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Commercial Report. July 1, stiffness, the inferior, and the very inferior, are offered with too much readiness. On the whole, there is hut little business doing; and that, not much to the present advantage of the seller. Tobacco has experienced a few purchases lately, but they have been hut trivial, considered as a whole. Fish Oils are very heavy, and the

market very dull. Naval stores are at rather nominal than real prices. The Corn Market is slack; and should there come fine bright weather and sunshine, it will probably go lower. The expected Coronation absorbs all the attention of the fashionable world, and of those branches of internal trade which are connected with the influence of the fickle goddess. This has caused in some departments a suspension of activity, while, in others, it has created incalculable bustle and anxiety. We venture to foretell, from what little of the preparations we have seen, that considerable changes in the prevailing modes may be expected to prevail after the ceremony, not among the belles only, but also among the beaux.

To those who adhered to the long established maxim—“ as well be out of the world as out of the fashion,” this piece of intelligence may prove of consequence; and if the numerous visitants expected from all parts of Europe, should carry home with them a taste for the elegancies and fashions of our nation, we shall think the more highly of their discernment, and much the more proudly of British ingenuity, skill, and accomplishments.

SECOND REPORT OF THE COMMITTEE ON FOREIGN TRADE.

The Select Committee of the House Commons on the Foreign Trade of the Country, have made the following Second Report:—

“From the period of their submitting to the house their last report, the attention of your committee has been directed to the commerce of the United Kingdom with India and China, and the trade between those countries and other parts of the world. The advanced state of the public business, and the additional evidence yet to be received, before they can consider themselves as having completed their investigation into that branch of their inquiry, affords them no expectation of being able to produce a report, embracing a general view of the subject, in sufficient time to admit of any measure being founded upon it, and receiving the approbation of parliament, before the close of the session.

“It has, however, occurred to your committee, in the course of their inquiry, that there are some branches of the trade, in reference to which further facilities may be afforded, with great advantage to the interests of British commerce and navigation; and that such facilities cannot be delayed to a future year, without the risk of losing much of the beneficial results which, at the present time, may be expected from them. This impression is founded rather upon general principles, and circumstances of general notoriety, than upon any particular evidence adduced before your committee, however the tendency of that evidence may have been further to establish the expediency of the measures about to be proposed.

“ In adverting to the peculiar system of laws by which the trade of the East Indies is regulated, the house cannot but observe, that the subjects of foreign nations, whether European or American, are in possession of privileges far more extensive than those which are enjoyed by his Majesty’s subjects generally, and greater, as to many branches of circuitous and foreign trade, than have been accorded to the East India Company itself. To relieve the commerce and shipping of this country from a situation of such comparative disadvantage (for the continuance of which your committee can discover no sufficient reason) they feel the expediency of some measure, the principle of which may be to allow British subjects, as well private traders as the East India Company, to carry on every sort of traffic between India and foreign countries (with the exception of the trade in tea, and that with the United Kingdom and the British Colonies, with which they do not propose any interference) which foreigners are now capable of carrying on ; and have therefore come to the following resolution, which they submit to the house:—

“Resolved—That it is expedient to permit his Majesty’s subjects to carry on trade and traffic, directly and circuitously, between any ports within the limits of the East India Company’s charter (except the dominions of the Emperor of China), and any port or ports beyond the limits of the said charter, belonging to any state or countries in amity with his Majesty.

“May 16, 1821.”