The British Press; or, Morning Literary Advertiser. — London, England, 1819-06-10 00:00:00

.4 1 e thought of, and at every stage he should de his best to avert it. 04 the question for bringing up the Petition being pot— The Cuestcst.ton of the Excusourn said, that having conversed with many very well-inform ed persons on the subject, he had beets led to the inference, that there did not exist any sound objec tion to the proposed tax. With respect to the duration, on which a conversation had arisen late last night, whether the forms of the Rouse did not exclude Petitions from being presented against the Resolution. of the Committee, sanctioning, as they did, the imposition of taxes, as he should rather construe the restrictions against the subjects' peti tioning liberally than strictly—and as the new taxes could not in strictness lie considered part of the Supply, the Resolutions providing them not hawing grown out of a Committee of Ways and Means, but a Committee on the Finance Report—he be lieved, on further consideration, the right of pelt. tioning was not yet precluded, and that the Pen. tion might be received. Btit if the Resolutions bed passed in a Committee of Ways and Means, there was no question but that would constitute a preclusion of petitioning, even beforeilills founded uu them had beet, introduced.—[The Right Him. •Gentleman•spolte in an extremely low tune of voice, -Vo that it is possible we may not have reported his observations with perfect correcteess.] • Mr. BROUGIteIe said, as the present question affected a most important right of the subject, lie trusted time House would indulge lons in n few ob servations. The Right Hon. Gentleman had stated 'that his former objection to receiving Petitions filled, on the ground that the new taxes were not included iii the Supply, not haviug originated iii Committee of 1% nys and Mums. In this opinion be (Mr. Brougham) entirely concurred, and hail the R:glit lion. Geld !email stopped there, he should not have troubled the House with a single word. But as he had guise much further, and asserted that not alone the brnigieg in of Bills, but the pessiog of Resolutions in Committee of Ways anti Means, was, by the forms of the House, a preclusion against petitioning—and, as that question would rtecessaiily arise again, it might be expedient (without d e . neon; to engross the time of the House tuniecessu sit)) to examine that position at piesent. Hetsell, who certainly must Ire considered of high autlei. rity, discussing the - voila in his third soloine, wade use of lauguege winch sliewril that, according to him, the principle of the Right Honourable Gen. tleman was not correct, but that which be (Mr. Brougham) had laid down last night, namely, that it was not the passilig of the Resolutions Inch constituted the ground of exclusion, hut the bringing its of Bills founded thereon. The Honourable and Learned Gentlenian then read rum extract horn the Above work—describmg the necessity in e Leh the House fuund itself, slit.rtly after the Revolution, of establishing some regulations on the receiving or rejecting of Peti tions—and stating, that it had come to the resolu tiun nut to wear any Petition against a Bill pent!. in gto impose a tax on any article. That (Nlr. Brougham proceeded) sufficiently shelved what the suatiments of the writer were ; but, in order to re move all doubt on the subject, he then cited tl:e cape of the Pennon from the City of London, re jected nu the 26th Fyuruary, 1727. He observed. . that of seventy-sitar cares ',reduced on that occa sion and read, theme sere but three exception* to his principle. lie (Mr. Brougham) wiehed particularly to call the atteotiou of the House to • she rejected Petition of the City of London, because it originated on an occasion exactly similar to the present, being directed against as intended tax on wool, purulent tea Resolotion of a Committee of Ways and Means ; but such a multitude of Prti. Units poured in against it from all parts of the 'kingdom, that, though the Bill hail been brought the Ministers of the day were compelled to give it up.—/ Hear.)—But a recital of the circ'nm stancsa attending the rejection of the Petition v:ould skew, that that example ought nut to re gulate the conduct of the !louse at present. A Re solution to the effect he had described had passed the Committee of Ways and Means, but bad not yet been reported. A few days after, on Monday, the 26th February, a Petition was presented from the City of Louden, in the usual manlier, by the Sheriffs, at the bar. The House reject. ed that Petition. But it should be observed, that the Petition did not refer to any Reso lution of the Committee of Ways and Means, nor to any tax in contemplation, but contained a general complaint of the burdens under which trade interference and and a general pray er fur the end consideration of the House. It was not • Pe tition armlet a new tax, but prayed fur relief, ge. sierally, from taxes already imposed. This, there. fore. he left out of the question. On the 22d and 25th of February, 1729, two Petitions vomit the salt tax were refused. About the same time, on the 27th of January, 1729, • Petition from the soap-makers and chandlers of the City of Biistul, against a tax which affected their trade, sod which had not been inserted in a Bill, but had only ema nated from a Committee of Ways and Mastic, was rejected—.but, before it was rejected, it was pre. seated, brought up, and read—the City of Bristol not possessing the privilege which London enjoyed of haring a Petition presented and read, us a matter of form, before it could be rejected. These excep tions went to strengthen the general rule, and, to use the words of Mr. Resell. 1 1 the House ought to be particularly cautious not to be tuts rigid mu extending the opposite principle beyond the prac tice of tiurtr aurestors. If there were any doubt on the subjeLt, the people ought to have the benefit of it. Lord CASTLERCAON mid. as there was o 0 objet. Lion to receiving the Petition, the point had not arisen on which the Learned Gentleman could use fully display his iuformation. If, in the course of the evening. any Petitions were presented. to the receiving of which opposition was given, that would lee the time to discuss the point to which the Learn ed Gentleman had applied himself. Mr. IiIIOUGNAN would not have introduced the subject if the Right Hon. Gentleman (Mr. Vau- Milan' had nut adverted to the opposite principle. Lord MILTON said. the intended tax on foreign wool had created the most lively apprehension throughout the country. When the Petition now before the House was disposed of, he would pee. seat another on the wine subject. which was sign. ed, in the course of half a day, by between six end Wren hundred persons. He was inclined to think, from the documents in his possession, that the imposing • duty of ed. per lb. on foreign wool would act as a prohibition to the impor tation of that of • coarse description. He held in Ins liund a 'statement of the price of coarse 'foreign wool, for several years back.— &Awry wool,iast year, was Ad. per lb. Did the. Chancellor a the Exchequer expect that it would bear a tax ? Prussian wool was 10.1. per lb.; •South American wool was 20. per lb. Would hot such a tax prohibit the impartation of those low priced coarse wools? If he had ou other articles, on which lie could impose taxes, but those which lie had stated to the House, tiny might safely come to this conclusion, that the country was not in n situation to bear any additional burdens.—/Hear, hear.) — The Right Hon. Gentleman came down to the (louse in a very suspicious mantles. on 0 13 °COI' slut,. lie said, in a suspicious manner. because lie was sure, in proposing this tax on wool, he looked reward to gain the support of a certain class of per sons in that (louse, who called for protecting duties on wool.--q Hear, hear.)-lle believed, however, that the lauded interest and the wool-growers, so far from being benefited by this Measure, would be very seriously injured by it. Sir C. 'Unarm. viewed the tax in a very diffe rent light (ruin the Noble Lord, and a few Gentle men, who were connected with Yorkshire. llow the tax could injure the wool-growers he could not possibly conceive, since their warehouses were tilled a itli wool at this moment. which they could not sell at any remunerative price whatever.—( Hear, hear.) —lle was convinced the tax would benefit the ma nufacturer, and would be useful to the agricultural interest.—(//ear.)—Lideed he hailed it as on omen of future exertions in favour of the :egr:cttlt ti ral interest. lie hoped in another Session au effort would be made to relieve them from the pressure of direct and indirect taxation--particularly of the poor's-rates; by which they were completely borne down. Lord LASCELLES said, a sense of ditty would impel been to vote against this tax, on all occasions, no matter from what ►ource it came. Ilia coil @cretinous feeling was, that a more improper, im prudent, or injurious tax, conid not be press►d on the priblic.--(fkor, hear.)—The way in which the tax was proposed did not alter his view of it. At present it was intended to be a money-tax ; hut, if he could be brought to vote fir the measure at all, he would more readily have r;iveli it his support on the pretence which was before urged for its adoption, namely, that it would give relief to the farmer. No ►ystem could be more injurious to the landed interest of this country, particularly to the wool-growers, than that of keeping up the price of their tominutlities by la)log this tax on wool. It was argued, that the wool of this country might be improved xi as to render foreign wool unnecessary. If the growers endeavoured to force it to a liner texture, they must do it to the detriment of the long wool of this country, a substitute for which they could not find in ally other part of the world: Ile eun‘ideted the introduct►on of such is measure as aiming a blow at the ►taple manufacture of the country. The Hun. Baronet hailed this tax ar a good omen for the agriculturalists. Ile was very much afraid, if some Gentlemen in that House had their way, they would press tins gond omen a great deal further, fur the purpose of aiding the ageicultural interest.—( Hear, hear.) Sir C. RVIIRST.I. said, the Noble Lord lead 'sauteed a fact winch be had slat stated. Mr. Cosset,e said, the value of stock over the I . whole kingdom had increased in IRIS-19, at least SO i 000,000/. The farmer had no reas o n to com plain—but he thought the public hail a right to be dissatisfied that the price of animal food had not fallen. It was quite clear, when the tuxes were to be further increased, that the price of grain would be kept up, and, by this false policy, the fanner would be scarcely able to pay his rent. At the pre sent moment, in consequence of the facility which was afforded to the importation of foreign wool, Chia country was able to beat the French manufacture in the foreign market. But. if this article were timed, a bounty was given to foreigners to use their wool, and thus they would be enabled to under sell England. The tax would be injurious to the agriculturalist, and would in its produce fall fir short of the Right lion. Gentleman's expectation, since its effect would be to pot au end to importa• lion altogether. Sir J. SESRIGUT always regretted when the 'w.f.! cultural and the manufmmeturiog interests seemed to clash, since they were intimately connected and blended with each other. Time Hon. Geutletuan (.lr. Curweom) had observed. what astonished him a good deal, that the farmer had no right to com plain, but that the public were justified in comn.: plainimig, on account of the high price of food. That high price, he ought to know, arose from the scam city and consequent dearness of provender in the last summer—and if the stock lied veceutly been increased, it was entirely owing to the increased quantity of food, which abounded every where, Ile could not suffer the lion. Gentleman to say, v.meu lie knew that the fanner suffered severely from the pressure of the times, that he had no tea.. sun to complain, but that the public sum general hail, without protesting against the statement. • _ Mr. Coavecto explained. Au lion. Member declared that nothing could be more mischievous than soy attempt to divide the agricultural and mininfacturing interests. They depeuded mutually on each other. If the termer did not procure a fair remunerating price for his corn, he could not purchase the goods of the ma• taufacturee, who must of course sutler from the stagnation of trade. The Petition was then laid oo the table. Lord Mtr.tort presented a Petition against the proposed tax on wool lcuin.,the town of Leeds. Ms Lordship concurred entirely in the übservatious which the floe. Baronet (Sir J. Sebright) haul made ou the connexion between the agricultural and manufacturing interests ; but he thought it was somewhat extraordinary, that Gentlemen, whip were so much rejoiced at the imposition of a as of 200,0001. on wool, as a measure that would serve the agricultural interest, at the Sams moment agreed to burden the land with an additional tax, amounting to 4,000.0001. Alderman WAITMISIII hoped a full opportunity would be given to the pewle to Petition against -011 4.6•4414... 11-13.1 j.. •41.3 those obi,3liollll Mei Mire/ which were Min iu cou temptation. The Petition was laid on the tahle. Mr. I'. Moon presented a Petition from the iiihuhitants of St. George's4lugovar.wpiare, against the tax on malt. Mr. BROUGHAM ogretvl entirely in the senti ments of those I ;riillernen who hail pointed oils tlii impropriety of ill 'king any distinction of isiterest between the grower, the nnitinnictnier, and the coo. sinner. It could he shewn that their interests were that they were bound up together ; ouch he wireald prove, when ■ tax was imposed favour of the groi%er, against the consumer, skit the grower himself was not relieved by the pressure nil the consumer, but that the feet went directly the contrary way. The Petition now before the Douse exhibited a fa' Selina illustration of this doctrine. It was a Petition coining neither tenon the grower nor manufaEturer, hut exclusively from the consumer—froth that clam who, the Chancellor of the Exchequer had argued, would be benefited by a frrs b duty of 1,500,000. on malt, and .10110.000 i. WS spirits. This statement, however, ap peered to be pressed in Valli on those worthy con sumer' of malt, who were as much interested 111 the tux as the grower or inautifacturcr. Lord CASTLEREAGH said, the heating of the Learned Grinlowan's argument was to endeavour t o A m u, that all nal-tits to whom twist' applied, had a common interest in resisting every tax.- -f Hear, hear.)—But. if the tax was properly and judiciously laid on, according to the ',nue..., or the climitiy, it would, though it at first might unequally on the consumer. lee et length dis tributed rattly all over the community. This in ference, which must he drawl' from the Learned Gentleman's urguinent, was favoitruble to a just taxation. If the Learned Gentleman's position were taken to its full extent, it would be it grind areetnetit against taxation altogether. Ile was perfectly ready to give the Learned C;eililenien the benefit Of his principle, that, lay the tax where they might, it would find its way over the whole coin monity_..but he could admit it no further, since, if it were pressed further, it would eounteinnice resirtalice a l pinist all taxiitiou—agaiiist the faith of Parliament, and the decision of the Legislature.— (l/err, hear.) Mr. BROUCTIAM wished the Noble Lord would fairly state the principle he hail laid down, iustead uf palming one on him. Ile did not insinuate that all taxes mull fall equally ou the community, iu the coarse of time. The enal*•-tox, ter lust:ince, would fall on the landlord as well as on the consumer, hut is a very unequal tray. The Petition was laid on the table. COMMITTEE OF WAS AND MEANS. The CIIANCLI.LOR of the ERCHEQU:iR moved the Order of the Day for the Douse resolving itself into a Committee of Ways rod Means, to consider further of the Supply to be granted to his Majesty. Sir .lossen liroeire said, he was sure the Chair man (Mr. Ilrogden) must have eympatiliacd with him a few inniutes before, when lie was taken o.taek by the Speaker—M 1 ( . 1 10 )—just as he wits about to ask a question. 'the question he wished to put to the gallant Admiral (Crickteorit), or the Comptroller of the Navy. was, whether it was in tended that any thing should be done for Mr. Sep pings, him:fled out the statement contained iii the third Revert of the Finance Committee, on the Navy ?—(" Order ! order !" ) the CILIAIRMAN—" This ilia Committee of Wert and Means, mot of Supply. Dad it been the latter the Honourable Admiral might have put his questions." Sir J. YORKE I ' m very sorry for it."— ( Laughter.) TILE BUDGET. The CHANCELLOR Or the EXCIIi QUER said, the duty he had to perform, this eveilia.g. was cowl. derubly !resealed, by the proceedings that had pre. viously taken place in that Hoarse. They bad al ready entered into an investigation of the finances of the country—they had taken au extensive view of those great principles on which the financial rya tem of this country was to he conducted, and that systetu had been sanctioned by their votes Nothing, therefore, remained for him to do, hut to bring under the consideration of Parliansent those loads of the general plan, which it was necessary to to. range, in order to carry into etfect the system which the House had adopted. The House had already come to a resolution to niece 3,000,0001. of money hr taxes, and to make such provision, as would render it unnecessary, in future year., to have re.. course to the raising of money by loan. it would be merely necessary tor hint to state how it ass in. tended to carry the arrangement of Parliament two effect, and to detail those general measures of tax. anon, which circninstances required. Ile would proceed in the course which was usual on such occasions. First, lie would state the Sup. ply necessary for the present year, and the %Ways and Means most proper to raise that Supply—lie would then explain the nature of the taxes which he meant toaribruit to the Committee fur their sanc tion—and lastly, lie would point cent the general measures which it would Ise proper to have recourse to, if die Resolutions which the Ilou-e had already adopted were carried into arse , . The system salmi, hr was about to bring under the consolera.. tiou of the House would enable the country to look forward to succeeding years without liar adoption of any new measurer of taxation, and without having recourse to loan, except a very smell loan which would be necessary, in the next year, in order to complete the financial arrangements which were , now in progress- So much derailed inforaratio., had bets) laid before the House in the Revue 4.f the Filature Committee, that he lord, on this octal. Sion, only to refer, in portend terms, to the state. • mews contained in that Report, and to bring them in contact wilt the %Vey. mid Mt ties fur the year. The first head of Supply was The Army, which had already been voted. Allowing for the Army Exuaerdietrier, the total charge fur the Military Service of *be year was £1,900,000 Foe the Navy 1,436,100 There had been wined fur the Ord In the Miscellaneous Services a very cousiderable slumber of items were yet to be brought an the consideration of the House--particularly the grant for bettering the situation of the 'Kott' claws of the Clergy. Adding the arm necessary to be voted to dist which Parliament ball ,)ready granttd, total amount of Miratellameous Serrates far the year, wee to With that atte..t.. t.t Itostitsi)S o.•i s ud p a y to the trgular rorttui of Parlienieut, he mi ,1, ( „1 it WJS not 1114 tertri , tien at Present to tO Piet. that, a s t here yet restrained some supplics e i' n ' o b t e ;kl7te le tte awl Mewls, hut •tu frorrotr from the evoking food to the antorrot of 7 2,0111),0001, esee viill..g all F . 5114.01101 10 he K ranterl.— -rr„i s mo d e ef proree.iiog Het ullty secure reeohowy, hot %fluid alloorl ao opportunity 1, 1 . making tho.r., cit!eolatirote oho I it nstAltt he hefts sere hereafter In lay before Ilse hods!. He •Wenil however, presently stale the out row of the arraoge moot, otth rests, ut to the loan from the stnitiog ninth l'lsc hasi Saprlira U.r Mt ray. as !$t !*3.1 already tolusterated tlw_m, autiottuttl I 418,471,4x9 To that 10 ha tllldrtt 1,01441 d un EllfilrlVIPT BAIN Stoking Fuuul ou twit, So that what was cfaiiteit for eel,. re of Ihe year full short the sum us 21,ri0n,0401 which was stated uI the R..folut ..... alsrady agreed to by the [loose, amounitug to £1n,477,000 To meet this expeoditure the House had already graiithd the comma duties en malt, tobacco, &c. wad aiso is grant of J,500.004. till the temporary Excise duties. In addition to shit lie meant to pro pose a Resolution for raising tile sum of 240,0001. by way of lotter, aid a slim of JJ 4,0007. Maas der rived from the side of old tIAVIII la(tlteP. The agxrcgatc of these swine was It was °bylaws, therefore, that, with a view to meet the supply granted l Barb norm, on extraordinary stint of isAimmont raised by w.sy of loan, would be sidlicsent tor the sersice of tie year. But he' need trot call to the recollection of the Committee that the prove ding which hail t .keil place with re- Floret to the resumption of cssli payments by the Bank, led to an arrangement fisi the re•insyrnent to that body, iso the course of two )rays, of the sum of 10,00°,000/. Of this it wail necessary that 5.000,000/. s h oo k' b e pr o vided in the present year, and a fusilier sum was demanded fur the reduction of the intfunderl debt. 11l order to meet those rottraor donary charges, which were added to the ordinary service of the year, it war proposed to raise two had been contracted for that moriiiiig, by uompetiiiim, to the amount of 12,000,001A — the other war's loan from the sinking food to the amount also of i 2,000,000/.—w loch would be rub., trotted to l'isrlisassent tit Ell early day. With respect to tills loan from the sinking fund, as it would lie his duty sou a future occasiou to its coistlitiotis to the 1-louss-. lie would slow only observe, that, ill order not to interfere too much with the money tnarket, it was so arranged, that the 151,000,000/. should be paid in the course of twelve 'wool's, so that a considerable sum Amnia still be left in the hands of the Commissioners for -the reduction of the national debt, to entitle them to make purchase" of stock. lo the October and January quarters, it wits intended that the monthly payment should ht 900.000/.—iu the April and July qtoortera, 1.100,0001.; by which arrangement very nearly 9 10,000/. would Le left monthly cot the purchase of stork, exclusive of the Irish linking fond, from which no portion would be taken. The loan or le,ooo.owd. try competition, and that taken from the 'Miring fund, added to the taxes that had been voted, formed a total lc ovation of— Ways and Means, to the amount of .. £31,074,000 That sum. ciituvirtd a.th the whole Supply of 20,477,009 Left a surplus of 10,697,000 which would nearly cover the sum of 5,000,000/. to be repaid to the Itattk of Eughttol—autl 5,600,0001. due to itislosidual holders of Exchequer Hills Making together £10,600,000 lie had informed the Humie that a loan, by competition. for I 2,000,000/. was this morning contracted for. Ile would now state the terms of that loon—awl lie congratulated the Committee that such terms lied been obtained. They were highly balkfactory, and proved the rising cosifi. deuce a n d spirit o Well pervaded the money market. The loon raked was on the terms of subscrip. thin fur 12,000,0001.—f0r every hundred pooods of which, eighty pounds cousolulattelannuites (pay. a ble iu July, and having no retrospective in. teresi) end 621. I tits. ed. in the reduced, were bid. There were two other lists, one offered 651. 10s., the other 651. 21. 6.1. The list which obtained the prefrience very far outstripped its competitors in the race. The party taking the smallest portion of stock in the reduced was entitled to the prefer. once—and. of course, the lower the bidding, the less quantity of interest the public were called on to pay. The two loans, that, by competitiou, and that from the sinking fuud, must be considered as for • g *lmmune irstisuction. The whole must be looked on as a juied loan of 20,000.0001. There was thus created 34,304,0001. 3 per cent stock. The interest It 41, Su..king Fund 402,594 Camille fur Slsusgement, on the usual terms 10,291 Making a total of Here he tltou2ht it necessary to observe, that he had on this occasion strictly carried into effect the at.. ratigentent of 1813. By that arrangement, when the luau fur a year increased beyond the proportion of the sinking fund fur the tune. a fresh sinking fund, to the amount of half the interest, was directed to hr formed, This provision might, perhaps. in strictness, have been dispensed a ith. because 40 great a portion of the loan would be appropriated to the payment of the unfunded debt—but it was conceived better to form a proper stoking fund. 11'ith respect to the charge for management, be must state, that hr did no consider the Batik to have NI right to claw such an allowance on the sinking fund loan. but meetly me that prvettred by comp e. The reason of this distinction was., beca l m: the nuking fund loan represented an equal amount of stock in the market—►t stood in the name of the Coonuitaioners—und was applicable In the ►teeter ...,uu•r wadi in their hands. The rate of iutere►t on the I•wn to subscriber& was 41. +Ss. 9d. amounting, uo ali average calculation, of three per cent. stock, to ti9i. The total rate of charge paid by the public was 61. lie again congustulated the public on the terms of the luso—wlach, he thought, would not be unievourshle to the solventuraus parties who had taken it for the public service; although the terms were is lON that, with reference to the int. giettitatv price of stock, the bidding wits !lordly justifiable on the score of prudence. He hoped. noweser, that it would ultimately prove oidsaa. tagenus to all parties. 'Before he proceeded to the Other part of the cub. et, i.e might be aiiowed to advert to the sum...! winch would be necessary for the emoting yirmi. As fur as he could judge at pretent, hp hoped.the amount that would be required t. be.vdised in the next year would nut exceed 11,000.000/. liar the different branches of the imhlic* eureice, and t „ pay back to the Batik of }Logien/ lite rein4iniu4 5,000,0001. to complete toe arraiigement for the liquidation of 10,000,0001. due to that There would then be . iin more than 4.00o.no)/. necessary to he borrosirtd hi the mark-t. Intwt4.. the surplus of the sinking fond. That small could easily be procured--rind be 1,0, ; hoped. looking to the prospect of ri 1.••1 t triniquiliity, that this would he the hat ttop. wool bare occasion to resort to the money nirilfrt during the continuance. of peace.—( I /ear, hear ,t —And perhaps even that applicati, , ,, might avoided by some management, when the pro l i r! period arrived.—(Hear, hear.) The next branch of the subject was the mode by which he proposed to realize the pleil, 4 e given by Parliament, that 3,000,000/. shoubi be wised hr taxes for the public service. Ileitig oft rite goll..rt;l subject, before he proceeded further, h.- , Atsll-41 detail the present state of the ut.fuuded rL bt , f the country, in addition to the fit. (I.d d, lit, , t ,„l t h e situation in which it would re romit, r t,„. rangetnents of the present year were, %tooled Hp. The 'mount of the unfunded debt was about 4000,000/. which was provided for by votes IS Supply in the present year. The tots% rion-aid of Exchequer Bills soled this year, was 44 boo,oocd, and of Irish Treasury Btilsj payable in Jot Br at, 4,400.0001.--emalitiqr a total of 49. 0, 10.ett0t. —lle proposed to replace to. to by s grant of 20.000,0001. of Exchequer Hills —e further vote (4' 16,000,000/.—and 2,500.000 t f Irish Tre.i.my Bills, which the Bank of helm(' were molly tri ex. change, This would tuck- the total s.no unt of lb.. unfunded debt 33,500.000/. which, corn!,arel with the sum of 49,000,0001. now existing, elie4i.ti a diminution of' 10,500,00011. It was 1113 intention to propose to the House tlrit the sum of 3,000,000/. to be raised by tux..., should be applied to strengthen the sonsolidateil fund. and to defray the interest and charge of the Dian of the last and of the present year, ta "Melt that sum would he nearly equal. The interest anal thaw of the Lose of last year, .ere Of the present year Mekinf Exceeding the sum ut By -2,a00 The !um of 3,000,0001. would he appropriated to meet the charge o•f the two loans—mutt, a s it was • wutter of account, it was not very• material titA the utsproptiationrhould be eitactly baietticril. The produce might be thrown ou oue side or the tlthyri wit hou t inconvenieuce. He now came to the source of taxation. The consolidated customs formed the first heed. It etas impossible for him to go through ell the itr ir.. f which it was composed. particularly us a belied.: had been drawn up which would give Gent'eine , . the fullest information ou the subject. The material increase of duty, he had already stilted, • .9 on foreign wool. This was a tax of very eoiroder,- ble amount. All the others were very minute in their rates—and the produce of the whole might to! taken at 600,0001. a year. In such e variety rr articles. some would, of course, produce more, aii.l others less than the estimate; but he saw no to think that the whole would nut fairly amount to the som that he had mentioned ; and, whether some produced more, or others less, was trio mate rial, as the whole was to be thrown into the gei,e rid mass of the consolidated fund. The articles cf minute detail would, when the schedule was print , o, be submitted to the consideration of every Member. The schedule would show every variation of rate — for, in some iustances. the duty was reduced, in oilier., it was increased. He mentioned on a ti.!- mar night that a considerable portion of the in creased revenue of the present year w o uld ini , e from a transfer of the collection of certain custom 9 to the Board of Excise, by whom, in future, t!,i: collection of particular duties would be (iodide-if.— (Heor.)—With respect to chocolate mid cocoa-init.. the ditty on them was, in future, to he the same that on coffee. This alteration was chiefly rti,cltd in consequence of memorials which had been re ceived from the plantations. The remaining am. ' cies were tobacco, coffee, tea, and pepper. Wit:, 'respect to tobacco, the present duties varied zreatly. American tobacco paid a custom duty of 99. per lb., Spanish and Portuguese Sit., and West India tr. To this was superadded a heavy Fdicise duty. It was intended (as we understood the Right line. Gentleman) to raise the duty to 4.. per 111. on Cation tobacco, Cis. 60. per lb. un all foreign te bacco, and Gs. per ib. on all foreign snuff. He pro posed to raise the duty on plantation coffee, which was now 71d. per lb. to Is.; on East India c,.11 . 4. from I Id. per lb. to Is. W.; and on foreign from 4s. 414• to es. 6d. The duty on griper. which was at present Is. bold. per lb. it was Vo pgretd to increase to ts. Gd. The duty no which was 96 per cent, he meant to increase by A. uddition of 4 per cent. He estimeted that the hie Oil toffee would produce 130,0001. the tax oil tea 130.0001. and the tax on pepper about 30,000/. With respect to the transfer of the collection of customs, it would. in the first place, save a vrry considerable expense. which was now iricorred try the existing system of management. The of all the officers employed iu this bril , .11 4.1 c6,- toms would be saved to the public—Wei/1)- 1 'c' sides. it would afford a most essential enurement to merchants, He did not know uoy thing a f which persons in trade complained more Luui y' than the multiplied trouble which they elicoutOrni . iu being obliged to „go to several places. and pt various hours of tile day, iv transact the same description of hirsute- , -- A third advantage, unit a very material one, that the adulteration of those articles aim h "tPe stoat subject to tricks of that kind, would a greeter chance of being prevented, When they wells pieced under the superintendonce of one Lodi, instead of being removed from place to place. these different 'grounds, it appeared most desirable that this transfer should take place. One of toe items from which be expected to derive • coin siderable amettat 1 01 wall an 11.1Criew.rd dilly on malt. He had . stated, oo a former evening, is bia'seneml vamp that be espeole4 kt