The Sun. — London, England, 1824-05-08 00:00:00

i ~ T / / • f NUD.II3F,R 9876. SOCIETY OF BRITISH ARTIS'T'S, SUFFOLK-STRZET, PALL MALL EAST. TI" GALLERIES for the EXHIBITION and SALE of the WORKS of BRITISH ARTISTS are now OPEN from Eight u'Clock till Dusk. W. LINTON, Secretary. Admittance, Is.—Catalogue, Is. THE GRAND MASQUERADE, ARGYLL ROOMS.—Under the immediate Patronage of Twelve Noblemen—Th ur d a next, May 13.—The Public are respect fully inform e d, th a t the GRAND MASQUERADE will take Place as above. The particulars will be given by the Commit tee, at Mr. CHARLES WRIGHT'S, OPERA COLO NADE, Haymarket, who will give his finest Wines on the occasion. The Supper will be provided by Mr. Waud, Bond street. WESTMINSTER SCHOOL. THE ANNIVERSARY MEETING of the NOBLENIEN and. GENTLEMEN EDUCATED at t his SCHOOL will he holden at the ARGYLL ROOMS, RE GENT -STREET, On SATURDAY, May 22, 1824. Earl of Wilton Bishop of Raphoe Lord Hotharn STEWARDS. Sir Robert Chester W. J. Bankes, Esq. M.P. Rev. P Elmsley, 1) D. Henry Galiagan, Esq. had of Messrs. Willis, at the t. James's street. Sir G. H. Bingham, K.C.B. Tickets, 10s. 6d. each, to he Dar of the Thatched House, Si NORTH.AMPTONSHIRE. CAPITAL FREEHOLD PROPERTY. TO BE SOLD BY AUCTION, By Mr. TFIYNNE, at GARRAWArS COFFEE-HOUSE, CHANGE -ALLEY, CORN HILL, on WEDNESDAY, the 12th of May, 1824, at Twelve o'clock, IN SIX LOTS, ACompact and Highly-cultivated FREE HOLD ESTATE, comprising Five Capital Farms, and upwards of 860 Acres of excellent Land, situated at STOKE DOYLE, near the Market Town of Oundle, in the County of Northampton. This. Property is peculiarly well adapted for the Invest- Ment of Trust Money, as well as for Occupation , b ein g near navigabl e Ri ver , and in the neighbourhood of excellent Markets. TheTespective Tenants will stew the Estates, and de scriptive Particulars may be bad, 21 days preceding the at the Talbot Inn, at Oundle ; the George, at Thrap. stone; the George, at Northampton ; the George, at Hun tingdon; the Eagle and Child, Cambridge; of Messrs. Good 'e and Ranken, Solicitors, Gray's Inn ; and at the O ffi ce o f Messrs. P earce an d Kent, Craig's Court, Charing Cross, Nyllvt'e a Plan of the Estate may be seen. SIR M. M. SYKES'S HISTORICAL PRINTS. TO BE SOLD BY AUCTION, BY ORDER OF THE EXECUTORS, BY Mr. SOTHEBY, at his house, No. 3, WELLINGTON STREET, STRAND, on TUESDAY, 11th of MAY, 1824, and Two following Days, at Twelve o'clock, THE VALUABLE COLLECTION of PRINTS, the property of Sir MARK MASTERMAN SYKES, Bart. of Sledmere House and Settrington in the County of York. PART THE SECOND. Comprising a Selection of the Choicest Specimens of Rubens and Vandyck, many of them Proofs ; the Miscellaneous Works of W. Hollar ; a rich display of the Productions of those much-esteemed Artists, W. Woollett, and Sir Robert Strange, abounding in Rare Proofs and Etchings, including Two beautiful Proofs of the Death of General Wolfe, one in an Itorque state of the plate; brilliant Proofs by the most celebrated Engravers of the Modern Italian School, particularly the Last Supper, after L. da Vinci, by R ap h ae l M org h en , L a M a d onna di S. ist° di Raffaele, by Muller, &c. &c. BOOKS OF PRINTS, including Pennant's History of London, and Herbert's Lambeth Palace, illustrated ; a very interesting . Collection of Prints and Drawings, for the purpose of illustrating Lord Orford's seat at Strawberry Hill ; Elegant Portfolios, &c. Catalogues (Price 2s. 6d.) may be had of Mr. Parker, Oxford ; Mr. Thorpe, Cambridge : Mr. Laing, Edinburgh ; i l essrs. /lodges and McArthur, Dublin ; Messrs. Bobinson, Liverpool; Xesars. Robinson and Bent, Manchester; Messrs. Longman and Co. Paternoster Row ; Mr. Triphook, Bond-street ; and at the Place of Sale. ART THIRD, containing the Italian Prints, may be now , Price ss. No. XXXI. TIIE SOMERSET HOUSE GAZETTE, and LITERARY MUSEUM, published this day, con tains Notices of the Paintings at the Exhibition of the Royal Academy, Somer‘et House, &c. &c. • Published by W. Wetton, 21, Fleet-street. In a few Days will be published, In One Volume, Bvo. DIFFICULTIES of INFIDELITY. By the Rev. G. S. JFABER, B. D. Rector of Long Newton. Printed for C. and J. Rivington, Gi, St. Paul's Church-yard ; Fund 3, Waterloo-place, Pall-mall. REDUCTION OF TAXES. This Day were published, price Is. ERRORS IN OUR FUNDING SYSTEM, with the mode of retrieving them, as pointed out by the New Edi n b urg h R ev i ew f or J anuar y 1823 ; being a Critical Examination of a PLAN of FINANCE, sent to Members of Parliament. _ _ By Mr. BRICKWOOD, Formerly a Merchant and Banker of London. " We cannot suffer ourselves to doubt that it will be adopted 0 1 Majesty's Government, it being the most powerful and cmicacious Plan for paying off the National Debt ever submit. led to their consideration."—New Edinburgh Review 1t23. Printed for Waugh and Innis, Edinburgh ' • J. Hatchard and , Son Piccadilly ; Sherwood, Jones, and Co. Paternoster Row; anclJ. M. Richardson, Cornhill, London. REDUCTION OF TAXES, &c. This Darwas published, price ls. 11RA CTICAL FINANCIAL OPERA , TIQNS, as suggested to his Majesty's Governm en t ; "".„vin_g in view, amongst other objects , the REPEAL of JIcA r EN MILLIONS of ANNUAL TAX ES; Loans on ortage at Four per Cent. Interest on the Resident Land vropnetors of Ireland ; and both the Education and Employ let of the Irish Poor; as the most salutary means of meliorat g their condition. , By JOHN BR] CKWOOD. h 3Gld by C. a nd J. Rivington, Waterloo-place, and St. Pa ul ' s , "ch-yard ; J. Ridgway, Piccadilly; Sherwood , J ones, and ` 41 `.1 Paternoster-row ; and J. M. Richardson, Cornhill. S TRICTURES CURED BY AN INTERNAL MEDICINE. This Day was published, Callow and Wilson, Princes T street, Soho, and Sold by all Booksellers, The Third Edition, enlarged, price 4s. PRACTICAL 0 BSERVATIONSon STRIC TURE, and other DISEASES of the URETHRA, '▪ escribing an effectual Mode of Cure by an Internal Medi. ti nes and proving the application of instruments unneces rYs and generally productive of injury. Illustrated by vases ; and . on the Origin, Symptoms, and Treatment of Dis ease in the RectuM. By WILLIAM RNOIJ, Member of the. Royal College of Surgeons. London. From the difficulty of the Chemtcal Process in the Com po !!tiort of the Remedy (the effects of which are described in Lae eases contained in the Work), it cannot he dispensed by Pres cr i ption, or in the usual conrse of business. • For the accommodation of the Faculty and of persons residing abroad or in the country, the Medicine is sold in Packets of £1 2s. each, by Mr. Gifford, Chemist, 104, Strand. pro the zh 130 eh his eti to, I ana I 6ub le So. in yr eraUY anted .ough The Inc?, torri d the ford, tb• of fJobo Swetet house , nav ia Iwich- krtlior ieorge )21 : - ... ..., Shaw, a trick, street, 'WW I ? the 'amply y g ad rus bf' Sg24' _ 4 4 °- i t .,lk.r o ivi -", 5ft".,,\`....1.4. - - 4--- ' , , -------- • 4,ltßi crIL----_—_,-,. , , • - 1.- " A '`‘' ' 'il:—: ---- - - -- - - . . . , / 4 pit A l Mk \ . ... .41 SATURDAY, MAY 8, 1824 MILK PUN CH, at. 425., and CONCEN TRA FED PUNCH, at 605., per dozen : the former is drank cold, the latter, with the addition of Warm Water only, makes the most delicious Punch. Sample Bottles, with directions for use, may he had at C. BARRONS, Foreign Warehouse, 19, Pall Mall. Maraschino di Zara, Curagoa, Dantzick Cherry Ratifia, Gold Water. Persica, &c. 16s. per bottle; Kerschenwassen Liquor, Creme de Rose, de Maka, de Quatre Fruits, de Cadre, Noycan, &c. 13s. per bottle; Cherries in Brandy, ss. 6d. per bottle; Old White Cordial Cogniac Brandy, 7s. 6d. per bottle; Old Jamaica Rum, Hol lands, ite. Lists, with the prices of an extensive variety of Wines, Liquors, &c. may be bad per post. Champagne, of first quality, in pints, 60s. per dozen ; in quart bottles 174 to £5 los. per dozen. INTERESTING TO THE LADIES E LEONORA'S - SAINTO OILS and PASTE, and FINE LAVO CREAM. The Recipe for the above most valuable and .well-known Articles having lain dormant for some., tints, through the Death of the Proprietor, and, front the many applications made by Nobility and Gentry to the Grand Daughter of the above, has induced her to revive them. Sano Oils and Paste, for eradicating and preventing the growth of Superfluous Hair, sold in packets. containing Di rections, and Depilatory, at ss.—Eleottora's Fine Lavo Cream, for beautifying the skin, at ss. each, may be bad of the Pro prietors, 54, Gloucester street, Queen-square, Holborn; also, at 57,Newliond-street; 76 and 150, Oxford-street ; 91, Pic cadilly; Stradling, Royal Exchange Gate; Hix, front of ttuyal Exchange; and of all the respectlble Medicine Ven ders and Per turners.. PARLIAMENT. HOUSE OF LORDS, MAT 7. Lord CA RBERY presented a petition from Thomas Allen, the agent of Francis Stephen Dillon, one of the claimants of the Roscommon Peerage, praying that the consideration of the claims to the said Peerage might be postponed, as the peti tioner's client, being a prisoner for debt in Dublin, had not yet been able to procure certain documents necessary to his case. Lord REDESDALE presented a counter-petition from an other claimant, of the name of Dillon, stating that he had been in attendance for forty days with his witnesses, and praying that the consideration of the case might not be unnecessarily postponed. _ _ After some conversation, it was agreed to postpone the fur ther proceedings on the claim until the 13th of the present month. Lord CARBERY presented a petition from the Clergy and other Inhabitants of the Diocess of Cork and Ross, which complained that a School had been removed from Ross to Cork, and that the Salary allowed to the School had been taken away by the Board of Education, and prayed that the same might be,restored. Lord RAVENSWORTH presented a petition from a Parish in the County of , Durham, praying for the abolition of Slavery.% On the m o ti on for the second reading of the United General Gas Bill, the LORD CHANCELLOR stated some objections to the wording of several clauses, and hinted that the measure re quired more consideration than it appeared to haVe received elsewhere. He reminded their Lordships that no redress could be obtained from the company except in their corporate capa city. He observed, that one Clause provided that their capital should not exceed 1,000,0001., but how much that capital was to be, whether 1001. or 100,000/., was no where stated. After a short conversation between the, LORD CHANCEL LOR, Lord REDESDALE, and the Earl•of SHAFTESBURY, the second reading was postponed till Monday. The Exvh eci and the Sugar bou.o.tes But were committed. uer Bills Works Bill, flip .D.Ltes The Marquis - of LANS DOWN - presented a petition from the town of Brixham, in Devonshire, near Torbay, praying for the enactment of a law to facilitate the recovery of Small Debts.—Adjourned to Monday. HOUSE OF COMMONS. On the motioa of Sir WILLIAM CONGREVE the Equi table Loan Company's Bill was read a second time, and order ed to be committed- . . _ _ ........ Mr. LOCKHART presented a petition from the Pawn. brokers of London, against the Equitable Loan Company's Bill. —Ordered to be printed. The Kensington Canal Bill was read a third time, and passed. Mr. MANNING moved the second reading of the West In dia Company's Bill. Mr. lIUSKISSON suggested the propriety of postponing this Bill until the question relative to the legality of the mea sure were ascertained. The Bill was then postponed to Monday next. PETITIONS. Mr. DAVENPORT presented a petition from Northwieh, Cheshire, against the Beer Duties Bill. Mr. JAMES presented a petition from Charlton Row against the grant of Public Money - for the Building of Churches. Sir ISAAC COFFIN said it was obvious the petitioners were not. Church of England men. Mr. JAMES maintained that they were all most respectable men.—Ordered to be printed. Lord BINNING presented a petition from Rochester and the City of Edinburgh against the Beer Duties Bill. Similar petitions were presented from Glasgow, Yeovill, Loughborough, Stirling, Walsall, Lancaster, Stockport, Not tingham, and Salkeld. Mr. MUNDY presented a petition from D er by and its vici. nity, against the Window Tax. Mr. LEICESTER presented a petition from Preston against Negro Slavery. Mr. HOPE presented a petition from Linlithgow, against the Poor Laws of Scotland Bill. Mr. H. DRUMMOND declared his determined hostility to the tneasure in its present state. It was calculated to do great mischief. ' Mr. KENNEDY defended the measure. It was not fair to pronounce upon it until it had gone to a further stage, when it would he in the hands of Members. -------- Mr. W. DUNDAS strenuously opposed the measure. Sir G. CLERK also spoke against it as one which gave gene ral dissatisfaction. Mr. LITTLETON presented a petition from Walsall, Staf fordshire, against the Hides and Skins Bill. "Mr. LAM BTON presented a petition from South Shields, in favour of the Hides and Skins Bill.—The Honourable Member also presented a petition from the same place against slavery.. . Similar petitions to the last were presented from Salkeld and Newcastle-upon-Tyne. Mr. CURWEN presented a petition from Gosport against the Salt Duty. Mr. DENMAN presented a petition from the Boot and Shoemakers of Nottingham against the Combination Laws. The Committee' on the Pauper Lunatics Bill was postponed to Friday next. Lord ENNISMORE presented a petition from Chivering, Ireland, against the removal of the Linen Bounties. Mr. CALVERT presented a petition from certain Auc tioneers of Unredeemed Pledges, against the Equitable Loan Bill. Mr..GORDON presented a petition from Mr. Fuller, late High Sheriff of the County of Wilts, praying for some Amend ment in the Law of_Agsaults. Mr. LESLIE FOSTER presented a petition from Dun dalk, complaining of the Regulation relative to the Importa tion of Foreign Flour. The LORD ADVOCATE presented petitions from KU neddin and Edinburgh against the Stamps on the Admission of Attornies. _ _ Mr. T. WILSON presented a petition from the Licensed Victuallers of the Metropolis against the Beer Duties' Bill. Mr. Alderman WOOD supported the petition. Sir J. MACKINTOSH presented a petition from Inver. ness in favour of the Scotch Jury Bill. . The Hon. Member also presented a petition from a sect of Protestant Christians in the City of Dublin, called Separatists, praying to be relieved from the necessity of taking an oath.— They prayed for the same privileges and exemption as the Quakers enjoyed. Sir THOMAS LETHBRIDGE presented petitions from Bath and two other places, against the Beer Duties' Bill. Mr. F. BUXTON presented a petition from Newport, Isle of Wight, against Negro Slavery. Mr. LEICESTER presented a petition from an individual of Chester, against the continuation of the Salt Tax. Mr. J. BENNETT presented a petition from the Licensed Victuallers of Richmond, against the Beer Duties' Bill. A similar petition was presented from Bridport. Sir IL PARNELL presented a petition from certain Mer chants of Dublin against the D ut i es on Th rown Silk. Mr. JOHN SMITH presented a petition from certain Dis senters in the City of London. These petitions were severally rea d an d l a id on th e t a ble. 1 BREACH OF PRIVILEGE. Mr. ROBERTSON rose to complain of a breach of the pri vileges of the House. If speeches delivered in Parliament were to be reported out of doors, nothing could be more important to members than that they should be reported correctly; and if a contrary practice existed, it could not too soon be put a stop to. The House might perhaps remember, that on the preceding evening he had called its attention to a subject no less weighty than the religion of a whole nation. If he could be capable of treating such a subject lightly, he should feel himself unworthy to sit as a member of Parliament; and yet such was the impu tation to which he was likely urbe subjected by a paragraph in a paper called the Globe and Traveller. He would state to the House the words which were attributed to him, andof which he complained. He was confident, personally, that he had used no such words ; and his recollection was borne out by the re ports which had appeared in other papers. The Wok and Traveller charged him with having said, speaking of the Ca tholic question as applied to Ireland, that " he conceived it a measure most easilY accomplished, if Ministers would set about it ;" now what he bad said was this—and the House probably would recollect it —" that it appeared to him to be a question of so much importance, that lie was afraid Ministers had not courage to enter into it." The SPEAKER begged to ask with what motion the Hon. Member meant to conclude? If the Hon. Member meant to complain of a breach of privilege, and to call the party who bad committed it to the bar, the regular course would be, to put in the newspaper complained of, and have the paragraph read. Mr. ROBERTSON said it was of the utmost consequence to him and to every Member, to stand in a proper light with the House. For himself, he belonged to no party ; that fact was pretty well known • and it was too often, he was sorry to say, that he was grossly misrepresented in the newspapers. The charge of having tritigdWith the religion of a country was a charge of such a nature as he could not pass over in silence ; but he trusted that, without carrying his complaint any further, what had already been done would have the effect of rendering parties more cautious. Mr. Alderman WOOD presented a petition from the Master' Warden, and Assistants of the Company of Butchers, in favour of the Hides and Skins Bill.—Ordered to be referred to the Committee on the Bill. CORN LAWS. Mr. BROWNLOW presented a petition from the Land holders, Farmers, and others, in the County of Armagh, com plaining of the law which required 1961b5. of flour as the pro duce of every six bushels of foreign wheat ground for exporta tion in this country. The petitioners represented that five, bushels were sufficient to produce that quantity of flour, and thence inferred that under the present law one bushel out of every six was likely to come into the market, for home con sumption. _ . HUMS expressed himself gratified for the liberality dis played by these petitioners, which showed on what principles the landed proprietors were disposed to act. Sir T. LETHBRIDGE thought the prayer of this petition could not be too much attended to, but was surprised to hear the Hon. Member for Aberdeen taunt the Corn Growers on their 'liberality. He thought they had proved themselves as liberal as any other body in the country. Ile was one of those that objected to the present system of Corn Laws, and was con vinced that a time would come when it would be found neces sary to alter them. Mr - 1 . 1 twn --‘ ' 3 ' v"- - r --- once of guarding, as much RB. possible, against great fluctuations in the prices of corn. Ile admitted the Landlords of Ireland to have been benefitted by the importation of Corn into this country from that, but the peasant remained in that state in which Dw..e o'sytn, him to exist a century ago. He approved of this Petition, and hoped the example of the petitioners would be extensively followed. • • _ _ — SI; J. NEWPORT warmly defended the measure which had established a free intercourse in Corn - between Eng land and Ireland, and expressed a surprise at the remarks which had been fallen from the Hon. Gentleman relative to that measure. Mr. MONCIC explained. Lord MILTON was one of those persons who supported the Corn Laws in WIS. The lion. Member behind him must know very in little a n t that o f the state to of havel eland wben he represented th e far mno interest in the price of Corn. countryr held his land by an under lease, who could not have his rent raised upon, was pecul i ar l y i ntereste d i n the price of grain. He was surprised at the attack which he made on the measure for Permitting a free intercourse in Corn between the two countries, and believed the Hon. Gentleman to be the first man who had ever impugned it. With all the latter part of the petition he concurred, being o f op i n i on t h at at warmth with which th e s ome alteration in the law *as necessary. He was surprised Hon. Baronet (Sir T. Lethbridge) had noticed what had fallen from the lion. Member for Aber deen respecting the Corn Growers. Mr. BROWNLOW spoke in praise of the law which per mitted a free intercourse in Corn between this country and. Ireland. The manufactures of- England, even to the pins which held the peasant's clothes on his back, went to Ireland, and he knew not how these were to be paid for, if Corn were not accepted in return. The petition was ordered to be printed. Sir E. KNATCHBULL presented a petition from the Li , against the Beer Duties coenrdseerddVtioctbuaellperrisnote(flC.hatham IRISH CHURCH. Mr. HUME gave notice, that on Wednesday next he would move for returns of the Resident and Non-resident Clergy in Ireland. He would also move for Accounts of the Amount of the Church Revenues in that country, and of the appropriation of the same. ..... Mr. GOULBURN said the accounts to be called for by the Honourable Gentleman had been ordered, were nearly com pleted, and he had no doubt would be laid on the table in a few days. A petition was presented from the Licensed Victuallers of Brampton against the Beer Duties Bill.—Ordered to be printed. On the motion of the CHANCELLOR of the EXCHEQUER, the repeal of the Beer Duties Bill was brought up, and ordered to be taken into further consideration on Monday. BUDGET. The CHANCELLOR of .the EXCHEQUER moved the Order of the Day for the House resolving itself into a Commit_ tee of Ways and Means. The motion was agreed to; as was one for referring the Ba lance Sheet laid on the table of the House, and other papers, to the said Committee. The House having resolved itself into a Committee, HEQUER said he did not The know CHANCEL for him to trouble the thatitwo L u O ld ß b o e f n th e e ces E sa X ry e House at any great length in submitting to them those obser vations which it was his duty to make o n th e p resen t occas i on , prefatory to the motion which he intended to put into the Chair man's hands, for a further grant of the 'Ways and Means for the year. As the votes which he had now to propose were the last which he should call for in the present Session, it became his duty, in conformity with the pFactice which had long pre vailed, to take this opportunity of recapitulating to the Com mittee the sams which had already been voted in Supply, and to explain to the House any farther measure which it might be in the contemplation of Government to submit to Parlia- ment. The Supplies already voted by . the House amounted to - • d Of which there had been appropriate— For the Army - The Navy - The Ordnance - `Miscellaneous Services Exchequer Bills - - £18,284,714 - 7,418,576 - 5,762,893 - 1,410,044 - 2,623,2(11 - -1,050,00 U Total - £18,284,714 There had also been voted in Supply the sum of 30,000,0001. for the purpose of paying off Exchequer Bills to a like amount, which were outstanding in January, 1824. The whole slllll however, which was r equ ired for this ser v i ce was 34,031,000/. There of course remained after the 3 0,000,000/. which he had stated to be already voted, 4,031,0001. to be provided. Ile would presently state how he proposed to deal with that charge. He would now go over the votes which the House had already sanctioned to meet the Supplies of the year. They had granted in Annual Duties, Sugar Duties, anti Daties on Foreign Spirits _ - £3,000,000 For Naval and Military Pensions -- 4,620,000 Payment from the East India Company, in con formity with tile arrangement made last year on account of Half-pay and other charges for Officers and Troops serving in the East Indies 50,000 There was also a small Surplus in the Ways and Means for last year of 41,597 Official Salaries Ii i:0 ° ,0 0 0 00 9 made under an Order: in Council in which :le great Officers of State and I. 7 it inr2Tad2nh, fortsiisn forconexttContributionrfPublicoibriun tii toy N n i w ' w o r tah k s fs r o m other persons in official situations, transferred 10 per cent. on the amount of their salaries to the public. That sum was so contributed in imitation .of his Majesty, who had given up 30,0001. from the Civil List, and it had been arranged that it should not go to the Consolidated Fund, but brought in aid of the Ways and Means of each year. It was, therefore, unneces sary that it would be Noted, though he was free to take it as an item in the Ways and Means. The several sums which he had enumerated would be found to amount to 7,861,5971. He then proposed to take 10,600,000/., as the surplus of the Con solidated Fund, after paying all charges on it, and-be would no* state how this surplus arose in the present year. He h a d estimated, at the commencement of the present Session, that the revenue for 1824, would amount to - - .C 51,265,000 Adding to this a portion of the repayment of the Austrian Loan, which cattle into this year 1,422,000 And Sums recovered from certain Public Ac countants - - 223,000 Gave a total of . - X 52,909,060 This sum, however, he did not take to the Consolidated Fund, as 3,000,0001. were to be deducted from it which arose from other sources than the regular supplies of the year 'He had, however, as he had shewn, Ways and Means for the current year, amounting to - - - - £52,909,000 But from these he proposed to deduct, for the pro bable falling off on account of Taxes repealed - 1,200,000 There would then remain - - . - • £51,709,000 The 1,200,0001. which he had proposed to deduct from the first-mentioned sum, was made up partly of the expected actual decline of revenue from taxes repealed, and partly of repayments made on account of the Duties on Silk. He might as well here take the opportunity of stating, the total amount of the repayments on account of the Silk Duties. He be lieved that it would approach 500,000/. This certainly ex ceeded what he had flattered himself would be the amount, but it fell infinitely short of the enormous sum which : it had been held out to them would be necessary, and so held out to terrify them out of a measure, which, sound in principle, far from realizing the evils which had been anticipated by some, would, he was confident, produce that great and general be nefit which he and others who supported it had calculated might be expected. It was a subject of just congratulation to the House that a measure of that kind conflicting with so many established opinions and interests, should have been carried into effect as this had been. The individuals whO had -in the first instance been alarmed at the proposition, had, in their efforts to induce Parliament to reject it, conducted them selves in that way which had always distinguished their pro. ceedings, and which entitled them to the kindest attention of the House whenever aught which affected their interests might be brought into discussion. It was highly satisfactory to know that the change had been so quietly effected, and he begged, to state it to be his opinion, that this might be regarded as the triumph of truth over prejudice, on which those by whom it had been achieved had a right to congratulate both the Par liament and the. Country. The 500,000/. repaid to effect this object—those who wished to act on sound principles, as well as talk of them (which almost every one was given to do), _would consider to be money to be well laid out. It had the effect of keeping the silk trade in a constant state of activity in every part of the country, and had served to remove the whn mirrht naterwise the new measure. From the sum which he nzultwr ia men tioned - £52,907,500 He would deduct for aids, not connected with the regular supplies of the year, 3,000,0001., and for deficiency of revenue and re-payments on ac count of the Silk Duties, 1,200,000/. ;in all - 4,200,000 And there would remain, on account of the Con solidated Fund The expenditure for the present year he had esti mated at - 48,707,500 33,057,650 Which left a surplus of nearly - 10,650,000 This by a resolution then in his hand he meant to take as the s urplus of the Consolidated Fund for the present year, and to appropriate it as part of the Ways and Means for 1824. He had stated that with respect to Exchequer Bills two grants of 15,000,000/. each, voted in Exchequer Bills had been made to pay other Exchequer Bills which were outstanding at the com mencement of the present year. These, however, covered but 30,000,000/., and the remaining -4,031,0001., or there abouts was to be provided for. The way in which he would i provide for these outstanding Exchequer Bills was to avail himself of the growing produce of the Consolidated Fund.— 1 This would be attended with less expence than an issue of Exchequer Bills in the usual way. Gentlemen conversant with these subjects, knew that the charges on the Consoli dated Fund were not to be met till the end of the quarter.— The money, received as the quarter proceeded, accumu lated, but without benefit to the country. An Act had passed some years ago, but it was temporary in its character, which went to allow Ministers to avail themselves of the growing produce of the Consolidated Fund, provided the amount of the same did not exceed 6,000,0001. From the arrangement made with respect to the Sinking Fund, it had not been ne cessary to have recourse to the produce of the quarter ; but still there it was, and if any saving by means of it could be made, this ought to be done. Ile therefore submitted to the House that it would be desirable to provide for the Exchequer Bills of which he had spoken—the 4,031,0001. out of the grow ing produce of the Consolidated Fund. The effect of this would be, to put one part of the debt against another—to pay one set of bills by another set; but as the outstanding bills would be paid by those of the next quarter, it was clear that the interest on them would not be equal to a whole year's interest on other bills. The same expence, therefore would not be incurred by this course, which would fall on the country in the ordinary way. He calculated that in this way the charge in question might be met, leaving a small surplus of about 155,000/. This was all that it was necessary for him to state, with respect to the votes which he had to sub mit to the House. He had, by mistake, stat e d th a t 30,000,000/. had been voted to cover d amount of Exchequer Bills out , standing at the commencement of 1824. This was not so. In point of fact, only 15,000,000/. had as yet been voted. He had the for the other 15,000 1 000/. then in his hand. It was not necessary that he should go into any general observations on the financial prospects or commercial relations of the country. These were now well understood in the House and out of doors ; they had been much discussed at an early period of the Session, and it would therefore be a waste of time to trouble the Committee with any thing of that nature. The observations growing out of these would occur to every one, and could gain no additional force from being uttered by him. His Honourable Friend near him (Mr. Ilerries) had reminded him of one subject to which it would be proper to call _the atten tion of the Committee; the plan which he had opened at the 'beginning of the Session, and which this House had enabled him to carry into effect for the reduction of the Four per Cents. lie had proposed that the holders of that Stock should receive for every 100/. Four per Cents., 1001. in a Three and a Half per Cent. Stock, with a pledge that the said Stock should not be redeemed for five years. He had further proposed that all those persons who would not receive the Three and a Half per Cent. Stock for their Four per Cent., should be paid off one-third of the amount of their stock on a given day. The Treasury were to give six months notice of such an inten tion. He had not thought it prudent at the commencement of the Session to propose paying off more than one-third of the whole stock. If the assents had been very few, or if there had been none, it might not have been easy to find 75,000,000/. to pay all off. Had two thirds assented, it might, not have been very difficult to provide 25,000,000/. to pay oi l* the remaining third. But he had said, if a large proportion of the, stockholders should agree to his preposition, it mightthe a n t become necessary to give an additional notice of the tithe second which the remainder should be paid entirely off. notice had accordingly been given, and that op erano take place on the 10th of next October.. The eon.equence was, s that after that time all who had assented wouldAn receive Was to per cent. on their stock, and the remainder would be paid off. It • might be satisfactory to the House to know that the assent; amounted to 68,00,000/, of the Stock. This he thought fur nished a very satisfactory proof of the confidensc reposed in the credit and good faith of the country.. He could not have ex pected that the dissents would be so few. To pay off these, 1,000,0001. would be required in October. It was true, that persons who had not yet assented were not precluded from doing so, and the ninnber might be further reduced, but he calcu lated that from 6 to 7,00,0001. would be wanted for that pure pose. He would now describe the mode in which he wished the holders'of that 7,090,0001: 4 per cent. stock to be paid off. The most natural, easy, and obvious coprse seemed to be to pay them. in Exchequer Bills, bearing a moderate interest (on which he should say a word or two presently), in such a way as would 'best suit the market. "The immediate effect of this would be to'add 7,00000/. to the unfunded debt. Now if this were to be left as a permanent addition, he should not think the -plan would he considered a wise one. Though Exche quer • Bills were in great request as a floating and convenient security, it was the ditty of Government to take care that that floating debt was not too largely extended. Carried to an excess, though the market might hear the issues very well for a time, on any sudden emergency great difficulty might be experienced from their not being kept within reasonable bounds. He thought it desirable that the Four per Cents, should be paid off in ExChequer Bills, but at the same time lie was of opinion that it would-be expedient to provide for re deeming those Exchequer Bills, interest as well as principal. within a moderate time. - He therefore proposed to charge both principal and interest on the Sinking Fund. If this were the whole of his proposition, it was clear that while the Sinking Fund was' engaged in discharging these Exchequer Bills, it could not be employed in the redemption of the funded debt. Now, as they were bound to keep the Sinking Fund operating on the funded .debt, he conceived the most reasonable course would be, not to cancel the Four per Cents. as soon as they were paid off, but to transfer them, with an interest of Three per Cent., to the Commissioners, es an additional quant ty of reduced debt to remain in their hands. This done, when they had paid off the amount of the Exchequer Bills, the Funded debt reduced Would be no less • than would be redeemed, if the Sinking Fund continued to be employed as it was by law at present. —The rate at which he proposed that 'these Exchequer Bills, both principal and interest, should be paid oft' by the Sink ing und, was that of 1;000,0001. per quarter, till the whole should be discharged. It was clear that thus proceeding with stock amounting to 7,000,000/. or thereabouts, seven quarters must elapse before the whole would be gone through. By some it might he thought that he proposed to pay them oft" with less rapidity than was desirable. This, however, was not the case. It ought to be recollected that it was impos sible for the whole of the Sinking Fund, which, at the com mencement of 11124, amounted to 5,134,4531., to be applied to the redemption of the new Exchequer Bills. The Sinking Fund was not only applicable to the debt, but there was a charge fell on it for Life Annuities, which amounted in January last to 519;000/. It was probable that purchases of Life Annuities in place of stock might vary that charge by the end of the year; but whether it should be more or whether it should be less the whole of the Sinking Fund could not be applied to the dis charge of Exchequer Bills. It was liable to other demands.— There were the Unclaimed Dividends for instance. When these were taken for the public service the Sinking Fund was saddled with the duty of answering the demand of any claimant who might come forward. No large sum was likely to he called for in this way, but a portion of the Sinkine. Fund must be reserved to meet such applications. Under all these cir cumstances, lie therefore thought that 1,0110,000/. a quarter was as large a sum as it would be expedient thus to apply. There was another matter relative to the interest on Exchequer Bills, on which lie had now to address the Committee. In the course of the present Session, various questions had been put to him, as to what he intended with respect to the interest on Exchequer Bills. The Hon. Member for Taunton (Mr. Baring) had spoken very strongly on this subject, and had been of opinion that while they proceeded to reduce the Four . per Cents. they ought to reduce the interests on Exchequer Bills. He (Mr. _i_Barimea-ilsetughtethie_would rather tempt the public to take the terms Government offered, which they might not do if they had the means of using their money which Exchequer Bills afforded. He (the Chancellor of the Exchequer) had however not approved of this course.—He had not thought it wise, and he must confess that to him it had not appeared very fair. Had it been done, and they had found themselves unable to pay off all the dissentients, it might have been deemed expedient to make such issues of Exchequer Bill's as would ultimately have re'idered it neces sary to raise the rate of interest on them again, for ". could hardly have be: expected that the m a rket c o u ld abscise) ' sues of such magnitude as must have taken place in the case suppos. ed. First to reduce the interest and then to raise it again would not seem fair to those who assented to his proposition, and they might say, " had we known such would have been the case, our assent should never have been given :" and it would seem as if the interest had been lowered to c o m p e l th e ir acquies cence, and afterwards raised when the purpose had been an swered. But at the same time that lie felt this, it was impos sible for Ministers not to turn their attention to the market for Exchequer Bills. When they saw that they bore a premium he believed of no less than ns., it was clear that with such a demand for them, things could not be allowed to do on long. He had certainly contemplated that a time would come when it would be the duty of the Government to see if they could not save the country a part of the expence occa sioned by Exchequer Bills. That time he considered now to have arrived—(lieer !)---He proposed to diminish the number of Exchequer Bills by the plan which he had described for meeting the 4,000,000/. now outstanding. Such being the case, he conceived the market could bear a reduction of the in terest. He would move, therefore, that the next issue of Ex chequer Bills should be at a lower rate of interest. At present the interest was two-pence per day. He had every reason to flatter himself - that in the present state of our commercial' relations, and of the country generally, the market could bear a reduction of one halfpenny per day. This measure in the present year would produce no reduction of expense, for the same interest as heretofore would continue to be paid on the bills already in circulation. The expellee of the last issues would be the same as usual, but in the course of next, year a saving would accrue if the market could bear that reduction which some thought it could. If the reduction of a half-penny per day could be borne there would be a saving of abOtit . 220,0001." on 30,000,0001. in Exchequer bills. This would be in addition to the other saving which he had stated would arise irom the proposed transfer of the 4,000,0001. in outstanding Exchequer bills to the Consolidated Fund. The sum in consequence of _these arrangements which he should next year have to call for in supply for the interest of Exchequer Bills, instead of being 1,000,0001. as he had esti , mated at the opening of the present Session, would be miner that sum by no less titan from two to 300,40/. He did not know that he had any thing more to state. lie had explained to the Committee the view which he took of the revenue, and expenditure of. the country. He had described the resources which were at their command, and also the manner in which he proposed to provide for the Exchequer Bills,. and for the pay ment of the holders of 4 per Cent. Stock who lied dissented from his propositions. It did not occur to him that he hail atiy t move of i b n vr g en t ti h o a t to d n d t h ; we but islenih h he f mights h l o: ob d ooe ,b_orepe_7hoiva..pi should . 0 t l o i furnish n iig i ar a s a rtie r o i a y .; 1.1:1 further coincided with what the , , hoped these measures n chequer Bills for the service of 1824. • Sir H. PARNELL said, that there were some parts of the statement of the Right Hon. Gentleman, wjtli . which h -e could not, and some with which he could a gree. . With respect to the r G e o g v ul er a n ti m on e s nt on ha were as yet at the outset at their measures, and the advantage _l!ad ,??.? yet beconie apparent.; but he was certain it soon would. rile same might be said i That had never been done, and reference to the tdh d e i d it oS Y nile : would not be regarded as iMa r l e _ ircumstarices might occur to require a change in ther;h a e , atter. The case of the Timber Laws was in point " a (ssedra.)—f A very i .mperfect Act relat ing to timber had passed few years ago, on the under standing that it was either . T wT r o a ho e le l l e y. I le i 1 : to be repealed or modified 'as cir cumstancesthe country was annually losing ver Y considerable sums of inconsequence.-.(Hear!) --Th money ere was another point of great i m portance-the public debt. T • his would not be reduced by what was called the Sinking Fund - of o 000 0001 Not only wa s the amount overrated, for it ' ' . did not exceed 4,000,0004 but A wrong name was given to ' sur plus or reserved fund. The lt. It should be calied_ a another war, this fund wouldno9ment we should. be engaged in Ministers. He was d • be,...seized and appropriated' by estrous .of suggesting a real Sinking Fund on the principles of the Long Annuities. It was not the first time he had m a d e such a proposition, and last year it had re ceived the support of his lamented Friend, Mr. Ricardo, as well as the general approbation of well-informed persons out of doors. It would be, in his wou SUN. Pittcr, StvtxpzNct. r f1,.... yen, aro edid hid The eu- TY. t of lgate :MO Aarly xley 1 - ) r . ning- then re, ti,` ussoll'