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Newspaper
Dublin Journal
Location
Dublin, Dublin, Ireland
Date
Jun 02, 1824
Page
1
Reports on clauses to restrict clerical pluralities and protect patronage. Goulburn argues for measured reform with safeguards. Newcastle, Newport discuss residence duties for clergy and potential impacts on benefices. Wheat clause seeks Canada exemption. mixed votes and further motions debated.
The Dublin assembly passed the local taxation bill after a third reading and approved the Marine Insurance bill by a large majority in a Friday night division. The debate touched vested rights and the freedom of the trade of infusing. Authorities favored balance between corporate and individual operation, noting banking as a corporate field and farming as suited to individuals. The text anticipates a future if a large farming company similar to the Austrian London venture would operate on a mass scale, prompting legislative obstacles.
Paris papers report letters from bankers denying any agreement to convert 140 million francs of Five per Cent stock into Three per Cents at 75 francs. They say no note was written or sent to the Commission and no one is authorized to act for them, while the minister lays out the four contract articles for conversion and treasury support.
A correspondent notes insurance in North America is cheaper than in Britain with incorporated companies charging one quarter to one third less for similar risks. The system, a broad commerce, allows firms to set rates, while insurance company stocks rise ahead of others as prices evolve.
Royal Dublin Society minutes show a Thursday meeting where a member moved to allocate 50 for premiums this year to encourage plait made from Adriah materials in imitation of Leghorn sash. Committees empowered to distribute funds and name advertisement. a chemistry committee was tasked to contact Mr Higging about mineralogical correspondence in New York with Mr Rogers.
The late election report shows Messrs Warren and Lamprey elected High Sheriffs after a late Monday vote. Warren and Lamprey stood in a close ballot with other candidates. Upon oath, Warren and Lamprey were confirmed, with each fined £500 for late attendance, the fines credited to the Corporation.
The week’s money shortage depresses the Funds with unprecedented scarcity on the Stock Exchange. Wealthy tier face pressure, while bankers withhold cash despite high offers. South American securities fall, while Spanish bonds rise as investors eye Bank of England relief and potential options abroad.
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