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Bills Of Exchange (Second Bill)

Volume 48: debated on Friday 5 July 1839

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moved the Order of the Day for bringing up the Report of the Bills of Exchange Bill, No. 2.

Report brought up. On the question that it be read,

said, that it involved a proposition which he feared the House was not aware it contained. He took blame to himself for not having taken the sense of the House upon it on a former occasion, and he should now, if the House would support him, move the omission from it of the words "no contract or forbearance of any sums above 10l. sterling." The hon. Baronet concluded by moving the omission of the words "nor any contract for the loan or forbearance of money above 10l."

admitted the importance of the point to which the hon. Baronet had adverted, but he thought, that as the usury laws had been relaxed as far as bills of exchange at three months were concerned, it would be absurd now to leave out words which would render contracts sanctioned by the bill illegal. This was the effect which the proposition of the hon. Baronet would have. His opinion was, that the repeal of the usury laws would be an advantage; but it was expedient, at the same time, to preserve the exception contained in the bill for preventing imposition on the poor. He hoped the hon. Baronet would not persevere in his amendment, and that the House would agree to the report.

supported the amendment, and said, that when they were legislating for the commercial world, they should not forget all other interests.

The House divided on the original motion:—Ayes 92; Noes 11:—Majority 81.

List of the AYES.

Adam, AdmiralHector, C. J.
Aglionby, H. A.Hinde, J. H.
Archbold, R.Hobhouse, T. B.
Attwood, T.Hodgson, R.
Bailey, J.Hope, H. T.
Beamish, F. B.Hope, G. W.
Bernal, R.Hughes, W. B.
Blair, J.Hume, J.
Bolling, W.Hurt, F.
Bramston, T. W.Hutt, W.
Brocklehurst, J.Jervis, J.
Brotherton, J.Lascelles, hon. W. S.
Bruges, W. H. L.Lushington, C.
Burroughes, H. N.Macleod, R.
Busfeild, W.M'Taggart, J.
Callaghan, D.Martin, J.
Currie, R.Miles, P. W. S.
Dunbar, G. Morpeth,Lord Visct.
Eliot, LordMorris, D.
Elliot, hon. J. E.Muskett, G. A.
Ellis, W.O'Brien, W. S.
Evans, W.O'Connell, J.
Ferguson, Sir R. A.O'Connell, M. J.
Finch, F.O'Ferrall, R. M.
Gordon, B.Parker, R. T.
Gore, O. J. R.Pease, J.
Gore, O. W.Pechell, Captain
Grey, right hon. Sir C.Philips, M.
Hastie, A.Pigot, D. R.
Heathcoat, J.Pryse, P.

Redington, T. N.Strutt, E.
Reid, Sir J. R.Style, Sir C.
Rice, right hon. T. S.Talfourd, Mr. Sergt.
Roche, E. B.Thomson, rt. hn. C. P.
Roche, W.Thompson, Alderman
Russell, Lord J.Thornely, T.
Rutherfurd, rt. hon. A.Vigors, N. A.
Salwey, ColonelVivian, J. H.
Scholefield, J.Wallace, R.
Seymour, LordWarburton, H.
Sheil, R. L.Ward, H. G.
Sheppard, T.Wood, Sir M.
Smith, R. V.Wood, G. W.
Stanley, hon. E. J.Yates, J. A.
Steuart, R.Young, J.
Stewart, J.

TELLERS.

Stuart, W. V.Baring, F. T.
Stock, Dr.Parker, J.

List of the NOES.

Bradshaw, J.Lincoln, Earl of
Broadley, H.Rushbrooke, Colonel
Burrell, Sir C.Sibthorp, Colonel
Cole, Lord ViscountThomas, Colonel H.
Douglas, Sir C. E.

TELLERS.

Henniker, LordInglis, Sir R. H.
Knightley, Sir C.Darby, G.

Report agreed to.