~M @1113 _ Uibh ‘ I t 3‘ ‘w"“* W- ' «1>v---»--.., 1—1—— I m..- . , . , , _ _ A “M,” “W -.m.,_,_, . .4... . .....W...... e . H .. .. 4.... .. c .H. n . . . . _ ,. -. w , S..-....-., -.._.,... .. -m. a»... .. ._.. .w. s e g ‘ .‘ A _ A N V. _ I f § g H I. CHARLOTTEIOWN, PRINCE. E WA RD ISLAND, APRIL 8, 1868. NO. 25. V FIAT HERRIN G DEBATES AND PROCEEDING imposed a line on any person who should money at 6 per cent., by causing those as much reason in the Government try: is ventral-i tan ruausnan areas wuoaemar loaanw 'l‘IiE subscriber has for sale. 100 Bbls. Bay of Island 0" "m elm-se- mo“ men fix P" can" imflut’ from Who" may Md bormfld to com. in! ‘0 ram“. It. pm. of .0". w m, “ FAT HEREING’ (Chemo LEGISLATIVE couxcuh a portion of which act was repealed by down upon them and compel them to or molasses. or any other srtieleaef-ath L. C_ OWEN_ the second not referred to. and as the cancel their bonds. They would then be chandiss. as the price at which money EDWARD REILLY. EDITOR AND PROPRIITOR. at his once. Queen Street. TERMS ron run "1111111111." For 1 year. paid in advance. £0 9 0 " " " hall-yearlyinadvance. 0 10 0 Advertisements inserted at the usual rates. JOB PRINTING} Of every description. performed with matrices and despateh and on moderate terms. at the Harman Ollice. ALMANACK FOR APRIL. smart I Pusan. Full Moon. 7th day. 311. 4111.. morn. S. W. Last Quarter. ltth day. 6h. 22m.. even.. 8. New Moon, 22d day. 4h. 71n.. eveu.. S. W. First Quarter, 29th day. 2h. 5111. even.. N. W. | ' ~ 5 = E on wants. '0" High Moon .2 3 “a l riseslseis Water sets. “5 , h mh m.h Ill'll mh m 1 \Vedocsdoy 5 416 24; 4 49 2 812 43 2 Thursday 401 23 5 56 2 37 43 3 Friday 313i 123 7 613 11 48 «1 Saturday 36 9.7! 8 11 4 1s 31 5 Sunday 351 28, 9 113 4 31 3:1 6 Monday 34‘ 2910 8 rises.| 5.5 7 Tuesday 32} 31;1o 57 7 9. 59 8 \Vedneeday 30. 8211 41 3 16.13 2 9 Thursday 23' 93 even. 9 21} 3 10 Friday ' 26 33: 1 310 22. 9 1 Saturday 25, 36. l 5011 20; 11 12 |Suudny 23 371 2 34 morn. 14 13 ‘Monday .' 21 39. 3 21 o e 18 11 Tuesday 19 so! 4 9. o 58 21 1.5 \Veduesday 17 41 5 a} 1 so. 21 16 Thursday 16 43, 5 58= 2 17 26 17 Friday 11: 113 5 53; 2 31 30 18 .Snturdny 12. set 7 48‘ 3 17 34 19 Sunday 10. 47 8 41 3 50 39 20 lMonday s 49 9 26 1 13 41 21 Tuesday 7; 30.1012 4 «191 43 22 \Veduosday 5 52.10 561 sets 47 23 Thursday 3 5311 56 7 52 so 24 Friday 1 55‘morn. 8 51 54 2.5 Saturday 0 56 01810 6 33 26 Sunday 4 59 57 1 sin 9 33 27 Monday 57 581 l 52.11 5914 l 28 Tuesday .56 5‘.) 2 411mm. 3 29 Wednesday , 55.7 0| 3 33; o .571 .5 30 'l‘buraday l 53' 2‘ 4 39' l 40' 9 l’riccs Cum-e n t2. 5“:- Ned wsw‘mwmw\w‘ Mww m .5“-. . do... swfifl... Cilauwr'ncrowa'. March 27. 1868. Provisions. Beef, (small) per lb. 411 to 94' Do by the quarter. 5d " l'ork. (carcass) 51 to 611 Do (small) {1.1 to 7d Mutton, per 11).. 411 to 8d Lamb per lb, 411 to .511 Veal. per lb . 311 to 6d 11.1111. per 1b.. lid to 7d Butter. (fresh) 1s 2d to 11 4d Is to is 2-1 Do by the tub. Cheese. per 1b.. Tallow. per 1b.. Lard, per 1b.. l-‘leur, 1er 1b.. Oatmcs , per lt)01bs.. Eggs. per dozen. 2111 lo 511 at! to l‘hl Nil to 11113 Md lo 311 21s to 23s 911 to 111 21] Grain Barley. per bushel. ts to is 6d Oats per 110.. 38 to 311 2d Vegetables. I’ess. per quart Potatoes. per bushel. 21 (id to ‘28 9d Poultry. Geese. 25 6.1 to 33 611 Turkeys. each. 4a to 7s 6d Fowls. each. is to 1s 8d Chickens per pair. Ducks. 1s ad to is 6d rials. Codlish. per qtl.. 20s to 30s [lei-rings. per barrel. 25s to 40s Mackerel. per dozen. Lumber. Dosrds (ilemlock) is Do Spruce) 4s '0 511 Do I’ine) 7s o 9- Shingles. par M 13- t 1811 landriss. liay. per ton. Straw. per cwt Timothy Seed, Clover Seed. per 1b.. Homespun. per yard, Calfskins. per 111.. 70s to 8011 2a 15s to 18s 1s 3s to is 411 4s to (is 611 to 911 Hides. per 1b., 411 Wool. is to 1s «1d Sheepskins. its to be. Apples. per 1101.. Partridgcs. GEORGE LEWIS. 111111-11 ot Clerk. A. ’HERMANS. G U N ~ H M I T 1'1. BELL-HANGER AND TIN-SMITH. 363 to inform his friends. and the public generally. that he has in commenced llusincsou llorches- tcr Street. next our to the Reading Room Budding. where he is prepared to execute all orders in his line with noatnesa and despatch. ON "AND. A neat assortment of flowers, ‘30 ‘00 inslndla the tent lion Tots Conan lfo-r. which.“- osived a Ge 11 Medal Prise. at the Paris Exposition of 1861. Also. BON TON LANTERNS. whichwill surpass everything in the Market. and suitable for either Paras ass or on board Vessels. A few Warn: Commas on hand. which to other with slargs variety of other Stock will be sol cheap for ' A sutfor sswrmvs cavern. Kr. HERMANS is 31.113. a new. cocoons l and superior article used in nails harsh a savin of a r cent is guano. and. still r whigh he beg‘s to undcb‘dis patronage of 1 La htasds. lo. . m. July as. 1087. s Ch'town. March 4, 1868. pat DR. J. HOMER. 33882151313119? dz SERGEONi AS established a convenient OFFICE in the building formerly occupied by DR. SUTIIER- LAND. on the corner of Kent and Great George Streets. Charlottetown. where he may be consulted upon all the different branches of the edicsl Profession FOR A MONTH OR TWO. N. 11. Special attention given to the most modern and successful method of treating diseases of the EYE (and EAR. in connection with all those of :1 Surgical character. [13‘ Surgical apphsnees. with all the modern im- provements. in great variety. constantly on hand. Rooms at Miss ltANKlN‘S. Corner of Pownal and Sydney Streets. Charlottetown. March 11. 1868. t! FREEHOLD PROPERTY FOR SALEI THE Subscriber offers to sell. by Private Contract. the following Property. namely: . A SIIOI‘, on Queen Street. at present in the occupa- t1on of Edward lit-lily, Esq.. and used as a Book-store and Printing Oiilce. .A DWELLING HOUSE. on I’ownal Street. occu- pied by Mrs. Ssllongcr as a Boarding-house. A IIOUSE. on King Street. in the rear of Mrs. Sul- longer‘s. occupied by Mr. Dunn. A DWELLING HOUSE. on the rear of Boston Street. occupied by Mr. l-‘itzgeral. pensioner. Also—tho DWELLING on Queen Street. occupied by the subscriber. HUGH MONAGIIAN. ~Ch'town. March 4. 1868. if LAND ASSESSMENT. Trenuurcr'a Oflloe. Charlottetown. 1‘. E. 1.. 251h January. 1868. IN ursusnce of an Act of the General Assembly 0 this Island. made and passed in the Twenty- fourtb year of the reign of Her Majesty. Queen Vic- toria. intituled. ” An Act relating to the Land Assess- ment at present imposed b ' Law on the Town and Roy- alty of Princetowo." 111’“ also of an Act made and passed in the Twenty-seventh year of the some reign, ntituleil. “Ar Act to consolidate and amend the sever- al Laws imposing on Asscssmeut on all Lands in this i (lolony. and for the encouragement of Education." I do hereby give Public Notice that I have 111111111 proclm clnmatlnu accordiug‘to the lt'l‘llli of the said Act-1.01 all the undermi-utioned Town Lots. \Vutcr Lots. Common Lots. I’usture Lots. Islands. or .of ls'ande. ’i‘owu- ‘ ships. or parts of ‘l‘ownabips, in t ‘Isltiod'. in amnr for the non-payment of the several sums due and owing thcrcou to 1101' Majesty. under and by virtue of the above mentioned Acts. viz :— . lures. Arm-r. Township No. 3 1011 Towpsblp No. 36 819.5 “ 5 1‘» 121 “ 117 4111 “ 3 7R5 “ 89 3110 “ 11 13M “ 40 212511 “ 13 1503 “ 41 211.13} ” 11's (hid “ 42 2684 H 16 3111:, H 4:1 32321 “ 17 353 “ 411 2552; “ lrt 166 " 51) lrlftffi “ 11) 381).. “ 51 5405 1- 20 9001 “ 52 11127.1 “ 21 Till “ 53 1273.5 “ 22 217 “ 64 1723 u 2:1 1091 u M; 2.19} “ 21 2.18} “ as 463 u 25 4151 H on 91-21 “ 2d 199} " 60 277351 “ 27 8:10 ‘1 61 2.1655 “ 29 lift “ cm 2221) u 111 27111 u 11:. must “ 32 (12:1 “ Gil 22H H 83 90a} George's island, 661‘. “ ill 26!. Buliliury “ l5 “ 3.1 229‘ Connolly 1. 130 First lluudrcd of Lots 111 Charlottetown t—tlirce-elghihs of No. 6. one-quarter of 7. one-quarter or 16, one- tu'clftll 01‘ 17. one-quarter of 22. ouc-quurtcrol‘ 23. one—quarto.- or 21. one-quarter of 311. one-quarter of 42. scvcu-twentlotha or 43. onc-clgluh of ii. ouc- quartcr of to. our-half or on, our-cluluh of 71. one- quurter of 78, one-half of 83. oucnqunrtcr of 90, 97. 914. Second eight quurl one-1 onc~l Hundred of Lots in Charlottetown :— five- '4 of No. 6. one-half of 7. one-quarter of 8, one- .- or ls. one quarter of Ill. one-quarter or 19. 1rtcr or 20. one-quarter or 2|. ouc-lmlror 211. f of 27. 81, one-half of 4:1. otIc-liull‘ of“. one- qunrt of so. ouc-aixth or 61. three-01311th of so. one-s th of 59. one-sixth of 88. Third hundred of Lots in Charlottetown :—tlve-tn'elil.hs of 21, ilvc~twolfths of 22. Fourth hundred of Lots in Charlottetown 2—ouc-qunr- ter of 1., one—half oi 20. one-half of 210. one-half of 42. Ilvc-clghtha of ill. one-quarter of 514. seven-twelfth:- of 69. 00. one-half of ill. one-quarter of 74. ouehhnlf of 82. 8t, one-11111! of 8.1. Fifth hundred of Lots in Charlottetown :-one-half of 11, one-quarter of i2. ouedmartcr of 13, one-half 01 29. ilvc-twelftha 01'62. one-sixth of 73. Lots in Charlottetown formerly occupied as the Barrack Square :-No. l. , Water Lot.op osltc to Town Lot No. 97. in the tlrst hundr;d of to in Charlottetown. Lots in the Common of Charlottetown :--ono-thlrd of ti seven-twclnlis of ill. Pasture Lots in the Royalty of Charlottetown :--one- half of No. 23. 1.7. two-thirds of 28. 85. 39. 43. 44. M. 611. “1'2. 155, 291. 297. 313. 339. 340. 1167. 8113. 369, 870. 871. 398. two-thirds of 899. two-thirds of 400, 401 402. 431. 409. 531. 588. Town Lots in Georgetown :-—No. 18. let range. letter A. ch-Iutlfo! No. 9. third range. letter A. No. 7. 4th range. letter A. No. 3. 4th range. letter I). No. a. 3rd range. letter F. No. 2. 3, 13 a 16. 4th range. let- tcr F. No. 11. 4111 range, letter O. Pasture Lots in the Royalty of Georgetown :—-Nos. 165, 225. 309, 822. Reserved Lands adjoining the Royalty of Georgetown: ~21” acres. Town Lots in Princetow slou, letter A. No. it. 11 :——No. 5. 1st row. 1st 11le- lst row, 2nd division. letter A. No. 8 t 8. 2nd row, 2nd dlvlsion.lcttcr B. No. 8. 2nd row. 11rd division, letter B. No. a. 2nd row. 4th divi- sion. letter B. No. 3. ilrd row. 2nd division. letter C. No. l, tth row, 2nd division. letter D. No. i. it It 8. tltb row. 2nd division. letter 1-). No. 8 b 4. 5th row, nth division. letters. Nos. 1. it. it. t. 8 s e. Pasture Lots In the Royalty of Princetown :—-Nos. es. 1711. 240, 459. and 400. And the owners of the aforesaid Lots. parts of Lots and proclaimed as share- uud tracts of hand so in art-ear. said. are hereby untitled that in case the pains charged on them as aforesaid. together with the costs which have been incurred. shall not be paid before the next Easter Term of the Supreme Court. which will com- mence on Tuesday. the filth day of May next. applica- tion will be made to the supreme C” during the said term for .l at against the said beta or tracta 01 Land respect vely. JAKIB WARBURTOR. Treasurer. .M um.1~m...u~..m ._.. _ m m... . (Coalinuch Wnnxasnar. March 25. F181! INSPECTION BILL, On motion of the lion. Mr. Lord. a bill to revive and continue a certain act therein mentioned was read a second time. committed in a committee of the whole House. reported agreed to without any amendment. read a third time and passed. The object of the above named bill was to revive and continue an act for the regulation of the size and quality of fish barrels and tierees. and the weight of fish put up therein : and also for the ap- pointment of fish inspectors to regulate the inspection of pickled fish for sale with. in this Island. LORD’S DAY OBSERVANCE BILL. A bill was brought up from the House of Assembly by Mr. P. Sinclair to amend the set for the due observance of the Lord's day. The said bill was read a first time and ordered to be read a second time to« mot-row. PET1'Z‘10NS PRESENTED. By the lion. Mr Muirhead. a petition of divers inhabitants of Summerstde. praying for municipal privileges for that town. Also. a petition of certain stock- holders of the Summersido llank. praya ing for an extension of the time allowed by law for the third call of shares. By Hon. Mr. Beer. a petition of cer- tain inhabitants of Cb riotictown, pray- ing that a public moi school may be opened in the vicinity of the northern ex- tremity of Great George Street. In reference to the last named petition. lion. Mr. MacDonald remarked that be thought it was out of place to present it in this House, as all petitions asking for grants of money were to be laid before the Executive Council within 11. certain time. lion. Mr. Bur-:11 said no money was asked for by the petition. and '11s it was handed to him ycslelrduf cowhidem‘tlu' it to be his duty (0 pro at it to the House. 11011. Mr. MACDONALD replied that the petition asked for the ostabbshmcut of a public school, and that could not be donewitliout ngroni of money. 110 would. therefore. advise his honor to send the petition to the Executive Council. Hon. Mr. PALM! n: I cannot agree with his honor who has just spoken. that it is out of place to present a petition of that nature hero. He may be quite right in saying that it will have little cflect, huhit will be our fault if we do no: choose to exercise the control we have over the expenditure of public money. When the school bill comes before us it will be open to us to make a proposal to amend it. so as to enable the inhabitants of that locality to open another school, if we consider it advisable to do so. Therefore I think we should receive the petition and lot it lie on the table till the bill comes up. Hon. Mr. IlIL'lllllEAD said he thought the petition should have been sent to the Board of Education, as be understood that they had power to make an order to open a school when it was required. IIon. Mr. Benn said he believed that the law. as it at present stood. did not admit of any more public schools being opened in the city. and as the population was increasing. the schools were found insufficient for the wants of the com- munity. lion. Mr. Dixownu. observed that he did not see any great objection to re- ceiving the petition. for it would be a guide to the House in case the Education bill was not in accordance wi1h their wishes. lion. Mr. HAYTIIORNI said he thought no one would be bold enough to stand up and any that a petition for fbrther facili- ties for education. would be treated with contempt. He considered the arrange- ment. requiring that petitions for grants of public money should be sent to the Executive Council. a good one. forif any private member of the Legislature had the privilege of proposing a grant. the Government could not be responsible for the expenditure; but as the spbjeet of the petition was an important one. and plain- y showed that the educational arrange- ment for Charlottetown was not suf- ficient for the requirements of the rising generation. he would not object to re. ceiving it. The petition. as well as‘tho revious- ly presented by the Hon. Mrfmirhesd. was ordered to be laid on the tafis. usmn' LAWS mean mm. A Bill to repeal the laws new in force establishing and regulating the rate of interest, and to make some provisions on the same subject. was read a mood time and committed to a Committee of the whole House. lion. Mr. Walker in the chair. “on. Mr. Manners“): The first act referred to by this bill is an old act which i Law now stands. any rate of interest may be charged which parties may agree upon. except where security is taken upon real estate. Now. it is well known that there is very little money loci in the country in sums of less than £10. at the rate of sir per cent. It is a common thing with farmers. who may be in want ofa little money, logo to their more inde- pendent neighbors aud borrow five. six. or eight pounds, for which they will give promissory notes at 10, 15. or 20 per cent. That is contrary to the Act as it now stands, and I look upon it as being against the moral interests of the com- munity that any person should be allow- ed to break the laws so openly; in fact. it is good ground for repealing the act in that particular. Money is now look- ed upon in the some light as other mar- ketable commodities. and as being regu- lated in p1 ice by the laws of demand and supply. The Usury Laws are repealed in almost all other countries. and I do not see any just reason why they should not be repealed here also. I believe the bill now before us. or one for the same purpose, was rejected on two for- mer occasions. but public opinion has undergone ncbnngo on this subject, for many who were formerly opposed to passing it, now think it would be a benc- tlt to have the Usury Laws repealed. and. as I also cnicrtainthis opinion. lam pre- pared to support the bill. ' IIon. Mam-21:11: If I do not mistake. this Bill was rejected by this House on two former occasions ; but the Members oftho House of Avscmbly appear deter- mined ibat it shall become law. or it will not be their fault. I opposed it on for- mer occasions. on the ground that it would cause inconvenience and loss to various parties in the country. Many persons are paying interest for large sums horrmved on real estate. and I fear that the eil'ect of this bill, ifit become law, will be to cause all this money to be called 111. thereby putting the parties to great inconvenience. and it is not no- likely that some properties will go to the 1 hammer. The money will then be lot 01111 at 75 or 10 per cent.. or whatever rule may be agreed upon; Thus. the gain o ailll‘be to the money'leeders and to the members of the legal profession who will ’ draw up the documents; these are the men who will reap a harvest from 11.1 but to the money lion-outers it will be a ; loss and inconvenience.) I am aware? that arguments can be oflcred in favor of the bill. but 1 am looking 111 the cf~~, fcct it will have through the country. I 3 do not like the bill, but seeing there are; more of your honors in favor of it time there were on the two previous occusionsJ do not feel inclined to oppose it alto- gather. Ilon. Mr. IIdrrnouxn: I think a good deal might be said in favor of this bill. The very fact that a man is de- barred. in a great measure, from pledg- ing the best security be has to give. is a strong argument why the present Usury Laws should boabolisbcd. I have heard that a gentleman in this Island sent it considerable amount of money to New Brunswick for investment. simply be- cause he could not invest it here at a higher rate than six per c9111.. and take security upon real estate. I believe many here would lend money at 74 per cent. on real estate, but charge higher interest on other securities, on account of the increased risk. Therefore. I am of opinion that it would be an advantage to the communiton repeal the present laws. The fact that this bill is not to go into operation for two years. will ob- viate the objection made by my hon.col- legue (Mr. Beer). for the bonds which money-lenders now hold will be cancel. led by lapse of time. and. therefore. the evils which he anticipates will not occur. As his honor does not intend to oppose the bill becoming law. it is. per. haps. unnecessary for me to make any further remarks at present. Ilon. Mr. 11111111113011: 1 do not thinl. this bill will have a good cilect. for there are agrcat many in the country who are under the necessity of borrowing money. Many are now trying to buy out their farms. and have to borrow money for that purpose, but this bill will raise the interest of money so high that they will not be able to do so. line. Mr. Gannon: I shall oppose the 8111.11 I should stand alone. for I consider that it will have the effect of forming a new class of proprietors. Per- haps it might have a good effect in this way. that it will driro out the poorer class of farmers and introduce a better class. but I think we should give them encouragement in another way. “on. Mr. Loan: Ihopo the prophe- cy of his honor. (Mr. Gordon). rdative to a new class of proprietors will not be fulfilled; and for my part, I cannot see how this bill is to be an injury to the money-borrower. The man who bor- rows mooey. and must have it. will have to give wha'evcr rate of interest the money-lenders choose to ask. The law is evaded almost every day.and why should we perpetuate that state of things by refu- sing to pass this bill ? I opposed the bill under the necessity of giving new bonds which would cost three or four pounds. and at ahigber rats of interest. ' But as the act is not to take edsct fortwo years, I think that will be ample time to pre- pare fer anything of the kind that I have alluded to. I am not a money-lender. but I have sometimes lent a little.' and I have taken 7d per cent.. though I knew it was contrary to law. I know the law is evaded. and 1hatsome parties take 15 or 20 per cent. Therefore. I am prepared to support the bill, and ifit is found to be injurious to the poor man it can be re- pealed at a future session. line. Mr. Panama: As the law now stands, persons may contract for what rate of interest they like. providing they do not take security on real estate. Promissory notes or bills of exchange may be given; the former is a common pro. cesss. A note may be given for three years. and when that time expires. it may be renewed for three years more 1 or interest may be taken at any rate. 50 or 100 per cent. on a common bond. New. Ido not see that the commercial business oftbe country is benefited by the present law; but the complaint is, that persons cannot obtain money upon landed security at the rate of interest to which parties are limited. that is. six per cent. That is the principal reason why this bill is introduced. I have been opposed toalaw of this kind hitherto. because I thought it would operate to the disadvantage of the needy class. and I thought that capitalists, who could al- ways get six per cent. for their money. should not complain. However. it. sp- poars that the country is persisting in this measure. as it has been passed by the House of Assembly so frequently. and looking at the journals of that House [perceive that it was passed this year by a majority of nineteen to four. That being the case. Ido not feel it to be my duty to oppose it any further. The Members of the House of Assembly are more fully in the bands of the people than are the Members of this House. and if they think it will be conducive to their advantage. let them have it. Time will tell what effect it will have. In my opin- ion,rhe effect of it will be.lhat all money now out on landed security will be called in as soon 'as the operation of the act will allow of it being 10' at a higher rate of interest. for it cannot be supposed that any man will allow his money to remain out at 6 per cent..whilc his neigh- bor is receiving 71.11nless it is as a special matter of favor. lion-over. the public must understand, and no doubt they do understand this. and if they are deter- mined to have the law in that way.I will not oppose it. In other countries. and especially in the neighboring Colonies. a much higher rate of interest is charged. I believe as high as 10 per cent.. and I hope we are not a poorer class of people thanthcy are; indeed, taking the popu- lation throughout. 1 think we are war— ranted in saying we are n more Wealthy class. \Ve must take that signification from the fact that the popular branch of the Legislature has contended so often for this bill, and. therefore, it is. that 1 reconcile myself to giving it my support. though. on former occasions I thought the inmrest oftho people demanded lltul I should oppose it. 11011. Mr. Loan: Will a man. who holdsn note or a bond. have it in his power to charge any rate of interest he chooses alter the bend expires ? “on. the Pansmnar: No, unless there is a special agreement. he cannot charge more than 6 per cent. lion. Mr. Dixowau: I opposed this billformerly, and if it was not for the fact that it passed by such a large majority in the House of Assembly.I would op- pose it still, for I cannot see how it can be any benefit to the country. However, as it will not go into operation for two years. the people will have time to pc- tition against it ifit is obnoxious to them. With that safeguard. I will not oppose it. though I do not think it will be any service to the country. “on. Mr. Bamaus roar: If there is provision made in the bill. by which a man will be prevented from charging more than 6 per cent. after bonds expire, I am satisfied. and I do not see that it is very material whether the bill passes or not. The law is so often evaded. that I do not think there is much money lent at 6 per cent. llon. Mr. MacDouam : I cannot agree with those who think this bill will oper- ate to the injury of the poor man. Sup- pose a man comes to town to borrow money. and not having any friend or so- qnnintance in town whom he could ask to be his surety. he goes to a party and says he has a farm worth three times the amount he requires. which he is willing to pledge. and he is also willing to pay 71 per cent.. which is the regular rate of discount at the banks; but the person who has money to lend refuses his appll~ ration because he cannot take security upon his property at a higher rate than 6 per cent. Thus. the man is debaer from getting money. though he has a good property to give in security.aad is willing formerly. for I thought it would be an injury to the poor man who had borrowed to ps the rate of interest that is asked. 11cc upon it, that there would be just may be sold or let. We have seen that in other countries.whsrs thossnas’ry It” were eateblieheddlsey have proved a la“- ure. and laws similar to the one new be- fore as have been passed to repeal than. The rate of interest. when than b no I!- ed and written agreement to pay ahlghar . rate. will remain the same as at present. ' Book accounts will also remain tiresome. 131' no psrson will be liable to pay in- ‘9 teiest upon them unless he bat an.“ to I. do so. For these reasons. I cant see that this bill will be any injury to the poor man : ifl thought it would I would certainly oppose it. 11011. Mr. Dnrowsu: If his honor, . (Mr. MacDonald). has taken a right , view of this bilhwe must have been wrong ' in rejecting it before 3 and if it is to he a benefit, both to the poor and the riots. ' it would be folly to oppose it any farther. ‘ “on. the Passion": I opposed this ,5 bill upon two former ocasions. butI have changed my mind and do not intend to oppose it now. No donbtihs law isvary ‘ often evaded. though I believe somewhw are in the habit of lending mooe do not f charge more than 6 per cent.. at t are the fewast number. I agree vary as with his honor from Georgetown.-(Kr. ‘ hIacDouald).ihat sperson comiegtotowa C to borrow £40 or £50 has often I M deal of trouble in getting security. where- as, if he could pledge his property at a j" higher rate of interest than 6 per cent" 1 he could obtain what he requiredqu g. being under an obligation to any person. 1 A man may require a few pounds to assist him in purchasing a piece of land adjoining his farm, and if the usury laws h were abolished. he would probably have ‘ a better opportunity of obtaining It. 1 These laws are abolished in almost all other countries and. perhaps. it is justan well to abolish them here. for if we have no usury laws. I believe a lower rate of g interest would be charged in many lil- stances. Therefore. I am not disposed oppose the bill. particularly as it will go into operation for two years. so that g " the people will have time to petition i against it it it is not agreeable to “renal 11011. 111'. Yao: I do not eaahow the bill can have an injurious sheet. I it will bars the contrary tendency. “any 5; men would be willing to pay 71 or 10 per . cont. lor'rnousy. who on now deb ‘ from getting it at all. ‘I haveng . ‘. such cases. Degides. there arrhariwlfl‘t . ways of evading‘the law. Sometimes a 1 man wil lend £100 and take a note for » £110. A great many in the country are 1 under the necessity of borrowing. but; parties who have money to lend cannotz; V lake security on real estate at achigb‘ar rate of interest than 6 per cont.,and they will not give it at that rate. 1 1 lion. Mr. Gannon: We know that great many of the tenants are new sn-ii douvoring to buy out their farms; fori. that purpose they often'require to borrow a sum of money. and l am_afraid that thc effect of this bill will be to drive a; great portion of the lands of the colony . into the hands of a for grasping moasy- ’ lenders. “’1 The House was then resumed. and the ; chairman reported the bill agreed to. ' without any amendment. ‘ The bill to amend the laws establish-é ing and regulating the salaries payable to the Attorney and Solicitor Generally ' was again committed to a committee ol’ the whole House. and farther pro : was reported. 1 The Home than adjourned till o'clock. p. m. ; . ansnxoox session. *5 1 The bill to amend the laws establish- ing and regulating the salaries payable. to the Attorney and Solicitor General . was again committed and reported agreed to. USU RY LAWS REPEAL BILL. Hon. Mr. Walker moved. seconded by. the lion. Mr. Haythorue. that a bill repeal the sets new in force. ssiablisbia , . and regulating the rate of interest and to : make some provisions on the same sub-y ‘ ject. be new read a third time. The5 House divided upon the motion. . g Contriils— Hon. Messrs. Walk" . Dingo-ell. Pal mar. Yen. Beer. Haythorno Muirhoad and Balderaton.—8. Noa-Coulents—Ilon. Km". G * ~ and Anderson.-—2. . So the motion passed in the alllrmati The Iiill was then read a third tints passed. Adjourned moi-row. yaaww “9...... .X . v any «me swast- a’h'r‘vrmb W till eleven o‘clock t ‘ Tnuasoar. 30.x. Loans 11.111 onsnav ’ ’_ On motion of the Ilois. ls. a bill to amend an Act for the servancs ot the Lord‘s Day was ” second time. committed. W " “ to withoat any speed “ = time, and passed. Adjourned till to-mmw at o'clock. (Continued eafiarth page.) ‘ W1 .2