The Sun. — London, England, 1804-07-11 00:00:00

per to' take into the oleulation the effetrA on capital,. which, from the rapid progress of the diicharge of the ('liblic Debt, may be .supposcd tit operate more with resye.t`i to the 5 per Cent. than the other .Strck. Ile dOnbted on these grounds whether his Honourable Friend f ,'Ar.l)erc7) would 'ailvit-c his cu'itomeri to wait, to receive tool. in mooeyin.April, when they might have value to • the amount of that money on the oth of Utober. The objt4 of these customets would he to take that value, as soon as possible, and however they may re. gpea the adVici of his Hon. Friend, he .doubted whether they would sacri6ce so much, to was to take 'tool. on The sth of Aptit, rather than tolake the same: sum so much sooner is the loth of Oaob6. Mr. DENT was still Of opinion, that the early payment was more than countethalarced by. the sub. serpent fliiiihation "of Stock. But, if the Govern. rent would, hive it tin,. he supposed the Loyalty HOlders. Must scraenble, /l/r. 3 . OIINSDONE was of opinion, that' the value of 'tOol..nioney irk Stock was not sufficient compensation, it thoie to whom it was to be given were. to stand the . fltiNatton of six months. He . :•alh)wed, that if the stair (*the Continent were to become more favourable, if 'Russia • were to join • with 'us either for Peace Or for War, the Funds would rise ; if riot, they' would'fall between Gaober and April. CtiAtlcELLort of the EXCHrQUER, in ex. !obviation, .stated, that the whole of ttie S per Cent. .s4l;kock would be transferable ; it w, , tild he only the -new Complimentary 3 per Cent. Stock which would out be trans f erable. • • . After .8 fqw ,wOrtcs in explitoatitin from Mr., DENT to Mr, JOH A O TONE, MC RCSOIIIIIOII was agreed to; and she Repolt ordered to beleceived to. pturrow. , , '' • .. • • ' BUDGET. Lord . CASTLEREAOII moved The Order of the niy, and the House went into a Committee of the whole House on the India Budget, • • His Lordship ; then roie ti) submit to the House the statement of the Finances of the tast India Coin. piny. He observed, thin it was material, in looking at those Accounts„ to keep in mind the periods to which, they referred. The Home Accounts were made up to amore advanced" period than the Fo r reign Acci;tants, being_ a year later. He hoped the I would recoiled the particular circumstanOes of the It inies, as beiaigengaged at hotrie in a new war, the oniony betng also engaged in an extensive Anil complicated system of hostilities in India, He did not wa,ll at the present time to 'go 'into any kind of diticossion on dui general golicy of theUdian War; that waa subjeet not then before J'ailiament, and on which all dhe Papers and Docurnenti necessary for fortnit , g a corred judgment, were not as yet, be. Fore the house.. He should, in. laying before Partin. . men, the present 'statements, putsue the customary spode, by which the Indian affairs arc divided into she two departufents, of Foreign and Horne Concerns, beginning with the Foreign. 1 h>s was Usually di. aided intta 'three claseeS :, firsts, the Territorial one, Cl attaining the Revenues and the Funds, and Charges consequent thereon :secondly, the. Commercial,whicli .related to the investments sent borne, • arid their FM— cessary.concoMitants : thirdly, the'PdbrSatiti Assets of the 'Corapany'ibroad, In the 'exiatiiination of the itt'veuuei it, had .been usual:, :to take three views of it, in all of which *he relt,;,assured that the statements he should ilf .W.ijuld. clear and satastadory to the Hotiae-Ind to the cou ,, ny, First, the 'average Of•thr'i;years, cop. ore(' . one }ear back : - secondly,. a ,ampariSon pf the r6si lotted Revenues and Chargei:eoMpared with the :,dual result : and thirdly, in ,present the E,liat ta leot the' yeor . tolkwing. -. The ,Noble Lord • then briefly reviewed the State of Revenue in the different l'aesidencies, and explained the very placated carcunistaqes, ofa Military napre, which bad produced sreafand unforeseen„ expendatures for the carrying on the war in that Country.- He next shewed how; in a:variety of invot(Ant ,particulars, the War in Eitriee . tiperated to diminidtoe ptOduce of , the . S : le Of the' et.mcpany especially in the arric:es ofpiecegoods, and all other.fttgli.prieed , •cotrun , .Llries, width iiad, in the event the' exist ! In ; Been y Clichaed on' the Continent to IV 41 4.1, ititioont 'than before, and, this de ficiency he. found 'stated in thegenerid Ato , ttaet.--The kid on, Tea, in' the - course of the late Ad. trirw:tr,,tiiin of his . Right Hon. Fractal (Mr..AD• p • INGINN) had likewi , e. had an operation of a simi. tar:name', though the public demand• had justified the imp4ition - of that Tax. On the''whole, the Aittliciemcy in the Tea Sale; A mount,:d U.)2,060,009: pi,undis in quantity.; and the alteraticn produced in pr WAS . 0. pet pound i lhe NOble Lord , then, with great aceuracy;a4ClCittneSS, WelltjtlrOgo the 'Various it ins of the Aec,unts, of which ; we . pewit our Readers a : corrott cAly : CENFR AL AD.,TRACT. NGAL. B.LVI:IIIII:I'...—NU. 1. Av-r 13,0.1 to 14z-r. ,C• 713880304 tlian avefage Jot (tr4wn pz7,2•6 Is7o. 3 : C,tirNited for 11;0z..3..; - , 7. 641 ,3 5 4 .8,38.0,037 atisou;it Marc than Estimate 707)7 0 3 Camtet3, No. 3. Estimattgl for Actual amount 4,535,C.66 4,775151? More than Estimate 2 4°144 6 Pechi' a s F. ;of Charge from Ex ccss Of ic7, the Net . ItevenCie io more otlimited • - • • • 527, 2 57 ..110 t.ie Net Revenue for 180,2 : 3 is 3,604,57 s ES TI MATES, iSo3-4. r.vgimxs.—No. 1. • No. 2. 144 Revenue , est'tm , V(l less than .ictit,tl' ito. 114 r. 4,0 6 4,9E' 5,1,66,940 Rcv.:ptle estiindted for IL3-4 less Own 1,154.ed1,11; year - 2 ,99 8 0 3 4 1 315006 291,428 D AS, ilvd thavvillg an average ,k , curs 611,1 pr%. ,t %Noultrilot gi vr Lunt et V coi,lo re:•s , ,Dl ti i c l i r,:siti.c.my, or be a ;,+ ,, s)t.t• slu tle sirumnp:l,t.son with " .11 ;,(,i.,0111,t r>t Xite io rot ,)) Treaty • In ak c. 1,11 y the is ,0011,,;(1 it, as forvierly 9 Oy'istatiog tlic avi;ra6c of the bo6~Ss""-~ receipts on the more ancient .'venues of the Compapy, wholly. excluding the'Subsidiary or other . Resources shrived • Treaty or Conquest. Ott toss py . luciple, the average on 3. years, 1 hoo-1 to 1 832.3, by the State. ment No. 4, amounts to - 1074.533 Which is niore than the average on the 3 years 1799-180 e to tBor-'2, by - • - 37936 RILVINUILS,—No. 6. Estimated for d0z..3 Attual amount More than Estimate . 41 6 7° , 3 6 9 4/7'4,9a4 54 , 53 S 4455. 6 0 - 4,935,506 CHARGES- - No. 6. Estimated for 1802-3 - A aual amount r•' • More than Estimate 3V,830 Dedua, Excess of Revenne . from Ex ' cess of Charp, the Net Charge is , more than estimated - 325b295 And the Net Chuge of theyear 1802-3 is 210,602 'ESTIMATES, INA. ItgyzNues---No. 4. CIiARGZ3.--NO. 3. 4,888,8g5 - - 510181157 Net Charge 129,26 Z Reyenues estimated more than aaual in 1862.3 163,991 Chars do. more do do. Sz,tll Net Charge estimated for 1803.4 less than preced ing year 11t,340 BOMBAY. Ray aNuEs.—No. 7. excluding, as last year, the Icevetmes of the CedetlCoun tries, likewise the Guicuwar SubSitly,"the average receipts . . . 4111• the three years 1800.1 to . 180;40.3, amounts to ." 309 ? 0c. • •W hieu exceeds the.average . • on the three_years 1799, ifloo,. • t0180t.:2,, by .. 57,586 No. g. Estimated for 1802 -3 :410, 2 80 Actual Amount, 319,546 I.ess than Estimate e. 50.734 CuA acts.—No. 9. Estimated for 180;-3 - 007,406 Attual Atnoutit . 4.29.34 gore than Estimate 321,g00 Add deficiency of Revenue to eXCCSS of Char}:, the Net Charge is Nom tiun , • 372,634 And the Net Charge of the year 18f2-3 ESTI MATILS-1803-4. REVENUES.--NO. 7. CHAILLIES.-.-NO. 8. .. . Net Charge 869,760 0 , 57$ toS,hgt g6v,306 Revenues estimated more than at in 18.7.2-3 10,029: Charges do. more do. do. 249,575 Net' Charge estimated for 1833-4 than preceding year , 90,546 . BENCOOLEN'and othcr SETTLEMESITS. • No. io,.Revenues of Fort Nfailbro', on• average three years.l7o-9 to 18004 . 8;$06 Charges do. do. , t0z,036, Net Charge 1. '93,224 Supplics from Bengal to Fort Marlbro', estimated . fOr 1802-3 - 16,000 No. 18. Adual Amount . 196,848 More than estimated - "8o8 48 • . No. ti. Supplies estimatetrfor 1803-4 211,628, GENERAL YI ew. k.,,,, of raz YX.kkaso4•3 uos&irriVii.Lv. KOV.Eri U.Es—Bengal' - I,- 50g0,e27 • Madras, - ` " 41724,9c4 - ' Bom Toial Revenues bay 359)54° ' • 1 3444637 -- CnAlt G ES I —Bengill ' - - 447510 2 • lkil.l.lr.is - -4,935,50 A / • l3ornbay - - 1,49,306 Total Charges ----- 10,90,314 Net Revenue of the threeT residencies •- 2,324 213 Dedua Supplies to Ilencoulen, &c. • - 196,a4r, • - 4 Remaining'Net Revenue 2,327365 Dedua Interest, &c. raid on the Debts At Bengal , - - 97 72 34 N1ai4143 , - • 2 9505.4 Bombay - • tgo,osp Dedua Interest en Securities purehas. 1,457,377 eel by Sinking Punt!, in snuil pries. inflated 93-,924 1 4 6 . 1, 45 • Net Interest • The Remainder... 065,91 z 14 the Surplus from the Terrhqrial, Szc..kevenues, after (terra) ing the Charges And Interest. Add, Amount Sales of Imports by _ 537,940 • The Total 1 ..”31 8 5 1, is the Sum applicable to Commercial Purpoies. Amount advanced fur the Purchase of I.sivest ments, Payment, of Commercial Charges, and in aid of China.—At Bengal 1 ,3 5 3,436 , Madras 5 ,0,22. t Bom►bay . 15 6,65.5 , Marl btu' 16,2(9 Total Advances for Invcstincnt '2.11,,03 Cargoes inimicect to E u rope in 18,):..-3 ‘vi th Clt a rges by, 1 04 2 13 xr5Vl7 OP TLE E s rim Ares FAR rue ye 4 4 84 3.4 eol.l.t.vrtvaLv. ktv %Nuts—Bengal 8 , 0 „ 6 14 81 , Madras - - 13otribay - - • 518•575'' Total Reyenue 1 3147 2 ,4! Cl}4acEs--Bengal - 5;060,940 Madras . . 3, , ,18,157 liumbay - - - 2,478,831 ----- -. , . . Total'Cluirges t t,563,978 . , _-_,.....-- Net estimated Revenue for the three Presidencies 40,473 Deduct Supplies to 13encoolen, &c. - - 212,4aS Remainder Deduct further Interest on the Debts by 1,574011 Dedutt limiest on Securities liurcha)ed by Sinking Fund 22'6,360 Net Interest - 1,447,6 S :Vie Sun► then remaining 248,194 Is tha , Suiplus Reveptie, afterdefraying the Charges and Interest. 4,cld, Amount estimated to be rec,lived on the Sales of Imports 535)95 1 The Total '784,146 is the Sum estimated to be applicable in the Year 1803-4 to the purpoaes of Cotninerce. , . ' . , DEBTS 1N INDIA. Amount stated last year - 19.965,719 Deduct, in the kinds of the CenltUlS'. • Sioners of the oinking yund .. 1,31 t,354 Net A mount.of Debts last Year - Amount tlii4 Yeur by No. 16. • - at,88t,57g Deduci Sinking Vund above, 2,052,348 Net amount of Oebts this Year lit6reaW Debts transferred in the.Vear by No. 17. if. 18,654,38 t Y . 9,869,2u 1 , 21 04 2 4,4 8 4 EMI BEARING ISTEREST. *99033 Amount last Year - ' Dectua in the hands of the. Commis alotiato.ot Sitiitipg fund 1,136 ) 352 Net Amount of rbbts beginglotrrestiast Year 14.358,47)1 Amount this.YeaV by No < t 6. - 12,712,933 Dectu6l Sinking. Fund as above 4686•917 Net Amount of pebts bearing !merest this Year 17,036,016 Increase of Debts bearjng I nteresi _4067,535 Amount of Interest payable byAccounts of last year Deduct on' Securities in-hands of Com. mi6sioners Di Sinking Fund To 4811070 86,900 • Net Amount of Interest payable last Year 1 .394,17 A Amount this Year by No. i 6. - 1 5 574,0 t Deduct Sinking l'Und as above - i 26,360 Net Amount flf litterest payable this Year ',447.65t Increase of Interest payable' si+4B ASSETS IN INDIA. Consisting of Cash, Goods ? Stoics, &c. last year - .. .. Deduct Balance and Securities in 4=13 13,3720V of Commissioners of Sinking Fund 1 ,31 rt3SB ?Vet Atnount of Assets last year Consisting as above, by 4:eount No. 24, this year . - , -14,630,97 i Dechi‘t Sinking Fund as above 2,012,348 Net 'Ainount of Assets this FAV Increase of Assets is,oi i,383 ta,,6i5,623 557'24' Deducting .Increase of Assets froM Increase of Debts, the State of the Company's Altair& in India appears worse in this view tiy HOME ACCOUyTS. Aggregate Amount of Sales • • Less than last Year The Amount Sales of Coca_ - 657,601 814 2 5.264 . 1,2 ~ 2►86 pally's. Goods less by Ditto Private Goads, ditto - Ditto Neutral Property, do. . 1 7°,459 17 0 ,►19 02,185 Difference as above - 1,202,86; The Sales of the Cohvany's Goods were esti. mated at . 6,505,500 The adual Amount was - 5.877109 Being less than wimatcd by 927,931 The Receipts on the Sates of the Conipany's GuoiL eatunetil at - 6,085.500 NO. 23.. Aduall y amounted to - - 5,48z,.304 Being lesa•than estimated by 603090 Charges and Profit on Private Trade, estimated at r 50,000 Actually amounted to 176,527 Exceeding the Estimate by 26,587 GENERAL RIIIIVLT.—The Balance of Cash esti mated to be in favour of the Company on the tst blare!), 11304, amounted to The Balance by the Actual Accounts is in favour I 172,449 99,393 • • Being better than estimated . 130,0 Principally in conseynenee . of the Disbursement , for India and China, and on some other Accounts tieing less thad estimated, Winch, w►th the pro. tract►un of t,.e Payment of the Debt to the bank, exceeded the greater Expenditure on Freight, Bonds, added to the Deficient Receipt on the Sales of Goods. ESTIMATE, 1803-4. . , .. . 1 Receipt for Sale of C om p an y's 'Goods.. , 6 ,59 8 ,49 6 GLNL,4AL It ICSULT.—The receipt tram the saie of Goods, being calculated at a larger amount than ~ last year, #lin the expectation stated of a re-issue ! ' of Bonds, paid in the Suppry for ludia and China, . being taken on a smaller scale ' and the liquidation of the I.),:bt to the Bank nor being reckoned upon, • the !Mance on th e ist of M a r c h, alos, is estimated . t t o ha i4l Awvt.s4 r imW th. ...a m ht ' T' .. ' 1 57, t 34 DEB: S .1T 110,11 E, 7'..<1 On the Ma March,to,' tBp3, • - - , 4,773,686 On the Ist of March, I , - 4,756,865, Increase 14,97§ ASSETS- AT HOME. On the ist March, 1803, On the tet.March, 1604, 17144 0, 59 3 - t 9,058.736 Increase 1,712g,143 Decluilink the I ncresse of Debts, from the Assets, the improvement olthe Hume Concern in the year is .4713,164 CHINA AND ST. HELENA. Balance in Chinalast year:in-favour • 91,434 lialake at China, , 14 the pre4tit Ac. counts, mainst -240,900 Decrease' at China 352,314 Balance at St. Helena, on 3oth. Sept. ant, in favour - 78,845 Ditto, at ditto,. on 30t h Septem ber, tboz, in f4vour - 105094" Increase at St. Helena .26,346 Net Decrease at China and St. Helena. 325,08 1 CENERAI COMPARISON of DEBTS and ASSETS . ; I ncrease.of Debts in India - 1,214►841 Increase of Debts at Home 14'979 Total Increase of Debts Increase of Assets in India 557, 2 4 0 Increase of Assets at Home 1,725, 1 -13 2,285,333 1,2:9,82i Dedua net Decrease of Balance at . China and St. Helena - 3 2 5,9 33 Net Increase of Assets T,959t396 'The net Improveinent of the year in this view. 719,57 s appears io be ' - - - From this sum should be deduaed the Amount of Cargoes arrived .in India, previous to the 3oth `April, 18°3, and included in the Quick Stocks ' Owe, which formed part of the capes afloat, outward, in.the Assets at Homo The remainder is Which may be considered as still liable to farther adjustments When the final arrangement orate • claims of die Company upon Government, as stated in the Home Assets, shall be completed. 4 1 7, 000 3 12 857) This statement ,being concluded, the Noble Lord begged leave, before he sat down, to make it• few general observations. 1-1; wished to call the attention} of the CoMmiteee to the Estimates which he bad brought forward fot 11502-,3. lie had -t hen expressed his sanguine conviCtion, not only that the Public would receive a. partkipatian of 500,0001. but ,that the ,company, in addition to this contribution to the Pub. tic s would be aide :to establish a Sinking Fund.for the extindion of their debt, to t 4 amount of two millions a year. When he had made this declaratiOn t it ,was but fair to keep in mind that the circumstances then exiSting, were very different indeed from those in which the Country is now plat.ed.. It was in the contemplation of the continuance of Peace, that, he could only look forward to Ole fulfilment of hi: ea. pectat ions. But to show . thae he had iwtproceetied on, light •or trivial. gropnds, lie adverted to the estimates which he had laid down, .and cohtrasted them with the real amoiri of the Revenues anti charges. The estimate of th e Revenue was twelve lions hix hundred 411 d nine ty.three thousand . pounds, Wilma the actual amount of the e l (er l 9,e Was Si'. it- 4. teen millions four hundred and twenty thousano, leaving a large surplus above the estimate. As to the charges, he had estimated theM at nine millions nine hundred and ninety-eight thousand pounds. The amount was considerably above the estimate, being a good deal above oen millions. The excess in this case could, however, be accounted for without 'difficulty. Sums to the amount of eight hundred thousaud'had accumulated, from causes which could not be arnicipatei at the time the estimates were forM. ed. On the score of military expences alone, there was an excess of six hundred thousand pounds, which the. Committee could not but admit must have , been , wholly ion of his contemplation when he produced -.the estimates, The calculation he had male rested on solid ground., He bad expeled frons.territorial revenue an excess of considerably upwards of, a, mil. lion . , and he had calc u l ate d t he su r plus on the net proluceand Assets - at four hundred thousand pounds. In consequence of the causes he, had stated, howeVCfp . this last calculation, founded op an average of three years, had not only failed, but there 14d been an aattil deficiency of upwards of two hundred thou., - sand pounds. This being the state of the case, the • public had no claim on the .Hirst Give hundred thou ' sand pounds, which were reform the stipulated par ticipation. Of a million of pounds, the first five bun• dred thousand pounds were to be appropriated to the • payment of interest. In consequence of the deficien cy to . which he had just ref er red, any claim on ; be. public, for the present, wa s rendered -int/Aid not from want of funds to meet it, but because payment 004 not be demanded under the peculiar. circumstance* .` of the Company's affairs. -As to the establish-men' of she.-fund for, the' liquidation of the debt, the grounds on which he proceeded were, in his opinion, quite conclusive,. He had calculated'rhat the Cons• pant possessed thenteans of investing four millions in investments, and would be able 'to apply two lions oo the liquidation of the debt. Of these sif millions, he thought that one million might be ob. tained abroad, and the other five millions in this .Country. .:The breaking cut of the War had in terrupted this system; but still, even during' t he - continuance of War; he was not at all convinced that some progress might not he made towards the reduelion of the debt. On this subjed'the Noble Lord introduced some minute . calculations, into which we think_ it is unnecessary to follow him, . 11 11 .10 , 2 b o efre' i o ot l i t t e o s a a m t doran,otfooucoheedmiolnitotlotetctvoinAroad for odred thousand made po to pounds in India;, shewed that . e v e r y elrer iott w •service of the Com'plamnVyettaegilo!'claattlesdTegtarroypef6;ir butthe contended that the loan in question arose out of local and unavoidable circumstances. He' concluded his very elaborate statement by moving the first Re;olution. Lord ASCHIB AL D HAMILTONalluded to the repeated promises given by the predecessor of tbe n .Noble Lord whci spoke last, respeding the prospe rity of the Affairs of India. The House had bee , " many years ago assured, that India would not only be freed from all embarrasSment, but would aCtually be. able to administer relief to the Financial de mands of the Empire at large. They were assu red,- that not only would aid be afforded to the Public , .but that the whole Indian Debt would speedily be extinguished. He wished the Committee to relic . . , how ellen fi ne premises had been realized. Since -- protniacs had fi rst been brought forward, the Indian Debt, it . was known, had increased three of sour f std. In' 1793, when the Charter •ofo 6 . Company was renewed, a stipulation was made, :that $66,00.01. should annually, after a certain period! : be paid to the Public. Of the- sum •so stipulated for, not one Sixpence had been, or was likely to 1$ received. He wialle4 Its as k, u n.w fi at f oun dation die promises held forth were supported, and , whet' or where the public might in reason hope to sea (hem realized/ The Deist of_ the Company,, $o far from hung beLnagst diminished, ini i s t he w d a eighteen ' s accumulated millions, ro year b/ t 9 year. the Papers now on the Table it would appear, tbar it was. upwards of nineteen millions, with evert prosped of a still greater accumulation. The Noble, Lord alluded to the state of the account betwixt tb° Company and Government. Last year the debt due br Government to the Company was estimated at some. allingmote, than+ millions. At that time a million had been discharged, and still the balance agt,inst Go' ernmentwias not diminished, according to the stat e • menu contained in the Papers on the Table, lie though' I this a very extraordinary circumstance, and called on '• the k l 9ble Lord to afford! some explanation •on the subjeCt. Before . he Sat . down,- he lead a part of the Speech of the Noble Lord in 18oz, where.the mo'l sauguine views of the prosperity of the Compa n y ' ' affairs was held forth.• He hoped the Noble Lori :,i n i o d w gr s o at o v nt t i h s: at a these r u e l r e h s e e n n c t e a f t o in r r b e e s t i e o ti o . ; a l o n g o o s i o o in his expeetatioas? Lord CASTLEREAGH explained that .part , a the Statement which respelled the site Comp a ny and Government. of the las t. y e ar, the Debt was about four mil lions since th a t_ t i m e, a dvices bad peen received of a I to ) (s y cc t o h u e n s t t b at e e t t t e ia r ..;her sum of one Million four hundred and nin tip tine thnusand,rounds being due, a nd though a lion was discharged last year, still the balanC Was w hat the Papers on the Table describ ede- The Noble Lord declared, that he adhered , t o p his fl_iiiner AeClarat ions, as to the prosperity of th affairs "of the Company, and 'was ready gravA l Y renew any pledge which he had formerly given the House. Mr. JOHNSTONE controverted the Nub) 4o rd's stateinents, He' Maintained th i at the affdil of the Company Were, year after year, growls' ,enure embarrassed.. Not a single one of the promise cnr pisspeCts held forth by the'Noble Lord's predecet sor e or the Noble Lord himself, had been, in tl slightest degree fulfilled. The Noble Lord's prod ' rector had, after his magnificent statements of t' flourishing situation of the Company's affairs, f' tired from office,' leaving their Debi great.ll ai cumulated, and siving, as his only legacy, serious advice to reduce it. The Noble _himself followed stridly his predecessor's' exampt 'in the views he gave of the Cutneany's affair Like him he abounded iri Magnificent promises et flattering prospeds, but like him he had in ev,„e! instance found himself altogetherAi , appointed. Hon. Gentleman shewed that the Debt of the Coe pony was rapidly accumulating. tie tbok the