Star. — London, England, 1831-02-12 00:00:00

• 1 • wild consent to a ireasure by which their interests would be materially &fleeted.— ( Hear, hear.) Mr. WARD said he was taken by surprise, that he was unable to suppress his feelings, but he should ever resist any attack on the pub lic creditor. The noble lord's measure was the boldest he had ever heard. That when Europe was convulsed he should be content with a surplus of 480,0001. was most surprising. Keen if peace was certain he thought there should be considerable surplus. This was the opi nion of Mr. Pitt and Mr. Fox, and the house had come to a resolution in 1789, that a surplus of 5,000,0001. was necessary; subsequently it was reduced to 3.000.11001. which was nearly the amount last year. It was for the benefit of the country to have a surplus income; and he greatly lamented that the noble lord should hold a contrary opinion. He thought the fundholders should be allowed tepresentatives in that house for the protection of property ; he should for ever oppose any at. tack on their property. Mr Alderman W a ITH 111 AN said he could sot approve of all the Goble lord's plan of finance. The trade with Canada was most Inver tant ; the interest of the colony should not be sacrificed as was proposed by the increase of duty on Canada timber. The next article was wine. Our trade with Portugal was always important, and we were now going to sacrifice it by equalizing the duty on wine, and this for the advan tage of France, which took nothing from us. He thought the noble lord was perfectly right in raking off the duty on printed calico, and in laying a duty on cotton. The most material tax was that on the funds and Landed Property. The tax was most unjust on both. (Hear.) The funds were transferred many times in a day; on whom was the tax to fall The tax on the sale of land was often a tax on distress which compelled the sale. Why not have a tax on property ? (Hear.) He did not oppose the tax to embarrass Government. He would be sorry to see them displaced. There was an immense mass of property , from ground-rents which wholly escaped taxation. Why were the absentees not taxed ? (Hear.) Mr. Vansittart estimated the sums spent by ab sentees at 2,500,0001. He believed it was now doubled, and ought not to be allowed to escape. (Hear.) The house and window taxes were most vexatious and unequal. Mr. Pitt was convinced that two-thirds of the value of houses in trade were owing to their being so engaged ; and accordingly two-thirds of their value were remitted in the property tax. He hoped the noble lord would take these taxes into considera tion. He defied any Government to grant .any great relief to the people by reduction of taxation and keep faith with the public cre ditor, under the present system of representation. They had but one course—that was to throw themselves on the people, and if they pe rished, to perish gloriously. Mr. J. SMITH said, no person had seen the formation of the pre sent government with more satisfaction than himself. But he thought one part of the noble lord's plan was ill advised, unjust, would be in jurious, and ought not to be persevered in. He could never agree to violate faith with the public creditor. There was one resource to pre vent it, that was to tax the rich ; and he would rather see a tax of 20 per cent. laid on property than see the honour of the country tarnished. The funds were the object of constant transfer; bankers always made large advances on transfers in the funds ; and in the late panic, had it not been for the exertions made by individuals at that time to grant re lief by raising money on the funds, ruin would extend all over Eng land. The noble lord had propose d to lay the tax on bona fide trans actions ; but how was he to ascertain the difference? He knew that at this moment there were contracts in London for millions of stands of arms, and millions of yards of cloth—how could any prudent man make such a contract if he could not raise money on the funds? He mentioned that day to the hon. member for Callington, that it was the noble lord's intention to propose the tax he had just proposed on the transfer of funded property. The hon. gentleman s reply was, "it can't be true; its a stork-jobbing lie." (Hear.) He told the hon. gent. he knew it was true, because he had it from a person who never had misin. formed him, and who had means of knowing the intentions of ministers. Much as he lamented the pressure of taxation caused by the funded system, it was to that system we now owed the preservation of the peace f Europe. He was not afraid of war ; but war could never again be made by this country except for self-defence, or the pre. servation of the national honour ; and these were consequences of the funded system at which he rejoiced. If the national faith was broken no one could tell what might be the consequences. He hoped the noble lord would re-consider his proposal, and consult with those who were capable of forming opinions that would deserve his consideration.— Some might think slightingly of the monied interest : but he could tell them that the prosperity of the monied interest was blended with the prosperity of the country. He felt great reluctance to oppose any measure of the present Government, but this measure he would oppose because it was injurious to the national faith and honour, and, conse quently, to the hest interests of the country. (Hear.) Mr. 3IABERLY said, he had always been against a Sinking Fund as the best means of maintaining the credit of the country; be consi dered that the credit of the country was best supported by productive taxation. He had no objection to the redemption of the debt, if that could be erected ; but he thought the credit of the country would be best improved, by reducing the present large amount of taxation. The modifications of the revenue now proposed were perfectly jusdfiableoa principle; they ought to take place, and the greatest credit was due to the noble lord for having brought them forward fairly and gal lantly. (Hear, beer.) Gentlemen opposite might urge that the plans were hazardous; but he contended that the principle of the modifica tions was just. and that the articles selected for the application of such principle were judiciously chosen. (Hear, bear.) The duty on tobacco had caused a large expenditure, to prevent sm ugg ling ; that outlay would be saved, and the article rendered more accessible to those who were large consumers, the poor. The duty on coals was properly repealed ; it was an unfair and an unjust tax. The tax on tallow candles was judiciously reduced ; it had produced a small sum only, while it was an article of essential use to the poor and labouring classes. To the reduction of the duty on calicoes he thought none could object. It produced about 2,000,0001. out of which 1,800,0001. or 1,600,0001. was returned in drawback, leaving a balance of 400,0001. only, besides being a tax so imposed as to encourage many frauds. The repeal of the glass duty was also good ; it would most beneficially encourage that branch of our trade and ingenuity. The next question was, the great and import ant one-..what were to be proposed in lieu of taxes reduced ? From one proposition he must differ, that of imposing a duty sea raw material instead of the printed article, because one was of more easy collection than the other. As to the tax on steam-packet passen gers he did not object to it, because, as travellers by coaches, &c. were taxed, be saw no reason for exempting those who were conveyed by steam-packets. With respect to the most important change, the tax on the transfer of property, whether landed or funded, he objected to the principle of it ; he thought as few obstacles as possible ought to be thrown in the way of such transfers taking place. (Hear.) Those transfers should be free from the trammels of tax, especially transfers in the funds. Asto the proposed tax being a violation of contract, he disregarded that assertion. Was the income tax a violation of contract? But he objected to the policy of it, thinking more harm would be done by the difficulties thrown in the way of transfers than the Government would get good by it in the way of revenue. Though it had been suggested, he trusted it would not be enforced ; he trusted that the house would be able to suggest some sub stitute for it. Had a tax been put on coals at the pit's mouth— (War, hear, and no, no.)—and a further tax on spirits, he thought they would be much leas objectionable and much leas, objected to. How ever, the propositions having been made by the ministers, not desiring to embarrass them, be should not oppose them. Mr. K. DOUGLAS said, he was persuaded that but one feeling would pervade the country, when they leant the most peculiar part of this plan ; that all would declare it to be unjust, if not dishonest. (Hear, hear, hear.) Whatever might be the fate of the proposition, it would have a moral reflection on the Ministers, of which they would never get rid. (Cries of no, no.) The prin ciple of it was destructive of the best interests of a commercial country like this. It bad not been mentioned whether the proposed tax on transfers were to extend to those of savings banks, companies, &x. He thought, if that was not explained, the statement that would appear before the public tomorrow, would lead to the belief that such was 'his intention. He therefore hoped that an explanation would be given to that point. He (Mr. Keith Douglas) also objected to the equalization or the duty on wine, a distinction ought to be made be. twerp that imported from our own colonies from that of foreign =m aim He regretted that no allusion had been made by the noble lord to the distress that existed in the West Indies. The hon. member said, he should give the resolutions the most decided and determined opposition. Mr. Alderman THOMPSON said : he should give his strongest op. position to the proposed transfer tax. He was persuaded that the tax would be heard with alarm and dismay. In justice to his constituents, he could not let the present discussion pass over without offering a new observations, arid expressing his opposition to that proposition of the Noble Lor d for laying a tax on the transfer of funded property. If the public creditor had relied on the justice of Parliament at a tune when they considered the reduction of the Five Per Cents to four, and the Four per Cents to three and a-half, they then relied upon the assurance that no alteration would be made on the funded property, and agreed to the proposition. He was confident it would create the greatest dissatis faction In the City of London, and might afford a precedent for the Mi. nister of next year, whoever he might be, to come down ' to the Mau, and lay an additional tax of one, two, or three per cent. If this tax on the transfer of the funded property were to take place, it would have the effect of driving capital out of this country into others, where the Government did sot interfere.—(Hear, hear.) .He was quite lathed with the proposition of the reduction of the duties on coals, ittLikc.'butif the measure was to be accompanied by a tax em of funded property, be was sure the country would much mem that things should remain in the same state that they were at prism% than bayonet& alteration.—(Hear.) Sir J. WROTTESLICY did not consider that there was any ground for the impaistion of bad faith that had been thrown on the proposed tax es bowskes in the funds. If he thought there were any ground foe the great as was his wish to sac tbeiwesent Govern ors; meet, should withhold his support we. This was not the AM thaw the matter had boo —lt was argued at past length when the Income tax war pr ; and he'eontended that the quesuse was then settled—dust th e principle now wished to be urged was broken in upon by the manse tax. Thee was no fear of the re sent proposition being drawn into a bed precedent.-the tax was not laid . upon the funds ady, lint upentspgdosjef ite. If k were as the hide ady, them wadi the he essephised of. He mug pot see *unite= la that mow ProPoiedsand the plattof the ire mess. /soft flmmlidend, its utility, in the hal bent els lea theneht hod been aufficiendy ex ploded by limn museaus lon Gentrille. He consider ed ths pearaftisea ,Mbditeis deL They were calculated to remove thaw bogus that tined Id the way of inerensed industry ; and that wards was mist lenias trim k was known what were the die. transee, coantey. ye amid rte d aintesoplent these dinteeeses, and he could tweak of them mean fe& al than he cull have done three' months sp. when outrages woes without feeling thet they ought to do all in their pawl to Teller* g=diellseawn. • The reduction of the duties on candles and 'eels was meet thy, as also was that on tobacco, it being used to ate pa% *bunk= as the weed migM be to some. On thew hole,* emild net but 'ewe of what the nolble lord had proposed, and he theu?bt his Loide had amply redeemed the ir lges be and his Mends had given. SR. PEEL said It might be betters. postpone observations on the details of the financial plans submitted to the huge, till they could be more fully considered, because it was quite impossible, after having only just heard them for the first time, to speak of them particularly with the requisite accuracy. However, on some parts of the plan be wished to make some few remarks. The professed object was a commu tation of Taxes. In effecting it danger might result to the revenue w i t hout advantage to the consumer. Experience had shown, that re ductions of taxation had benefitted the dealers only—that no advantage had resulted to the consumers , that, indeed, in some instance the deal ers, on the reduction of taxation, had by some means contrived to in crease the prices of articles to the-public. If, therefore, the public were to have changes of taxation—an Increase on some articles on the ground that there was a diminution in other taxes, and that diminution did not take place, owing to the operations of trade, while the increase ne cesaarily took effect, such change would, pro tanto, amount to an in crease of the public burthens. He urged thus much to show that there ought to take place the most cautious examination of the articles se lected for the proposed commutation of taxation. In the present case, generally speaking, he considered the selections good for reduction of taxation, provided the country was in a state to bear the reductions of taxation—always assuming that these should be surplus revenue. The repeal of the duty on ses-borne coals, he admitted, was most beneficial. (Hear, bear, hear.) The tax was unequal; it was on an article that was most essential to the comforts of the lower orders, and it consequently, in many instances, caused the poor to pilfer for fuel, which confounded the notions of right and wrong, and generated between the rich and the poor. On this account, as well as because the repeal would be beneficial to trade, be approved of it, al ways assuming that the country could lOW reduction of taxation. As to the tax on passengers by steam-packets, . would it not be most injurious to the conveyances between England and Ireland in parti cular ?—(Hear.) It would double the cost of the passage, and, as the tax might not allow for poverty, would it not, in many instances, act vs a prohibition of intercourse between the two countries ? lint be this as it might, it did appear to him, without indulging in any thing like party spirit, that a ll the other matters that had passed this Session, were of minor importance, compared with the proposed tax on the funds--(Hear, hear). He trusted that the noble lord would reconsider this proposition ; for he deliberately declared, with. out indulging in any thing like party prejudice or predilections, that if this preposition were carried. he considered it would seriously tarnish the fair fame of this country. if the noble lord read the words of the acts, securing interest for the money borrowed, he would see that they over and over again guaranteed to the lenders the power of transferring their shares without ever being exposed to any stamp duties or tax on such transfers. How could they rail off those words ? To neglect that pro. vision, was it not to violate the contract entered into ? If it were car ried, it would be adopting that which bed ever been resisted in this country, and disturbing that principle and public faith for which this country had been contradistinguished from all other countries. If it were adopted,7now when there was no special pressure, would not the public creditor say, what security was there for him still further demands upon him in violation of the contract? a t a r t at might not be the consequences, if there were to arrive any difficulties similar to those of 1797 and 1798 ? If there were to be such attacks in time of peace, what might not be the proceeding in the event of great difficulties occurring? In his estimation the present was not a question of policy, but of morals. If it were to be carried, he con sidered that there would be an end of public faith; it the public creditors were to be thus treated, they might as well, at once shut up the Courts of Justice. If that were to be done, let not the Govern ment, nor the Courts, any longer upbraid individuals if they followed the principle of the transaction proposed to be adopted in this use. By adhering to public faith, they had within the last six years been enabled to reduce the five to four per cents, and the four to three and a half, and thus to reduce the burden of the debt to the extent of 2,600,0001. That was effected by a legitimate and honourable course, and because the public faith had been rigidly maintained. Had not that faith been so rigidly kept , did t he y think that those reductions could have been satisfactorily effected ? He regretted that the tax on transfer of land bad been adduced as, he must say, a pre text, for the proposed tax on transfers in the funds. The eases wen decidedly dissimilar. He thought that the proposed transfer duty was oppressive to a tremendous extent, which appeared to him not to be the policy of this country. The conclusion after all brought them to this predicament, that the poor would derive little abridgement of burden from the general reduction of taxation. When he heard the noble lord express that sentiment, it perfectly convinced him that he never had contemplated any thing but which, after so much expectation, must shake the public confidence. He would oppose most decidedly this tax on the transfer of property. Sir J. WROTTESLEY and Sit RORF.RT PEEL had a short explanation. Lord ALTHORP admitted that the Act of Parliament was as strops against imposing a taa on the funds as it was upon transfer of pro. wry, but he had taken the same view of it u had been taken by Mr. Pitt ; and when the hon. member made the objection, he ought what* recollected that fact. The noble lord contended it was but just that when funded property has all the protection that other peopert property y has in this country, it had a right to be taxed as well as other (hear). Hebei made a distinction in what might occur from temporary trans fers on mortgages; the tax should only apply to bona fide sales; and the measures he applied that in such cases it could not be levied where the stock on these terms, returned to the same hands. The noble lord did not think that to reduce taxation would, under present circumstances, so materially bring relief to the labouring classes as to adopt such means as would bring them employment. If any reduction was to be made in the West India taxation, it watt toreduce the establishment. — He did not think that the contract with the public creditor would be in jured by the messure.—(Cries of " Question 1") Mr. FRESHFIELD said be would not attempt to take front the merit of the right honourable baronet who had so ably exposed the op pression proposed to be inflicted on the public creditor. It was iu vain for any man to urge argument against the pristine justice that was registered in the original Acts of Parliament. (Hear.) He had been taken quite by surprise on this head; he had, indeed, heard a rumour that morning of such a measure being in contemplation, and he bad ransacked the Acts of Parliament on the subject. He contended that the tax would act unequally. Colonel SI BTHORPE said, that from all dist had been promised he expected to hear of great reductions in places, and in the customs, and other departments, but belied only heard of some sixty or so, and who or what they were, no one knew. He had hoped to hear of the reduc tion of some direct taxation—such as the assessed taxes, but he had been disappointed. The noble lord had said that there would be little saving in money, but there would be a great saving in patronage ; but the people of England must have something more in induction than pa tronage. He thought it right that persons should be made to pay for luxuries which they could do without, and he would tether see the whole of the duty taken off malt, than one-half of the duty off wine, fond as he was of a glass of wine. General GASCOYNE thought that the intentions of ministers were good ' • but there were one or two questionss which, for information, ought to be better known. Did the Chancellor of the Exchequer mean a penny a pound on ;rotten only, or did he mean to put a penny addl. tional to the now existing duty ? He (Gen. Gascoyoe) had always thought tiktit was considered the soundest policy to have the raw ma terial as cheap as possible, and if the noble lord meant to abridge the duty no printed cottons, and put it on the raw mineral,' he considered that to be very impolitic. With regard to coals, he had not said whe ther the ten shillings pa ton was to apply to coals for all countries, — either for home or abroad. Considering the anxiety that pervaded the country, regarding the transactions of that night, he hoped that the noble lord would give some explanation. Lord ALTHORP rose and explained, that the duty on the printed cottons had been repealed on account of Its improper character, the small result which it left in the Treasury, and the liability to fraud to which the revenue was by it exposed to ; and vindicated as the more preferable measure the tax on the raw material. The tax on coals he also ex plained, that instead of the graduated scale of duty on small and Imp coals he had applied one tax of 10s. on all, which be considered a reds& tion. The noble lord also repeated his original statement regarding the transfer duty. Mr. C. GRANT said he would touch the subject but lightly that his noble friend bad endeavoured to call into action, namely, that description of taxation which was to bear more lightly on the springs of industry, and to introduce another description of taxation more wholesome. It appeared to him that it was not a question between faith and public creditor, but it was a question of faith alone. All the gentlemen who had stood up had said that they had been taken by sur prise so much, that they were unable to ex pre ss s their sentiments, et it had transpired, in the course of their speeches, that they had all bead a rumour that such was to be the case on the previous day. He had not yet beard any gentleman attempt to explain what was the dame* between a tax on income and a tax on the funds. One gentleman bad said, that Mr. Pitt had made a distinction between a tax on the funds and a nut on income ; but he (Mr. C. Grant) would rescue Mr. Pitt's character hem that imputation, for Mr. Pitt was always the advocate for ppaseving faith with the public creditor, and Mr. Pitt combated the doctrine, that a tax upon income was a breach of faith with the public creditor. The hoc. member read a printed extract from the speech of Mr. Pitt. It was not his province to question whether or not that was mew ",111Mv - r' poi • ~ the right construction; but in no ease had be ever heard of in besot tax Wog urged as an Infringement upon the public creditor. Be did not believe that if t measures would pass, it would prevent my one becoming a public Mr. E. SUGDEN eitrprised that the noble lord should have nu. sacked the PerifollifaNST imports, and should have selected for his pre ardent the only Miff askliffht Mr. Pitt bad ever committed. (Cries o f no no.) He weelkillello it be he sat down. It was nothing be; as ustjeet, teak wed illegal tax--(beer, bear, hear)—one whiff' maid eisfialy break faith with the pubis meals& The only pawl Bea Me. Pitt had was, that be was mist Illell as tax all pro- Blelff he men mist let these eseape. The Ben. Member, at great , MINA lahe as ienslivelle• of the Acts, .I opfil, that he ow 1 Os b e d ors of the vielethod MY Acts of Par. 1 1 Ms bed ome both by His rest rthelethseary tribune"; =Ms in the Bet Sid i that no duty übstever was to be tax en thst stampl any whissr iin tray tredithr woula thre e( stoa t. meal . He could MA met a pa comi ni ve en t on the weir of fuelled preview weld pug an end to the syslmn by which our credit had hitherto stood higher then that of any other Nation, and which had attracted to this country all the surplus capital of the defined world. They might mesh the effect of the pro. position by what would occur tomorrow in the City. ibere were none with money in the hods who would not in consequence experience con. siderable losses.—( Hear.) Mr. WARBURTON approved of the augamoted tax on the export of coals; the produce of the Newcastle mime Pohl not, it appeared, last longer than four or five hundred years. (A laugh.) He approved of the reduction of the glass duty ; the consequence of the present high duty had been that the foreign optical instruments were superior to ours. (Hear.) With respect to cotton, he regretted that three-fourths of the duty should be taken away from the Treasury by the drawback ; he I should prefer a much smaller duty on the manufacture, both for foreign tad domino use, with no drawback. He regretted the tax on I sisem.bosts, as it fell on an infant branch, and impeded communica- I den. With rest to the greet question, the tax on the transfer of foals, he regretted it. Besides the consideration of public faith, the tax hi beerier on the funded property than on the real property, the 1 Yeah of the former being much greater than those of the latter.— ( ,h u m ) I Mr. ROBINSON dem% cited the fund transfer tax, as taking away Bo National credit. The timber tax was unfair, in regard to Canada, Wheelies changes which would result from the Colonial Trade Bill were as pet minterra ; it was injurious to our shipping, foreign timber being besught in foreign, and that of Canada in British ships. With respect se the general reduction of taxation, it really amounted to only 300,9001. 'or 41M,MMIL it was much below expectation. Cialimel TYRRELL had expected some diminution in the malt duty. AZtan agriculturist he should oppose the transfer of fund tax, as g the circulation of the one thing needful (a laugh), and as de structive of the national credit. On the whole, the noble lord's finan dal statement would be considered as a great failure. Lord MORPETH considered the statement of that evening as very creditable to Government, and also satisfactory to the commu nity. A war cry had been raised on the other side of the house, taw the imposing names of spoliation and the violation of the =- shad faith. He was not acquainted with the acts of parliament bearing on the subject, (Hear, hear,) but be trusted that the opinion he was about to give would not be inconsistent with that adults dm He would only say that the declaration he had heard, however &game and however appropriate, if founded on strict law, did not gain its purpose if a grader difference was not made out between the taxing of property itself h and out of the pocket, and the taxing of its trans fer. He did not see why, when every other interest was taxed and de. , the funded interest should alone be exempt from burden. On policy of the measure, being unacquainted with the subject, be was not very qualified to speak. The repeal of the tax on sea-borne coal— the most prominent reduction in the budget--he approved of as being the repsd of a partial and very severe tax. (Hear, bear, hear.)— With respect to the repeal of the tax on printed c alicoes. he had always considered it as most objectionable on account of its pres sure on general industry—its exposure to fraud and its compa rative unproductiveness to the revenue. (Hear, bear.) He rejoiced at the r duction of the tax on newspapers and advertisements, as relating to a subject in which he had always taken a great inte rest. He should conclude with one word on the general behaviour of Government. Some disappointment had been felt with respect to the Civil List, that no further reduction had been made. lie would only say that where ministers hail refrained from reduction, it had been from a strict sense of justice sod of delicac and where they had made redly , - I gloos it had been at the expense of their own By following these ways—the way of honour—they might not sati all expectations, nor meet with all the popularity which, by other means, they might have acquired; but they would obtain the approbation of the impartial, the confidence of the wise, and, In the long run. he was confident all thereat would be added unto them.—(Hear, hear.) Mr. EVANS said a few words. lUD. W. HARVEY said, than if the tax on the transfer of funds We misted on principle, they must forego all expectations of relief ' Sens a tax on property. The Act of Parliament applied as much against an income tax as against the tax now propos ed . He did not any panic. His only rwet was, that to the present tax of =don am t transfer of fonds, that had not been substituted a p uma property tax to the extent of several millions. Mr. H. SUMNER said that the repeal of the duty on sea-bane coals would be of greater advantage to the lower elegies than could have been that of any other tax whatever. Mr. BENET said the fundholders, having been benefitted by the change in the currency to an extent of more than 30 per cent. in their capital, could esesplein with no justice of the imposition of a tax of one per osnt.e• the treader of funds. He entirely approved of the taxes which the noble lord bad selected for reduction. Mr. HUNT said that three parties had addressed the house—the law, the hied, end the moneyed interest. He was the representative of the people—(aies of oh loh 1) and not of any particular party—it I was Ids duty to protect the interest of all parties. With respect to the' fineacial statement of the noble lord, as far as the taking off of taxes went—(a laugh) -he was thankful for it on the part of the people.— He w oul d have wished that foe the reduction of the tax as tobecese, the asibidea eta tax on some necessary of life, each as seep, bed bum sabadethed. The use of tobacco wee the use of the mhos of a die. weed. (Mach laughter.) The second redacties had met with C lag aippeolneisa tithe whole house, and it would meet with that of the sense the reduction of the newspaper tax. With respect I P : Sb tax e on emborne coal, it was almost a disgrace that a tax en snob a necessary of life should have remained so long. (Hear, beez.)— iloerever, if Government did not do away with the meter system, and the in the :city, t present meaaure would be attended With He concurred with the right hoh. best. that the partial IBMS off of a duty was an advantage of which the dealer and menu. theturer alone reaped the benefit; but that was Dot 'the case when there was a total repeal. In oue instance only, that of leather, a total repeal bed not been accompanied with a sensible dimination of price. But the reason was, that on account of the troubled state of South America at the time, there was a great deficiency in the import of skins. (Hear, hear, hear.) In every other case the benefit of the public had been great. The partial reduction of the salt.tax, for insratice, was little felt; but when the tax was wholly repealed, the relief bed been great. With respect to the repeal of the tax on printed dimes, the whole country must rejoice at that, because the duty pressed much more heavily on the poor than on the rich. He regret ted the Chancellor of the Exchequer found it necessary to lay a duty of a peony in the pound on cotton. If the duty was to be the same on low.peiced and on high-priced cotton, that was legislating against the poor. (Hear.) All, however, must be aware that no considerable sum could be raised by a tax that only affected a few. The Chancellor of the Exchequer had certainly come forward clearly and explicitly, and he had no doubt his plans were formed with a view to benefit the coun try. (Hear.) The Government had taken the reins under three pledges to the people—teductioa of expense ; reform of Parliament ; and non interference with foreign powers. Great expectations had been formed by the country of their performances, and he hoped they would not be disappointed. He had heard with great delight the speech of the honourable bareeet, which was so complete, that every one since only wakened his argument. The only error Government com mitted was in pressing to relieve the country and keep what they called national faith, which was impossible. He could tell them what they called national faith, out of doors wee called national robbery and de lusion, and he concurred in that opinion. He would al to the late of State, and the late Chancellor of the Ex chequ er, whether B :y eell a not made an alteration in the currency ; by whic be who had purchased in the funds at the price of one sack of wheat. received from the people the of two sacks of wheat. The Right Hon. Batt. said be had never ed his opinion on national faith, and that Govern ment had always preserved it; but in 1707 an order of Council was passed, by which every man who could before, for a pound-note and a sh, get a guinea at the Bank, could get settling but 1 promise to pay ling for I promise to psy.—(Hear.)—An act was passed to make that Oda in Council law, which provided that in six months after the peace the bits of paper should again be paid in gold: was that done ? It was not; end was not that a violation of national faith ? Might they not cell every set that repealed another act a violation of national faith? He repesemssil working people in that house, and if not heard there, or ass Ws lit Nader service to the people who sent him there, he should make Ms bow, and retire. He was bred up in the Burdett school—(A =) He bad heard the hon. bament give descriptions of that house, It might be disorder" to repesi—hs supposed he was nos disor thdy--(lfeer.) He would have gnat pleasure is telling his cooed. mutts, when be met them, that he bad received fair play in that house fi2e s eii,t&libleil e r i a.,..he a ar ad so bon. member y i of t , ha a ll a rou a se cam. ) Ilit—tW. MIN* Ist Isiversessahlre. bed made an eloquent be might ides tacks *mistake. It happened to him in the Zt i4 ot =hg's Snob that be had to segue for a rule, whit k was =s e d d = a mid Chuttomn, prec l e !er as ber he et was tbst Hou bandingl upTh to ~eldabadthe ONO be (Mr. ) it and read it all through. Be this A s bawds' it tab telliel the thm on that psatudent he rimed hie ' true. Mr. ~SS Bayley mid it, said to the Learned Gentle.' man by whom he was ort= sm, but hive the rte . He Was glad to meet the Learned in a different situation in that z riv..l fr r7rFFifiggre Hesse; for, though a persecuted man, be never harboured feelings of resentment, and none should ever appear there—(Hear, hey.l The noble lord's plan would exdts a cry against ministers in the moneyeef interest, and a slight panic in the city; but he was confident the cry would be for them all over the country. (Hear, hear, hear.) He wished they had been bold enough to take off the tax on malt and soap, and the assessed taxes, and lay on a property tax. (Hear, hear.) A s f ar as the taking off taxes they should have his support. (Hear, hear, and a laugh.) He believed ministers knew less of the public feeling than lany other men. He had an extensive correspondence—rather too erten ' sive—for yesterday he received twenty-seven letters more than his num. bee (a laugh.) He knew the people of England looked to ministers for re. duction of taxation and would support them, but he believed ministers had not the power of making such reduction with the present state of Pella. ! ment. Let them give the people a reform in Parliament, and with a house of commons that really represented the people they might depend on support. The Chancellor of the Excbequet committed a great error 1 in saying the manufactures of the country were in a prosperous state . They immediately said at the opposite side of the house, if the menu. factures were flourishing, why break national faith for their support ? The equalisation of the duty en wine he thought excellent ; but the tax lon steam boats was calculated to cut off all communication between_ I Paddy and John Bull. If hi inisters would boldly throw themselves or. the people, the people would stand by them in opposition to all the no. minees:of boroughmongers. Col. WOOD said he hoped the boo. gentleman would give credit to others for doing their duty towards their constituents as he had towards his, and that all would feel that they had one common interest. He wished the reduction of duty had been made on malt instead of tobacco, by which all classes would be benefited. The consumption of malt had not kept pace will the increase of population, which showed that the duty was too high. If one-fifth of the duty on malt was taken off he did not think it would diminish the revenue. The repeal of the duty on coals was one of the greatest boons that could be given to the public ; the repeal of the duty on candles was also a great boon ; but he must deprecate the tax on funded property, as the country should strain every nerve to keep faith with the public creditor.—(Hear, hear.) I Mr. BEAUMONT expressed his satisfaction at the messutes pro. posed by the Chancellor of the Exchequer. The Resolution was then put from the chair and agreed to. The House resumed. The Report was ordered to be brought up on Monday. . On the motion of Mr. LITTLETON, the bill to prevent the payment of wages in goods was read a second time pro forma, and ordered to be printed. On the motion of Mr. HUGHES HUGHES, the Party Wall Bill , was read a second time, and ordered to be committed on Thursday next. The LORD ADVOCATE of SCOTLAND brought in a Bill to continue the present bankrupt laws of Scotland—Read a first time, and ordered to be read a second time on Monday. Mr. WYNN gave notice that be would move the Army Estimates on Friday next. Lord STRATHAVEN presented a petition from certain farmers for the repeal of the duty on carts with metallic springs. ; Mr. GUEST moved for a return of all pensions and allowances paid ' out of the consolidated fund.—Ordered. Lord EBRINOTON presented a petition from • person named Edward Knight, an inhabitant of Bridport, stating that the electors re ceived 101. each for their vote, and praying for a reform in Parliament. Mr. WARBURTON said, he had a petition to present from elector% of the borough, who had never been concerned in such practices, praying for a reform in parliament. Lord EBRINGTON presented petitions from Totnesa and Trow. bridge, for Reform; and a petition from the parish of Harken, in De. von, for the abolition of tithes. Unless the tithe question was set at rest, grievous consequences must ensue. He felt great alarm, and was i confident if some settlement did not speedily take place, the peace of the country would be disturbed. The noble lord presented two similar peti. tions from parishes in Devo►, and gave notice that on Monday he should present a petition from the county of Devon for parliamentary reform. Mr. CAMPBELL gave notice that on the 24th of February he should move for leave to bring in a bill to abolish fine and recovery. Mr. BOLTON CLIVE presented a petition from Hereford for re form in Parliament. Mr. WARBURTON presented a petition from Bridport, signed by all the members of the corporation, for a reform in Parliament; and a petition from Banbury, stating that there were but eight electors, and the members wee, in fact, returned by a noble earl—they prayed for reform in Parliament. Sir CHARLES TYRRELL presented a petition from a parish in Suffolk, for the repeal of the malt duty. Mr. BYNO presented a petition from Pancras, for modifying the new pollee act. Colonel ISIBTHORP moved for a return of the number of licences granted to bone.dealen in England for the years 1829, and 1830.- Ordered. Mr. O'OORMAN bfAHON gave notice, that on Monday be would move foe a copy of an ;amendment moved by Lord Cony. to an address to his Malady in June, 1800, in the Irish House of Commons; and a copy of the protest of Irish Peers against the Act of Union ; and a copy of an amendment moved by Mr. Orey in the English House of Commons, on the motion made by Mr. Pitt, for leave to bring in a Bill to unite the Parliaments of Great Britain and Ireland. The House adjourned at Half-put Twelve o'Cloek. CUMBERLAND HAY-MARKET-THIS DAY. Coarse Heavy Lowland Meadow Hay, At Os. to .8 1 2 ss. Useful ditto, .tt sa. to ZS 10s. Fine Upland Meadow and Rye Grass Hay, 43 15.. to £4 Os. Clover Hay, .12155. to £5 Sc. Oat Straw, LI its.• to ill 14a. Wheat Straw, ,t 1 ills. to £2 Os. per load of 1 36 mews. SMITHFIELD HAY-MARKET—THIS DAY. Coarse Heavy Lowland Meadow Hay, 24 51. to 16s. Useful ditto, 43 Os. to 44 Os. Floe Upland Meadow and Rye Grua Hay, 44 Ss to 44 lOs. Clover Hay, XI Os. to .45 10s. Oat Straw, 41 10s toll 141. Wheat &raw, 41 14s. to 41 14a. be: load of 50 trusses. FARRINGDON MARICILT—THIS DAY. Prices per IS. to the consumer Bear—Finest Roasting, 644 to 74d. Boiling. 44c1 and sd. Rqual quantity of each, 6d Rump Steaks. 9d. 90. Beef &caks, ed. Rump of Beef. aid. Wentua Murron—Leg, 7d and 74d. Loin, Saddle, 6&d. Shoulder, 5d and 6d. Haunch, 74. and ad. Nick, 54d. Breast, 4d. VCAL—Leg. 7j4 to 9d. Fillet, tad and ltd. Loin. 74d. and aid. Breast, 74d. and ad. Neck, 7d. Shoulder, ad sag 7d. Pont, ad and ad per lb. COVENT-GARDEN MARKET—THIS DAT. There was a good supply of early Spring Vegetables and forced Mushrooms at market this morning. Fruit generally was wares. Pmts.—Asparagus, Ss to 10s per bundle; Mushrooms, Is to laid per punnet ; Sea Kali, Ss to is per punnet ; Pines. Ss to tOs per lb: Potatoes, Ss to Is per cwt. In other Fruits and Vegetables, no al teration in price. NEWGATE AND LEADENHALL—THIS DA?. By the Carrie.—Per stone of silo. Beef 21 4d Ss 241 Ss 64 I Mutton 2s 6sl Ss 4d Se Sd Veal 4s od Ss 44 as ad Pork 3s od 4s 41 A oil COUNTRY MARREMS. Wheat Barley Oats. Beans. Peas. Imperial Quarter. s. a a. a. a. R. 11. S. S. s. Norwich 73 88 36 47 26 SO 40 41 40 50 Yarmouth Uzbridge, per load- I EIS ... ... ... .. ... ... • • ..----- per quarter 38 48 27 34 37 40 41 44 Lewis, . . ..ditto 77 80 27 44 25 26 ... .. • • Warminster Devises, per qr. .... 31 44 23 31 ... .. .• --- per sack.... 21 40 . . 17 25 Newbury. Feb 10.... 54 81 30 47 22 34 34 60 3 3 44 Reading •64 80 30 42 18 31 ..... ... .• Sallabary Bodo/stoke Windsor 5B 59 21 22 ..... Ramrod, Feb. 9. ... 76 86 38 46 26 34' 34 44 i 46 Window" .. • 71 3d 36 Od 25 !_.• 1.1 r! Chelamdlead 64 80 44 48 26 31 34 38 36 48 Hemaillesepatead, id. 44 50 22 26 27 30 ..—..—... pee quarter ... • • 40 47 24 p ••• •• •• Ramsey, per load .. £16.111 • ---- per (loaner • • .. 34 38 25 28 ... .4 . 1 ao . 42 NEWARK, (NOTTS.) Fn. 9. Wheat (per quartet)... liOs to fts Rye Inferior ditto .. —s to Malt . 3ls to Mis Beans ... Oats 91s to 32s I Peas .. Inferior ditto ... -6 to -.-e I 4ls 44s .. 64s to 78 8 Stk to Ilk HIGH WATER AT LOW1)1 H. K. Homing l4 Aftersoota. U. N. 4 54 • • • . bourses a Piloted obi rablibboil by Jostle Yattrs, it the STAR Orrict, 1%. I, Pieboet-plaor. Ttobilio ADTIRTIIIRKRIPITS be Tx Ilyok, frost soy part Pi 1.70M0d Alsoydbot my Ito Irosomittod throw* Patrrsao tj al tit. Load Newipapersoof the alone &WO (pave AdeePied) dia thargb they were delirered Ike •ejlee in Lemke. ••• Omits for the . STARS., be transmitted direct to the 0 1 fee —sr Omit to die Newsmen —Se the Printer* qj Provincial Papers— 'r to tke Clerks if the General Post Wee ; &yahoo it is forlierdre4 at Ow Colonise, and all keels of Europe. I i' k , . „ :,,, ,:q % , I I ) 1 1.7177 .." • .4 81 file 84 gam lie am I%