The Sun. — London, England, 1807-02-17 00:00:00

- I, , ;',ltion to propose any alterations in the la.; with respe:`:t to the scale of contribu ..... t txeMptionS. _ . VV.: u trils presented a Petition From nets, Merchants. &c, of London, against r:)r the Abolition of the SL ve Trade.--7-Or der,d on the table until the set:oud reading. A Message frOth the Lords announced, that their Lot\i‘lint . ips had passed, a-Bill -to relicve Lord De-I)titr. stanytht. certain disabilities which he hail mint -tentiOnhdy incurred : to which Bill they deiired the ceric , irr,n(l- , of the Hctse. On the Mo!ion of Mr. Ginny s the Bill wars rya 'a first and seconck hue; and ordered to a Cotnmittee, wh:ch as.instruaed to meet and - sit forthwith. A. VANSITTAier presented an .Account of tbti Net troduce.of the_ Duty' on Prpperty 'for the tWo laSt yr_ars,—Ordered to her:printed. Mr. AfANNtN.t; glie.nOtice, thnt, he should to morrow mot e' for :in Address - to, His Majesty, for *Copies of the Citurnissioriktianted; for .the Grant bf certain Lands in the - West India Islands, in 1765: Tt)NNA6E Es.•• - Sir CrtAatrh Pnic pMsented a Petition from 'the Ship-Owners of London, _praying t o be heard b y Counsel against the prolongaion of the rontiage Duties, ;& - c. beyond the Wilt, Lord' TEMPI. k; inquired Whether this iletition pro yeeded from the . whole body of the Ship-Owners, or merely from a part of them ? Sir CHARL E S PRICE could not say.;thafer;ery iticii Ship-OW,Aner hadsigned it; but it was signed. by a respodable portion of them, and by such too . as, be could assure are:Noble Lord, would nOt come't6 that How e Under anY improper coloni . . If the Noble LOtd 'would read the names, he wool& find among them Many of the nioA respeaable com mercial charaaer3 in. the kingdom. . The Petition was then brought up and r6&l.'lt , stated in substance, • "' That the Petitioneis entertained the tbost Seri_ ous apprehensi - ons that it was the intention of Parlia ment to contintle.the Tonnage'Duties, ,the E4Ot z t Ditties, thiPuties'oti `roods carries Coastwise, &cc. after the expiration of the War, pniWithStandingthe solemn assurances to the contrary that had been given to the Petitioners when those Duties were originally imposed. That tl;oseDuties were at any time injurious; hut tcOtild be peculiarly so. an the return of Peace. That the Shipping Interest of the -CoUntry was in the most lamentable state of &fres. aion, .owing chiefly to the relaxation .of' the Navy .Aet, and.to the indulgence granted to Neutral Com .meree. That the Petitioners were ready. to prove all the allegations contained in Alieir Petition, add .that they huMbly prayed to be heard by Counsel fOr :that purpose." . • • The. Petition was ordered tO lie on the table. . Lord. filtNitir Perri , gave notice, that to.niorroW lie would more for a Committee. to consider of the best measures for the encouragement of the 'Welt ...India Trade. . _FINANCE. Lord C4S7TERE2GPI rose fat' the piiipme of .postponing the further considerati o n of his,Firtancial liesolutions...He was aware that neither the Resolu tions of the Nettle Lord opposite, nor his own, could . be considered. • without a muit.titl discussion, as the one set was direCtly opposed to the other. He there- • fore wished that that course shoultrbe taken which might be, most convenient to the - public - servite. .movingthk. postponement, however, he was , desirous • of ex piaini ng. one or two points in 'his forinet Mat. meat, which narrow the ground of difference, and to relieve the Noble Lord from the necessity of eeplying to more than what he called upon hint ti.) Olie. particular point of explanation which lie wished to press was, that he by n.o means Meant to okr,,hit Plan as the financial course which ought tobe-par sued.in future, but merely as a mocha - cation of the :Lord's principle. . It went to reduce of,the,'Noble Lours system, though nut , perhaps to that extent to which they might ee,ditniniShed lot & allowed • that there were several inaccui+acii in his statement, io:wever, did not Wed' the principle of his objeaien to the..Noblb•- Lcird , s system. For instance, he had stated ; : . that' in t 1 gtll year of the periodlt would .be necessaryte-add to the Loans of the year 4,900,0001. and he - had charged immediate interest on . that sutn. but had omitted to take notice of the .accumulated .Suin that must beraised in , the .precediug year,and charged on the Consolidated Fund. (Lord Castlereagh-here en tered 'into several correaions of statements, in which. it .was in:lnns-able for us to .follow 1 - {Li repeated, that these explanations did,not arrea t h e p r i nc iple ,of his objeeilicins. • The Only two grounds on which he proposed 'to 'modify the Noble Lard's Plan, were, first, to :keep the War Taxes completely, out of mortgage (for, if his Sug gestion did not do .thg, woaf do nothing) ; an d , secondly, to limit. the amount of the Loan to raised within the year. ..According to the Noble Lord's system, the Loan i.vol . .!d.he gradually increased from 1.2 to 32 millions .. \o/,;at .117! wanted yia - S, to relieve the - money market from the task of raising such iea pital within the year, He (Lord Castlereagh) al lowed, that if during the whole of the 21) years we were to be at war; his ~plan Would require some,ad dirioh to the reisnanent taxes . 1_1)4 if peace were ro - raye - ipace - auttie end or nine years; then hts•plab would demand: tie further taxes than those proposed by the Noble. Lord. - But in the extreme supposi-- tion that. war would be carried on Tor twentSr. years, new taxes, to the attidtint of three Millions, for six years (between the seventh and fourteenth I year. of that period), would be Stillidient; The atneunt of debt then incurred would not be so much as by the Noble Lord's SUpplerrientary LOans:; . there would be do pledging of twenty-kmelnillions of :War but, the imposition of nekly' ttree:rhillions of new. taxes. Supposing, hoWever, that peace should take place at any time between the ninth and the twentieth year of the p.eriod, tbdse three millions of additional taxes would. be proportionably dina . inished. .He deprecated the raising of the Ways andAleans by the system of,double loans; first borrowing the in terest of the cietot, and. then borrowing the interest of that interest. If this system must be tried,• let the trial at leaSt .be short; let it end at the expira tion of nine years, instead of twenty. This was the objet{ of his,thodification,that the Noble Lord Blight be enabled to re-consider his system at the end 0; the shorter period, When lie. would be less euCum -1,,,-tel with einbarrassments. Nothing could be fur t,,,r from his intention, nor from that of the Gen t; •;i:•- i who thought with_ hint . on this. 5t.tbj. : ..;74, than ;:• any'UtincceSsary 'and vexatious delay in the * Noble Lord's financial arrangements; but it mustte recolle6ted that the _Noble Lord had many months "to mature 1 - 4 plan, Aile It; ( Lord tiltlereagh yliad beeli - driven to the nc4sity Of enteriat into-the most .compilcated details-. With the nintost - exertiAtrailigenCe, fib had fotirial'i possible to obtain full information on the ,Wulf* t,. ortelrinne his tables . .so explicitly as to rive a fait eetswarison .of Therm With those -of the -D , ;-3b le With this want of knowledg§, antrlinti*.ext , raer , dinary situation of embirrasstnent,'Parliiment were nailed hpon'Th dcch e n; a tinanzial system, not Cali single year; bat f)1 2p years fisroApnlei! e ad mitted that any Itesolution . of that House might sub , sequently be rescittded ; but Was it*emly that, like children, they should adopt, a, 9rstem as applicable to a period of 2u Sears, which, in three or four, they ~rtoillcl find so inipraterficalarels Vi'dci . m.Vel - ttleeki to have Colirae to theii= 'kit - en - e ityttetreih, 'an4 to revise that which they had agreed to hasttly-,anti4n -errs He thertfo're did rhtic.i . *isle -that I N. - orb Lord would adopt some line of conduct whicb; While 'it Netittld nOt , einbarittSi pitiblie seNice, tv'oUld hie Parliament teeny and fairly to (let-Wel:Yu the most complicated and ost - imPortant -144 At - perhaps ettir W`5S subinitted ,tb the : yutligiftent a Legislative ASsetfibly. There skit- two 'Oases by Which the Nroble Lord reightefreet-this:Objea : 'the one kwh4eli was highly preferablit'of the tivre) - was, for the Noble to take any'penniats- prOvisidn from the HOLYSt-yi,hichmight en gile ins Majesty's -Gdvertifkaent to tarry 611 the Jtiblic: service Parliament bid - full time to, ihvistigate the subjea, and to etArnim the•et^enhtents necessary to elucidate it. The other '(whieli he only Considered as a der flier , resot) Nvas, that the Noble Lord Thould execute his,plan for a single year only, an interval Which would.enahle Parliament duly t-o estimate its Merit. He pressed thest fl marks repeatedly on the coasi dbratim , of,the House ' rlealaring, that there Was nothing'SituatiOn or thk Countty which cou-t --yelled !rlit;*jesty's Ministers to liaVe recourse to kith Octraohlinary 'measures ; and that Unless the NOble Lord so far - dtheived himself as to thillk this a question of sUbrniSsiOn and confidence, instead ef. deliberatieti and jtidgetient, he must accede to his tvconatiAticlation'efitelA?. LOrdcastltfteiglitoriciad td by thOvini The further adjournment of the debate caf Thu slay aq to this day (Monday) tenttight Lori It. .1 3 'ET1r could hai,'e no ohjeaion to the Noble Lord's eking aiiy day he thought prOper fer the ferther dik4s4iog of his Resolutions. With re gard to the i7opriety of proceeding to-day with the Resolutions he had the hohOtir of subMitting to the House, he thought he could with confidence appeal to the House, whether his Majesty's Government hadever appeared to consider this question as one of submission and . confidence, instead' Of inquiry an 4 deliberation. . The Resotutions 'were read near three weeks ago; the .consideration of them had then been postponed a fortnight ; that fortnight eipired on Wednesday last, when a further delay took place to the preSent day. All he asked was, that the ite solutiOns should p:ss the Conmiittee, with the view to ail'ord, until Wednesday, next, further time to seonsiiler them if it it/ere at all necessary. When the NCO: Lord's mot* . was disposed cif, he should Certainly, thierefore;iprOpose,that the House should 'go ittro a :aomMittee vn th - e Resolutions.. Lord .Castlereitgit's !!',lcition was then,agreed to. The Or : ter of:tite -Day hiving Lei read for going into aComMitfee on the Pinancett Of the dountry Lord H. rutrY moved, the Speaker - do now leave the Cliftit. LO.VO put it to the Tionse s (feting the short tine elapsed siUce the Aleinber . owe possessed of the Noble 1,043 hl4, it . Wtis possible, even wiilt "61 with the . sthjeet, to investiglite the :.tecu racy its ittipOrtanCe demanded. His certainly thought Would hate beeti more t 9 poitpone theconsideration of the Resolutiorii for 'a days . ) , but Si!iee the Holise were called upon to dkijii:rti - o . fkloble.' Lord's Man— Lord 11. PETTY 'SU . 4 O ' w 'sugg ested, that it onlcl be a more proper time for the Hon.' Gentleman to state.„his ob. jealous when the House should be in a Coniniittee.. Mr. LONG replied, that his objeaionsisy to the System altogether; and therefore he must oppose the Speaker's leaving the Chair.. When he said this he did not mean to imply, that.bg condemned tlieNo ble - tord's sytem to a certain extent—What he de- .precated was its operation for such a period as 2 years. It might t ajnost fatal.error mewl-61mo a system for any length of time which had heeti.ap:= i)lic,q);e to recent, and which was applicahl , to e !stlng*Quinstances. To .a certain extent he had no oujeaton to the Noble Lord's burrowing front the ►% ar Taxes, but not to the extent 'proposed, —l4e might have &tie so for five,yeats, bor= rowing and defraying the interest out of the War TaxeS. The Noble Lord's Piau abounded with fal- lacious estimates; for instance, the.duti” on tea and spirits (partioularly on tea) could not be so produc tive in Peace as in War, from the prevalence of sinuggling , ; and yet the Noble Lord calculated upon - their producing the full amount which was noviraised by them ! His system went to the per- , petuation of the Froperty 'fax, a measure which, 'when originally Iroposed, had been called by the g,etwemen—cppiThite, LaA, but a exinti , ..ti-ori. The Noble Lord had not taken into account one circumstance which must render all his calculations erroneous, namely, the depreciation in the value of money in the course of SO years. , With Tesped to the Sinking kund, he entirely disapproved of the use which we, to be made of it. In 1802, the principle of the. Sinking Fund had abandoned, .and he .had ever since .been. vainly .hoping that it would be restored. The original: objea of its institution was not that it, should acou- mutate and destroy the debt, but simply that it should keep it down. As a proof of this 'it would be re tlat, in 1786, the maxim4m of. the Sipk ing Fund was fixed at four millions. He, allowed. that the subsoquent extension of it had the full ap probation of a Right Hon. and lamented Friend (Mr. Pitt), from whom it was presutoptuous in him to. differ, tint lie confessed, that on this subject he Lad differed from him, and to the present moment he . . had seen no reason to alter his opinion. litrepeat 'et!, that had the Noble Lord proposed .his Plan to operate for tive years only, be would have cordially assented to it. In that case, no npw taxes would be necessary for, three years ; this suspension of tax ation he' highly approved ; riPt because it was po pular, but because it was politic. It allowed a re- . pue to the country which would adwit, if hecei- 4ary, of future measures of greater vigour. At the toiration of that period it would be for ,I4f Majes ty 6 GOVeynrll6'llt to consider hoW to ptoc.-e4d, tvhe .citei* borrowirtit,still ft*thev "ia the W' 4 Taxes, V ~, oproo r iatink ti* Exce*s of -the Sink Fundy iSk vvhatect;er biter ultn tiitglit to I.lfeth seem :•!elioible. But that the House should be now called ili`pon, on data the most uncertain and de/ustve, to . — estatelisir a - STircti 'of 'Pit fil l in fa - 1 vaiat ',l - lii‘t'ir.nry: I yeiifs, *edinedko hini 'to be utterly inconsi s t ent - . \vi.th the dignity of Parliament .and. the policy-of the Coliiirty. - .--Vr y TIERVE was glad to see that the objec .liOng of his-HbbouPable Friend Mr. Lailigl W'e're so few. , . His Hon. Friend ttinplaitted only Of the-tx tension of the plan torso large a period as 20 years, o'f iheconsuinption of th'e War Taxes, , and of the iired noon the ',.iii'fiiig ToA. . Ai* : Plan wati . net . "denniti'vely extended to the ... length of 21) years;' it - .Was only meant to prOv'e, tat by this plan we could to on so leng, if it should 1,6 necessary, at our Pre : set* rate'th - 'etpenditure. • There was nothing either in the Resolutions, Or In any Bill that may be .itilonglit in tip btl tirettr, tO prechide PIO - INA-rent from altering, improving, or rescinding the Plan al 'any tithe Within' tuit period; atcorditvg as eiteuraSttrtices may tender it proper. It was allowed by every olle,, that there would be great inconvenience in iMpos ing further Taxes at the present moment It. was agreed by his Hon. Friend, ,atid - the othe r p ersons who had spoken on the other side, that by sparing the Country at present, the Country would be in a state to allOw us to return with greater vigou r to th e system ofit tf ising tie expencesthe War N'cithintie year. This was a set-otieff '' ainst the :objedion that the War Taxes would not he permanently -produc tive. He was one of those who thonglitthetWkr. Taxes would be produ&ive in Peace; brit. ,at WI events, it was certain that the ontinnance,of.thein., so far as they, would be produaive, woule tend.to strengthen and invigerate other subjeas of taxatippl, so as to render them produaive subjeas of taxation., capable of replacing such of the War Taxes as ay cease to be pr o du&ive, or as ma y become fit to be rePeled. Next, as to the Shaking Viand, leis Honourable Friend objeaed to the 'ayipropriation of a Sinking rand of 5 I.le'r 'cent. to the War Loans ;• but he wa§ 'ready to all'oik Ike propriety of tu r ni ng the ot her Sinking Fund to kfre set . I . Ce tirtht Country, ander certain circumstances. . There was, however, in the Present 'Plana se6urity to the Stet:kilo/der for Ms present claims, when 'his interest stood more it need Of such security, which Would Warrant an intetx• vention fir the public hekiefit, when the public wants would more require it, and when the public credit and prosperity would better afford it: fie would here observe with bi'S Hein. Friend, that the Sinking Fund Was not originally instituted for thesectrity of the Stockholder. It was instituted by the Coon=' try for its own interest; the St9(kbuider hid. the wiirle tionotil of it tot the - tint sOie.ri years :: but the StoekhOlder was not therefore entitled, as 'lt WAS pretended, toTht3 right that it should run on Withotit interruption or diminution to the extinction of ate debt ; ttiOngh, as it bad been so long continued, it was matter of tnueh delieacy to interfere with it in 1802, he had objealed, with one other Getitlertratl, who Wai'not ndw present (we believe Mr. G. John stone), to the Plan" brought .forward by that distin guished -person (Lord Sidmouth) then at the head of the Treasury, for joining the two Sinking Funds. Time had,proved that he was right ihmmintaining the wisdom of . adhering . to the ori g inal plan. But• the system then proposed havino.been adopted, all that remained at present wasp (revise a remedy, and the P 1 proposed by his : Noble.Priend was 'the happy medium thit was , best calculated to elf - A. an adCom . ,mo4tiOn . : between what hi. 'been done and what . . ought not to have been departed . from. Hl it ble - Friend t g - ve an ladVanta4e:, to the St i# now, WO' a view to get au advantage of the Stu4holder . at a 1i at tithe, when the Country would there want it, arid the &with°ldet could better spare it.. This was What his Hon. Friend opposite (Mr. Long) approved-Of (" No, No," from Mr. Long). At least that Was what he understood from his Hon. Friel4s . shout of approbation ; or was it disapprobation, o;:: W,40,t an exclamation without any meaning, that w 6,pap,qtr.orn him involuntarily ? His Hon. Friend saidibere was no allowance for the = probable variation in the price of Stocks but the Plan was not pledged to an invariable price of Stocks, nor to the excluSion of variation in an y o th er . part o f t h e subject of calculation 4 The obje& was merely to sliew to the Coubley, and to Europe,.. - - and a proud showing it was,: that if the present enormous 'ek pencliture sold . contintie, 9.0 years, *6 ri uuld . be able to bear it «itliout aiiy new takes. If t übsidteA, or other ektraorclinary expences should arise, they would be provided fur btadditional loans. HN H. Friend thought it 'would be inconvenient if subsidies and their amount NVerte made known in the increased amount of the loan. But lie had, never known a subsidy wrapped up in secrecy in the exigency which always grew out of the ditreience betWii4n ihd Supply and the regular Ways and Means. By the present 34,000,0001. could bt, as easily provided • for as 32,000,0001. The only differetice would be the change in the calculation. It was agreed that an ex.: penditure of '02,000,0001. could be . easily provided ot. .The only que,ition was as to the most eligible , mode of making the provision. There was no doubt that the present Plan Nwould provide the Suin for the period required, and without taxation. As to the objedion to fixing - the expenditure at 32,600,0001. On the ground of the probable depreCiatiog of woney, it had been eltvays understood that Elie increase of takes Was the principal cause of the depteCiation cif money ; and when every thing was done to prevent the iticrease of faxes, and by con sequence the depreciation of money, it was WO bad to throw that depreciation in the teeth • cif 6-plan . which did every thing to guard against it. That there may be adepteCiation of money in 'the common course of thiilgs, be allowed; but this plan was cer tainly. less liable; to that objection than any other. He was not aware that there was any other obje&i . On to the principle of the measure; and, under the clr eumstances he had stated, he tbought'it matter Of satisfaetion, rather than of censure, that the view .was extended to twenty years. The House then went into a Coinmittee, and the first Resolution was read. Mr. VOSE was aware that there was a great dis-' advantage in aite4ring to 'throw any impediment in: the way of a Mtn of Finance which proposed to relieve the Country from present btirtfiens. Helm& Certainly" uo host illy , to the Noble Lord, and ,he had every reason t o b e sat isfied with,the m anne r i n whlch he had proposed his Plan. But the impediments that stand in the way of the execution of that Plan weN, in his mind so greAt, that it was an indisperisible duty to state them. The Plan went to 'borrow at compound interest, and to diminish' the Sinking' Fund. It was not to touching the Sinking Fund that he objected, _becaus e it hqd been from_ the beginning laid down, that certain ,limits were to .be set to the accumulation o Mllit Ffintl. 'Thongh -he disaprftved -of the arrangement of 1802, respett• ing the Sin i king Fund, he forbore to state his Objeetibly,,incensideraiion 'oftire.. 'coincidence of,his late Right tron:•Vriend in that scheme. • The Mi nister of that tbry (Lord -. Sidhionth) - , though availing himself iff4lle:kBMkinfr rtnid, hAd, "however, met the ditlicultyor6kation rrianfUlly, by .bringing forward Taxes more than adequate to the interest and Sink ing Fund ofafiesufin V , as boiTOWed that year. flis late Riglit4dn. Friend 1114 I B'qiiied the accumu; Jation of the 'Sitiking Fund for its original purpose to four miliions -and'. when , it sho u ld excee d t h at; the excess Ar'l4 to go • to life reductions ;of Taxes, , . His 'great objeciion to the Phut. was, that it tied up the hands of Parliament ; - hs far as an Act of Parliament, always 'viable to-revision, could tie flterh, `for twentY years: It was 'also an 'objection that the Plan was calc i tilated on the War Taxes 'of 'Excise and Customs, which could not lie expected to be per manently prottnetive. The system of borrowing was, besides;carried to an alarming le n gth. Wh en the War Taxes should be all mortgaged away, and it should be .rteck. : .sary to go into the market for the whole sum -cif a nifty-tWolnill'ions, that sunrulaytartly be vie" fOund fel" one - year, but %t. could not Iv found for many years in Succession. There was., be ' t d h it a t: t l , re. aides, are execs to be loOked for on that expen' excess.nand i netinaLe d -ra to ge th o r t e . e t in " ll : l t ion 't s iv : e 'an ia d st in y L a til rs t i; )4A'rs, 5,000;0601. taking the average at 2,500,°° 19. " .and adding it to the Suppletnentary Loans, the " p en aitnre o f eaq h year would be 3.5,000,0001. A 'proportion,tipd'proportion,in that 'Case would the Vinkir% bear to the . National'b e b t, * in comparison t o what it would be by -persevering in the Tirreaerrt sr tern. The taxes of -EV6Se ;and Custom s must fall / off fi-dnl their *sent aThount in time' of peace, 'The Duties on Tea were now g per cent, on t h e va l ue of the article. ,Whth the comtnutsition ttotik place, it was at as. The-conSnrnption was then , foin Mil lions pounds. The duty was redliCed, and the con- - sumption gradually 'rose tolorty trillions. :The,duty 'l'kas'afterwards raised, and.the consumption fell back to twenty millions . of pounds. Renee:it was to be air. - ' preheildtld that the consumpti on w hi c h h a d been irn proved by'therean t ai o n of the Clutywould'be greatly reduced by the continuanee of tare duty, w hich was 'now 10 per celnt. higher than whe n t h e com metatiol •:tihd- taken place. There were other great advantages from the redu&ion of the duty, which. would be ell dangefed by:elintinuing iL 'at its present. high rate. • --The export's' to 'China bad been but 84,0001. .a.-year, now they were 1,060,0001. The tonnage in the China Trade was but fiVe thousand, now it was eighteen thousand, end at a cheapr A deterioratiOn in these important points was to apprehended , froth the Noble Lord' s pl an - T he duty on rum had been 6s. a gallon before thd Con" §olidation Aa, and the consumption was their 1,346,000 gallons. The duty was 'reduced to 45, and the conutription increased to 52,431,000 gal lons. The duty was now 1 is. a gallon, and consequently trio continuation of it in time or peace must materially reduce the consumption.--- The consumption of brandy, when.it Was charged with nine shillings k gallon., Was 744,,000 .g a110n5, it increased in 'the saqie extraordinary Wheil the charge Was redticed tb ad, a gallon. Now paid 13s. Bd. and dsirnilardeficiency ofconsumptioh w a s t o be apprehended freth Ohtittning that charg'th. The dtity on stiO( Wrasp..l6pge dent. w - h;c i n it would be impossibletot - the Planters to pay in Peace, .The Same may be said of the duty on •Cottori «70O), which would be.furthef injurious from the compe.tition cotton manufadures with forei , n CotintrieS,:;tivbiOi - Were in many instances enabled uri3brSell us. The additional wine duty had been, niadepernaaneil* last year, to prevent injuriouS speculation. But it Waa intended-to repeal it with t h e o th er Wa r TA O at the close of the War, and it it was cOliiirMed conSutnption .must fall off. • The redn6idti chid duty in a former instance had doubled the-eorisinqj. tion. - Tlte'next article AVIS the Toliiiap had never been More Sufplised, tliAn when he had heard of the intention to continue this duty.. this tax had been first instituted, it was protntl: , eci that the regular .supply of convoy- would compensate the charge, by the in- On. its continuance in the last Peate,. re' monstrances had been prese nte d to the TreiStity% The 'Competition of Oerman linens would, by the continuance of this dutf too, meet elrat a great ad° vantage, so as t o Undersell .tiS phice:•?. Even now theselinens were introduced into our Wcst Iridiß Islands, by the circuitous navigation ofkbei The benefits °tithe warebousingsysfem would qlsoNx dope aWay by tht edn'.inuata-,e of this ftik. Were now exported from ,this country* font' nnfatiurei to the anioUnt 'Wen ruillionq, and Brfti , st. Tnanufdt e lnris' tti ,the'ithount of forty 13r contintiance - Of this Ad, a great part of thtr,ctf, lying trade of this export ; which he Al go great A beirefit, wotrld be tranSfeited to foreiglz Countries. lie allowed thestear etficaby of ti!e ma-- Slues adopted, to prevent Stftiggling, but e+ h en great a duty as 5..8(1, a- gallon on .bfOstly, tifotatki so strong a .temptation to Abe smugglers, there could be no, hope of preventing that praetiee al together. ,The.itttgaler could save hitia - Self. by making one successfUl voyage out 'of four. Eat three out of four .voyag . ,es Avete geuetaily success ful. .He allowed that. no ar=ticles could better _hear taxa tion than : thoSe of consumption, but they t!i,•lld not tie taxed '3O a 5 to, diminish"' the oonstiriiption. duty ; on Malt also, ,the several alterations of he traced from the original 1.4 a. .a bushel, to the'ad , ditien of is. more in 1802, and 2s. further at the commencementof the present tVEIr, Avon - id no 10 trg . or be able to bear its preSent, ch a rge in time of : and would he attended with ititin . 'Ae 11.,:a-d s bi t .-.; at the same time that it would be .lest Taxes on consumption V.:<:.re more c.:;1, ih paid, be: Jose paid indirectly, and by .a little . at a time, than , the tA On property, which (A:fiscal the who:c . wolf ii recontnierict the r cotrth t - iance sinoil-Property Tax .of one -,.0r two per :t than the continuation cftii_lVarTaxes,ali tiehSecttio• of them may be continued to a {:ltein exteu itli ~-.. en be to On On gal air, thE Utlc