Star. — London, England, 1822-04-19 00:00:00

• r 0 4 . ; • . • _ , • 4 , • • r' " =' ~ ! PUBLIC INCOML gq, agC 5`6. 1 ; 1 I i ll' tit I a% • 3 5 g fill 'lli. 1 9 1 EH IA t.e l)i t t , ili[t I f I - L 4 4 PIO i ii rr - ~ ... ~... ~ •• , ..... 2b I iir L live ••••••••4 : ....v..., • • ... • ILI I .1 4 ;. 4' 10214 1 . & p ar• ig a - a a 2 g "67 1 8 g 6 iT l re W i g 1 ig i 0 t ar . . 0 ge 8 ? 2 1 a w e p • P t e a . . CO. 911 E. 1 - 1 -r, 8 l aitU 1 E. V. Ea it 12 a li : . c.. 0 E s . .. tO 41 bb -a g 2 3 5 . ; ii 2 1. 5 0040. :el . .. .... '0 0 ...loro.l ^ p • ea. . 0 ,,,,i50.. w 4 .0- • .. g t-. 5 2v: • '''' .. 0 4 . & vs 3 '',... .... at& le w It-Fr= 4 8 V'. td r , .-1. s • co "... 1% 'La's to g if °A 5 4:i ' 4. `" G. 2 ::: ..)02r ogg Z i 2 . .... 4n •-• P... 0 ' g -1 ^ ;ir I:. 2,1" . :: P* a ? SINKING FUND. IN GREAT BRITAIN. Au ACCOUNT of the TOTAL CAPITAL of STOCK re-' deemed on the Sth January , 1822, by virtue of Acts 2 8 Geo. 111. e. 51; 32 Geo. 11 1. c. 55 ;42 Gen. 111. c. 71. slid 53 Geo. 111. c. 35.—(Including aho the 47 Geo. 111. c. 55 ) CAPITAL STOCK. Total Capital redeemed at the sth January, mu, on account of the Public Debt of Great Britain, and the Debt of Ireland funded in Great Britain, exclusive of the Imperial and Portuguese Loans - - 8E403,970,095 Add Capital contracted for by the Sinking Fund Loan, 1821, which Loan is in the course of payment - - - - 16,296,875 ••••=••••••••.•mme £420,266,970 The above Capital includes £5,209,1533, redeemed on account of outstanding Exchequer Bills, and u exclusive of £180,296. 9s. 4d. Irish 5 per Cents. redeemed in England. An ACCOUNT of the CALCULATION of the AMOUNT of CAPITAL STOCK which would be redeemed within Ten Years from its commenceruent, by a sum of £5,000,000 4 applied annually at Simple Interest ; and by a similar sum operating at Compound Interest, according to the Provisions of the Act 26 Gee. 111. e. 31. taking the price of the Three per Cant. Consolidated Annuities, at 75, 71 2 , 81, and 84. Taking the I £5,000,000 applied =- price of 3 1 nually would redeem per Cents. in Ten Years, .C 3 per at Cent. Capital Stock, a 57.73 "C 66,666,660 78 64,102,560 81 61,728,590 84 59,523,800 Uion the Interest arising on the Capital rear, is supposed to be annually remitted being carried to the Sinking Fund. X 75 1 £80,040,708 76,415,390 81 73,101,437 84 70,060,686 At Simple Interest In the above Calcul Stuck redeemed in each to the Public, instead st At Compound Interest PARLI.43IENTARY PROCEEDINGS. HOUSE OF LORDS, APRIL ta. Mr. Forma presented en Account of the Receipts and Dis bursements of the Dock and Light-house of Liverpool, from the 24th of December, 1840, to the 24th of December, 1821.—Laid on the table. The Earl of L AT; DERDA LT. moved for a variety of Float'. cid Accounts relative to the amount of the National Debt, and to the value of the Funds at different periods.—Ordered. Ilk Lordship then moved for an Account of the number of Inc!mute Bills passed from 1799 to 1521.—Ordered. The Earl of LIMERICK gave notice, that on Monday neat he should move that the Doyle Divorce Bill be committed. Mr. BULIAXE, from the Treasury, presented sundry Papers pursuant to the Orders of the Douse. The Innkeepers' Rates Bill was read a second time.—Ad journed till Monday. HOUSE OF COMMONS. The House baliotted for a Committee upon the West I.noe Election Petition, and the gallery was not opened uut.l half past four. Mr. CALVF:RT presented a Petition from certain Inhabit ants of the Parish of St. John's Southwark, against the 13111 for repairing London Bridge. After a few words from Mr. H. Symms, Sir W. Di Cats- SWINT, and Sir W. Costa, the Petition was ordered to lie on the table. Mr. N. CALVERT presented a Petition to the same ef fect from the Parish of St. ()lave's, Southwark.—Ordered to lie ea the table. Mr. Dracut brought up the list of the Memberrappointed to form the Committee for trying the merits of the Petition for the Borough of West Looe. The following are the names of the Committee, who were sworn accordingly : M essrs . J. W. Russell, W. Stewart, W. C. Plunkett, Prendergrast, F. W. Grant, F. I. Robinson, Wildman, Port man, W. Gordon, J. P. Bas tard, Downey, W. R. K. Douglas, J. Pitt, IL Bernal. and D. Gilbert. Sir W. CURTIS moved the postponement of the London Bridge Water-Works Bill to Friday Woolen. The second reading of the Scotch Ju4es Bill was postponed to the 29th instant. Upon the motion of Mr. Lasrivarmr, the further considera tion of the Report of the Recelvers-Grieral Bill was postponed to Wednesday next. COMMITTEE ON PUBLIC ACCOUNTS. ' f.~ ~ in The CHANCELLOR of the EXCHEQUER rose, pursuant to notice, to move for the appointment of a Committee to investigate the manner in which the Public Accounts are at present kept, and to suggest such improvements in the system as might appear necessary. The first object he had in moving for this Committee, was to devise some means of simplifying the manner in which the Public Accounts were pre pared, which, he hoped,would be effected by a care ful investigation of the present system. He wished that the accounts annually laid before the House should be made up on a mercantile plan, presenting, at one view, as in a balance-sheet, the income and ex penditure of each year. An attempt had already been made to lay before the House a statement of this kind. If a summary of the debt and expenditure of one short abstract, were annually laid It, that summary might be consi . of index to each particular account ; Gentleman could,without difficulty, refer /kb it was composed. When Par ,nts were made up in that form, they clear and simple than they were at ! the country, in on 1 • . i before Parliameni fiend as a sort of so that any Gentle to the items of vrl lianzeritary accour would be more cl . • - 'present. Another obieelbsio=ileOfeoo4 I the makinf h n e p of actin Wiest possible per. Right . Hossitable a i ptitlaman con cluded by iv:Mag— a That s thisa CwimilOse be aplabied.4ll Mbilder of the best mode of gissfWoft do Accounts elmeallp el l o t wore the Houses of Lordsead Ceemacam randy* to the Public I nco me and Expenditure, the Nadeleslyebt,' and the Trade and,Navi gadon of the United Ed e ' Mr. MABERLY did not rise to oppose t h e t motion. The errors which were manifest on tre e ite of the public ittentlntito rendered it necessary that a thorough revision of the system : should take place. The Right Hon. Gentleman had, last year, objected to the production of.a balance-sheet ; but, in the pre sent Session, a balance-sheet had been l.dd on the table of the House ; and to that circumstance they were indebted for the present motion—because the balance-sheet which bad been submitted to them clearly proved that all the other accounts laid befd're the House were erroneous. He believed the balance sheet to be correct ; and, if it were, no doubt could be cntertained but that the other accounts were inac curate. . Ry the adoption of a halance-sheet, Gentle men were at once enabled to detect any error which might occur in the detailed accounts; and while such - a check existed, it would compel those whose duty it was to superintend the public accounts, to make those accounts consistent with the balance-sheet. When this system was fully carried into effect, the Public would reap great benefit from it. Country Gendemen,who did not at present pay moth attention to financial subjects, on account of their complexity, would when the accounts were simplified, very easily understand them. They would at once see the increase or de crease of the ,public expenditure, or of the public debt, since the whole would be placed before them in an intelligible shape. He did not think there • was anything connected with the inquiry that was calcu lated to extend the labours of this Committee to a long period, or to render them very difficult. They. were only called or. to simplify the mode of drawing up the accounts,which would best be done by putting them in a mercantile shape. • The CHANCELLoR of the EXCHEQUER and Mr. MatiERLY mutually explained. Sir 11. PARNELL said, the necessity of having the public accoonts laid before the House in a more simple form, must be evident to every person. He did not mean, therefore, to oppose the motion of the Right Hen. Gentleman ; but he would suggest to him, that his proposition did not go far enough. It was not merely a simplification of the annual ac counts that was called for, but a simplification of the whole system of keeping accounts in all the public departments. He could refer to various reports which had been presented to that House, complaining of the misdrio-which the accounts were at present kept. He begged leave toicall the attention of the House to, an extract from the evidence of the Accountant-Ge- 1 neral, Mr. Stedman, given before a Committee in 1810. That Gentleman admitted that the accounts' were very much in arrear, the amount to be ba lanced in each year being about £14 4 000,000. But he added, " I have no hesitation in saying, that the ac counts in my office might be as speedily and cor rectly made up, as those of any mercantile house in the kingdom, if a new system was introduced." !fere was the evidence of the Accountant-General, spew ing that the existing system was an improper one.— There was another point, connected with the motion. now before the House, to which he would direct the attention of the Right Hon. Gentleman. He alluded to the Estimates, which were at present submitted to the House in a manner which rendered it impossible for any Honourable Member to understand them tho roughly. No account, at least no available account, was given, as to what became of the Supply; whe ther there was a balance in hand, or a debt outstand ing. He knew there was a sort of Account laid be fore the House in April, but it was then of no use; and even if it were submitted to the (louse in good time, it would not give a full idea of the manner in which the Supply wai disposed of. It would, there lope, make this measure more efficient—it would, in deed, make it extremely useful. if it were extended to the whole system of keeping the public accounts. Mr. P. MOORE was of opinion, that the present system demanded a very extensive alteration. Until the year 1797, the House had no account of the In come and Expenditure at all. The first account was formed by the Speaker's predecessor, and was founded on such documents as be could procure. The House declared it to be imperfect. In the year following, a more accurate account was produced, and it con tinued to improve from year to year for a consider able period. He hoped that the resources of the country would in future be accurately examined, and regularly stated in the accounts, as was the case in 1798 and 1799. Not only did he hope that this course would be adopted, but he trusted also that the accounts of our Income and Expenditure would be laid before the House in time. At pre;ent, they were generally produced about the end of March, and two months more elapsed before they were in a proper shape to be placed in the hands of Members. Mr. LUSHINGTON said, if the Gentlemen op posite would look at the words of his Right Honour able Friend's motion, they would find that it precisely embraced those objects which they appeared to hive in view, viz. the simplification of the accounts, and the getting ready a statement of the annual receipt and expenditnre'of the country, at as eatly a period as possible. The accounts would be laid on the table by the 25th of March, and measures would be takeri to have them printed much sooner than they were at present. The labours of the Committee would not be so light as the Honourable Baronet seemed to ima• t gine. The range of their investigation would be so', extensive, that it was doubtful whether they would be able to make a Report this Session. Ile hoped, however, that their labours would enable Govern ment to lay the annual accounts before the House much earlier than heretofore, and in a different shape from that in which they formerly appeared. If the duties of the Committee were extended to the whole system of keeping the public accounts, as the Hon. Baronet wished, it would be impossible for them to effect any useful purpose whatever in the present Ses sion. In his opinion, the motion was sufficiently ex tensive, as it embraced accounts relative to the Pub lic Income and Expenditure, the National Debt, and the Trade and Navigation of the United Kingdom." Mr. ELLICE ditinot concur with his Honourable Friends in their view of the advantages which the country was likely to derive from this motion. He had hoped, in consequence or what occutrcd in the he mittee cular ted which aPpoin was, to inquire into the mode of managing the Sink ing Fund. They' were at present keeping up two or three useless establishments for the purpose ofpa pay i ng ' with one hand what was received by the other. Thus if /:18,000,000 or £19,000,000 was paid towards the liquidation of the debt, it was received back again in ire shape orloans. The Right Hon. Gentleman was loft to do away with the great principle which for merly distinguished the Sinking Fund system, by re moving its power of multiplication. It this were so, land if the Sinking Fund were increased to £5,000,000 without the power of accumulation, why should they not strike off that amount of the National Debt at ante? This would simplify the system, and would' save a considerable expense; because there were a great number of clerks emptived in the Bank and elsewhere--very uselessly, he thought, for their busi ness merely was to multiply labour—whose services might bedispensed with, if the Sinking Fund were applied in the manner he recommended. Another point to which he wished the attention of the Com mittee to be called, was the manner in which the Nrklue of exports and imports was made out. It had been stated that the exports of last year exceeded very much those of any former year. Now before the House and the country could be correctly informed of the state of trade, the House ought to know dis tinctly on what principles those valuations were made. They ought to know whether the principles applied to those accounts during the war were erroneous; and if so, on what principles the accounts were now made up, before they could be aware of the real state of the commerce of Great Britain. These appeared to him to be the more immediate objects to which the attention of a Committee should be directed; and he was.extremely sorry that the labours-ot the Commit tee now about to be formed were to be limited to the objects specified in the motion. One object was, however, gained—that of the appointment of a Com mittee to inspect the public accounts; and he hoped the Right Hon. Gentleman would give the House the same sort of assurance which he had given in the last Session, that, when the Committee had laid before Parliament what they had, in the first instance, done, l they might be revived in a future Session, if they could not bring their labours to a satisfactory tenni- I nation in the present. Mr. J. MARTIN hoped, if it was too late in the present Session for the Committee to execute their duties fuly, that the Right Hon. Gentleman would consent to their re-appointment at a future period. Sir J. NEWPORT thought the most satisfactory course would be for the Committee to take up patti cular branches of the subject, and report on them from time to time. They could thus proceed seriatim through the whole of the :Wilk accounts. The CHANCELLOR of the EXCHEQUER did not think it would be proper to teport from time to time, He could not consent to enlarge his motion to the ,extent which Gentlemen opposite desired. If it were so enlarged, it would bring subjects into dis cussion, the consideration of which properly belonged to other bodies. ' Some of them were, indeed, under the immediate cognizance of Government itself. Mr. P. GRENFELL asked whether the Sinking Fund would be so submitted to the Committee as that they might reduce it to what it really amounted to? The Right Honourable Gentleman had last I Session spoken of the Sinking Fund as £17,000,000, when, in fact, it was only £5,000,000. He (Mr. Grenfell) had then proposed to get rid of this machi nery, and to reduce the Sinking Fund to what it really was. The Right Hon. Gentliman had then said that a Committee would be appointed to inquire into the mode of keeping the public accounts, and that he would have no objection to the Sinking Fund being considered by them. The CHANCELLOR of the EXCHEQUER said he had certainly not meant to say that the Commit tee should be appointed for the new-modelling of the Sinking Fund. Mr. P. GRENFELL said that could not be consi dered new-modelling, which was only representing it in name and in the public accounts what it really was. The Committee were then named and agreed to. Several extracts of public accounts were referred to the said Committee. 'AR. 19. 1842. TWELVII O'CLOOt. Lade or us bothiess is delis olds isondsg in the Market.-.... emelt an, op to the boor, 7111 for the Acefoon, and for Mosey Tei f. Folmar Ssocss....The Motet Is very dot tide onandet, and esereely k g doing in foreign securitles. Spooldt as; Pm. dam 1111§ to 844 ; Danish $4 to 53; Nespolhosej teat New Oslmblee tti# to Old lode (scarce). • STC/CX EXCHANGE...Ott O'CLOCK. There is nothing defog la the Money Market, sad enorithist looks very Sat. Money is very phalli& Within the last Lott amble& bas occurred deserving notice. In the Foreign Market theta is a tend dent do!nt in Spada Bonds and those of Columbia, at soadvance in pits —Colombian Old Bonds, lase— New Bonds, buyers. PRICES OF STOCKS AT ONE O'CLOCK. S per Cent. Reduced 77 1 / 2 % 1 / 2 3 per Cent. Go& 78 1 / 2 3 / 6 —S IA per Cts.lB l / 4 V 4 per Cents. 9434 1 5 per Cent. NaOy Anns. 102 3 / 4 1 ,4 Bank Long Annuities 19 5 % 11.16 India Bonds, 61s. 625. Exchequer Bills of £l,OOO, 4s. ss. Ss. Ditto Small, 4s. 7s. pre. Consols for May, 78 1 / 2 sis- This forenoon we received a Hambnrgh Mail, bringing intelligence from Petersburgh to the 27th of March, from Moscow to the 2Sd, and Hamburgh Papers to the 12th inst. Their contents are wholly of a warlike character: the Russian Army on the Pruth, which is stated to consist of 280,000 wen, is ready to take the field ; and the whole of the second Russian Army is said to be immediately assembled in Podolia. The Turks are also augmenting their Armies in Bessarabia, and the artillery which had been removed has been brought back by the Janis saries. The following are extrricts: . . - . _ . . . •• , . . . • .. • , • • • • - • _ . . • . present . A not her ehjec osed =itZteha possi t l : " s ei csaviskse .lo etie tho weau vragat urts eessa 4 Magabloto besii . voisisiii ia.. ... N --- - - - R. 7 - . _ } THg EVENING STA the making up of , 111 . w parksd. Th e Right Homerahle 1 0,0seeman coo- r oireieseren . 7 into the pais& ecedists; and ere emem..-- --------- eluded by snoving— • , atio**, as hid. heed emelt by the Becret aith ss • - LONDON. * a 011111111a 0 be sppebiled 40 dailder lof the ale Treasury, would be thrown on such a Committee. beet mode of ebe Mamas 1/1..a..,. ma be f ore the he could not see why they should nut, like the Coop' ---.... .... 1 11M1C1 R.,.. i .1 41 :,. 111:12.116 ,,, a m C4l.llll.2" Naggssal S' tsisd" t° '-' m ast i c Inc a iyi.. mittee on Trade, report from time to time on part s - FRIDAY, APRIL 19. 1119 R. '' 'lcr. - * THX FUNDS. ... ''' 11d07 1....- e -- tinitedl Cle li deem- " . aswi ale 15.411. _ ' colas parts of the public accounts. 9ne object for - - os_ ef u th o nV.RLY did not rise to oppose the present which he wished that Comma td be appoloted ' MCI =CHANGE , TWELVII orcuk, •• • lee • Mb a • ST. PETERSBURGH, MARCH so. Sunday the-anniversaryof his Majesty's Accession to the Throne was observed in the most solemn manner. The new tariff, which will be printed in a few days, is in fact only a supplement to that already in force. It is not to be in force till the Ist of May, U.S. and all mercantile transactions and consignments of goods from abroad, previous to that date, are to be regu lated according to the present tariff. le is now posi tively known, that by the nEw supplement the fol lowing articles are for the future prohibited :—All white, green, and black cloths; refined sugar and lumps, silk manufactures, jewellery, and several ar ticles of steel. The import duty on other articles, for instance wiaes, will probably be raised SO per cent. A few days ago a third English ship arrived in the road of Revel with some thousand chests of orange:, lemons, &c. The harbour of Cronstadt is still covered with ice. MOSCOW, MARCH 23. According to a letter from Jassy many more Greeks, Wallachians, Moldavians, and other fugitives from Turkey, to the number of 7,000, who had hitherto remained quietly in Bessarabia, had received orders to quit that country, and retire further into the inte rior of Russia. From Kistenoff we learn that great magazines are forming in Bessarabia. The hopes of the evacuation of the principalities by the Turkish troops have wholly •anished. The heavy artillery has been brought back by the Janissaries, and the number of troops, which was greatly diminished, daily increases. Credible travellers represent these provinces, which, only a year ago, were so flourishing, as a frightful desert ; and the cruelties exercised by the Turks on the un fortunate inhabitants, as above all description. Fresh divisions of our troops, in the finest condition, continue to assemble on the Pruth. HAIIRURGH, APRIL It. We have received the following letter, of the 26th of March, from the South Russian frontier: " The whole of the Second Russian Army Is going to assemble in a great camp near the town Winnieza, in Podolia. His Ma jesty the Emperor is expected shortly, relays of horses being al ready prepared at all the stations for his journey. Of the corps of General Sabanleff only one division, and the Cossacks, remain in Bessarabia ; the other divisions of that corps are to go to , the great camp abovementioned. A considerable fleet is fitting out at Nicolajeio. A courier passed the frontier yesterday, with the Dews that a Congress is to be held at Warsaw.* FROM THE DANUBE, APRIL S. Letters from Russia say, that the first army, assem bled on the Pruth, and ready to take the field, cor.- sists of 280,000 men, of which a large proportion is cavalry, and of dragoons alone 26,000. It is said to have been shewn by experience, that this description lof troops has always been eminently serviceable in the wars with the Turks. The same letters state, that the park of artillery is to consist of 500 pieces of can non. At Kaluga, the great depot of arms for South Russia, immense quantities of military stores of all kinds are collected. FROM THE MAINE, 'APRIL 3. Several families in Brabant have sent special mes sengers, at their own expense, to the Prince of Ho henlohe, at Bamberg, requesting him to pronounce 3 benediction upon persons confined by sickness in Bra bant, and to cure them though at a distance. lie had drawn up regular formulas, and had theca printed in the French and German languages, only' leaving blanks for the day and hour of the cure. The Paris Journals of Tuesday have reached us.— Ou 'Monday an animated debate took place in Cbs MISCELLANEOUS. The Seditious Meetings Amendment Bill, and the Colonial Trade Securities Bill, were each read a second time. The Report on the Irish Malt Duties Repeal Bill was brought up, and, after a few words from Mr. S. Rica, the CIIANCELLOS of the Excittoota, and Sir J. Ntwroav, was read, and ordered to be taken into consideration on Wednesday next. The Report on the Countervailing Malt Duties Bill was also brought up, and ordered to be taken into consideration on Wed nesday melt. The Esau license Bill went through a Committee. Report to be received to-morrow. The 1•lax and Cotton Bill went through a Committee. Re port to-morrow. Mr. WALLACE brought in the Warehousing Bill, which was read a first time, and ordered to be read a second time on the Sd of May. • Lord PALMERSTON presented a Recant of the number and names of Military ()Ewen receiving pensions fur wounds received in service.—Ordered to be printed. Mr. LUSHINGTON presented certain Returns relating to the imports of Coffee, Sugar, and Rum.—Ordered to be printed. Mr; BERNAL gave notice that he would to-morrow move for a copy of the fees charged by Consuls-General Adjourned at half--past Six. A meeting is about to be called of the Merchants, Ship-owners, &c. of London, for the purpose of pre senting a representation to Government on the expe diency of permitting the ships belonging to the Ile publics of Columbia, Buenos Ayres, Chili, &c. to be admitted into our ports (when coming direct from their respective countries, and laden with the produce thereof,) in the same manner as the ships of the United States and Brasil. The altered situation of these countries, in coniequence of their being no longer colonies of Spain, seems to render some such regula- 1 tion advisable, and the mercantile interest feel a degree of anxiety lest the withholding it should pre-' duce, on the other side, regulations unfavourable to the admission of our shipping into their ports, on the same terms with those of nations which may giant to thew Republics that recipropity. • I ~+ 1 'II II • r, .( i ti _ Cif BM