The Sun. — London, England, 1822-07-26 00:00:00

\i " s ~ -• ~, ~i t tr,l \ ' -.1-I -__ ?!;t Ns% 1.5. x / S //,4 "VI • ,ezt• f/I ), L , A" , --(p a / 7 -y. I )47 / NUMBER 9335.] FRIDAY, JULY 26,51822. PRICE SEVENPENCE. VICTUdLLING-OFFICE, July 23, 1822 THE COMMISSIONERS for VICTUAL LING His MAJESTY 'S NAVY do hereby give No t'Le3 That on Tuesday, the $Olll Instant, they will be ready (o receive Tenders in writing (sealed up), and treat for One Hundred Tons of MUSCOVADO SUGAR; th be answerable to samples of not less than two pounds weight each, to be produced with the Tenders; Fifty Thousand Gallons of WEST INDIA RUM ; Two Hundred Quarters 'of NEW ENGLISH PEASE ; Nil most respectfully informs his . best Friends the Public, that the TWO PRIZES of ,£20,000 Must both be drawn in tit.: First Five Minutes, NEXT TUESDAY. And the Wheel, independent of the above, contains TWO PRIZES of £30,000, &c. &c. Cohsols and Money. Warranted Undrawu Tickets and Shares are selling at BISH'S Offices; 4, Cornbill, and 9, Charing Cross, where Three Capitals have been already sold. in the present Lottery. * * *BISH' reminds his Friends they may return, till 26th Inst. their Tickets and Shares bought before First Day ; but he begs them to remember they give up all claim, by so doing, to . .the Capitols; and thou: now 'indrawn, which ate returned at £2O, are of as much value as those selling at £24 tBs. and Sixteenths returned at :£1 Gs. 6d. if ;Indrawn. are of the same value as. those now selling at L 1 .145.• and other 'Shares in the same proportion. PARLIAMENT, sixteenth resolutions deduced from them the following conclu slops : HOUSE OF LORDS, TfluasnAY, JULY Sir J. GaAIIIM, and others, brought up - from the Commons the Hard Labour Bill and the Court of King's Bench Business Bill. Sir J. GRAUAM presented the Reports of the Committees of the House of Commons on the Holyhead Harbour and Roads, from the year 1810 up to the present time, pursuant to an Or der of their Lordships. The Alehouse Licences Bill was returned from the • Com. mops; their Lordships' Amendments having been agreed to. The Orphans' Fund Bill was brought up by Sir Wni. Curtis and others. Thirty Tuns of VIRGINIA LEAF TOBACCO; Twenty Tons of OATMEAL; One Thousand Sacks of BISCUIT MEAL; Lord MELVILLE presented two Petitio;:s from the An nual AsseMbli of Delegates of the Royal Burghs -in Scot-. land, against' the Scotch Burghs Bill and the scotch Magi strates Residence Bill.—They were ordered to be laid on the table. is to duel Thirty Thns of MOTTLED SOAP;, to 6e delivered into the Victualling Stores at Deptford, one half within a Month, and the remainder in a Fortnight• Vierwards. AT REDUCED FARES, TO DOVER, DEAL. RAMS -GATE.- MARGATE AND , CANTERBURY. The Alien Bill and the Irish Constables Lill passed through the Committees, and were each ordered to be read the third time. on Monday. The following Bills were read the third time each; the Court of Exchequer Sittin g s Bill, th e C ourt o f E xc h e querlssue die Salt Duties Reductionll, and the Ireland Temporary Advances Bill. • The Condition: (); f .the Contra - its may lie seen at; this (*c f. FOLTIt INSIDE COACHES, AND KEEP GOOD TIME, By: S. A..MOUNTAIN and Co. Each Tender must sped& the Price in words at length, n 'id -he delivered to the Board before One o'clock ni the 44 qt appointed, and the Person who makes the Tender, or 4 °lne Person on Ms beha4r,attend to answer when called for. itLITTHEW TI ALLER CLIFTO,V. SARACEN's HEAD INN, SKINNEIt•STREI4;T, SNOW HILL, LONDON. The following Bills passed through the Committees and were reported;- the Irish Fisheries Bill, the Charge of Funded Debt Bill, the Receivers General Bill, the Silk Bounties Bill, and the• Royal Burghs Regulation Bill. The following Bills were read the second time each; the East India Company Loan Bill, the New South W a l es D u ti es Bill, the Queen' s Servants Bill, the Irish Salt Duty Reduction Bill, and the Stage Coaches Duty Bill.—Adjourned till to-morrow (this day.) • r iE following POST-COACHES, &c. .set out from the above Inu:— T , re of er I 0 1 0 0 2 4. 30,000 2 . ostY Of tDe w ith rOC' ' te,C ? L r3o NAVY-OFFICE July 23,, 1822. THE Right ; Honourable the LORDS COM MISSIONERS of his MAJESTY's TREASURY having 4 Ppointed Money for the Payment of HALF-PAY to SEA °PFICERS, from the Ist 6f April to the 30th of 'June, 182 2, according to his Majesty's Establishment in that behalf : These are to give notice; that the several Payments will be gin to be made at the Pay-Office, byihe Treasurer of his Majesty's Navy, at Ten o'Clock in the , Morning, on the fol lustintdays, viz. O n the sth, Gth, and 7th of August, to Admirals, Cap talns, and their Attornies. Ou the Bth, Intb, 12th, 13th, and 14th of August, to Lieu tenants and Chaid'ains, and their Attornies. On the 15th and 17th of August, to Masters, Surgeons, and Pursers,. and their Attornies. . . After which the Lists will be .recalled the first and third WednesdaS, in every month; that all Persons may then and there attend to receive what may become payable to them ; and bring with them an Affidavit as required by Order in . Council of 30th July, 1819, the Forms of which were publish ed in an Advertisement from this Office, dated 16th Septem ber, 1819, and way be procured at the Office of the Treasurer of the Nary ; and in case any of the said Officers should trot be able to attend themselves, but employ Attornies for t hat purpose, the said Attornies are 'to produce similar Atli tlarits from the Persons they are employed by. Where Officers are Ahroad.on leave, their Agents are. to r"kince attested Copies of such Leave_before - the Half-Pay can be paid. tatenas by Act of Parliament passed in the 35th year of his . 'laiesty' t " 1 g a raore Reign, entituled, s f An Act for establish easy and expeditious method for the Payment of establish -0 belonging to his Majesty's Navy," it is enacted by ' de 2.oth Clause of the said Act, " that if any Commissioned O r Warra nt 111 ;a1 Officer, who shall be entitled to receive lialf- pap, and shall be desirous to receive and be paid the ( ; 4111 e, at or near the' lace of his Residence, he may apply to he Ti easure:r' of kiis *esty's Nary in London, to have such 11 ; air Pay paid at or-near the place of his 'Residebce, &C. the manner pointetkouthy the said Act." And by a fur ther Act passed ed thein -4fittyear of his late Majesty's Itri gn entitni'l4o o Att for enabling the Officers in his r r a je 4 ty's Nl;y, and their Representatives, to draw for and ! cei re their H a lf-P tiv ," it i s enac t e d by th e I s t an d 3d i-ia ases of the sa id A ct , -" t h a t if any Offi cer i n hi s M a j es t y ' s fat}, who shall be entitled to receive any sum of money for 17.: :1 a ccount of his Half-Pay, shall be desirous of drawing a 11l of Exch ange f or t h e same upon t h e Commissioners of his iit'ii"tY's Nary, i ns t ea d o f rec e iving the same by Reinittance he shall signify such desire by Letter to the Treasurer r' his Majesty's Navy ; and that if any Officer in his Ma- NacY, who shall be entitled to receive any sum of wo es fo r or on account of Half-Pay, shall bc desirous of having lf , : 1411 -Pay paid to him by Extract, at any of his Majesty's Yards, where Clerks for the Payment of Wages for the 'Y shall reside, instead of receiving the same by Remit -141,1c" hill or Bill of Exchange, he is to apply either to the lb,„?,er Clerk at the Navy Pay-Office- in London, or at the lki,',:°ffice at such Duck Yard, signifying such his desire." :to ll :" is hereby further given, tbat the Half-Pay ending the o f Ahof June, 182'2, will commence paying on the sth tlav; of and all Persons desirous of drawing for, or of 4 hri et n g ed t . ll cir Half-Pay remitted to them, may apply as above 4e r- i i ! r `"--liill s of ExChange drawn under or by virtue of the 4 t ,':!ps'e recited, are not liable to the Stamp Duty. titl tc .ersons residin out of his Majesty's Dominions are en the privilege g s of this Act. DRAW e r , „ ONLY TWO DAY TO . 4 " 4 STATE OF D E' TH WHEEL.- &c. &c. Consols and Money. 420,000 sure to be drawn First Five Minutes, •' NEXVTUESDAY, JULY I\ ET • L '!c h v S And SkiA RES (Warranted (indrawn) are Sell. -r•stak;i:kt,CHARDSON, GOODLUCK, and Co. at thvir Old -104. BANK BUILDINGS, CORNHILL ill Shares, 28th March, No. 11,2-21, a Prize of • TWO DA I'S TO• DRA W. A ZARD and Co. respectfully inform the Public that the Whtel contains TWO PRIZES of X 30.000! TWO PRIZES of £20,000 ! . , &c. &c. Consols and Mon e y. • . 41 E 1 E TWO FIRST-DRAWN PRIZES, • Ileii, Las. Da y JULY 0, ~. — l t he Last Day hut One, will receive in Consols. t IAZA • 420,000 each 1 I .ott, — ` 411 .) and CO. Sold the Two First k 20,000 Prizes last CaomroY Contract, and 31 other Capitals; also a Prize of t he p• °, am. in the preceding Lot . tery, and Two Capitals I . lQtjjay of the present Lottery. • . 16 1 t u ,..1 . 1 tb and Co.'s Offices, Pd , Royal Exchange Gate ; -n i s il; and 324, Oxturd-street, near Regent street. It . London, June 97, 1842. A 4 4vE to inform you that the MARQUIS - itas „..44 IiASTiNGS, belonging ) to GEORGE LYALL, E . sq. 1 14)i "uloPleted her • Second 'voyage, to anti from the East 111)i-413,4'V) the Awning and , part . of her Sails niade v o i f la tl g r e i : x e t ,, p .ftUaS, which hail,' preciously to her firs t • 4 r C2, i l ' ar .. e d by you. Although the Awning alluded to in heiii .-.....i.6 Letterof the 14th of July , 1821, is much worn, 1 4 ' e ". th " or th e Sails ha .e t , .t smallst symptom of Mildew: "4. BrOwell & Co. • L.O. EDWARDS, Capt. 4. A Wermanbury. . • The " Telegraph," DOVER; Deal, Ranisgate, Margate, Canterbury, Feversham, and Sandwich, new Post-Coach:— every MOrning at a quarter 'past. 7 o'clock.—ln consequence of the decided preference given to the above Coach, the Pro prietors- are deterinined no expense shall be spared to reader it the first Conveyance on the Kent road. BRO11PTON,• Chatham, Rochester, Pravescnd, Stroud, Slttinebourne, Mid Rainham, every Morning at a quarter past 7, at Reduced Fares. , • - The " Royal Eclipse," FALMOUTH, Plymouth, Exeter, Truro, Bodmin, Penryn, Ashburton, Totnefis, ‘Veyniuth, DIKCII ester, Dartmouth, and Salisbury, every morning at Seve ; through Huniton, Axminster, Bridport, Blandford, Stockbridge, Basingstoke, Hartford Bridge, Blackwater, and Bagshot. . The " Union," SOUTHAMPTON, Lymington, Lyndhurst. 'Winchester, Basingstoke, Hartford Bridge, Black water, and Bagshot, New Four Inside Coach, every Morning at half past Seven; arrives at the Coach and Horses, Southampton, by Fire. This. is a most delightful Conveyance to the Isle of Wight, Jersey, Guernsey, St. Malocs, Hivie de Grace, Cher • bough, &c.—The Proprietors of the above Coach hove to receive a continuance of that support which haS hitherto been experienced since the commencement of the •' Union."—No racing with other Coaches. , - BATH and BitISTOL Flying Post-Coaches, through Chi p penhain,hie, Marlborough, Newhury, and Reading, every Afternoon at one.; 'arrive at Mr. May's, the'Greyhound Bath, and the London Taverns Thomas-street,. and Swan, Bristol, early next Morning.—Coaches to Wells, Bridge water, Taunton, and Plymouth. The " Umpire," a New LIVERPOOL Light Coach, only one-Night on the Road, carrying Four Inside, sets out Daily at One ; arrives at Liverpool next afternoon at Five, an ongh Woburn, Lath bury, Northainpton, Welford, Lutterworth, Hinckley, Atherstune, Litchfield, Stone, Newcastle, Knuts lord, IVarrington, and Present. . REWSSORY , Wellington; and Shitfnal, Light Post- Coach, every A fternOon.—GuNtled. The "Union," WEYMOUTH, Dorchestcr,Blandlord; Solis= bury , Andover, Overton, Basingstoke, Hart lord Bridge, Black waterond Bagshot, new Post Coach, every Afteruoan, with two Coaehmen : only.----The Packets front Weymouth to Guern sey, Jersey, Cherbourg., St. Maloc's, &c. every ,Wednesday and Saturday afternoon, at Two O'clock. BARNSTAPLE and Soutinuolton New Light Post Coach, every Monday, Wednesday, and Friday Mornings at Seven • The " Rockingham," LEEDS tight Post Coach, sets oat every Afternoon at Four; and passes through Balduck, Big glesivade, .Eaton, Stilton, Greet - ham, Grantham, • Bawtry, Stamford, Mar kham Moor, Newark, Rut ford, Doncaster, and Ferrybridge, to tire Gulden Lion, Leeds, next Afternoon.— Luggage and Packages only 2d per 14.—Notwitlestandiug the uncommon Expedition of this Coach, it is allowed to •ion the most agreeable and complete Public Conveyance on the North Road, being unequalled by any other. HARROWGATE and Ripon new Light Post Coach, every Afternoon at Four, and Eight in the Morning. GLASGOW, Longtown, Gretna-;-;reen, Annan, Dumfries, Brownhill, Thornhill, Sanquitar-Kiln, Conmuck, Kingswell, and all Parts of Scotland, a light four inside Post Coach daily. • • The "Express," to YOR.X., Scarborough, Whitby, Shields, Sunderland, Neweastie,:k. Edinburgh, a Newlight four-inside Post Coach, with a Guard throughout ; sets out every Morn ing at Eight o'Clock, hy way of Newark, Retford, Doncaster, Ferrybridge, Tittle:Aster, Darlington, Northallerton, Durham, Mon petit, and Berwick, and arrives at York the next Morn nig at half-past Twelve o'Clock. Passengers finding them selves fatigued ten the journey, may rest what time they please, and then proceed without any additional Fare. MARLBOROUGH and Swindon, new four-inside Coach, through Millman', Reading, Lambeenru, Porton, Lydiugton, Pewsey, Wootton Basset, Ramsbury. Hungerford, Newbury, and Maidenhead. BUIDGENORTH, Walsal, Shrewsbury, Salop, and Holy head New Light Four Inside Coach, every Afternoon. BOSTON, Hort►castle, Spalding, Pete► borough, Stilton, and Huntingdon Day Coach, to Spilsby, Louth, t.►i rshy, and Hull, Morning, at Half-past Six. The only Day C.4icli to Boston and Horncastle. The •' Express," a New Light Four-inside Post Coach to CARLISLE, Peurith, and Whitehaven, : roes with Four Horses, and a Gua►d all the way, passes through Wong!), Appleby, Greta-bridge, Richmond, Gitterick, Boroughbridge, Wetherby, Aberlord, Ferrybridge, Newark, Do►►caster, Grantha►n, Stamford, Bawtly, Greetham, Stilton, and Big gleswade. Sets out every Morning, and performs the journey with the greatest facility. Passengers detained on the }toad by business or pleasure, have the peculiar advantage of their Seats being secured in the next Ctiach. KENDAL, Lancaster, Preston, Kirby-Lonstlale, Bolton, Chorley, Ormskirk, and Garstang Light Post Coaches, every ifternoun. The " Royal Ex‘press," Ne►w Light Four Inside Post Coach, to LIVERPOOL, Warrington, Knutsford, Stone, Stafford, and Litchfield, (only One Night on the Road), every After noini at Three o'Clock;. arrives at the Saracen's Head . Inn, Dale-street, Liverpool, next Evening. WAKEFIELD Four inside Post-Coach, called " the Ex press," every Morning and Afternoon. CHESTER, Newport, Whitechurch, Tarporley, Nampt wish, Northwich, and Middlewich Light Post-Coach, every Afternoon. SUNDERLAND, Stockton, and Yarm Light Post Coach, every Morning, to the George Inn, Sunderland. The " Royal Express," to MANCHESTER, Winslow, Congleton,NCWcastle, Walsal, ind Woleerha►uptou,new Four lns►de Post-Coach, every Afternoon.—Only One Night on the Road. SHEFFIELD and Rotherham New Four-inside Post-Coach every Morning, called " The Express," and. also " The Rockingham," at Four in. the Afternoon. The " Royal Express,'! New BIRNHNGHANI Light Post Coach, sets o►ut every Afternoon, car' ying Four inside only ; and passes through Warwick, Leamington, Soot ham, Weedon, and Daventry, to the Saracen's Heart, Bull-street,•Bir►aiug ham, next Morning at half-past Seven o'clock: The express," - a New Light Post Coach, to HULL, Lin coln, Northeave, Homier, and Doncaster, every Morning at Eight o'clock, to the Cross Keys, Market-place, Hull ; and also the Itnrkingilate in the Afternoon at Four u'Cluck. HERTFORD, Ware, Ho.tdesdon, and Cheshunt" Coack, every Al►u•uing. " The Chau, pion," a New light Four-iniide Day Coach to DORCHESTER, Blandiord, Salisbury, Andover, Overton, Basingstoke, Blackwater, and Bagsbot. TOTTENHAM and Edmonton Coaches daily, at Eleven, Half-past Two, Five, and Eight„ * a s . Luggage and k'ucl►ages to Leeds, York, and Doncaster, at only 2(1 pr► pound. S. A. MolitiTAlN and Co, respectfully acquaint their Friends and the Public, that they will not be accountable. for any Parcels, Passengit's Luggage, Writings, Plate, etc, of n►ors t ban- Five,Pounds Value, if lost, stolen, or damaged, un less entered as such, and the Insurance paid aceordingli, at thuSist Aeon's Head Ise, Skitiner-street; HOUSE OF COMMONS. Mr. BARRETT presented a Petition from the Inhabitants of Highgate against, the Highgate Chapel Bill.—lLeferred to the Committee on the said Bill. Mr. CALCHArr presented a Petition from the Inhabitants of Hammersmith, complaining that 'the West Middlesex Water Works Company found means to evade assessment.— Ordered to be printed. The Orphans' Fund Bill, and the Trish Coroner's Bill, we.re read a third time and passed. Thd Reports of the Committees of Supply and 'Ways and Means were brought up, and the Resolutions read and agreed to._ _ — Mr. GORDON 'presented a Petition from the Society of Advocates of Aberdeen against the Stamp Duties Regulation Bill.—Laid on the table. : Mr. BENNET moved for Copies of a series of Official Cor respondence relative to Mr. Theodore Hook.—Ordered. The Militia Pay Bill was read a second time, and ordered to be committed to-morrow. KING'S BENCH PRISON. Mr. BENNET presented a Petition from two Debtors, com plaining that they had been punished with solitary confinement in the condemned cells of Horsemonger-lane Gaol, on a war rant from the Marshal of the King's Bench Prison. He (Mr. Bennet) contended that the Marshal possessed no such power ; that such an act was illegal, and he should take an opportu nity to bring the question before the House.—Ordered to be printed. ANCIENT HISTORIES. The Report of the Committee on the Ancient Histories of .England was br o u g h t up , t h e Resolution read and agreed to, and an Address. to the Crown was ordered in pursuance of the same. OPHTHALMIC HOSPITAL. Mr. DAWSON rose to correct a misrepresentation which .had become public in the usual way in which the expression of their sentiments became known, olsome words which had fallen from him yesterday, in the discussion on the Ophthalmic Hos pital. These words had given pain to an individual, and he therefore was most anxious, as far as he could, to remove all cause for any lunpleasant feeling. In the Morning herald of that day he had been made to say, " that Mr. Guthrie came to the Committee armed with every weapon of malevolence and hate, and did his utmost to embarrass thei r pro cce di r 7,5." Now be begged most distinctly to deny ever having a tt r ib u t e d- male volence to Mr. Guthrie.—(Hear.)—ln the whole course of his life he never met with a more able man than Mr. Guthrie, or one who was so well able to support his professional opinions, which he did most forcibly, but with perfect fairness. - He had Said, and still thought, that the controversy betWixt him and Sir 'William Adams was carried on with a degree of bitterness that was to be regretted; but it was with the warmth of party ani mosity, not inconsistent with fairness. With that controversy, he, who was present as a judge, had nothing to do. Hi s h av i ng charged Mr. Guthrie with malevolence he distinctly denied.— Mr. Guthrie had applied to him as a sufferer from the charge, and he was bound in fairness, as well as happy in the opportu, nity of explaining it. Mr. BENNET entirely concurred in the statement which had just fallen from the Hon. Gentlethan opposite. He (Mr. Bennet) certainly did not hear him attribute malevolent mo tives to Mr. Guthrie, but he heard him state of him what - was greatly the reverse. What the Hon. Gentleman termed party animosity, he (Mr. Bennet) thought might; with perfect jus tice, be called party zeal. Mr. C. GRANT presented a Petition from the Grand .Jury of the County of Louth, Ireland, against the Irish Constables' Bill.—Ordered to be printed. LAST INDIA SUGAR. On the motion that the House go into a Committee on the East India Sugar Bill, Mr. FORBES moved that it' be an instruction to the Com mittee, that the clause relative to clayed sugar 'be struck out, as there was no such thing as clayed sugar imported from the East Indies. He proposed that in place of that word be sub stituted " equal in quality and value to clayed West India. sugar.7' LUSHINGTON did not think it necessary to enter into any discussion on the subject of East and West India sugars. Ile would merely observe, that he thought Legislation had turned the scale in favour of .the East India sugar. The subject, however, would enga ge th e a tt en ti on of the House early in the ensuing Session. if the sugar from the East In dies were equal in quality to clayed sugar, it ought to pay the duty imposed upon it, and as the words at present stood in the 13111, there was no danger of their being otherwise interpreted than as signifying the value of the article. ". Mr. MONEY could not conceive why the Hon. Gentleman opposite (Mr. Lushington), should object to the introduction of the word value into the Bill, when he admitted that that was the meaning and spirit of the Clatise relative to the species of sugar in question. Mr. BItIGII'I' opposed the motion. Mr." AMER YAW said, that although the sugar from the East Indies was not in reality clayed, it went through a - process precisely similar in effect. That sugar, therefore, ought to pay the same amount of duty, without any regard to this tech nical distinction. Mr. WYNN said that it was intended to take some steps to give relief to the East India trade early in the next Session, by reducing the transit export duties. He would not offer any opposition to the principle, of the instruction to the Corn= mittee moved by the Hon. Member; but he thought it would be impolitic to pass it that moment, as the subject was under the consideration of the Board of Trade. He would not enter into the general state of India, but he felt with the Hon. Gen tleman the inconvenience which arose to the population of that country from the discouragement shown to the article of its produce. Mr. FORBES said, that he had always opposed this Bill from the beginning in every stage, and should continue to do so. If, from the long, tiresome, and he would say, useless speeches of some Hon. Members in that House, when this sub ject was under discussion, the usual sources of information to the public had been sometimes put to sleep, it was not his fault. —(A laugh, and " Hear, hear !")—lle appealed to the half 'dozen Members who were in the House when the Bill was first read, and to the dozen who were present at its second reading,. whether he had not strenuously opposed it. The Motion was then negatived without a division, and the House then went into a Committee on the Bill, in which the clauses were agreed to. The House then resumed, and the Report was ordered to be received to-morrow. SINKING FUND. Mr. lIUME rose to redeem a pledge which he had given on the first night of the Session to call the attention of the Hous e to the operation of The Sinking Fund, and the present state of the finances Of the country. - Ile thought, late as it was_ in the Session, that the House, ought not to separate witliaut taking some step to put a stop to the ruinous consequeuces which had resulted from and which were still arising out of the system which, unfortunately for the country, had so long been acted upon. It was bold in him to impugn a system which had met with the approbatiOn of some of the greatest men who had sat in that Hooke but he thought he should be able to prove that the principle of the Sinking Fund was such that it never could produce those results which had originally been expected from it. To prevent mistake he would state, that by Sinking Fund he Understood a sum of money to be meant, which sum was to be set apart to accumulate at compound in terest, in order to pay off a part of the National Debt, in such a way as should appear most beneficial to the State. Mr. Pitt had expected that by a Sinking Fund, a greater saving would be made than could be effected in any other mode. So confident was he on this subject, that, in 1786, he thus expressed himself ' respecting it : 4 ' This plan has long been the wish and the hope of all men, and I - am proud to flatter myself with the hope that my name will be inscribed on the firm monument now about to be raised for the public safety and public . prosperity." He (Mr. Hume), however, would contend that it was not within the power of figures to make a Sinking Fund, taken from the gene ral revenue of the country, produce a beneficial effect, as the sum so taken must necessarily diminish the general revenue, of which it had for/heti a part. Instead ofgaining by such a course, a loss must be sustained, for the .charges incurred on account of management, redemption, and urifunding. This must be the effect of a sinking fund, where a surplus revenue was pos- • sesed, but far greater would be the loss sustained if such a sys tem were adhered to id a case where the income of the country fell short of its expenditure. This had been the situation of England from the year 1793 to 1817, and the amount of loss sustained in consequence of our borrowing money to give to 'the Commissioners to redeem the debt, exceeded every thing that could be surmised by any individual who had not ascer, tained it as he had from those proofs which figures alone could supply. In addition to other evils this resulted from it, that we borrowed on more unfavouzable terms than we should otherwise be compelled to accept, if we went into the market for 600,009,0.001. instead of only taking loans to half . th e amount. He strongly deprecated the practice which had. ob tained of not raising the Supplies within the year. It would surprise Gentlemen to hear that in the twenty-nine years which had elapsed since 1723, supposing the same sums to be expended (exclusive of the charge for the debt and the sinking fund),' the expenditure for the Civil Service, the Army, Navy, and every other service, might have been covered With out • borrowing, by an additional 3 or 6,000,0001. per annum, and with this sum the whole of our warfare might have been carried on, and the whole of our establishments kept up as they actually had been, without a ddi ng t o th e p u bl ic debt.— Ilad the course which he suggested been pursued, how differ ent:would our present situation' have been ! The interest of the debt wouldat the present moment have been between 7 and 8,000,0001. instead of amounting, as it now did, to ins less than from 32 to 33,000,01401. He divided the whole period of 29 years from 1793 into two periods ; the first comprehendirig the years from 1793 to 1817, in Which there was an excess of expenditure over the income ; the second embracing the years which had since elapsed, in which there had been excess of income over the expenditure. In the former period there had been an increase of the funded debt, to the amount of 618,000,0001. For the suns of 684,074,5571. which had been funded, the public had re ceived but 579,791,388/. from the Contractors. Here, then, as he - shelved in his third Resolution, was a total - loss of 5,083,1691., which was stopped by the Contractors. for prompt payment, though the sum he had mentioned bore an in terest from the day ou which it was funded. He shewed that by the manner in which the loans had, been negocieted, and . the mannerin which the instalments had been arranged, not less than 15,000,0001. had been lost to the public. This sum lie regarded as a bonus given ,to the Contractors, by whom it had generally been shared. The first dividends of all `wens had been excused from the income tax. Considering this as so much taken from the revenue, and addin ,, the amount to what he had already mentioned, lie conceived the country to have suffered by the operations to which he referred, whet might be • r e gar d e d as ee;ial to a loss of capital to the amount of 38,000,0001. - stock. These calculations he did not risk on his own authority. He had been much assisted by a Gentleman of the name of Marten, but though he had the fullest confi dence in the accuracy of his ealculationS, lie had had them checked by others. He had done that in order to produce a statement of the finances of the' country, which should be as free from fault as possible. He next described his fourth and fifth Resolutions, which run as follow : " That for the sum of 579,791,3881. of money received and ac counted for; as stated in the preceding resolution, from the Ist of February, 1793, to the sth of January, 1817, there has been created capital iadocks of various denominations, to the amount of 079,2,8T9 A 3/. at an annual charge for interest in per petuity to the arrifint - of 29,289,666/. ' - and of 230,0001. of an nuities from May, 1795,' to May, 1319 ; and of 654,6951, an nuities from various dates, all terminable in 1860, making a total annual charge of interest and annuities of 30,174,363/. (exclusive of about 160,0001. per annum for management), which sum of 30,174,3631. equal to 30,040,4457. in perpetuity converted into a 3 per cent. capital, is equal to 1,001,343,1661., bearing at the rate of 1721. 14s. of 3 per cent.' capital for every 1001. of the 579;791,3881; money received, or 1001. 3 Per cent. capital, forevery 571. 18s. in money. • That if the conversion of the 4 and a per cent. capitals is made at the average relative prices they bore to 3 per cents. at the time they were funded, the total amount in 3 per cent. capital will be 975,784,592/. instead of 1,001,343,1661. as stated in the preceding resolution." The 40,982,119/. of 4 per cents: were funded at an average of 1001. capital for 821. money, the relative current value of the 3 per cents. being 671. which gives of 3 per cents. 61,172,133 The 120,557,4711. of 5 per cents. were funded at an average of 1001. capital for 90/. nioney; the re lative current value ot' the 3 per cents. being 601. which gives of 3 per cents. - - - . - - 180,836,206 The amount of 3 per cents. funded - - 703,750,353 The 884,695/. of terminable annuities, reduced into a perpetgal annuity of 750,777/. equal to 3 per cent. capital - 25 Irs 900 Total 3 per cent. capital - 975,784,02 making a difference of - - £25,563,574 of 3 per cent. capital, which is an equivalent for paying a higher rate of interest on the 4 and 4 per cents. than in the 3 per cents.: and there has been paid on the total amount of the 4 and 5 per cents. funded, an annual sum increasing to 766,9071. per annum' on the sth of January, 1818, which in 14 years, at 5 percent. it equivalent to the difference of capital created in funding in the 4 and .5 per cents. instead of in the 3 per cents. By this he meant to shew, that it he got for 901. 11101. in 5 per cent., Stock, for his 001. he should receive an an nuity of 5/. If for the same sum he purchased MO/. in 3 per cent. stock, he should receive annually but 4/. 10s. The dif ference between 41. 10s. and 51. was 10s. This 10s. if suffered to accumulate with compound interest, would, in thirty-Seven years, amount to a sum which would pay the expence incurred by the difference between the rates of interest' on the FiVes and Threes. 'The sixth Resolution set fort!), that there had been paid to the Commissioners of the Sinking Fund, in the 24 years from 1793 to 1817, the sum of 188,522,340/. The ex pence • of the office of the said Commissioners, during that period, was 82,8911/., making the amount paid to the said Com missioners 188,585,0381. 'With this sum, as he spewed in the seventh Resolution, the Conimissioners bad purchased stock, the annual dividends on which amounted to - 0,163,233/. ster ling. The money borrowed to enable the Commissioners was obtained at an interest Of Si. 3s. 7d. per cent. Had they gained the same interest for the money when 1 / 4 ;xpended, there would have been no loss but that incurred on account oftounagement ; but, in point of fact, the operation thus effected had produeed for the public but an interest of 41. 17s. 2d. per cent. The eighth Resolution shelved that the amount of annual charge created in perpetuity, by raising the 108,585,031. money, was 9,771,0631., whilst the annual charge redeemed by the Commissioners of the Sinking Fund with that amount was only 9,168,2331., being 602,8301. of annual charge in perpetuity less redeemed than created, equal to 20,t)94,333/. of 3 per cent. capital : showing that the debt was created between 1793 and 1817, at the rate of 1721. 14s. of 3 per cent. capital for every NO/. in cash ; and that the amount redeemed in the same time was at the rate of 162/. Is. of 3 per cent. capital for every 1001. cash, being a loss of 101. 13s. of 3 per cent. capital on every 100/. of money expended by the Commissioners. The ninth resolution sheaved that had there been no Sinking Fund, there would have been an immediate diminution of expence to the amount of 1,313,111/. The. tenth set forth that the total reve nue of Great Britain in the twenty4our years between the sth January, 1793, and the sth January, 1817, from taxes alone, including the small branches of hereditary revenue, and inci dental resources, amounted to the sum of 1,114,318,5634'4er. ling. The four following resolutions shewed the . exciss . of ex- . readiture over revenue at different periods. The fifteenth and That it appears by the preceding resolutions, thatOn con sequence of not raising the supplies within the year,'hy taxes, to the amount of 138,349,040/. in the 24 years, being an ave rage of 5.764,543/. per annum, a debt of. 609,703,7021: of aa pital has been incurred, at an increased annual charge of 22,737,3711., thereby occasioning !taxation to the extent of up wards of 58 millions per annum, whilst from the sth of Ja nuary, 1817, about 33. millions only would have sufficed. " That, by the union of the Eichequer.of Ireland with that of Great Britain, on the 3th of January, - 1817, a farther annual charge of 1,323,775/. 15s. 4d. was added to the annual charge of Great Britain, then amounting to 30,628,2341. (as stated in the 14th resolution), by the incorporation of 28,739,8691 of ca pital, funded' and unfunded, created in Ireland, making the I total amount of debt, funded and unfunded, of the United Kingdom, on the 6th of Jan. 1817, to amount to 846,155,1061., -and the annual charge. to 31,952,0091." lie now came to the second period in which the revenue had exceeded the .expenditure of the country ; and here a most extraordinary- circumstance demanded their attention. 'Be tween 1817 and 1822 we had a. surplus revenue of 7,500,000/. yet we had borrowed no less than 90,000,000/. in consequence of which a loss had been sustained of 79,961/. of perpetual annuity, equal to 2,665,376/. of three per cent. capital. The succeeding resolutions which he described, represented the country to have lost vast sums by the operation of the Sinking Fund. Taking the average of the whol e period, he calculated that six shillings and fourpence had been lost on every . hun dred pounds borrowed during the last twenty-nine years on account of the Sinking Fund. The 29th Resolution chewed that the system of borrowing during twenty-four years created a necessity for borrowing niore e to cover the interest of money pre viously raised. In this way an additional permanent charge of 602,8304 had been created. In this system he saw the cause of the distress felt at the present moment.- It was not generally known that up to 1817 the people of England had never paid one shilling of the National Debt. The interest had always been paid with money borrowed for that purpose. It was in consequence of the burthen thrown upon them, by their having at last to pay the interest of the debt; and with diminished means, that had been reduced to the present situation. Ile contended that money might have been borrowed cheaper than it had been, had we not gone into the market to borrow, in order to enable the Sinking Fund Commissioners to continue their operations. • lie mentioned several instances in which a great impression had been produced on the funds by the amount of the loan called for by the Chancellor of the Exchequer. On, one occasion, when a loan of 24,000,000/. was intended to be taken, it wasTeduced to 12,000,000/., the other 12,000,0001. be ing borrowed from the Sinking Fund. The consequence of this was, the smaller sum had been borrowed in the market on terms so much more favourable than could otherwise have.been obtained, that considering, as he lead a right to do, the saving not to be confined to tU 12,000,000/ n but extending to the whole 24,00.0,0001. wanted for the public service, the country gained by the course which had been taken what was equal to 3,313,000/. of stock. Since that period the Sinking Fund had again and again been resorted- to under similar circumstances, and 36,000,000/. had been taken from it, by which, be was con fident, not less than 10,000,0001., of three per cent. capital had been saved to the nation. The 33d and :14th ecsolutions de clared, that if there had been no Sinking Fund the surplus re venue must have been greater ; end had that excess been ap plied to the purchase of Stock, at the prices which haVe prevail ed during these. five years, the total excess of revenue would have amounted to about 33,000;0001., redeeming 42,000,0001. of 3 per cent. capital, thereby diminishing the charge by about . 1,260,000/a per annum, and leaving the total charge for 1822 at 23,266,3201., instead of 30,015,786/., as stated, in the 25th resolution, making an excess of annual charge in 1822 to the amount of 6,749,4061., equal to 224,982,300/. of 3 per cent. capital. In the 35th resolution he came to the follow ing general conclusion, that notwithstanding 270,543,895/. is stated to have been applied towards the reduction of the na tional debt, between the sth of January, 1793, and the sth of January, 1832, not only has no reduction been effected therein, but, on the contrary, it has actually been increased to the amount of 603,449,859/., at an annual charge of 22,312,370/. ; hereby demonstrating that the Sinking Fund system was found ed in fallacy, and hasbeen maintained by delusion. He therefore felt warranted in assuming, in his thirty-sixth resolution, that whether the financial system of the country be regarded, in reference to the increased burden of 1,144,387/ per annum, occasioned by the Commissioners of the .Sinking Fund, in merely purchasing stock on worse terms that at which it was created, as stated in the 24th Resolution ; or in reference to that of 6,749,466/. occasioned by the extension and complica don of the accounts, in consequence of the existence of the Sinking Fund System, as stated in the 34th Resolution ; or in reference to the increased burden of 22,312,3701. per annum, which has been inflicted on the public since 1793, and to con tinue in perpetuity by not having raised about 138 million, of additional taxes in the 24 years, from the sth ofJanuary, 1793, ' to the sth of January, 1817, and which occasioned! taxation in 1321 to upwards of sixty millions, whilst about. 33 millions only would have sufficed, as previously shewn in the fifteenth Resolution e either case sufficiently chews that the financial systenf of the country is founded on erroneous Inin cipl es, portending consequences as ruinous and fatal as the Sinking Fund system is demonstrated to be fallacious and delusive. The two resolutions which followed were intended to prove that the plan of the Noble Lord, for tying up 5,000,000/. as a Sinking F'ttnd for ten years, in the manner proposed, would be most ruinous to the country. They took a prospective view of the result of a Sinking applied for ten years to the pur chase of stock, and drew this inference, that under the one.. ration of a Sinking Fund to that amount, set apart to accu mulate at compound interest, no relief whatever from taxation will be afforded to the country for ten years ; and without - any guarantee that the exaction of so great an amount of taxes may not, under the present difficulties of the country, occa alcin an increase of distress and tiattperism more than equiva lent to any advantages that can arise from the remission of 2,193,043/. of taxes per annum, at the expiration sit' that pea riod ; whilst the immediate remission of taxes, to the amount. of 5,000,000/. per annum, will atibrd a most important and essential relief from those burdens which at present press so heavily on the industry of the country. He contended, that • 'if the plan of the Noble Marquis were attempted to be carried into effect, no security would be given that the Sinking Fund would not be seized hereafter by the Chancellor of the Exchequer. In 1786,. Mr. Pitt calculated that a Sinking Fund of 1,000,000/. would, in 28 years, amount to 4,000,0001., care being, taken that it should not be broken in upon, which prac tice he remarked had hitherto been the bane of the country.— But for this, Mr. Pitt had said the public debt would not have been so burdensome as it then was. But it was in vain that. attempts had been made to prevent Ministers from seizing oa. that which ought to have been held sacred. Not only had the present Chancellor of the Exchequer done so, but others had ventured to do what Mr. Pitt had considered human impru dence would not dare to attempt, as he had declared it to be his intention so to bind his successors, that to violate the prin ciple of the Sinking Fund should be impossible. If the Sinking Fund were kept up, they ought to know in what way it was • proposed to secure it from the Chancellor of the Exchequer, but he contended that for the present it would be better to have no Sinking Fund. There were some few, he believed, who, by some strange infatuation, thought that the Sinki ng F un d h a d some operation in upholding the public Credit; but he maintained that the public credit would have been more substantially kept up by confining the system of loans, and abandoning the Sinking Fund altogether. Every man who knew any thing knew that the Sinking Fund was now nothing. He feared that he should not make such an impression upon the House as this inquiry had made upon his mind. If he could, he was sure that they would see the necessity of entering into the subject at once, although it might lengthen the Se ss i on f or s i x wee k s or two months. As he feared that he should not convey that impres sion to the House, he at least hoped that he s h ou ld succee d i n persuading it, early in the next Session, to inquire into the operation of the Sinking Fund, and the whole system of our inance. lie concluded by moving the first resolution, which , was as follows: "That the national debt of Great Britain unredeemed, on the sth of January, 1793, was. 239,350,143/. ; consilting of .227,989,1481. of funded, and of 11,361,0001. of Exchequer Bills, at an annual charge of 9,203,9741." The CHANCELLOR of the EXCHEQUER said, that as the House had not had an opportunity of examining the calm* lations and statements of the Hon. 3lember, in the few obser vations he was about to submit, he wished to be considered as neither admitting nor denying the accuracy of the figures. It appeared that these resolutions were to form a basis for some further measures which the Hon. Member proposed to intro duce in a future Session of Parliament ; he thought, therefore, that - until they knew to - what the resolutions were intended to lead, it would be better to adjourn any consideration of their