§ SIR COLMAN O'LOGHLEN moved for leave to bring in a Bill to make Bank of England notes a legal tender in Ireland, and to authorize banks of issue in Ireland to make their notes payable only at the places in Ireland at which the account of gold and silver coin held by such bankers is taken by the Commissioners of Stamps and Taxes.
THE CHANCELLOR OF THE EXCHEQUERsaid, he did not desire to deprive the hon. Baronet of the opportunity of stating his views and laying his plans before the House. He agreed with him in thinking that there were certain circumstances in the present state of the law with respect to the circulation in Ireland which, upon the first fair opportunity, might attract the attention of Parliament. But he was bound to say, in order that no misunderstanding might arise with reference to the Government making the subject a matter of deliberation, that in his opinion it would not only be an innovation to make Bank of England notes a legal tender in Ireland, but he conceived there to be very strong and practical objections to a measure of 849 the kind. He only stated this in order that his hon. Friend need not be deceived as to the course which he, on the part of the Government, contemplated pursuing in reference to such a proposal.
§ Motion agreed to.
§ Bill considered in Committee.
§ (In the Committee.)
§ Resolved, That the Chairman be directed to move the House, that leave be given to bring in a Bill to make Bank of England Notes a legal tender in Ireland, and to authorize Banks of Issue in Ireland to make their Notes payable only at the places in Ireland at which the account of Gold and Silver Coin held by such Bankers is taken by the Commissioners of Stamps and Taxes.
§ House resumed.
§ Resolution reported:—Bill ordered to be brought in by Sir COLMAN O'LOGHLEN and Mr. O'BEIRNE.