Star. — London, England, 1830-03-16 00:00:00

i ity upon it, I should feel justified in taking the esti mate of last year as a guide for this ; but I rather took the side of prudence in the circulation, and have set it it down as being likely to be 24,000/. less than it was last year. Many very able and intelligent men, con versant with all sources of the public revenue, and who have watched the operation of these taxes for a series of years, have calculated that the produce of the revenue will fully equal that of last year; but I have taken my own estimate, which is lower, and there tire safer. I own that, looking .at the returns w hich have laid upon the table from the corn niencement of the present year, there ap pears a defalcation in this revenue, as compared with 1829, of no less than 340,000/. But this, I think, may be accounted for by the severity of the weather within the latter period, which acted most prejudicially upon the revenue, since it must, of necessity, have pre vented many of those operations to which the revenue is so much indebted. On the other hand, I have been assured that, since the disappearance of the severe wea ther, the operations to which I allude have been renew ed, and there is every prospect of their being productive of considerable advantage to the revenue at no distant period. I have the satisfaction also to state, that I do not think the defalcations are of a nature to produce much alarm to Gentlemen in this House. (cheers.) The excise I take at 19,700,000/. The stamp duty last year amounted to within 1,000/. of what I now calculate it. As contrasted with the return of the antecedent year, however, there was an apparent defalcation, and being for that reason diminished, I shall take the amount this year at 7,100,000/. being 1,000/. less than last rear. With respect to the Assessed Taxes, I take them, for the same reasons that I have stated, at the same as last year ; for I find that for two 'succeeding years, and, indeed, for a series of successive years, the amount has been rather increased t' an diminished ; and observing too, from the returns of the articles of luxury, - Which these taxes affect, that, notwithstanding the difficulties of the times, they have increased, I think myself right in taking 4.900,000/. which is within 4,0001. of the esti mate of last year, as the probable amount of the present. In the returns of the Post- office, for the same reason, I look forward also to an increase of 20,0001. which is to be hoped for from an increased activity to be given to the establishment, and a diminution of the charges. The Post-office, then, I take at 1,500,000/. which is 20,000/. more than it was estimated at last year. In the smaller branches of revenue, they have, for many rears, varied so little, that I think I may take them at ' the estimate of last rear—namely, 200,0001. The other sources of revenue, the miscellaneous branches—such as unclaimed dividends, &c. I calculate at less than last year, because, in the course of last year, a sum of 70,0001. was paid into the Consolidated Fund of Ire land, as Exchequer fees, which had long before been unprovided for. This I, of course, omit the present year. Notwithstanding this, however, I think I shall iv making a fair calculation of this branch of the reve nue by taking it at 280,000/. Under all these circum stances, I think the net amount of the income of the coun try, the deductions being subtracted, will be 50,486,0001. And this brings me to a statement of what will be the probable expenditure of the country, and the necessity of providing for the deficiencies to be created by these reductions. The first and main point is the debt, which we were under obligation to pay. The interest upon that and the permanent debt of the country I estimate at 25,670,000/. Comparing this with the amount paid in former years, Gentlemen will be struck with the circum stance of the little difference which there will be found between the two amounts, but the moneyed operations of the last year would give a material alteration. The Com mittee recollected that, in the course of last Session, by the funding of Exchequer bills, an addition was made to the permanent debt of the country to a considerable amount, and. therefore, if any diminished charge arising out of the interest of the debt, was expected it was to be looked for wider the head of " Unfunded Debt." To these was to be added the amount of annuities which had been created for ' given periods, and which would be terminable at given times, I have brought together, in this paper, all the portions of those debts which ate every year working their own extinction, by which I mean assignable annuities, the termination of which depends upon the lapse of years, the lime; of parties, &c. the buying up of interests, &c. the cliarge upon which, for the present year, I estimate at 2,629,000 f. The interest upon Exchequer Bills is 7,;0,000/. but, without fatiguing the Committee, by going through all the items, I will state that the whole 'Large of the debt is, in round numbers, 29,900,000/. Then come we to the next head of the expenditure, the Civil List, Pensions, and Miscellaneous charges. These I calculate at less than last year; and taking into account the large diminution which has been made in the expen diture, Irate them at 2,129,0001. With respect to the Army, Navy, and Ordnance,—those branches of the pc`)lic service which have been already voted—the very full discussion ehich has been had upon them eaves me the trouble of going into detail upon them, or of tuting the groun d s o f t h e re d uct i ons wh i c h have already taken place. These will be fully apparent upon the face of the Estimates which have been lair before the House. They present a reduction fur the present year, as compared with the lust, of 1,0-18,743/. and I, therefore, take these charges alto gether at 16,585,0001 the sum Which I shell want for the A rmy,Navy, Orndance,and Miscellaneous Services of the rear.—(Hear, hear.) The total amount then, of the per manent expenditure, for which we shall be called upon to vote the supplies this year is 47,812,000/. leaving, as com pat!Lt with the estimates of the net revenue,4 clear surplus %Lich I estimate at 2,667,0001. And, whereas in esti mating the surplus of former years, it was to be always 'atom as clogged with the payment of annuities, which *eru now charged upon it this year for the first tints; tiia surplus stated was a real excess of income over espanditure, free front those incutnbrances which here tofore belonged to it,—( Hear.) But, besides 'thi s :peplos, I calculate that there will be a further stmeto oe. obtained, the amount of which is; however, as Yet undetermined, but which it trill be my duty to ascer tain by the propositions of some measures that I shall repose at no distant period to the home. The subject to wlech I shall allude is the stamp duty. The committee i 3 aware that Goverment have long been called upon, 'tad have themselves long felt and acknowledged the ne cessity of s u bj ect i ng the consolidation and rev i e i on • o f he complicated system of laws relating to the ollec tiou el taa" in this country and in Ireland to Inquiry by a committee of this house. The preliminary steps necessary to such a proceeding have been already taken ; and the labours of Government are so far advanced; that the subject is ripe for inquiry, g reP°Pt having been agreed to only during the last summer 'recess, which sill be duly presented to Parliament. lam happy to be able to say, that upon un early day I shall be in a condi um to explain the r c iansis which are contemplated in tkis department, contenting myself Sur r the present by 'Wing that the object is to assimilate the coHes:tion of the dity iu the different parts of the United ki ng d om ; to sake the various collections radiate upon the Stamp- ewri ext tn•niinn' li%ei of charge at '2,62 7, - .)0,00( going tl 'Large Then el Civil L I chcti leri tliture, Army, full di r::e th stating already upon kuj be fvr the I ,048,' gather Army, year.— inanen vutu tt pared‘ which slatins taL‘at tVe7u I st, expani tofore • ia''plu rat un taitl Propos which is 3 %1 and k cessio the cu tiou by e, nem& and ti the St 3 e:reel ti 11.)12 t c (I t ohy Uhl office in this country as head-quarters; to give to that office the whole and sole control of the department; and, as a necessary purpose towards the improvement of the revenue, to make the consolidation apply to the assimi lating the prices of stamps upon the same articles in all I parts of the United Kingdom. This measure, though not intended as such, will act in augmentation of the tax, and consequently produce an increase of revenue; be sides that it will introduce a desirable uniformity into this department; for at present the duties paid upon articles which affect the property of the country is, in Ireland, in some respects, materially different from this country—a distinction which I confess myself Ido not think defensible. As a' necessary: consequence of a consolidation of the collection of these duties must be the assimilation of the charges, for it could not be borne that under the same management of the same class of stamps would be charged at one price in one part of the United Kingdom, and at another in another, and it will be therefore the great object of this measure to regulate and consolidate the iwhole of the laws relating to stamps, and with a view to the equalization of the tax upon them throughout the United Kingdom. I should upon this occasion estimate the increase which I expect to accrue' from this head of revenue at 110,0001. but upon that score, as I said before, I must refer the Committeee to a future occasion for explanation. It will be also, Sir, my duty to place in your hands a resolution for the regulation of another trade, which will now claim more consideration than it has done hitherto. It will re late to that of spirits ; upon which it is proposed, by this resolution, to impose an additional duty—this being in tended to apply to spirits of all descriptions. (Loud cheers.) The House cannot have forgotten the grounds upon which these duties were originally reduced to the amount at which they now are. Those grounds were, mainly the prevention of smuggling. (Hear.) This the remission of duties succeeded in accomplishing in a great degree ; but, on the other hand, the cheapening spirits acted most mischievously upon the morals and man ners of the people. (Hear, hear.) In Ireland, particu larly, the prevention of smuggling was a main reason for lowering the duties ; another being to rescue the spirit duties from the opprobrium which attached to them, as well as to discourage illicit distillation in the great extent to which it had been carried on. But, while these objects were plain enough as the reasons for lowering the duties on spirits, it is no less certain—and it is impossible to read the Reports without perceiving it—that, though the duties were so lowered, at first, as to morally ex tinguish smuggling ; yet, when that system was once completely got under, it was the undoubted intention of Parliament to raise the standard of duty as soon as it could be done without danger of causing a return to smuggling.—(Hear.) I have been thus particular in mentioning these matters, because I am aware that, if we lay on a serious augmentation to those duties, we may run into the very evil which, from the first, we wanted to provide against, and unknowingly revive smuggling. I therefore do not propose upon this occasion, to add more to the duty raid upon spirits in Ireland and Scotland than 2d a gallon, raising it from 2s 10d to 3s, a sum which I am told by those best informed, will not be large enough to encourage private distillation, or to revive smuggling establishments which have been demolished, but yet will operate so beneficially upon the produce of spirits in those countries as to contract the consumption of the spirits (an end desirable to be obtained), without prejudicing the re venue—(Cheers.) With respectto England, where the risk and danger of illicit distillation are not so great, and where there is therefore less to warn us off an increase of the spirit duty, I shall propose an increase, less, however with a view of deriving more revenue from it, than to guard against the danger of any proceedings being adopted here, which might tend to defeat our intentions in the other parts of the United •Kingdom ; but that increase shall not be larger in proportion than that of Ireland and Scotland. Here I propbse to add one shilling a gallon to the spirit duty, making that Bs. which was before 7s. This stan dard, I have been assured by those best informed upon the subject, will not act as an encouragement to smug gling, and will at the same time, be beneficial to the revenue. The amount Which I calculate I shall gain by this addition to the spirit duties is 330,0001. The reduction of the revenue by the abolition of the taxes on Beer, Leather, and Cyder, will be less than one million a wear, which will be met by the measures I propose. Some hon. members may find this surplus short of their wishes, and others may wish further re duction of taxation; but I apprehend that the surplus will be found sufficient to guard against any unfa vourable consequences to the revenue from another de fective harvest, and that it will be sufficient to secure us against.any circumstances of that kind, though I admit that it is not more than we may consider desirable. In the difficulties we labour under, it is my duty to recom mend parliament to make such arrangements as will, consi dering the distress of the country,. guard against future e‘ils, while we remove that distress to the greatest extent possible (hear.) 1 should be unwilling, therefore, to reconi mend any measures that the present circumstances of the country would not justify, or which would diminish the two millions of surplus which I consider necessary to repair any mischiefs that may arise. gentlemen wil lbear in mind that the 'surplus is not only desirable to reduce the National Debt, but also to support public credit. It is necessary to guard against public defalcation. In the circumstances of the country it is also, I believe, necessary as a can. tion, and as a guard against the greatest danger that can befall us in g financial point of view—the danger of borrowing under disadvantageous circumstances. There is, however, something more than the revenue and the expenditure of the present year to be looked at. It must be obvious to the house, that in examining the ope ration of repealing them, they must !wok to the probable .tdkct.of the reduction not only in the present year, but also on the following year, 1831. The whole reduction if 3,400,000/. will only then come into effect. To meet this or a great part of it, the house has many resources on which it may con fidently rely. It may look to those other re sources, and rely on them with confidence to attain the object of providing for the future deficiency. The poem, by these resources, and by its exertions in maintaining public credit, might employ that credit very advantage ously in the reduction of the interest of the National Debt. In examining attentively the present state of the country, looking to the state of the exchanges with foreign countries, looking, too, to the great accumula tion of capital and to the diminished rate of interest in the Public Markets for all public and private Securi ties, I cannot entertain a doubt that thi House has the power effectually and conveniently to reduce that part of the National Debt which now bears an inte rest of 4 per cent.—(Hear, hear!) It is, therefore, my intention, as a result of an examination of thi revenue, for the future to look for a part of nur riw sources from a diminution in the rats of latereit. In a few 'days I shall have the honour to propose to the HMIs to fix a Aorta for giving notice on emus sari) day of die terms on .whiob they would offer to do , boidnis of the , 4 per Cent. Stock a Stott of lies annual veins. I w 1 not now enter rite details.wbiebtainiot he Valeigesi and satisfactory, but I propose on an early day to in lug the whole subject before the House. (Hear.) The country possesses resources which will, I trust, enable us k n . , make very large reductions ; and I have such contideueel in the result of the measure I now propose, and in the con sequence of other measures for a diminntion of expendi ture, which are in progress, that I do not anticipate any embarrassment in those financial calculations from a fail ure in any part of our resources, or that we shall not be able to make still further reductions hereafter. It may be the fashion to say to the Government, reduce the ex penditure ; but I would say, that the industry of that Government has been already. .exercised to the greatest extent in making all practicable reductions ; and that, looking at what they have done, and considering what they have pledged themselves to do, it was but right to be content for the present, and to wait the result of the measures which are in progress ; for although the reduc tions already made in the amount of expenditure which was available for that purpose have been great--and that they are great, no man I think can this night venture to look at the evidence of it before and deny; yet the same active industry, and the same thorough and anx ious desire to alleviate the burthens of the people, and to diminish all unnecessary expences, will still be continued in exercise, and I have no doubt with great additional ad vantage to the country. It is not, however, to the re ductions that have already taken place, however exten sive, that I look for the approbation of the House and the Country.—lt is to the various departments of the Government, all exercised as they are in an examina tion of the minutest kind into the expenditure of every branch of the public service—that I look for the moans of still 4urther relieving the burtliens of taxation, for we aro prepared to engage in an inquiry, indeed, I may say, we are engaged in an examination em bracing every public department; and we propose in conformity with the precedent . which has in one case proved so beneficial—that respecting superannuations —to confide the execution of that inquiry to Gentlemen connected certainly in some de g ree with the Govern ment, but totally unconnected with the particular departments to which these inquiries are to be extended, with a view of ascertaining how far it may be possible to make still further reductions. The House knows well the benefit derived by the Government from an inquiry of that kind which I have already alluded to; and this much I may say, that we are thoroughly convinced of the necessity of preparing to meet the deficiencies by every possible exertion, and that we are determined to undertake no change, and to propose no measure which we are not prepared to justify by our conduct with respect to the expenditure. I kno* the extent of the labour it imposes on the Government ; but I also know that my Honourable Friends are determined to spare no exertion to increase the resources which may be applicable to a diminution of the expenditure. In the same manner, and to the same extent, the. Government propose to empower a Commission to deal with the whole of the Colonial expenditure [hear, hear!]. The Go vernment are fully aware of the difficulties which lie in the way of this determination. They know that it is not easy to find men conversant with all the details of this most extensive branch of the expenditure; I Ist it appears to them that the task will be more efficiently performed by men ap pointed by a Government desirous of concealing no abuses, and of producing by every practicable means additional re sources for the service of the country. It is for these rea sons that the Government, relying on the beneficial results which hive been generally produced from Commissions of Inquiry, have determined to avail themselves of Commis sions with reference to these branches of expenditure. And here I may perhaps be permitted to advert to a subject which came under discussion on one of the evenings which I had lately the misfortune to be absent from the House —I allude to the subject of superannuation allowances, and for my own part I can now have no hesitation in saying that a regntation has been already made on the subject. I remain of the opinion I have always professed on this question, that whatever may be done with respect to , the superannuations already granted, or whatever may be the extent of our right to meddle with those al lowances now, we are bound to look narrowly at the method of granting them in future. I think, however, that there will not be any disposition to charge the Ge vernmen.t with indolence or indifference on the subject. It is needless to advert at present to the circumstances ' which have prevented the regulations from being carried into effect much sooner. It will perhaps be sufficient to mention, that by the terms of a Treasury Minute, passed in the course of last summer, every person here , after accepting office under Government is required to submit to an annual reduction according to the amount of his salary, and which is to be forined into a fund out of which the superannuation allowances are to be paid ; and it will be my duty, in the course of a few days, to bring in a Bill to authorise the appropriation of the produce of that Fund, and to regulate the me thod by which it may be most beneficially managed for the advantage of individuals and the relief the public purse. If it should, at the time that Ate Bill is introduced, appear advisable that a Com- Wifttee be appointed to investigate the whole of the . subject, and to inquire into the necessity of going. even farther into other brances of the public service 'dos thee Government have already proposed, I have no limitation in saying that I shall feel it my duty to move fir that Committee, and to go into any inquiry it may fecbmtnend, with a view to ascertain to what extent it may be right to go, keeping in mind what is just to the public servant, and what is just with regard to the Pu - 4 (hear, hear.) With respect, however, to the.sa peannuation allowances of the public servants in the. dill departments, I have no doubt that the precisions of =ill will be found effectual and sitisfectery. The gas to this subject, which is somewhat beside the *ashen before the Committee, have dnitvn me tos observations I was applying to the public el!. penditure. I have already said that I placed . a reliance on the economy of the govern.; !tent as a method' of supplying any deficie artfich might arise (roil the alteration of taFetine 7. Bat there is one other bonne on which I rely with groat eenfidince, and which I think well calculated to supply a r considerable proportion of any probable 'or in: ,rable deficiency of revenue—l mean the augnsen 8641niwhich must necessarily take .piece in all the re/- branches of taxation, by a repeal of those taken Mich have pressed on particular portions of industry' end . prOuooo [bear; hear *',4 is alinv ia t po s sible to imagine that die Malt Tax should not a very great lacrosse from the reduction of the duty .on beer thew, hear!], and that the general which generally results from the reduction of taxation will have a 1901 It benskial effect .6m every, _branch' of itulustry which contribimen, immediately 'or • re the Revenue ••11). If wit. l .l that mischance, if it does arise, and that it win not shrink from the performance of its duty to, the country, in making a provision., for the deficiency. For my own part, I can say with all sincerity, that I have laboured most earnestly to select the course which I thought most conducive to the public good, and that I have endeavoured, in the applioation of those means in my . power, to give relief in that quarter where I knew the greates distress to prevail; and that I have exercised the discretion reposed in me in that manner which I conceived to be most conducive to the comfort and happiness of the labourin gclasses of the people. (hear.) If I should be disappointed in the effects I anti cipate from that selection ; if the revenue, instead of being benefited, should be injured, I shall still have the satisfaction of feeling that my intentions were gootl, and that I erred with an earnest desire to relieve. I do not think, however, that we shall fail ; I sea in the darkness that has lately surrounded vs a ray of light. I think that there is even now a prospect of our emerging from the clouds of misery .and dis tress, by which we have been enveloped, into a state ap proaching to something of the greater happiness and prosperity ; but if I shall unhappily be disappointed its that expectation, I shall deplore, but not regret my errcik. I shall rejoice that I have made an attempt to relieve those classes which have been suffering so much from distress ; and I shall be well content to acquiesce is the obloquy of having made a false calculation. The Right Hon. Gentleman concluded, amidst loud and general cheers, by moving, the usual Resolution f Our report of his speech will, we trust, be found tolerably correct in substance and in language; but the Right lion. Gentleman, from the weakness, we presume, of recent indisposition, dropped his voice at the conclusion of his sentence, in a manner which made it extremely difficult at times to con - jecture what was intended to be ciavered to the Coin- mittoo. Me. BARING observed, that no eentl.en in in the situation of the Chancellor of the Exchequer could cont... down with a dearer statement than the right honourable gentleman had • yet as the financial statement w as r a th er concise, he (Mr. lilting) foetal that it did not meet the understanding of many members. The right honourable gentleman proposed a reduction of :4,400,000/. and as Isis surplus was only 3,070.0110/. the nominal deficiency in the resent:: next year would be 330.000/. and to meet this deficiency the rigs-. honourable gentleman had no reemarce but in the probable augmen tation of the revenue, and in the stamp department. The lie nourable gentleman spoke in a low tone for some time ; wlom we could hear him, we understood him to say that this was th.• first Chancellor of the Exchequer who ever swept away all sue s plus Cris of " No, no !" ) The lionouraLle member would say " Yes." As far as figurca would go. the Chancellor of the Exchequer had swept away all surplus except what might be gained by the proposed nduction in the four per cents. IL (Mr. Baring) did not mean to say that there was an 'knu rly required for the public creditors, for there was no danger. Mr. Pitt once said that no man could ever have the boldness to repeal a law, meaning the sinking fund bill, which was to operate as a relict' to the distresses of the people. Yet the Chancellor of the Exche quer came down to-night to fritter away what Mr. Pitt looked on as a safeguard against the distresses of the people. The objection to the operation of the sinking fund. was that it was abandoned. Mr. Pitt's plan was, that whenever there was not a surplus to the pro posed amount of the sinking fund, additional taxes should be im posed to make up the deficiency, the ultimate effect of which would be to relieve the country from the debt ; it would be like a gentleman wasting his property to pay his debts. In the pre sent state .of the country there should be a sinking fund of four. or five millions at least; if this was properly kept up, it would convert the debt into terminable annuities: (hear, hear, hear.) When the statements of the right honourable gentleman shall have reached the public, they will say, " Is that all ; are there to be no more reductions ?" Without reference to the mode in which this was accomplished, the number of persons iuterested in the public funds was 1,370,000; the number of accounts kept at the ;Bonk of Eng land, on account of the national:debt, wax 274,823. I'hesc persons were generally the most intelligent part of the community ; and if no petitions came from them, it was because they felt secure in t h e solvency of the nation. Ile looked on the state went of the right hon. gentleman as hollow and unsafe; it gave the country ne pros. pect of ever getting rid of the debt. The hon. member read an ex tract from a pamphlet lately published, proposirg to raise the I po cents. to 3 per cents. giving 701. in the latter for 100/. of the ter mer. This would effect a reduction in the national debt of 30 per cent. at-once, which would more than counterbalance the incense of interest. He should not like to see a permanent financial system established in times of distress. He would be better pleased. to see the right honourable gentleman. withstand the premettre .of the moment, and come prepared hereafter to establish a peratament system of finance. The bon, member have here some extracts from a speech of Mr. Pitt's, respecting the Sinking Fund. in 1796, wherein Mr. Pitt strongly urged the necessity of a Sinking Fund, as the only means of meeting emergencies. The bon. mem ber was sorry that the Chancellor of the Exchequer did not with_ Mond the present pressure, which he hoped would be only tempest% aullt endeavour to support the Sinking Fund, France, America, atia ifteessia, were reducing their debts ; and was this to be the only ;country that would not endeavour to get rid of her burdens ? As rt was, bethought the right hon. gent. bad made a iudielows eeivc don in the reductions which he proposed ; bnt instead of re , Hering the peasantry of the country, as the right honourable gentleman hed stated he should do, by repealing the tax on beer, ii • would be found that he would relieve the artisans of the towns. It was the tradesmen and mechanics in large towns that would chiefiy benefit by that repeal. He looked on what were!called war tasts as a bad system • suppose we went to war for six months only, we should undergo all the machinery of a war viz at a great expen•e He, therefore, thought it would be better to borrow/ money for bush, occasions. The hon. member concluded by expressing the satisfac tion with which lie heard the speech of the right hon. gentleman, and he was sure the country would heat it with equal eatisfac tion—(hear), Lord 4LTHORP differed from him bon. friend in some nape**. but he agreed with him in this, that the public creditor had n reason to feel alarmed. He thought that the Chancellor of the Ex chequer had made a good selection in the taxes which he proposed to reduce; but there were many other taxes which bore hard oft the labouring classes, and which were not very productive to the tr. venue; such as the duties on tobacco,'which ought to be got rid u!. He hoped his hon. friend would persevere in his motion. He wale not one of those who considered that the country was not able to bear the present amount pf taxation, if that tasation did not terse upon the industry of the counts y.—(Hear, hear.) Mr ROBINS(IN spoke in favour of the proposition made to the house by the Chancelloi of ahe Exthequer ' but thought Al. at the right hon. member aaght io have gone much farther ; but as he tta.L• a motion relativeee the reduction of taxation that preseed upon the, poor, he should opt advert to the subject tallier upon that occasion. Mr. HUM: exprtsied his gratification et Mae statement made to the . house by the right how. the'Chancellor of the Etehequet t•no tax wee more pernicioas this) the tax upon beer, and he was satisfied that he reduction would be ultinistely a saving to the country o' 8,000,000 i. insteatlOT3,ooo,9llol. annually. Hy the redaction on leather, he was aleo•Of opinion that the public would reap consid e r. able advantage, batty the xerdations of the menu?, thentariaa.. tuee of the article. of leatheetme confined to a few monopolists,, F* making these *auctions % the Chancellor Of the Exchequer was deserving* great *edit. Bit bk. Huntet) only regret was, that he did not go far enough: • HE thought the right hen: gent. might have gone further tettboatuay fear of 111 toncequetwee arleciagoo the' revenue therefrom for from tree year 1816 up io 18281 a reduction of (awake had taken !Lee to the extent of 9,136,0061.; anti • yet the. revesse.4o the kin year was little more 'than a (dittlicif shone the amount proem/Cis the year 1547 So that hods this. he algae* that the right honourable gentlemen seed ifoot-**, for the revenges in the reduction of taxation. He thought a redaction .tif two * three millions more Might • bike r 'place with great safety.' The ditty upon *Mk atiM •maillen ought decidedly to Betaken off: ;these taxeirreased , heavily upon.the! pmple, and their aggregate amount exceeded 1.3111150004. • If thaw :duties were taken or, there meal still be a taigas in the avvenuv 'of 7110 4 01/06 the Chancellor of the Exchequer having stated that after the redesetimu *high he eonternplated• mere would. hi snit in ,the Treasury 2,130:8001.... Be also thoweln that there *humid he 4 . 1. ! reduction of half a million *Fon the estimate for rite twiny, nasty; ordnosee, Re. which ridittions he ttentgtat, would bo Made up Av the imprount mode itf collec tion salvrid respecting the nverue . and the othp. eetablialmtesia. . • • , Ms. BAMICLAN mink that On redisction anti al* tan tignn -beer :would hes pest 'dewlap to the public.. Neve tie ; th e tax is oft: 'brewers -- fhlitave s objection Pe • -bear -" baps - ; ' 1 ! . .1 . • • S t • ' • ••• .0; a i lately, a the Revalue [hear: bear 11. 1f these Cersi;;Zwers - 7;0741K;;;;X : ;;; : ;;S 1 . 4;71:71;"-ZrZe . t7e;; • celettlifife 5hp4,1141 prove favourable — and I here thaw" *rut ,i - ' . •._ • . • • • , .• eq,. : retert . to Ipprebe l i g i th e y w io not.—ttmi a t i le 3 1 r- ki*Bleiti.T__elsi Windt et,allfroil OttOhe mate wafter°. et Abe .farther easpluo wall* ebe meet* vest suds by thralmtstagbelibrilelbsestr. • Iles Ault othe saw s . Ain ganker to the corafpris of the VI • gr iugot itake mativred, rim jai .gat,* • woo, the4iet Aug tees eirimilit tv,.. , if, „94 tii i e 0174 bo l o uu 4i9Wilito, 'low .ow 4b.4.1.• •..mi 14 . saikamkbommi Derliftriti tti• : 4 0 10 99 iei 99 t 9 9, lil & ICReciai gicklig I ara%confideat that arliesserit _will kaoW burr. le persheia•mibe ' . r.. :fripboid . : 1 •*-- • • f: .. . . ... .._ . . •