The Sun. — London, England, 1807-01-30 00:00:00

aw 5... .-- be Eys- • letierat cattialatiOri: 'hiresult theat!atibtia- Otte , meuts he bad made, was 4 „that.we had to leek to a permanent annual expenditure, ,dering the war, of 41,977;0001. exclusive •el MI foreign dsmaeals a and all variations in the price of stores. Frqin this point we were to start to any future, arrangement ~might be thought advisa4fe th make, It would be necessary, th ere f o r e , to ra i s e 1 2 ,000; 0 0 0 1. annualiy, by loan, to be charged on appurtiontuetlt s of the War Taxes ;detached annually fob' each Loan. Iw"-all'haulties would appear to exist i n the wa y o f this regulation:---first, that by the syst4:loidetach jug pOrtion after portion for the payment of Loans, t heWariaaes Would be exhausted, and thus, at how ever dtisttt nt a period, there would be an end of that great-resource:; For this hehad this remedy,. That such an appart ion ern mould be madeas would allow ten per ce n t. f or intere,t and' Sinking 'Fainclaan each and,whatevet eicesses there should be over the interest to be applied, td. the Sinking ,Fund. Calcu lating at 5 per cent, or, at 60, the present price of Stack ; the amount of 'interest and Sinking Fund ld be , 1,260,0001. • If' the . Stacks should rise, a tt lea4inkang - Fend ; thus appr o priat e d w ou ld re d eem t tsportion of the War Taxes is . less than fourteen - Years ; so that the whole resource of the War Taxes ‘ v ould, it - thus charged and appropriated, be at the end of fourteen years aga in. hi - al-table to the Cuun try. In the first year, 1,200,0001, of theWarrcaxes would be thus apPropriated ; hi the second and third Year, the sonic likewise; in. the ,fourth year, . 1 ,' 4 00,0001; and in th e rema i n i ng ten years , " °OO ,OOOl. eacii. year. Thus the whole - stock ot the vy artaxes would not be, ex h aus ted ita less than four teen years, at which period the parts fu'at appro 'Priakd woad be redeemed, and would hve returned its original vigour, tree and - available. The ar rangementalms preseuted a seriga which was inex 4ustible,' each poraon • colniog successively into l ite and operanon; according as that 'preceding it was ; alienated bra fresh- period o f fourt ee n years.-- „aae ahaiges here-apoken of were by-nu means to af fect the Property Tax, which was to be kept tree and t riburthened, ii, ol'aer uiat there may be no necessity . for Continuing tone d a y aft e r the termination ot t he War. Tire second Oita ion to this apportionment as, the necessi t y o f fi n di ng f u n& to replace wh a t ! : Quid be thus detached from the War Taxes. This ''fficUlty would be easily obviated. Only 290,0001. would be wanted.to make up the deficiency of tibia Year, The whole sum of supplementary loans, 'tor W hich,taxes would be to be raised in the third year, would be thus but 2,600,0001. To find. these taxes would be matter of tittle difficulty, but what left no toorn for the Slightest. appreaf,aision was, that annui ties to the amount of 355,3851. would have fallen in, I n the course of t be three hrst years, while the amount °f interest of Supplementary Loans to • be: provided c would be but a 79,9991. It would . be evident, that it wa s - one .great objeEt with `his Majesty'sNinisters, to avoid increasing the permaneut taxes. 't r ot to no oue of these three years would any additional -tax-, be, laid on, and the- interest of the tocMS- would not only be provided • for, but a consoe::ible surplus would remain. In . the next aeaea years not more than 300;0001. would be requir ed in 40 ) oae year, which woulu be covered by tile pro bable improvement of the War Taxes, and locking to tdie tartntasaperiodto which theaeSupplenieutaryLoans Vitlula be, wanted, that is 20 years, they could not in Addition to the War Taxes„ create in any case an_ et of illions and-according to all reasonable c4l.4"littton they wpAd:nor. go beyond three or four b, 'iaasa—At the en d o f f ourte e n y ears , t h e pro ,a`tula amount of new debts beyond. the Sinkng.Fund fi t e tild be b u t 3,4:5 : 0,00'Cif. supposing a t o con - tintie. fourteen yeara, th ere w ould but A t otal - increase of . ..debt-of 3,459,000 i. kle would a re enter more- pa r ti cu l ar ly i n t o th e • ceesidera aa" of the Sinkin g F un d. Wh en Mr. Pitt had 'l l tablish e d t h a t F un d , h e h a d ant i c i pate d the pais bs.o kt that might reSeTlYrnitiThs being cataied io too e awh , .' , l t a beiaht • and ther e thre it had b een provided, ' • when it -should exceed 4,000,0061 , th e excess ‘ ,L l Utild be applied to the curr e nt public se r vi ce. If o` Lt e Sinking Fand were allowed -to remain- always operating- without restraint,. Mairiber of :capitalists `47(taild be ruined by having theia , moneythriaWn back into their hands without the means Of employing it ; 41 'd what 'n't first seemed a -paradox, - n - aliontil bank tlll4as' ~I ncy would finis be the immediate coria'eta6eiree of . Payment of the Public Debt. Th e tota l - repea l t",‘ •taxes also which woiaid-follow the =discharge of whole debt, -'would be produCtiVe of general 7nkruptcy.among dui - se who had goods • ita store,. as h ieli had paid . ..taxes,' and- which could hot meet a new and tnitaxad impbrtations in the . market Oliout im mense loss.- On theSe principles, Mr. At thought it right - to-limit the Sinking" Fund in -01,6 to four millions - of pounds. But circumstances ‘7 4- so changed in 1802'; and the period at which a 41 111 . itatioh would heehaw! necessary gas sea distant, it a t in the arrangement of the Sinking Fund at that ` t he no. limitation was thought ncessary. That th 4B one objeation to the- arrangeinent -at the time,' o ( . l 6:the benefits of the arrangement overbalanced ao , i ll was answered by stating, th a t P ar li amen t h e - "( 1 provide the remedy when the mischief should ( .7. - t near. But, at the present timea the operation . tit the Sinki ng F un d was so great - an d so certain, a at the time may be well 'calculated when its tilcAint would -be d e t r i me nt a l, if a ppli e d w h o lly . to b ee a discha r g e of the Public Debt, when'; Pyld come a matter of wisdom -to limit it, and to aphly cle:suralas to other : purposes. The year 1817 was P, triad in whi c h h e t h oug ht t h ese c i rcumstances ° ° 1 (1 have a r i sen ; and from- that period the ip- C e 7st of th e S upp l ementary Loans may he thought at defrayed wholly from the Sinking' Fund. The th un toftheSiokingFund at present was 8;56a,0ool. ': amount of the P u bli c D e b t i n Money - va l ue ' was 01tz!000,0001.—the Sinking F un d was_ thus in pro- l hm e ti on of one .f or ty asecon d o f t h e whole. In ten e '' rB t he aOunt of,the d e bt in money va l ue wou ld 38kaunder thecirce mstances h e had already stated , b e i a 3 b7;ooQl. money va l ue. Th e Sinking Fund would por'a2,7Vo,oool. being th us • i ncr e ase d f rom: the'pro the`!on,-cf one forty-second to one seventeenth of 4 ot w hole. Undertheae circumstances it would be Justifiable, but desirable, to limit the Sink hi Lin d, and to pl ace a certain portion - o r it at the up* sea sa i , ae a arnaineni s e a r to' -iv the interest of all th e b e 0 . 0 tPantary Two other pr o vi s i ons wou ld of si o it 'P ke !Oil to satisfy the stockholder as to the amount isl ataaded "e redeem e d i n a certa i n time. It was 10 leave it - possible - that Oho whole debt wei\kiebTr.edeetned in as abort a ti me ' as if loan of 4 .L l huns had been-each year funded. with a , a sthking evalth,totie p6l' c6fit. tie theta take t 1 t 6 portutsity. ,of stating, that the Supplementary Loans would be funded with a Sinking Fund of one per cent.. By the arrangement he-proposed, 420,000,0001, ca 7, pita! would be paid off by the Sinking Kind jut' twenty years. According to the present system only three hundred. and thirty millions could be ,paid off in the same period. The whole debt may be paid otY by the new arrangement in seventeen years, which was five years sooner ;than the time calculated according to the , present plan. Thus his pl3ll gave increased security to the Stock-holder, improved the. Sinkirk Fund, and prevented a mis chievous accumulation of Public Debt, at the same time 'that it provided for the extineticmpf the pre sent debt five years sooner than its ordinary course. It remained to shew, that the Property Tax; could not be committed beyond - - the duraiion of the war. The War Taxes of Customs and Excise produced n0w.p,500,0001. In the first seven years, it: would he necessary to detach only 9,8.00,0601. of War Taxes. It was to be hoped, that with improved re gulations 'for the collection, the present would, amount to,that.. But .if the 'War should continue seven years it would certainly be necessary to shew that there were funds to keep the Property Tax un changed. .If have peace in three years, the operation of the Sinking Fund must rapidly re deem the part pledged. If the war should continue for seven years, and we sho!;ld then have peace, the Sinking Fund would soon - set free - a large-portion. If the war should continue beyond seven year;, it could only be attended. with a continuance of. the charge of appropriation for some time longer- after peace. • Though h e should p ropose a Resolution this night to make good any deficiency that might arise, he did not anticipate any deficiency, and he was continent, either in peace or in war, the. result of the ni4asure would prove adequate ti, his hopes. Here the Noble Lord recapitulated the particulars of this arrangement. It must be a source.of.nniverSll tisfitctiOn, he was sure, that in arriving at the bene ficial results he proposed, the present Means and resources -of the country would not be deranged hilt confirmed. It would be provedlUthe Country and to the Enemy that we possessed powers which,.under this . arrangement; were superior 'not only to any thing that -note: existed upon the face of the earth, but to any thing that ever had existed, . The pro-; posed improvements were . to beetle6ted by, nowtra and tried means', and not. by accidental or uncertain events. The impression that would be made on the Country, and on foreign Nations, of this vast and inexhaustible accumulation of financial means, rest ing. not .on theoretic speculation,. but on _prac tical reasoning, must give the most exulting, proof of. themeaes we possess of carrying on the contest in which ''e are engaged to- any - length Of thef: through which it may ne -necessary for us to toil, till we can obtain secure and -honourable peace. lie should be sorry that this exulting state- of onr means of carrying on the :war, should inspire a wanton de termination to persevere in it, if a peace, consistent with honour and, securty, could be ()Slanted. But if our future efforts for peace ihoUld be frustrated. by the same ambition that hid recently destroyed our exertions for that great objed, it would be a tatisfattion • that we possessed, if not the means - of subduing the danger, -at least the means ofsurvi viug it,.and of prottading - the contest till more faVourallle circumstances should give a certaia-prospeelof secur. ing. the repose of mankind. If the destruCtive peg tileuce,which had spread over Europe, and whose baneful influence threatened .to devour the fair est portion of the globe, continued to rage with una bated hiry , it was some - consolation that we could walk abroad tinhurt, preserving to our posterity, zl nd not our posterity alone, but the posterity of y.other nations, of ivikose rights and -liberties this country was the be*t.bulwark,an-impregnable (hi - tress which Secured them frOm being trampled upon, and from which a-force r.nust-one .lay sally forth which can not fail to accomplish the general deliverance. It would be a proud sensation . to us, and a pleasing one to every friend of freedom over the globe, that _we possessed such ample means to guard and defend a Country which is the safeguard of the world; tei ted those most invaluable interests the rights and libel 66. which we had received frOM our ancestors, and which, they - purchased with their blood; and above all, to maintain, unstained and . uninsulted, that pore character of British . r fAh and British ho nein', which, if possible, giVe the British name a weight even beyond its power. ,It remained now only to propose the Inllowing Resolutions, which he did, not inbanat present- to-ask the House to decide upoti, but merely, to have them printed, and re served for further consideration oil Wednesday se'n night : -‘-‘ That the several Duties of customs granted to his Majesty 7 by: 43 Geo. la. c..• 70, by the 44 Geo. 111.- c. .53', and by the 46th Geo. In. c. 39,' and. also the several Duties of Excise grant- ,- ed - to his Majesty by the 43 Geo. 114. c. 81, and by the 46 Geo. .111. c. 42, - shall- be lit - Hier grant ed.and continued, and shall be- payable in such pro . - portions, and for such further terms. as may be di retited by any Ad or Arts of Parliament hereafter to be passed for defraying the - charge of -any Loan or Loans to be charged theteupon in manner hereinaf ter mentioned, than is to sav— " That on every Loan to be raised on the credit of the said several 'Duties, any of them, and cha b ed thereupon, there shall be Set apart, out of the produce of the said Duties,- and appropriated to the ConsOlidated Fund ofGreat Britain, an Annual Sum equal to Ten Pounds per Centum, on the amount of the suns to be raised by every such Log!, out of which Annual Sum the interest and charges of ma nagement of such Loan in the first instance, be defrayed, and a sum equal to the re'iiclue thereof shall be paid in each year by equal quarterlY pay, ments into the Bank of Eng - Aand, and plai:ed to the account of the ComMissionerS for the Reduction of the National Debt, and shall be br them applied.in the purchase or redemption of such Public Anerni-- ties charged on the Consolidated Fund of Great Bri tain, as they shall 'deem most expedient, until by the operation thereof an amount of Capital Stock of such Annuities, equal to the Capital Stocl , created in consequence of every such Loan, respeaively, shall have beep purchased or redeemed,, and that when ever and' so soots as such amount of . Capital Stock shall have. been so purchased-or redeemed, the aforesaid-annual sum shall be at the disposal of Par ] is m " That the'sei7eial 'D.gties granted to his . Majesty on the Profit v-arising- - 14 - 6 in fippetty, Profeslioosi. ' Trades aikt 'Offices, . Ly. the MU 43d Geo, • `c, 45th'Gen. 111. c.• 16: and 46th GPO. 'We. 65: shall 40. applicable in like Wanner lot defraying the charge of auy such Loan or Loans, so long as the contitme payable by virtue of the and no longer. That the total amount of ally Loan, or Loans to be so raised and charged shall not exceed the sum Of 14,000,0001. in any one year, or of tot 0,006,0001. within 14 wars from this time: " That any tbrther Supplementer Loan or Loans which may necessary for the, service of any year beyond the Loan or Loans so charged as aforesaid, on any of the several duties above-mentidned, be raised on such terms, and subject to such condi- - tions of redemption, as are hereinafter specified—. • videlicit, That an annual sum, equal to one ' per, cent. on the capital stock created:in respe6 of every such Supplementary 'Loan, shall be issued in equal. quarterly paytnents to the - Commissioners for the Reduction of the National Debt ; or that other-pro visions shall be made by Parliament for redeeming: the same within 45 years Prow its creation ; and every such Loan May be charged upon any Duties to be,hereatter granted or appropriated by Parlia meat for such purpose, or op _Temporary ArL nuities which may expire, andbecorne applicable by Parliament, conformably to the provisions of an Act made in the 42d Geo. 111. c. 71. " That its.. consideration of the large amount which, by the effect of the foregoing R solutions, wiil be applicable to the Redemption of the Nation q l Debt, beyond the sums which, in consequence of any law now in force, would .be applicable thereto, it is reasonable and expedient that the provlsions of an Mt, 32d Geo. 111. c. 65, so, far as relates to .the Re demption of - theiseveraf Public Funds, created, or . to be created, subsequent to the year 1804; . and also that the provisions of an Act, 42d G.o. 'IL c; 7 so far as relates to the Redemption of the sever?' Public Funds therein mentioned, should be sc, . . tered and amended as may be necessary-for -giving effect to the principles of the said Acts, in such man lier as may, under circumstances,e present be -__. . ... . . .... rnost beneficial to the pilblic interests.. " That it is - expedient, that when , , , ver the whole of the sums aliplicable to_the reduction of the Na , . . tional Debt, by virtue of any Ad or A&s now in force, shall have accumulated , to - an annual' amount exceeding the amount of the interest payable in cif all such public redeemable Annuities created at any tithe previous to the sth day of. Ja nuary,lBo7, as shall then remain unredeemed., the excess of such annual sums above.such interest shall be at, the disposal of. Parbarnent, and , may be made' applicable 'to 'the charge of any' Loan or Loans there after -tb be 01 . 3e.c1 or to such other public service as ParhamenCtnay dired, but in such manner and toy such etetit only as shall always „leave an. annual sum applicable' to the Re'duetion of the National Debt, sufficient to redeem eVery'part•thcienf, which existed przwions-to the 22d day of June 1802, with in forty-five years, at the utmc. , st, from the said 22d day (),f -June, t 8 0 2 , an d also ; sufficient to, re d eem every part thereof crc,ited 'subsequent to the'said .22d day of June, 180 , 2, within: forty-five years at the uttputt h t:rom the date of its creation. `What whenever „the annual stuns applicable to 'the Redu&ion of the National Debt in respeet of any Loan or Loans to be charged'as aforesaid, in the gO - autieS ; bufure mentioned shall exceed ^ the amount of t 'the interest payable_ in . .respeet of such part of - the Capital Stock created in respe& of any such Loan or Loans which . shall then ientain tire= deemed, the excess of such annual sums above such interest shall be at the disposal .o1:-.P,nlanent time of Peace, but not in tim e Of war, find in such manner and to such extent only, as that an amount equal to the Capital Stock created by' every such Luau respectively shall always be redeemed w i t hi n forty-five years from the date of the creation of such Loan. " That whenever the annual sums applicable to the - rednaion of the National Debt, in respell of any such supplementary Loan or Loans as aforesaid, shall exceed the amount of. the int e rest payable i n respea of such part of the Capital Sitick ereated in respeiA of any such Loan. or Loans as shall then remain unredeemed, the excess Qf such annual turns above such interest .shall be at the• disposal of Parliament ; but iii such Manner and to Snell extent only as that an amount equal to the Capital Stock iespectivelk,, shall always created by every such 149.11., 'be ,redeeihed : within forty-fire years froni the dat e of the creation of such Loan. • • " That fOrthe purpose of ascertaining the due ex ecution of the regulations provided by the above Re:- iolution, separate Accounts shall be kept. by the Commissioners for the Reduiaton of the Na tional Debt, of all, Public the, or Securizi3s pur chased or redeethed by the Sums veined ral them by • i;irtueof any Ad or Ads now in 'force, 7 :or by such Sums as shall be vested in them, in respe& of any Loan or Loans chargqi on the.aforesaid War Duties, or any of them, or-in respa-A of any Supplementary . Loan or Loans to be i - eeed as atbresid ; provided nevertheless ) , that the'-said several Sums may be • pplied indiscriminately i n the purchase.of any such Pa'clic Funds or Securities the 7 said ,Commis sioners may think. exiiedient. That an account shall be taken, and laid beforoH this House, of the net produce of all the Pert anent- MlXes for.three years, ending the sth day of.lanuary, I_Bo7, adding thereto an Esti ma t e o f the future an- . nual produCe of such of the s aid Taxes as have not been in full receipt during that period, with-an ave rage thereof, and it the net produce of those Taxes in the year ending the sth day of Tanuary, 180 a, Lsog, and 1810, 'shall in the average of those three years .exceed such former average, such excess, of any part : thereof, shall he at the disposal of Parliament, and Applicable to the charge of any Loan or. Loans thereafter to be raised, or to such other. public ser vice as Parliament shall dire t, and soon successively in, any future years, if the excess of such Taxes on an average of three years, shall exceed the 'first average by more than the amount of any sums which may then have been charged thereon ; but if on any . such three 'years average there shall appear any de ficiency below such average, together with such ad ditiOnal charge aforesaid, such deficiency shall, be made good by Parliament.' That an Account shall be . annually taken and hid before this House of the net produce of the se veral Ntir Dulles atoresaid,and if upon an .average of three years, from the sth day of January 1807, the annual net produce thereof shall have fallen short of lf ,000,0001. such. deficiency shall he.made goodiby •.• ; ' Parliament, and so oti successively in any subsequent year in'which awr Loan or Loans shall be created and charged thereupon in ntanner aferesaid." • To'a question put by Mr". ROSE, who -remarked, that of course the Noble Lord was aware_ that the Supplementary Loans would at as a kind of Sinking Fund, Lord HENRY. PETTY - replied iu,n. fey*. :words ; observing, that it was desirable to suspend any de , bate upon the Resolutions until they were printed. He wished_ particularly to state, that .. hesideii the Resolutions, there. were set. of Tab.l6 - illustrative of the different forms and tootles in which the Plan he had just detailed would operate, and , of Which, al though it could not, be regularly laid on the table of, the House, he, would take care that every Mem ber should_ be provided with a copy. Conscious as he was', that in the speech that - he had just had the . honour of Making to the . HOuse, many partic u l ars had been omitted; and many things ob , :curely stated, he declared, it would give him pleasure to atibrd• - every possible information to 'the House on thi subjed. • Mr. JOHNSTONE, although he allowed that it would be preferable to postpone the debate until. af i ter the Resolutions should be printed, yet thought one skirt observatiOn necessary ; because if the im pression made by the Speech of the Noble. Lord were allowed to go abroad, the eounry might he induced to entertain an opinion,wiiich could never be realized. The 'Noble Lord had dkplayed - great talents And great eloquence,• and the display of those talents and that eloquence had been clearly evinced by his leading. the House, at such. a Moment as the present, ev hen the Income Tax pressed so hard upon the necessities of the people, and -when every alleviation of the burthens imposed by that tax liad.;been_ to unprr~ee delllC!4y, and so steadily refusc'd, to listen to a detail of the mischief . would . arise 'pa.yrheiit of all their debts and from the : relief troitr'.all their taxes. All the Noble ceedcd on 'Ow suppoilion that expendi ture of the 'country ‘vould is eKceed Grant turn that and lest follo•, , fed. 'What ha,: been the e'onsequenceof a , similar, w e held out atthe be- ; ginniug of } the war, namely, that the war could be carried on without any' increase'of debt, by tile ope- , ration olthe Sink ing•ii'und 'ft. w'is sure :he should" be suspeCted of deroga t i ng from t.,e lmar,o and talents of the -Noble Viscount then ai, the; head Of his Majesty's GoVernmcnt; for Whom he enter- . tained, the higheSt respe& ; but undoubtedly the re sult of those expeaations was,.that in t het - Qum! year ofthe: war our debt h.-id increased near 50,000,0001, on aecotint*of Etigrand, and 17,000,0001. on account of Ireland, being at the average rate' of t 7,000;0001. annually. He feared a similar re.,ult' would follow the, Noble. Lord's calculations. He had omitted to . consider the necessary enhancement that .Must -take place in the price of every article rt-iuired for the service of the Country. He had, made no allowance' fbr that which was hieyitable,- the qituatiou of the Continent, which would call for ess:.ani;ii this Couirtry: 'There was 'titiO:hcr point 'which must immediately cause the total' Tanure ofthe This was the, state •of cbarge.s of a civil narere in Ireland amounted while the whole receipt 'of the Exchequer did nut exceed 3,00,0001. At would; therefore, be Out of the .power of .Ireland:taraise-withio herielf the interest of the tiv4:millions. The Noble Lord had totally omitted to noti ce w h a t must be therestAt when the two Excheqtters of England add Ireland siwuld be united: Theo the Whiale of the interest of the five millions must be .England, as Ire land was unable to do it within herself. Many other points might be 'mentioned, but these were enough to induce the liouse.and the Country not to he too sanguine in their expe:aations of bqing enabled to carry Oa the war for twenty years without incurring any additienal b l uidenS: At was an expec-. tatiou that could never be realized, 'and the disap pointment of the people would render them more prone to.coinplain, of the privatiOns to which they must necessarily be subje&. He could not resist say . , ing . these few words, even under the'disadYnntage o f the impression, that had just been made by the Noble Lord's eloquence. ARY PETTY,. alluding to that part of the Hon. Gentleman's observations which related to Ireland, said, that the Hon. Gentlethan must be aware, that the finances of Ireland rested on a foot ing totally distinft, from those of England that the system, therefOre, with regard to the War Taxes, could not possibly at present extend to that - country. -' Mr. H ILEF: ADDDIGTON defended his. Noble relation (Lord Sidmouth) frimn the attack that had been made upon him. What lie had declared at the • commencement of the war. was, not that the war could be carried on without , any increa.se/of debt, 'lna, specifically, that if the exrmees pf the . war should not exceed twenty-six millions annually, no increcte of debt would become necessary. • Mr. PARNELL, in the absence. of an Hon„:Bart. (Sir John Newport) who had been corr,,pelled, by , indiSposition, to leave the House, declared,:that ow ' ing-to the exertions made in Ireland during the last - year, the revenue of that.Corintry had bejen increased half a million. 4' fizw years since the revenue of Ireland was little MO re a million ; it now amounted to 'nearly four millions. The increasing - trade, and the. abolitibti of injurious restrictions, would probably soon augment this revenue; and soon make the anUual income of Ireland bear. the same proportion to her annual ex`penditure as the annual. income of Great Britain did to her annual expendi ture. • it CORRY regretted that the Hon. Gentleman .ppbsite (Mr. Johnstone) had made statements so unguarded, and which were so likely to afled any coutrad for a Loan for the Seryice of the Country to which . these statements applied. Be. differed, completely in'Opinion from thq,pon,. Gem ir d i.na that subje: bat t it would he improper at present to go into apy. details on the Finances of Ireland. expresSed himsgif highly satisfied with the state ments-made by the Noble Lord, and had no doubt that his satisladion would be' participated by eve man iii the Empire. . •. • . Atter a few words from Mr. JOHNSTO)JE .and Mr. VANSITTART, the House was resumed. The Chair-. Man reported progress; and obtained leave to sit again on Wednesday se'nnight. oRptIR.OF COUNCIL. Lord HOIVICK requested the Learned Gentle man opposite, ai a matter of personal favour to bin), to put off his Motion which stood tor .Tuesday next, respelking the Order of Council which related to the Trade with Neutrals. g tbd all to id eern 'king the in . to t rt ) ors :rot kir% lest► s 'lst, Tina 'ax, log the ice art on.