The Sun. — London, England, 1828-07-12 00:00:00

SPIRIT OF THE PUBLIC JOURNALS. List night produced that which was once the sub - J e et of much interest, but is now little better-than a s queezed orange, the frame of an exploded fire work-- we mean the Budget—the chief matter of which has been let off and exhausted in the course i~file Session. One peculiarity, however , a ttends e present exposition of the financial state of the country. The Sinking Fund, in its old de lusive ' o n; is to be given up, and the excess of income overexpenditure the only real sinking fund, is to be applied to the redemption of the c a p ital of the na .,`ionel debt. Mr. Goulburn says neatly, that there is no other way but this, or to borrow a sum of money adequate to make up the prese nt sur p lu s (which he takes at 3,000,0001.) to 5,000,000/.- 4 W is, money is to be borrowed, which will create a new debt, for the purpose of diminish ing the old debt ; and taxes must be imposed to PaY . the interest of this new debt, in order to relieve Portion of those taxes which have been employed in paying the interest of the old debt. If there ever was an absurdity in political economy like this, we wish to have it pointed out ; and yet this has been the principle of our old nominal Sinking Fund But if all that is now required by the reduction of the national debt be the application of the surplus of for for that purpose, there surely can be no need 'or the continuance of Commissioners for the ma nagement of the Sinking Fund : all that apparatus may be suffered to fall to the ground, and the country relieved from the expense of keeping it up.—Times. Mr. Brougham left town on Wednesday; and We regret to find that the cause has been the posi tive order of his medical advisers to suspend the course of his labours for a week or ten days. It then b ecame a matter of consideration whether he should relinquish the sittings at Guildhall or the circuit; the greater advantage of immediate relaxation and of quitting London forthwith decided the question ; but he is expected to be present at York on Sunday, the 20th instant, for the opening of the assizes. These facts, we suppose, will supply a rational and satisfactory account of those movements which ig norance or malignity might otherwise endeavour to explain in a different manner. The opinions which Mr. Brougham uttered at the dinner given on the repeal of the Test and Corporation Acts, and 1 1 .5 s speech and vote on the only important division which has taken place since Easter—the office of Lieutenant-General of Ordnance—are neither cal culated to endear him to a narrow Administration, nor to open his way to an office under the present.— The Budget used to be a very formidable affair during the period of the war, when a continually increasin g expenditure called fo ßudget nigh t r fresh burdens. Little can now be stated on the that Is not previously known. The functions of the Chancellor of the Exchequer are reduced to the comparison of the revenue and expenditure of the current with the preceding year, and to throw out a few conjectures as to the probable increase or di minution of certain branches of Revenue. The Chancellor of the Exchequerlast night, in his Budget, calculated the surplus of income over expenditure for 1828 at 3,088,708/. But this, of course, would have been less, but for the sums receivable on ac count of naval and military pensions. He proceeded to deal very unceremoniously with the sinking fund. " Re had no hesitation in saying that he had long felt, and he was very sure that a strong and general feeling existed amongst all who had paid attention to the subject, that to borrow money in time of peace in order to discharge a former debt, was a measure objectionable in principle, totally indefen sible with any reference to reason, and which created delusion without affording any substan tial advantage, or, indeed, any advantage what ever." One class, of course, derive advantages from borrowing with one hand and paying with the other—namely, the Gentlemen on the Stock Exchange, who gain by the multiplied opera tions. It was observed by Mr. Ward, as a proof of the wisdom of the plan of nominal Sinking Funds, that it had been adopted by all the Con tinental Governments. He should have considered it a proof of Mr. Rothschild, whose influence could Probably have worked still greater wonders with the Governments in question. It would be odd if money dealers were to reprobate Sinking Funds. If the nation has lost by the Sinking Fund operations to the amount stated by Mr. Hume, the partiality for it in a certain quarter need surprise no one. Sir i !enry Parnell thought we should abandon the idea of applying a surplus revenue to the extinction of our debt ; as, the less money was taken from the P e ople, the more rapid would be the growth of the n ational resources, and, consequently, the more able to support our burdens.—Morning Chronicle. PARLIAMENTARY PROCEEDINGS. HOUSE OP COMMONS. ORDERS OF TDB DAY FOR THIS DAY. Ways and Means—Report. National Debt Act--Report thereupon. Welland Canal (Advance of Money)—Report thereupon. 4• General Turnpike Bill—Committee. ,Z• Bombay M ar i n e Bill—Third reading. • Lunatics Estates Bill—Committee. Military and Naval Pensions Bill—Committee. 8 ' Deserted Children (Ireland) Bill—Second reading. NOTICES GIVEN YESTERDAY. Tuesday, July 15. kr Hume—Petition, complaining of the Proceedings in the Prerogative Court of Canterbury, and of the conduct of Sir John Nicholl :—Also, to move for Returns respecting the fees and proceedings of that Court. Tuesday, July 22. I ‘ ll % Nicolson Calvert—New Writ not to be issued for East Retford. _ Next Session. M l '• Littleton—Resolution to abolish fees and charges on renewal of Turnpike Bills. HORRIBLE MURDER IN FRANCE. At the last Assizes of Nevers, a man named rends Chandron was tried for the murder of the ,Tre of an innkeeper. It appeared from the evi "'lice, that the prisoner had entered an inn kept by tDerson named Hotte, who was absent, and that e jag unable to pay for what he had taken, words nailed between him and his victim, whom he the r e p ea tedly with a knife. He then robbed `"e ho use , and made his escape, but was subs e q uent ly apprehended, and confessed t he murder, an d said that he sought that death which he had long ago deserved. 'When in prison lie gave a narration of I l ls life, which was a continued ser ies of crim es. had been in the army, and had deserted, for which h e was con d emne d to five years' imprison- I nent with hard labour. As he had several times en deavoured to escape from the prison of Rochefort, 114 , 4 had also endeavoured to ex c ite revolts, h is im r4sonment was prolonged for 11 years. On his dis liisal, he had treated a young girl so brutally, as to °eeasion her death; and for this he was sentenced, in the y ear 1827, to th e ga lli es f or life. lie escaped rc 'n the prison of Rouen, and being without an a sylum, was forced to lead a watidering life. At Franchy, near Nevers, he had, on a f a ir day, s tolen a portmanteau of a traveller who was stopping a t an inn where Chandron was drinking. Being Pursued by th e peasantry, one of whom overtoo k him, he stabbed him with a knife, and got away. Re was, however, soon after taken, and was led to the prison of St. Saulge, from whence he - also escaped. Hi s next crim e was that for which he was tried at Nevers. On his trial he acknowledged the murder, and narrated the circumstances with the greatest coolness. He said, that for some time he had wished to commit a crim e by which he should forfeit his life, as no one would associate with him. When asked on the trial where he had obtained the !knife with which he had committed the murder, he said that he had stolen it from an inn at St. Saulge, with the intention of killing the landlady, but that his blood had cooled, and he left without carrying his Purpose into execution. He was condemned to death, and head his sentence with the greatest lOdifferenee. NAVAL INTELLIGENCE. PLYMOUTH, JULY 10.—The Supply naval trans port, and the Lively dock-yard lighter, arrived on Monday with three hundred men from the Coast Blockade Service, to join the Britannia. The Pearl, 20, Commander Blake, and Arrow, cutter, arrived on Monday from Portsmouth, with two hundred of the Royal Marine Artillery. The left wing of the Royal Marine Artillery, under the command of Captain Parry, which arrived here on Monday on board the Pearl and Arrow, are gone on board the Diadem hulk, to remain there until the Britannia is ready to receive them. Lieut. Coates, of this town, is appointed Super intendant of the Ordinary at Greenhithe. The Rev. E. Brice is appointed Chaplain of the Ordinary at Portsmouth; and the Rev. J. Surridge, to be Chaplain of the Ramillies in the Downs. Mr. Wm. Oldrey, a native of this town, is pro moted to the rank of Commander, R.N. The Britannia will go out of harbour on the 26th inst. to join the Prince Regent, which is to come here from Portsmouth, for the purpose of making an experimental cruise. Their Royal Highnesses the Lord High Admiral and the Duchess of Clarence will go on board the Britannia on the occasion, to the Sound. Commander Tucker, son of B. Tucker, Esq. of Trematon-castle, is appointed to the Semiramis, on the Cork station. Commander Stephen Lushington to the Etna; Commander James Thorne to the Barham; Com mander Joseph O'Brien, Espiegle; Commander F. Blair, Fairy ; Commander C. R. Drinkwater, Fer ret; Commander J. J. A. Duntze, Heron; Com mander G. W. Courtenav, Magnificent. Lieut. Sir T. Paisley, Bart. to be Flag-Lieutenant to Sir Putt. Malcelm ; Lieut. J. G. Raymond to the Fairy; Lieut. J. L. N. Sealey, Ocean. The Chanticleer and Hecla, surveying ships, ar rived at the Canary Islands on the 20th May. The Satellite sloop of war, Captain Laws, arrived at the Mauritius on the 21st of February. The Briton ar rived at Madeira from St. Michael's Ist June, and sailed on the 2d for Teneriffe. The Harpy arrived at ditto, from this port, on the sth June, and sailed on the 7th for Jamaica. The Bramble cutter ar rived at Lisbon on the 22d ult. The New Hope, Gardiner, from this port, arrived at Elsineur 29th June. The Robert, Latter, from this port, arrived at St. Petersburgh 16th June. The Woodpark, Ackhurst, of this port, from Lon don and Madeira, arrived at Demerara May Bth. The Priscilla, Mitchell, of this port, from Quebec, has arrived at Cork, and the Elizabeth, Johnson, at Padstow. NAVAL APPOINTMENTS DURING the QUARTER. Vice-Admiral Sir Pultenev Malcolm to command in the Mediterrhnean. CAPTAINS—W. J. H. Johnstone, Asia ; J. W. Mon tague, Crocodile ; .T. Campbell, Druid ; H. Stuart, Glou cester ; Hon. R. C. Spencer, Royai Sovereign (yacht) ; W. F. Martin, Samarang ; Mr. F. F. Berkeley, Semira mis; Sir R. Grant, Tyne; W. Sandoms, Valorous; Hon. D.P. Bouverie, Windsor Castle. COMMANDERS—S. Lushington, Etna (bomb) ; H. Smith (a), Arachne ; P. Salmond, Asia; J. Thorne, Barham; W. Blight, Britannia ; J. O'Brien (b), Espiegle; F. Blair, Fairy ; J. Pole, Falcon ; C. R. Drink_ water (act.), Ferret ; J. Jones, Gloucester ; R. H. Stan hope, Helicon ; J. A. Duntze, Heron ; C. W. Courtney (act.), Magnificent; C. Bentham, Mosquito; G. C. Blake, Pearl; Tucker, Semiramis; H. Gossett, Sla ney ; T. Ogle, Spartiate; J. Wilson, Victory; Hon. W. Wellesley, Wasp; T. E. Hoste, Weazle; J. Kingcome, Wellesley ; Hay don, Windsor Castle. LIEUTENANTS TO COMMAND—H. W. Bishop, Manly; W. Downey, Plover; E. S. Johns, Speedwell; W. Ush erwood, Surly ; J. Goldie (a), Swan ; C. Jones (a), Vigilant. LIEUTENANTS—B. W. Walker, tEtna ; H. B. Richards, W. S. Thomas, and S. Sawbridge, Asia ; J. W. Tomlin son, Badger ; 'W. F. M. Tollemache, G. B. Trevanion (act.), Barham ; H. Goold, Britannia ; T. E. Hodder, Clio ; A. Plymsoll, M. T. Hare, and J. L. Fitzgerald, Crocodile ; L. Halliday, Dryad ; W. C ro ok e an d T. Hope, Falcon ; S. R. Watts, Ferret ; C. Leach and T. N. Moore, Ganges ; R. Ingram, J. Hacket, W. R. Ward (a), F. Patten, and E. Lake, Gloucester ; T. E. Smith, Heron ; J. W. Finch, T. Jager, H. James, A. Buchanan, G. Pretyman, H. Courtney, W. H. Geary, and J. H. Web ber (sup.), Hyperion ; J. E. Rivett, Magnificent ; W. Shortland, Melville ; J. C. Fuller (act.) and E. Bul ler (act.), l%lenai ; J. N. Sealey, Ocean ; J. Billingsby, and J. Gordon (c) Pearl ; W. Kelly, and C. Sergeant son, Prince Regent ; W. Luce, E. Lichmore, G. Jackson, W. Forrester, C. Edmunds, G. Mason, and T. L. Massie, (sup.) Ramillies ; Hen. E. Gore (Flag Lieutenant to the Lord High Admiral), Royal Sovereign yacht; W. Asp heard, G. Beaufoy, and R. Hussey, Samarang; C. Wi tham, W. B. M. Clintock, and A. H. C. Capel (Flag Lieut.), Semiramis ; W. H. Hallowell, Tyne ; J. Shirer, Valorous; R. Stay, Victor ; W. D. Rees, Victory; E. Wylde and T. L. Gooch, Wellesley; T. Ball, C. Basden, T. Frazer, T. D. Stewart, and C. Richards, Windsor Castle ;C. R. Watson, Zebra. _ _ MASTERS—J. Pascoe, Hope ; J. B. Brissick, Pearl ; T. Withenberg, Procris ; R. Yule, Semiramis; J. Brem ner, Surly; R. Stewart, Swan ; Wrn. Scott, Windsor Castle ; R. H. Osborne, Zephyr. SURGEONS—J. Stewart (a) act. Asia; J. Veitch (c), Crocodile ; J. W. Reid, Druid ; A. S. Allen, Falcon ; T. Robertson (a), Gloucester; W. F. O'Kane, Harpy; H. Baillie, Hyperion ; J. Patton, T. Barnes (sup.), Maid stone; W. Thompson (b), Ocean ; R. Allen, Pearl ; B. Dickson, Samarang ; A. Linton, Scylla; J. Urquhart, Semiramis; B. Browning, Talbot; R. Power, Tweed; J. Rutherford, Windsor Castle. ASSISTANTS—P. Coleman, Bramble ; S. W. Jewel, R. Holden (sops.), Britannia ; J. Lawson, Crocodile ; W. Gunn, Falcon; W. Craig, Frolic; J. Chrichton, J. Miller (sups.), Ganges; • V. Craig (b), Gloucester; A. Ander son (sup.), Hussar ; J. M'Allister (sup.), Hyperion ; J.W. M'Donnel, Isis ; J. M'Master, Pearl ; J. Charters, Peli can ; J. Robertson (b), Pike ; C. D. Keane, Pylades; T. Scott, Ramillies ; E. Leah, Royal George ; W. Kent, Samarang ; S. Wallace, S. W. Lincher (sup.), Semira mis ; J. Read, Skylark ; D. Deas, Spartiate ; R. W. Wilson (sup.), Sybille ; G. W. Pritchard, Trinculo ; 0. Evans, Valorous; J. J. Stewart, Victory; J. Walker, 'V igilant ; J. Riordan and J. Dove, Windsor Castle. PURSERS—J. Sparshot, Crocodile ; J. Dennis, Fal con ; J. W. Nobt.s, Gloucester ; 11. Tucker, Icarus; C. 0. Davis, Pearl ; W. Harrison, Procris ; M. C. Stephens, Samarang ; J. Elliott, Semiramis; J. Jacobs, Windsor Castle. CHAPLAINS—C. W. Dodd, Dartmouth ; W. Johnson, Semiramis ; A. Rogers, Sybille; J. Briggs, Windsor Castle. ROYAL MA RlNES—CaptaillS. —J. Wilson, Barham; T. Peebles, Gloucester : S. Shallock, Melville ; W. Laurie, Prince Regent ; J. Fleming, Windsor Castle. We are happy to hear that the gaols through out the country, for the most part, present a less number of prisoners for the approaching Assizes than usual.— Brighton Gazette. A great quantity of very fine mint, and what is denomin a t e d stone coalculin, are now raising on the eesqtiaiatl, e of if W. g. peSs.uTNr-iro r r ir , E Fillhead, near Bideford, former meets with a r, od to oy a ;a nr e, b a r t ou t g he h re t from N s i e r v a e le r s ai kilns in the neighbour The e i a i ; and the latt e r is found to an swer well for dryi ng malt, gm —Exeter Alfred. sportingNT--Awoceldrtalin ihalf payACal‘pitalirn,riw'AellßkYaoMw: u ndertaken for a wager, to p l ay Lis -ate-y bagpipe, and travel on foot, period, through the principal towns and cities in limited Ireland.. • The conditions have been agreed to, and within the a l g i reat Highland the preliminaries s i gne d, that, instead of a cap and feathers, his head is to be hid under a broad blue Kilmarnock, with aribbon attached behind. The stock is to be replaced by a common cotton neckcloth ; his fine Holland shirt with one made of strip e d cotton, and for regimentals he is to wear a sober suit of Hodd e n- g rey. His accoutrements are only to consist of a dirk, with the necessary appendages of knife, fork, and spoon ; and he is permitted to wear a pair of green spec tacles in orde r that he may minutely reconnoitre the enemy, and at same time escape detection ; but he is neither to have a pioneer to clear the road, purveyor td forage, nor any officer belonging to the commissariat department to supply him with ammunition, necessaries, or rations; but to forage solely for himself. He may beg, bat is by no means allowed to borrow or steal. The sum staked on this important campaign is, we understand, 5,000!., be sides several sums which are pending On the result. He took the route last week for the sister isle, in one of the steam-boats, from the Broornielaw.--. Glasgow FreeFress. IMPERIAL PARLIAMENT. HOUSE OF LORDS, FRIDAY, JULY 1 1. Sir H. PARNELL and others brought up the Sale of Game, India Insolvent Debtors', India Cri minal Justice, Disembodied Militia, Holyhead Road, and various other Bills. The Duke of GLOUCESTER presented a pe tition from Montrose, for the Abolition of Slavery. The Earl of SHAFTESBURY moved the se cond reading of the Charing-cress Improvements' Bill, and the third reading of Irish Constabulary Amendment Bill. Lord WHARNCLIFFE gave notice that on Tuesday next he would move the second reading of the Game Bill brought up this day. Earl GREY presented a petition from Berwick on-Tweed, stating the great inconvenience that would result from the suppression of the small Scotch notes, and praying for a clause to relieve them from the restriction. Lord ROSSLYN presented a petition from Wel lingborough against the abolition of slavery. Lord WHARNCLIFFE brought in a standing order, of which he had given notice, to prevent members of joint stock companies from being led into transactions which they did not contemplate. He moved that the order be printed, and the further consideration postponed until next Session. Lord CALTHORPE presented a petition from Coventry for the abolition of slavery, and gave notice, that in consequence of an Hon. and Learned Member not proceeding with his motion on this subject, he should feel it his duty to bring forward a motion for discussion in this House on Tuesday next. Lord WHARNCLIFFE gave notice that on Friday next he would ask a question of his Majesty's Ministers, relative to the duty on Foreign Woo]. The Marquis of LANSDOWNE presented several petitions, one of which was from Calcutta, praying that the duty on East India Sugars might be equalized with those duties which were paid upon West India produce, and that the duty on Tea might also be reduced, and the trade with China be thrown open. After a few words from Lord CLIFDEN and Lord CALTIIORPE, the petitions were ordered to be laid on the table. The House then adjoined at a Quarter to Six o'Clock. HOUSE OF COMMONS, JULY 11. The Liverpool Roads Bill was read a third time and passed. Mr. LAWLEY presented a petition from ten thousand of the inhabitants of Birmingham, praying for the abolition of Slavery. Mr. LAWLEY also presented a petition, praying for the repeal of the Small Note Bill, from the Inha bitants of Leamington. Mr. LENNARD presented a petition for the abolition of Slavery, from the Inhabitants of Maldon. Mr. LUMLEY presented a petition from certain Burgesses of East Retford, praying to be exempted from the operation of the Bill which was at present before the House, and that writs might forthwith issue for the said Borough. Mr. A. DAWSON presented a petition from the operative Weavers of Rochdale, praying that the House would regulate the rate of wages throughout the manufacturing districts. Mr.I3ROWNLOW brought in a Bill for Draining and Improving the Bog and Waste Lands of Ireland.. The Bill was read a first time, ordered to be printed, and read a second time this day three months. Mr. SUGDEN brought in a Bill to amend the Law relating to Illusory Appointments. Mr. BRIGHT presented a petition from the As signees of a person who had claims upon France, praying for a remedy for the losses sustained. Mr. Jenner, from the Commissioners for build inn. New Churches, presented an account of the charges, &c. of the Commissioners. Lord ROBERT MANNERS presented a peti tion from Loughborough, and Gaythorn, in favour of the abolition of slavery. Mr. GORDON presented a petition from Mr. Millet, a Magistrate of Berkshire, praying that the House would pass a law, preventing credit for any articles which are necessaries of life. Mr. TENNYSON, and Mr. BENETT, supported the petition, and expressed a hope that some such mea sure would be adopted. Mr. LUMLEY presented a petition from Wil liam Leadbeater, a burgess of East Retford, pray ing that he may not be disfranchised. The peti tioner (as we understood) stated that he was not the person of that name engaged in the transactions of the Election of 1812. Mr. TENNYSON took this opportunity of stating that in the Bill introduced by the Hon. Member sixty-two persons were disfranchised, who, except 39, were dead.—(Hear, hear.) After a few words from Mr. CALVERT, the petition was ordered to be printed. Mr. J. WOOD presented a petition from Dews bury, against the Additional Churches Bill. Mr. .1. WOOD presented a petition from Mem bers of Corporations and others, against the Cor porate Funds Bill. BENETT presented a petition from Malmes bury, Wilts, for the abolition of Slavery. Sir T. ACLAND presented a petition from some parties in Devonshire, respecting their claims on the French Government. The Honourable Baronet said, that as a surplus remained, he thought it ought to be paid over to the claimants; he recom mended the case of the petitioners particularly to the attention of the Government. The CHANCELLOR of the EXCHEQUER said he was not acquainted with any of the particu lars of this case. That there were a great number of claimants, and it was necessary to adopt some general rule. Mr. HART DAVIS made a few observations in support of the petition, which was ordered to lie on the table and to be printed. . Mr. LITTLETON gave notice that early next Session he would move for leave to bring in a Bill to exempt Turnpike Acts from fees. Mr. CHOLMONDELEY presented a petition from Lincoln, praying for a tax on the importation of Foreign Wool. AMERICAN TARIFF. On the motion for the House to go into a Corn mittee of Ways and Means, Mr. STUART called the attention of the House to the duties, almost amounting to prohibition, im posed by the American Tariff on the importation of British manufactures and produce. It was too late to originate any measure on the subject in the pre sent Session; but he thought the country ought to have the satisfaction of knowing that the subject attracted the attention of his Majesty's Government. The CHANCELLOR of the EXCHEQUER, in answer, said, that he had no doubt that his Right lion. Friend (the President of the Board of Trade), who was not at present in circumstances to com municate to the House his opinions on the subject, would take the earliest opportunity of attending to it. THE BUDGET. The House having, on the motion of the CHAN CELLOR of the EXCHEQUER, resolved itself into a Committee of Ways and Means, The CHANCELLOR of the. EXCHEQUER observed, that the period had at length arrived at which the Supplies for the year having closed, it became his duty to submit to the Committee his view of the financial situation of the country for the year. In so doing, he was by no means insensible of the difficulties attendant on a first statement on such a subject. Nor was he unaware of the peculiar disadvantages under which he himself laboured on the occasi on . H e cou ld not forget th at w h en t h e subject was l ast b roug ht under the co ns id erat i on o f the Committee, it was introduced by a Right Hon. Gentleman now, unfortunately, no more, to whose brilliant talents and eminent public services, the House had in the present Session, borne ample and deserved testimony. He could not but recollect the manner in which that Right Hon. Gentleman adorned every topic on which he touched, and in which he contrived to make the dry details which such a statement rendered necessary, interesting by his luminous treatment of them. He felt no humi liation in the avowal ; but he well knew that he could not hope to produce on the Committee any thing like a similar effect. He trusted, however, that they would extend to him their indulgence, while he endeavoured, simply and clearly, to lay before them the financial statement of the year. As on the one hand, he wordd not attempt to conceal from them any thing of an unfavourable nature, so on the other hand, he would refrain from exaggerating. any thing which appeared to him to be preg nant with favourable consequences. In making statements of this kind it had been usual upon former occasions to lay before the House a statement of the revenue and expenditure of the country for several antecedent years, and to deduce from that statement a calculation for the ensuing year. In the present instance, he should depart from that practice, and sconfine himself to a statement of the revenue and expenditure for the last year, and from that statement make his calculation as to the expected revenue and expenditure of the present year. It appeared from papers laid before that House, that the total ordinary revenue of 1827 was 49,581,576/. in addition to which there was received under the arrangement which was made by the Bank, known by the title of the Dead Weight, a sum of 4,245,0001., and there was also, under the head of extraordin - aries and miscellaneous, disbursements to the amount of 660,000/.,making the total revenue for 1827, 54,486,6571. The expenditure f0r.1827 consisted of the interest of the debt, excluding the Sinking Fund, at the same time including the interest on Exchequer Bills, amounting to 28,239,3171.-the sum issued by Trustees of Naval and Military Pensions, amounting to 2,800,0004-- other permanent charges on the Consolidated Fund, amounting to 2,200,0001., which, with other charges, made the total expenditure for 1827, amount to 33,260,0001. But the supply voted for 1827, in cluding Army, Navy, and Ordnance, being 19,069,0001., the whole of which not having been expended, the actual expenditure of 1827 did not exceed 52,690,6371., which dedu6ted from the whole income of 51,500,000/. left a surplus revenue above expenditure, excluding the Sinking Fund, to the amount of 1,800,000/. • from that must be deducted advances made to public works to the amount of. 667,7931., leaving an actual surplus revenue, above the expenditure, of 1,132,0001. The House would therefore perceive that he had considered the sum received on account of Naval and Military Pensions, as income on the one side, and the sum paid as expenditure on the other. Such was the statement of the revenue and expendi ture for 1827, and of the surplus after the reduction of the debt. He should now proceed to state his expec tations for 1828. It gave him great pleasure to state that he anticipated increased revenue for 1828 above that of 1827 by no less a sum than 800,000/. In order to make out his calculation he should call the attention of the Committee to the revenue of the Customs, which, in 1827, had ex ceeded the revenue of 1826 by 600,000/. ; but, as in the latter year the duties paid on the importation of foreign corn amounted to 800,0001., and as it was not likely, from the present state lof the crops that we should have an importation of that extent, he did not think that he had a right to anticipate.that the revenue of the Customs next year would equal that same revenue for 1827: be had made his calculation by deducting from that revenue for last year the sum of 800,0001. received as duty upon corn. He should now proceed to state how he ex pected the other branches of the revenue of Customs would compensate for the loss sustained by the non importation of corn. The branches of the revenue on which he principally relied for making up the deficiency occasioned by the absence of the duties on foreign corn were, those on which the Customs' revenue of last year was deficient ; namely, sugar, rum, and brandy; and one article, wine, in the reve nue, arising from which, there was last year no deficiency. The revenue from sugar fell off in 1827, as compared with 1826, by 300,000/. ; and that for very obvious reasons. It was well known to all who had attended to the subject, that there were shorter crops than usual in the West Indies last year; that necessarily raised the price of produce; the augmentation of the price of produce diminished the consumption; and the diminution of consump tion occasioned aslefalcation in the revenue. During the present year this was altogether reversed. There had been an improved crop ; and consequently an increased consumption, and an augmented revenue. Under these circumstances he felt justified in esti mating the increase of the Sugar Duties this year at 200,0001. Nor was that matter of entire con jecture; for in the half of the year already elapsed, the Sugar Duties, as compared with the correspond ing portion of 1827, were greater by 100,0001. In the duty on Rum there bad, been another falling off last year of 400,000/, as compared with the preceding year. That also was capable of a satisfactory explana tion. In the commencement of 1826, heavy duties. which until that period had diminished the consump tion of rum, were removed. The consequence was an inordinate consumption of rum—a consumption much greater than could lie expected in the succeeding year. Of course, there was in 1827 a correspon dent defalcation in the revenue. But in the present year he thought that calculating on the mean of the two years, an increase of not less than 100,0001. might fairly be calculated upon in the duties on rum. In the brandy duties, a correspondent defalcation had last year taken place, for reasons which he was not competent to explain to the Committee. He could only state the fact. He calculated, however, that there would be an increase in the consumption of brandy correspondent to the expected inerease in the consumption of rum ; augmenting the revenue by fifty thousand pounds. With respect to the article of wine, to which he looked for a consi• derable addition to tbss Customs' revenue, it stood in a situation vest different from that of the articles to which he had hitherto adverted. On that there had been no diminution of revenue last year. On the contrary, the duties on wine had gone on regularly, gradually, and steadily, augmenting from year to year. In .1827 they exceeded the amount in 1826 by 200,000/. During the last six months they had exceeded the duties in the corres ponding amount of last year by a large proportion. He calculated, therefore, that the amount of the duties on wine in the present year would exceed the amount of last year by 150,000/. And he said this with the more confidence; because he found, by the returns of the last half year, that the amount already exceeded that of the corresponding period of last year by 100,000/. It was, therefore, not being too san guine to expect that the increase in the next half year over the last half-year of , 1827, would be 50,000/. Adding. all these sums together they would stand thus : Sugar .... £loo,ooo Ruin and Brandy Wine 1 £600,000 Which sum of 600,0001. being set against the re ceipts from the corn duties of last year, 800,0001., left a deficien c y in the comparison between the last and the present year of only 200,000/. The expec tation which he had thus formed from a view of the duty derived from the articles in question last year, was strengthened by the returns which he had re cently received of the revenue of Customs: By those returns it appeared, that taking away the corn duties, there had been an increase in the first six months of the present year, as compared with the ' first six months of last year, of 300,0004 ; Le thought it but fair, therefore, to calculate on a con tinuance of that increase during the last half of the present year, and that would furnish the sum which he expected. He would now proceed to the next great branch of revenue, the Excise. He felt himself justified in taking the amount of the Excise Duties for the present year as higher than their produce had been in 1827. In 1827 there had been a falling off in the revenue of Excise, as compared with 1826, of 700,0001, But that was a deficiency which did not alarm those who were conversant with financial affairs. It was covered by one article alone—the duty on malt. There were circumstances last year which occasioned a great diminution in the manufac ture of malt; and, of course, a corresponding dimi nution of duty. This deficiency arose from the' di minution in the quantity of barley, owing to the unsettled state of that trad e , an d t h e appre h ens i on and alarm entertained by the persons engaged in the manufacture of that article. The alarm which was felt, arose in consequence of the alteration of the law, which prevented the persons of that trade oc cupying themselves at that particula r period in which a greater quantity Of malt used to be manu factured than at other times of the year. A larger manufacture had since taken place, so as to supply a very great augmentation of duty upon that arti c l e . The duty already received on this article (at the moment at which he was speaking) amounted to more than 300,000/. But in order to enable th e House to have a more exact and satisfactory crite rion by which they could judge of the amount of duty likely to be received on this article, he must beg them to consider the large additional quantity of malt brought to charge, .and upon which the duty had not yet been received. He would take another opportunity of mentioning the exact quantity; and he would merely say, that it was such as to give a confident expectation that the amount of the re venue would fully cover the deficiency which had occurred in the course of the antecedent year. In the last year there had been a deficiency in the Excise revenue upon another very important ar ticle, although that deficiency had not been of an amount coresponding with the preceding sum.- I , le alluded to the article of beer, the consunaptiol of which, in the period alluded to, had very ranch decreased. The deficiency in that branch of revenue had amounted to the sum of one hundred and seventy one thousand pounds. But he was happy to say, that upon this article also the returns would prove that within the present year there had been a very consider able increase of consumption. The natural consequence was, that' not only in the present year, but in the present quarter, he looked for a very considerable augmentation of revenue. With respect to all the other articles of Excise, it would be tedious to enu merate them and to go into details, and it might be sufficient if he assured the House, that throughout the whole of the United Kingdom, an uniform in crease of consumption had taken place, except in the article of hops, and (we understood the Right Hon. Gentleman to say) cider. This arose from the di minuti©n of duty upon orchards, and the postpone ment of the duty upon hops. This state of the re venue was in every respect a most complete and sa tisfactory proof of the advantageous state of every branch of trade in the United Kingdom. The sum total of the increase upon the Excise was 750,000/. The increase upon two branches alone was 550,000/. The next source of revenue to which lie would call the attention of the House was that of stamps. Upon this head of receipts, he could also have the pleasure of congratulating the House upon a very considerable increase. It was obvious that a duty which depended so much upon the value of every species of property must necessarily improve or decline in proportion as the value of property was raised or depressed; and to this circumstance must be attributed, in a great degree, the large increase which has taken place (and on which he had calm lated) in the revenue of this department during the last year. But lie should be doing a great injustice to those who presided over the -Stamp Department, if he did not, to a considerable degree, attribute the augmentation of the revenue to the diligence, zeal, and activity,with which they had applied themselves to the discharge of their numerous and arduous duties, and by which they had raised a revenue beyond which, under other circumstances, it would have been reasonable to calculate upon. He would take the revenue under the head of Stamps to amount to 200,0001., being short of that actually expected at present, and which would acquit him of forming imaginary_s-elrernes or unreasonable expectations. The next branch of revenue was the Assessed Taxes, under which he was happy to be able to as sure the House that there was a considerable in crease. The amount of the increase upon the As sessed Taxes received during the last half year, was 81,0001. But as the Assessed Taxes admitted so much of variation, and as it was impossible to pro nounce whether they would progressively increase, he would be content to take the augmentation at the next half-year at 50,000/. He would take the minor species of revenue at the same amount as the ante cedent year. He might perhaps be justified in tak ing them at a higher rate, but he was anxious upon this, as upon every other occasion, to make no im prudent calculations, but rather to wait till the in crease had occurred. It was impossible to-do more than mention the heads of revenue, on which the in• crease was probable, and upon which he did. not found any calculation. Whilst he mentioned the augmentation of revenue as amounting to 800,0001., he must add, that that was the sum which he had already stated to the Committee it was his intention to add to the revenue of last year to form the esti mate of the present. In taking this sum of 800,000/., he must observe, that in the returns for the two quarters already expired, there was an increase upon the revenue of Great Britain alone in the proportion of 856,000/. a sum exceeding that on which he had ventured to calculate as the increase of revenue of the United Kingdom for the whole year. But the corn duty was received in the latter part of the last year, and therefore some deficiency extended itself to the subsequent quarters, and which was to be made good by the sur plus of the preceding quarters. He should have great pleasure in calling the attention of the House to the revenue of Ireland, presenting, as it did, a picture not less favourable than that which he had 'presented to the House of the other parts of the United Kingdom. The revenue of Ireland, during 'a period corresponding with that in which he had traded the augmentation of revenue in Great gri tain, had increased by 150,000/. He felt convinced that he could fairly calculate upon the present reve nue of Ireland continuing, but he did not think it right to hold out any expectations of a further aug mentation of receipts from that part of the ki ng d om . The result of all he had i:tated to the House was, e th o a n t si t d l e ie red totali° b res e .en s l o le ,3 f B o l r the year He should ,01 this, as in the instance of the year 18,4, the sums that were receivable on eecoaK o f Naval and Mili tary Pensions,. being deficiencies of sums received last year, in the October quarter. Upon this ac count be should add to the revenue of the present year 3,082,500/. He should likewise add, under the head of Extraordinary and Miscellaneous Re ceipts, 438,000/., making the total revenue of the year 1828 to amount to 43,902,030/. Of the sum of 438,0001„ 6Q,0001. had been received from the East India Company.—[The Right Hon. Gentle, man here concluded his lucid summary of the reve• nue, but as he did us the favour of f urn i s hi ng us with a correct document, and as it appwra to us to he of value to the public, we shall give it iu our paper on Monday.l—He should now proceed with the expenditure in the same order with tv.ipeilt " 3 the year 1828. He should take the s u m to tal of the Interest of the Debt, e ;:e l oo l, m of the Sinking Fund, but including the interest of Exchequer Bills, At 25,038,000/, The sums to be paid to the F n Trustees of Naval and - Military Pensions aceoun.tod to 1,092,8701. The total charged on she Consol idated d e, w a a ß s ci 22 l,, , 7 o is O c o :l o la o l oL. total income, lef t a 18,160,0461., being one million lass t.lau last year. The total expenditure would amount _t0.40,104,522/. us T S h e e rv A 'ice rm s, y' a i rn N o a u v l y it ' Qd Or t d o - This being deducted frail the certain . surplus, ex 1 o fa dvances, of 3, 97,508/, From this balance, deduct i ng 100,0001„ the dif eu the advances for Public Works and ference betwc the. sums .repaid, the.neat surplus of revenue over would be 3,088,108/. Expenditure In order to form a com parison between the circumstances of the last two years, this surplus of 1028 was to be set against the surplus in 1827, which had amounted to 1,130,000/. This showed au improved surplus for the present year over the last,. of nearly two mil , lions. Such being the surplus of the revenue over the expenditure for the year 1828, it would be ob vious to every one that, if the House were to pro vide according to the terms at present prescribed by law for the annual payment of the Sinking Fund, the amount of surplus must be increased by little short of three millions. If they were strictly to comply with the law that existed on the subject, it would appear that there were but two courses he could possibly recommend to the House. Parlia ment had but one of two alternatives—eith er to add to the burthens of the country by additional taxation in order to raise the sum necessary to bring the sur plus-of income to the amount prescribed by law for the Sinking Fund, or to follow the course which had been pursued in former years. He need not say that, in former years, when the surplus of revenue over expenditure was deficient to meet the Sinking Fund, the practice was to supply that deficiency by loans, by increasing the debt, e ith er f un d e d or un funded. Thefirst of thesecourses—tbat of raising thin amount of the deficiency, by adding to the immediate burdens of the country—he could not be an advo cate for such a measure. There was, no necessity imposed upon Government of recommending to Par liament any such course, no necessity arising either from a desire to maintain the public faith with its creditors, or for the support of the character of the. country. The deficiency:was, as lie had already stated, ,an annual deficiency. It had not now ap peared for the first time. Parliament had long known it, and though so long cognizant of the fact it had permitted it to exist. It could not, therefore, be necessary at the present moment, and in the ox-. isting condition of the country, to resort to th;s burdensome—and in point of fact, he believed im practicable—course of raising the amount of the surplus to the sum which the law directed. sat, other course . was the practice which had been hitherto pursued of borrowing the money to make up the deficiency. To such a system he must confess he felt very considerable objections._(Loud cries of hear, hear, from the Opposition Benches.), —He had no hesitation in saving that he had loue felt, and he was very sure that a strong and generai feeling existed amongst all who had paid attention to the subject, that, to borrow money in time of peace, in order to discharge a former debt, was a measure objectionable in principle, totally indefensible with any reference to reason, and which created delusion without affording any substantial advantage, or indeed any advantage whatever.—(Cheers.)—He said this without any fear of being supposed to im pugn the principles upon which the Sinking Fund was first established. He would maintain, that the Sinking Fund never was established upon the principle of borrowing the money by Nviiielt it was to be supported. Such a scheme was altogether preposterous, and such as no h em of sense could conceive. When Mr. Pitt intsoducetA the measure, he contemplated the means of disc charging the Debt to be a real surplus of revenue. over expenditure. His plan had been to reduce ex peaces, and to raise taxation, and not to borrow on account of the Sinking Fund. In refusing, there fore, to lend himself to the borrowing of money for the pur'pose of keeping up the Sinking Fund in time of peace, he was strictly adhering to the prin ciples upon which Mr. Pitt originally laid down his plan for the formation of a Sinking Fund, and which, but for the unfortunate circumstances th a t afterwards involved the country, he would have adhered to. In a war which unhappily interferes with all Mr. Pitt's views, and destroyed all his, prospects, he was forced to depart from his owss principles on which he had established the Sin ling Fund. Mr. Pitt found himself thrown by - anfore, seen and unexpected circumstances between tme alternatives. He was reduced to the necessity either of abandoning his principles of the Sinking - Fund altogether, or to maintain the scheme and support. its operations by borrowing funds, contrary to the principles upon which the Sinking Fund had beee, established. Of two evils Mr. Pitt chose the least, but he (Mr. Goulburn) did not think that it ought to be the policy of Mr. Pitt's successors, in tune of peace, to borrow money to support their fund. In addition to the general objections which exist— in addition to the statement in the Report - of the Committee of . Finance—the borrowing of money, by which the Sinking Fund was to be maintained, would be at present peculiarly objectionable; and equally so would be resorting to the former course, of making up the deficiency of surplus by an issue of Exchequer Bills.—(Loud cries of " Hear, hear," from all parts of the House.) — He was not blind to the gain of the country by the measure of last Session; he was not ig norant of the profit which the country had derived last year by the sale of that kind of security, in order to make up the deficiency of revenue to the pre scribed amount of the Sinking Fund. If lie wer e not ignorant of this, nor was he ignorant that arrange-. P 'svese that was. meats of that kind must have an end—(Lomi end repeated cheers) —Exchequer Bills should ' nave 'alarm ; but they consistency with circumstances and sound ss;,: iricipie ,. e t ip be ate a d m a o r u iy e t t hi e n t gtr s=pecies of sc. pfinconveni;ce cu o li r ed u el N i uk o re t i Ityty.h to o t n he emb ja a ek n eet t i should look at what was possible ontop make ; to occur at what what might be the result d th p e r o u p i o l s fu e n t d o ed th D e eb H t o . House He should ah ra o i t s i e ld m r o a n ti e le a: ; a a m ny ou g n r t " ; feud to a greater degree than at present by an additional issue ? He should exertions oaifi aa Imvbaerketeoht could fl e d : ip u m ir n e t F r . ee: might riot on however much might be wanted, by adding to the say it was the duty of that House, and that it would be to the advantage of the country; to take advan tage of each practical occasion for the reduction of the present amount. In saying this, he was very far from saying that he intended to lend himself t 4 any hasty or abrupt absorption of the securities. He was far from saying, that, by any precipitate and advised measure of withdrawing Exchequer Bills from the market, he would hazard the interest of the commercial community, or run any risk of exposin any brank of trade to inconvenience, He merely wished to say, that the views of Parliament, and of his Majesty's Government, weee nether a reduction than any increase of the Unfunded Debt. If it, were etas arsendichei making possible to resort, under the present circumstances, to any measure additional taxation in o m r ,a d s e , r t to o supply the sinltiug Fund, and if, on the other hand, it WAa inexpedient to add to either the Funded or the Unfunded Debt of the country, in order to make up the deficiency of revenue id t 0 0 0 begged not to be t m he eet re t a h l e asmuroptliltitst of the Sinking Fund, it {lid appear to him, as it had appeared to tie• Committee of Finance, that only one alternetiye o r r em ne ai c i e re s d sa ; ry tfi t a o t o r a p e uf : t e i n iice u cr e e ia c roun e t 4 o C f e the stability of the ahnodt.icoounrsiosftetnhteecffoourtntfroyr, tahnedretiluecntiaobnleu:thtoe misunderstood. Be was not making a proposition to abandon any thing that was due to the claaracter Proposed was, the most efficient country, aver tt f . from m e Hsxptienkbeenciodnpliglrtsenisrdeeen.rte( period Htei at a l e n means dt. Ol V a ll ee at em h p e lishi ng regulareb that object; and to accom pull that object was the best possible way to sup fulfil all its enga engagements with the public creditor. The measure seine% ees he proposed would not defeat that object ---an object which he considered essential to the safety of the country. If he reduced the amount of the Sinking Fund to the mere surplus of porttite Income over expenditure, he should in fact have the r nean.&' in the present year of paying off a sum not ;inferior to that which bad hitherto been paid, nor inferior to that which could be paid were the Sink ing Fund increased by any loans of money. The only difference would be, that instead of apparently a large reduction of the debt, there would be a smaller reduction ; but that would be real instead of fictitious. The Parliament had had it in contem• plation to apply five millions annually to the reduc tion of the National Debt by way of a Sinking Fund. In the course of eleven years this plan had reduced the Debt by only twenty-eight millions, that being the difference between the sums borrowed and the sums over which the country possessed any control; or, in other terms, the difference between the sums borrowed, and the real surplus of revenue over e‘- pendittire. In paying off the Debt by Qt ly I ith aid r e re Che E. 0. 5 1 0 0 5 1 1 4 1 1 0 ,ted• at dis• the but, of , t e pt 0 11 }, 0 ,71a0P coJ r.--'