The Sun. — London, England, 1816-03-19 00:00:00

II o -... v as becels;vy, teat tale con9ealon „ e ;:t.y,t. i . ! :. the tritgi, 'afithlit dteadful iii ts i binent which was its reward„ebould be elUt distinetly marked, If two or, threknaliiiths'were'iiiffered to intervene i Ve. *teen . the'senteirce and the execittient, 'iii'd crtme i was .no longer 1 etnevnbered .by.the 'molt itit6l p f C They on ly h ear d . t h at po many Ten were to be I hinged, 'and the death of the unforteliate offenders furnisheda: show foil the'idle', and °that was all: The delay of whirl% he complained, it,would Altus be seen, was injurious to the public at large, and it was unneCestary for him to describe to OF house the leelings of the . Persons tinder sentence, who Were kept. for . so,considerable a period in a „ :1 stat e of miserable strspenee. ‘ - - . , The ATTORNEY-GENERAL, in explanation; said, lie , had not asserted there was no inconvenience to be.complained of, as his Right:Hl). and Learned ' Vriend . (Mr. Wynne) had supposed ; he had; on •• enee, which it was desirable to surmonnt, if thi s t m l: e t re e° p n o t s r s 3 i r b Y le . su t i sl i tr the r e tlts e w a s gr un t er a Se7t e c a :ce inc o: n d:l - , , whose sentences were nut to be carried into effect, ,the delay only postponed for 'a time the consider q sttion of their-eases, for the purpose o f CollllllUt ing.the punishment. • . • The.motion was'then agreed to. 1 PROPERTY TAX: • The Order of the Day having Mouse g o i ng i nto a Con ** been read, for the onatee of Ways and M Means, the ! - louse resolved i tse lf i n t o a Com- Inittee. • • . • . Tlie,CHANceuma of the EV:CHEQUER Stild it Was With much swisfaction . that lie at last found - • the period was arrived at which 'he could submit to the calm and scrims ileliheratiou of that House the important question which for many weeks had occupi e d so much of their attention. They were now about to enter upon the considei•ation of that proposition which he had intimated on the. first meeting of Parliament it was his intention to bring before them'—the renewal of the Property ! Tax ; After the most laborious investigation, the louse had given its sanction to the great outline Of that establishment, which they had been in formed would he required for the present year. - They now toalecide on' tee Ways and !leans by which the Supplies granted could be met, end he,.kbew of no one less exceptionable than the re ' )ml%* of the Property Tax. The objections which th e conversation's in that 1 - louse had given rise to, would, lie trusted, be in a great mtastire removed, when the subject .came to beytnore clearly under= stood by the country, 'in' consequence of its hay ing, been brought more distinctly under the donsi aeration of that Huse. He had been repeatedly tidied upon by Petitions from .varioit's - parts of the country, but the duty lie owed the pub: lie had made him feerthe quest iota ought to ho submitted to Parliament,- and by the decision of f Parliument he was content to abide. The Peti , titans : presented from a small portion of the pen- Ple—(Hear, hear, hear!)--comparatively they weer but from a small portion of people— (Hear; hear, hear !)—contained nothing which could induce, hint to change his plan ; and fiat) these conveyed the settee of a 'much • larger pro [ I portion of tlteNation than be believed they did, he should still have thought it his duty to live Parlia Th e o ansopportenity.of*.takingthe subject into its consideratimt, by stating the grotto& on ivitich he lad adopted the project whicie he bad avowed --- r Baying ,paid great , attention to many of the Pe- tit idhs Which had-batn proonted-,, he wetter from abittking the lapwing, of thine could"be held to ex.: press that dellheratejudgment on t Itteinestion which that thillie o, , itiltlettine to, taking a corep'relientlive view orthe,teerits of the case, or &at 4ould hare been given by the Petitioners themselves, had they hod time dispassionately to look i n to it, ae;rl hav ing that io.ormation to guide-them ; • whii:ll would abliklt this; fletibitMS of .Par.liartteet: . He was led ' to this conclusion from'findivg; in almost ell of Ithfhtinion itafottedett compliiiritof a pledgebaving . been violated, which Wltt salletted - to have' been A 44 11 lay Parliament, that this Tax should not be 7 "le l vetl' In the very last Petition 'which had neer) presented, which will most respectable on account of the quarter from which it came, and on atcount of the names attached to it, - this-charge was urge.), and the worthy Alderman who. had brought It np had reiterseted it in the speech which he had made: If this wasone , of the ergo. mews on which he principally 'depended, the House would know how to value his opposition to the measure, and he, when he saw such a state ment as that to which he bad referred, in the Pe tition:which had been presented,' could' not 'hut feadisposed .to consider it as any thing rather klittn - the expression of the deliberate judgment of the Hankers end Traders of the City of London. - The worthy Alderman bad stated this Tax to have originated in consequence of certain •Resoltitions • • come to in'tbe City by the' persons' who framed . ' the Petition which imilitist been brought up. He !sad told *them Mr.' Pitt founded the Incottie Tax on the proceedings in the City, anal pledged hirn *elf that it should 'hot continue in force later th e termination of the war. If ill the orgionenta of the 'Honourable -Baronet had no , better foundation • titan this assertion,. the • House .mould not feel• at a loss how to treat +ammo, The., meeting which ' Was called in I 708, , - bad-ended incertain Resolutions in favour of vo.; ittatary cOntribiitions for the purpose of cal eying on the was', and highly to the honour of the re apeetable:i l; ; 1 ..v.ntio, concerned, in consequence of, ' the '&reps; thui taken 'to assist the Government' of the century, a very considerable stint was 'Sub= scribed. In the succeeding Session of Parliament. Mr. Pitt brought forward a sew meestire, (which boweser lie believed to have been - in his cuptem plation s ome time before),' the object df which trtis to relieVe the money inerket from that great Pressure winch had been thrown- on it by our : funding .'ystete. 'Phis relief eves to be atordo • by raising in the year a. IMICh. larger proportion. of thestapplies than it had been common to oh- Ph) by taxation, With this' view. he introduced 14 - ' ' Er!ilPr Aids soli Lo ' litribatiom, which caused. 4 11 "VY Increase to be made to the Assessed Taxes; and this being remplained of, in tho.next 'year hp brought fortVard. his tux upon income.- In sub.. misting this tax to, Parliament, he (the Chancel lor tit the EXchectiter) wiSbed it to he partieolarli °Ills ""ii; that Mr. Pitt, far irons pledging him self th,at it should tcsminate with th e " r, 144 P")liosed that tor every year it. was continued in torce dario w ; the war:, .' 4 Iti In i lo ( V era " it. s 90 rt. Li II .►. , .. roiinstance, -Ituttlii lie'contintted in i s t's,,e, for three years, for the. purpose of - pro'seenting kire, war,! -it- was his intention tiiietain it , for three years after the conclusion of, a peace. It cliri~»c+c end here ;- 7 not only did Mr. Pitt recommend, thar, for every year o . f war it should be continued fora year in. peace, that in the latter it initt.ht, pa.i off the burden; supposed to be incurred in : the former ;. but he pi oposed to pledge the tax fr.r portion of the loan, very Judah' larger than the produce of, the i tax, in one year.. Thus, for instance . , when a loan of 20,000,0001. whereto be -borrow , l ed, he had recourse to perManent taxes, hot to pay the iverest of foor tnillio us and a half,ot that sum; the charge created by the remaining 15,500,000/., he threw upon the Ineome Tax. The consequence of his acting on this system (which it had been said he had pledged him self should immediately cease on the return of peace); was, ilott when the Treaty of Mucus was concluded, the Income Tax stond itledg ed for, stuns which it would have required eight years to have raid off. At,that period, however, the Tax was given up.• '!'lie Minister of that day (now Lord Sidmoutb) had nut had recourse to that measure, .bitt bad found a substitute for it.— He, proposed a larger addition to . the Permatietit Taxes than had ever been made. before,bod pro posed new duties to 'the imonict of 5,006,000 t.-- On the renewal of the war in 1803, Lord Sidmouth proposed the teuewal of the Income fax, such. as is no w is,-under the - name of the Property Tax No loan was then charged upon it, as hail been formerly done, and it was had recourse to but to strengthen the IVays and Means of the,year. lu 1806, a consider :hie addition belts nt the to it, as it was increased hy the then Cioverument trfint to 10, per cent. On this subject he thottot it tie. cessary to take some notice of certain comments which had been made ou some expessitins which had fallen from hun in one of their late nestiltinv discussions. lie Will ht.eat understood to say the Goveinment of 1806 Ita:4 it in cometOptation to• pledge the Property Tax in time of . Peace. He denied that he skid the NUble Lout, then at the. lwad.of the 'Fri asury, had any desire or wish to continue the Property Tax in time peace,„.. What lie lied mentioned was, that at that time it. , was'not made a. question of'good .faith, but simply one of expediency and iliteret.on. This, by. a :ter , ence to documeins„ hc.proved,w,as. the only:vieW which had been token of it by 'the Administration. of 1806. While b e e spoke of the Noble Persons at thailead of rnatiGeovernaent . with that' sincere 're spect, which C. O. conduct grad always inspired, he felt it necessary to state that no pledge had : been given by them that the-Property Tax should runt be renewed , . He tnett proved, from' a refereti'ee to the debates of 1,506, that the_uresent Treasure! Of . the Navy, himself, and the then Chancellor of - the. Exthequer, hue; concurred thinking the Property Tax might be adeautageously toritintied no a redee:d scale, it this. were not oppos'ed to the general feeling of the pcople,,• lie "then she Wed oat no pledge ,had beta given, last, year, that it ihould not be renewed, • He had then opposed,the thodifications recammendetf, on the gt'olltni, that : these could not be SO well iniroduCed then, wh e n the Tax was to he renewed but for one year ; its at a future Teriod, if 'recourse. should' be had to it again. The time was vow coine'iy t henthese could, be properly co-bidered; IVit6l this Tax was first proposo, it was iuteodeti to e t h e l i looey,mar . kit, 4reatly depressed' by the loivis of 1796 and 1797; Which had together aniOunied. to 56;000,0001 'ln tilt years . lBl4 antllBls, the sums burrowed bad amounted to' no' lesi Than 100 milt lions. Though there WA a totisidei:Able dill'.. recce between the price ot the•Fto.diti4w 'iii 1797, yet, when ti.e 3 - ter cents were 6ttt fil, alter so glorious a peace as he hist, it 'Mist lie seen that something was neethai,i,,• to 'relieve the money ni,rket from its depressed'statt', more especially when the effect of, the peace of Atm. tison it was remenitiered which, iii point of honour, sectiti 7 .. ty, 40:1 efgcao, wag certainly the very opposi . e of the - late pa,:ifie:ition.' The worse .w,itich nisrers tom. pro i :osed to pursue he .held to he not inconsistti'et with trne vcooolny, and' tie tin,teti this would be adMitted by the douse, when the Itedoetions now in progress were properly known. Art Ilonrnirable BdrOttt't bad privosed lout ways of meeting the, eXigenei c s, o f t h e y e a r , b u t aft these 'yen' toborro,t not to raise the stint which was necessarily demanded for the sr; vice of tpe year. The money market, and the coma !tierce of the Country, he emit ended would gt) iii. relief if the mohey were. raised, which it contd . not be hop e d, would be 'afforded to them if • it. Werebartii%ved. Aires a time 4l oan teen in peace might not be improperly called fur, but. this must grow ina of an iMproved state of public et edit and not precede it.' It had ind e ed been said:by Sonic Centime!' that a smal , l.hion wpold rather' animate than depress, the !monied interest this, though he katt great respect for the opinions. otpraetial men, seemed to him rather too pant doxical to merit serious attention: . The Gentlemen who adviled a 10an wer e very likely. to be called Oran to contribute to it, and it mte was raised; and he could itot but think they were nucouscious• ly influenced by a Perception of the. difference be tween it measure that went to take 5 per cent. from their inedine, and one that would add 25 per cent to it. 'He proceeded ,to set forth the, importance of drat relict .which Ise contended' the retiewal of the PropettL Tax' wool_ el afford the commercial and nimitetfriterests of the coentry. The equality and jttliee of the Tax be particularly insisted upon, and claimed for it a superiority over others which pressed with .equal weight on expense, without; reference to the disparity between the met'ins, of individuals. He repeated his statelnent' Of the. modifications which he had it in content' , plati‘M to introduce. These consisted, in making, a tenant pay a third instead of three-fourths of his rental, and ia exempting those whose farms Were tinder the value. of 1001.. per annum, wholly from the operations of the 'Tax, while the duty of 7s. Gil. On each horse used for the purposes of has, bandry was to bit taken off.. it was further his intention,in ease of severe:losses being sustain ed, to „give the c'Unrmssioners the power of making further allowaneeS in favour of the far. titer. , For the merchant,. it WE IS Nils intention • tO, anbieet - birn to no neW inquiry, chose topay,on ; his old :,aisessatent. Those Who. did not appeal itgainst tills within a s.ei,.,sat i . iaely.; . Lied thosc..tr l ao irepeaateseintist give ;it new reteret, andatiAteit to he examineihto their ilf - - mfrs., It % v a s et; ilettna, o i t to t evive the prbeisione of a former. Act, ftle - allostistw the tr.oh.se t ati ao name r.t e ree,. - if belboeight.'piqer. Shiiiil:d. be prefer. going heferei he CommiSsiniters , he. would i:utt,be examined as eederalie pre)eut A , t, het the !' CI ik and one,of the (.', oiniiiis-ioners steected by UtiferorOltei-Wise wonld condoet the itofairy io private, he swore to secrecy, 9nd compelled to destroy Lll tippers and memoranda relating; to the bilsintss. .1n the preamble of the B:il it wits his intention that it should be statA, the Tax was resived for two years to .wind op the expellees of the late war, and to Meet the charges of the first; yeirs of peace. The sent t% !licit: this Tax was : expected to produce . in the two yearS, anti whiCi . e, wnitd he wanting- to wind up the expencus of the war, was 1•2 or 13 000 000/... It %vies calculeted.' that 8 'sr 9,000.000/, would be called for in the pre-, sem year and about 4,500,0001; in the next.. By having recourse to the Property Tax for. this nter , pose, lie looked for a great iinproventent in our finances; .and if this were not ttreetl.to, he could not but expect the country would have to struggle With a lung successitor of ditlicelties. and embar vassments. .13ut some who Were opieiscd to • this measure celled foribreathieg time I , i the country. That was what he wanted. All he asked ..was, . that thenieactire lie had Proposed should be re sorted to, to give the Credit of the country breath-. ilia; time, after the immense burdens which .had heel) I.tid epon it by the loans of the. two. last years, which, as he I, id already stared, had tormented to . 100,000,601. . The Shiking Fund was tq,aal to all-the puepoies tor which it was established; hut it was not equal' to other financial oeerations at present. To touch this now : or take a heet, would not be a safe experimeut. • The country must not he in too great haste to enjoy . the advantages it had gained; it must wait till it attained it situation in whicleit c h ild safely be re lieved front its hurt hens, before it claimed the toll benefit of peace. He Concluded by moving a Resolution, declaring it expedient to renew the Property Tax,, at the rate of fe'e pet tent. . si r W. cuirris oppostal the motions. H c e on• sidered the Preperty Tax it war ta x ' o n ly, and eherefofe one which ought to be discontiened - ie time of.Peuce. Solong . as its inquisitorial anti. oppressiee nature remained, it should Meet With oppoiitiOn.from him. • Mr. W. SNITti would , almost oppose this Tnx in war or in peace. He particularly objected to its inqiiisitoriel operation, with respect to cdm tnercial men'. The proposition of t h e Chancellor Of the Exchequer that merchants should pay on their old iffiessments or' .submit to it newPintpiiry into . their .affairs, he did not approve.. It .was known (bat manthad sestainedgeeitt losses in the present year, and to conceal these - they would pay onlbetrAtil . assessments. The tax world thus become stink upon outgoing rather than income. He dwelt with much warmth on dui hardships endured ender this tax, 'and !ioped if any Milt Gentled:oi 'had been brought over. the Channel to fix . this inspost upon England, that they would pause before they carried this 'design., inn) effect, and reflect, if they acted thtis,whetheriiwas.not probable: the English would soon determine Upon . extending it , to Ireland.-.41e rrueed the Tax to be at variance wit h•sitnost every page of De; Adam Smith, in which he treatir'on what.eliould hello: '• principles of taxation. , Attatt'lje (IX.:A;.Ntstitli) considered would be a less inconvenient mode .of . Me e tin g the espentlittne•otalte year. "He partie ciderly . objected to the Tax, on account. of its pressieg heevy on professional men, whose. in comes not only ceased with life, not only with 14.7slith, 'trot often through caprice or accident.— his:, tt hicoWas one of the greatest hardships sustained tietliVit, the Chancellor of the Ecxelle quer had not proposed to mortify-he hail not seemed to think wort liye.of his consideration at , all. • lie deuied the truth of the aasation so often Male, that it tell upon the, rich and lica upon the . poor: lile'ln'coine Tax was a conscription upon property, HIM ass imposed by Mr. Pitt, was as ty raimieal es that, of Btioneparte,,upoe men. He shied!' not enter into detads ; this was diet the proper tittle, and lie was confident that time would oever.`coltie.• but !hit on Chic Very first • question ql s is adieus's-art wank' be lest.---(Cries of ,Ques tion.) . , . . • , ' Mr. ROSP.'got up in theanid s t o f repeated cries of question', which frequently interrupted his anerch; 'lnd rendered the greatest. pare of it jnatt &tile. lie defended the conduct 'of Mr. Pitt, who when he had (mitre to the adininistratiOn of the country, had toned it . exhallsed by the 'conse quences of time AilltPleall War, With all unfiltered ' debt of 2G nililionsao provide for ; yet, with small means he had 511ritiOhrited those difficulties. ' In 1797 the funds had fallen; under the pressnre of - repeated luau s , teed 7 anti a frecrion. It:was them 11r. - ,Pitt reierted to tlte.Property. Taxro r;dieee then), and on the Ist. of January, . l'illS, it was proposed. - Its etftict had . ansetierett 'his expecca liolll, }lnd the .titaillS had leenVered. 'Neither could he intend it as a War Tax only„ as he had Mote eaged it for filly•slx millions of debt, which Mr :Addington had tended.. The country was niter in et situation to render:it impottsibleto Withhold this, Tex, than which it was impossible fur the mind of man to sleviSe one more equal. , ~.• • ' Mr. WHITSIIM KatNE. rose, in the midst of the sionehuerruptions. All we could understood was, that he conceived that., acctuding to the pre" ' sent tomplic'ated system of taxation, the people paid 931. inevery 1001. and that it would be prefer able to abolish all other taxes,.'anti to double the Pioperty `l;'are. The pockets of the country world. then be relieved, and every. man would be .per feetly contented. .• Mr. HART. DAVIrs considered that the Property Tax was destined to Wipit up the expenses of the war, end theretore completelsejestifiable. He toad listened with Weestste' to the luminous explana tion given by the Chancellor of . the Exchequer; but lie wished. to be informed On one. point,, whe ther, tli tex would be exacted from landlord* who. could prove that they liad received_ no rent. He thought Itis . ,Majesty's Minions,' he meant Mini- . sters—(laughter)—had taken a wise precaution, alter is war of meaty years, to propose the Pro perty Tax, in orde r t o: %and up'ils expenses . It would give them time to reviSe their . Whole fittan eiel .syStern,:'and , tetthle thtins . totelieve the people upon theltii!ttry. . Th e effANcr-la.. of,the ,ctir - cv.;te ex I.' • p Jul v4l, Om !i . ,. hij eli ded ! 0 intr•ol , ce cl Oka ro ndirvqlitmlio wh o . 1 1 , ,t11;1 not , ha'Vere , - (.eir,•(l their tents, through they f ighr. or tits in. ! tiol ency of tlieir tenants,:--q(;ries of Question.) Mr. 13A0brorflluled * to Site Right nolionrable, Trelslirer of the N'ar'y its the too general gyrist of all taxes end all tax-gal l ierers. Plchati no doubt that the llou, Alitit t her for .13ristol. (Av. )-fart ,Drvics).i.ad strong rea.stMs. for nutiipft sisidCt lii.petitioni of his eoits;i:trients, btu he festal thlTnever woull fi'od out how the Property Tax , t.Ol l l/1 ',rise the val ue of their cows ft out to 11/. lie calks.) upon „the HOn. Geniis man to, observe, that 'contrary to Ida assertion, the. ChancellOT or Oe E*elieqocr had slot ~ pie(igiol himself to continee the,T aN for, tw'o oisly,, The object of Aliiiisters was to, have prina ciple of the Property :nix onset .fiXell in Onto of peace, and then the country wonid :never see its end. knight ITRnotinible ticinasa heti compared the period of 1,797 wish the present, Bitt there was HO an:4l . olv here, co Lie p t, frs° 1797 there Was a . pn Exi:itNy..s. , rick Cutttry. It was then necessary to drtw tins wealth. of the country Into, the heyter. But now .There was. a rich .Exchesper and a poor country, 4ild ant: - . 50 oe I.estow-. ed on the Country . 8.11 not on the Exr . heqeer....... The finances of, theeountry.went eat ~ety toll'; there was no (facility in horrotving, 110 :le this-. trees of every . cl.t & wits to he met, not by taking' more money put of their pockets", hut . by taking off taxes.—The Chancellor of the ler treate.l the conntryes ft set of pampers.- The..y not .want to burrow money, but a se . ri.zet son !heir produce.. lie denied that the au •tIS‘ were .it at state of depression. They ytel,led at thk moment more tlistr_ five" per cent. They were far more likely to:he affected by.* shrinking of the pro, , pert y of the count iy, when. people %lonic] be so. reduced as. to sell their st or Ks, out of the 13 ink.. The effect Produced, bya . . loan of .nine rn )Bona ! would bonothing it(enjori , Jni, nod in one week, or two, would n o t b e felt ',in circulation. He woe'd he the last however: to. recommend but Exchequer Bills might . he issued, anitaffoat• ; ins :leht. created to be funded tit more favour-, able opportunity. The, C.lnitkeellor, of the chequer had shewed-notioanenti tiecelsity for the Tax. If -he •wanted it only two' yejs z ,...sop,-, nosing' his former pledges, gootl, he tnight,raise, his ten millions iu a different mainter. If hb took five per cent, from..the:Sinking .I ,l t.irel, the whole • hut-then would he One million,' The tinirstintx ; therefore wits, whether it would be prefer/TA tO, revive this oppressive Tax, loailedwith the exe cration of the country ; to Sacrifiee 'the etl:Crt&ter of Parliament ; or to take oueqnillion '604 the twelve millions' of the Sitiking.Fand. Lord CAST.I.E.REAGH assured the. !douse, that • nothing, hut , * strong,sensei.of...duty coulttiddine the government to risk losing ehe.taVour'ertho; Country, and.twoppose itself toit4.natural desire to be relieved from turn then' backs on their own duty , it-,they, gave • up the paidtil -task:. Helm& .thehighest repeet for•the petitions of the 'pe o pl e ; b u t it wpfe'nkbe-: . 70 1 1,0 its . wells that Parliament -Were ,to.seek..for . guides in the.executioteof theirrlu.s.. When he lookedit the Pei it ionS theinselybov„'he eves tent di -' posed . to the COsintry turn its- back on that finstsielal sysetern Carried itothrimgh He waS tine t :c astonished at the number or the stature of the E cl titions presented ti, 'the House:, 111 , any.,,tlf-titeitt contained e , itritneous ma:tet, , which if. attended, to would shake the security of : the empire to its fontobition, The meetingS had nOt'beell called to ' (lb , clists tlie 'Property Tax • alone. It 11,1,1 been' mentioned . bienuse it was a p:lplitr tpoti t 6, wield, hot had been used only to introduce ; , th'er seritiMents:. - He sheirld mention-ae-titi liottimeeW certain meeting, where an -lion. Gent, opposite (Mr. lipmgluvm) had' conic 'to sprat: against the Property Tax,'esid havl_nyt, 'Lim able to obtain a hearing. solittle wits.the Tax itself the.nbieet .of the meeting.' He'centended that only oire-fiinillf 'of the counties of Great Britain had petitiorted• There were 90 counties. and duly 19 had expresi.ed their sentiments. There were. in all +shout 400 Peel tions arnd one-third oft hose had come from Counties, for the habit , oflietitioning by pail:sites . ,1414 hem' lately.adopted ; 130 „had ; thus lie6 l projittrefl'hy( DeyonShire and ..11iitHleex„..and'200 conittiesi. The commercial towns wesle 'opinion. When lie reflected :on the conrse lowed hy..the lientlertien • oppiillt, of! •,,thcir ti . t ,, fluence in" the, Cotintry; and WO' ends atones . by , ClaMostr to persuade the peOple that his Nltijestv's' Ministers were ' . guilt i t of a breach • of l'icitir; 'fat' front being astonishe ast.the nitioberiptpetitions, he only,wondereii,iltat,it wee" nest. niMeisoosider.. He o wned,that theve , wktbkis troop; e%pectett iota throughout theeountry, thattliefaxtwould termi- - Date,with the , war (Hear, hearl)z-Littod it it could be done, consistently with their duty ro the nation, Miniitero would,hebotinit :to do.it. Bet it was it delnooli th say', tlitit't hey Were pledged to 'i;c urns thine the'Tax - with . the war ; so far from. its b.etng ut contCmplation., 7 all'Administrations hail inte.nst ed to mortgage it in time of - peace.. 'lle then V**. peated Unit 'Lords Grenville artittlenry n have had that- in view when . they prolso3,l their plan of linaice, and therefore coals) not . csmottler it no"si breach of ftlith..' He eobtenilitt , that his Right tion..,Ftlent! tile Chancellor of, the Exehei, quer had tlOinctly stated that the Property Tae would be Only wanted for two years. Hi would, in round numberi', explain the financial t t of the wintry. lts.expenditure this year would he 30 millions, but next .ear only .20 millions Sterling. VIII` clear revenue In Annual .'taxes and littrplo of . theConsolldated'Fand !vas six,rnillians: Out of 24 millions of , War Taxes," only two Ilona and a -half were mortmed 21,4500,0U0i, therefore still remained, which, with the six mil-. )inns already mentioned, would form; 28;000;0001: to meet an expenditure of 30,000,0001. It was now intended to remit eight itliiiitms at taxes t? , , the people, or nearly one-thiki of the revenue. whteli most . be inside uft this year by the arlvt4iCe from theliank, and the surplus of the Consoli t ha. . • ed Fund. The reduction of the Property Tex to five, per cent. and the removraof one miliiau Of taxes ••trOm th'e ;, g , ie,sh vrotlil ' own 014• clear revenue to 14 ; 000;000h pelt eA