The Sun. — London, England, 1819-06-10 00:00:00

if); ° • !ant, tint only on account of the debt it would • liquidate, .but from the:moral effect it would pro d.uce,lt could not be other than highly beneficial to the country ; and supposing a disposition to exist On the part, of other Powers (which God fr4bid, should be 'the fact) to injure England, he should like ,to know if any country in the world, seem g' us •with the Sinking Fund which It was proposed we should have, would he t'empted to venture on any aggression against till& country, presuming on the state of its fiances. He then noticed the conduct of the kauk in refusing longer to continue that accom modation to the public which they had afforded 41nring the last five and twenty years, by feu:W.' rating. the payment of the instalments required by 'he Oovernment for the Loan.. He was glad the =1 ';k had acted as they had, for they would now, -if he were not Much mistaken, see the ease with vdtich the public could tto without them. This 'was one reason why he was glad of the course they had taken ; and another reason was this, that the Bank W S now seen in its proper co lours. He did not mean to say that among - the Bank Directors there were not Gentitmett eritided to the very highest respect. He knew, on the authority of a Member of the Court of Directors, that an Honourable Gentle- Than in that House had opposed the course they were now taking, and that the Court had been divided on the question But whatever his' re- spect for the Hot). Gentleman, or for other Metn-; berg of the Court, might be, he must look at and, sPeak o f t h e acts o f t h e C or p orat i on accor di ng to itis sense -hf duly. On the present occasion he stiought there wig a littleness and a low7minded- 'items in their conduct which merited severe repre• 'tension. The Situation in which the Bank had mood with respect to the Government for the last twenty-five yeats,, had given the Directors such :exalted notions, that 110 v an attempt was made by Ministers to break their fetters. Such con linef was resented as an. offence against their high end sovereign authority. He congratulated, the Ils - mbers of the Government on their lia%iog emancipated themselves from such tyranny, and Alive his approbation to the plan of the Chancel lor of ,the Exchequer fur augmenting the Sinking Fund. Mr. MANNING, after the notice given within the lass two days, thought the Hon. Gentleman, A• h o ltßtl just sat down, might have ab4tained Ruin , 4etio g the observations they had just heard.— coinpliniented one of the Directors in that llethsc on his -conduct, but be (Mr. Manning) _c:.old not accept a compliment on such terms, and Fished lot to he commended at the ex pence of those with , whom he -acted. The information which the kiun. Mender had obtained, he conid only have obtained through a breach of coo 64nee on the part of the person by whom it tvas communicated. It was necessary that he thould ‘say, on the part of his colleagues, that „Whatever the decisioo might be to which they ./lad com e , ,it'iras foioided on a spirit or hos!i ,lity to his illajes y's G,Ve t !intent. He should Lave expected .he coon net of the Bank in the .Dtesent iost,lnce ‘eend:l hi% - e met with Ole appro tAtion of this Honourable Gen:leman who had so 4 everely censured it, as it' was calculated to give them that controul over the issues of their notes, *hi c ii it was contended they ought to possess. Whatever his (Mr. Mooning's) conduct might l'aVe been iu the Court of Directors, he was uotind to take his full share of resposibility for the course Which had been determined upon. He was /lure whatever might be thought of the decision Miry h a d recently come to, the Bank would be fo und anxious to give effect to the wishes of that Alouse ; and whatever they might be reproached '*ith, they would not throw out of their consi ,deration the welfare of the country. - 11Ir. Pa ace protested against the in!olerable, !thealled- for, and unprovoked attack which had 'seen m a d e on the Bank. He would not impute to the Hon. Gentleman by whom it had been Made -any feelings of pione-or of revenge, but he Ihooglit the course he had pursued eras not justi 'ltd by the civcomstances of the case.. Mr MELLISEI,saidi .11 be knew from whom the ' 111)11 . Member •hitd-obtained his information re flPectiag the p r o ce edi ngs of the D irectors of . 1 ," Batik, he. would to-morrow move that 4 ,„" 0. 'person -should be turned out of the -'w9tirt. He' vindicated' the conduct of the Core Pwation, and far from being ashamed of be longing to the body of Directors, he exult -1.1.d in the belief th a t the C oun t r y a t l arge Thr ew they• h a d d one t h e i r d ut y- : The various t ualges brought . against the Bank lie briefly no teed, and shosied them to be so far at variance destroy each other. t i wt r•GRENFELLItoitI, the information he had ob tlled of the proceedings of the Court of .Direc ,,,-ri"Ns given to him and to several other Cientle ten b tilty a Member of the Court, in the public without any imposition of secresy. Mr PROTHeROI3 declared his belief that the *l4llk- bitectirrs were incapable of acting from the - t (mi vei whicb• had been imputed to thent. He i n st coofident they wou ld f ee l p l easur e i n promot • tk g .s ; ibe best i n t eres t s o f t h e countr y. H e ap te"'"f the propositions which bad this night ert !'ohmitted to the House. It had been said ithit'klinisters were afraid to bring forward those mea sures which th e p resent s i tuat i on o f t h e counr - Y Pet:piked; and-adv erse as h e was to a ll tempo zing exp e di ents, he felt himself bound to stand b y the Chancellor of the Exchequer, when he _ v alue d own w i th such plans as he bad submitted !0 Parliament. J. NEWPORT approved of the conduct of the :7 ok on the present occasion. He did not think th e count r y in to condition to bear new taxes. The .. _ t 1 17 duties were to extend to Ireland, with the Nxteud e x ceptio n of the tax on spirits, which was not to to Scotland and Ireland. The malt duty, Was not to extend to them. Now he th ought it w as of the greatest importance to en tr": Page . ; by 'every p oss ibl e means , t h e consump o'T ' l 4 porter i n I re l and; and how the new duty to4lt would Operate, unaccompaoied by a duty tpirits, he lett it to the Chancellor of the Ex efttitier 10 consider, alr• ELNNBT Said, those who accustomed them trlve for 5 : to look at t h e f i nancial state Of the country th4t , i , nse ye ars past, could hardly have expected to e should have come out of our difficulties , A %II as w e had. He had not expected to flail th e eountry, ‘sesged of :a clear suiplus;Terque:oi 2,000,0001. 1-le, hola;ever, showed that fails haci 'hee'n - brOlien With the stockholder and with the 4y a blie; -the Sioking Fund' having been reduced from 21,000,0001. to what it was, and 7,000,0001'. of War Taxes having been imposed in time of peace. He did not see what there was in the pre sent situation of the country that should lead us to expect the revenue would not decline from what it was at ptesent. What reason had we to suppose the revenue would he the same in 1820 as it was in 1519. What was there in our present situ ation to distinguish it materially front that in which we found ourselves in 1816, when a defalcation took place in the income of the country to the amount of 5,000,0001. He objected to the imposition of new taxes, and, far how supporting them, was ready to %ote for the repeal of those which now pressed most heavy on the people. Jo every part of the country the greatest distress prevailed, and if new taxes were imposed in the present condi tion of the people, it might be feared that they would goad misery to madness, and it was possible to answer for the consequences. He thought those who voted for new taxes, if this were tlie ‘ last Session of the present Parliament, would act differently from a dread of meeting their constituents after giving their sapport to such pro positions. Mr. NI ANSF/ELD begged to trouble the House with a very tew observations, in consequence of what had fallen from the Hon. Member who had just sat down. He could assure t he House that he was no less unwilling than that Hon. Mem ber to impose burthens On the people ; but, itn pressed with the necessity of supporting the financial credit of th e Country, he should feel bound to concur in the raising such au amount of New Taxes as might effect this most important purpose. Knowing, however, how truly the Honourable Gentlemau had described the dis tress which very generally pervaded the lois er classes of society, he called upon the House matt fully and pattiotically to come forwatd and take the load upon themselves. He was fully convinced of the proprie y of what he had long thought would he the most efficient tax to relieve the country from its difficulties, without adding to those already felt by the many 3 and he hoped the House would be 'disposed to set a splendid rxittnple of disinterestedness and feeling for the distress of the lower orders, by calling upon Government to lay a property tax to the amount of the duties now propoted. He distiocly ureaot a property - anti not an income tax—:l tax which shoot(' fall upon the landlord and fundholder, who were able, and not on those who were unable to hear it, viz. the tenant, the at lizan, awl the meciranic. In'every point of view, such a tax appeared to him far prefer able, an d he was BM aShatiled to avow his preference to it, notwithstanding the appeal to his Coosti toetos. to which die Hon. INlernber had so point edly alluded. He thought the Gentlemen oppo site would best evince the-sincerity of their feel ing for the distresses of the country, by support ing such a Property Tax. If, however, the House resisted it, he should feel compelled to vote for those now proposed, as the only means offered for mainttnance of the financial credit of the country ; and from a belief that they bore as lightly upon the people as any to the same extent could do, except that the suggestion of which he now threw out for the consideration of the House. • lkir. CARTWRIGHT approved of the principle of what had been said by the last Speaker on the subject of a property tax, but the burden now proposed was ligoter than a property tax could be, and less oppressive imposts could not, in his opi nion, be devised, than those selecied by the Right Hon. Gentleman. When the Hon. Member op posite complained of the war taxes which had been continued, he ought not to have kept out of sight the fact, that the people, at the termination of the tvar, had , been relieved froth taxation to the amount of eighteen millions. . Mr. J. P. GRANT inquired why a part of the Sioking.Fund of Ireland had not been applied to the Loan of the present year. The operation, of she Euglish Sinking Fund might, he thought, have tae effect of causing great transfers of property to be made to Ireland with advantage. Care ought to - be taken to guard against nuy inconvewieace from this source. Now, with respect to what had been said of the flonrishingstateot the country, he would offer a few words. Though he believed it would always be able to cope with every ieviry, and though he would be the last to moderate its means when it was threatened with an hostile, at tack, yet it was wholesome that we ourselves should see the true irate of our affairs. The Right llooonrable Gentleman had said we should now, he trusted, have no occasion for more loans or new taxes. Did he forget that three millions of our present revenue arose: from War Taxes which he himself, considering them as such, had only proposed that they shoold continue till 1820 or 1821 ; and when it was remembered that the ap parently. flourishing state of the revenue in last January was oily the result of over-tradiug, which was most injarioui to the contory., r he did not think all that exultation warranted which bud been expressed. The CHANCELLOR of the EXCHEQUER explained the importance of preserving undiminished .the 'Sinking Fund of Ireland. There was one other point upou which he wished to say. a few words— namely, the expectations which were to be enter tained as to the future state of the revenue. lie was the more anxious to do so in consequence of what he had stated on this subject in the former debate. On that occasion he had mentioned that some small diminution had been perceptible in the revenue during the last quarter. This bad cer tainly appeared from the accounts as made up at the time when he spoke ; but lie was happy to be able now to state to the House, that up to the time when he spoke the diminution had been made good.—(Hear, hear, hear !)—The balance had been turned within the last few days, and the amount of the revenue in the last .quarter was as great as in any preceding one. This clearly showed that the small diminution which he had referred to on Monday was merely accidental, aid that there was no reason to apprehend that the revenue of the present year would he hinny degree diminished, as compared with, the periods in which it had been most flourishing.—(l-l ea - r , hear, hear would of course In rash to sot. , 3 , e . late on any increase in the "present year ; tint, ►tt the *line time. he saw no teason to suppose that the nrnonnt of the revenue for the remainder of it would be in any dt.gece 'deereased.—(llear, hear, hear Y.) Mr. J. P. GRANT said, that_he could not under stand in wha't way the transfer of stock from Ire land could add ro the capital or the debt. What advantage could there be in having two stocks at different rates of, interest As 4o the state of the revenue, he must remind the Right Hon. Gentle man, that in the disastrous year of 1811 i, ts lien he reckoned on an increase at the revenue, it had turned out that there was awactual decrease. - He begged to ask, the Right 1100. Gentleman, whether in the present quarter a large advance had not beets made to the revenue from the East India Company ? The CHANCELLOR of the ExonFiILIER said, it was certainly true that within the last week a large payment had been made into the Exchequer by the East India Company, bat it was not in cluded in the at-collot of the state of the revenue which he had just given. Sir RottEtyr \VJLsoN said, he should not obey the instruction's of his constituents, or think he discharged his duty, if he did not now state his determination to oppose all the. intended new taxes. If he was capable of wishing to see do mestic disturbances agitate the conntfy, he could not think any thing more suited to this purpose than all the measures adopted by his Majesty's Ministers. Taxation bud certain limits, and could .not be pressed beyond what the people could bear Whenever the oppression became too great, resistance must follow. It would not do to say that the stock-hoider's interest required that new taxes should be imposed ; and that to support them, there should he brought for ward all army of tax-gatherers, with foot nntrdragoon guards in their rear. Night did not more sorely follow day, than resistance follomed ta.xation. This was ex emplitied by What had happened in France, in l'riosi t, and at the Cape of Good Hope., while he seas there himself. The sante thing had also happened in the island of Ct•ylon. Ile mairvaiu— ed that by proper mana,:ement the Colonial Re venue could be made suffici, , nt to answer the ex pences ot• the Colonies. If no other Member would ,(1 0 so, lie should feel it his duty to divide the House on each tax, seriatim. Mr. CALCRAFT said, the more he considered the proposed new . Taxes, the more object ional& did they seem : he was therefore resolved to avail himself of every constitutional mode fur oppo,iag them. At the saint- time he must say, that he thought the Sinking Find should certainly amount at least to 5,000,000 L As to what had been said of Ministers being goaded on to the present mea sures, and of his friends hiving hinted roood against the Nlinisters so soon as the naked state of the country had been exposed, he most ob serve, that no exposure had been made beyond what was contained in the Finance Report, ex cept whet was mentioned in the Report ou the affairs of the Bank ;relative to the amount of Go vernment securities in the hands of the Bank.— The sure mode of providing an adequate Sinking Fond was by economy rind retrenchment. . With this view he thought the Army Estimates bad been of an noreasonable amount. Mr. Alderman WOOO said be had received no instructions from his Constituents relative to the new taxes, nor did he think it necessary that he should, becaose he had lived long enough in - the City of London to know that they were quite un able to hear any addition to the taxes. The only mode of providing a proper Sinking Fund was by economy *toil retrenchment iii all the establish ments, especially the Army and the Ordnance. Mr. Ibnattoo said, that when , a Sinking Fund was provided, there was always a (loner of its being applied by the Ministers to the exigencies of the public service. No man felt the necessity of redwing the National Debt more than himself, or felt it more a mill-stone hanging upon the.coon try and Oppressing its energies. Lie would not, however, 'Wish tO.• have recourSt to a Property Tax for the purpose of reducing this debt,. be:. cause a Property Tax, like every other Tax, was heavy pressure upon the resources of the nation. But he must sap that lie would agree to give up a treat proportion of his own property towards tire reduction of the National Debt, if others would do the same thing. For it must be felt that the opera tion of the National Debt, at its pressent enorao4S 'amount, prevented the wealth of the country front being employed in the most prodtretive way., With these views he could not approseof the measures now adopted by the Governoieut; But at the same time he must express his sense of the credit which was dne_to the Right Honourable Chan cellor of the Exchequer for the mode in which he had conducted the financial meesures within the last few days.—(Laughter.)--He spoke as a Memherof• Parliament.—(Hear, hear, hear !) But lie most say that he thought mod, credit was also due to 10i Honourable friend (Mr. Grenfell), for having• so long persisted in rei_ounnending those measures which the Chancellor of the Ex chequer had at length adopted. Mr. GIiy.NFELL wished to know whether be was right in his understanding of the measures in tended: to be adopted with 'r'espect to the Sinking Fund. What he understood was, that for thelu- Imre on part of the Sinking Fund, upon borrowed money, should be applied, for the purpose of ac cumulating, to reduce that debt. It had been said by one lion. Member, that the application of the Sinking Fund would be a breach of faith with the public creditor. But this could not be the case, because what had been 'done was no more than what . was expressly authorised by Mr. Fox'S clause to the Sinking Fund Act. That it was not felt to be a breach of faith by the. public creditor was evident from the effect which had been pro duced upon the price of time Funds. 11r.•111CARD - 0 begged to know whether it was intended to continue the- plan of appropriating part of the Sinking Fund to the expences of the current time in the next 'year, or whether it was merely adnpted for the present year, without any intention of.continning it longer. _ The.CLIANCEI.I.OII of the EXCHFQUAR begged it might he distinctly noderottod, that' by whdt he might now sky he should lint in any degree pledge himself as to the plan of Einanee which he might adopt tor the next year.--(Flcar, hear, hear !) He should, therefore., with this reservation, reca pitulate the statement which he iced already made on this subject. lie had stated that the stint which it might be necessary to raise for the plies of next year, world be about 11,000,0001. If to this another 1,000,0001. was ,ul.led for con tingencies, and the amliint were taken from the Sinking Fund, 5,000.0001. would remain for that fund, and only 4,000,0001. would remain to be raised by loan. Mr. GRENFeLL wished to know whether the Chancellor of the Exchequer had made up his mind as to the bonus .01 SOW. per million, which had been usually s.allOwed to the 134nk upon . a loan, and whether it was to be continued on the re3ent loan ? It so, he teal tesolved to submit to the House a motion upon the sohiee•t. The CHANCELLOR of the EXCHRQUER said he had not ,come to any definitive resolution on the sub. .jeet, hitt that at pri-sent he did not see reason for departing from the old practice. Several of the Resolutions were then agreed ro. On the question being pot on the Resolution for the State Lotteries, the Committee divided:- - Ayes 117 Dues Majority for the Resolution.... The question being then put on the Resolution for increasing the Mal«tuty, Mr. GOOCH said, 'that after having voted for the general Finance Resolutions of the Chancellor of the Exchequer, it gave him great pain to oppose this, which leas one of the principal ntearis by which he meant to provide for the tittp plies voted. But ha felt it his duty to oppose it, on this prin ciple, that it was an unreasonable oppression upon the agri cultural interest. That interest he looked upon as the main support of the nation, yet it hid been onreasonahly over looked and neglected. The Corn Bill he looked ,up.n as a dead letter. It was in fact mo encouragement what:•ver to the agricultural interest. Yet this tax was now pr., rased, which would have the inevitable effect of oppressing that part of the community. The Chancellor of the ',xclicquer iatleed sail, that this tax would not iitlect any dais of the com munity. This indeed ...was a rare quail inn in a tax.--- Mrar, bear!) —lint it it was n-t felt by the farmer, it would he feit by the eonsumers, win) wet c principally of the Mho:lr ing elases. He was t her:fore res+ll red, tha: when the lilt was brought in for this tax, he would divide the House upon it. Mr. BUXTON rose to vindicate the brewers from the im putations cast upon them by the Chancellor of the Eechequer. He owned that he, felt exceeding great indignation on tine subject, but that hr would u t exceed the huonds of Ow re spect which was due to the House met to the. Right teen. Gentleman, if he gave the most direct contradiction which the Emslish ianenage could afford to the statement welch bad liven made relative to the brewery by the Chancellor of the Exchequer on Monday uigiit. Mr. BROGDEN. (the , Chairman) rose to order. It was a rule, that it was irregular for stay Member to allude to lan guage which had been used by any other Member en a former delte,. It was of cietree. for the. Committee tonic eide whe ther they %smith! ast .tepeti this rule.. • Mr. A-Alt Gelway) thought it would he very incon veilista for the. House• to. aet upon this rule.—(Cries of Question, quest ion !") Mr. BUXTON said, that if any Hen. Member on ant- for mer ((erasion made a statement ituputhig _the-164h price of porter to•the rapacity of the brewers, that statement was un founded.- brewers were a esetenniated and devoted race of meneee(Leughter.)—The truth was, that on several occa sions, wheit'tle price of molt hail risen 20s. per quarter, they had riti,ed the beer :oily Tits. Phis wits not dour, he must admit, front any feeling of compassioe towards the public . , hut was the effect of competition. As to the general taxes Which were now ploposed, he entertained opinions, in one respect, different front the Hon. Members opposite; in other respects, differeet front Hon. Members near hint ; mut, other respects, different front almost every man iii the court iry.—(Laue,hter.)—However ludicrous this might appear, he thought it.his duty to stale it plainly; and he wasnsitt afraid to avow, that he thought this oils. of the most proper periods for raisins!, new taxes. It was indispensibly necessary fur the security of the country, that an adeqeate revenue should be raised. •But he decidedly objected to the Malt Tax, as fall; iug almost exclusively upon the lower eiders. The CHANCELLOR of the EXCHEQUER said, that none of the taxes which he had proposed were intended to fall upon the poor for the purpose of securing the property of the rich. The threat object of these taxes was ultim.lze relief and imme diate security to the whole nation.—(Loud cheerin g; .) —As to what had been said with. so much warinte by the Honourable Geetleman who spoke last, he must observe that he had cast no such aspersionenpou brewers as was supposed.. if indeed it could be supposed that Le was in any degree concerned in the private calumnies ;spinet that class, then he could under stand the warmth of the lion. Gentleman. tut he was not aware that he bad made any statement which called for any warmth beyond difference of opiaion. Ali the stateineets which he had made were from the best authority. tic had said that the country had not experienced the relief which was expected front the remove/ of the War Malt Tax; and as an instance of this he observed, that the price of potter had not been reduced. At tile same time it Was rather strange that Ire had . been twice initromental in bringing out lite secret, that the price of porter was to be reduced. Mr. WODEHOUSE rove to oppose the present tax, not front a feeling ;het it was unitecessary, but heeettse he thmight. it would he exceedingly impolitic, because bleb!) , injurious to the interests of the cooetry, to itnpoee any tax which might operate to discourage or oppress the grower of corn. It was only within the last year that the importation of foreign barley had been of gt eat iaintmet, anti yet it- wits at this very time that a new tax was laid upon t his article. Mr. CALVERT - thon i ght that the taxes proposed by the Chsaeollor of the Exchequer were the most ohjectomable.that could he Vroposed. That ou molt was partieolerly oejeetion able, as affecting the lower orders exclusively; ter he was sorry to say that the liquors manufactured from malt wrre not so much consumed by the higher class as he could wise (Lauehtete)—The tax on tee, tohaccte and the other articles, were ohjectemabie for the same reason, because they•wouid fell (hiedy upon the lower orders. The Itiget Hon. Greittle man was completely wrong in all hie statements on winch he lowlifed his impntations:tgainst the breweN. Mr. HUMUS:SON said he was not at all surprised at the indignation with which the Hon. Gentleman who spoke last, anti another Hon. Gentleman, had expressed themselves on the subject of the imputations against the Brewers ; but it was renetrkable that all on which his Right Hon. Friend founded his (Onion of the expediency of the Tax on Malt, remained uneontradicted by those Hon. Gentlemen : namely, that Ilse imposition of this tax would not raise the price of porter.—(Hear, hear, hear!) it appeared from the state ments of the•Hou. Gentlemen, that the Brewers, so far from being justly liable to the imputation of rapacity,were obliged to sell beer at a price which occasioned a heavy loss to them, olt account of the' - effect of competition. Let the Hituse only recollect what sort of competition bad taken placer among this very I collect able class of persons :—A meeting was field some time ago by the Brewers, at which they came to a resolution not to lower the pi ice o: porter. Ilk was time competition hear, hear 1)—It was a meeting of the competitors, andel) agreementamong thein.—(Hear, bear 9 IL was certainly impossible to expect, even w hru it was ad mitted that a certain sum :oust he raised by taxes, SO tied :any vexes which would not be objected -to by that class on hunt they would principally fail. It was therefore no weeder teat varioas objections had been started to the taxes new priieesed. Mr:G. LAMB had inn hesitation in declaring, that. it mould require ten or twenty brewers, hacked even lay the Clince!lor of the Exchequer, to peove to him that the taxi on Malt w o uld nnt fall ultimately oat the consumer. It was idle and absurd to eutentain difkrunt sentiments ; therefore his cou,itituents would sidret and consecitiently it was his fluty to oppose it. Rut lie had an additional reason fur opposing it. The tex would fall heavilyou the coninnsuity at large. It would deprive the lower classes of the people, now languishing and groaning under their burdens, of that eesential beverage of life. But admittine, for the sake, of argument, that the price would coutitme at its present standard, what pledge fins the Chanceller of the Exchequer the people that it will not he reduced its quality ? Some two years ago, the price was net reduced, but the quality was, iwpruved ; but, in this case, the quality would •be reduced, if Clue price was mot raised. He be lieved, however,. that. the public would suffer butts ways, and that time Weuld Ise a wonderful' reduction in quali ty, With a coosiderable:rise, ill price. Instead of oppressieg the lower classes of the people, there should be teL in every Depattnient of the State. When Ministers came forward with the large retrenchments long expeteet by the people, he winad then be• inclined to support theme INeithet he nor any Geetleinaa on his side of the House wish ed for any enetiestitutienal 0)6(1p - tient of the privileges or prerogative of tin... Crown. They wanted to maintain it in its utmost dignity and splendour; nor did be meats, et this lime. to adept sir. Genoiee's maxitu; but while be approved of which ectilbla With le bad Id. no I~t~tt iris Prices 1 - I►im, ci lade aC )r 251. le last 117 the s then• ts 96.1; resuic .3 17 4 10 ° 5 13 5 S 4 0 10 4 ! in fa' rice Of was Of borne Further Id turn s ever/ t reefo ening , hear!) ice be" bat the SANIeI liesent i n the A 11 inlia. Ile oat. had to le dutc end or stAlitig e pro` Kith w paid e to 11 cello' e venlig' effec C con• con' ) f . the at the d with t a _t,ig "y U 1 gals coL It trado Id gi Ve re OVer its WV. ;r cessol sure to migh t to (11 0 (life lie t; iftY, 1111 d ew Thine d what ►e s►+b' ted fat ;aid, id ba ll e yell" f , O e arg e see) exceed traPi e . 4 noi(0 ;0 130 11 - - ot be i be 99 tC tnlpt 4- f b e ne :owe to c otio - he ste? ►e >f tii° r tart' icli tiO meld' was fat ~~iicur a 3t. tllsl rencl►' ),00 01; ountll • e or' iXeS• I f * ~l