Star. — London, England, 1826-03-14 00:00:00

Never *as Oyster ingenuity eierciseci than in this antraband traffic. The trimenittee would be quite Astonished, if I Wits Prepared at • this moment to go iato the details of the ingentoubdeviCes of that most in-' genious class of persons. ''he loss on this article I esti-1 Mate at 600, ( 0001. I should feel great pleastire in applyingi the reduction of duty to various other articles, whick ar e not within my reach at present. Ido not profess 10 be a prophet, nor would I hold out expectations that I would net, if in my +power, immediately fulfil. Yet, when I state, that during the last seven years I have proposed the reduction of eight millions of taxes, I say "enough, I think, to entitle me to the confidence of Parliament, that I should not be - slow in carrying that system more extensively into practice if the l ' opportunity were off:red to me --.• (Herr.)—There s another subject to which I have yet to call the ';attention of the Committee. I have endeavoured to' hew that it is our duty to put the finances of the coun -ry in such a situation that they may be perfectly pre pared to meet all the demands that the public service May require. I wish I could carry the reduction of the public but diens to a greater extent ; but there are cer tain points,- of even greater importance, to which the attention of Parliament must be directed. In the course of the discussions of the present Session, much has been said as to the state in which theßank of England has been placid in consequence of the advances made by that body to Government. Though lam ready to defend the con duct Of .Government.w ith respect to those transactions, certainly, I would not fora moment contend that it is not desirable to diminish the amount of those advances, and generally to reduce the amount df the Unfunded Debt. These are two important objects, I admit; and though no blame is justly chargeable on us, yet I agree that if is not fit they should be lost-sight of. On the Sib of JanuarY, 1826, the Bank held six million pounds of Ex chequer Bills. This was the amount on which they had originally advanced money. to Government. They also held some which they had purchased . in the market ii the ordinary way. On these they had made no ad-' dances, and if they thought fit to sell them, they might at any moment have dcue so, without any right on the part of his Majesty's Government to find fault with their conduct. In February of the present year, the Bank, at the instance of Government, consented to purchase 2,000,0004 of the Exchequer Bills then outstanding. The object of this measure was to relieve the market from the pressure under which that species of security vas suffering, in consequence of the difficulties then besetting all classes of commercial men. But it is quite clear that the Bank would not have bought these Ex chequer Bills unless they had received some assurance that the amount should be repaid them at no distant period. Government stand pledged to redeem this ad. varce in the come of the present year ; indeed, I be lieve the time indicated was. the middle of Jane. At a subsequent period the Bank consented to make advances on goods for the relief of the mercantile world. Having undertaken this arrangement, it is still more desirable that means should be placed in the hands of the Bank to bear- the burthen• they had take* on themselves; it is necessary they should be repaid a considerable portion of the advances they had made. The proposition I intend to submit is, that in the course of the present sear, and as early as circumstances may render it ad. s %sable, the Bauk shall be Tepid(' six- 'millions of the Exchequer Bills in their pcossession.r. In the first place, they had six mil:ions in J.inaavy last ; secondly, they purchased Eno nii!lions more in February ; and, thirdly, they held three millionson account of the advances they have made to pay off the Four per Cent. dissentients. The total amount of Exchequer Bills in their posses sion is elev,-n millions. For the last three millions pro vision has been made by a charge on the Sinking Fund, by which all that portion will be nearly extinguished. There remain eight millions, of which I propose to pay off six millions during the present year. It is very desirable, I admit, that at ne distant period, a reduc tion should be effected in the unfunded debt. I, there fores propose a moderate reduction in the amount of outstanding Exchequer Bills in the hands of the country; and with this view, I suggest the funding of two or three millions of them. To effect these two 1 objects which I have stated, six or eight millions' would be appropriated. At the same time that it is desirable that the unfunded debt should be still more reduced, yet in finding means of doing it, we should be careful not to proceed with too great rapidity. At no remote period after the present year, I propose that the Sinking Fund should be applied to relieve the 1 country from a portion of the unfunded debt. It is right that the Sinking Fund should be appropriated as well to' the Unfunded as the Funded Debt. The principle,in both cases, the reduction of debt, was precisely the same.— The principle of the Sinking Fund was,.that it should go on accumulating at compound interest, until it reached one per cent. upon the capital of the whole debt. It had since been applied to the reduction of the Funded Debt, and I see no reason why it should not be applied to the reduction of one species of debt as well as of another. The portion of stock which may be each day disposed of in the marker by this mode of reducing the unfunded debt, may not be considerable, but that is a matter of small account. This alteration, as well as the others I have recommended, is suggested by what I consider most beneficial to the country, by what may best enable it to encounter whatever its exigencies may render requisite, and whatever may render its resources. most available in subsequent years. I have now endeavoured to submit a statement of the revenue of the present 'year—of the circumstances in which it stands—of the grounds of our proceedings—pro ceedings which have been adopted upon principles proposed by Government, and sanctioned by Parlia ment (hear). Upon these measures I do not hesitate to say that I rely for a prosperous future (cheers). I am not afraid or ashamed to utter that expression— proaperous. When I look around me, and see the ela moats of power and strength which are to be found in Ibil countrys--when I see Government engaged in giving energy to that power and strength, and the Legislature entering into emulation with the Go vernment, in correcting what is defective—in remov ing tt hat is obstructive—and in giving force and life, in what is active (cheers); when I see, too, the com manding internee which our foreign policy gives a.; and when 1 behold that i n fl u e nce confirmed, and doily extending among other nations, so that we are tumbled to assert our station and maintain our dignity: moreover, when I witness a gradual and great improve ment in the laws of the country, so that they may be mitered intelligible and easy in the administration for *oat to whom the administration of them is entrusted, and satisfactory to those for whose benefit they are dis pensed; when, again, I see the approved principles on which its finances are regulated; when 1 see that the measures adopted are only with a view of maintain ing the safety and asserting the dignity of the country that titescm - e. sutei all. ututeeessary - excessive *het% I light - of knowledl and peek_ to look up to those in, duty dente: it is not the language of exaggeration or over con fidence to say, that We are engaged In a righ t let me add, a prosperous coarse. We mat have un dergone recent embarrassments—the sudden violence of unexpected calamity may have coins upon us—we have encountered, and may have - again to encounter the tem pest—but it only remains for us to resist it manfully.... and, if we are compelled to suffer The stings and arrows of outrageous fortune," it is only for us-- —" to-take up arms against sea of troubles, And, by opposing, end them."--(Meers). By making our exertions proportionate to the difficulties with which we have to contend, can we alone hope to overcome them. And these exertions cannot be better directed, than by pursuing that system, of policy on which we have entered, and by which we shall be en abled to arrive at that great object of all -good govern ment—the happiness and well-being of the people. IThe Right Hon. Gentleman sat down amid loud and continued cheering from all sides of the House.] As soon as the qpiause subsided, the Right Hon. Gentleman proposed the vote of Annupl Duties on Pensions and Me& Mr. MABERLY said, the Right Hon. Gentleman had gone back to 1823, to institute a comparison be tween that year and the present ; and in this respect he had not acted (pite fairly, as in 1822 there had been an additional charge of 2.800,0001. which the Right Hon. Gentleman did not take into his consideration. a greaf prove thit brafrpference to the last ten years, and not, as the flight Hon. geut,had done. by referring to any single year. When the papers to which he had alluded, and which would complete the series of returns which he had moved for—(hear, and a - langh)-:.yes, when the series of minis for which he had moved, and he was obliged ro Move for such returni, and to see that they had the signature of the proper officers, or the accuracy of his statements amid, in all probability be denied— he should be able to state, aS he had ollserved, that the • Right Hon. Gentleman was quite mistaken with respect to the amount of Consumption in many other articles, as well as in that of malt, which had decreased fifty per tent. In the article of beer, there had been a decrease of sixteen and a half per cent. In the consumpthm sugars, there had been also a considerable decrease, as well as in tobacco and tea. If the Right Hon. Gently man had taken the advice which he (Mr. Hume) had given him with respect to the funding of Excheqoer , -bills last year, he would not have had to experience the loss which must inevitably attend the measure is the present state of the market. Last year, he might have done so with effect when the price was , ninety-six or ninety-seven ; but now at seventy-five or seventy-six, he must do so at a loss of twenty-tive per cent. or in other words, two millions and a half will be thrown away, and lost fir ever to the country, in consequence of the imprudence of the Right. Hon. Gentleman. In what stay, he would ask the Right Hon. Gent. dirt he mean to pay the difference of interest on these ten mid lions? With regsrd to what the Right Hnn. Gent. had said with reference to the diminotioo in the expense of collecting the revenue, he (Mr. Hurtle) believed he might claim some credit f r pat reduction. He had for three successive years been urging his Majesty's Ministers to effect that reduction before they attended to his remon strances. At length, hotvever, they sent out the Corn missioners to Ireland, and he would not deny that they had done great good, and effected 4 reduction of at least half a million. When he first called the attention When, therefore, he talked of a diminution of two mil- lions, as compared with 1819, he seemed to forget, or did not choose to acknowledge, that there had been in reality an increase of nearly one million, Ministers having, in 1822, increased the debt by 2,800,0001. and got rid of the Sinking Fund. Again, with sespect to the Unfunded Debt, which the Right Hon. Gentleman alleged to have been reduced—he (Mr. Maherly) granted that it had been reduced. But how ? By paying off Exchequer . Bills, and creating a fresh debt. The de ficiency Bills, for example, in 1825, were 5,500,0001. and what is the amount of the deficiency Bills in 1826? Why just 5,500,0001. So that this was borrowing with one hand to pay with the other. The Right Hon. Gentleman's statement, with respect to the Revenue, was just as unfair. He had not given the_ returns up to the present month, which would have been the true way to enable the country to judge of the real state of the Revenue. Last year the Right Hon. Gentleman had stated the surplus of Revenue at 861.,0001.--EThe CHANCELLOR of the EECHECtUER said, that he had made that statement before he thought it advisable to effect a reduction of taxes; but when that reduction to.alt place, the amount of surplus necessarily became less.j—That he admitted altered the case. With res pect to the proposed measure of the Right Hon. Gen dem in, that of funding Eschcquer Bills, he approved of it very much, but he Is as sorry it had not been adopted last year. when it could have been done with so much greater effect. Ile acknowledged that when the Right Hun. Gentleman bad reduced the 4 and S per Cents. it was not to tie expected that he could at the saute time reduce the un funded debt. Although late, it was better to adopt the plan of funding Exchequer Bills now, than not at all. It would, at all events, prevent the possibility of Government being caUtd upon to pay them like promissory notes. The Right Hon. Gentleman ex pressed his intentiurrof funding are or ten millions of Exchequer Bills, and applying the existing Sinking Fund to the reduction of the Funded Debt. He (Mr. Maberly) thought it would have been better if arrangements were made for getting rid of the Dead Weight in Me, and applying the Sinking Fund to some other pur pose. Having thus exoreised his opialon upon some of the Right Hon. Gentleman's propositions, he should not further detain the House, than by saying, that it would give him sincere gratifica tion to find that all the Right Hon. Gentleman's anticipations were realized. Mr. HUME trusted the House would 'not be led away by the Right Hon. Gentleman's eloquence, from looking at the real state of the case. The Right Hon. Gentleman had, in his (Mr. Hume's) opinion, acted most unfairly and delusively towards the House and the country, in the statement which he had just deli vered. He had chosen one period to spew the amount of taxes, another to shew the amount of the reductions, another to shew the amount of revenue, and a fourth to shew that of consumption, with a view of proving that three parts of England were better off at this mo ment than they ever had been. But, in selecting these ' different periods, he had, in his (Mr. Hume's) opinion, been acting very unfairly and evasively. He (Mr. Hume) would not have risen had it not been in conse• quence of a statement which he had himself made a few nights back, in which he advanced certain propo sitions which had been met by a flit contradiction, op the part of the Right Hon. Gentleman, and his Right lion. Friend the Secretary for Foreign Affairs. Those Right Hon. Gentlemen had said, that his (Mr. Hume's) statements had been incorrect; but be (Mr. Hume) wouid prove them to be right. The chief point of dis pute between the Right Hon. Gentleman and himself, consisted in the assertion that there had been, since the peace, a reduction of taxation to the amount of between twenty-seven and thirty millions: an assertion which he denied had any foundation in fact, as he would contend that the mode of taxation had alone been varied ; but that not one shilling of taxes had been reduced since 1817. The Right Hon. Gentleman had no right to go back to the year 1816, when the country had scarcely recovered from the effects of a long war, and when there was no certainty of her enjoying a permanent peace. In the three succeeding years, however, what was the amoant of taxes? In 1817, it was 51,983.01. In 1818, 52,000,0001. In 1819, 51,000,0001. Now, if the amount of the taxes of the three last years, namely, 1829, 1824, and 1825, were compared with that of 1817, 1818, and 1819, it would be seen that no reduction, but, on the contrary, a consider., able increase, had taken place. In 1828, it was' 52,561,0001. In 1824, 52,685,0001. In 1825, 54,044,0001. The Right Hon. Gentleman's statement had not been at all satisfactory to him. There had been no reduc tion in the expenses of the country. All our establish ments were continued on a war scale. The army cost the nation 'Pt 700.0001. the nave - 6,100,0001. and these, together with the Ordnance and Miscellaneous esti mates, cost the na:ion, altogether, a sum of seventeen, millions and a half. Was this enormous eatablishmenr to be endured in a time of Frofoend peace? When the papers moved for by his Hon. Friend, the Member for Abingdon, were laid upon the table, he' (Mr. gime) would prove, that the *Right Hon.Gentlernan's state ment with respect to the .amount of debt, and the charge upon it, was not correct. "- He 'had tomparrkd the rear 1816, a year of great depression, with 'lBllt, =Co, el iraoidinary consumption, aid he called open the He* - of . and itspreiiing _ hectirteinly thousebt ale . some of the ob , ervations made upon it. But, in saying rhit, he did not wish to pledge himself lathe adoption of say particular course. either with reference .tit nice bargain made with the Bank, or to any ulterior measures to be adopted; yet he thought, that when the perhki of that bargain had aspired, some arrangements, advantageous to the country, might be made (hear). With respect to the debt, he wished it to he undentood that he meant to fund from 8,000$X)0/. to 0,000,000 i. of that sum ; he meant to repay to the Bank 6,C00,0001. and thus, by buying Stock be Exchequer Bills, 5,4 00,0004 would go to the reduction of the Unfunded Debt in the Market. Mr. CALCRAFT oti er'ed, that with reference to the subject of the Dead t, he wished to ask some information concerning promotion in the army. A re. gulation had been adopted by his Royal Highness the Commander in Chief, to allow Officers to purchase rank by purchasing half-pay. A young 'Officer might pur chase a majority of a senior, and it looked like the pur chase for a better life. He believed, however, that when a purchase of this kind took place, an accurate calcolt• !ion was made of the value of the half-pAy, and the overplus of the purchasi-money given by the jqolor, was paid to commissioners i.n• account of the pubilt.,.. He wished this point to be explained, for it was net It that oil& - misapprehension as he 'had referred to should prevail. The Hon. Member congratulated the country and the House on the sum ,lllolit of the Right Hon. Gentleman. air CHARLES LONG confirmed the statement of the Bon. Member. The difference was paie to the Payawater-General on account.of . the Tublic. • • Captain GORDON expressed his surprise at the remarks of his Right Hon. Friend (the Chancellor of the Exchequer), on gbe . banking system of Scotland :` he thought the arrassemat wbuld 'prime-beneficial to that country. The CHANCELLOR of the EX.CHEQUER• tatendtd eulogise the country, and was surprised his Gallant Friend bed misunderstood him. . . Sir CHARLES FORBES hoped, that if the Right Hon. Gentleman persisted in intro ting with the Uotcli system of banking, the Scotch MeMbers would do . their duty, taking a pattein from the Members for the sister country, and stick together. He (Sir C. Forbes) would oppose this prelims of the Right Hon. Gentleman night after night ; and if only one Member would stand by him, he pledged blmtett to defeat the measure. of the House to the subject, the expense of collecting Mr. ELLICE observed, that although so mach had . the revenue - in lieland was 26 per cent. upon the amount been laid of the prudence which governed the conduct collected—in Scotland 16 per cent. and nine per cent. of the Scotch beakers, and of the legitimate principles in all other parts of the kingdom. It was in vain, however, to think upon 'which their transactions proceeded, yet he thought of making any effectual reduction in the burthens of the country, it somewhat inconsistent with those high pretensions for until the landed interest cooperated with the other classes in prompt- them to come down to the House as petitioners, praying fag economy and retrenchment. The Hen. Member concluded, hy saying, that he had not derived the slightest saddaction from the for indulgence in point of time, emreating,for a longer statement of the Right Hon. Gentleman. • period in which to make their arrangements. He con. Sir J. NEWPORT felt himself obliged to express an fisted himself unable to comprehend why a measurer opinion quite different from that which the Hon. highly expedient for England should not apply with Member for Aberdeen entertained with respect to the equal advantage to Scotland. He trusted that some. conduct of Ministers—(Hear). lie thought that the thing-would be draw to afford relief from the duty on country was greatly indebted to the Chancellor of the soap; and though extremely sorry to press further re- Exchequer, and the Right Hon. President of the Boaid ,petting reduction, where the disposition towards it ap of Trade, for the measures which they had adopted Pealed already so favourable amongst his Majesselt, since they had been in office. They had effected con- i ll ni t u sr 411 P 1 '; 4 ti the da t d oa r eeer s t utr i th ave "" til atiar g m ' siderable reduction of taxation, and placed inatterslu thet: Nt.BlLlGlAT'said'thit'' °! a;'lhere would tea such a train that . a progressive reduction must continue of anihutufted andlWenly thbusand Rounds, he wishes' h Ito take place, whicwould, he belieied, partic.ulaily tolinots kWh Wai' a pply that .sum.—. in the case of Ireland, cosine,. an increased revenue. m ete lra iimi e re ctms " which he thought that The measures which Ministers ha . *loptef for reform insetae sa yable g the mode of col the revenue. ip Ireland would skitiei payable • Awr i p - a .' .r a t 11 6 w. erearb e aware ' work a gi eat moral improvement in the. habits of . the. dm it omit ac which In lalriat inumber td instatieetituist bit people. He trotted that Ministers would, carry their radtllkaottkivit iv* one which Pressed spa a eh* which view reforms with respect to the revenue of I/standstill co be„ a ß urd' • -further than they had already proceeded - with them. 1.7,5r5.. -r..,SICISSCIN said, that wbea on a former aright He was of opinion that the revenue jurisdiction.of Ire- hi; Eight Hon. Friend (Mr. C. Grant) had. apokeit .of land should be entirely abolished. In the post-office the duty on soap, he had intimated that the ventage merit relative to it wirs . thit—s...hat all who‘ used it for department the mast scandalous abuses prevailed. Might not this be incorporated with the English depart- the purposes of marbufactum should enjoy able same advantages as those .engaged in.the woollen. asanufae, rent ? He ventured to throw oat the suggestion...for the red deration of Ministers, and trusted that It would obtain atteorfin tune—namely, that of a drawback of the duty. On from them. • the subject of dye-stuffs, he was surprised to find Mr. BARING, although he concurred with his Hon. that any Honourable Member found it necessary Friend behind him, as to the uncertainty and fluctuating to observe, for it could scarcely be fOrgotten that condition of circumstances under which the Chineellor there had been imposed upon them no more than a* of the Exchequer had brought forward his statement, nominal duty. In fact, one of the chief coosid*atioas yet expressed his hope that that statement. would give last year, in making the commercial arrangements, was as much satisfaction to the country at large as it had to reduce to the lowest posskbic scale the duties affecting afforded to the House. He allowed that it was difficult the moufactures of the ,country. The surplus of to say, in the present 'state of the country; indeed it 120,0001. which had been adverted to, was, it must be was impossible for the Chancellor of the Exchequer, or confessed, rather small, considering tee large amount any other man, to estimate the probable results of the upon which it wait calculated ; and so far from going revenue returns of the year—a year of bubbles.— to seek for a mode by which to appropriate it, he agreed Projtcts must be attended with an artificial consump- with the Hon. Member fur Taunton (Mr. Baring) that Lion, and a bubble revenue ;'the increase of trade pro- the matter of regret was that the surplus should be so ceeded from a momentary excitement ; the general trifling on so large a calculation. The Hon. Member failures can ed a suspension of those luxurious enjoy- for Aberdeen had noticed .the necessity .ftw landing meats which had created the increase of revenue, and seven or eight millions of 'Ecchequer,Bills. 'Even that the revenue must suffer a proportionate decrease, which operation, supposing there were no other means, would would probably be confined to the current year. Under go near to consume the whole of that sum—peisiblY all circumstances, he considered the Chancellor of the not less than 100,0001. wouldhe consumed by it. The Exchequer's statement, a very far one. No Minister Honourable Member for Abingdon had endeavoured could be blamed for such conduct, in his present cir- to confuse one of the Most luminous statements cumstaaces, and though some minor poitits of the state• that had, perhaps, ever 'beert delivered within 'the meat may be comfit° observation, yet when looked at walls of that House. That non. Gentleman had pro as a whole, it appeared so satisfactory that he should ceeded upon an entire misconception of the facts, for .be very reluctant to criticise particular passages. As to he had asserted nothing less than that the public.deist, the surplus of seven hundred thousand pound it was in amount of capital, interest, and charge, had-fu r scarcely worth thinking of, when considered in connec- creased since the year 1819. It had been said that by tion with a revenue of 54,000,0)01. comparatively it figures almost anything could be. proved, and certainly was no surplus at all ; particularly wheadt was rement- a practical illustration of this maxim had been given by bered that five hundred and eighty thousand pound was the Hon. Gent. the Member for Aberdeen. His fallacy made up by the four hundred thousand pounds which consisted in his asserting,that ; he debt of the calmly "had accrued from Irish coin, and one hundred and eighty during the past year increased seventy millions and up. thousand pound from lotteries, both of which returns wards, with an increase upon that of two millionein the . could not be expected to recur next year. The amount of form of charge. This was for the dead weight. This the Sinking Fond was not so great as it ought to be, every debt---the whole of which would be, spread over a country in Europe,except Spain, had a Sinking Fund for per i o d' forty-five years, a debt extending over a period the purpose of meeting contingent expenses ; ours was only two mil- that reached from the present year to the yeas-1660,Avaa liens mid a half. Glebe reduction of charges.-which amounted to all sooken of by him as confined to - the past year 1825. 1,110111,0001. a great portion had arisen from the savings made by * s- - diminution of the interest of the Four and Five per Cents. these The payment of an annuity of two millions eight boa aims erweaatsd to acto,ooot. Having observed that an arrangement dred thotisani pounds during the next forty-five years with the Bank es the subject of the 11,000,0001. of Dead Weight. vat taken by him as an addition to the public debt was a very desirable measure. the Hon, Member concluded by in made 1825, and as belonging exclusively to . that stating. that sines he had bad a seat that House, he never heard a statement so satistectory to himself, and, be trusted, w year. t pan such grounds" as these it was that' the the general public. Honourable Gentleman cried out to the Government to The CHANCELLOR. of the EXCHEQUER wished put an end to the Dead Weight. There was another to set the. Hon: Gentleman right upOn some of his state• argument of that Hon. Gentleman to which he wnotd merits, It was said that the four thousand pounds of advert, though this was not the first time of his b4ing old Irish coin, and the eighty thqusand pounds to be iris it forward. The reasoning amounted to this; that derived horn I;otterietthis year n could not be considered Ministers, though they reduced taxation betweeaturenty as permanent revenue,.. and then the question. was hand thirty. millions, still left the burdens of'the people naturally asked; how t hat deficit was to be made good undiminished. There was a reduction ; that wield. .next year? His answer to this was, that the' growing mated; but because the taxes, when reduced * were progress of the other branch .s of the revenue was likely, in the remaining departments more. productive draft to make up for any deficiency of this nature. Again, F before the reduction, it was inferred that net , tes the Hon. Member made some stbvereations relative to . lid was afforded, which amounted to sauna that 'the diminution of the interest Of the National Debt; and. the people of England were as Much mewl!. there, too, lie mistriken. .1104 e. Wheal) stated; ,nienced by the present amount of taxation as if rthit (he Debt of 1823 eims greater than that** 1420.„ no reduction had ever been made; that, in - hikt, ;arid then he went au to bring in the Mail We:ght,.soma taxation pressed now as heavily as it, did in the how or other. He (the Chancellor of the &cheque') had year 1816 ; that the increased consumption, in a h cii • . . tee. stile' itii confirmed by #ariisiaidbatimit 16 iiibi to the: .. ''• ibit ii i i sou gici :11.41iera..*" . 11" , ,,-- iiiid. --. that - a Atop .7 1tett. this 00111 ion droll' iat le•essatY p a tronage he beenvur effid dial al fare In Aitati afick s i*-..,Attt **light Ittat , pleemsl by tbeHoito And by .006 -Lament suf fi cient EsPoo f ye elpenditurebas been redueett—addltboTti% Gitlthatiii *imiteij; the aid,ottat if. Ohnstimystleo that subject . He should not outer init.) the details Of it at behold, ss tespets . the petSple iti rage, thiAlse hi *any iastince. - In the article If Malt, fpftinacilti, proem, but should take a fit oppoitunity of bringing- I knowledge has dispelled the mists of nlaid prove ,'. bleb there - Whig unfitscrease, it under the consideration of the House, and expressing ignorinie he i Jodiie,audthatthey have'seassand discrimination there bad been a greaf diminution of -consumption. , He the opinions of Ministers upon it, as he certain% y thouse.ht up to those in whom it is their duty to place'cOnfi= would pre thit.bravrferente to the last ten years, and it liable to_ some of the ob , ervatioos made upon it.