Star. — London, England, 1805-02-19 00:00:00

the terms of which I have this day concluded, tub- Jed to the approbation of this Houle. _ . The termsare, for every tool. fubfcribed. 1501.1 three per cents. and sal. reduced, making in all 5721. flock for every tool. It is extremely fatisfattory to find, that, notwithitanding the Loan of this year is twice the amount of that of left year, the terms are confiderably more advantageous for the public. The Stock created laf year was for every tool. 1821. 1 1 Stock. being an interelt of yl. 3s. ad. or 6s. lefs for the prefent loan than the interefl for every tool. tall year. The ufual difcount of 5 per cent, on prompt p a ym e nt is allowed. With rderettce to the price of Stocks of Saturday, it will be found that the bonus to the Suhfcribers is only 31. is. 4d. and yet, advantage ous as this bargain is for the public, I am happy to think that h promifes to be equally Co to the Contrac tors ; a circumllance which, when the public intereft in the tranfadion is fairly prelerved, cannot fail to be the fubjed of fatisfalion to all. This favourable Rate of things, this undeniable proof of the high Rate of the public credit, is to be imputed to the general pro. Amity of the country, to the firm opinion of its fe curity, to the wifdom of thole meafures which Par. liament has adopted to prevent the exceffive accumu lation of the national debt, and to the operation of the Sinking Fund, the force of which is now fo power- fully felt, and which, if we perfill in the fame courfe, mug fo rapidly proceed in clearing off the incumbran ces of the public. MAW TI IS. It remains for me to (fate the mode in which it is propofed to provide the interen fat the Loan, The whole animal charges, including the 1 per cent. Sink ing Fund, will be 1,376,0001. and 15,0001. charge of management. There may be requifite, alto, for the payment of intereft of fuck part of the Loan as it may be necerary to borrow money to pay off, mak ing. in all, the (urn of 1,537,0001. for which new taxes mull be impofed. The firft article, then, which I prorate, is that a penny Stall be laid on all tangle letters, that is a penny for a tangle letter, and two-pence for a double letter, and fa on ; likewife an addition of a penny on two penny poll letters when they go a certain diftance from town. LITTIRI. Upon the had of the Port Office. from the belt data that can be obtained. I calculate that there will be t o • rtiZsboo CA LT. The next article Is that of Salt, to she tax on which of tos. it is preyofed to add so. more. This I calcu late to produce - . 19 0 .0 0 0 In the on:fent cireumitanees it will be adviratle to lay 6d per builiel on Exportation to Foreign pasta.•••• This will give - . Booxo HORS'S. propek nett to by an additional duty of t-stk taa Hodes kept for plenfore ; the prefent tax being aos. the additional win be eight mote, and fo upon twerp Hock, which will give 110,0 X) Welt on Harks employed in Hufbandry, It is pro. cored to raife the prefent tax of 1 14. 61 to sou which take u - jsoArao II et this not to silly to the Horfe which the Fanner urea In going to market, Ste. LIC•Ci Kt. Z next propok, that for the Sri dm. a tat &bald be impofed an Legacies In dint% fucceffion, to the amount ally stone per cent. The amount of this tai It k not can , to Calculate. It appears from the Begin, r that the anwitot of property on which Pro bates of Wills are taken out amounts to 30,0ce,0001. a year, Of Which Sr. millions soy be clouded for debts, and Sue more are bequeathed in collateral (becalm It wIU not be tuo much to efUrrate the produce of that part of the remaining twenty mil lions which goes in dived (until* at - wpm° le is likewlfe to (apply an oedffion is the Tax upon on Land, by fableaing to the Tax Allowances ariflng out of Landorbkh certainly are in the tarns of pedalo/ Legacies, and this eh/- mated at loootoo I propofe nett to calk the Tax on Legacies to abfolote Straws to Blood, which now pay eight per cent. to tau per cent. whisk will produce - - • 30,c00 Total ijilLsoo Being twenty thoufattd more than the amount of intereft required. Having enumerated the various items, he concluded with fayinp, that he would de tain the Committee no longer than merely while he pcinted out the flattering view of the financial fitua tion of the country, which this Ratenient afforded. In the third year of a war following fo foon a long and espenfive conteß, we were enabled to raife the (applies on comparatively more favourable terms thin at the middle of tag war. We had rot only provided the means of maintaining the confliet our (elves, but were likewife prepared to make a manly, generous, and decifive effort, for the independence of Europe, should other nations be difpofcd to el.. operate in fo Honourable a deign. He then moved' the different Refolutions. As foon as the firft Repletion rape/flog the terms of the Loan was put from the Chair, Mr. FOX role to offer a few obfervations on what had fallen from the Right Honourable Gentleman in his opening fpecch. The Right Hon. Gentleman when alluding to the fubjed of our connections with the Continent, had Hated that there was no differ ence of opinion as to the policy of attaching our felves to tome of the leading Continental Powers.— To that propofition generally Rated, he certainly bad no fort of °Nation, but certainly he could not (of fer a general admitGon to be confleued into an opi nion of the policy or expediency of any Windy for procuring Continental aid. On that fubjed he at Indent had no with to offer an opinion, but he could not help alluding to the novel manner in which the Right Honourable Gentleman walled the Ways and Means to be voted. The regular way foxily was for the Houfe firft to decide on the policy of any fitiaridy to be given, as well as its amount, before any fpeci fic turn was voted for that purpofe. Here, however, the Houfe Teemed proceeding on different grounds, by firft agreeing to a particular turn for the cpecific Oita of a Continental Subfidy, withont having been permitted to form any opinion of the time at which the fubficly was to be afforded, or the manner in which it was to be applied. If afterwards any quellion arofe on there points, it might be attempted to be argued, that all future difeuflion was preclud• ed ; and it was with the view of providing againft 'ny fuch affuniption that he felt it his duty to rife on the prefent occafion. He had no objedion to have the turn of five millions in the mean time voted for, hot he begged it to be clearly underftood, that with Tripe& to the policy of a Continental &shady, the extent to which it might be carried, or the manner in which it was to be applied, he confidered himfelf ss at perk& liberty to offer his fentiments at length whenever the matter timid be regularly brought • fore the Hoare, Ike thou t it teeerary to make I this declaration, though he had no reafon to think, that in alluding to the queflion of Continental Cub& dies, the Right Hon. Gentleman willed to take the Houle by furprize. Having difpored of this preli minary queflion, that Honourable Gentleman next adverted to the new taxes meant to be impofed. As to the tax on agricultural horfes, he confelfed that he felt a confiderable degree of alarm. Every one ac quainted with agricultural affairs knew that this tax, even as it now flood, was found to be highly op preffive, and he was Cure that tile propofed addition would be cotaidered a very ferious burden by thole molt ferioufly concerned . tie therefore had a prong oblation to this addition. He had an equal objec tion to the propufed tax on Salt, but he would re terve his obfervations on the fubjat to that period %sheathe matter came to be fully dilcuffed. In the mean time, he could not help rcmarking that of the taxes mentioned, with the exception of that on fah, none were on articles of confumption. It would not be denied that the poffibility of taxing articles of eonfumption, was the bell criterion 9f the powers of a nation to fuftain public burdens.. He difliked the idea of relinquinsing this mode of taxation, as it feemed to indicate that we were in a lunation far more reduced than he could bring himfelf to believe. He was Corry, too, for the addition to the Property Tax. His great objeCtion, both to the Inconie Tax, as well as the Property Tax, was, that it afforded too groat facility for augmentation, and that it was impoffible to fay where its operation would tetmi nate. If now it was increafed 35 per cent. it might Coon be doubled or tripled. In fisort, by a gradual procels, the people might, under the form of a Pro. perty Tax, be deprived of almost all they poffeffed. It was to be kept in view, at the fame time, that the property tax was very unequally levied. So far as it affated property in land, the afreffinents might be pretty fairly arranged, but this would not hold with refpat to commercial profits, to which no fatisfaflory mode of affeffment could be applied. The danger was, alio, that if the property tax were long conti nued, it might come to be confidcred as a perma• neat land tax, and voted anntt illy on fimilar princi ples. If the old anode of taxing articles of confump don was to be abandoned, and income was directly to be attacked, it was impoffible to fay to what limits it might be carried.. At prelim it was confined to income, but it was not eafy to fay how form even ca pital might be invaded. It was a matter of the ut• moo confequence to have it underliood that it fhould not be augmented beyond a certain amount. It would afford great fatisfaaion to the country to know that it fhould in no cafe be augmented beyond the half of its prefent amount. People would pay the tax with the greaten fatisfation if they knew that it was to have a determinate period. The CHANCELLOR of the EXCHEQ, tER al lured the Hon. Gentleman and the Houle that he en tertained not the (lighten idea of wifhing the Houle to exprefs any opinion as to the policy of Continental fubfidies. He was aware that the fuhjed would re main fully open to future difeuffion when the period for that difculhon arrived. Theh every Honourable Gentleman would have a full opportunity of expref fing his fentiments fully, both as to the circumnances under which a fubfidy was prnpofed to be given, the amount of that fubfidy, and the particular Manner in which it was to be applied. But though he allowed that the fubjea was open for fair difcuffion, he cer tainly had felt it his duty not to defer bringing for ward the Ways and Means for the year. He had many reafons for avoiding this delay. It was, in the firft place, proper that when a fubjet) of this impor. Lance was produced, it Ihould meet with full confi deration, and therefore it was not politic to bring it forward Ma very late period of the Seflion. It was alto proper to have it early brought forward, becaufa by delaying the Loan to a late period, the public was a (utterer, from the mode in which the intereft was to be defrayed. As to the propofed tares he had to offer a few obfervations. The Honourable Member had objefled that the taxes were to operate directly, inflead of being laid on articles of confumption. The Honourable Gentleman would not however deny that fah was an article of confituiption, and one too of a very ferious defcription. The fame oblervation would apply to honks employed in agriculture, and though the tax on the poll office was not actually on an Arti cle of confumption, it was an article of convenience, and therefore fell under the rime general principle. Here then the Houlewould perceive that of the whole Cum to be railed to cover the intereft of the Loan, no leis than eleven hundred thoufand pounds were on articles ofconfumption or convenience. With re frsea to the property tax, he could not admit that the Honourable Gentleman's remarks were founded in truth. If the tax was found fuch as the fubjea could pay, he law no reafon why it Should not, like other taxes, be augmented. He was confident the more the produltivenefs of this tax was fludied, the more would its effels be experienced. When he had fire introduced the income tax he had taker. the Cum total of the rental of the kingdom at twenty.five•millions. The operation of this bill had however proved that the real amount was notlefs than thirty four millions, and affeffinents to that extent had been farmed.— There was nn evidence whatever, that the commer cial part of the kingdom did not pay their fair pro portion : on the contrary, the affeffments on this part of the public property, (hewed a fair and very extenfive payment of the tax. Mr. FOX.—" I rife, Sir, to offer one word in ex planation, relative to what fell from the Honourable Gentleman. The Honortrable Gentleman lays, that my nbjelion to the property tax would hold equally as to all taxes. Brit, Sir, fuppole you increafe the horfe tax, it would limit itfelf, becaufe men would difore holies as the tax grew unbearable but here is no limit but that of a man's whole property. I am fore you will not make me pay on my tea or my wine what you pleafe, for if you oblige me to pay now, you (hall not make me pay again-1 will difufe both tea and wine. On the fyftem of the Right Honour. able Gentleman, however, we may go on adding to the taxes on property, till, by little and little, you come to take the whole property of the country. It is remarkable how human nature is made on this fubjeft. Gradually, the whole of a man's means may be taken from hins,whilft at every pane blind ly Suffers himfelf to be minded with ibe tale, that it is only a very trivial addition to what was taken be fore. I remember a Rory in an old book that I have, met with, that illuilrates this fabjeft. A wools, had a gays lake sow, that sossimitedlr calved. 21. calf became new& the obje& of the rood woman's affeetions. So fond was (he of this ealt, that the ufed to take him. when young, in her arms, perhaps two or three times in the day, till by degrees, and from the frequency of ufe, the acquired the method of dcing fo when he was grown a fat ox. Now, Sir, with refpeft to the tax on property. though, for a time the people of this country may bear their calf, yet when the time comes that it is grown a fat beak I doubt much whether they will be able by little and little to bear him." The CHANCELLOR of the EXCHEQUER.— " In order farther to produce th e con f equence t h e Gentleman fpeaks of, we mull go on ninety-four years with the swat !" Mr. FOX.— , O And if you do, 1 know that you will not leifen it t fo that the country will, in the end, not be able to fupply one grain of provender for the calf." [The Houfe, during the latter part of this conver ration, was in a roar of laughter.] ' The lima' Refolutions were now put, agreed to, and the Report ordered to be received to-moriow and the Committee to fit again on Friday next.—Ad journed. LONDON. TUESDAY. FEBRUARY 19. PRICE OF STOCKS THIS DAY Al' ONE O'CLOCK' Confab, for money, 51111-4 or Feb. sB4-for April, 59f 01111111117144 prem. PRICE OF STOCKS YESTERDAY: per C. Red. Ann. 594 tB l 59t Short Ann. a t t-t6th 3 per Cent. Conf. 59* 58iff India Bond" as. a at, dt 4 per Cent. 764 77 I imp . An.:. 9 9•16 i 5 per Cent. Navy EA go Exclieg. Bill., par It dlr. Bank L. Ann. 174 9.16;4 Conf. for acc. 59 58; 59 5811 A cartel from Morlaix arrived at Plymouth on Sa turday, and returned on the fain day. She brought a great number of letters, which were immediately fent off to town. They are all from our countrymen detained in France, and the greater pad of them were laft night forwarded by the General Polt to different parts of the country. As this Paper was going to prefs, French papers to the toth cattle to hand. We have only time to gate, that on the 7th the Confervative Senate, on a report from its Committee, decreed that thanks fhoutd be returned to Boma- Parrs for his communication refpefting the corre fpondence between the Governments of France and England on the fubjeft of a pacification. The addrsfs is fuch as might be expefted, and contains affurances of the fupport of the people and army, &c. &c. There papers alfo (hate, that five gun boats and two pinnaces going from Calais to Boulogne, were attacked on the 6th :)y an Eng Las frigate, and ten brigs and corvettes—which they beat off! ! The Ctiaatot.t.oll of the Excuttossa laft night opened the Budget. The new 'l'azes are— Fidt, as an addition to the war Taxes, is per Cent. on the P►operty Tax . - Z.t 050,030 PIRMANIMT. Addition to the Poft-Olice of td. per letter Salt sr. In addition to the prefent tcs. on interior confnmption On ditto exported 6d. per butbel Ou Pleafure Hoge., Bs. additional on each On Hufbandsy ditso, advance from t se. 6d. to - 530,p00 • 49 0 0:00 - Same . zio,oool 204. each - On Matt Legacies On Legacies from Land Oa Legacies to Strangers in Blood 320,00 200000 100,000 30000 £.1,710,000 Fite millions are provided for Foreign Subfidies, though the CHANCILLOII/ of the EXCHIQSIIIL did not (late with perfea confidence that they would be ac cepted. Yeiletday morning the three parties, namely, Meff. A. and B. GoLos m to, Mars CURTIS and Co. Tit a 1.- suscom s and Co. &c. &e. and Sir Faascts BALING, &c. &c. who had made Lilts for the Loan, waited on the Chancellor of the Exchequer in Downing arm. They were introduced to him at a quarter before eleven o'clock. He was attended by the Go vernor and Deputy• Governor of the flank. The Gentlemen delivered is their Pealed letters, which were focceifively opened, and it was found that they all contained the fame offer. namely, sal. of 3 per cents. reduced. Mr. Prrs obferved, that it was a Strange coincidence, but he was perfealy fatisfied. Mr. Aaaawaw GOLDSIIID Paid, that they had un doubtedly coalefced, and by fo doing they had been able to offer much more advantageous terms for the public, than either of them could have ventured to offer tingly. Mr. PITT declared himfelf molt perfeelly fatisfied, and the three parties were declared to be the contra fors. He took occafinn to fay again, that if the holders of Loyalty, who had given notice of their determination to claim payment, Should, on the t 3th of March, recedes to demand money inliead of accept. ing the alternative that had been held out to them, then he Should give to thefe ContraElors the preference of taking the loan on thefe terms. But he forefaw, from the united Strength of the parties who had taken the loan, that the price on the t3th March, would be fuch as to make it advantageous for the holden of Loyalty to take the alternative. The terms of the Loan are as follows : For every tool. fubfcribed. they take-.- isol. of Three per Cents. Coatis. at 11l is 37 11 9 ask 'Wawa at 59 is 21 19 7 And at Intereft am the loitahnento 3 0 CIO; 1 4 The dilcoont to thee who pay op the whole is equal to 41. ts. ad. which makes raft. sgs. 6d. f or every tool. fubfcribed. It gives to the monied man, however, the farther allowance of the prope r ty t ax . _ _ After the Lnan was contraEled for, the fir( lot fold yielded a profit of +per Cent.; it foon increafed to 51, sad bare that premium at the clofe of the market. For the Details of the Supplies and Ways and Means we Inuit refer to Mr. Pyrr's Sp ee ch, as accii may reputed in theprecoding columns. NAUTICAL TIIIELLIGENCE. MAILS THIS DAY...-Wind N. E. AM DOZ. 1 1 I Hamburgh 0 s Lithos Dublin . Waterford •tt. DOlt. O $ O 0 FALMOUTH, Fes. t6.—Arrived the LILLY floop of war, and the Calming armed brig, from the Eaft ward ; alfo two French gun•boats, part of the fleet captured by the MILAMPUS frigate, Coas•Ltcr gun brig, &c. as advifed in my laft. The Asataout floop of war, has detained and brought is here, a floop and a fchooner belonging to Galway, both laden with tobacco, fpirits, &e. Wind S. E. Ps retool. FIB. 17.—Came in a lugger gun-boat, with one long 32 pounder gun, being one of thofe taken by the MILAMPUS and others, as Rated yeller day; the Jeffe, of Norfolk, JONATHAN Ds Filets Matter, from Bnurdeaux, with wheat and flour, bound to Cadiz, detained by the NAIAD, of 38 guns, and HAZARD, of 18 guns; the Edler, of Hamburgb, from Bourdeaux, for Lilbon, with wheat, detained by the NAIAD, of 38 guns; the BRITANNIA, of Ito guns, the TEMBILAIRR, of 98, and the Mats, of 74, from the Channel Fleet; alfo the De Jonge, Guars. BART, from Marens, to Bilboa, with wheat, detained by the COLTOYS fehooner. PORTSMOUTH, Psi. Ill.—Arrived the Carmarthen outward-bound Eaf Indiaman from the Downs.— Wind Eaflerly. DIAL, Pas. 28.-. Came down from Sheernefs the OR k sras (loop of war, and remains in the Downs with the reit of the fhips as per laft.—Wind E. S. E. blows hard. In Standgate Creek, the Seyen, —, front Valenti& At Peed. mouth, Hero,Callahan, from Dublin. At Plymouth, Swallow. Brady, from Lifbon. At Falmouth, Hart, Rowe, from Litboa. At Liveriool, Mary Ann, Thompfon, from Barbadoes ; and the Comet, M•Nell,frons New Orleans. At Dublin, Mary, Patterfoo, from London. At Cadis,Cooreption, Acta, from London. At Oporto, 8en0122, Mentor, from Dublin. At Lifbon, Thereto, --, from Liverpool; Mary. Dem, from Newfoundland ; Gut toff, —; and Naar de Lopez, --, from Cork. At Barba• does, Aurora, Anfell ; and Mho, Paddy, from Cork. At St. Thomas's, Crown Me, Crunpbell,f.oen Clyde. At Demerara, De• merara, Inglidt, from Clyde; Ceres. Benefield, from London ; and the Duke of Kent, Douglas, from Liverpool At Berhke, Tho mas, • Witten, from Liverpool. At Andros, Eliza, Moor, front Lancafter; Hamilton, Hurifon ; Rhodia, Dawfon; Bryan, Dunn ; and the Weft Indian, Drew, from the Catit of Africa. At Suri nam, Mars, White; and the William, —, from the co:ft of Africa...At Scilly, the St. Patrick, Campbel, from Belfaft. At Swanks, Crawford, Luithman, from Jamaica. At Clyde, Rouen, Holly, from ditto. At Belfaft , Barbara and Ifsbella, --bona I ditto. At Hull, John and Ctuuiotte Robfoo, from Memel. At Surinam, Portfea, from PortfMonth. Three more veCels belonging to the homeward bound Jamaica fleet have arrived, one at Belfalt, and two at Cork. The Three Friends, M'lCenzie, from Newfound. land for Barbadoes, is captured and carried into Guadaloupe. The Vigilance, Ha rr t Has , for Liverpool, an I the Eliza, Hausa, for Dublin, which failed from We:- ford oo the sth inR. are both loft to a revere gale of ; wind, in endeavouring to make Dublin Harbour ; the Captain and crews unfortunately perithed. Yellerday his Mayarrt accompanied by Count MINSTER, Generals FITZROY and MANNERS, review cd the Oxford Blues in Windfor Great Park. Lord Datitarts has been deified for the Borough of St. Michael's, in Cornwall, in the room of Mr. DALLAS, appointed Chief Jolliet of Chekr. The Earl of Moarom bas been rechofen Vice-Pre. fident of the Royal Society. There was no Court of Aldermen to-day. The Loan Maros', after infpeding the returns, ordered btead to remain at laft week's price. On Saturday was baptized, by the Rev. Mr. Hon sow at the Duke of Somsasar's houfe in Piccadilly, his Grace's infant's Con : the Sponfors were, the Earl of PIMBRORI, Lord Boalacoom, and Lady FtN- Ca.TLe f alfo were prefent the Marquis of Dou °Las, Lord F,wcasrLa, and Lady BORINGDOM. COVENT attosm.•—Lalt night Mrs. INICHZALD'S new Comedy of To Marry, or not to Marry, was aded a fecond time, and again received with univerfli ap plaufe. It appeared rather more lively than before, from Tome judicious curtailments. and from the performers being more at home in their refpec iive parts. Miff SHUTTLIWOLTH having overcome her timidity, gave farther proofs of her talents, and we doubt not, will Coon become a favourite with the public. KEDIELR'S Sir Ofmyn is an admirable piece of, ailing. The Houfe was crowded. The laft advice. from Bombay, dated in Augull, mention the junaion of Colonel Mewsow's detach• ment from Bengal, with the Bombay army under Colonel MURRAY at Ougene, the capital of Scindia's dominions, where the latter had been Rationed dur ing the rains. On gene is only a Ihort diflance from Indore, the capital of Holkar's dominions. A pri vate letter fays, the prefent war with Holkar does not promife to bear any affinity to the late one with Scindia. Colonel MURRAY'S army have found at Ougene abundant fupplies of every thing bnt beef. —lt is reported, that Colonel Mowsom's detachment had found a good deal of treafure in the fort they took. A curious report has reached Bombay, that Holkar is Co much afraid of afradination, that he had 30 one•eyed men, all babited like himfelf, who con. Randy attend him, even in his chamber. Piece your finger on Asvi.sy's Nra, Poeiet Mop of Europe, at the word London' direct the eye to any Town or City, and the difiance is Engh(h miles will manifefily appear, not only from London, but like. wife the pofitive dillance from Town to Town, through Europe. This elaborate work has a great fale, particularly in all the fca port towns. The Ar. my, Navy, &c. are firongly and moll refpeettully fo. licked to purchafe this ado( Kip, prior to embar. kation.—Sold by the Publifher, S. Creed, No. a, near the Theatre, Weßminfler BriJge ; and by all. the Bookfellers, price only Two Shillings and Sit pence. Of whom may be had, ASTLIY'S Paoyscra, in the general management of the Horfe, price A work tending to prevent dreadful accidents I and otherways of the higheft importance a the public in general. 1'