The restoration of the currency, my Lords, has, in truth, but little to do with the distress of the country. Since the restoration of the currency, the revenue has risen to the amount which has been stated to your Lordships, notwithstanding the repeal of taxes to the amount of 27,000,000 l., since 1814. The fact is, that at the present moment, the revenue produces, in real currency, much more than it produced when the war was terminated. Is not that circumstance alone, I ask your Lordships, a proof of the increasing prosperity of the country? But, my Lords, I did not rest my argument on that fact only. Notwithstanding, there is, at present, much distress, still, in the last year, there was an increase of produce in every branch of manufacture, in every branch of industry, beyond what was apparent in the three preceding years. Under these circumstances, your Lordships must ascribe the distress of the country to something else, rather than to the alteration of the currency. My opinion is, that the people, during the lengthened war which existed previously to the peace of 1815--during that period, when there was an enormous expenditure--acquired habits which they cannot readily throw aside. During that time, any man, of whatever description of credit, could obtain money, or the semblance of money, to carry on any speculation. The people then employed a fictitious wealth; they proceeded on a system, which could not be continued, without mining and destroying the country; and that system having been destroyed, that fictitious wealth having been removed, they cannot immediately come down to those quiet habits, which are required from them under that state of things now prevailing in the empire. That, my Lords, is the real cause of the distress under which they are at present suffering. Besides, your Lordships will recollect, that the population of the country has enormously increased; and it should also be taken into the calculation, that the power of production by machinery has increased in an incalculable degree. As much can now be produced in one year, as formerly could be produced in five years; and the produce of one year now amounts to more than can be taken off our hands in a year and a half, or even two years. Distress, therefore, has occurred, notwithstanding that the utmost exertions have been made to repel it; and notwithstanding the great and general prosperity of trade throughout the world. My Lords, the plain fact is, that owing to the alterations of trade--a great demand at one time, and a want of demand at another--the manufacturers, and those engaged in commercial pursuits, must sustain considerable distress at different periods. It has been recommended as a remedy, that Government should go back to the system of the circulation of the notes. Now, my Lords, with respect to the one-pound bank notes--it will be well to recollect what has been the proceeding of Parliament on that subject. In 1826, Parliament having seen the facility