The Sun. — London, England, 1823-03-18 00:00:00

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The ders If to contain distinct prices, expressed in words at IMO for tech article.—The same to be paid for at the end of each month. NVII.LIANI.;kIELLIH. 4 Shadwell-Dock, March 14, 1842. VICTIMILING-OFFICE, March 6, 1823. t r im COMMISSIONERS for VICTUAL LING His 111.4.IESTr'S NAVY do hereby give No. !ice, Mat on Friday, the list Iditsfisa, they will be ready to receive Tenders in writing (sealed ,up), and agree with such Persona as will undertake to supply all such quantities BAVINS as may be required at his Ifajestq's Bakehouse at Deptford, for One Year certain, from the -Ist of May nest, anti further until Three Months sloth e, at the rate . of for every suite of Bishet that may he baked. The said Brains to be delivered at the Wharf weekly, in such proportions as may he demanded by the Comptroller of the Yard, except during air Winter Sea .lo,l of the Year, when (as the navigation of the River may pro bably be impeded the Contractor will be expected to keep in Depot a sufficient stock for the probable demands; for which purpose the use of the Bavin Field at Deptford 011 be al lowed to him. Each Tender must cypress the Price in words at length, rind be delivered before One e'Cloch on the (lay appointed, and must be accompanied by a Letter, signed by •two respon sible Persons,. engaging to become bound with the Party tendering, iu the Penal Sum of 500/. for the due perfor mance of the Contract: The Person who maker the Tender, o r same Persoti on his must attend to answer when called for. The Conditions of the Contract man be seen at this Office, and any further information that may be required will be given, on application at the Offi c e of the Comptroller of the Plaualling Yard at Deptford. IF.I.LLEIt CLIFTON. trICTII,9I.LINO-OFFICS, March 14, 1X23. rrif E COMMISSIONERS for VICTUAL . LING His lII,LIES7'Y'S Nd VY, 4-r. do hereby give Notice, that on Friday, the 21st Inealft, they will be ready to receive renders in writing (sealed up), and treat for One Oundred and Fifty Pipes of SPANISH RED WINE, to be delivered into his Majesty's. Victualling Stores at Deptford, One-half in Three Months, and the remainder in Two Months afterwards. Twenty-five Tons of BUTTER; Fifty Tone of CHEESE; and Fifty, Tons of BRITISH PLANTATICN COCOA, to be answerable to samples of two pounds weight each, to be prOduced with the Tenders To be deliOered at Deptford, between the 10th April and 10th of May next. Five Hundred Sacks of KILN DRIED HOUSEHOLD FLOUR. One Thousand Sacks of BISKET MEAL , ; Tuientu l gve Tons of NEW OATMEAL; and One Thousand Bolts of FLAGS; To be• also' delivered into the Stores at Deptford, in the course of the month of April next. The. Conditions of the Contracts may be seenat this Of f ice. Bach Tender mist specify the Price in Words at length, and be tklivered &fore One o'Clock on the day appointed; and the Person whi) makes the Tender, or some Person on his behalf, must attend to answer when called Ar: Each 'Tender for 'Pine must also be accompanied by a Letter signed by two responsible Persons, engaging to beconte bound with the Party tendering, in the Penal Sum of 301. per eent. on the amount of the Contract, JrO Rs. due performance. Al. WeILLER CLIFTON. fishl respectfully ' rerninds hi s b es t F r i en d s , the Public, that FiFTY-THRE.E fIAPITALS will be drawn in the First Fifteen Minutes, on .th,e 9th of , viz, First-draws £20,906 Money Two next Four next be £ l.ooo each Six next X6OO each Ten next Thirty next ..., Scheme contains Three of .C 20,000, Two o f X. 5,000, Two of 2,000, & c . & c . All Money, Every Capital drawn the First Day (9th APRIL) will have a New "Undrawu Ticket, by which another Capital may be obtained. BISI1 ) In soliciting the attention of his best Friends to the above attractive points of the New Lottery, respectfully reminds them of the near approach of the Drawing, awl advises an early purchase at his fortunate Offices, 4, CORNIIILI., 'and 0, CHARING•CROS'S, And by his Agents in the Country. •..," The Prices of Stocks areattixed hourly against WWl' Offices in Cornhill, by which the Public may see the Hue tuations. TO BE SOLD BY AUCTION by Mr. SOTHEBY, at his House, WELLINGTON-STREET, WATERLOO BRIDGE, STRAND, on THURSDAY, March 20, and Fire following Days (Sunday excepted), A PORTION of th e C URIO U S LI BRARY, • 4 11. of Mr: EDWARD JONES, Bard to the King; con taining tattle extremely rare Tracts and Volumes on Wusic, Nether w ith a large Collection of OLD BALLADS and SONGS. p l ~~Commen Also taria, , a Clatke, large aper— ydides, Dukeri, ' tom. large paper—l-Termint us, p Wes- Geographia, liertii—Wanleii Lit. Ant, Ip t entriunalis, large paper—Clarention's Life and Rebel -119,5 large paper—Biblia Heb. a K en ni co tt, 2 tom.—Holy H9ertlarge paper, ruled with red lines, vol. superb copy ea' Life of the Duke of Ormond, 3 vol.—Cniversal 1 1 , 0 1° . rY, 25 rol russia _ Dugdale's Monasticon, by Stevens, r „1 0.-- Quintiliar t , a Rurmano , 2 tom. large paper—Plu -044,` vitas, Bryani, 5 vol.—Ackermann's Westminter and 1,; ( ?s elegant copies=-Milton's Works, 5 vol. itoOtia-- WW r's Wurks, 4 rol.—Bacon's Works, 6 rol.—Middleton's „ large paper. ine"Ftavos:.-Tacitits, Nati, itychio, 3 vol. large paper--Ho. v i l O p e rarDitlymi, 5 vol. large met —Burtoni Pentalogia, eer 6 ,, , ,'l: ar lie,paper—Goth e ' s Works, in Girman, 20 vo . l.—fie.. eauttful GernutuAlmanacks—Schmidt's Works, in Ger. Pap e nsxo ;." Metuoirs'of Grammont, 3 vol. large b Y Pr!tor impressions of the portraits—Malton's Angler ! Wo r k s 4W kirke lar papei elegant, in green morocco —Several , , ge , sTithPiloted at the Private Press I) f Lee Priory :.together te ri 4 Very rm considerable Sel ec ti on o f the b es t Gean , ri- PI •r• teveral Chinese Books on the Arts &c. &c. &c. hv -viewed, a nd Catalogues (price le.) to be had at the te uf st. 4 A SPECIAL GENERAL MEETING of . 11L the SOCIETY for PROIIIOTING * CIIRISTIAN KNOWLEDGE will be holden at the SoCiet3r's House, in BARTLETT'S BUILDINGS, - on WEDNESDAY, the 19th instant, at Two o'Clock precisely, to receive the Report of the Committee appointed to consider of pro Per persons to fill thd.Situation of Joint Secretaries to the Society. WILLIAM PARKER, Assistant Secretary. Bartlett's Buildings, March 15, 1823. . AM/kit:MED and BENEFICED CLERGY MAN, formerly Tutor to a Nobleman of the highest rank, and subsequently receiving a FEW PUPILS into his Family, a moderate distance from London has' now ONE VACANCY. 'Letters directed for Rev. A. 8., -Mr.4l ayes's Bookseller, 8, Henrietta-street, Covent Garden, London, will be dilly for warded. NEWINGTON, SURREY.-NEW CHURCHES. ALL Persons desirous of Contracting - to per form the Whole, or any Part, of the Worksin the in tended NEW CHURCH, near BECKFORD.ROW, in WALWORTH, in the Parish of St. Mary, Newington, Sur rey, are requested to deliver their Proposals (sealed up and in. dorsed " St. Peter's Church, Walworth, Tender for - • Work" (as the case may be), addressed to the Trustees for, Building New Churches' in Newington), to the said Trustees, at a Meeting to be held at their Committee Room of the Pa rochial Schools, near the Fishinonpre. Almshouses, at New ingtoti.,aforesaid (being the Committee-room of the said Trus tees), on Wednesday, the 17th day of April next, at Six o'Ctock in the Evening precisely. Each Tender must contain the Names of two responsible Persons as Sureties, and a List of Prices at which the same is made. . The Trustees do not pledge themselves to accept th e l owes t, 4 any other Tender, unless the same shall be considered satis factory to them, and to his. Majesty's Commissioners for Building New Churches in populous .Parishes. The Draw ings, Specifications, and Form of Contract, may be seen any day (Sunday excepted), between the hours of Eight. in, the Forenoon, and Six in the Afternoon, by applying at the Office of John Soine, Esq. the Architect, in Lincoln's Inn-fields, of whom all necessary information may be obtained. JOHN CI4III"rEN, Clerk to the. Trustees. 40, High-street, Southwark, March 17, 1823. "EAST INDIA HOUSE, Jan. 29, 1828. THE- COURT of . DIRECTORS of the UNITED COMPANY of MERCHANTS of ENG 'LAND TRADING to the EAST INDIES, do hereby give Notice, That the TRANSFP;P. ROOKS of the said COMPANY'S STOCK wilL be SHUT on TUESDAY the 4th March next, at Threeo:Clo c k, and OPENED a g ain on THURSDAY, the lath April following. That a QUARTERLY GENERAL COURT of the said Company will he held at thick HouSe in Leadenhall•street, on WEDNESDAY, the i9th of Match next, at Eleven o•Clock in the Forenoon. ,That a GENERAL COURT of the said Company will be held at their House in Leadenball-street; nu WEDNESDAY, the 9t13 April next; from Nine o'Clock in the Morning -ontil Six in the Evetting, , for the ELECTION of SIX DIREC TORS of the said Company for Fotit Years. And that the LIST of the MEMBERS of the said Com pany will be ready to be delivered at thisnonse, on MON- D kY, the 24th of MarCh next. • • .TOf.EPH DART, Secretary. EAST INDIA HOUSE, February 26, 18 23. Tar,. COURT of I)IRECTORS of the UNITED COMPANY of Mk:RC:HANTS of ENG LAND TRADING to the EAST INDIES, do hereby give Notice, That the QUARTERLY GENERAL. COURT of the said Company, appointed is be held:at their House in Leaden• hall-street, on WEDNESDAY; the tuth March next, is made SPECIAL, for the Purpose of laying before the Proprietors,- for their approbation, a Resolution of the Court of Direc-: tors, of the Itith December last, granting to Major James Riven Carnet:, of the Madras . Establishment, the sum of Thirty Thousand (30,000) Bombay Rupee, at the rate of 2s. 5d per Rupee, upon the grounds therein stated. The Report required by the Bye Law, Cap. Section 20, together with the Documents upon which the said Resolution. has been formed, are open for the inspection of the Proprie tors, at this House. JOSEPH DART, Secretary. EAST INDIA HOUSE, March 5, 1823. liE COURT of DIRECTORS of the UNITED of MERCHANTS of ENG LAND TRADING COMPANY to the EAST INDIES, do hereby give 6t ice, That they have received a Letter, Copy of which is as fel lows, viz.: " To the 11onourable the. Court of Drectors o f th e U n it e d Company of Merchants of England trading to the East Indies. " Honourable Sirs, " We, whose Names are undersigned, being.Proprrictors of East India Stock, duly. qualified, request y ou w ill b e p l ease d to niehe the General Quarterly Court of the East India Com pany, which is to be held on the 19th instant, SPECIAL, for the purpose of taking into consideration the State of the East India Sugar Trade. " We have the honour to be, " Honourable Sirs, " Your obedient Servants, - " C:HARLES FORMES. a m, NiciErM.GALL. "CHRISTOPHER COLE. " H. F.T. G. TUCKER. "JAMES K.INLOCH. " " DAVID RICARDO.° London, " W. H. TRANI% 4th March, 1819. " ZACHARY MACAULEy. JOSEPH HUME." The GENERAL COURT app J ointed to he 11 i 1 at this House on the 191.1) , Instant is ,therefore further made SPE CIAL accordingly. JOSEPH DART, Secretary. This Day were published, prier, in boards, 81. • DEVOTIONAL EXERCISES, selected Jl_,F from Bishop Patrick's Christian Sacrifice, adapted to the present tune, and to general Ilse. By L/F.TITIA-MATILDA HAWKINS. Printed for C. Red J. Rivington, St. Paul's Church-yard and Waterloo-place ; Longman and Co. Paternoster-row and T. Hookliam, Old Bond-street. Of whom may be bad, lately published, Anecdotes, Biographical Sketches, and l'irlemoirs, collected by Miss Hawkins, Vol. I. price 9s. STIIICTURES CURED. ny a 'thew Method th e a b ove troublesome .13 Complaint .is ontirely'eradiceted, (without the use of Bougie or Caustic), if not constitutional, whether of long or shalt standing, as well as all weaknesirs generally ac ctimpanying it, and in a. short • time, the whole system is re established, being one of the greatest diScoVeries ever made. By JOI-IN LYNCH, 44, Duke•street, St. Janies's. Respectable references will he given, if required.--All Let ten post..paid. • A perfect Cure for•Riliout Affections and Obstructions in the Rowels. The pf ice of the Medicine is Four. Pounds. 'FUESDAY, MARCH 18, 1823. PARLIAMENT. HOUSE 'OF LORDS NARCII 17. Appeals were resumed from twelve till nearly four o'clock, but there was nothing of interest. Sir T. ACKLAND and others brought up the General Turn pike Act Amendment gill, which was afterwards read a first time. Mr. WI,LBRAIIAM. and others brought up the Ireland Yeo manry Corps gig, which was also read a first time. Mr. Trundle, from . the office of the Chief Secretary to the Lord Lieutenant of Ireland; delivered in Copies of the Cor respondence that had. taken place between Ilia Majesty's Go vernment and Sir IVilliam Bradley King, pursuant to an Order of this House. Mr. Halt, from the Supt-Tinten t li ng Committee of the rani tentiary at Millbank, delivered another riven, as directed by the Act. • The Earl of SHAFTESBURY presented a petition from the Mayor and Corporation of Oxford, praying for the repeal of the Insolvent Debtors' Act. The Bill.for Improving Portman-square was read a second time, as were likewise some Private Bsll4 Lord ELLENIIOROUVH presented a pet tin from a Mr. John Smith, baker, ,of Rugby, Viratmllt4Wre, praying tbr the repeal of the Insolvent Debtors' Art. He hoped, his Lord ship said, -that the Noble and Learned Lordllledestlale), who 'had given his name to the Bill, would now also give his best attention to those petitions which prayed for the repeal of the present Inc;. No measure hail, in his opinion, done more mis chief than the Bill in question. The - LORD CHANCELLOR could not admit that his Noble and Learned Friend (Redesdale) had given his sanction to the Bill alluded by the Noble Lord. That Noble and Learn ed Friend had never given his name to the Bill, which, in ef fect, was spoiled by the iinprorements it had undergone in the other House. The principle had, indeed, been recognized by' Noble Lords on both sides of this House, and should not lightly be abandoned. Upon the motion of the Earl of SHAiTESBUR V, the Iris Arms Carrying Bill and the Assessed Taxes Reduction Ittll were read a second time, and committed for to-morrow ; and afterwards the House adjourned. HOUSE OF COMMONS. Mr. WING, presented a petition from the inhabitants of the.parish of St. George, Illiddlesex, against the Insolvent Debtors' Act; and another front the same parties against the Coal Duties. Mr. Sheriff Lucas was introduced to the bar, and presented a petition from the Lord Mayor, Aldermen, and Common Coundil of the City of L on d on , pray i ng for a consolidation of the Sewers' Acts, 3lr. PELHAM presented a petition from Whitelturch, against the Insolvent DebtorS' Act. Sir THOMAS ACLAND presented a petition front the inhabitants of Ilfracombe against the Coal Duty. Sir J. NEWPORT presented a petition from the Chamber of Commerce of the City of Dublin, against any alteratlon in the Sugar Duties. Mr. C. H. HUTCHINSON presented a similar petition front the merchants of Cork. The Hon. Gentleman observed, that the Mercantile interests of Ireland would be seriously af fected by the contemplated alteration in the sugar duties; such a measure would destroy the only beneficial foreign trade car. ried on in that country. 11r. V. FITZtiERALD said, that petitions would, he had no 4loubt, be transmitted from all the sea-ports of Ireland against the proposed alteration, Lord lii LGRA VE presented a petition from Chester,against the Insolvent Debtor s Act. On the motion of Mr. Alderman WOOD, the London bridge Bill , was ordered to be read a second time, and com mitted. MARRIAGE ACT. Dr. PHILLIMORE postponed his motion for a Committee on the ;Marriage Act Amendment. Bill unta this day. week..—... He explained that the object of his Bill was to amend the pro visions introduced by the Lords into the Bill of the last Ses sion'; but as their Lordships bad originated a Bill to repeal what had been done, he was anxious to wait the return of such a Bill to the House, and on that account he proposed this postponement. Sir M. W. RIDLEY and Mr. WETISERELL said a few Words, merely upon the form of the' proceeding. DIVISION OF COUNTIES BILL. Sir T. LETHBRIDGE ; proposed the seco n d rea din g of th e division of counties Bill, the object of which was to delind in a more explicit manner than at present the authority of the Divisional Justices. Mr. S. WORTLEY was not aware of the necessity of such a Bill. Sir M. W: RIDLEY thought it unnecessary, and would therefore propose as an amendment, that it be read a second time this day six months. Mr. S. BOURNE was anxious that the nature of the Bill should be better understood ; the aniaMlinent"was, he thought, premature. Sir T. LETHBRIDGE said, that ample time would be given for that purpose.before the committal of the Bill. Sir M. W. 'RIDLEY consented to withdraw his amend ment, and the Bill was read a second time, and ordered to be committed on the sth of April. On the motion of Mr. Secretary PEEL, the King's Property Bill was read a third time, and passed. Mr. HUMS gave notice, that he should to-morrow move for Returns respecting the Reven ue and the Expenditure of Ireland for the last three years, and for the whole period since the Union. NATIONAL DEBT REDEMPTION BILL. the EXCHEQUER move d t h e Order of CHANCELLOR dlieNDCayEfLWortheit of the reading of the National Debt Redemption MIL Mr. BENNET opposed the Bal. He contended that there was no real Sinking Fund of 5,000,000/. The best way in which the actual surplus could be disposed of was in the remis. sion of taxes. He would put it to the H ouse w h et h er t h e tuition of the country was so flourishing as to justify them in allowing an unnecessary burthen of taxes to press upon the people. Ile knew than any thing he could say would be use leis ;for the House and the Right lien. gentl e man (the Ch an _ cellor of the Exchequer) were such near relations, that any thing the Right Hon. Gentleman might propose was sure to.be successful. The Hon. Gentleman, atter arguing at sonic length against the Bill, concluded by moving that it be read a third time•that day six months. Mr. WHITIMORE said he was friendly to the principle of a Sinking Fund. From the statements of the Right Hon. Gentleman opposite (the Chancellor of the Exchequer) it was clear that much advantage' had been derived from it, and there were good grounds for expecting much more. To abandon the principle would justly expose them to the insult and did• sion of foreign countries. lie regretted, however, that the, Sinking Fund was not limited. to the actu a l surplus of Re venue,.the Sinking; for, with respect to the annuity system , was a com plete juggle. For their own credit it. should have haveheenitnand: dboecnaeutise e b4il d l id ini n s o te t r th s. in He t e he dwnilradssu to render it necessary to cut down their income to the actual amount of expenditure. Mr. HUME said, it wits a ghat error to suppose that the reduction effected last y ear i n the Five per Gent*. was owing to the Sinking Fund. It was not to the principle of a sinking fund they were to attribute the rise in the value of their public securities., The Right lion. Gentleman (the Chancellor of the Exchequer) brought the operation of the sinking flint', in the reduction of debt, under the notice of the House from January 1816 to January 10.112; and said the effect had been to li qu id ate debt to the amount o f 24 millions. lie would *hew the .House what the real state of the - case was and would take the accounts of revenue anti expenditure during these six years frorn'the Finanee'Report. In 1818 the revenue was 77 millions, and the expenditure 83 milliohs. In 1817 the revenue was 57 millions , and the expenditu re 68 millions. In the years 1818,1810, 1820 , and 1821, there was a small surplus of revenue. The total of the revenue during these six years, from MI6 to 1822, was 373 millions, and the expenditure 372 millions, making 40 allow. ante of 2 millions for an error in the accounts of 1016, adding to it a balance of 5 millions remaining' of the loan of 181 b, and other items which lie would not enumerate; the wholesur plus during the six years was only 9,608,001. lied this: been properly employed, 500,0001. Stock might have b e en redeemed annually. But wh a t had been the effect of the plan p y urseed b the late Chanc e ll or o f the' Eichequer ? In these Kix years, Stock to the amount of M1,732;000/. was purcha se d, t h ough t h e actual surplus was only 9,500004 But how was this amount of-Stock purchased? It was by creating a debt of 58 millions to give to the Commissioners of the Sinking Fund ; this. wa3 exclusive of 36 million e borrowed from' the Conimissioner s ....... His objection to the Bill was, that the country would he more benefited by a remission of taxes, than by keeping up a sinking fund under present c ir cumstances . If, h owever, a sinking fund was to be kept up, let it be disposed . of in lessening the capiud of the debt, by convertin g p ermanent i nto terminable annuities. His great objection, however, to the Bill was, that the Commis sioners of the Sinking F un d must always have 5 millions to dispose of, even though the actual surplus should be no m ore than five hundred thouearid pounds. The CHANCELLOR of the EXCHEQUER said, this subject had been discussed so often that it Was unnecessary for hint to repeat in the arguments he employed on former oc. casions. Were he to go into the question, he could do nailing mere than repeat them. The Hon. Member for Shrewsbtily (Mr. Bennet) said, the House of Commons and the Govern ment were so identified that opposition was useless, and that the House and he (the Chancellor of the Exchequer) were' to be considered in the light of near relations. If the support of that Bill constituted - relationship, there were many who reit near e th e Hon. Gentleman (Mt. Benn e t ) w h om he (the Chancellor of the Exchequer) had the honour of numbering among his rele dons, and be was Feud of it. Th e Honourable Member for Aberdeen (Mt. Hume) represented him as having Milo - nett ti ot the letitietion in the capital of the debt since 'the year 1816 was owing exclusively to the operation of the Sinking Fund. lie affirmed no such thing; he attributed the result to no particular cause, but stated merely the fact. lie (the Chan cellor of the Exchequer) said, that taking the total amount of funded and unfunded Debt in 1816, and not as the lion. Gen. thinan (Mr. Hume) said 1822, but 1823, there appeared a con siderable reduction. On the sth of January 11;16, the whole Debt, funded and unfunded, was 804 millions; on the eth of January 1023 it was 840 millions. There had been, therefore, by some process or other, a reduction of 24 million s . H e did not attribute it to the Sinking Fund. Restated the fact; and then put it the Rouse, whether, when such had been the case, they were not to attempt to carry reduction further by the ope ration of a Sinking Fund. The consequence of this reduction of Debt was, that the annual charge upon the courary bed been lessened by the sum of three millions. Mr.- TIERNEY said, he did not rise for the puiliose of en tering into the question in dispute between the. Right Ilon. Gentleman (the Chancellor of the Exchequer) and the lion. Member for Aberdeen, namely, the causes to which the reduc. then of Debt was 'to be attributed, or whether any reduetion 1 had taken place. His Hon. Friend (Mr. Hume), as vas usual with him, stated the case so clearly and perspicuously, that it was unnecessary for him to go over the same ground. As this was the last opportunity he should have of calling the atten. tion of the time to this subject, he wished to avail himself of it. lie regretted that his Honourable Friend (Mr. Bennet)'pro :Posed that the Bill should be read a third time that day six months ; he should prefer that d a y e i x wee k s , t h at the House might have an opportunity of conside r i ng the subject in the present Session. HD would not have it supposed that lie op posed the principle of a Sinking Fund ; he would always sup port a Sinking 1' of real surplus, when the circumstances of the country were such es to admit of its being advantageously employed. Ile opposed this Bill, becanse lie thought more good would be done by a repeal of taxes. The question he wished now to consider was, whether they had a real surplus of five mil lions or three millions. He implored the liouee to consider whe. tiler by the operation agreed upon' last Session with respect to the half pay and pensions, two millions could be obtained ap. plicable to the reduction of the debt. lie contended that the real surlus was three millions, and no more . If h e un d erstood the explanation of the Right lion. Gentleman (the Chancellor of' the .Exchiquer), it was this--that by the proposed plan two millions of income now payable in pensions and half- pay would be left untouched, and m ig ht ih e r e f o r e be dispo,sed of in the re• duction of debt. Ile did not - see in what way the public was to derive any benefit-from the operation. eliie view of it was this, there was a sum-of five millions to be paid in half pay and pen sions to certain parties. Of this, 2,800,0001. was to be taken from the Sinking Fund. There then 'remained a sum of 2,200,0001. for which the Right Honourable Gentleman said, in place of paying it to the parties they were , have a ter imneble annolty for 45 years. This a,2oopoz. Was then to be employed in the purchase of 3 per Cent. Perpetual Annui ties, but whence did the money for doing this arise, but from the purchasers of terminable Annuities ? left them exactly where it found them. There could be no actual reduction of debt. Ho did not object to the principle'of easing the present burthens of the country by throwing part of them on posterity. It was, however, directly contrary to the principle of the Sinkitig Fund, which was N relieve posterity by throwing the hurdler' on themselves. Ile could comp re h en d t h ee a Gentleman with an estate of 20001. a year might grant an annuity on it forforty five years with advantage to himself. It might be necessary for him to raise money for the purpose of building or improvement, and the estate might thus ultimately be benefited. But were he to employ the loan in'the redemption of another debt, it tould lead to no beneficial result. When the Measure respecting the half-pay and pensions passed last year, it was adopted without any reference to the. Sinking Fund. All he wished was, that the actual surplus should be estimated at no more than three millions. Ile would advise all those lion. Gentlemenevho in tended voting for a Sinking .Fund to be certain that they bad one. All he should ask was that. Ile ehould ohly requite on. the part of those lion. Gentlemen consistent that they should only vote for that which could alone form a Sinking Fund—the surplus of revenue beyond expenditure. Hp was convinced the only relief that could be afforded to the distresses of the agri culturist watt a reduction of taxation, and he should call upon all those lion. Gentlemen who had been presenting petitions from that class (the agriculturists), to vote only for that Sink ing Fund which really had existence. Should the Bill pass in its present state, we should have neither the a d van t age o f t h e new nor the old' system. But he would .not ask at that mo ment that two millions of taxes should be taken off, nor that any declaration should be made respecting the manner in which that sum should be applied ; bUt merely that we should have a Sinking Fund of three millions, and that afterwards we might consider how the other 2,000,000/. should be disposed of—for, however anxiouswas t lie o reduce_ the buith en o f taxation, yet did he feel that he could not conscientiously vote- or the nuns sion of taxation after that Bill should be passed into a law. Ile, therefore, asked of Hon. Gentlemen to vote only for that which they understood. It was evidently impossible for the Chancellor of the Exchequer to do that whi c h lie proposett The moment that Bill should Pasit for the maintenance of a Sinking Fund of 5,000,000/, it became a law, end must conse. quently be supported, which would preclude all possibility of leather reducing the taxation. lie lied na hesitation to vote for the proposition of his lion. Friend—should it be carried, and the Bill consequently thrown out, the old law would re main, under which the available surplus would Le applied in the same manner as it had been for the last four or five years. He' would not trouble the House with any further observetion, but should vote for the proposition of his lion. Friend. Mr. HUSRISSON felt extreme satisfaction et hearing Hon. Gentlemen at both sides of the House at length express them eelves friendly to the principle of a Sinking Fupd. lie bad heard with great satisfaction from'his Right Hon. Friend who spoke last but one that he had returned to the prineipleed the Sinking Fund. His Hon. Friend, the Member for Porterling. ton, also seemed to have come round a little to the same Opinion, for lie had expressed, a desire to see a real Sinking Fund . esta blished in the country. The great objection of thetelion. Gent. to a Sinking Fund was, that it might be diverted from he proper object—the reduction of the National Debt; but it ought to be recollected, that the Sinking Fund could not beditspoat.sd of in any manner without the concurrence of Parliament, and to that which the wisdom of Parliament directed he thoughtno objection could be taken. His Hon. Friend seemed disposed to adapt the plan of the Hon. Bart. the Member for Queen's County. It appeared to him that all agreed that in order to be safe we ought to have some surplus, and that surplus., whether its amount should be large or small, ought to be applied to the reduction of the Public Debt. Were we not to act thus we 'should, be at the end of our resources very soon indeed, and without the power to call upon the Public for loans in the event of any future emergency. A Sinking , Fund was absolutely necessary unlees a country wanted to proclaim its inability to pay ; and this country beyond any other has owed its greatness to the maintenance elite public credit.—(Hear, hear !),-He agreed with his Hon. F r i en d - t h at the present real surplus was three millions sterling i n d ee d h e had never advanced any thing contrary t o that. Be j aia° agreed with his lion. Friend that the other two millions were not a surplus, but an appropriation. of a portion of our revenue to that purpose. Bee the arrangement p r op ose d f or t h e pa yi ng ofd'five millions of Life Annuities by a substitution of an an. flinty of 2,000,0001, per tum. for 44 yews, a sum of 2,800,0001. per annum becaMe dieposablee Instead of applying that hest.. mentioned sum to the support of the Sinking Fund, it had been directed to the reduction of taxation. The object Of the' Hon. Bart. (Sir Ile.nry Parnell) was to convert a permanent charge into terminable annuities; but that was neteantveratieat PRICE. SIX.EN Pr.NTI74 ' similar to that of which he (Mr. Iluxkieson) . had just spoittn. The reeult of the plan edepted last year. wain 'thin we sum of five millions to apply to the reduction Of the National Debt, namely--three millions derived • from • the surplus' re- Venue, anti two millions from the sale of life atinuitien for years.---(litetr I)—llitt Hon. Friend, the Membertig Portal-Wig ton, asked, " Why are you not satisfied to take that turn when the life annuities should fall in ?" lie (Mr. Huskiseon).wOuld reply, " because It is an advantage to have. it-in the way 'tton• temlated." , The discovery of the lion. Barotiet,,the Rimierfig the Mitten'. County, and of whi c h his Ilk. 1 lueltissanle) lion. Friend, the 'Member for Portedington, itellled SO math enamoured, would, insteed of relieving the country, tiddloPee burthens; for if We were to give terminable instead minx cent annuities, we should tie up the surplus of re . ecriue; , entl thereby render further reduction of taxation impraetleable. He would contend, that we had wisely determined the turibunt that should be npplieable to the reduction of our deti beeaute, Were we not to detenuioe upon a certain sum, it would be utterly impossible for us to act upon any fixed principle.' lle repeated his sitiefaction that, wine respect to a Sinkieg Fund, lion. Gentielnen at both _sides of the House had come to an Under standing. Ile (Mr. llusititAson) admitted diet there was a Sink ing Fund of three millions only--(Cheers item the OpPosl . thin side' of the Houszn—and that the other two minione .'were - merely a different application of a pertion of our in; come. Helene, glad also that, we had at length ereived at an understanding that a Sinking Fund of one per Cent upon , One Debt should be crewed for its extinction ; and 100 was thereon, opposed to ~the assertion of his lion. Friend, then Member tot Portarlington, that ea Sinking Fund ought to he kept up, as it only thorned a fund upon which the Chancellor of the Et chequer for the time being lay hie him& in any. emergency. The last war in which this country bad been en, gageti was a wer 'of five-anti-twenty years continuance—it was a war of such a protracted duration, and of sigh a na.. tura as could never again be anticipated ; there was, therefore, little or no probability that our future necessities should he such as to compel us to break in on the principle of the Sinking Fund of .1792; and he - hoped, should we be Naito obliged' to borrow money, that a Sinking .Fund, of the same nature and amount as that recognized in. 179«, should be established for the 'absorption of such new loarnee(flear, beer !)—The motion before, the. House was, that the Bill be read a third time that day six months: were that motion carried, the old Sinking Fund, with all its machinery, would go on, and we should have consequently to apply, in the reduction of the Debt, between the fish April and kit July, no less a sum than thur millions ; we must therefore be under the necessity of borrowing money for that purpose ; for no surplus, to that uniount, could by any Possibility accrue...,. that is, we should be comeelled to go on botrowing in order to keep up the Sinking Fund. Ilan.Gentleman said, 'if the Bill were thrown out, there would be a surplus sufficiently applicable to the reduction of the debt. That assertion he (Mr. iluskisson) could contradict. Govern.' ment had, by the late plan, been enabled to reduce the puhlie' incilmbrances by two m illi ons, leaving a eimilar sum applicable tit the reduction of the debt. From th e li on. Ilaronet's propte. eition no such a d v a ntages could possibly False ; for, in the operation proposed by hint of turning permanent into tenni riable Annuines, the holders should have some inducement ter consenting to such exchange, which would preclude every e pectation whatever of a surplus; and consequently tie power to reduce taxatione—tHear, heenhear !) • lord A. HAMILTON congratulated the .House upon the admission of the Bight Hon. Gentlemen that there were but three millions of surplus existing, and yet with that sum lie would support a Bill for maintaining infeinking Fund of tire millione, well aware that the remaining two millions were not a surplus.. The light lion. Gentleman presumed throughtntt . the whole of his, :speech, that whatever should be now thine would be applied solely to the establishment of a real Sinking Fund, and one not likely to be treated in the manner in which the Sinking Fund had been dealt with by former Parliaments anti former illiniaters. Could the Right ion. Gentlenian dis pute that there had been so taken from the Sinking Fund 1390 millions ? Could he dispute further that since the year 1819 there has been a surplus revenue of nine millione, and that since the same year (1919) there had been no reduction of the debt effected by it? If die Bight Hon. Gentleman (the ChaneellOr or the Exchequer) admitted that there had been a reduction of the public debt, and that he admitted alga that such reduction had not been effected by the Sinking Fund, no argument could be deduced from those admissions in favour of the Bill before the House. Even'the Right Hort. tient. who spoke • lest admitted that, in his opinion, the Sinking Fund wile none the weree for having been oe:.asionally directed to other purposes than those' for which it had been crented--he had also represented the ;dee of the lion.,Baronet, the Member for the (Neen's County, at; inconsistent in prineipl e w i t h that intoptNi last seer by the H ous e, a nd more likely to produce mischief tten benefit in the County: Ile (Lord A. 11.) would not ens that to apportion 3 millions only to the maintenance of the ainkirgalind, and apply the .remaining 2 millions to the reduction of tasuitiOni wield be the best rineutare ; but it was infinitely preferable to that interned by the Right Honourable Gentleman opmuite.— Ile thought it hard thet the Right :Honourable tientktiirm and the Chancellor of the Exchequer should exeltiim —" see what, a serape we shall be all in unless yea pars. this Bill !" and found thereon an argument in support (Wan imperfect Bill; He thought such, was rather all Ifllair mode of iin ' enneno— When the Bill was offered die other night, he beilexpreited ' his determination to oppose it, and he founded • that determfn.e ' ation on the conviction, that whatever proposal should be made, for reduction of taxation, after that Bill should have passed, .; could not be consistently supported; fig to a certain extent it tied up the hands of Parliament front a further reniisSion 'of' • taxes. lie had hoped that all those lion. Menthols who huti presented petitions to that House complaining . of agricultural ' distress, would have attend e d to t h at Bill, for it was well worthy their attention. Mr. CURING thought that the discussion which the sub.) ect had. undergone wottld be productive of much good, becauae it would bring all parties and the public to a better undoratanding of its merits. It was admitted now, on all hands, that the real amount of Sinking Fund was only three millions. After Snell an acknowledgment from. the Right Hon. Gentleman opposif,ci it was the most clumsy contrivance that he had ever heard di; to call upon the House to piss a Bill, declaring that there w n 't a Sinking Fund of live millions. This was the most strange, way possible, of meeting the doctrines of those who 'said there ought to be no Sinking und. Instead of declaring what its amount really was, in order to conciliate those who demand a reductitat of taxation to the fullest possible extent, they were to tell thtni that the Revenue was two millions snore than its aettial amount. The Right lion. Chancellor of the Exchequer bad congratulated himself upon hawing fotind new relations in that Hoene. .IJor his own part he should always be glad to support any measnre' for the good of the country, lot it come from what able it may. But he would remind the Right lion. Gentleman of anett:rr relation which h e h a d in that — House, and one from which the sooner he was divorced the better*-namely, the sykem of Hs predecessor, the late Chanteller of the Exchequer.—l hear 1)--.110 had left a child at the Right Hon. Gentleman's door turd the Helm would be wine to make ell possible haste in throwing the basket into the river. It was now af , reeti on' the other side that the amount of our Sinking 'Fund was three , millions ; andit had been admitted by his Right Hon. Friend ' below hint (Mr: Tierney), that some Surplus was necessary. • • To those who held the same op i n i on h e would confidently dresahinutelf, and ask whether with our large expermitnre snail an meant was too much for the maintenance of pia,* 'credit. The Hon. Member then argued against the sale of ti.*' • Military pensions, and said he would defy any person to 40/ that the least poasible advantage could be derived front it. .116 felt some difficulty how to act with regard to the B.qh -BO did not see the use of putting it off for fire or' six weeks .tet, had'. been suggested. The sooner our fi nances were pot upon. fie6.l ' and pernianetst footing the better. Yet , he did not know 'tow, • to get rid of the objectionable parts. If the first atnentlittene were negatived, he shotihl move another for the insertion of the words, three millions instead of'five.< it regard to the Pen aims Loans, .be wished the Right Hon. Chancellor of the Cs chequer would exercise the same candour as that which marked all his measures with this ono exception. Either let him de fend it and adopt -the' child, or give it up altogether. The That. Member mom! an Amendment to the effifthe hail ittittett. • IHlSKlSSON'explaintl that he danot city therc were; only three millions applic a bl e t o the extinction of debt, but 'the; there were only three - millions of surplus in'ahtt - , Excheeptqf arising out of the taxes. But be stated that if tho A wield/a were sold, -there would be two . rn Minns More appfleablo to the debt, because they were selling a smaller a - mounta Annuities for a larger: Sir H. PARNELL said that if they wished to raise money by loan, the plan of the Right Hon. Ovntkibun -would' he the brat for that purpose. Rut he contended that nothing could be more absurd than to borrow awe" its that way for paying ,off debt which had been incurred tiyi the very itameayate.m of loans.M r. RICARDO thought there was a great difit.rtatee