The Statesman. — London, England, 1819-06-10 00:00:00

20 .178.0001—T0 meet this cbarr, the liner bml anted the annual taxes on Sager and To bacco, together with the temporary Erni., Doi4r. —lle should anon also in the course of Oat evening fur the continuance of the Lottery, esti mated at 240,0001. ; and the application of the pro. slate of nasal OW/ estimated at 334,0001. The ro,le roots ainnent of these means he should take at 7,074,0001.; and ender ihne circumstances it was Ibtioreely seceseary to resort to the eatraertlinery resource of • Loan to the awned of about 13 mil. lino. oral a half. The intended resumption of Cash Popsies - vs made it en unfit period for bearing hard ens the too. ey market, sad a farther sum would be required for the reduction of the (intended Debt.— With these views he had to propose tw• Loans tu the •'' Sabdilleratinn of the Committee. The first was one of to be raised by contraet ; and the otherhOrilarield bring forward es an early day, when thregruival policy which it involved might be fairly discerned. Al present he should contest himself with remedies.; thee in eider to avoid any pressure en she money market, it was proposed to take the ether 12 millions at 12 secces.ive months, gad to leave to the Commissioners for the management of the Sink. log Fund lb. power of making their payments at the,' periods of the year when they might be made with the vastest adorns's', to the Pablic. At lb. quarter ending in April, the periodical payment would not amount In less than 1,100,0001. A sem of 31C,000t. would still be applicable monthly to the reduction of the debt. The whole meant of supplies lbws raised would be 31,074,0001. leaving • surplus of 10,97u,0c01. for the diminution of the Unfunded Debt. 'Of this sum 500,0001. would be repaid to the individual holders of Eachequer and five millions daring the present year to the Bank. lie had-now to state to the Committee the terms on which the Loan bad been that day contracted for. The renditions of the Loan were, that for every 1001.-sterling there should be given 801. in the 3 per cent. Consols, and the bidding having been made in the hedseed Annuities, 621. IS. &L in that fend.— Three different parties had riffered to 'damsels this Loon, sod the terms proposed by them were, by the nee, 651. 10a., and by the oilier, GM. 2s. W., the third having and/linkers it et the low rite of 621. 181. Bd. The amount of interest on the new stock created would be 1,029,12014 and of its at. Midget Sinking Feed, 402,5911. Ily the pro. posed arrangement, the provides of the Act r f 1813 would carried into fall effort, end an additional Sinking Feud proportionate to the amount of new debt be established. such a provision might, indeed. be dispensed with in retied's* that part of the debt which had not been fended. Including, however, the there* of 10,2911. for management, the total charge 'geoid he 1.412,0061., being at • rale of in. tel of 41. ss. Dd. per wet. In the sebterlbers.— Voce an average calculation of the price of stock at 694, the whole charge to the Public would Dot 111. used 61 %l. In looking forward to the neat year, he esleglatesl that a sem of 11,000,0001. world be revoked for the public wale* , sod 5,000,0001. for a seeped repayment to the Bank. Supposing that 12,000,0001. should spin be token from the &skies Fund, • a of fear millioos would be the wand dint Noll be called for by the probable esigeseiee of the country. Ile bird now to develop to the Holm the 'peons by welch be proposed to raise the 3.000.0001. that were necessary for realisibg these lialliernal views which had been pretioirely submitted to she consideration of the flees*. Before be (m -isted on this 'abject, however, he' wished to state the amount of the unfunded debt, aid its proportion to the set, splies already voted. Ass. of 49.000,0001. had here provided for by As votes of the pre. sent Session, 44,600,0001. In this part of the ':Wield Empire, aad of 4,440,0001 is Ireland. Es. chequer Bills to the 'Vent of 20,000,0001. were out. standirig, in which must be added a vcte of 16.0000001. end 2,5C0,0001. of Irish Treerery Bills. The whole of this debt was therefore about 38,500,0001. and Aspired a redaction of 10,300,0001. Be bad wear to propose the imposition of snow fresh tames, with stir view of strengthening ti-u Consolidalad Fend, and to pay the interest of the Loan of last year. ell Well es provide for the interest of the present.—The charge for the last year was 1.600,0001. and for the 'present Would be 1,442.0001. making a total of 3,042,0001. to he rais-d in new tarns. The prin. ripel branch was a duty on foreign wool, the esti mated produce of which, together with the Conan. Lidded Customs, was 500.0001. The amount would necessarily fall into the CrseatilidatedlF und. All the new lazes bad been prepared under the immediate management and inspection of the Board of Trade. The ether articles of foliation ' to which be had to roll the attention of the Committee were co here.. tea, and pepper The duty now payable on the Importation of American and plaelatiou to. bares was ad. and • fraction per lb.; VI:Mk West Indian, la.; and 2t. open Portuguese awl Speilah.— eqrsaliasng tee duties ow East Indian and Wag Indian produce, and with the addition of tire Excise. tho Police result smell be 4s. on.coloulal, and 6a. en faro in tobacco. The effect of this regulaties would, according to his estimate, be, to produce • mom wf 500.0001. Upon colts the 'silting dot/ . was 71d., and by midst( it to li. per lb. on plantation ce tee, and front b. 4d. to 24. 6.1. on the foreign,' be odor listed the produce at 150,0001. An itterearn of the duty ow pepper of from Is. }Ord. to b. lid. per lb. would it was conceived, yield a sem of xi, boot . the noinsat of COltelll9 sod Excise chalks ors tee was at present NI per cent., the formeetudeg !mall, sad be abolitioo brier • matter of cogresient arrangement. By tramsferriog It In the Excise, end by the addition of 4 per tent., a further sem of 130,0001. might be raised. A masikierablu laving alight be elected, us well so additional facility given to commercial trans. idler's, by doing Eha7 those , multiplied segeletiess 0 which wore established by the present system of our Costoes.hons• duties.' There were two other articles et' which Ae-had to propose en increase of Joty, and these woe oils,. By se adslition of 15.211. per bisbel, or Sts, 4t1.-pee quarter, and Isy an extension of it in he firstef time new taxes indeed, the exception of tint hundred thoesmal pounds might be raised. All 'reined, be anticipates, that a sem of one million foes , upon spirit, he shvolil popes, to wend to Ireland. I. post this average of the lest year, the price of malt bed bees leer shillings per qoarter lower Chap it es' shaperiod when the last dirninetion of the ditties lark piece. T. resell of tae This. 'Gentleman's stalemeet stond thus : —Matt, in 1818, was 31. 17s. pefilsertes ; and in 1810, 41 10s. ; he allearml-101111: of hops to • quarter of malt, publish, in 1818, were at 41. per lb. and this year at 9d. ; >e that theloilli Cost of material in 1818 was 51. 194., and in 1819, 51. 84. 4.1. ; and dedurtiog the one from I h a m o os , there timid be left a balance in favour of the peewit year of 10s. 8.1. in the bleeping of • (miter : his *pl. pion therefore very fairly was, not only that the lire. wet price of beer could bear the additional tas malt, bet that if the conking harvest were f ble,the Public might look fora reduetion of the presets, price. —lllostr!] —The only remaining article to ithich be , to call the attention of the Committee was that of ! spititsdistilled in Et/Wend, for he did not mean at all to teach those of Scotland or Ireland. The - present duly per 'llion upon British spirits was Is. 9d.,which be proposed to raise to 24.; open Melt mod sear Wash it would be 2s. Gd., and open British Wine 3s. The whole amount produced by thews alterations would be 500,0'.)001. Haring Rove through them de tails he had little more to offer, eldest some Ilnes Gentleman •ished him to repeat any part of the sub ject that he had not rendered perfettly intelligible. Mr. GRENFELL observed acmes the table, thit he had not quite understood what the Right lion. Gentlemen bed said regaidinithe 11 inillioes. The CHANCELLOR of the EXCHEQUER said, with reference to the 11,000,0001., he had ob served that 13 millions were tow/iced to balance the expenditure of the present year with the income, bet that he hoped io the nest year, pertly from reduce tioas of charge principally on the [Wooded Debt, and nth/nemeses, the sem to be borrowed would not @Breed 11 mislions. Supposing, therefore, the Mose should think it safe, nest year, to retort to the Sinking Feed for a loan of 12 million., fuer ippillious in addition from private sources would bi ill that would'he required to conclude the payment-of the remaining 5.000,0001. to the Beak of England ;,1 as far as Mmistets were able at present to see, 4,000,0001. would he all that would be Decease. ry t• complete the supplies for the nest, or for any latere year.--(Cries of Mier, hear !)e' Without trespassing farther on the lima of the Hoes*, he proposed his first Resolution, which was, " that , towards the supplies of the present year 12 millions be railed by way of aenuity." Mr..Glt EN FELL wished to preface the few Mts.,. tritium he should make, by thanking the Right Hon. Gentleman for the very clear statement he had this night made. Aeseming that the revenue would male. fain its present level, he also agreed, that it was most fit that that surplus should be carried forth., then the existing amount of two millions—that it aboold be patterned by the two modes, of reduced expenditure and additional fazes, to Dee millions. After the country *bosh! thus be placed in an ettitede to cons mood respect from all the world. he should feel most happy if, by economy, by the proposed regolations is the collection of the revenue, and Isstly, by the operation of comrand interest, those five millions were raised to eight millions of surplus.— With a surplus of two millions, it would have more power to assume a defensive position : five millions would still more strengthen it, sod with.. spittle+ of eight millions, he should be glad to know If there were any natiots of the wend ((smo Cu r t f o rbid that be should insineute that there 'skied any such design). kids could make an attack upon Greet Wilde with the remotest chance of soreess.--(Cheers.)— With respect to the Loan, it was a plats that gave universal satisfaction, eacepting to a few who, tree • perversion of understandieg, obvious enough and email, explained, had taken it into their heeds that a loan of 30 millions would he much mare silvan. togeoes le the nation than one of 12 millirm. There was owe part of the sehject net adverted to. he al luded to she generally understood refusal ref the Bank of England to give the Loan Contractors and the Public that accommodation which for the last 20 or 25 years it bed afforded, by making a proportion of ' advance on the instalments of the Loan. He was very glad that they had not consented to continue this as. I Ist, because, sinless he was mach mlstakma hi his prophecy, the Pestle would Ind thus it enold dye ! without it ; and 2/11y,because the transaction exhibited the Corporation of ilia Bank of Eneldnel in its trove...l loam It was, pettier, 'lateral that the Corporatins should feel some degree of resentment &gaups' Gove r n. meat,* hich, after 20 or 25 years of seSservi•ncy.hsd at , hat broken the flattops by which they tad been so; long and injeriossly bound. They had hitherto bees ausioosly convulsed by Nlstainers in all exigencies re garding the finances, and no doubt they thoaCht it a little hard that those to whom Omagh not quite disintelestedly) they had given their advice and as. siatancis, now teased against them. Perhaps ems they 11.4 ht feel some portion of resentment at the apparent ingratitude of their proter.i.s, the Fhst Lord of the Treasury and the Chancellor of the Sachsupter.—((kcere and laughter.) —I , would he easy ter go tortes at barge into this pow, hut he would aterely congratulate Moisten that they bed at length closed their esesoeipatios from • specie. of tyranny as divest:fret to the Goverstient as injutiosa to the best interests of the country.—( Haire !)—With re spect to the proposal for raising three millions by tasei,he was certainly disposed to think that this was eat the most judicious moment for making the eaperimteL Mr. MANNING said, the compliment which had been attempted t• the Directors se individuals, be (Mr.. Manning) was not for one at all disposed to aecept„ when it was asserted that in their cot prime capacity they had been guilty of ■ total dereliction of duty, sod with acting in hostility to Govern. meat from pique, spleen, sad littleness of mind.— On the part ad himself end his coil/ogees, he (Mr. Itanniog) wpuld assert, that whatever had been the result of their deliseratinns, they bad not been actu ated by any thing like pique or animosity t o w a rd s t he existing Government; they felt theasselses ',pe s t ° , to such paltry motives, and to the 111CtselSaiiell of he irs/actuated by them. The Directors had been sad, that they were wet to he prilitici '; that they had nothing in tin with the state of the country, or its inictests . and that they aright to confine themselves so tl•eir hooks and banking hasisters ; but I. the par. licular in which the Honourable Gentleman hid blamed the Bank, he might rather to have applaud. ad it, at least if he were consistent with himself. lisps pose the loin had been millions, and the Bank bad been called upon to advance nine or ten millitess.— Suprte too au rafatourable bumf, it try ether sanimilent 'sternal ctrcumet.nee, over *Akio 1:,.y could hay, as it•fl.+eore, sego to rai.ia lb. plc, et gold to 41. 10s, or even to 41. Ss. per ...are, tett.' tint might not have been said anima at. Batik ? - Weald not the lion. Gen•leman base harri rate o the Ina to .romploin, and /n Chars. the Dire's'''. *with childish imprudence for not psear►ing a tin cantroul Gear their lassies, why. they knew that ■ Ball bad passed to compel them at a certain tidal and ar. cording to certain !inn, to pay their nolo, iw golti? (Cheers.)—lle a d the lionottiable Castleman (Mr. Greaten), that it wweld be much mote to his credit if in Nine be would abstain flora empleyiag such epithets as he had this night applord to the Beak of England, and such as those with which, wart if. tee week, and day after day, he had fatigued the Hone. lie spin !waisted, that public considers• lions only had ialonteed the Bank: at taltatem cetailibsion the Hon* might arrive, it was Re antit.ol desi►b of the Court of Directors to comply strictly with the dirmlion of Parliament. t - ,'.*. si Mr. l'FAßSBlnoisied that the attack made upon the Hank was wholly enwarranteri and unprovoked. Whether he (Mr. Grenfell) were retooled in his oni. form obese alba Bank by any feeling of pigs' or em lenge, he could best determine.—(llear I) "Mr. MELLISH said, that the accusation of the lion. Gentleman, he, for one, despised with all hit hart. Who had informed the Ilun. Gentlemen of what bed passed in the Coati of Direttoro, he (Mr. Mellish) could not of coarse knew ; bat if be did know, he 'mild be one of the first to-morrow morn ing to move he should be ezpelled.—(Crier of blear, bear !)-114 hoped to be pelmitted to make ono observatiess which ought to be stated, I though it could scarcely fail to to all who had heard the 800. Gentleman ; it was thin—that if the I)ireetor had bees (silty of a breached' confidence in communicating what had passed privately in Goad to the lion. Gentleman (Mr. Grenfell), t►at lion. Gentleman was sot quite free from a similar access. lion, or comething like 1., for publishing in the lloese the iiiteiligeoce that had been entrusted to him. The lien. Member then, in a tensor voice not very midi hie in the rimy, proceeded to notice a discordance of opinion prevailing between the Member for Porter. liagton (Mr. H ardo) and the Member for Jlatlow (Mr. Greaten) on the subject of ,be profits sod be. oases of the Bank. Mr. URENFELL esplsined. The lion. Gentle. man bad represented it as scarcely honourable in him to hare stated that there had been a division in the Covet of Directors, since that fact could not have been communicated to him wiihnot breach of cont. dente. He had only to say that he had heard the !feet stated upon the public street. and by a Bank Di i rector, when tee or three other Gentlemen were pre ' sent, and that no symptom of any necessity or any wish for *orrery had eppr•rril. I . Mr. PROTIIF.ROI'. said, that he was confidant figs the character of the Directors that they were WWI, incapable Of pique or lit.le.minele.l.it 5.. The 'circumstance alleded to meek!. lanure -, iotroilece greeter iedependento of the Mot on the pert of Go. sernment. Aa he ha I opposed temporary eapedi. Itote, hi cons;dered Mussel hound to give his support to a loved and vigetnes as of Finance. The : meinieres adopted for the r•olorstios of a nutiallic, f corrency had his entire ccocesreure. Sir J. NEWPORT said, .that lie resit/ theoght i 1 the conduct of the 131nk perfectly right. After the . steps taken for the resumption of cash payments, it mu bet fair that the Bank 'hyoid ttttt INI their own * discretion. What he thought as in the measure new ibefore the Deese had been manifested by his votes tin the two preceding nights; bat lest any doubt Anold @gist on that point, he most declare his con. 1 riction that the minify was not cappble of besting ' any additional hardens. The tag on malt was to es. 'tend to Ireland and taScotland ; the taxon spirits was i not to extend to either of those enuntrias. The con. i dect of the Right Honourable Gentleman ought to • hare been reversed; at legal the Imposition of a tat on malt ought to he matintericted by a 'molding les on vitas. Ile threw this out sithout is,, imen. lion of ingesting a new tee. It was of the utmost importance to the industry s•.il comfort of the lower I order+, of the artisan and labourer, that malt liquors should he subsiiisted for visits. Mr. BENNETT began by snag, that he lot one bad never anticippled that the income of this year would hive exceeded the espeoditon so much us it really did. He had liticipoted • surplus of even 2,000,0001.; but he Could not help at the same sate reminding the House, that the person who laid the foundation of this real Sinking Fend had pro. mind that it should now be tweut" atm millions. In stead of twenty.one sniffles they lad only two fie had also promised that we should have no morn taxes, yet three trillion, more were now to be raised by new teen. Beside!, by the admission of the Right llon. Gentlemen, it splinted that we depend ed upon the steadiness of the Revenue for this very sum of two millions. In 1818, the RI. Hoe. Gent. had stated that we were to have 49 millions of Ro. venue; hound of which we had only 45.093.0001. This year the Revenue dad only been 48.418,0001. I I Whet reason bad we to expect that iw 1890 it would In es large? What assurance had we that there would not be as great a falling off as in 1818? When he coosidered the distreu, suffering, misery, and wretcherhast that prevailed ; when lie found, into whatever department be looked. whether into the agriculture, the commerce, or the manefacteres of the cantry, that nothing was to Ire seen hut die. rrrr r want, and beggary; Len be considered these thine*, he was compelled to rail it nothing short cf mad ness to impose one new as, and he thought it imposs.hle to foresee the resale. Ile did net say that the tax could not be raised. The Re. might be forced, bet it most be from one of two sources—it enlist be either be @stetting from poverty what poverty could not bear to give, or by taking it from the Nor Rate.. On the other parts of the abject he sen,:ld not tooth et pre. sent. the patticuler ittes, and especially op the Malt Tax, he should offer some observations on a fears 'erasion. ile heeded, hooever. to say hefekrel he coocleded, flat the 3.30 persons who had voted feel three millions more of testis ,ere aware that this See. sion was not the end, but the beginning of Parliament. Lad Ses.lnn 3:10 persons could Dot have then (newt in that Muse to glee tech a vete. Ile oishied Insirk.l however great the ;tient,. -nine* of it. Mt' these 330 vericos should our, be trot back to the ~. r: of t a t b bilar , =•-y as• .0... In "aseat ~. . 1 . •el be Comte. stss#for thoir condor. Mr. rm AN , the Ihnsis Ind a spi fe , IT ;id .Isar) or etc wing. n-t GO 1N... se bet mar aMo Ina Property Tali --a las opine the f,art. 'bolder end this lac tlerd, a tat wpm. shomoste• a..il upon the wealthier pert of the community. H• thou& it ke•ter f.r the Home to say, " Com• a d Icy e eseefilled Proper') Tad, of whirl. fire a' a ll l e ., the herd..," thee to W o os' ens oilsor has. Sul if Goalies's would not haim a Pre peril T e e, h e thought, short of a Prop.'s, T., that ire ta 'a s Ito . posed were the most loni-nt ; het it • P oporty 1 . 41 should IA mcommentkd, he would shift klsgre ee d aad sappnit It. A MEMBER, whom we did ant know, said, thlt the Geotlrman oppnsite (Mr. liamooti) hid kept back altogether that IN of lams Lad he.,, reduted since 1311. His filaje•f •' s bad jest filed epos the proper line. They h s .l pum posed what the country could b. r, and me tbrre mill;oos sal precisely the sue they sight Id raise. Mr. J. P. GRANT said, the he had natiaraloni the Right lion. Gentlemen to as ) . that no pert 4 the Leen wee to be taken from the Si ki:ot ABA if Ireland. [The Chancellor nodded ottent.] Ira presumed that this meant. that no pert of the sob& memos of Ireland appropriated to 'he redectioe of logos in Ireland, es contradistioguisbed from loons la England for the United Empire, was takes into sc. count in the Loan of this seas. if so, be begged to refer to a fact which bethought Incontrovertible. The Act 18 of the King had authorised the transferenee of stock from England to Ireland. The Si Acing F.. it in Ireland, compared to the marketable stock had been so much greaser than the Sinking Fend in Eng land, compared with the marketable stork, that stork, could not be bought. The Act wee therefore parsed, authorising the traesference, and not It-a than 4,500,0001.118 d bete transferred. The trasaference was so groat as to affect the actual coon* of * I . change, and to raise the exchange from 8 t•3d Id Ii Woes, Dablin and London. By diminishing the Sinking Fund in England, se now proposed, the proportion of the Sinking Fund in Ireland tolsoid the Sicking Fend in Englaod, se compared with the respective principals, would be intemined ; so that by investing stock bore sod trassferriee it arterweeds to Ireland, a considerable pr 'eighth. made. Toe pro porgies was not feirly stated r • he ['meet's pe Fend soil the amnent of deaf, het twat eels the Sink* Fend and the sionista of the atinuitie", for the prioclpal varied in it► olotacter as it happen ed to be three per cent., 4 per cent., or 5 per rent. ; and there were also parts of is. money paid into Den. eery, and ot!.er it is. 4ite tis tuals,which were not nataketable. The S:ulsio4 Fued, ccmpere. to the amount of the anovities, was nit& to bear a:ilt higher proportinn is Ireland, by its ( ron , the present loan. lic dii E.nt know wt•ther he made himself understood, bct it ass clear that the proportion between the Sooltoog and debt its Ireland was Increased, sad coopoquoally Oaf efock. Mont would beer mere internee. It aas equally clear, Ikea gain Could be made by investments here, and 11104iNnesit tresseforroces to Ireland. Be hoped, therefoie. that 1.4 Right lion. Gent. would recoi•sidee the subject, and adept the same plats with tespeet to the Sinking Fund in Ireissid, es be bad proposed to apply to the Sinking Feud here. Theßightlion.Gent. bed raid, that there would be no more lases respired if tits three millions were Oise raised ; het there were at present Owe Millinns of War Dalin cautioned till 1320 or 1821. These, of coarse, erre to be further continued. Did he not call diet an 'alined War Tea ? What tenuity we, there, too, that the Revenge would an. COMe op to the representati-nr of the light lion. Gentleman mere than It had eon* up to it in 1810? 'The CHANCELLOR of tha EXCHEQUER ea plaieed. I. the present depressed state of Ird col s ernes its commerce and Its industry linguisheri. it ass most desirable to inerease the vale, of stock, sod by that Means to giee facilities to commerce and industry. Ifs this view he considered it wise a bemuse policy to leave t►e Sinking Fund of 'reload entooebed. Bet in point of jesting it might net to be touched, foe there was no deficiency its the Ono. solidated Fend of 'reload, safer as regarded the loses raised in Ireland; and the other sepplos in Ireland were sufficient fur the *spectres of the year. There was, tharefere, no necossity for a leen in belied.— The traosferevre of stock was nor greeter than A* relative were of the markets' required. It resold net be apprehended Mat any extraordinary transfereeco of stock would be occasioned by the operation of the Loan from t h e Sinking Fend In this consitry. Last year Ireland had hid no part in the Lan of 30 01166,11,y et only 4,600,0001. bad been transferred. Ira @Hosing' so what had fallen from him one former ere ning as to i lie diminotion of roveneewithia the lam covet ter, as competed with .he corresponding quitter of last year. he bad laid that the dimiousion was little more thao 100,0001.; bet since, he had the smiefte. lion to learn, that an improvement had taken pine, and that metals bad bees made so alto make gear that deficiency. lie did not man to build soy sr• gamest span that circumfuse, alone, bet it showed that a confidence might he placed, in the hope that our resources would every day improve. Mr. J. P. GRANT begged to know whether the improvement to which the Right flonourehle Geo tleman had allotted, had not mires trues psymmos me. le by the Rost India Compaay is advance or duties? The CITANCRILOIt of the EI►CIIFQUER re. plied, that thee* were hut taken iat• the maul which be had MMisued. Fir IL WI L'ION objected to th proposed Wisdom. 111 r. CALCRAFT felt it doe in the flight floe. Gentleman /works (the Chetscrllor of the glebe. quer), ter congratulate him and the Howse spun the immure in %loch he ..•d •Ifetted the rontract for the Loan. At to the new team the more he heard of them, ae..irrineer was his ejection to their being *pert! to ; sad he abtreld feel it his duty to useerery coostitotinttel means ill Isis poser to oppose them.-- Ile would admit that, from his knowledge of the state of the country, he felt they would be paid ; bet e greet pert o f lb.. wou ld he f loes the Poor's Rstet HP would n o t dent that the present situation of the country nes such as 1.. 419 n stroll hopes of sect ce impt:iccrint in at itr:eitue as to keep OP OS THE STATESMAN,