be useless to dilate on errors contained in the enactments in detail of such a Bill. In conclusion, it may be noticed that the Bill assumes, that the gold coin of the realm is exported, when there is a demand for gold in any foreign country or countries so great as to turn Exchange to what is called against the United Kingdom. The Bill clearly assumes, such exportation of the gold coin of the realm,—because, as papermoney never is exported-if gold coin were also never exported, but gold bullion only,-it follows, as a necessary and inevitable consequence, that a circulating medium of paper-money and COIN— remaining or abiding continually within, and never quitting the realm,-could never, in any munner, be affected by Foreign exchanges operating upon bullion only. It would, perhaps, not be out of place here to show-that there is an easy and sure way to secure the gold coin of the realm from being ever melted or exported, in the same manner as the silver and copper coin of the realm are secured from being ever melted or exported,-simply by discontinuing to indulge the fancy of coining gold for nothing, at an enormous annual expense and loss to the public,—and imposing a seignorage at the mint on the coinage of gold, as well as on the coinage of silver and copper. It would be also easy to show that the opinion, or rather notion, of certain theorists, viz :—that to impose a seignorage on gold coin would be equivalent to debasing it, is an erroneous and unfounded opinionor notion. But it may be thought that too much has already here been said. If apology be due for this free, but, as it is hoped, and certainly as it has been intended, candid, temperate, and unbiased enquiry into the subject in question-the only apology which can be offered, and which it is hoped will be acceptedis the great importance of that subject to the public, and to almost every individual member of the commonwealth. London, 18th June, 1844. LONDON RICHARDS, PRINTER, 100, ST. MARTIN'S LANE ON THE RIGHT TO BE HEARD ON PETITIONS TO THE CROWN; AND THE CONTROL OF THE PRIVY COUNCIL (BY APPEAL) OVER INDIAN, COLONIAL, AND HOME AFFAIRS; With Cases and Acts of Parliament. BY S. BANNISTER, BARRISTER-AT-LAW; FORMERLY ATTORNEY-GENERAL OF NEW SOUTH WALES. "An appeal lies, of common right, to the superior."-Privy Council Case A D. 1706, from Lord King's MSS. SECOND EDITION. LONDON: EFFINGHAM WILSON, 18, BIS HOPSGATE STREET. |