The British Press; or, Morning Literary Advertiser.
London, England, 1821-06-02 00:00:00

nothing very novel could be expec!e.l :a this slate-
merit. The question relating to the general prin-
ciple of diminishing the expenditure and taxation
of the country, was tried upon the motion of Mr.
Matfett ; the propriety of removing or modify..
iug particular taxes was ably and anxiously de-
bated upon the various motions of Lord Mt trots.
Mr. IVESTfiIiN, anti other Members of the licuse ;
and, thanks to the industry, energy, and perseve-
rance of Mr. 11012,, the policy that guards every
the minutest item in the extended estimates fur the
public service, military, naval, or miscellaneous,
has been developed or exposed : so that there really
remained but little for the CHANCELLOR of the
EXCHEQUER to give ititertSt to IOS CSlositiOlt, at
least by the charm of novelty. No loan is re.
?aired, no new lox is imposed, or old one increased
or diminished, turd the only circumstance in his
speech not absolutely told to the public during
any previous part of the Session, is one for which,
however, every man in the country roust have been
as fully prepared as if it had been made the sub-
ject of special notification. We allude to the in-
tention of the Government to divert the sum or
13,000,0001. from the Sinking Fund to the service
of tliu current year, of which 12,500,0001. is from
the Sinking Fund of Great Britain, and 500,0001.
from the Stoking Fund of Ireland. Thin applica-
lieu of the Sinking Fund, as our readers may re-
member, formed a prominent feature in the fins,,.
cial system contemplated by the Lards of the
Treasury when they proposed the imposition of ad-
ditional tuxes to the amount of 3,000,0001. in
the year 1811 p. Their Lordships at that time fur-
ther conjectured that so operative Sinking Fund
would transits to the amount of 5,000,000/. an-
nually. This hope has, however, mint been
realisrd—for. according to the estimate now former!
by the CHANCELLOR of the EXCHEQUER, the ope-
rative Sinking Fund, that is, the amount of re-
venue exceeding the income of the country, will
not be more than 4,000,0001. annually. Now far
the produce of the new taxes has realised the esti-
mates formed at the time of their imposition, will
be seen from this fact, that in the 3-ear which ended
the sth of January, 1819, the total amount of net
revenue of Great Britain, exclusive of arrears
of Property Tax and War Duty nit Malt, was
48,330,8951. while in the year which ended the sth
of January, 1821, it amounted to 50.255;8981 ; so
that the increase of revenue by the imposition of
taxes estimated at 3,000,000/. does not exceed
1,925,0031. The following is • connected view of
the Supplies and of the Ways and Mean., for the
list and the current year, as coritained in the
CHANCELLOR of the EXCHEQUER'S exposition :-
le4o. 611PPLY. 1821,

9,443,243 Army
8,588,895 Navy
1,199,650 Ordnance 1,195,100
2,444,100 Miscellaneous

19,673,688 18,021,800
1,000,000 Interest on Exchequer Bills
410,000 Sinking Fund oq dill°

21,083,688
By rednei ion of Unfunded Debt, viz.
9,000,000 Irish Tr y Bills 500,004)
Bills fur Public Winks .206,400

19,311,600

706,400

30,083,688

20,0 I 8,200

Granted for
1820.

Eatimale for
1821.