§ Lord Wharncliffemoved the second reading of the Bills of Exchange continuance Bill.
§ Lord Monteagleobserved that there was no law which more required to be permanent. They now had an experience of six years, which ought to enable them to judge of the propriety of the measure. He had first introduced it, intending it to be permanent, and so he thought it ought now to be made. Whilst it continued the usury laws applied to nothing except securities on real estates, which were thus placed under a disadvantage when the rate of interest was high.
§ Lord Wharncliffethought they had not sufficient experience to say that this ought to be the permanent law of the country.
The Lord Chancellorobserved that by passing the bill now they would have two years and a half more to think about it.
§ Bill read a second time.