The other subjects handled in Parliament need no lengthened mention
here.
It is now certain that the Corn-law will after all be so modified as to admit Canadian corn according to the bargain which the Cana- dian Legislature understood Lord STANLEY to hint at. Among the papers laid upon the table of the House of Commons, is a despatch from Lord STANLEY IO Sir CHARLES BABOT, in which he invites further information, among other things, as to the possibility of pre- venting frauds : in fact, he carries on the negotiation in the sense attributed to his first despatch, on which the Canadians have acted; and which he avowed on Thursday, in explicit terms, to have been rightly interpreted. The contemplated modification of that " tem- porary" measure the Corn-law of 1842 is most important. The corn- producing powers of Upper Canada hare hitherto been checked; they will now feel the strongest possible stimulus : the facilities offered for grinding in Canada will bring into play the similar region within the United States adjoining the British province ; and a well-informed writer in the Colonial Gazette anticipates a supply limited only by the demand for it. As the seasons in the region about to be opened are very uniform, and as the price of its corn is likely to be correspondingly steady, a great element of steadiness a will be introduced into out own market : the price of our corn must range somewhere about the price of Canadian corn plus the pro- tective duty of 3s. on the Canadian frontier, and the cost of car- riage : should it fall lower, it will be relieved of the competition of
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that corn should it rise higher, the importation of St. "Lawrence corn will be stimulated. To the Colony there will be the benefits of increased profitable production, a newly-created carrying-trade, and a newly-created grinding-trade; all free gifts from the Mo-
ther-country. Corn-merchants and grinders are a less expensive army of occupation for the maintenance of British interests than troops of the line. Lord CAMPBELL has engaged a Select Committee of Peers to help him in framing a new libel law ; his speech, like all that ever preceded it, disclosing new beauties in that paragon of British institutions.
The Chancellor of the Exchequer has taken steps to indemnify the bone fide holders of the forged Exchequer Bills; acting in strict compliance with the recommendation of the Commissioners and the dictates of justice.
Thanks have been voted by both Houses to the forces whose victories procured the recent peace with China ; accompanied by panegyrics on Sir HENRY POTTINGER, whose not less valuable civil services are debarred from such a tribute by the old preference of military exploits to all others.
