BILL FOR A DOWER TO THE PRINCESS ROYAL.

The subsequent debates of this session were occasioned by a bill to prevent the infamous practice of stock-jobbing, which with great difficulty made its way to the house of lords, who proposed some amendments, in consequence of which it was laid aside; and succeeded by another bill establishing a lottery, to raise five hundred thousand pounds for the relief of those who had suffered by the charitable corporation. After having undergone some alteration, it passed through both houses and obtained the royal assent. The king, by message to parliament, had signified his intention to give the princess royal in marriage to the prince of Orange, promising himself their concurrence and assistance, that he might be enabled to bestow such a portion with his eldest daughter as should be suitable to the occasion. The commons immediately resolved, that but of the monies arising from the sale of lands in the island of St. Christopher’s, his majesty should be empowered to apply fourscore thousand pounds as a marriage dower for his daughter; and a clause for this purpose was inserted in the bill, for enabling his majesty to apply five hundred thousand pounds out of the sinking fund for the service of the current year.

The opposition in the house of lords was still more animated, though ineffectual. The debates chiefly turned upon the pension bill, the number of land forces, and a motion made by lord Bathurst for an account of the produce of the forfeited estates which had belonged to the directors of the South-Sea company. The trustees for these estates had charged themselves with a great sum of money, and the lords in the opposition thought they had a right to know how it had been disposed. The ministry had reasons to stifle this inquiry, and therefore opposed it with all their vigour. Nevertheless, the motion was carried after a warm dispute, and the directors of the South-Sea company were ordered to lay the accounts before the house. From this it appeared that the large sums of money arising from the forfeited estates had been distributed among the proprietors, by way of dividend, even before recourse was had to parliament for directions in what manner that produce should be applied: lord Bathurst, therefore, moved for a resolution of the house that the disposal of this money, by way of dividend, without any order or direction of a general court for that purpose, was a violation of the act of parliament made for the disposal thereof, and a manifest injustice done to the proprietors of that stock. The duke of Newcastle, in order to gain time, moved, that as the account was confused, and almost unintelligible, the present directors of the company might be ordered to lay before the house a further and more distinct account of the manner in which the money had been disposed. A violent contest ensued, in the course of which the house divided, and of fifty-seven peers who voted for the delay, forty-six were such as enjoyed preferment in the church, commissions in the army, or civil employments under the government. At length lord Bathurst waived his motion for that time; then the house ordered that the present and former directors of the South-Sea company, together with the late inspectors of their accounts, should attend and be examined. They were accordingly interrogated, and gave so little satisfaction, that lord Bathurst moved for a committee of inquiry; but the question being put, was carried in the negative: yet a very strong protest was entered by the lords in the opposition. The next subject of altercation was the bill for misapplying part of the produce of the sinking fund. It was attacked with all the force of argument, wit, and declamation, by the earl of Strafford, lords Bathurst and Carteret, and particularly by the earl of Chesterfield, who had by this time resigned his staff of lord-steward of the household, and renounced all connexion with the ministry. Lord Bathurst moved for a resolution, importing that, in the opinion of the house, the sinking fund ought for the future to be applied, in time of peace and public tranquillity, to the redemption of those taxes which were most prejudicial to the trade, most burdensome on the manufactures, and most oppressive on the poor of the nation. This motion was overruled, and the bill adopted by the majority. On the eleventh of June, the king gave the royal assent to the bills that were prepared, and closed the session with a speech, in which he took notice of the wicked endeavours that had been lately used to inflame the minds of the people by the most unjust misrepresentations.