The British Press; or, Morning Literary Advertiser. — London, England, 1818-04-21 00:00:00

r, P I ~. irtot of the two Houses of Parliament only, but, he irowrd to God! if he were in the ►ituation Of the Noble Lord opposite, he should set every thinking mail in the country to express an opinion upon it. The Noble Earl then remarked that by ' the Mint regulations, the gold being coined without n iseignorage, and the silver with a seignorage, there existed a 'lnference between them of 101 d. which he contended was suff►ciest to prevent the eject/lo tion of the phi with the silver in this country•. This opinion he ►xpdt!steil on the authority oT Sir Isaac Newton, who prophesied that they could not circulate together, even when there existed a difference between them of only 3d. Until the monetary system was corrected, it was iiupos►ible for the Bank to resume its Cash pay ments. The Noble Earl then alluded to the state of the exchanges en Pavia. which he stated had re monied in December last steadily at about 24. 30. ite had taken Some trouble So aseertaitiing the actual state of the silver and gold exchanges between London and Paris, and found that the silver exchange, that is, the number of grains • of pure silver in the French coinage, compared with that in the English coinage, was 23 f. 40 c. The gold exchange. that is, the number of grains of pure gold in the French coinage. compared with the English coinage, was 23 f. 10 c. to that the profits of exporting gold from this coun try to France were about 31. 7s. ed. per cent., and the profits of importing silver to this country 51. 3s. 3d.: the united profits, therefore, of dealing in the coin amounted to Bi. 70. ltd. per cent.; and Wish such 4 profit, could it he expected that the cash circulation of the country could be supported ? It might perhaps be said, that iii making this re mark he bad thrown out of view the severe pro hibitory laws that denounced penalties so heavy against those who indulged in such practices ; but when it was considered that individual interest was marshalled against those laws, every one must be aware how weak their provisions must prove.— Hear from Lord Liverpool.)—He trusted he had Inade out, however, a sufficient case to inchice the House to concur in his desire to have the subject fully examined, for which purpose he should con chide by moving— " That • Select Committee he appointed to inquire into the state of 'he currency of the country, and into the paar ■ibility of the Bask of England resuming its cash pay ments." The question being put, The Earl of LIVURPOOI. said, that on a subject so necessarily intricate as that before their Lord thipe, lie must request their Lordships' indulgence if he did not follow the Noble Earl who last ad aliened them. The Noble Earl had stated. that lie canoe forward to state his doubts on the state of the currency after mature consideration, mid well weighing the grounds of his opinions. Ent with all defetence to the Noble Lord, and all respect, he tuna declare that he had never in hie life heard a speech ~r a more dogmatising nature—one state meat of the Noble Lord he entirely concurred in, and lie would state it clearly, in order to prevent any dis cussions that might afterwards arise on that point. It was this—that the best system of currency fur ally country, hut more particularly so commercial a country as this, was a system iu great part made up of paper, instantly convertible into the precious anttals. He described that paper currency, indeed, as an uniform one, in which lie confessed his iambi lily to understand him—but he altogether agreed in the principle, that of a mixed currency the greater part ought to be tipper. He could assure the Noble Lord and their Lordsliipr that there was not a mass in the kingdom more mitious to return to cash payments thou the individual who had the honour to address them ; and if, on a view of the particular sitnetion oft he country—its situation, he meant, in relation to other countries. and their financial operations—he became convinced of the necessity of continuing the restriclion on cash pay ments, it was with truth he avowed that he had come to that conclusion with the greatest regret— % conclusion quite different from his general views of the question, (minded on special and peculiar reasons applicable to the special and pecu liar circumstances its which the country was placed. He wished first to address himself to the latter part of the speech of the Noble Lord, sad his observa tions on the state of the coiu of the kingdom. The Noble Lord had alluded to the daemons')* in the House on the subject a few years before, and lied laid down that the proper standard coin would be a silver one. He readily agreed in the position that there ought to be some standard coin, of what metal that standard should be composed he would not argue, but he would contend that whatever abstract opinions might be entertained of its greater or less fitness for the purpose, gold was in fact et all times the actual standard ; it was after wards made so by law, that law enacting that silver should slot be a legal tender for any sum exceed ing 251. Gold was less fluctuating in value than silver—it was on that account more fitted to form a standard. The Noble Lord had endeavoured to show from experience, that from the regulations es tablished at the Mint, gold must necessarily be ex ported—end in confirmation had cited a preclicti slelivered by Sir Isaac Newton, that such would be the fact whenever a certain differeuce existed be tween the actual and nominal value of coiosge—but in the inference he hail made from the opinion of that great man. he was completely mistaken. The source of the error was, that silver was iii his time a ataudn►d as well as gold ; u man might then gto to the Mint with his bullion. and demand silver coin in exchange as well as gold ; but the fact was lint so n o w—gold was now the only standard coin, the only coin issued by the Mint. The Government only has the power to issue silver coin. He would admit, with the Noble Lord, that no law could prevent the exportation of gold. He would %tate one fact, to *hew that the conclusion of the Noble Lord was not correct. The fact was, that silver had risen in value more than gold. This was a complete answer to the Noble Lord's assertion. that the Mint regulations had given an advantage to gold bullion over silver. The state of the ex • hinge being adverse to us, was caused, not by any thing ill the relative state of the gold Roil silver— great quantities of silver bullion had been exported as well as of gold coin. He would now pass to the important subject of the paper circulation. The Noble Lord had founded his opinion on a change in the paper currency, on rumours—he had also alluded to a book ; whether lie had ever heard the opinions of the author of that book iii detail he was out sure, but he knew that this was his sentiuteut—. ~: ing it into effect, that . change way of regulation was indispensably necessary in the paper system. Letting things go on as they were. two years after the Bank would resume Cash payments. none but the Bank could issue notes a the value of it. or 5..1. That being so, Parka tient had three courses open : the first was, to suffer the present Restriction Act to expire, and to have recourse to a pure metallic currency—the second wits, to renew the law restraining cash pay ments, leaving the paper currency precisely in the state it was—or, lastly, to renew it. and introduce such regulatious on the issue of that currency, as would afrord • security to the country greater than that hitherto enjoyed. As to the first, he never heard Env rine deliberately affirm, that, consi dering the habits of the country fur tweuty-five years, and its interests, it would be prudent to re. turn at once to the former system. %VW; respect to the second line, would it be asked. that we should allow all private bunks to issue Bank notes of 1/. or *l. as before? Their Lordships would hardly lie have, that, Irons 1814 to the present period. out of about seven hundred private hauls*, more that. 200 had disappeared—nearly one-third of the entire number. He bad always been of opinion. lthat a change front war to peace was the great and rominent cause of the distress of the country; belt it was undeniable that the failure of country book' had largely contributed to it. The distress boil existed in proportion to the degree that country batiks had been carried to, and to the failure of them; and counties could be muted, possessing the greatest advantages from art and nature, that from these *A been reduced to the moat severe wants. These its would be increased ten-fold on the expiration of the Bank Restriction Act, and on any sudden change in the country, any alteretion in people's opinions as to the stability of such concerns, pro. ditced by war or other menus, fur notes payable on demand, a run would ensue oat country banks, which would produce revulsion and ruin in this country. It appeared, these, that we could DOD have a pure metallic currency. nor could we renew the Restriction Act without making a change in the constitution of country backs. It reenain ad, then, to renew the Act, and adopt some !regulation to check the issue of private banks. . Their Lordships could not dispense with such re lation after having seen the great crash produced. by the stoppage of them. In Scotland not snore than one or two had failed from the year 1806. The best plate, in his apprehension. that could be . adopted was, a.sying to the country banks, after the expiration of two years frotn next July, '• You have ' no power to issue notes for one or two pounds—if you are allowed to issue them, it is on condition, and that condition such that you shall, on the issue, deposit security in stock to double the amount of the sum isi.tted, or it. Exchequer Bills. equal to that 1111101111 i." To this regulation he had heard in effect but one objection—namely, tort by obtaining a security fur the small, you depreciated and cried down the credit of the higher notes. He did not see the force of the objection ; his opinion was, that requiring a deposit for the smaller would . increase the credit of the larger, from the facility of exchanging them for the small, as the only rea :son fur taking them was to avoid the burden of ,currying cash as small cotes. The issue of all the country banks was pretty nearly equal to that of the Bank of Englased—oue of the onjections of the 'Noble Lord was, that the paper currency was not of f an uniform denomination. Was that any reason against it ? Such a currency was hot, in the nature of tiling., Passible. 7 There was nothing iii the circumstances of the country, either internal or external, hut there was something peculiar in her situation, arising out of the transactiolis of foreign States, that at this moment rendered a resumption of cash payments delicate and hazardous. Ile sin cerely believed the Bank had made ample prepara tions for paying their notes, and were perfectly ready so to all, did circumstances permit. The Noble Lord had said, that the true cause of the re newel of the restriction was, the inability of Go vernment to pay the Bank the advances epode to them, which payment would he rendered necessary by the return to cash imptients. But in the course of last year the Bank might have resumed payments, notwithstanding all the advances to Government. The Government were ready to pay the advances; so that if that was the only reason, se would exist. The advances of the Bank to the Government at pre-eist, including those to Ireland, amounted to 11,500,00 e/. It was in tended out of the money now to be raised, to pay 9,000,000/. of. this; so that there are 4,500,000/. more of Exchequer Bills in the market now than six mouths ago ; but that was inadequate to account for the state of our exchange. The real cause of that was, the operations for loans , going on in France. He had proof of that, because ' the exchange first became unfavourable when these operations cominericed. 'llse question was, whe ther, after the great operations of last year, and those that might this year be carried on front the necessity of procuring money fur the winding up of the great events in Fritter, we should choose that precise moment for a recurrence to our former system. " If lie opposed the reatriction from the beg he would say, that this was ati improper season— because he was really anxious to return to cash payments, be was tinsvilling that that return should be made at a dangerous. period. The Marquis of LANSDOWN said, he felt bound to support the motion of the Noble Earl. Now three year. after the termination of the war, their Lordships were asked to continue a system taken up by chalice, founded we no principle, and tlies without any inquiry. The system, though pro duced by accident, yet by the grace of God hard, I in the opinion of certain Noble Lords, proved the wiseet that ever was planned. The only rcisson assigned for perseveritig in such a system was a 1 concurrence of circumstances, all indeed •ucli as had often happeueel before, but a combination sO i peculiar as to require Palliattient to keep up such 1 a system when we had so loug returned to peace and tranquillity. To evince the expediency of con tinuing the Bank Restriction Act, the Noble Land referred to a variety of argument% used in another place, but which, if examined by a Committee, wool not for one mornentseem entitled to attention. The most promi•ent of them was the loans, and a variety of transactions in which foreign countries were en gaged ; but all experience, and the history of Europe, would strew, that loans and remittances to other States could not deprive a country of its own circulating medium. Gem)* was an early instance of that : so was HollarirL When one nation chose to lend to another, there was nothing io shirt trensirction to pcirvent the richer retaining her metal currency, if she-Oferred to be at the additional expense so incur d. In the early parts of our own history, when our arms had heel► crowned with the same success in France they had recently, the same operations were carried on by us to a great extent, iiisonnich, that, in the language of France at that time, the words Creamier and Anglois were synonimous, yet no one ever heard that they drew away our gold and silver. The full resumption of cash payments, he believed not possible, from the double operation pursued by the Bank, of at once extending their issues, and collecting all the gold to the amount of fifteen mafiosi' from the Continent. All attempts would be vain to return to cash payments, without pre viously reducing the issues. According to the plan pursued, the Bank, supposing the restric tion to expire next July, would be compelled to come to Pediment six months after, and implore another restriction. Less attention had been given to afford information oil this most i►nportant subject than cm a Turnpike Bill. One part of the subject lie had not yet touched on, lie meant the application of the criminal to the sup port of the Brink. In considering the expediency of reviving the restriction, their Lordships -Should not leave out of their comideration the tempta tion to guilt afforded thereby to every indivi dual in the country, occurring too at every mo ment. It was curious, however, that for the few years immediately succeeding the restriction, as prosecutions for forgery increased • hundred.fold. so also did those for counterfeiting the coin. The Noble Lord contended, that the credit of the large notes would not be impaired ; if a►. the evil of these privete notes would be as great as ever—and large slims are usually taken front banks in notes of this descriptioo. 'File requiring a de posit from private bankers would cause a terrible revulsion in the property of the country, ■nd ■n enormous transfer of property into the fut►de, which he deemed very unequal. Ile comidered this measure to have had the same origin as most of the other financial measures of the Noble Lord, to produce au artificial rise in the funds. Before agreeing to it, Parliament ought to inquire into the conduct of the Directors, the nature of the opera. bons described in such general terms by the Noble I Lord, and the effects the measure would have on the morals of the country. The Noble llarquis concluded by impressing on the House the duly incumbent on the Legislature, of ohligiug the Bank to adopt the improvements suggested by scientific men in the construction of their notes. The Earl of FIARROWIBY said, that the Noble Lord's motion was unnecessary, as the restriction was not to be permanent. Duriog the increase of offences in counterfeiting the coin of the realm, offences in forgery bad increased also, and it was found necessary to apply to both offences the same punishment. With respect to private banks, some means must be found of giving greater security to the public. Lord Siwmourn said, he belived the number of prosecutions amid executions for forgery was less than was generally imagined. From a Return in his hand, he funiid that the number of executions in 1806, was tame ; in 1807, bow ; in 1808, one ; in 1809, two; to 1810, fire; in Ititi, 1812, five ; in 1813, two ; it 1814, one ; ite 1815, our ; iu 1816, four ; iu 1817, five. The whole number executed lot evening and for gery. la►t year. was seven. During the 14 years previous to the restriction, the aggregate number of prosecutions fur co g was 808. During the 14 years since the restriction the number of prose cutions fur coining was 3,11 Iy, while for forgeries the slumber was but 998. In reply to a ipieoioo from the Marquis or LANSPOWN, Lord Si DiatiV7ll wild, that the shove herb comprehended those irrosacuted tar forgiug, uttering. and poasetiming riorgeri mitt& The Earl of I.4UOSILIWA rephed--and the weo. lion trio nvg.itived without a dirivius. Adjourned. NOUSE OF COMMONS, Mos')4v, Aran to. Mr. Ashley, from the Crown Office, p ed an Account of the number Of pardons granted ander the Great Seal dar ing the last ten years.—etrikred to be printed. Mr. Johnson, from the Office of the Chief Secretary for Ireland, permuted an Account of (be Fees and Emolument• of the different Gneime in the City of Dublia,—.Laid sin the table. Mr. Hutchinson, from the Bank of England, p►esented an Account of the Number of Sovereigns and Half-Surerrigais issued daring the last quarter—the Amount of Busk notes in circulation during the same period, the price of bullion, die. dor. Mr. O. A. Tave.o* prefented the Report of the Committee appoiuted to confiner the Petition front the Vestrymen of Rt. Mary-le-boue, praying fur leave to pren•nt a Petition Air a Rill fur the formation of a new Water Company. The Com mitter were of opi kk Itt u that like prayer of Ilse Petition 'Mould be acceded to—The Report was ordered to lie un the tattle. ------ - Mr. J. Surto presented a Petition from certain inhahi. tants of Nottiughani, iii favour of the Cuttou Factories Las boor Revelation Bill —Laid un the table. Colonel GRANT presented a Petition from Elgin, against the Scotch Lunatic Asylum Rill.—Laid oil the table. Sir E.. BRIMOVI presented& Petition form the Fishermen of Gravesend, praying that the duties effecting salt may be repealed —Referred to the Committee uu the Salt lawn. General THORNTON gave notice, that ou Il r eduesday next he shontd move for an Account of the different Parliament. ary Grants to the British Museum, for the last twelve years, and the application thereof. Mr. Ablerman IVoon presented a Petition from the Ward of Bisbupegate, against the Pones Liles Bill and the Vestry Regiilation Bill. The Hon. Member observed, that the City of •Lositkiii unlit to he excepted from the operation of she kart Rill, which It was smelly Impossible could be acted on inehe metropolis.—The Petition wan referred to the Com mittee nu unsaid Bills. Sir N. COZTIIIIR*T presented a Petition from the liilishi- Cutts of Cork against the Wiudow 'Eat —Laid On the table. Sir J.Sraw presented ■ Petition from the Inlisbitanta of the Parish of St. Sepulchre, riesling the Vestry Regulation Bill.—Referred to rl►i• Committee uti the said Bill. Mr. (Mum , prineuted a Petition froth Mr. Thotnas that some check ought to he given,sotne regulation applied to an unrestrained paper currency...theta/a. dit otherwise would be liable to great socks—that such II state of thiogs led anew to doubt the secu- rity of the hest as well as the worst—tkst such • srs}em was therefore subject to coustsett revulsion.. Evtry individual •be lied ever spoken to allowed,' however he might differ as to the mode of carry- her it into effect, that some ehsnge in the way of \S Fisher, in favour of the Rill relative to Crlpy right, flow pending before the House.—Laid miihe table. 'IRISH EXCISE LAWS. General MILT presented • Petition from the inhabitants of the Parish of Clonmanny, is the Conuty of Donegal, panting the consideratiou of the House to tire oppressed state in which they have so long continued, in consequence of the severity of the late Excise law. enacted fur Ireland, and took that opportunity of again, as he hail several times before done ' of entreating the attention of the British Mem here of the House to the state of Ireland ; urging, that as the strongest argument in his mind which had ever been made use of for bringing about what is termed the Union between that conntry and this, was, that the Irish would flied themselves as well represented by an independent Rritish Member.. by say of their own, who are now kept away by adverse winds sad a variety of occurrences, which might probably act to a much greater extent io causing the absence of British :limbers had the Parliantent to cross the Irish Channel, iu order to meet in Dublin ; and also again brought to the cousideration of the House what he deemed most seriously to affect its privileges; namely, that of any Board, person, or office, having the power of withholding informatiou from the House so repeatedly ordered, us several papers had limn, which were required from Ireland—first. on the 1511, of May haw, then again repeated ois the 40th of June following, to be Art Arid' produced. and that had been several times since taken notice of without any effect ht bringing them to light. He then appealed to the Speaker, as the guardian of the privileges of the House, to take such step. es seemed to him Necessary, as from his profession suit former habits of life lie was out sufficiently qualified to say what ought to be done. Mr. Mutat pointed nut, in strong terms, the necessity of attending to the stale that part of the North of Ireland was now in with respect to the law complained of, which gave to F.xeme officers such powers. The SPaagrit, is answer le she question that had been put to him, observed, that any order made last Session must he renewed, shire it wet disposed of by the termination of the Session. The Hon. Menthe?* proper course would he to move for the documents he required. •If a return were nut made to that motion, he might call titr the papers forth with—and if Iliat were nustsceersful, he might bring the in dividstal who neglected his duty to the Bar of the House. Mr. PM. brought to the notice of the House that no question was then actually before it on the subject, het that there shortly would he, whets he 'imposed to move for papers relating to it.—The Petition was then laid on the table. Mr. NlAnslt put MT, to the Rath instant, his motion rela tive to the Creditor* of the Nabob. POOR'S LAWS. Mr BROUGHAM rose to present a Petition from the In habitants of St. Leonard's, Shoreditch. against the Hills now in pawns; 11 tilt the House for the modification of the Pellet laws, and the remiliatiosi of Park,' Vestries. He con fessed that he was one of those who felt much disappointed, that the Milli in quest' were the only result of the elabo rate ingniry of the Committee appointed to investigate the Poor's Laws. The Petitioners in the present instance objected to many parts of the new plan. They were averse to baying a permanent Chairman of a Vestry—they dislikes! Select Vestries altogether--nor were they friendly to the principle by which individuals were to be allowed to vote in proper hot, to their assessiments This last alteration he conceived to he a most dangerous one. If it were adopted, he knew the pioprietors of one brew-lionse, in a certain parish, who would have a decided majority, on all disputed eases, over the rest of the parishioners. These were some of the grounds on which the Petitioners foiinded their oppositiou, but there were several others, Monist equally cogent. The Petition was then read and laid ou the table. Mr. P. Moronic presented the Second Report of the Com mittee appointed to lupine into the case of the Ribbon'- weavers.--Laid on 11w table. Mr. ARBUTHNOT presented an *croont of the Arrears of the Property Taw—Referred to the Committee of Ways and Means. Mr. ARBUTHNOT also presented au Account of the In comes of the Diikea of Kent, Clarence, and Ciuubridge.— Ordered to be printed. WAGER OF RATTLE. The 411101trIFY-GENIMAL gave native, that lie would, to morrow, move for leave to bring hi a Bill to abolidi the custom of wagiug of battle in criminal appeak.--r/frar, hear.) COMMITTEE OF WAYS AND MEANS. The CIPANCELLOIL of the Exictiagutit moved the Order of the liqy for the Usisere resolving itself into a Committer of the whole llosise to consider of the Ways and Means lowan!' raisiiig, the Supply to be granted to his Majesty. Mr. METticax was asixiosis to know, before the House went sushi the C 1111 l mittee, whether the Hots. Gentleman (Mr. S. Bourne) intended to bring fur ward the Vestry Regulation Bill this evening. Mr. S. BOURNE said, if the statement of his Hon. Friend (Mr. Vaissitsari) did slot occupy much time, be certainly would proceed with the measure. Lord STANLEY rose to ask a question of the Chancellor of the Exchequer (the noise in the body. of the House was so very great, that we could hear very imperfectly what the Noble Lord said). A. far as we could collect, lie observed, that there was a measure then before the House for the consolida tion of the duties ou'voriotts goods. He under stood, on a former occation, that no new duty would he imposed by this meosure ; hut he ►ipice heard that it did go to create a duty of 1.5 a. per cent. on dill'erent articles. Ile wished to know whether his information wary correct. The CHANCELLOR of the ExctletwEit, as we un derstood, intimated that the measure only weut to a modification of the duties. Mr. B. 1% . I 1.68411 AU suggested, as the Budget must necessarily take tip a vonaiderable time, that it would be advisable for his Hon. Friend (Mr. S. Bourne) to postpone the consideration of his Bills relative to the Poor's Laws, to sonic future d4y. Mr. METtiunt inquired of the Hun. Baronet (Sir K. Peel), whether be meant to press his mea sure relative to the regulation of labour in Cotton- Factories, in the present evening ? Sir R. PEEL said, under the existing circum stances, lie would not bring it Forward to-uiglit— but lie hoped lie would, on Mouday next, be al lowed to call the attention of the House to it. The SPEAKER here ioteepOsed, mod pointed nut the delay and inconvenience which arms front a de. sultory conversation of this kind. The House now resolved itself into the Commit tee, to which were referred an estimate of the amount of property in the Exidierper, and un ac count of the arrears of Property Tax. The CHANCELLOR of the EXCHEQUER' the. proceeded to address the Committee. Hon: Gen: tlemeu must he aware, he observed, that tautest the earliest opportunity were taken to procure the sauc lion of Parliament to financial arrangements, a great risk would be run of disapp .inting some of the parties concerned in them. On this account, whets the consideration of so important a measure as a loan was brought before Parliament, other business was obliged to give way to it. lie had, in his official character, to state to the [loose the terms of a bargain which had been arranged be tweet' Government and certain individuals, al though the whole amount of the subscriptson had not yet been furnished : 7 oe fttlo,ooo/. still re mained to he supplied ; but the transaction was in a state of sack forwauluess, that he conceived he ~~~ \ Would he wanting in his *duly to the house and to the oubticribers, if he did not that day call the at tention of Parliament to it. Before he proeeeiled to that point, however, he had to take a succin, r view of the financial operations of the year. Most Of the pipers connected with this subject had been presented—but some, containing certain animal accounts, lied not been laic/ before Parliament, and, therefore, he could not have the satisfac tion to make so full and 'dein a statement, as he could have done, it' tire busineee had been intros. duced at a later period of the Session. But a time would arrive, when, every information being to the possession of floaciurable Members, they would have an opportunity of remarking on any deficiency that might be apparent, and of offeriti such observations as suggested themselves on the financial arrangements of the year. Although the fieaticial operations of the year hail been gone through, only part of the necessary grants had been voted. He could, however, introduce a view of the whole subject, with but a few exceptions. 'Flue Committee was aware, that the Navy arid Army Estimates (with the exception of the barrack and commissariat departments, and the army ex traordinirries, which still were to be proposed) had been voted, and a considerable sum raised in aid, alibi:high a part still remained for the consideration of the House. On referring to the votes, it would be seen, that the Army Estimates had been granted— leaving for the consideration of the Huuse, at a finure period, the sum of 1,400,0001. for army .x. traordinaries, and to cover the estimates of time bar rack and commissariat departments, which were on the table. The total amount of expense for the army would. fur the current year, he 8.970,000/. in the last year it was 9,414,373/. here it wits to be observed that the grant for the diseinhtidital mi litia was not voted till a very late period of the I i.t 'Session—the charge of which was now to be titaile ' good. The sum necessary for the support of ife navy was 6,456,800/.—in the last year it ants 7,56,•net. The Ordnance Estimates, excled le; ' the vote for naval purposes, which formed a part of the Navy Estimates, amounted to 1,9.45,Gua It was last year, 1,970,6,961. The Miscellaneous S e , vices, of which a considerable portion still remaiiii 41 unprovided for, amounted to 1,7-20,000/.—tint in. eluding the vote for churches—which he took as 3 separate account to he provided for by a different arrangement—namely, by the issue at Exchequer Bills. The Miscellaneous Services did however coat ! prise a grunt of 100,000/. for the increase of siiia;'. livings, under the Act of Qiieeit A nne. I:1 the last year, the amount of Aliscellitneotis S. ~ I vices was 1,795,0001. The tot a l s u p ply, th erc i., ir , Iwas 18,394,400/.—the supply, last year, bring; 20,074,0911. In addition to the service of the year, I properly so called, they had to provide 2,000,000/. for the interest of Exchequer bills—and the Sink ing Fund on Exchequer bills outstanding, 560,000/. of thought it was very probable, in ciiiiseqnetice of the arrangement he that evening would state to the Committee, that there would be a considerable saving on the interest of Exchequer bills, because. as a large sum was to be funded, an immediate re duction must be effected, and a still more extensive one probably next year, by this operation. Add. in;; the last mentioned sums of 2,000,000/. and 560,000/. to the sum of 18,394,000/. the total amount of' all these services was 20,910,4001. in addition to the items already mentioned, thine were several extraordinary claims arising out of the cir cumstances of the present year, which were Irons td be provided for. The first of these was the grant. of 725,0001. that had been voted for the fortifica tions in the Netherlands. under the Treaty of 1815. Though that sum was voted in the Committee of Supply, yet no new burden would be imposed rat the country for the purpose of meeting it ; it would be defrayed out of the French contributions in t h e hands of the Commissioners. The next sum fa which it would•be necessary to provide, was an :tr. rear of 400,0001. part of the grind voted f u r t: e purpose of carrying into execution the Treaty won Spain for the abolition of the Slave Trade. A. - other extraordinary claim arose from a deficieni v in the Ways and Means of the preceding year.lBl7. The deficiency, which amounted to 2.59.6861. ,:tat not arise from any failure of the Wes, and sle3i.s, as they were planned for the year—but from tli.- circunsstance that a provision of 'wetly 300,000/. had been made, after all the Ways aid :il,,,ns et the year had been completed, by it parti,•idar ar rangement in his office. Amy Gentlest air who s :is in the habit of considering these mutters must k,,,,, ,, ,_ that the disembodied militia were formerly limy's& ed for by a charge on the land tax. It oils lint : , therefore, a visible provision by Parliament, but ti reduction of the revenue to that extent. Last yew. it was considered a better and more regular cut:rte.: ' of proceeding, because it would tend to render cvery:i thing clear to the House, to vote, its supply, the suns necessary for the disembodied militia, instead ai l acting on un anticipation of the revenue. A granti• therefore, was voted in supply, but it was too lattel„ for a corresponding vote in Wily* and Maims. It therefore became necessary to provide for this aunt ' of :239,686/. The amount of the two ex t rattrifiela rys services lie mentioned, 659,68 W. joined with the former items, completed the charge for the poesrin year. On the side of WAYS and Memo to meet this charge, amounting to 21.612,016/. there was first the ordinary vote of 3,000,000/. for animal duties—a vote that did not require explanation, There was next 3,500,000/. on those Excise glut', s, which were to be continued till the year 1821. It would be found, by reference to the amount of the Excise duties to which he had alluded, that thee produced, in the year ending the sth of .18tittiii , . 1118, 3,104,0001.—and there was no doubt, !hi:, in the course of 1818, they would amount 1 .. 3,500,000/. The 'text item wits time orilioury or:- of the Lottery—which would produce 250,0001. (kkur, leer, from the Oppositeurt.)—The Ilt xi sum was 4250,000/. alik4i would accrue from mho sale of old stores. Last year, the old stores s.a,i produced 400,0001. But it was clear, that, in proportion as the country receded from a state of war, the quitotity of old stores must necessarily di minish. The next item arose from some arrests still remaining to be received froin time property l'ax. The Committee must be aware, that Imo year arrears of this tax, to the amount 4 1,540,000/. were paid, and applied to time servici• of the year. There still remained 350,000/. to 1.- collected—and of' this sum the officers at the T..\ Office hotted to be able to collect :150,000/. in ii . 'present year: There was also a email tutu ~'. , 2l pi 4,19,4 tiH ':''T 0 an ' MA . 7' Id eN Ilt of • o (tt•l f ll fret) X4I by ' 7 , eo G, Pt to hit i , 1 ha, pi; in. de nw veto tour (th . gre 111 Ii th . o 111 H . N'lll • lie of lull I atm Tiny li igl n nt !!' l rom6 Ho' Surf the- to p i try. in t 1 ho l y Seim