The British Press; or, Morning Literary Advertiser. — London, England, 1803-03-15 00:00:00

I' $ been conceived that the ainonnt of the revenues of the Dutchy of Cornwall had been applied either to the ptivate uses of the Sovereign, or to the purposes of the Civil List, but had been :tawny applied to the public exigencies of the State. Had it been a ques tion between the Sovereign and tile Prince of Wales, he could assure the House, that neither their Lord ships, nor the other House of Parliament, would have heard one word upon the subjed. His Royal .Highness knew his duty too well, and had too high a sense of honour, to trouble Parliament with mat ters concerning his individual interests, which would in the smallest degree affect the quiet and repose, u: even the wishes of the illustrious Family to which he had the honour to belong. With respo.B to his haring consented to drop the further pro ceeding in his salt, for the recovery of the revenue; of the Duchy of Cornwal, so far from its bearing tlie slightest appearance of a c - .mpromise, it ought o', ho regarded in a more dignified point of view, as ti:e spontaneous at tithe Prince himself, who never wished to obtain his claim, but with a view to acqnit himself of those demands upon him,which he felt him self bound in honourand in justice to discharge. Find ing himself enabled, by the sum ohnoney about to he granted to him tr.- the present, bill, to provide a fund that would el:dually answer the same pur pose, his Royal Highness, prompted by no motives but the natural magnanimity of his own mind, and his anxious wish to shew the utmost resped and gratitude to his Majesty and to Parliament, gave di.. redions to his Law-Officers to drop his suit. Ile would only add, that his Royal Highness the Prince of Wales felt the most warm and affeelionate feelings to Parliament, for their liberal cantina . ; and that his gratitude would have been equally warm and lively, had Parliament only granted him a third of the annuity stated in the bill now under conside ration. _ _ The Earl of SUFFOLK rose to make a single observation. His Royal Highness's grandfather had 12.3,0001. per annum allowed him, and he had but 1:3!3,0001. Now, as money had doubled in valtiv since that time (his Lordship must have meant direily the reverse, for money has depreciated to half its value, not increased within this century), his 110 - yal Highness, the present Prince of Wales, met to have an annuity of 250,0001. to be put upon a footing with his graodfather, when Prince of Wales. Lord HOBART' rose to observe, that if the Nohle E.trl pppoLite to him (Earl of Carnarvon) would have given himself the trouble to have read his INlajokty's Nlessage attentively, he would have seen that the Bill was cnrrealy consonant to it. The question was At length put, and the Bill was read a second time. Aijounard at tea s past six o'cleck. HOUSE OF COMMONS. MONDAY, MARCH 14. Lord EUSTON', after a short preface, moved, That the tier cant at Arms be called upon to state what he had done in pursuance of Coe Speaker's Warrant for taking JAMES Ts GTTER into custody, for not attending pursuant to summons, in order to give evidence in the Committee appointed to try and determine the merits of the Petitions complaining of an nadue cledion for Dunfermline. The Sciusan't being called upon, said, that he had sent one of the Messengers of the House to take :qr. Trotter into custody. Mr. Huhn, the Messenger, was then called, and stated, that he had, in execution of the Speaker's warrant, gone to Newton, near Edinburgh,where Mr. Trotter usually resided. Being told that he was not tat home, he asked for his wife, who acknowledged receiving the order for her husband's appearance, but said, that she did not know where her husband was, nor ha.t she seen him this months past. He then required her to give this declaration in writing ; but Inc answered, that the had neither pen, ink, or pa per. He then produced a pencil himself, with which he wrote down what she said, and which she, after some hesitation, agreed to sign. On the Motion (,f Lord ECSTON, the Scrjeant at Arms was ordered to pursue further steps for taking Mr. Trotter into custody. A Bill was brought in for continuing Allowance to Foreigners, in respell to travelling Expenees, &c. An account was presented of the quanti.y and quality of the Cotton and Cotton Twist imported from January 1790, to January IGO2. MILITI.I LAWS. The SECRETARY at WAT: brow-ht in a Bill for the payment and cloathing the Militia, for the year 16'03. He then stated, that there were four Alts of Par liament naw silbsisting to make provisien for the wives mill families of persons serving in the Militia. Those . 4 .:!ts were in a great measure contradidory ; mad what he meant now to propose was, for leave to bring in a Bill fo;• charging the several counties with the provision fur the families Lf persons serving in the .Nlilitim,.particularl7 Sergeants and Warrant Of- . - The secend ohj:.:Ft of the Bill would be to give Magistrates a discr,aionary pcwer, in regard to sub. stitutes in the Militia. At present great frauds were cummitted by substitutes, who claimed an allowance for nu*t children than they ltd. The in ovision he meant to propose was, that persons so conduaing ihemseives should be allowcd for no more than one '11)e third ot.)jea was, to enablz parishes, when a man, drawtr by ballot, became burthensonie to the 'parish, by means of his Lordly, tohave him discharged na providing a substizttte. Leave was tlu:u oiv a to bring in a Bill for the oh jeas before raeati. SIIDD-LiE% ELECTION. Mr. SI-IFAIDAN, after one or two prefitory ob servations, moved, That WM. MAINW•RING, Esq. and the other Petitioners, complaining of an undue elation for Middlesex, be directed to give in a list f the votes they MeAli to objet to in favour of the Sitting Member, in order that he might hare time sad opportunity to inquire into the nature of the objesetions. These kits he moved to be given in on or before the 7th of April next, and that the Sitting Member be the Wile. Sir ROBERT BUXTON did not see neces . city Of naminz so early a day as the 7th of April, cnncidering that the Committee WAS appointed for the 21st ot \lay; will as after the Easter recess t lettions were likely to he postponed, it WAS possible, nt leas:, that the Committee on the Middlesex elec tion might not he tried during the present se::sion o f Parliament. kit: thoutlit it would he satin:lent that the lists•slusald be given n fourteen days before the ballot for the Committee. Mr. SHERIDAN replied, that in the entirse of his life. he had never heard so extravagant an objec tion, nor one supported by such strange arguments. There was very little difference to eidaer.a the par ties, between the 7th of April and 21st of Mav, but as the lists, from rumours, must be very volumi nous, it would he necessary, for the jnstice of the case, that there should be time examine strictly into them. There could be no doubt but.Mr: MA! N• IVA RINU and his friends had made accurate inquiry before they presented the Petition, and of course could be under no difficulty in producing their lists at the time he proposed. Mr. BRAC:EIF. WAS of opinion, that the conveni ence or the Adverse party should 'be consulted; and the question in his*mind was, What would be a rea sonable time to satisfy both ? A month, he thought, should Le given to prepare the lists ; and after all, it was doubtful whether the cause would be tried this year or not. Mr. FOX remarked, that two htllots were'ap pointed in every week, until after the Easter recess, when the House would dispose of the remaining Pe titions. The Assizes, Quarter Sessions, Grand Ju ries, and other avocations, would necessarily occupy a number of Members. It was to be observed, that the ballots fell upon those Members who were in the habit of attending from day to day ; so that every man present at a ballot was almost sure of being drawn. What he wished was, that a day should now be fixed ft.r giving in the lists, and the term might afterwards be prolonged it the discre tion of the Home. The CHANCELLOR of the EXCHEQUER ' said, that when he proposed to have two ballots in each week, until the Easter recess, he was nit sanguine enough to suppose, that afterwards a suf.i. cient number of Members would attend to form the Committee. In that case, the House must aft accord ing to c:rctimstances. The House had already pro ceedFd in this b-miness, with unprecedented alacrity. There WAS no, instance in any former Parliament. Twenty-four petitions were the most that had been • disposed of in any former Session, and the Home had this Session appointed no less thanlB Committees. Middlesex Petition, which was now the 11th on the kst, copld not be expeaed to be heard im mediately. After some further observations, the lists of both parti.:s were ordered to be given in on the first of May next. Mr. SHERIDAN moved the second reading of the Croydon Railing Bill :Which having been done, and the Bill ordered to be referred to a seleet Com mittee this evening— Gereral TARLETOST moved, that the Peti tioners against the Bill be litard by their Counsel, before the said Conon:ace, which was agreed to. 441116°." . 1 . 1. 1 00 11114C44 •••• ••:i pi" • 41. 1 , .A.... EiDIA BUDGET. Lord (7ASTLEREAGH commenced a very long, elaborate, and-eloqueot speedy, by stating, that the accounts which he had to treat of, had come too hoe in the. last Session t.) be then brought forward. These accounts had since arrived, but though his wish was to bring forward the accounts of the two years, he found they were so complicated, that he thought it more convenient to defer the latter state ments to a subsequent part of the Session. The re sources of the East India Company, lie said, divided themselves into two classes—the state of their affairs at home, and the state of them abroad. 'The latter division included their revenues, their assets, and their debts. Upon this head he made the following 40strat3 of Ike Statement.; relative to tke Afairs of the East-India Company, 1801-2. GENERAL VIEW. RESULT Of THE TEAM 1800-1 cm.rECTIVELT. Revenues. Bengal . L. 6,6A1,.3.3.1 Madras . 0,540,168 Bum txty . 1,:;6,157 Total Itcreuu.s L. 10,485,059 C: , ..0gz,• Bqtgal . 4,780,611 A434:.ii . 4,:11 , :.3,1310 Bomb 4 . 449,176 Total Charges 10,405,097 Net Revenue of the Tlree Prrs:Jencin Dedule , ltivin Su,lpties to Bencouleu 81,962 1N6,:,r25 The difference k, 74,63 Which being added to the Intaest paiii on the Debts, A! . 746,134 At itiras . 21'2,101 Bombay . ICfi,`:S9 1,093,961 The drep.it of Revenue from the Territories, &e. then ii • - 1,168,524 D..eltbet the Amount Sites of Imposts 493 ; 667 The Remainder, - - 6;4,07 is the Amount of t;le &melt, aftcr dile/Wing for tic Produce of the Sil,s; of the Amount advanced fa the Porchac^ of inveitmentt, Pnyment of Coninterzial Cktr,!vi and o; China Tovc.tment . At II -11211 . $97,415i I :lades . 454,940 • B•mibay . . 460,1% • Tot,' AAY-ttic•••l fur Tovroni?nt 1,751,136 Cartoes invoiced farm India to Ebtope, in 1900-1, watt Chalgett 1,399,033 GENERAL VIEW. RES:'LT OG , Tilt E. Tlll ATLI; ToR 1101-2 COLLECTIVELY. RCYcLit...tl. ft •ngal . 7,051,164 ' . 3,6904.40 . 271,823 Tat ;I Revenue; 11,e.T.',0^.9 Clitrges. R •Ilyal . 4,382.401 N 1.1,11. is . 4,'Y.).;11 BJ..11 1 J«! . 1,1:1:),Mii Twal Chargt•s 11,3`.'r1,13?0 eNtimatml R. venue of the Tithte Prekldenties 89:),205 Deduct Supplio. to Ittosaxgah, dm. 85,840 The remainder la 809,363 Aud is the Amount einiinatud to he applieAble, in the Year 1x01.2, to the Purchase of Irive•stnvnt, Payment of leolll - Overt. s, &c. I)F.BTS IN INDIA. Amount gated last %ear L. 14,640,402 Amount thin year, y;• Nu. 16 17,674,1. A: incr•afe 3,044,1:20 transtgred in the year, No. 17, 815% 1 378 b 1,14146 DEBTS BEARING INTEREST. Amount list year - 12,301,570 - Athouht this rear, by No. 1 1 ; - L5,115,r.54 Increase of debts- brar:rg intere4 2,8:13,784 Increue sf iniesest, pay o lc crually `Z,GG3.114 260,111 J . ASITSTS T INDIA, Cr..nr:r! . .4 - , f el.th, pod.-, stort.t o &c. la-t y.:ar 11, - 49,553 Ditte aitt9, by iitesinst tratemeata, No. a ) ,. 2 1g,113,923 Deduct increa 4 e of ac=frolm44sll.incren-:se 4 e :4ll' 111° of ile'As, itre state rat t le emparay '1 afatra in Ind a, will appear worse by - 4,489,761 L 54',, PROSPECTIVE VIEW. Indian dAt 18,000,000 Of which b.:ars interest 16,000,000 Annual ,ntereq 1,438,791 , ~,,j • • •••• . REVENUE and CHARGES, according to the latest achies. H•ocal re%enue - - - r;, , ieosoo M u! a= - - - 4,488,400 Bombay • - • - 2;0,980 'Twat revenue 11,!!7t.i,180 Reny! ehasges Madr:l4 Btriutzky 4,155,667 4,54.1,301/ 8 i0,4e2 ,••••••.• total charvis 9,246,;.169 Net revroutr - - - 2,71%811 IleAu •t CoTmercill .:harve . - 1!"‘,0113 Supplivo to Beiscuu..ll, &.. - E 2 ,400 -.---.---- 237,438 Rema'ais 9,492,373 1,438,791 Deduct intermt on debt • Net surplus 1,053,552 F.T.c: ,, give of 80.0001. i•icluded in tl'e chargz fur interest, now Fayabie to Ciainuii.Nintieni, un d bt brouglit up. • • WY IF. MYR PLUS. Foie r•art ayenigr, rn fkLuelt 866,874 sti:t surplus abroad 10)53,5•132 1,420,4 A Sall net proceeds 1,:v.X),000 The prupurtiun2te Profits, on an investmeat of tout niiilionß, will be !WK.. DIitTRIBUTION OF NET PROCEZDS s Public Partici ,anon . - 600,01)(1 Rtduaixi or Dc.be - - - 3,000,000 PXOPORED SINKING FUND. To be applied in ra:h Year - - 2,000,030 Till the capital in ludia hearing liiteteß ii reduced to .rtinuunt to be rcd•le^d . - - Time raquir.l Ax year; 4,r.5.00,000 12,a7,0,000 ANNUAL SINKING FUND, to by cx,stituted as follows : Fnrn rirt prrc •cd. as 1,000,000 Ftom savings of iiiLrint, and loaf.. in Europe 1,000,CC0 Tom/ 2.,90u,000 Tie Sisking rend will orate tinderne‘vh, supposing, the Rate vi Interest to be gradually redeeell, till it shall stand et 6 per Cent. 1:11)1A:4 DLIST, V:i'l b. redi.ced Apr:l, IEI9, to 4,000,000 littcrzst .240,000 The Twelve Millions •pai.i o 7; will hale been supplied as fDllows Surplut fro-r. Net Pele^edi far six Years 6,000,000 Saving+ of Int••reit in the citing period - 2,711,000 Tu be furnished from Europe 0,287,000 12,000,000 Of the tom to he foinished fr yin Pump.; not more than 2,000,0001 need be raised by .Loan; the repayments from Government fur the E l mtian Ex?e,tition, &c. will cover the remainder; and this sum, stibieft to be reduced by any • improvemen• of net proceeds which may happen, either in the Ruse:lute or commercial Profits. StAte of Airs at the of Six Years. Indian Surplus, April 1809 Home Surplus • 4:00,000 2,700,000 DeduCt—Public Participation 1,00,000 2,200,000 SumoCng ratssl, in eifl of Sinking Fund, adding to Capital. Dedaft Int2reit at Spur Cent. 100,030 2,100,000 Net Proreerts. subject to ulterior appmpriations,v;z. 1-6th to Pmprietort to IL( re J i- Divide-ndi 330,000 ' 3-13 tits to be invested in tile Fund:, to counter .cure Capital - 1,730,000 2,100,000 T'l , operation or the above appropriation, until the year 1913-14, when the Ciart..r would expir:", unle., so mer re new al, would be, to eiterPose the Company's Dividend.: an nually by one-half, viz. 3.50,0001. and to accumulate at 4 per C...0t. compound Interest, during the fire years, a guarantee Fund ur9 485 000'. In the event of War, 'he Indian Surplus must he cessarily reduced. The Redeedions of Charge since the Pee amount, per Estimate, to 78.:,0001. per Annum: Allowing for a War Eget:ohs:me:et, equel in extent to that at the claw of the late War, there w ill still remain, Nat Proceeds 717,000 But to make the most ample allowance, take the War Charges at ~000,0u01. there will still main, Net Proceeds r , 00,000 Applicable to the Reflation of Debt*, with such a dispose able Stapler:, providTd the transfer of Funds from Fempe to India shall meet with no interruption in time of War, the contracting of fresh Loans may nut only be avoided, but a syetem of liquidation, upon principle- situilar to tho.e above rated, b.: pursued, even daring %Var, though tee.aassarily upon a reduced srale, Far execut:ng the above meisure, and for the extension of Tra1e,11...! Company pos - esz the tbliweing araiiaud it.:aourOes Mow ahi t-) their capita: tiro Millions, at 220 p‘r 4,400,000 More l-.1 ; 11 1 . 3 tads may be istue4 with consent of Treaa /Wry .1,000,000 5,400,000 Skypaie as a b ut', ra;.:cd by Sin:er4, , Fun 1 2,000,040 it`MA . ll5 foe extension of Trade 3,400,000 • its thi:cmc p.artitipat:olt oC th, pablic w 0.11.1 nec•:- arily b sut,emd.t t and wJuld t..ttive upon the rettuctiyals 'vitt:tang fe.un reface. NOME ACCOUNTS. Aggrec - .. Amcwu►l of Sales 101-2 - L. 9,155,967 1. •ss tilltt last year - 1,167,40 • On Company's Goods aloae 971,554 Priratt.. Gyp& • • • 77,367 Neutral Pro2erty - - .118,544 1,167,465 Sales DI Cimtrany'l eit:tll2t-d . 7,119,400 .V.lually amounted in - G,610,487 Being lila than estimatai - 468,913 The Rcceipti on the Sales of the Com; any's 7,161,918 (lo:43, animates - - - - Actually amounted to - - - 6,3 '4,192 Reim! lest thadystitnated - 8i5,726 Chargeg and Pru:it on Private estimated at I GO,OOO Actually amounted to - - - - 193,563 more than evtitn.ttc%l 4/3,56.3 GENF.R.\L RESULT. Th b4;Attee eitinytted to lie rc ,irkirig oit the Ist of March 1002, agovuntka,,•:v - '1'••••• • " an n'l,Ly the actual zeconnts, hawe been erinsiderably against the Company, from the disappointment in the receipt on the Sale of Goods, and from deferring tiv disposal of the Loyalty Luan ; but from s mid ad. di%ad Receipts on Profit oil Private rade, and jaw Government for Stores, &c. with pri.,l 7 .,ri e ment of thopayinent of the debt to the Benk, am wilting to 84)0,0001., the balance on the Ist of March 11101, alttinoeh Atipplie4 VS India and China exoNnitid the otan u^ upwards of '200,400. btiil remained iu farnar, I! amount of 168.75? Being less than estimated ESTIMATE, 1802 3. No. 25. Receipt far Sale of Company's Goods 6,30009 GENERAL RESULT. From the small Balance at the commencement of the ♦ear, and the estensive Supplies rzeilited for and Chia al'o the expectation of li iii:d.titig the Debt to the Bulk, the Balance against the Company on the ld March leo3, is estimated to amount tai DEBTS AT HOME. - 17,974 1,434,536 On la Much IIP 1 On lst Mach 184 ASSETS AT HOME. On let Mitch' Vol . On Ist M.rch - ;;,852 6,n5,989 4,322,063 Decrease - .571,30 C 15,404.716 16,80?,; 60 Incrcaie - : 393,(2;4? Adding &remise of Debts to increase of Assets, the improvement cbE the Home Cuncern in this year is 1,9C9,;330 CHINA AN!) ST. HELENA. Ha!since at China last year in favour 1,226,079 No. 24. Kiiii,nce at China by the pre sent Accounts -1,019,5 i; Delve's" - 20G,5411 )3 , l4nce at St. lie- 4 -flit, on 30th b •pt. 1779, in fa- V9tlr - N 0.24. Balance at St. IL- Jena, OR . .30th Sept. 1800, in 44 vow . 58,CG Increase -19,41 G Net D.crraae at China and St.lPlena 187,042 GENERAL COMPARISON OF DEETS AND ASSETS. Iricr.r.isc uE D..tbt.; in Iniia • 3,034,1:30 I).:cr.:ase of Di:t)tt at 'Lime - - 571,305 Net Increase of Debu - 2,42,824 f•^reue of ANtets in India ;::crease of Assets at Home - 544,369 1,391i,024 '1,942,293 Deduct - net decrmce of Beance in fLvout at China and St. Helena - 1E i,042 N;t Incrase of Assets DAnctad from the Increase of Debts •.could shew the stAte of Om w h ole cohcern to be worse than at 1,753,351 the conclusion of the last year , in the sum of - Which sum is s bje. t to alt?ration on the final 707,47 S adiustment of the claims of the Company on Go vcrament, include 1 in the Horne Assets, to the amount of 2,573,C39 Making an Incrasc in this year under this head of 940,8E.9 From all these he inferred, that the finances of the Company were in a very flcurislaing situation. It was impossible to have made an estimate very correa in time of war, and particularly the expen. sive expedition to Egypt, which at the time the es. timates v.-era made was not even in 'contemplation. But after all, the improvement in the revenues of India was not less than 5,900,0001. On the ave. rage of three years to 1801, the increase of the reve. nne was, compared with former years, 82,0001.--. The expenses of tort St. George exceeded the esti mates by 520,0001. but that was to be accounted. for from the extraordinary exertions to which he had already alluded. The result of the whole cal. culation was, that the proceeds, in 1301, were 11,400,0001. the charges 10,450,0001. leaving a net revenue of 81,0001. From this was to be deduaed the charges for the establishment of Bereoolen, 70,0901. ; and the interest of the debt 1 90,0001.1 leaving a deficit of 400,00011 but notwithstanding every deterioration; the increase and accumulation of the revenue would be found more than equal to the interest of the debts. He asserted, that not. withstanding all the disadvantages of the war, the Company's affairs, notwithstanding a debt of 10,000,0001. the interest upon which was no less than 91. per cent. the Company's affairs were now in a better situation than at the commencement of the war. The Committee would bear in mind the difference between Indian and European interest. If tha Company could convert their debt, (which may yet perhaps be done) into an European one, the saving to the Company would be at least, in inte rest, 688,0001, From the different calculations he. made, his Lordship came to this conclusion, that in the next year there would be a surplus of 163,0001. applicable to the purposes of the Ad of Parliament for regulating the Company's affairs. He was happy to state With confidence to the Coln.. mittee, that our East India possessions were in no danger from any native or foreign enemy. In proof of this, he had only to state what was our army establishment in that quarter—European troops, 24,500 ; native troops, 94,51,0, which, together with other bart;:lions, to the amount of more than 10,000, would make a total of 1u4,200 men. The difference in the commerce of the Company between peace-times and those of war, he calculated to be front 5 to 700,0001. but he had reason to think it would be more preduetive in a time of peace. There could be no danger of any rival state or company coming in competition with the capital of ours ; and the result of all the accounts would shew, that its profits in revenue and commerce may fairly be estimated at 1,500,0001. According to the arrangement of the Al 6 of Parliament, the public could not benefit by the increase of India Revenue, till the Company had realized a surplus of one million, which had already been done, but of the surplus of which this coun try could not avail itself, till the money came to the home treasury, which could not take place before the ensuing year. At that time they would be enabled to pay the sum of 500,0001. to the public, and there still remain a clear million applicable to the payment of the debts. There were two methods by which the Debt might he relieved. We exported no more to India than two millions of merchandize, and were obliged to remit the rest in bullion or in bills. By the Sink. mg Fund of 2,000,0001. the whole of the Corn. parry's debt of 12,000,0001. would be liquidated in six years, and would be extinguished in the years 1808-9. Its that time the interest 'would of course be diminished to the asaount of i 40,0001. After these twelve millions were tede,:mcd, the capi. tal of the Company wbuld 1)2 zuaranteed, and .. _. -or IF . I 11 , £ • ! 11111111