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would be found wholly impracticable. In reduction of the quantity of paper, and all
deed, the restoration of peace, by open- other measures which accord with the true
ing new fields of commercial enterprise, principles of banking, The anticipation
would multiply instead of abridging the of the time when the bank will be ein-
demands upon the bank for discount, and strained to open, may also be expected to
would render is peculiarly distressing to contribute to the improviment of the ex-
the commercial world if the bank were changes ; whereas a posip Dement of this
suddenly and materiaily to restrict their era, so indetruite as that of six inonths
issues.

Your committee are therefore of after the termination of the war, aud espe-
opinion, that even if peace shonld inter- cially in the event of an exchange con-
vele, two years should be given to the tiwuing to fall, (wlich more and more would
bapk for resmining its payments; but that generally b. perceived to arise from an
even if the war should be prolongerl, cash excess of paper, and a co sequent depreci.
payments should be resumed by the end of ation of it) may learl, under an unfavour-
that period.

able state of public affairs, to such a
Your committee have not been indiffer- fulure of confidence (and espee allv among
ent to the consideration of the possible foreigners) in the determination of parlia-
occurrence of political circumstances, which ment to enforce a return to the professel
may be thought bereatier to furnish an standard of the measure of payments, as
argument in favour of some prolongation may serve to precipitate the further fall
of the proposed period of resuming cash of the exchanges, and lead to consequences
payments, or even in favour of a new law at once the most discreditable and disas.
for their temporary restriction after the trous.
bank shall have opened. They are, how Although the details of the best mode of
ever, far from anticipating a necessity, returning to cash payınenis ought to be
even in any case, of returning to the pre- left to the discretion of the bank of Eng.
sent system. But if occasion for a new land, as already stated, eertain provisions
measure of restriction could be supposed would be necessary, under the authority of
at any time to arise, it can in 110 degree parliainent, both for the convenience of
be grounded, as your committee think, on the bank itself, and for the security of the
any state of the foreign exchanges, (which other banking establishments in this coun-
they trus: that they have abundantly shewn try and in Ireland.
the bank itself to have the general power Yourcoinmittee conceive it may be con-
of controlling), but on a political state of venient for the bank to be permitted to
things producing, or likely very soon to issue notes ouder the value of 51. for some
produce, an alarm at home, leading to so little time after it had resumed payments
indegnite a demand for cash for domestic in specie.
uses, as it must be impossible for any It will be convenient also fr the char.
banking establishment to provide against. tered banks of lieland and Scotland, and
A return to the ordinary system of banking all the country bauks, that they should not
is, on the very ground of the late extrava be compelled to pay in specie until some
gant fall of the exchanges and high price time after the resumption of payments in
of gold, peculiarly requisite. That alone cash by the bank of England; but that
can effectually restore general confidence they should continue for a short period
in the value of the circulating medium of upon their present footing, of being liable
tbe kingdom ; and the serious expectation to pay their own notes on demand in bank
of this event must enforce a preparatory England paper.

rose

ISS

TAGE.

PACE.
Naval regulations

388 Phanomens, remarkables9,558,239,584,451
Negus, Stephen, character of
477 Phthysis, observations on

165
Nelson, lord, remarkable likeness of 2899 Physicians, examination of the king's 563
city monument to

371 | Piano forte, on the invention of the
Newark, description of

20

S05, 412
agricultural society, proceed. Pistol, on Shakspeare's character of 9
ings of

85 Placeutia, singular fall of snow at 358
Newcastle, improvements at
178 Plane trees, observations on

355
Newspaper, proposal for a
407 I'liny the elder, memoirs of

525
Newspapers, antiquity of
536 Ploughing match, account of a

93
New Testament on the originals of 300 Plymouth, charitable institutions at
Nicholas bay, Kent, barbour in 283

287, 288, 485
Nightingale, enquiry concerning the 235

improvements al

588
Niton, isle of Wight, a medicinal

fire at

589
spring at

181 Petry, new measure for heroic 407
Notes, circulation of bank

534
utility of small

POETRY ORIGINAL.
No zel, John, account of

259

In reliquias M. Van Butchell 49
Nivel reading, utility of

Verses to Dr. Thornton

50
Nutmeg tree in Sumatra

156
The poet's grave

51
Ochorsk in Siberia, storm at

155

Froin Tasso
Ogden, Mr, account of

81
Canzonet

ib.
Ogilvie, Sir l'alter, casc of

150
Henry's return

50
Oil, substitute for Florence

67
On learing E-Y

146
Opibury, Shropshire, fire at

281

On presenting a lady with a
Onomatopeia, an unusual

3
Opera, dispute concerning the 570

To Florella

ib.
Oriental academy at Vienna extended 449 On a lady's birthday 148
Ostia, discovery of antiquities at 358

The recreations of war 251
Ostrich feathers, trade in

On the back of a drawing its.
Ouse bridge, celebration of laying the

Hint on inclosures

2.32
first stone of

577
A song

ib.
Orens, on ascertaining the heat of 445

Maria

ih.
Overbury, Sir T. account of a work of 246

On the death of an infant ib.
plot against

534

On the death of a lady S16
Oxford, donations of lard to

47

Different species of drunken.
statnes and pictures at 162

ib.
installation at

183
On beauty

ib.
storm at

584

To Rurilla
Pain! er, anecdote of a

345
Card-table epitaph

ib.
Papal states, disturbances in the 75

From Anacreon
Paper money, on the system of 201,

Judge for yourself

348
354, 419

Sonnet
stoppers for bottles

556
Lines by major C.

436
Papers relative to the India company 511

The ass; an ode

437
Parke, Mungu, supposed to be living

I owe you one

438
57, 70

Epitaph on an highwayman ib,
Parliament, on a reform in

305
On providence

ib.
abstract of new acts of 546

The golden fishes' petition 538
Farnel, Paul, character of

578
In affliction

599
Parr, Catharine, particulars of

117, 229
'Thoughts on life

ib.
Parry's, Dr. sheep sale

190 Poets, character of the amatory 31, 119
Patents, account of new 63, 159, 252, Poison tree, description of the

67
348, 444, 540 nuts, description of

133
Pavement, discovery of a mosaic
357 of snakes, on the

259
Peacock an ancient luxury,
250 Polygamy defended

249
Peak in Derbyshire, wonders of the
221 Pompeii, discoveries at

155
project of a canal over the 579 Poole, Dorsct, decision concerning 286
Peas, green, how to preserve
357 Poole's hole, description of

113
Pedant, description of a
246 Poole, Rev. II. account of

572
Pennistone, Yorkshire, accident at

377 Poor, on the treatment of the chil.
Penrith, storm at

179 dren of the
Pepper plant, cultivation of the

156 on bettering the condition of the 122
Peterborough cathedral, account of 21 on assisting the

234
remarkable tortoise at

on the condition of the labour-
Petrifaction, a remarkable

232

ing
Phenicopter, on the

524

rate, plan for abolishing the

ness

[ocr errors]

ib.

108, 306

401
310

would be found whilly impracticable. In. reduetion of the quantity of paper, and all
deed, the restoration of peace, by open other measures which accord with the true
ing new fields of commercial enterprise, principles of banking. The anticipation
rould multiply instead of abridging the of the time when the bank will be con-
demands upon the bank for discount, and strained to open, inay also be expected to
wouli render is peculiarly distressing to contribute to the improvement of the ex-
the commercial world if the bank were changes; whereas a postponement of this
suddenly and materia ly to restrict their era, so indefinite as that of six months
i-81165. Your committee are therefore of afley the termination of the war, and espe-
opinion, that even if peace should inter- cially in the event of an exchange con-
vele, two years should be given to the tivuing to fall, (which more and more would
bank for resmining its payments; but that generally be perceived to arise from an
even if the war should be prolongedl, cash excess of paper, and a coisequent depreci-
payments should be resumed by the end of ation of it) may lead, under an unfavour-
that period.

able state of public affairs, to such a
Your committee have not been indiffer- failure of confidence (and especially among
ent to the consideration of the possible foreigners) in the determination of parlia-
occurrence of political circumstances, which ment to enforce a return to the professed
may be thought hereafter to furnish an standard of the measure of payments, as
argument in favour of some prolongation may serve to precipitate the further fall
of the proposed period of resuming cash of the exchanges, and lead to consequences
payments, or even in favour of a new law at once the most discreditable and disas-
for their temporary restriction after the trous,
bank shall have opened. They are, how Although the details of the best mode of
ever, far from anticipating a necessity, returning to cash payments ought to be
even in any case, of returning to the pre- left to the discretion of the bank of Eng.
sent system. But if occasion for a new land, as already stated, eertain provisions
measure of restriction could be supposed would be necessary, under the authority of
at any time to arise, it can in 10 degree parliainent, both for the convenience of
be grounded, as your committee think, on the bank itself, and for the security of the
any state of the foreign exchanges, (which other banking establishments in this coun-
they trust that they have abundantly shewn try and in Ireland.
the bank itself to have the general power Your committee conceive it may be con-
of controlling), but on a political state of venient for the bank to be permitted to
things producing, or likely very soon to issue notes uuder the value of 51. for some
produce, an alarm at home, leading to so little time after it had resumed payments
indefinite a demand for cash for domestic in specie.
uses, as it must be impossible for any It will be convenient also fir the char-
banking establishment to provide against. tered banks of Ireland and Scotland, and
A return to the ordinary system of banking all the country bauks, that they should not
is, on the very ground of the late extrava- be compelled to pay in specie until some
gant fall of the exchanges and high price time after the resumption of payments in
of gold, peculiarly requisite. That alone cash by the bank of England; but that
can effectually restore general confidence they should continue for a short period
in the value of the circulating medium of upon their present footing, of being liable
the kingdom ; and the serious expectation to pay their own notes on demand in bank
of this event must enforce a preparatory of England paper.

PAGE.

PAGE
Snakes on the p:ison of
259 | Thermometrical experiments

68
Snow, a fall of red

358 Thelwall's, Mr. reply to Mr. Smart
Soniski, John, anecdotes of
380

104, 301
Societies, proceedings of learned 34, Thoresby, description of

20
148, 257, 350, 439, 542 Thornton-force described

413
Soda, varieties of muriate of 133 Threshing machine, an improved 349
plant, cultivation of the 449 Tiles, an improvement in

268
Solano, marquis de, murder of 316 Timber, increase in the price of 188
Soldiery, character of the French 320 Torey, chavelier de, account of 587
Souls, on the transincorporation of 47 Tornadoes, account of

216
Southampton, lord, death of
81 Tortoise, longevity of a

477
Southwood, Simon, account of 188 Totnes, library established at

588
South sea islands, particulars of the 557 | Tour in the midland counties

17
Spaniards, manners of the 36, 203, 500 Townley statues, on the 101, 206
Sparshall, Mr. character of
187 Toy, description of a new

355
Speech, how to cure impediments of Tracts, account of scarce 44, 137, 246,
104, 223

349, 432, 533
Spenser, a sonnet, by
47 | Trade, erroneous maxims on

537
Spire, account of the battle of 228 Trees, on cutting down decayeil 125
Spout, a terrible rain
449 Turkey, Rev. J. character of

92
Stage, on the business of the

214 Turkey, state of

168, 272, 364
Stamford, storm at

200
- improvements in

322
Statues, on the Townley 101, 206 Turmeric, description of

133
Steam engines, improvement in 159 Turner, Thomas, character of 471
Stereotype printing, on 231, 407 Union with Ireland, proceedings against
Stewart, col. monument to
187 the

274
Stocks, prices of 100, 200, 296, 391, 490 United States, expeditions from the 426
Valentine, account of

472

stability of the govern-
Stockton canal opened
375 ment of

522
Stone, art of printing from
154 Unwin, T. account of

572
Stoppers, method of making paper 556 Upas tree, description of the

67
Storins, remarkable 89, 155, 179, Urps, discovery of remarkable

193
278, 280, 289, 382, 425, 472,51%, Vaccination, its progress in India 156
583, 588 Vassal, Col. monument to

93
Stramonium, its efficacy in asthma 108, Vegetables, method of preserving 556
129, 165, 222, 235, 415, 516 Vesuvius, eruptions of

450, 529
Studleigh park, description of 18 Vesta, description of an antient temple
Sullo!k, inclosure of lands in
478 of

155, 257
Suicides, remarkable 191, 373, 465, Vienna, oriental academy at

449
466, 578 Vincnet's, isle of, pepper plant culti-
Sudely castle described
117 vatel in the

156
Sumatra, state of the plantations in 156 Vindonam, visit to the antient

15
Sun, error in calculating the rising of Vinegar, test for discovering sulphuric
the
321 acid in

398, 516
Sunderland, improvements in 575 Vineyards in Englard, on

426
Surry, account of a ride in

506 Virgil acquainted with the Bible 537
Swallows, ou lhe migration of 66 Voltaic apparatus, description of a 67
Swansea, remarkable ske etol.s near 191 Wahabees, state of the

170
Sweden, political state of 168, 272, Wales, improvements in 192, 288, 486
564, 562 Wales, state of New South

364
Tabor, Sir John, anecdote of 559 Wallace, William, column to the me-
Taffare, dreadful massacre in the isle

289
of
22 Walsb the poet, anecdote of

344
Talent, on the proportion of 454 Waltham abbey, description of 21
Tamarind tree, description of the 1s1 Wanderer, letters of a 111, 211, 307,412
Tartas, a remarkable tribe of

358
inaccuracies in the

410
Tavendir, David, character of 378 Wars, on the folly of modern

417
Taylor, Ann, remarkable account of 183 War, ancient treatise on

342
Tayior, Rev. George, account of 579

money not the sinews of

518
Telegraphic correspondence, problem Washington, book societies at

520
on the

356 Watch, description of a warning 349
Temple church, repair of the 464 Water, machine for purifying 159
That, on the use of the word
108 Welbeck, description of

19
Theatrical prenunciation, on 214 Well, account of an ebbing and flow-
Tbermometer, description of a new

445 ing

7

mory of

PAGE.

PAGE

Wellington, Shropshire, dispensary at 582 Woollen clotbš, improvement in the
Wentworth house described

19 manufacture of
West India docks, accident at the 370 Worcestersluire, tempest in

362
Westminster, high price of ground in 80 Workington agricultural society, pro)-

expense of improvements ceedings of
in
275 Worksop manor described

19
Abbey, irtended repair of 570 Worthing, new market at

188
Whale fishery, success of the 470 Wotton, Sir H. a poem hy
Wheatacre-all-saints, Norfolk, storm Wren, Sir C. character of

124
89 Writing, how to take out
Whist, on the game of
498 Wybrow, W. account of

174
Wight, aluminous spring in the isle of 189 Wynne, Mrs. character of
William of Britanny, account of 314 Y-stroom, Dutch poem on the
Williams, Serjt. account of
573 York cathedral, drawings of

443
Wilson, Capt. account of

191 Yorkshire, improvements in
Wiltshire canal extended 03, 154, 482 Young, Admiral, account of

199
intended improvements in 492 Zealand, opinions of the inhabitants
Windham, Mr, memoir of
174 of New

557
Windsor, discovery in the chapel of 587 Zoffany, Mr. account of
Wine inade in England

221

86

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