The British Press; or, Morning Literary Advertiser. — London, England, 1821-06-02 00:00:00

*- c I li r .7 4111 1 340 L l F k ~: i both sides. which would very considerably re duce tint sum, and he could only say that Go vernment desired nothing but u fair investigation. He Lad shewo that the supply of the present year. inviotling 800,000/. fe• Irish Treasury bills. and 20,4001. fur public word 'aided to 20,0184001. 'ks,amout _—...-seire=mian -if Me:Ways t0,05t,560. With respect to the mode in which the Sinking rend Loan operated upon . the pot- . &Wier •Made by the tornmissioners, It would lit artisfaakory 'to pinions concerned m the. funds to bistro. •that by the present arrangement, although 19,000,000/. were , taken to the •enurse of twat, from July, 1840, to Jolly, 1821, yet' 19,400;000/. were taken from January, 1890, la Ink so that the sum taken from the Biotite( Farid•to tbecourse of the lest year amounted in fact to a greeter sum then it would do in the present mem. There was an important point of view in whisk l i .sobject bad beer§ considered by the Finance dt.'.osamittees. Those Committeer besides unravel. ...Aug the public-eccoants, drewap an aecouut of the -.*payments in cash from the Exchequer. in•the course ,tsif .mach year, exhibiting the amount placed to the ~ r ednetioti of the debt,. end *hewing. from a com >Reiser) or moot) , and expenditure, thetentoont of debt, •eint how touch of it had sheen aside goodie .each year. .1 - u thrs.point of view he would proceed to compote the income sod 'expenditure of the • yebse 1890 and 1821. In 1840 the revenue actually reetiod In the United Kingdom of Great Britain ',end Irellind amounted isa the whole to 54,640,688/. With respect to the rictus! expenditure 'for that year, the charge upon the Consolidated huts ienoonied to 48.59 4 7,167 f., for interest on the Sinking Fund of the Unfunded Debt, 1,300.11591., molting in the whole • sum of 50,897,335/. for .charees, exclusive of the supplies of the Setts. —'faking the *hole amount of expenditure at 71,199,854/. and deducting from it the amount of income, there appeared an excess of expenditure over the revenue amounting to 16,559,1701.; but the Sinking Food implied in the course of the year • amounted to 17,509,773 L. so that, in point of fact, there *du a *mein. of income over expenditure sunosstiting to y. 30,891/. This was not, however; - ;fair way of foaling the account of the services of •tise veer, for it ,nut be observed that the interest of - Ihe 'Sinking Fund of the Unfinideil Debt was Lsoomool mot the @emu; amount 'of aye ,r's interest of the Unfunded Debt did ant exceed 1,000,0004 There wss a large army fur the irisarveat of asitstandirig Exchequer bats ortionot . kit to 900,0001. making a total aum applicable to Ihe°liquidation tithe debt of 17,180.000/. It ap peared, therefore, that in the course ratite year 181;0, ant siluatiors with regsril to the amount of our ear ,cprohrurrePs war only improving try the rum of -47,140,000/. lie would ittsume, that the net pro , uswe of revenue for the present year was the slime . as. the year. Taking it. therefore, at 5442.7144 mini adding 9.00,0004 fur Lotteries, itii,ooo/. 01,1 Stores, 500,0004 French !nib-minty Aim!. 1113,010/. repayment of Exchequer the whole wool(' amount to 3 .5 1 1,11 4L The charge upon el* Cootolidutett Fairrl. Irking it at 100,0001. short wf list year, would sinetint in round olttrobets to 43,500,000 i. 'rite intetert of the Sinking Fend of the orrinrulerl debt was 1,700.000/. and the Whale services of the year, without gifing through the details, would inerrant to 58,211,000/. D.- doctieg ain•sunt of teventie for the psymentr alreisily 4...ita1.-rased, there would tie an espentli tn.'? Of 13.4 0 9.61 9 /. beyond the income. With • iiEtpvci , to the Sodom rand, the nominal amount Ptharyear was 10,900,0064 sod the actual amount 'llPliise reduction of debt would be 3,590,0004 .• • Adding a sum of 400,000/. for interest of Ex. he liner bills winch were over-dor, it appeared that • the Mew. of income (Wel ettnenditure rot the prevent 'tr4sr•ashounted to about 4,nu0,000/. It would he -recollected that a clear rurphie or 5:0o0,000/. wet contemplated I •st tear ; end alibilogls th.t point• was net l i kely to be retched, ',idea the re veller-increased very rorsidetabir. there war every vesion in 11Uppesr th4t they should appiosich to it tai the propos tina of fowl* tire. tie had a.aumed shit she rett•ssurs of she preeent year worvid not fat abort of that or lest year,' and he would sate the grounds upon whirl, lie had torte that antoreption. •l'he receipt, of the Exchegner. in the five mouths bower's sit) fnuArt 1111 l I 14 Jour, 1921, amounted se 15 . 556064 i.: but there tea. • sots Of 3124631. !A id Illev a a .tuck in ItAnd for the Halt Tax, fliarged in the preceding yea., which formed rrO part of the revering of that year. Deflect ing tliir rum, therefore, the amount of revenue r .O lots the Eitel). quer for the firrt five su li• in the year 1810. amounted to v_l*,l,43,Aitli. The amount of payments for Ireland, •up to the 20th May was 1,339.490/., so that tie ...veceipts of revenue in the Unind Kingdom for the 'brut montln amount to 16,582,30 t/. in the course .f the present year the ate , u4l payment* for Great Britain amounted to 15,338,333/., and for 'lreland to 1m5.e.12/.. making in the whole 16,823,634 f. It appeared, therefore, that in the five months already clawed the revenue or the present year exceeded that of the last by a aunt of Y40,000h offer detincotog from the rtvenue of 1820 the omouni of the 3,1411 Duties winch belonged to the preceding year. But even wittrunt meting .t h at deduction. there Was (Holy • difference or 70.0014. • between the revenue in the enrre•l ding periods ul tiiis end the list year, which we find the whole 'even ',tenths before us t•• make good. Unless tome un foreseen t•irctunstances soroaiil wise, there was every retsnii therefore in conclude that the revenue would conaiderahlr exceed that of the lint year. In the year 16119 Parliament resolved upon making an ad • aht 1111 l of 4,000.000/. to the teary, for the purpusse of priinuring a clear giur plum of 3 ' 000,0001. over the ranendsture. Stowe that ruse a ,wrongl of extreme &Scotty had ititc.vened. A large 'opal anent had been made to the Bank. amouuture If, 9.000,001)1. want there Was Ow difference in repayments tousle . to the. Bank from all other repaymeats, that whatever was repaid to the ea lsk was to much taken out of the general circulation. tie doubt ed whether any country had ever undergobe revere ttn fetterttost to ou pport its crrdie.-- The year MI6 and ir-rt of 1317 were remarkable fur the complaints (ruin all parts of the country of the distrewr ucc•►rioued hy-the **ovation of trade, and the contraction of the circulation. IVe had t►en to s►wderge that trial and th.t exertion wh►ch • was .tiow complete. lii future little or no dueling. • teen of oily consequence could be looked for, bat such as roust always occur in a large trading pope. from occasional misfortune ariA esattallv; He took occasion to congratulate the [fosse on she rapid rise in the funds in 1817 ; but for some days past they had been considerably , above the rate of that period. It was then accompanied by a cur prising revival of industry awd trade in almost every ask 'to a proportionate extent to the present Mei ',twice. The Right Hon. Geed. then_proceeded_o/e., t still e st Upon - the beneflciel (Mein' 'already visibly - re- telling to the indtterioss daises of the populatiOn. *Om the return tO a circutetiOolo specie. He ob .-wired upou the accumulaticin.of capital among the. lower orders, as proved by die accounts of the 'swing* banks, which he described es 'the Mattt and most curions barometers of the state of the circumstances of the lower ordeth Of the people. By those returns which hail been made out it lap. peered that, up to March and April last, in almost all parts of the country the eccumelation of capi tal among them • had been progressive ; the amount Of the sums deposited exceeding by 19 or 20,006/. annually, the sums drawn out. This was the only country in Europe less in debt than when' the war closed. That war was, no doubt, followed by great difficulties consequent upon the exertions and sticrificgs made to bring it to a ter -1/11111111011 hotasurable.to- the arms end the indepen dence of the country. Those difficulties would, however, be surmounted by the wisdom of the Government nod the energies of the people, as we had already surstausited others of a more appalling nature. But, Us order to effect this-, it behoved every man so exert himself its the utmost to rescue his fortune, property, and fame, and act as became a member of this great country. The Right Hon. Gentleman concluded by Moving that * sum not exceeding 13,000,0001. be raised upon Annuities for the Supply of the year 1821 ; 12,500.0001. of which to be on Great Britain, and 500,000/. on Ireland, and sat down amid much cheering from the Ministerial Benches. Mr. Maseru:Jr. before he proceeded further, wished to have an explanation relative to the 18,000/. by which the money advanced Itiat p.m!' on account exceeded what ass estimated ; and lidded, that in lunktsig over the other items of the Rt. Hon. Gentleman'. .tatentent. lie observed the Miscella neour to ninount to 2,444,900/. eh htnigli the Right lion. Gentlemen had stated the sum to be no mo.e than 2,100,000/. The CHANCYLII.Oa of the EXCHEQUER spoke its to row a toile as to he scarcely audible, but we un derstood him to say th it Nit of tlle rondos taxes of last year was canted to the Consolidated Fund, and part to the annual trim., the whole atuoiltit of whet was voted making good any excess en the debt outstanding. With re►pect to the Misrellaiieous„ he was correct in stating the amount of what was voted last year at 2,100,000/. as the 300 000/. which made up the 2.400.000/. of which Ihr Hole. Mem ber spoke was voted ufierwartle, lie believed for the miliiis, but of this he was nut quite sure. Mr. MAIIERLT 01) ii, that he had wished the explanation, as the arrears appeared to be some what about 500,000/. The principal observations which ht meant to make on the statement of the Ways and Means would go chiefly to the supplies; be had on objec tion, except to the supplies. In sn early part of the &melee be had ieformed the House how a saving Could be made in them, and submitted a Resolution to that effect, but eas very sorry that Government would not agree to make so small a saving as that which lee proposed, altliongh the Right Hon. Gentleman took great credit to himself for the reductions which had been made, and which were by no means proportioned to the power which lie had of econo mising the peddle resources. He wrgitd now state what the real financial state of the country war, mid contrast it with what it might be; he would therefore now stale the inte rest of the Funded and Unfunded Debt. &e. and he reckoned 48,398,7071. se the amount of tire interest of those iirbts includiug the Dutch and Russian [mans, the Irish and the Arrears of the Consolidated Fund, up to the sth of January, 18:1. This was a debt which must be provided for, sinless we chewed ourselves to be tfluilly orijust and nngesierious.—(fieor, leer, /mar)—lt ass liorrneed nu specific terms, and a certain seen was spprope late d as a Sulking Fund to make a pay meat of free D ire mil. on which, by a certain reduction, there might be a saving of 1,590,0001. He wished here to say a few words en the justice of making out the debt as an object of talratiost; si wend Honourable Member■ bad thrown out the idea that the only means of extricating the entintry from its present difficulties V/1111 to tax this species of properly, but the politic creditors had embarked their peupersy in this way to assist the country in its greatext exigencies; they bad also made great sacrifices already, and it was too meth to call upon them fur 'pore. They were to hive one per cent. on all loans •exisaing i■ 1792, and one per tent. on all loans con- Indeleil since; but that was given up according to the wish of Goveinment. The Sinking Fund was also taken orav, and what was ibis but taking foie properly from she stockholder, inasmuch as it was his pledged security ? (fiear, hear, hear)—yet else stockholder did out resist. He thought the army might reduced to one million, and in atsing diet, lie did tint speak lightly, nor from a slight view of the Filbject. Alibough he dud not take en aet:te heart in the pro positions of the Hon. Member fur Aberdeen (Mr. Hume), he was by no torsos an indifferent ob eetver. He was persuaded that Honourable Grll. Menial) had pursued tie proper Course', and that hi. services would prove beneficial to the country, And although the Chancellor of the Exchequer hurl held out no hopes of a redloction, yet he felt persuaded that a reduction would l►e made, and sure he was that it might he reduced! convidershly. In 1819 Ministers came down to that llotswe with strong resolutions, one of which stated uMt the greatest vigilance was 11Pft11.ilfy 111 all departments, in order that whatever reditet was poiwible should be made. Yet that year they were called on foe 19,000/. more than before. He hoped the House would be on their guard mg lino any histh.sousoling expressions of danger, w hide were merely raised to encroach on the liberties of the people, and to take the money out of their pockets. It was slot his iutention to follow the Night lion. Gentleman through his numerous drools, pertly real. and partly fictitious, bin he should endeavour to ex plain to the Honor his men views upon ihe subject. He should then bring down the Con-olitleied Fund, and take the supplies voted, and the minuet revenue from all the expense* of the country, atul should make something like a merelistit't balance pelmet. That was, in his (stadium, the only mode of doing Use thin/; priding ly. The Right Honourable Gentleman stared that has/ year the interest on the unfunded debt was 0,400,000 h Humours were afloat that a considerable gum of looney wee due to the Monk of England. It was not, holvever, for him to fag more on the subject at present, hut at o future period he should move for that aceouut. He was of °pintos that a Sinking • rued trapaiiential to svpport public credit. Whet theemount shoald be, hr did tint pretend say ; but he conteoded that some mode should be adopted to relieve the burdens of the people. It was well known that in 1794, Mr. Pitt appropriated a sum for • Sinking Fund ; but he went a step further., "ssr 'stayed - '4lit it - - expedient soinedffiig 'llll4uld be diet to conciliate the people after their long sufferings, and he set apart finalises. "illdt to reduce taxation.—(Near, hear, he4r.)- 11finith a system were pursued at the Present day, it would most effectually tend to coociliate the af fections of ilw' people, and support the credit ofthe eoiteitry ; and there would be no longer a necessity Yoe a stunning army to preserve the public trail- Itullity. The people were satisfied with the con• "titetion. The only discontent that existed in the crithtvy Was apnea the Executive Government. 1 When they see such excessive supplies voted. 'they must necessarily be discontented, and tio , thing in his opinion would tend so much to conciliate their feelings es a system of eve ' nomy ; and he was persuaded that whatever men govern the country, let them bel.trig to wind 'Fitly they may, the people never would be sortistiell tiattl that system was adopted. He was very far from taking a gloomy view of the state of the country : a country that could produce 62,000,000/. ievertue, and an Menem-el revenue within the hist '26 years of 6,000,0001. did not deserve to be viewed in that way, slid the House sl Itl corroder toe mainenee pones that had been laid not iii wars. Numbers or road. reed canals hail been made, novo. almost built, villages built, cities ex:eerie:l to air astoroshing degree, Scotland elinuet a new king dom. and Ireland itueioverl. The country was in a stale of progreseive i mplovement, and nothing was %voided but an ellicirist Executive Government to conciliate the feelings and wishes of the prople.--fileer, hear.) Mr. AsTiet, said, he should say nothing that could remove the pleasure given by the matement of the Chancellor of the Exchequer. One part, however, of that statement surpriveil him es good deal. Was the Committee aware that lire sum a $00:0001. was paid for the custody of Boleepurte in St. Helena ? And now, for the host trine, they bed heard doubts thrown out hy the Chancellor of the Exchequer us to whether the Ent lirdte Com pany shOuld Le mild their just demand.. It was a question that deserved to Le t haracterived in a far different manner. The Right Hose Gentlemen had promised that in July lad held a taillion would b e paid, and mew lie hail thrown out some doubts as to whether It should ever be paid at all. Mr. CALCRAirf said he could hot participate in the general satisfaction that seemed to prevail at the statement of the Chancellor of the Exchequer, nor should he be surmised if them were taken from the people any Eisen sum they might Pompeii to pixies., and the statement of the flight Honourable Gentleman woo literally nothing more than this, that out of 60,000,000/. we lied 6,000,000/. as applicable to the current expendi ture. He should like to know whether a man in private life would be coeisidered as managing Inu affairs with economy, who with an estate of 130,000/. a year should so encumber it with debts and mortgages as to have only 6,0001. for the use of Isis family. This *es precisely our condition,and he would ask was tins a source of general satisfection ? Wuuld moil s my that great distress did not ex ist, and that this did not arise from the revenue. which was collected in any eivy and by any means? Mr did not despair of the country, but he must object to this false colouring, which was calculated to induce the House to slight, or at least estimate too lightly the burdens that weighed down the people. He was persuaded that before this country could right itself the people must obtain relief front taxation. Instead of Sinking Fund, it would appear f the statement of the Chan cellor of the Bache:rater that we hail a sinking fowl of 2,000,000/. short of what :hey had Leven told it would be in 'sig. it' twitters weett 00 in This run ner, it would be pine ridiculous to speak of reeler tiou. The money was voted away, and was the House to espies% its lialisfitetion when the Chancellor of the Exchequer summed up his dreadful cetaloguel His Hun. Friend (Mr. Moberly) had expressed some pleasure at the increased capital of the comae try. But was it to be forgotten that every man's private property was deteriorated by this increased capital ? This was not a new expired that hail been intioduced to the country, but was in fret mort gaged on the larded property. So far from feeling gratified at being thus burrito:eel, we should put our shoulders to the wheel, and endeavour to lighten the burdens which pressed so heavy on the people.—(lieut., hear.) Sir J. NEWPORT slid, he should not trouble the Committee many minutes, but he wished politico larly to call their attention to this increased capital. In his ()pillion increased taxation produced a dimi nutipai of the revenue. Some time entire, when the Right Hon, Gentleman (the Chancellor of the Ex cheque.) was in a gnat hurry imposing new ditties. he took the liberty of expressing his opinion to the House, that au increase of taxes must produce a reduction of the revenue; and he should now take the liberty of &nuking • few sarternente from the returns in Ireland to corroborate his assertion. The Right Hon. Baronet theu enumerated various articles of consumption. In 1914, on the article of tobacco, when the duty was 9id. per pound, the reirenue derived was 203,000/. and last year when the duty was Is. the income was 1%1,0001. Ott the article. malt, when the duty was 10.. the income was 408,0001. and last year, when it was 14s. the nicotine was 3 4) 9,0001. Oil tea the duty at 71s. pro duced 560,090/. and last year, at 965, it only amounted to 398,000/. But the average on French I wive was twist elitgular; when the duty was 87s. the intoner was 30,000/. and when 135 a. the income was bet 2.l,oool.—(Hear, hear, bear.) — On rote, when the duty was sa. nil. per gallon, the income was 297,000/. and now, when raised to 10.. the revrieue derived telly unwanted to 127,000/. This statement was sufficient to Mot irate his opinions. for, if the people were not borne down with taxation, they would not forego (par tie:ninety in Ireland) these articles. which were generally called luxuries, but which l'ortned, from long habit, the actual necessaries of life; but it had berg statrd that distress had gone to its greatest ex tent, sod things must soon mend, He was surprised that Gentlemen could pay so little attention to what was doily going forwartlin all parts of the country. Day after cloy they had heard grievous complaint* r agricultural distress, an .1 Ise wai urinisked to • fi.sd that Gauntry gentlemen, wise bad the gettetest interests at stake. could absent' themselves from that Houle When thefts timessive supplies had been *ranted ; but he certainly did. at least, expect to see some of them there that night, and so their plsres lafaini - We Minierters of the real state of the country.—/ Hear, hear., Mr. RIGAIIOO said. the Chancellor of lire Exche quer was its the habit of holding not the most flit feting Napes. Last year he held out the same hopes,Glthougls our Sinking Fond then was greater than. even acCordlog Id his own riatenient, it was at present. There was also a deficiency of a 19,0001. in the present year in the Consolidated Fond, which the Chancellor of the Exchequer lied left ant of I.is statement, which, coupled to the former deficiency, amounted to right millions unit uperards. .Ile had to cumidaiii shut the uceotiit, ureseutest to the (lutist. were opt as clear or accurate us it Mielst he desired.—(llear, hear)—They haul been told they bad I Stiikiug Fund of 18,000,000 f., 1 3,000,0001. of whisk omit 1.1 the puddle set vice, so that there remain. d actually but 3,000,0001 From this statement he saw nothing to congra tulate the (moistly upon, when all they could hope for wail, that 11w revenue of future years ought he the same as the current year. He now wished to say something of Sinking Funds in general; as it at lin this country he thateeht it a most nteleas institution. but he did not mean by any means In toodetnn them in the abstract. if lie thought the money woidd he employed to pay Millie national debt he should have been satisfied, and would approve of them. And if there were really any Gentlemen is that Haut e w l.o flattered themselves it would lie applied to that purpose, he could oily any they placed enure confedence in tliniai i m, than l i e dud. Was it to in the sink of Sir R. %Walpole 1 Certainly out. And was it •taicrly adhered to in the tier ter Mr. Putt ' lie placed the Sinking Fond in the hands of the (;o rertmrs of the bank, and be would arh haw had shit torn since disposed of! But the xreat apprehensions of the Chan. cellar of the Exalt eater seeerd to arise ant for fear of the pet relay of the country, but of geom.. fluky of riches—( llea►.)— 'l'hry heard him consaassily talk of the aceunsulatiou of ea pital. He ( Ste. Ric wilo) thou elot the best place to keel. a Sinking Fund was In the porkers of the people, and %hemmer they warllstl money fur any public purpose, Ist the I tlinisters collie down sod demand it, hut not create a fated applicable to tetoptira.y purposes. TIM Hon. Gentlemen Holt read nu extract from • speech of Mr. Pill, on the sub ject of Sinkiiie Funds, *lnch stated that these funds had been constantly employed by the Minustris far other purposes. He would ask then if the Muse were disposed In (lodide in Ministers:' lie, fur our, rertaiiily was not. He was folly persuaded, if this sibling fund load Dever existed, that this country would out be so pour as it is. On the soh ' je• t of savings banks be wished to say one word, for that wait an institution of which he approved. A plea had been pro. posed by a Gentleman iu the country (tic. Woodruff.), which, if pat Into eaecution, asstdd be autstic(' with the most bimelicial elects to she industrious classes of ao• eirty. If a small sour **re put into one of uk se banks, for a child at an surly see, it %email antunns, by bear ing compound iitteiest, to something very handsome by the time lie was grows up; and a poor unto Might, in this sway, be induced to pay • small tuna, and this small sacrifice would secure for him a respectable annuity. He took the liberty of throwing out these uhservat lots. to the Committee, which at some fattier+ period might Kant imme mien inn. One word ranee MO the subject of circulation which had been allot!- . sof to, and lie had done. It appeared to him to be of no import ance from salicuce or in what mintier the rhodium was cor related. The mimosa of the circulation was the material object, and if the Rank had not circulated the nonther of notes, the people would carry their gold to the Mini, soul the metallic currency wohid have been as great as the Bank aides —( Worm, hear.) Sir. LOCKHART felt somenlist surprised at the satis faction expressed by the Hon. Member for Alonedua (Mr. ' M abet ly); be could see nothing to cuogratitlate the country upon. They had petitions every day complaining of the distresses of the people. Various insinuations had been thrown ant respecting the Anode of alleviating these dis tresses. The agriculturists haul beet) charged wills a dispo sition to break faith with the national e•editor, hot they Rome back the impartation, and lie biped whatever means were resorted to, that never would. Mr. RICARI)O sit Mr. MABERLY bolls explained. Sir H. PARNELL CoiiLentled that the powers of taxation were exhausted, and it was therelore use leis to impose new taxes, for although they might be laid out, vet they would be either unproductive or reduce the produce of other taxes. The CHANCELLOR of the EXCHEQUER explained. Mr. HESE said that in the year 1817, the Com mittee of Finance recommended the slimily should he 17 million.. fu that year the suites of supply were 18.300,0001. and though the Committee had held out hopes of reduction, yet it had gone on every year increasing, and only now we were got back to the same state as in the year 1817. The Right Hon. Gentleman bad not adverted to what he considered a most material point—he meant the expense of Collecting the revenue. lie held in ins hand an account of the expense of collecting the revenue in Scotland for the last twelve years, by which it appeared that the expense of collection had gone on increasing born 3 per cent. its 1817 to 81 per cent. in 1820, so that here one item of expendt tore was doubled in the course of a lew years. He Wit,* quite assured that at leaut 1,400,000/. might be raved to the conotry on this head of the revenue col lection ; on reference to which his Him. Ft iend (sir. Lockhart) had said, he was satisfied that the 18 millions which they were now voting for the army and navy, was more than equal to 44 millions of the currency in its late state. He was glad that the Hon. Member for Bridgewater had mentioned the debt due to the East India Company. He haul Nowt( called the attention of the House to it once, and hail mentioned it in another place; be had told the Directors that the consequence of permitting the Government to owe them so much mo tl ey for so long a time would be, that the Go vernment would in a short period tell them they owed them nothing. But his great reason for com plaining of it was, that it withheld front the House the knottledge of the amount of expenses incurred for the detention of Bonaparte. From aka he could collect it appeared that in five years we had expended two millions sterling on that account. Had that bees brooght before the House from year to year, he was persuaded they would not hive con sented to such an expense for inch a purpose. With respect to the Sinking Fund, the Right Honourable Gentleman admits that we have now only 1,500,0001. available for that pur pose instead of five mullion, which lie had expect ed to have; but in fact if the expenses which were not brought to acesowit were included, lie meant the fxpettses at St. Helens, the Mauritius. and Ceylon, it would be seen that at the end of next year the Sinkiag Fund would not untouitt to 2,000,000/. but if it did, lie hoped that tams to that lumina would be taken off. Mr. ELLICR called the attention of the Com mittee to the state of the accounts with respect to the Sinking Fund. He could nut are, if the amount of debt were reduced, what object cottlil lie promo,. eel by keeping up this complex system, which only tended to confute the accounts. lie was disposed lc:concur hi the fovoutralift :crania, of the recrioto of the revenue—he confe*•rd it gretAil rzereLleof hit expectation•, hot regretted that the expenditure bed toot experienced a greater reductu n ►. Ile con trratulstril the custiotry animating a Sinking Fund of tour millions, but could tint see why the Right Hon.Elentlemen should have fi roug hs in•o hi s state ment the money burrowed from the Bank of Ire. land ; neither could he see *La advwutione tt .IW4 to ieee this toa,oooi. from the Bunk of Ireland. et 4 per cent. for the purpove of investing in the 3 per cents. on 77 in 74. The question was then put, and the rrooleitow woo carried. Mr. Hosts said, he perceived 163,0001. wits ere (flied for told store., which he tweruined were navel store's, sod wished to know waif the ordnance old stores were not sl.o included in the saute manner. The Csussicsis.oa of the Ettetscuttee replied to the quetvions of Mr. Hume, but was utwodtbk iu the KAN y. Mr. ELLICB a•ked why the pendoce of the Lok= tery wee stated at 16.5.06/. mar ? The CHANCELLOR of the EXCHEQUER said that arks not the whole oat. rerehreit. Mr. F.LLICE expressed his istestiou to uprose tier re..o)• lotion (or rai►ins a MINI by the Lottery, iu order to co ileti:our In aMdi.h it. Several other Resolutions were thin pet and agreed to. On the Resolution for raising 200,0001. by the sale of 60,MM Lottery tickets— Ale. VERNAL ruse and mid, that he aunt enter protest against this unproductive and immoral tax. The Clavisecllor of the . .V.selsectuer had last year asked fur 440,0001. on account of it, •ud new he bad reduced it to eOO,OOll/.; so that as it was even in Wl* ogitsion • 1.10.111- now was the lime fur him to give if up with a guo.l cries ; at all events be was resulted to take the sense of the House upon it Mr. BENNETT said, if the Sinking Fund were ■s the. R:gbt H o n. Gentleman had awed, where was the neeersqn for coatioutrug the sax' If, indi ed, she so penditure n:cerded the income, he could understood wiry a Chascellor of the Exchequer, whose "slily object was to raise as much moo) as be could, to extract an largely as he could from the pocket. of the people, and to retain the command of it when be had got it—sud► an artist, he could well believe, might say—. 4 . Mousey we want, sod money we moist have; and we care not what becomes of the onsirutls or virtue of the eatioa." Het here they had the money, 111111 yet Ibis system of di freopeptineta, of vice and corrispiitos, of which the High: Hon. Geotlemsn was the pi-moth/tit, must still he continued- Ile should nut have said Shwa much if there were not a heavy charge is ISIPS, it Sniff Su support murality and religion, by building chweelwa, lac. Ile would like upon himself say, that she kids. lion. Gentleman would do more mischisf by his system of Lotteries thae hr would produce good by all the diarrhea be would build in his lifetime. lie could outs see whys tax—for ship was a tax, though a haul one—shorshr net alba be laid ues the brothels of the r.:untry. It would he as protective as the Lottery in boils ways—it would twist mosey mad propagate crime. Mr. GIPPS defended the Lottery ; them were other tsars ohieb be thought the country would be more 4.lessed to tee IN hewed from than this, whirls was entirely optional to those •lsu subserilsed so it, and who would psuhably spend their mime, in other sorts of gambling if debsrred from. Gist. Mr. W. SMITH and Mr CHIN'S opposed the Ream. 'slims Afire which the Gantry was cleared for a divisitoh, when there appeared— Ares . . Noes Majority 5B The ocher Rs.)luliotsa were then agreed to, and the Re. port ordered lobe rercived 013 Monday swat. The CHANCELLOR of the EXCHEQUER moved that the Houte„ at r lig, du adjouru to Monday oesi. CRUELTY TO HORSES. The House resolved itself into a Committee on the Cro thy to Hawses Dill. Mr. RIDLEY COLUORNE said, he °Netted to this hull, not that he wished to advocate the cause of any savcge groom or brutal carter, but it appeared to him that it affected principally those who had the rare of horses, and Ir ft untouched the master who was guilty of the cruelty of running his horse one hundred miles in twenty-four hours. Mr. MARTIN said, if the Hun. Gentleman would pro pose sn amendment, to extend the penalties to the owners of the animal, lie for one would give it his support. Mr. C. SMITH said,. he approved of the filename ex. Iremely, but thought it did not go far enough; he shoillj. therefore, propose as an amendment, that it include asses and other ■uiinals.—(A laugh.) Mr. MONCK was adverse to the Bill. He thought it was uonecesimsy, sod origivated in a spirit of over-legislation. if it were meant to protect the animal, it certainly ought to be extruded, a■ had been proposed, to asses; and some other Hon. Gestlemen, who were attached ea dogs, might move to hare them included, as well as cats. If it were meant all a protectiou to property, be thought there were other ways of cffectiug that object. Alderman WOOD said there already satiated a law to punish drovers for cruelty to animals which they drove to market. Hr could awl see, therefore, any reason for the rid,. cute thrown on the measure, particularly as the Hoil-e lid ja•t hero employed in legislating on that most imiwora! sat• ject the Lottery. Mr. E. WA RICE eappwleil the Amendment. Lord TINNING moved* alt Amendment, which was to have the a ffert of punishing all persons, masters as well as aervaula, for cruelly to animals. Mr. SCA RI.F.TT thought it difficult to establish the priuciple of this Bill, and extend it to rich people as well as poor. There was as much cruelty endowed by the loot, from the agitation it was thrown into by hunting, as in a ny case which could be pointed out. Mr. J. SMITH said, that barbarity to horses was a vice %bid' oas confined almost exclusively to this country. Mr. R. COLBORNE thought that racing a horse 100 agsinst a given time, was a• cruel as say thing which this Kill went to punish. He conceived it impossible to. apply generslly the principle of the Bill. Mr. C. SM I 11l withdrew his amendment fur this time, to• make room for that of Lord Binning, which, after :.•few words from Sir A. Osborn, Mr. W. Stniib, and Mr. Moncl., was agrctil In. Air. C. SMITH then moved . an Amendment to add the words " Nan• sir gelding, mule or ass." to the clause. The anicoduient was *greed to. The peas) (-Nese tieing put, it was proposed to 611 up. the blanks with slims of nut more tha■ bt. nor less than Mr. CHETWYND said, that this would sire the Maek • Irate. no more power to punish of f enders than they already posiicssid by the Bill p I hart year. The chime nes discussed by Mr. Alderman Wood, Mr. Bernal, Mr. Y. Palmer, Alderman Bridges, and Mr. Gaul. born, and rgrecd to. On the nest clause for greeting appeal to the Quarter Si'. Moms being mad— Mr. SCAR LETT hoped that the Cemmitlee would rico. der what a yummy of hominess this Hill would *rail to the Coors. of Quarter Ser.ioor. Hr thought it a vast deal too much machtnery to be nut ia motto., to cure iffdimper vi th u s, a ho had the tending of Celli!. After a few Colonel BARRY, and Sir GEORGE CLERK, the *that C1311 , 1C1 welt. agreed to. The House resumed. On the motion that the Report be new brought up-- Air. LI LICE moved that the word . 4 now" should be left out, and "thirds, Mu mouths" be added. _ . &Ir. RICARDO thought it absurd to *neap/ to lerithlte mu the prtur?ple of this 111111, wbtch ought equally to apply In fialisig worlds um Meeks, or soy ether emulattes practised bu hunt MI, shouting, sr fishing. Mr. BERNAL teas burry to ►esr so homes sod sorer.