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Rh of the delegation to give up all protection upon manufactures if the tax upon the food of the people were removed. Mr. Joseph Sturge showed that if the duty were abolished altogether, and the ports thrown open, our farmers would be able to compete with foreigners who would be subjected to the expenses of importation, in themselves a considerable protection to the home producers of corn. Lord Melbourne inquired what was the object of the delegation? Was it repeal, or a modification of the existing system? They replied that it was immediate repeal. "You know that to be impracticable," said his lordship. Mr. J. B. Smith said there was a most material objection to the continuance of the present system,—under the fluctuating scale of duties it was impossible to prevent sudden drains of gold, which were followed by a serious derangement of the currency, and other most injurious consequences to the monetary system of the country:—

"Lord Melbourne That's the truth; but the suddenness of a total repeal would never do. It would be followed by general discouragement throughout the kingdom, and be attended with the worst effects. I have decided objections, both in practice and theory, to a total repeal.

"Mr. Mark Philips briefly explained the difficulties to which the country had been exposed, and would continue to be exposed, from scarcities of grain, and showed that they would be avoided by the constant and regular trade which would be established under unrestricted importation. Foreign nations would then be enabled to calculate the probabilities of any deficiency of food in this country and make their preparations accordingly.

"Mr. J. B. Smiih said that Belgium, France, and Naples, had closed their ports against the transmission of grain to this country, and we should be constantly exposed to similar proceedings from other governments, unless there was the security of a regular demand.

"Lord Melbourne replied that the trade in corn never could be a regular one, depending as it did upon many and varied contingencies.

"Mr. Sturge observed that the greater the extent of the trade, and the wider the intercourse with other countries, the less would it be liable to the contingencies alluded to,