The British Press; or, Morning Literary Advertiser. — London, England, 1822-05-25 00:00:00

k I r f the present amount of the charge, vithject to initial, and in a short time rapid dinsinutioa adjusting equal and regular payment,pi,to unite for !bay-five years. The Hodisr H reed to this principle, the Lords of the Treas. hod taken measures to communicate with the pub ne opbn the subject. The plan had been throwir open to competing% and fair and full notice had been given that altporties were at liberty to propose for the execution ft: Notwithstanding the at tempts made bf;he Treasury, they hid tint suc ceeded'in disposinfof the . scheme. It was reason able to expect that some one or other of the public corporations would have been willing to contract fur it. • None of those great bodies shewn themselves inclined Waiter into the spectilotion.— There was in fact driArect negotiation had with any parties on theject. It thereforelticoWie his 4J obi y to point oat what was fittest in melt s eels to be done, and to show the advaotages which might be derived from not having to deal with one of those corporation.. The first advantage that euvid arise from keeping these transactions in the hoods of the Treasury Lords, was (first remarking that the risk in any rose must fall on the public), that whatever profit might be derived from the scheme, the public' would now have the benefit. Oo the other hand, if the event should he a loss, there would be no addition to the general burdens, sod in case of parting with it to a corporation. the doses if any, meet devolve on the public. He hoped thee is point of principle there could be no objet. Lion urged to his scheme. He thought that it might be . moat clearly explained by reading the first of the series of Resolutions which be intended to sub- 1. That it is the opinion of this Committee, Thai, for the purpose of apportioning, conformably to the Itemlotions of Mlle Home at the 3d day of this inmost missath of May, the burden occasioned by the Military and Naval Pensions, it le maperlirat that as peel penal beinsity of 3,300,0001., terelisable at the cad of 45 years, sheath!, from the bib day of April, 13113,be mead I. Trustees to be named by Portia . mignms sad that the used Maggie) , shield be charged epos the Ceerselldetell PIMA& the Vatted Kisidess of Great lkitais and irelsed. This Resolution, it would be observed, was the tame as the plan first proposed ; but as the whole al the loos or gain would fall on the public, the' object in view would be effected in the most ecouo.: apical manner, as it depended on no calculation of chances, end thus avoided the necessity of giving any pecuniary inducement to the parties' who no 4ettook the risk. The sum of 2.800,000 E. had keen *Mowed as the amount of the annuities, thougit was lower than that which would have been wiry if the contract hal been entered into with an , contractors. This sum would make the calculation Jest. if the interest of money was taken at 31 per , seot. 4 ,which would give the 9 per cents, at 824 Hie Noble Friend (Lord Loodooderry), when be h ad first opened the plan to the Hoose, had very pro 4 pelly, in the course of his illustrations, taken a sum which would give no clue to the parties intending to contract. But now that the plan was not to be managed by contract. it was immaterial whet sum was taken, except for the purpose of making the produce of the annuities sold meet as nearly as possible the actual charge. Ha had stated that the sum of 2,800,0001. annuities, for furty- fi ti years, was taken on the calculation of 31 per • Cent. for the interest of money, or (43 per cents. at fig: ',eking 3, per cents. at 73, which was equal to 7 4 MiS / Feota interest on money, the amount of • annuity,s wean,' would have been 2,862,0001. At • •41 per cent. the sum necessary would be 2.902.040 L ; • and as 41 per cent. woo the rate of interest on which the $ per cents. had been reduced, that would have been about the retest which tke motley .could probably be obtained from any contractors. • -He bad therefore taken about 100,0001. of ennui ties less than any eootractors could have taken. This was a circumstance which it was material ro 4eor in mind Om they came to speak of the re ...action of tazei(liasr)—for though be assumed this as the amount of moult, solicient, it was ne cessary that they Should bear in mind that it was • 'itie very stual ( ett sum Which could be adequate .to meet the charge. The teinsiosier of this . plea woe very ample. The money to he ad -. enlaced on those proceedings was to be vested in the hands of trustees,. to be nominated by Par :: 'iiaitient. He would recommend the appointment 7of. the greet of f icer, in the several departments con heeled otherwise with the payments in these trans ' •aactiosso. Ho istooded to propose the First Laid of the Treartrey. 'hi Chancellor of the Exchequer, .• the filester-General of the Ordnance, and lastly. ore parties neensarily in frequent contidentiol corn , niunicatizin 147th the Government, the Governor and I.lllSepu tylblevernor of the Bank of England. He 'fhen proCeided 10 describe the mode of raising the / ,mouey, and realising the payments, according to the contents of the ltd revolution in the series, Hon. will be .foultdat the conclusion of the Right Hon. Gentleman's speech. The 3d resolution de ' scribed the preeise mode in which the necessary . payments were to be realized. It was proposed to • 'provide for these payments either by the sale of the • annuities to any practicable amount, or to make good the deficiency by issues of Exchequer billet or by giving the trustees power in particular cagily to effect accommodations by the help of credit with • public bodies sill the sales in anticipation sio*lti be completed. The modes of making good the payments were decisive—the principle was .oimplia mud uniform. He thought he should best explain it by tracing the transactions of the first , year.' •. The long annuity to be granted would commence, ib April. The first dividend would be due in Oc tober. t).i the 40th October the Commissioners would have to make their first payment. They Witold have previously reteived the Indfleet'a dividend.—[The Right Hon. Gentlemen Trout ioo to compute the probable amount of the pay. 'asenis for the rest of the year, sod the resources to be !sired for that purpose between the dividend and :the issue of Exchequer bills for the deficiency]. If " they made ready e.des of the annuities, the process •s' ivUuld be simple enough, as the yearly payments would very rapidly dimi n ish. He emanated that. otter lite years the payments would sink to 4.100,000 f., and in a short tract of tit*. after that, the oteutiates io the hoods of the Commissioners would be enough to meet all the payommes. From ' • fist time there would be a growtwg excess in the ' heads of the Ceintrisesoners which would go to re deem the Exchequer hills, sod repay the advancesr with e,tupound iwterkit maple for the early pay ments. lie thought it quite obvious that the fittest • persous to whom thee, transactions could be referred • . t Oorn Id be time trio dread] , *liking fund 14 the pun. errld be desirable to join this t —the.' r)... T obece use, in but • nuorure far mum, trobile debt for asiother.—(. West to the *Mesita recognition of the necessity of upholdin, stantiolly the sinking fund. thou - in the first place, no withdrawn from the Cr" Fund. The Ave mitlious to remain, unimpaired till time. This debt, on the of its own •extineiion •t the and toold leave uo permanent chirp to the country. Provision was made fee the !meal and milifsry pensions and civil a/tibiae,' as they would 1;11, ju July. There was* oo provision for the return growing charge of the The remistion of taxes could not go, therefore, to the whole amount of the immediate saving, because the future growing charge must be provided for. The whole saving would be 2,200,000/., out of which • portion must be reserved to meet that growing charge. There was great difficulty in say tog what it would be. He proposed to take if at 400,0001. The 'hiking fund was to accumulate till it doubled its mahout, after that net to be allowed to scenic :by composed in t . This would take plarcolighless than eleven years. By that e4lculstion the ishistities would be fully equal to meet the amount of the growing charge on the half-pay and pensions. ,lkle proposed to add the 400.000/. so reserved to 4he omitting fund uutil sit should, actually bai-waisted is meet the glowing charge 'Of iPi 11:114. It win obviebt• that any resoorties not im ly required for the smite/. must go to the redaction of the debt funded of un funded. He thought it best. however, to carry that IMO to the sinking fund, to keep to view the princi -,fittititOrio which they were all agreed of upholding that fused. filiiol,wobld for some tithe to come .asisist of 5,400,0401. yearly. He took the real dif femme between the dead charge as it had stood and was to stand' for the future to be 2.100.0001. The charge of the actual payments on the sth July, 1822, would be five millions ; on the sth July, 11143,4 would be 4,500,0001.; or reikuning strictly,/ 4.900,0001. was likely to be the medium, which should be taken in ohe some naaaaer sir Every sec cording year. He mounded a remisaism of .sweertai the amount of 1,550000/.. tOsierving:4oo.oorat be carried to the slitting fund, till required t growing charge. He apologised for being thus die • fute, but he hod' been duo:sous toptas the whirl subject in perfect and entire view befeve•Parhomeet. .He had moved to have the Ti* Bills refkOred to the Committee, beceirse the repeal of jalea' Olaf it itemmisere contingent upon the poising ,les . asUolait tiros. He hid been particular its etas stag that mode of remission ninth • Intel,' to immeet•the feelings of the country and mffiiis . 4llbittiailthf teJlef.' because • if they did not do mo. soy tapressitiiof cOndatinee or sympathy would be coldly recanted.. As to the taxes most proper to be reamer, shale was hardly any differeset . of opinion . es the ilemewe Mee merit try, as to the set, that theft hiellotirrectestratilit to be repeated .as the sa4. He es plumed .his motives , fer.rmiatimg tbK repeal olf the salt tat in the tialesims. He &coded the effects of pr:Vjtanc . r, arid the eboksion whic would be introduced intn.the trade* tetneeted wit the use of the eaniroidity, without my stiturtaee adequate relief. Ho was *ow peryaved to a remission to 1 • greeter extent thee that of tl Honourable Gent/WWI' eppooto He pro out of 15s. to #settie s 3l. I bushel of the du —(Loud cheers.,)•a• IMaing the 101 e as on silt in Ireland. in this the couturf:,etift enjoy the advantage of equalising the . throughout the empire. Due coitsideration mutt bad not to interrupt or confuse the tredrin the ',titles connected .aight,the use of Ibis cOmniodity. A repeal of 135., *shoat doe pseporiAisui, would utterly ruin the parties engaged. • His.inteation was that the reduction should not *eke piece until sth January neat. By that time the stocks on hand would be exhausted, and iliciugh the public might suffer some inconvenience from the delay of purchasers and the want of proper accommoda tion, any suffering of this kind would he amply compenseted by the subsequent reduction..-.[An opposition Member reminded the Right Honoura. ble Gentleman of the Scotch duty.]—He was just about to have mentioned the Scotch duty.— He proposed to muslin it with the English, by reducing the IL 'to $l. It was not to be denied that there would be many focal inte rests injured for. the time by the repeal ; but the general advantages of a free trade in that ar ticle were so many and so manifest, that a small partial inconvenience could not be balanced against them. And, for the sake of making the trade really free, he would propose to repeal all exemp tions in particular cases, except the drawback of duty on the article when exported to foreigu ports, and this because, in pieces where there was no duty. ' it would be destructive to the British commerce to attain the duty. There would he no regulation uecosiaty for the intercourse with Ireland iii respect to this article. There was no salt deity its Ireland. Ire - proposed that Irish salt should be charged the P duty on importation into England, and British salt to retain ties duty on tinportatiou rata he lmet). The duty to be collected in future at the pit's riseetli, and all internal regulations of the iiclse lion 00ft-emery, the trade would be esitijely frite. ,'Tbinight some articles were eta brely free from duties at present, yet the advan tage to being freed from all the regulations under which the exemption was enjoyed, would amply balance the imposition of a moderate tax. This reasoning applied especially to the fisheries. which would be benefited by paying a light self lax, instead of enjoyiug their present mode of exemp tion and isecompithying restraints. He proposed to retain the additional duties on foreign salt, which widild, remain at 2s. 3d. per bushel, While Butipb.milt.woald be el.. Tine, would go to repeal 1.300.000% out of 1,500,0001. leaving 200,110 b/. of list remaining (hake. These duties would be collected • wider the Excise as be fore..--kiut once Paid, (her would he no further imerferearce with the tear. (Sir John Newport asked . acmes Ilia table, ".What was to be tile re gUlattoss in foreign telt l000rted• lute Irelandll— sUbjekt 'he Woltd intropose any alter. ▪ not baetog fortned'eny tipiuson'ipda it. The 'S • .• e . A t • t, J Oil. l i g sled :. i - a - 4 . . re , Kos " le t t er 'ind s " s kx °km. y a ( I l e a • t Ilrelo , th well-known% generos ity of the people woo d os. which was disedeeniageolm to Enjeleods--• JI it was desirable that some repeal pectilitirry . applicable to the resources of Ireland should..lobs_ 'ice, os an equivalent contemporuoeowsly and oft companying the repeal of the English ealt-tasY Nothing could more conduce to all the objects they! Id desire for the relief of Ireland than the !peat of the window tax. He proposed, to mike it more effective, that it should take place Mne. chately—oe the sth July ensuing.—(Hear ' hear.)— The hearth duty also ; which had been fel t and des scribed shells at a grievance, and ow that accomit had been repealed in England under Vi'illiem•fiK should be repealed with the window tax. 3 . two together be estimated at 250,000 f. ;1,. that they had gone as far ks the women of 1,550,0001. in the remission of taxes. The next article of repeal had also bees loudly complained of in the House. He alluded to the ditty on leather. It was necessary; however, to take great care in the remission or thle.lOs . „ or the pubiic-at large-wad miss the imenehtiCat. He proposed that the additiomfdlityieltiibled in 1512 should be repealed, and the . lith.lelk Wdbetelfalle condition as it had stood down to •thitt' tittle fr the reign of Queen Anne. He thought it advisablii before the actual repeal, to wait, us they hail dale its the ease of the brewers with the melt tea. till they morld get some reasonable immuice thetahe public . Weald certainly derive the Ittordt intended thent ' froin the measure. He said this, because he thougtit that the reduction in the price of leather to the pub lic since the peace had not at all corresponded with the fall in the pried of the materiel tothe trade. s If they were assured thst,the plastic would get elle benefit of the repeal; their could be none nodtledi.l iiirable, because the-poorest individual pjkio ktiliii.; portion of this tax rather more Imply iiiphiti..lll4l .11101111 of property,. The whole .lost-auts.. .1 t ''' .. of which he proposed tp talte . ti, had new' gone 50,000/. beyond •t& Antission taxes which he had at DR assetued. There howevei, another redocteob biliblilarlitiheilitiows t. make.—(Hear, bear.)—lle thopOt tbtl t union was due to the shipping iateritia, froth thee change which was to take plegq . ,l§4h9seigatte laws: that was a very important interest s .94 the would not do better than to *hew, by.eomo repot of duties peculiarly applicable mit, Met they con , Sidered it so. It would reconcile them she dins graciously to the changes which were talid'oreengh ' I its Aate law, and 'prove tb them that ihtel Rib pegstwetch:td their ioleretitiliql t rphstielly Mlle ~ He would repeal the war doff gµ faha .. . w4 tinued since the peace on ships clearing el l ' • ward or outward. This wotildrerhit 150,000k11l al ',Ofere Witold be then 51,000.0001.- tilAtilltdr ''An Omagh this would exceed the essunittd ittidee'llid of 1,806,0601, yet, by the increase or 40',:huekgt• :1 "daillsonabl, to be expeeted by the sopeeinit ee Amy 'll l 2tortion of Meath Ms, Me troseed.tlest the VII ' '' mad not aftogerheltlf the difference of 9.001004 Itftetielbe ap;tual and the intended resit : 'ISO hoped. that, he bad Made his etstegimet .0 stain.- It might bore beets dkairsinig, Aa, 4 I r i flit 'fitted the plan by contrott. .Bostagb*.durviestil the benefit to be expeefee la illirft heathers ..meat would berilly have cdAirtiaeto a inik. cause it could not be effecied in thg, ' ble way. He thought Met the plea. e Hs no Other objection then that whioklllest betiu Mentioned. WithoOt mote retnerkem Ildti•h•011w have to submit the following resolittibilitta , 1 cheers continued long from all sides ofilii„ bore 1. That it is the enjoins of this essounitt . at, t • porpoise efopportissoing , elostornisbly to the eitilotsobi this Horse of she 3d day of tits instant %an et kitay,:t burden oeeasioped by the Military and Naval Peitsioni, t is expedient that so yield f Aateraty of 2,800, tirminable it the tad of 45 years, ishoestll4:•ftook Ilse 3lh d y' of April, MRS, be rested in Truateald taF .Sawed by Pesls 4. ii mut; and that the old Aoauisyst i l: he chariest •putts I Consiilidated Fred of die Uotted • 114 m of Gieat Brit • and Ireland. C That It I'll! il.tilloa of thifiltimotlisoo, That the' addliC said Trusties shoe: ~y lite Ike Ettehequer the several as: null sums herd:MAW usestiowed, by (bur equal quarterly instalment., on or Wort the 15th hinishry, the 15th April,' the 15th July, mid the 60th Octnber ; the first payearut thereof to be made on the 20th October, 1822: . Ist Year, endisg IS July 1823 Id .4,7041,000 . 3d 4th oth OW 2th Bth ...... ..... .4.14:. MS •...w.• 3,860,000 11114.1 • ' MI La . 3,721,000 1018 • .i, . ... • . • • • • • NMI •••.•••• 3,590,000 lida • .b• 11th •••••f• •b••i••••••• • • 1834 .••• 3,310.000 13th ...as - 1835 • •••••• . . 3 , 1.80 . 0°0 141 b „„.„ 15tb 16th •••••••• 1838 0.••••••• 2,790,000 17th g.••••.; 863$ •• ••• OA • 1,480,800 18th 19th ..• 1841 20th 21st •••••• ' ...••• 7843 Ild - • 3844 .. 2,060,009 SU .4. 4 4 1341 101 • •••••• 1141 . Iblb ......toid.... .4.1.. , 1847 . ..... Sea •• • I • • •11 , 1•••••4 • • 1 4 .1. 184$ ..... .4 WA •••••••••e•• •••••• ye. 1149 .• • • Del" 1,130,000 16Th • 1111. • • . • •.• • 4.00. • 4 , •••• • • 1851 • • •• • $Ol ..... .•• 1851 b • ••• •• • • 1 . 230 , 000 INA ....I. 4.. 1863 ..... .•• 1,170,000 SU •••••uu 1154 ~ . 1,080,000 .3311 ' ' ••••.•••• 1815 .1 4 . 11 • • ...... ....... ow • • 1858 •••••••• 920,000 35th ••. 1837 ..• BCO,OOO 3811 s •)••••• ....... NI. •• 11038 . I ' 760,000 37th PIS • • •• •• • • .1,, do .. • • • • • 1850 • • .. ..... 680,000 39th lBBl .... BOO,OOO 40th , 1862 41.1 448 437 44th 4 Nth.. A • 'oii a e'Ve, i 1887 Iced that rbehdfireeimeeregius, or arch part thereof as may be leeesesey, ghtleild be appropriated and applied tout - urns. ably In the said &isolations. 3. That it is the opinion of this Committee, That for the purpose iteitabllse the said Trainees to snake the several payments bereinbefore anrotioned at the F.xeliciier, at the lr aeeFal periods lforessid, they should be empowered, from Wait. time, to isll awl dig*, of so mouth of the said that wpm, : b 1011011106 1 ; iuldillfank. or iMmltot, ffi suclents r thfifat spins i i 'the pamcni beemede end' polo4lF tlet pcieluipal ills mhiltit mar base been its. is Committee s That for the ltsiilliffrarliribtlegtlistleld rosters the more MMlfify to tenvide the memos peening for making the said payments, in the most convenient and economical manner, the Com- -a ?-I et bla-lliajesty's Treasury should Is empowered to hose, to the "WI Tniatees, Exchequer bills to an amount !sot exionding the sums necessary for compkting from tins. to time the said payment.; which Exchequer bills, togetbir With the int thereupon, should from time to Shoe be discharged and satiated by the slid Trustees out of nay two. ' ales to arise by the sale of the said Annuities, or out of the 1 dividends thereof; and that, until such paympeut, the iuterest ! accruing on such Exchequer bills may be paid lout of soy supplies toted by Psrliament. Mr. CALCRAFT congratulated the House on what had • passed, looking upon it as en indicationthat the principle was establiskod.that there was no ac. tual.remeily for the dietresees of the country but in ttiefepeal of taxes. He acknowledged that helaid misunderstood the opposition of the Right Hon. Gentleman to the repeal of the salt . tax early in the Sentdu. He had understood tfic Right Heo. Gen tleman to say that repealing taxa would - but ag. gavot* She distress. He might have been mistaken moo the meaning, of the Right Hort. Gentlentin. terabit had passed this evening encourage gen. tiallittitto• penovere ) in opposition to Munster*, Is Illyßftr,c,jblrects of retrenchment. made by thew nemitite s; 84d they must get it. He felt highly gratillitiej"betnose in front of she remissions pipet e 4 telt . on therOpeal of which he had filed bit roMexiiiciatioiii p end tlie Right Hon. Gen tleman ha 'gone Norther thin he would have dot,B under flier present circumstances of the country. Hehed•only proposed to-remit 500,000/..eseh See -Abel ;1111- the whale welt 'reduced. The Right `Hain. Gentleman had gone more bratelrto work. litidedtAle tar 1311. out of 153.—a measure winch .111tUrei,Ifittk Csiciaisted In give satisfaction to the' 4seseap a • He had wished for the total extinction of tll4dlrletiktr the sake of abolishing the expense of the leittlistety. Under all the circuinstauces, perhaps .. the wisest course had been taken to relieve the pees. sure ' yeti,' taxes.aud he should have been sorry - hal: 14,setescsa of lus. motion on the salt lax pfss threutikk pp interu.ve aodisrefsil st remission of tote* -et hodtbeeitspeoposed hay tbtr Right Hno.,Geet. It titkeh *id Oast I rebind ;deserved • coupes 4itinn for the loss she would sustain by bring dtiploltd th?bdvh the repeal of :the salt tan of , her Ifilisinfigit l e-ii:! .. ttOrtsitetition - rich Erg/feud., Hie believed tilmbitboopeople at thia aptibgty, Mete , tad generostel to lasi any jeelonsy,cpen, gad. 4twee ' .end vellt.lfiet karetveltishatever was no @dolmas 1 4 Ine , cointcrthitit 'easel.' oe intee WINN : t °las e 1 1 10.!04 r 4 pot-. iblidionisly re milie /4'olllBd °Sallie' adaloagnir .4e , enjoyed,, in a ...ototippcily of 1 SW tilleiglose remake. It might It /Wag" hie -rfileotho isheviet wool& 4'e abio...tatabesol fe of the new chides ; but :bellbt.' hewed. 7416,10 4 , i fdoita thetiper for theth to I pay tat. amell,dity ' then to key their exemp lum audit !then- nventOt opprsswve. end, perilous nestrightd • %le ilhomithl the: decrease of dot, on *O l l4 Iliodft atikledir Weems, on foreign salt neceisa i rY: dit•Vtr.ihit iproject of the Right Ho. 'mumble! (igisieeeo, Alt confemsk rho! hie hardly whilerstond the details I of it. Tll ll . , lefetains Ilea. -Ann 'tato Noble n illateleis fieate , r4enosioned i 4 1 * thrfe - ntrii one ni 'At Atonal • wbi ' 11404;feketipiktii•d Net' Mitietrs i Arte l 4 aleetNal 1 1.14 1 1 e. *get 111, the 0011 ,41 ) s r ..,_ ,-, *re now going ,tes,a thew cameo I.ll4o4B4lfelitt• hi* aftrodlloerbell¢ter to salunsit 141140 schthat iPtlitiftiittterftz ri lepktiofteied*eowiit odosof di bloirse—to ipp it r l , hr sittilitr food. .I . ltri e Daly swotted t 4,9 1 jolt of a word-. 44 • b.. Ai tatelho alibiing fax in. the consolidated fund, • chid the resolueionutould be perfect. The course would then lid littfit foritrised,"plain, mid tiatelli. gible,„ ' HoW.iititiltr,ihil fteght . 'Honourable Gentle man expect to git -into the pocket „tit drid fur the mealy *Nob be emoted, coed yet. kick tbot tit ahould tun divert the capital sinicls weold go-to the funds ? the Moaners were.spiduatingly fund of the sink jog 'lli'A—so enadmihrild of its power, which they bad vaunted to the country, that no experience or etesstietiost of their own delusion wotild make them feign it. He could net help thinking that in the eotaise of * few years the night Hon. Gentleman himself would at length cptpeto the sinking fund. .As far as the rechactiort 9f the salt leg went, he was syndy to express -himself doofriesigrAed. that he irould not press for any further reduction in the posect year. .... Tbit bh., 4., .rio...,i;iiiii said, after the vevy-rattsfactory manner in arbich the propnsittou ' brillii Right Hoer. Friend lied beets received by the House. and the givttfied tone . in which the Honourable Member fer Wareham had remarked upust it. lie should Feel 'himself perfectly iuex. visitable if he interrupted the harmony of the moment. But he cottld hot 'errant float sayieg a few words, bent; t he thought diet the Ho. 11011,11WO Member bed . init. slouvjestice to the pro. :poeitionof his .Right Hos. Friend. As dirt•Hon.' Member had called the attention of the House to 'the present proposition, as one of the advantages, arising out of opposition to Ministers, he (Lord Londonderry) on the other hand, would beg the House to call to mind the advantages of support. (Stag Ministers in every ineasuse which *raided to the nsailitemmee .1 public credit—(Hear, hear)—fn out of .liter support the present boon to the country aruse.—(Cheers from the Ministerial benches.) — Latin Host. Member had addressed himself iii a tore of congsatnletion to Isis Right Honourable .'Fiiend, as if he were now coming forward for the first time with the discovery that relief might be . derivedtii the country from the remission of taxes. Bat hoLord Loutteuderry) apprehended the Ho. neorAle Member to have lain under a mistake in eoppeettet that the Government Web not perfectly reu-rttle :that any extensive remission of tesetio• atistield to the relief of the public generally. foe too opinion that he hod cite 'hernia from any pint of toe eirentat Government, wrist to the denial of so Orin a Feet • but he could hot give way to the tle-. -I *oleo • &Mat might grow ont of the Hem. Mein beets *peewit, by, for • memeot, as the hope that any immt.diate relief could be produced 'by the prevent or any other possible redaction of taxes to that portion of the public that was more particularly intrusted its the great question which I lt:d lately been de mach ender discussion. With N n : i pit 17rtioe propaition of the Honourable Maim bet lie; to the sinking fund, he hoped it would ,n 4 eV 'tog the harmony which seemed sow to• climax—(Laughter)—if he ventured t.s re as - the part of his Right Hon. Friend, to sc. cede to it. He apprehended nothing could stand kiet V I sacce..distioct from the sinking fund than the pre. sent measure. Ile did not apprehend thititires any part of the principle of the sinking fend, that um operation should take place in the market, which, by acting upon the prices of s lee t, might at sit affect the sinking find ; ow the contrary, they all knew that during the war we were constantly under the necemity of rai.iiii; loons in the marker, •whiois by disturbing the only. wary operations of the market, tended 111 a cor "pending degree to affect the sinking fund. Th e fund to which the preemie operation related use ohoi!• distiact from the sinking food of 5,0511.0001., sitlueo ,t was the game he surionnt.---(Henr, hear, from the Opporr. lion.)—lf they married theme fends—(Langliter)—it 'resat by found that they had in that view of the ease a /Mine fond of 10,000,0001. ; namely, Ilse 5,000,0001. of sorples of the revenise, which was left to operate at compound lowest nod it should form a real sinking fond of one per emu. o• the whole amount of she debt, aim the 5,000,0001. provided for tide amount of the dead charge, which carried with it it • sea sioking feud, in the principle of its tangiest diming. lion. He was quite ready to admit that • mosey ofor.o log MOM lake place in the market ; but that would not at std Interfere wish the sinking fund. For at that rate the Sprigurde sod other nations wigs came into the market foe the mope. or urg•Matine loans, would - equally disturb the tope/slim .t the Milking fond. The erre* upon that food was la every respect the same, whether the operation in the epee market were made by iadividoals, in order to enable them to hail • mairart of this nature with 'die Government, or whether the public, through the osmium of trustees, wade lbe bee gain fur themselves. He wool.' not thee trespass any further wpon the allegation of the Committee ' fur be f e l t t h at be should only distolb the Ammon, of the evening by psrsa s s e the Hun. Member thwiagb the rensaisder of Ins obsematitim. Sir J. NEWPORT rule to entreat ow his oio behalf, and that of the part or the comity 'with which be was pe culiarly connected, his sincere satisfaction at the swopped to repeal the window tax mid hearth sax, which were there mod. particularly felt, and the benefit of their removal would go bonne st e erery door. With respect to the p ar ti te . taro gorillas of I anovity, he should hive preferred ass being taken M ogee (a the sinking fund; bat he was net disposed t• quarrel with BO arrangement which mired,, extensive a hermit to the country. Sir R. SHAW returned his sincere thanks to the Ruble Lord and tbe Right Hon. Geotleman, for the mauler in - which the Interests of Ireland had beets committed in this sr- L umpiness., front which be amicipated the ramst hewing fo that cavalry. Re alto had to thank them for the kW. wess sheen to himself petsunally,em every °cawing ea Midi had,bed to. e•111111/1110iClile with them. There was, i, 'wager , one point on wide% bt wished to be ttearly )s armed, which was, d the period mentioned fee the rapi . ration of the taxes Is Inland was July, what regulati o n "sold be adopted witlieelgard to those who Wild lime paid ti ft, • *Mr taxes *.i.tke sebaleyear ? The CHANCELLOR of the EXCHEQUER said, that 'any papules( skit' might have beat swede fur my period beyond the sth July next, wield be retemed. General GASCOVNE expressed his gemitode to the Ge weentisett• fur the villa of the remissitra of tares that was differed, for the mode la which it war made, and the engoner in which the beach would be wally distributed maim alt classes of the CONNII/11iiiy. . • Mr+ HUM& acrid he was/one that theme's Mb tree load House that coold.he more pleased •i lb a tens aloe °films to the 11111111401 of 2,00041001. than himself, but be cook, nut help feeloog really surprised at she tone is which may Gentleman had retwened thsuka to his Majesty's Ministers week htheadmewaltiledes. upbe That *missies of taxes was a deity to the country, whicwhichw the k titer sleek ielsi the Hesse ere Nsinferieb ere ; d on the occasion, as if it were a pe r s o nal lb e s s or dew is aa l d he th em erefore ." with *wet disposition to prostate obit ber m es, of tie ewes ine--(Lesighter)—he was end& to cassette, soy of that narmth of gratitude which *hero bee *premed. lie was hhppy . re isepiesee • IS the beanies* effect. of the propooeGl redaction of the loose r , d u ty t o th e altip pi* **rest, whic► be thooPt ***Mg of at least a, muds *newton us soy ether totereet of the restos", nee It/efewitinte *self. Wide regard* limiest, every *divided latal - flol the besseit which *sold he devised to that cositev from she taxes that were there •to beredueed. But be *old out tooter is the plus of vedtadiee of a properties scaly of the salt tax. If the whole of the lax were reduced. weshosid ;thie " r re ki i °f eire the shee Pea t ef a. o . lllCe illaek np .i.r eMp ri l e e n y l e P° 4 1 Irt i he l. i t t L el :C l.4 l4Da ti : . f the salt dodge at an expense of 26.60 W. is Iliodemi e led of 11,0001. ie &diced. K esly balf the Freer* establielh. Mel of abet* employed is the colt-oleo was le be bed up, we should be at the ears* aso,opet. (*list *!lassos of deities 14 the anseent of 500,00 W. It *mold tlharefeve base been much better to have redocesl • whole tax, by which the expense of its collectios would be takes sway. If that rt. pense were to be cootiosed, be was certain that the reduction would wet brio' that heats* bi Ow efts. try which it was retitled to look fur from it. With respect to lie plan or the Chancellor of she Eache. quer, he was surprised at the propositivo of the Right Ho noorable Gentleman to reader enure coeoplea • system that nos toe complex already. WI, would he sot ream at ewe to the hulking food ? He (Mr. H.) was erre that, whatever midst be said with* dm walls of this House, there ill" ieditid4lll out of those wells who would say ;het it was net ishreferiog with the principle of the Motto; fend *cos ploy use set of isdividwal• to raise money, by which the debt woeld be Mt:noised, white dawn were sosployed la re duce the debt. The Right Hon. Gentle-mar been to be particukely lesacicess of the resolution of the Hos with respect is/ the (establishment of a sicking fond of 5„100/. But they had broke. the resoletiou with regard to *set Dotes, and if they fused opus further considers** that it was accessary or *detests!, to ehmage those opinion is like menace is regard to she sinking ( t ool, eh, shook, they as alter their *whiting ? The Noble Lord had said that these were two distinct foods of 5,0011,0000. and talked of making • Woking feed of 10,000,000/. by 'heroine them. Bat he shield like to hear where the Diiuli'e Loot found his second *skin food of 60500,000/. If tier Right Hemostat:de Gentleman really delighted in the roes pl. si t y ..flits *asocial operatious, let him employ the ism, Commissiosers is dna instants as were employed i• she manage-meet aide sink ing food. Let him take the ants Ise wanted from the Co.. tnisaiumers of the Sitikiog Feed for site 11.4'11Witos yea*, and let those Commiestoores receive in the•eseateeeth yes. and every year afterwards, she steeples of the Goes e•..... 1 user the actual amoral of the torrent charge foe We 1314.1 and petiole*. Thst would be • transactsoo every way tetell.- gable ; it would be Isliblolf ise ; of the 'sepias I. the h a " of those C.ossuoluionees for stir present relief sef the mow try. He could not help obstrevins aim the teroollWeeNel of the Chancellor of the Exchequer, ill leads( that light stated, list it would be metre advantage** to the couatry to borrow By the sum that milt be weatec, the. to borrow doe w h ole 11111115 Cl ones t white oa the former *cation Be had stated, shat thew este alas, advantages to be pined from .effecting sib Mirk coo• tract ift ,ace. He should hope that the Honourable' Meatier for Loudon (Me. T. Viihmse). who bed sooported she foram proposition of the Right Honourable G.-iestemes, too the pound of those supposed advantage'', *cold ant *so br (toned bearing hint oat ie hie cositeedtesiou of whet tAte hied before alvanced. With a view of seeing is. fat the Con' - motet was disposed to go with him ist esedeetrooriug to user the execute of a double act of •Commissiesere, which be was sure no man could say was t h e moat reOIIIIIBIICSII 4IIIOt cutsdeetieg this scheme, be moved as se assesolmeot, h. leave oat all the words after 'leaf' in sheik* soeuletiG.a teethe purpose of inserting these *Ol , lll, tic *The belloce between the cos of t,800,0001. and tie owe& shoo set teeth in the eeesseed 'scale (ii. the secood ereelatisi • few the int 15 years, he takes by 114 Closocellur o t It.. Exc he q u er fro* the CA , lll2lli•giuiler• fur the redemption ~/ lk . Ushuaia debt, and that the balances *totems the P . ! moo eva/ the several sea *t hole iu Ws said o?' • had th Paled of nett public t 1-t-41 - hat.)4.l peal natio phut_ Agiatidleuta. ' thoa le, in poiaaillprsck;Wthii lreli trimming oneads of be -(Near, besr.)—ak • the ninon of the Parliament hive hug distinctly and sub. taa nd. He would observe' Still sum whatever was to be opts novaionere of the Sinking plat left in their hands were com the end of a particular Not other hand, provided for coul end of forty-five years, I rept . • ss , • t.' ssry for thi • . abtoda,iy shim is , • 11l ' •Wirrfuld he si • 4 r whole of 7 . ' . 1 3. • • harge . a • filarial o ay Esc • tier bill 11•1101 ow account of such payment . -L. ill4l-4...iL1k e11g1029 of Ihi , _ _.—