The British Press; or, Morning Literary Advertiser.
London, England, 1824-03-03 00:00:00

iii;AVE TRADE.

Lord JOHN ItI7SSEEL presenttil a petition from the county
of Huntingdon, against the !dove Trade.
A Mcwage was brought op from the Lords, Rignifying the agree-
ment of their Lordships to die Reciprocity of fhttita Bill, and
other Itills, and cot nicatitig a request of their Lordships
for a copy of the Report of th: Committee of 11118, on the Usury
. . . .

Mr. Mirky', from the Treasury, appeared at the Bar, with ac-
counts of the Customs ahtl Liteose.
WINDOW TAX.

Ale. 1101111017 SE prose; ted a petitimi from the parish of St.
Anne, praying for a repeal of the window tax. The sentiment., of
the petitioners were ainitlar to those of the many petitions presented
in the year 11122, for the repeal of this tax. It was signed by nine
hundred householders and inhabitants of Westminster. A more
general petition was In progress of preparation, and i.e would now
he prepared to present petitions trout all parts, of Ifestminster, but
the, a gent ral expectation prevailed that it was the intention of the
Chancellor of the Exchequa r to roduce the taxation of this %moony
on an extensive scale, and that the repeal, or at least the reduction
at this odious tax, would have been included in his plan. lie begged
to add, that the petition sta.. signed by persons of all political
deoominatioca. Indeed he need only reter to the first paragraph
of the petition, to satisfy the llama that such was the mixed cha-
racter of the petitioner., toe there it world be found that the pen.
titaness relied " on the firm, wise, and enlightened policy or the
House of Commons." That sentence• was alone sufficient to sa-
tisfy the Home that the petitioners did not belong exclusively to
the class of thaw who usually petitioned for Reform. The 'afoot.
tures, which were nita hundred, were obtainel in tire hours—no
sn:all proof of the anxiety that prevailed for its repeal. Amongst
the signatures were to be found the Millie% of the collector of taxes,
the churchwardens, and vatious pens sns of official situations,
which proved, that however they might differ in politics, they were
all agreed as to the propriety and necessity of having this tax
repealed.
The petition was then brought up, and ordered to be printed.
Mr. 111 again ruse to present a similar petition from
St. Mary, Lambeth. The petition woo accolopanied with a table,
to which he would have occasion to refer presently, and by which
it was shewn thut the burden of this tax fell with unequal pres-
sure and severity on the humbler chases of society, who were least
able to pay it.
This petition was also brought up, and ordered to be printed.
Mr. 1111111101!St; next rose, to bring before the consideration,
of thellouse the motion of which he hod given previous notice, fur the
repeal of the IS'italow Tax. lit twinging the motion betirre their
uosisideration, he had strong claims on their indulgence—an in-
dulgence which he had au frequently experienced on tiwmer oppor-
tomtits. These were not words lit course. Ile telt unfeignedly
that he had touch need to solicit that indulgence, when he had un-
dertaken so important a subject as the taxation of the country.
And the more so hail he occasion to request their kind attention, as
he would have to allude to the speech of the Chancellor of the Ex-
chequer, which convinced and delighted the House by the sound
pitneiples of commercial policy whith it cootaintd. If these prin.
crpies, so beautiful in theory, wire reduced to rractice, the adoption
ot them would establish for him the foundation of that both and
honourable fame to which the hottest ambition of every member of
a tree government ought Pt aspire. 11.1tilst he bore this testimony
to the correctness of those principles of policy, SS laid down by the
Jlol. ()voile/flambe could not but withhold bis assent from the plan
ut taxation which he had derived for the present year. It was
such as not to satisfy the just expectations of the country, which
naturally looked to a considerable reduction in the taxes of the pre-
sent year. lie had thought that the nuncio bad been given up,
which made the greatness of the nation consist in the wealth of
the Treasury, and nut it: the wealth of the people ; and that some
available diminution of taxa& n would have accompatned a depart-
ure front a systems which had intpmed greater burdens upon this
country than had ever been imposed upon any country, not only
calling itself free, but on any country en which the most absolute
dupes nisi was established. rue people had no tangle to pay
fur the expenses of keeping up die liberties of other nations, aud
maintaining our own, the people sure:), ought to expect a diminution
ut that vast expenditure wench formerly existed, and consequently a
material reduction of the taxes that supplied it. As a further
graund to jawify the people in the expectation of this reduction,
Las would refer to the speech of his Majesty which stated, at the
oinmencement of the session, that the country was in a state of high
en flourishing prosperity—that nem tee was going on with a sue.
cess that could not have been anticipated—that improvements had
been made in agriculture, &c.—that the revenue she had it creased.
11 this were the case, had not the people a justifiable right to en-
lertatn the opinion that this prosperity warranted a reduction of
taxation, in which he regretted to say they had been grievously dis-
appointed. Dul not thus boasted provenly, he would ask, call
tor change in a system of taxation which had been imposed only to
apply to a partial pressure? The nation looked for such a change
as the result of such a szatenieto, not that lie (Mr. II.) admitted
the correctruss of the fact, that the several branches alluded to ha:l so
increased, as to raise us to that degree of prosperity that it was
alleged re had arrived at ; and this observation he would pani-
eoltrly apply to the agricultural condition of the country. By
agricultural imprecision was meant a rise of prices, and when prices
were low, then I.le country gentlemen complained of the depressed
stadia the agricultural interests. Put it should he remembered that
high pikes had the effect of depressiog.the other interests of the
a entry ; end therefore it was Inure anti: able for the general good
of society that prices shook' be low than high. This was a prin-
ciple which was admitted by the Right Honourable Gentleman,
the Chancellor of the Exchequer. and which the late lamented Mr.
Ittcanlo had frequently proved in that House. Ifisadvantageous
es high prices Were, fluctuating prices were still more so to a
venom and there must ever be fluctuating prices in this country, so
long as the pnsnn corn-Lill remained in three (Hear, hear). •The
consequerce of that bill was, dust either the consumer paid tou
much, or the producer paid too little. This created an evil which i
it slants besought it. to avert in a free country, nanielr, one
part of the community petiti wing against another, nod ilium the
ottention of the legialatere was distracted from adopting measures
which might be beneficial to the whole of society. He (Mr. II.)
it: velar d that a change was soon likely to take place in this
agricultural property "'Melt was to ninth talked of. Bonded wheat
would be soon in, and then he apprehended that an alteratimi might
occur, which would induce winks ten 10 speak differently frmii
what they now did on the subject of agricultural improvement.
torn WAS 110 Tera the average of seventy t" No, no," from ',vend
Plembeno, he ktiew that it was sometimes an high ar seventy-four
hot he stated the average correctly by effitMeg it at serenity.
%Viten the time he alluded to arrived, the mosumer and pro-,
rimer would actin he brought into opposition, and the rime I
kormage would out be held asses now hotel. In the emote of the
l
eloquent statement' of the Chancellor of the Egrhequer. he,
went out of his way to extend his roteetlon to two estunnrired
charm:Les—the Emperor Franeis and the House of Commons. The
Entperor of .lustrot hail certainly contributed to the rosperity of,
tile country. but in what it muter did he do +9? By paying two!
milhoto and a half fur a debt which, when both the pnnental and
interest of it wee corsidered together, amounted to twenty-five
millions sr d a half, whach was elsi.si,:erabl, more than on a for-
liter ocaasion was alleged to he the debt. As to the applause which
!sad been beeped upon tl e House, he was not indisposed to !Mu
them. 1,, getting out at whit was tonne,' the difficulties of'the '
coantry, the nova 0.0 delivery was attributed to the tondutt of
Ms/asters. and in what did this merit consist ? In comismiog
system which imposed long-sunirring on the ration.—trltich took
rot front the lissariat but the 4,11111-oft• et the insgsle-• net
turn their arnsforts, but from their very mans of exi%:eure,
t.,7 it Is known that many died under the pit-sore of the
bit-de is impose.) during the late war. And the sohe illefit
of Alinisars was to be found in saying to the people, " We will
net now cominue to loop those burdens upon )ea, now th.tt we are
not at war, and hare !inn at peace." This was the reel ground of
their pngenaions to the thanks they claimed ; and they thus
bought to make the ration lailieve that it es:, not to itself told its
owti exertions, bat to the forbearance Irtrisoment that it was
rodehted for whatever prusperity it egj ',Ask Tint Right hook
I illttielllllll had, howe'.'or, in his address to the ihtitar, stated air-
totter and more motional cause for the growing vnstprrity that was
alleged to prevail, namely, an increasing commerce, aid an In.
crenaing consumption, the consequence i,f comfort, and oppnr-
tunitim of exertions ..hietled by peace. The Right Hon. tient.
said that all this wits due to Parliament. Ile (Mr. 11. l would ray
that ii was not. latt the Right lion. Com:lemon descend to root..
atsl, fur toe good principle catablished by Parliament, he would ad.
due: two or more estnblialied by the octopi?. The reduction ofi
partial taxation was a right of the people; the flintier which was
vuilected in taXatittil WAS the money of the pt ople. umd not of the
Parliament; it,A, when public exigencies did not demand it. it
should not 8e taken from them. .'g the Chanerlk,r of the Ev-
homier had gore rot of his way to eulegini the Emperor .1
Austria and the of i'osstmons, he (Mr. 11.) would not gm out
of the way, but into the way of the Right Hon. Cent to support
t,:e ruse of the tope. He bad heard the Marquis of Loodunderry ;
sae. at one period of the war, that eitliti no fur her reduction could I
tstate otos'e in intatio.i. or the stairs of the cuantry could not goon. I
rt-ervore Mies the 3liob-ters of the th own who had nttempted to'
teal the people stir further reduction was impoasible. The
pdlpie were uns however, to sobwit paticn,ly ter taxation

so grievously oppressive, and they made against it a auemurful
stand, they denniaded and obtained • reduction. Now, that
declaration, mute with so lofty a tone from a Ministerial bench,
!was still haind fleeting and unsubstantial, before the unanimous
expression of popular feeling. And when the ;Rini-it/ea word failed,
00 wooder the people should suspect his successor. They still
thought, notwithstanding • similar declaration from the Chancellor
of the Exchequer, that further reduction could still be mole, aril
that reduction they humbly solicited. It hail been said, that
through the parental care of the Government, the state and moth-
thin of the country had reached the highest imaginable perfection.
He begged leave, however, to dissent altogether from that poetical
recommendation which the fancy Of he might thus designate any of
the qualiaccions of a Chancellor of Exchequer) of the Right lion.
Gentleman bad bestowed upon the Government. It was to its own
native health and vigour that the nation owed its recovery. It was
ingenious indeed, and foliated the modesty of an experienced debater
to attribute the cure to those who had created the nation's distemper.
The famine of the nation sprung from the misrule of Government.
and yet, at the very approach to recovery, when the patient first
meowed the invigorating sky, and felt the balmy sir of heaven,
these doctor, of the tame cula ttttt " f /h, it is to us you are in-
debted for the life and health you now enjoy." Ile could not help
complaining too, in another instance, of the manner in which the',
people had been treated by the Chancellor of the Exchequer.
To them had the Right lion. Gentleman traced all the imperfec.
tions of our commercial system, and for the Government he claimed
all the praise that belongs to generous, and liberal, and political
legislators. "Commerce," said the Chancellor of the Exchequer,
" has been too long the victim of an artificial system ; the policy of
restraint was the offspring of a dark age; we propose to cut the
strings by which it is bound to the earth, that it may reach to hea-
ven in the wide career of its blessings." The Right Honourable
Gentleman seemed to think that commerce had been pressed down
to the earth, and compelled, peinelbrie ridsJu re. there to continue, and
he proposed to remove the weight from it limb after limb, until it
reached Its original state, and recovered its natural powers. Who
was it then that twisted these cords ? Not the people, but the
House of Commons. It was in the House of Co tttttt ons they were
first framed, and in legislative policy they were first enacted. The
Chancellor of th: Exchequer had said that his scheme of finance
was not merely intended for a year: there was a perfection belong.
ing to it, which it would be most criminal to confine to so limited
! • period ; it was to last until 11127 t and the scheme and the speech
of the Right lion. Gentleman was applauded. But who that beard
him could for a moment believe that the moat unintelligible or
pernicious lithium of the predecessor of the Right lion. -Gentle-
man would not have obtained in that House the same Appian*: ?
The xo/den idol of the late Chancellor of the Exchequer had in
that House its only sincere worshippers. The Sinking Fund was his
most acceptable service, and ninny there were in that Blouse who
son:hipped It
6` Of whatsoever kind of sod he be,
Or stock or stone, or homely pedigree—
In his defence his servants are as bold
As if he had been forni'd of beaten gold."

Now with respect to the rentoval of restrictions, he was no opponent 1
at a fit time to such a removal ; but lie must say that the restrictions
did not originate with the people, nor the opening wide the gates of 1
commerce with that House. The spirit of the age ?equine! it. 1
The duties that had been remitted gave but little satisfaction even
to those intended to be relieved. In proof of this assertion he might
appeal to the numerotis petitions presented that nightfrum the wool-
len manufacturers of Yorkshire by the Hun. Mentleer for that comity
(Mr. S. Wortley), and the declarations of his Ilea. Friense. "the
Member for Coventry (Mr. Ellis), fr..m which he iqferred that the
silk manufacturets of that town were little inclined to applaud the'(
reduction of duty on silk. (" Ilear," from Ale. Ellis.)
need he would ask what benefit the people, whose happiness was
the theme of Ministerial congratulation—.F'eficer, eta sibtoto serial!
—what poasibleadviunage they were to derive from the reduction of
duty on silk To the pour or to the middle classes of society it
was no benefit ; to the aristocratic and the silk waistcoat wearers it
might produce some trifling difference. Ile thought that this was
the time fur the Houses of e'ontmons to make a stand. The Right
Hon. Gent. made his budget up to Intl, and now or never wax
the time to stand out for a reduction. If they did not mend out
now, they would be told, as they had been told of that abomina.
We and pernicious eystent, the Sinking Fund, that Parliament had
determined upen its utility. The people of England had paid two
billion of millions during the last thirty years (a laugh) in toms
and taxes, and now arose • surplus of four millions, and the
Chancellor of the Exchequer was at • her how to dispose of it.
The people of England were religiously disposed ; they re-
-Iquired the erection to new churches, and if they wanted
them' most unquestionably they were entitled to them. Ruttish was
eloquently expreeeed by an lion. Friend of his, they lived in a
time of extreme pressure, and until taxation was clean gone, it was
not becoming to lay out upon churches so much of the public
money. The people of England were a religious people ; but he
regretted to be compelled to say, that the Church was not at this
moment in good odour with them ; and with such a feeling pre.
relent it was had policy to add to its prevalence by the exhaustion
of se much money in church building. It arose front, perhaps, the
jas tinhorn by which tithes were claimed; or that failing—the
jws Parliamentarihne—that strong and irresistible power from
which there was no appeal. And what was the consequence of
that increase of churches? In Mary.la-bonne parish it lied die
effect of trebling the value of seat . in the old church, and the rates
were incrt axed ee per cent. He appealed to any lion. Member ac-
quainted with the parish--and many liendemen who heard him
' were in the habit of encoding church there—whether he had not
correctly stated the consequences to that parish of s new church,
for which parliament had granted one million 1 Of the Austrian
'Loan much had been said,and it was thought matter of praise to the
Emperor that he had not, recurring to diet tritium ratio regain',
1 refused to pay any portion of his debt. Ile contended, that the
reiniasion of the assessed taxes alone would afford much more ge-
neral 'chef to the people than all those reductions of duties pro-
claimed in the budget of the Right Honourable Gentknien. The
people were more harassed by the five millions of assessed taxes
than they were by the remission of ten times that sum in the way
of duties. 'lite surplus charges and inquisitorial visits of the
tax-gatherers, made the nuisance as intolerable as the tax hate was
unconstitutional. The tax was, as it had been observed by the
Honourable Member for Reading, in the nature of a prapetty-tax,
and its operation was most unequal. In Liverpool, for instance,
it had the objectionable consequences of the ehop-tr.x, which Mr.
l'itt was compelled to abandon. .Ind in Bath, in one street, it
operated to the rate of nearly 190 per cent. There was this addi-
none' objection to the window tax. it was given at first as a cum.
promise for the duty out tea, but gradually that duty was increased,
and the whitlow tax still continued. It was a tax, ton, which fell
upon subterranean dungeons, to which by a small pane of glass
the fght of heaven was admitted. Ile asked for a repeal of all the
women! nixes : if Alinisters would yield to his wishes (a laugh.)--
In short, these were all duties in which the public felt a great inte-
rest, and which should be reduced as soon as possible. Besides.
when he looked at the projected expenditure of the " God-send."
the sum for churches which were uncalled for, and the 3110,0001.
fix repairs at IVindsor, he really thought the Chancellor of the Ex-
chequer Tea thrgeteul of the duty he oced to the people. He
(3:r. Ifobbote.e) would appropriate at least two millions to the re-
mirsion of mention, including the whole of the Austrian loon and
theloan for this year for %%Indio'', and also the amount of charge
for collecting the beer duty, which would produce a saving In the
C011:1110:1 chine of .2/181,10eit. Ile did not mean to touch the Sink-
ieg Fund, as it wit. considered necessary to the support of public
creviit, which alioule be always kept inviolate. Ile called upon the
country gentlemen for their support ; they came forward when their
own interest was particularly concerned, and he hoped they would
not now refill° their aid, when the general interest of the people at
large waste) vitally affected. Ile called upon his Majoity's
tire to realize the pledges they had given, and he was mire they
winild tied the people grateful; they were always grateful for real
benefits ; butt he eas satisfied they havl not yet remitted to them
these tax:. which they expected. If Ministers did not attend to
tee wishes of the einple. they would elan find themselves bereft
of that support which they now thought they had secured, and
woad men: the general censure of it:dependent nien. lie should
cot trouble the House any further than by moving the following

I" Itesolves!, That It appears to this !loose, that the duties pro.
posed to be taken tdf are not such as to satisfy the expectation of
I the People; and that the ll' intloiv Tax. bcins an unequal and op-
; !messier tax, sLall be relicaled wholly and Immediately frown the
: sth of .April nest."
Mr. MA lIEIIIX, Ia seconding the motion observed, that as,
the plan proposed to the !louse the caber evening by the f'hancellor
of die Evehetpter, was to extend over a iseri.al of three or tour
years, and WA turfisat term he mei/hated no diminution of taxes, it
now became necessary to peers for thit reduction. whisk, he agreed
with the lion. Ilembil fur M'estntinster, was abselutely necessary.
lie wished at the outset not to appear inconsistent, and not to be
inistmilsranewl, iefun hr wild the plan of the Chancellor of the Ex.
ChLVlrr ::as altar and liberal, rid ilia; the expenditure and revenue,
particularly the latter, Was rtgher under than over.rated. Ile a
in the principle of a repeal of taxes., but he still reserved to 17:7!
Mr the tight of eanisidericg the deiail ; in other words, of weigh.
*C.!• the taxes to be rep ales!, after all parties interested in the repeal
I should have been fully heard in support of their several claims.
to the reilitetior Or the bounties, he agreed in the principle, but
thought the vs:to:tiro should be spread Orel a period °fissile years.
IV WI rest•eer to the prorosed redurtion of totes, he the other even-
in; °Nevi ed. that he did not thick it sufficient, and he was still of
the /Mite opinion. Ile thought the cominutiree of taxation a
grievente. when three existed a fund from %la.+ it could be re.
; wed he ci old have mentioned it &trial the diseusiion of
last 'Sfinittav, hat that he had not given the ClAncellor of the Ex.
cla,ei acil he nett thiset:tre press i: set his attention.
Ile thutight the premed a favourable opper.ucit; fir looking at those
finan-e measures which were intended to be continued till 1tr.17 ; in
fart. the -..sincr the stilneet was fully entered int s the better. Ile
ly h •Seved that the pi,!,lie were not satisfied with the pro-
pos,sl redurtions, and that the es-auction of the WhillOW.laW, and he
n,ight add the a•hol, of the assessed taxes. might be repealed with
the greatest possible advante.ge to else public. With nispeet to the
re:i.al of the a indiw-tax, he need nut say a wont ; fur the Chan-
cellor of the Exchequer. by a remirsion of 50 per tent. already off,
that tax, had ailinittrsi its necessity. Seemly, however, did that
'repeal take place, a hen a fresh survey commenced by the Commis.
siemens, and he was quite sure, if the l'reusury order had not been
ismed, the table el the House rould be loaded with petitions from
cvt -y gunner of the kingdom. This order however only extended to
the Louse, and not to the window duty. If those taxes wereredreeti,
he was :env that many petarns living &hymnd would return to this
country. anti thereby benefit the revenue more than the produce of
thoi,e faxes. Ile was besides not blind to* the want of comf loet which
these taxes produced against the poOrtr Lid middle elasse% who, I.
la consequence of the premium.; of those taxes. were obliged to be
comprt.sse:l into small r 003114 where old and young, diseased and
soitna. wi re crammed together, and that to the great danger of
their morality. These were evils which miglit not be very eaten.'
sive or very visible to persons in the higher walks of life; but still
the 14,gislature w SS liound to take them into their consideration.
The none argument for the continuance of taxation was the support

**public credit. To rOpport this public credit, the House re-1
solved to have a sinking fund of five millions ; and, yet within one I
fortnight after that resolution, they came to another, by which they
brought that down to a little more than two millions. Such was
the inconsistency of the Government and their supporters, and yet
!they now again dung to their favourite fire militia-. as necessary
to the upholding of public credit. Public credit could be its well
supported by the one sum as the other; and the more the taxes
were rcslucal, the stronger would the public credit grow : the more
so, when all were agreed that the strictest faith should be
kept with the public creditors. Looking at the whole revenue
and expenditure to Din, it appeared there would be a surplus of
4.135,10•91. ; but no sooner had the Chancellor of the Exchequer
obtained a certain portion of the Austrian loan than he began
mediately to wanton—the money burned in his pocket, louse tho
vulgar phrase ; - but he repealed no taxes in consequence of that
..OW-send ;" while he (3lr. Moberly) contended there was no
right to tax the people one shilling wore than woukl satisfy the
honour and the character of the country. Neither had Government
• right to take taxation to maintain n sinking Fund. Looking at
the items of charge for 11124, the first sum that struck him was that
of 500,0001. for building churches. He had rot heard of any pe-
titions praying fur an increase of churches. He saw no necessity
for them, and before he could vote to appropriate such a sow for
such an object, lie must have sufficient ground laid before him to
justify such an expenditure. ll'hy not lend the Church money as
they did in Ireland 1 There were no grounds laid for such a vote,
and, if there were, this was not the time to grant it. The next item
was for the repairs of 'Palaces; and hue wished the King of this
country to be magnificently lodged but thin he thought some of
the old Palaces should be sold, and* new one built with the pro-
ceeds, suitable to the dignity of a Itritish King. flowerer, as this
sum might be spored, he would not press its omission now. He
perceived, in looking at the amount of the Sinking Funil, cal-
culated by the Chancellor of the Exchequer—
That for 11124 would be - .C.5,284,4:41

11126 - 5,4611,4011
1827 - - 5,638,468
All sums taken out of the pockets of the people. In the collection
of the assesiud taxes, there might be a saving of 300,0001. There
was also another head on which a consideratde saving might be
made he alluded to the affixing the duties now paid on malt and
beer, to malt alone. If that was done, the whole sum charged for
the collection on malt would be saved to the public. Suppose the
duty on malt to be now lfM., smite be increased to 20e. . • the charge
for the collection of the beer duilew. Amounting to 2/10,0001. would
be annually *awed, and the poor man have his beer as cheap as the
rich. On this day week he intended bringing forward a motion on
that subject . • and he hoped it would meet with the support and ap-
probation of the House. If the Chancellor of the Exchequer had
followed his (Mr. lliaberly'R) items, he would find that for the
four next years to mine he would have a sum of nearly six to se-
ven millions to reduce in each year. It was said, however, theta
winking fund was necessary; which he denied—be-ranee he was
aware that Government had a fund at its disposal, which, if pro-
perly laid out, would even satiate those who called out so strenu-
ously for the support of public credit. By the operation of this
fund exchequer bills would be taken at par out of the market,
which, if we were going to war, would be funded at 75, and pro-
duce a lose of millions. The operation to which he alluded was the
sale of the land-tax. As a tax he objected to it.—it was unjust—
its injustice was not denied by Mr. Pitt. It now drooped and de-
clined ; though in its origin it was intended forthe support of pub.
lie credit Let Ministers effect a sale of it now, anti they could at
ones reduce the assessed taxes. If that were sold, hoonnepout,
could be re:heed, which would raise public credit, and render a
sinking fund altogether unnecessary. Supply and demand, when
equal, always upheld public credit. lie would Five to the Minis-
ters the full power of selling the land-tax ; attaching to it all those
rights which might render it inure valuable—such as the right of
voting, killing game, and the eligibility to seats in this House, of
which the landed interest could rot properly complain. Ile did
not calculate that any hazard ern* attend the operation he had re-
commended. But let the Ministers first try to effect the sale, and
then, in the event of success, proceed to a redaction of distance- Ile
hoped this suggestion would Int attended to by the Chancellor of
the Exchequer t and if he pledged himself to attend to the subject,
lie (Air. Moberly), in return, would pledge himself not to call for
a reduction of taxes, until he had time to effect the sale of the land-
tax. It, however, the flight liononrable Gentleman would give
no such pledge, then he (Mr. olaberly) asked to let the matter go
before a Committee, with whose decision he would feel satisfied.
lie was pleased at the reductions which hail taken place; but he
did not think they hail yet proceeded far enough. It' the Minister.
reduced the taxes which he knew they could reduce, they would
add tont( rially to the comforts of the people, and prove themselves
one of the most popular Adminis.r.sions that ever sat at the other
(ministerial) side of the !louse. When he said popular, lie did sot
mean it in the idle acceptation of the term ; but in that proper sense
in which men of knowledge generally understood it. For these
reasons be should support die motion o. his lion. Friend the 3lem-
ber for Westminster (Mr. liobbouse).
The question being put,
The I.IIANCELI,OR of the EXCHEQUER said, I must
confess, Sir, that I feel myself in rather a dilticiilt situation ; fur it
k not only my duty to defend my own propositions which I submit-
ted to the House the other evening, but also to explain the grounds
on which I think I can euppor: them, and those on which I can-
not acquiesce in either of the plans of the Member Mr Westminster
(Mr. ilithhouse), and the Member for Abingdon (Mr. Itialietly),
I trust, however, that I shall be able to justify the roam I took
the other evening, and to show there are no grounds for acceding to
the plan of either of the Honourable 31embers. The contest he.
tween us is of a novel nature, fur the question between us is not,
as to the decrease of nixes on the one hand, or the existence
of those maintained on the other ; but whtather one of two
particular modes should be adopted, to give relief to die people.
I do not clearly understand whether the lion. Member for Abing-
don intends to support the Hon. Member for Westminster. Ile
admits that my proposition' are just and right in themselves, but
he wishes to superinduce an additional reduction of taxation by a
contingent plan for absorbing the land tax. lie is content, at
present, to waive all idea of the reduction of the Assessed TIM'S
until his plan shall have been carried into execution ; when, it' it
should succeed, it will be competent for the House to do so. Ile
cannot therefore, in coreistency, support the Ilan. Member for
Westminster. Besides his plan has been already ben,re the
(louse. It was last Session submitted in detail 1,) the !louse, and it
met with no very active or strong support from any part of the
Ilouse. There may he good reasons for inspiring the law relating
to the reduction of the land tax, with more life and vigour.
1 will not deny the necessity of some reasonable measures
of that description. But it should be borne in mind that
the circumstances under which the progress now goes on slowly,
are diametrically opposite to those under which it proceeded rapidly.
The funds were then low and the land high. It could be
easily understood that the landholder had then an interest
to transfer his stock for the redemption of his land-tax, but
though agriculture had somewhat recovered from that depres-
sion it had suffered, yet there were not the same motives new
in operation as at that period. The purresc of the lion. Member
for clbingelon was to take out of the market 30 or 40,000,11001. of
stock. The inducenieit, however, roust be strong, or the plan
would be inoperative; and I do not think he is justified, on the as-
sumption of the perfect success of the plan, to pmpine the reduc-
tion of the assessed taxes. The Hon. Member for Westminster
prefaced his motion by a great number of remarks which I think
were not strictly applicable to the subject; but, perhaps, as lie looks
upon me as having toilowed the same course on a late occasion, l hare
no right to arimadvert upon him for imitating what he considers to
be my example. l le thinks, that when I expressed the opinion, which
I sincerely feel, that it must be a gratifying circumstance to Parlia-
ment to look rotund and witness the improvement that has taken
plaec—an improvement beyond the most sangtine expectations, not
only or l'arhament but I believe of the lion. Gentleman himself;
for, though I have frequently heard him dilate on the dilficultien
and distresses of the country, I never heard hint once say that he
contemplated for a nialient that it could be relieved from those dif.
timid's and distresses, except by certain alterations in the form
and construction of this House, to which I will rot now more fully
allude: I say it appears, that when I paid what I cum-Wend a just
compliment to Porliamest, the llon. Gentleman thinks that I over-
looked all the merit of the people, that I neglected what was due
to the energy with which they met and the fortitude with which
they vassal through those difficulties and &stresses. and the
virtues which for so many sees have characterised the people
cf. England. (Loud cheers and Cries of ••liciar.") I hope I never
shall be found so ungrateful towards them, who are themselves ever
grateful to their rulers for the happiness they enjoy, as to forget
their nterits or refrain one moment from making_ thine acknow-
ledgments which it may lie within my power to Wet. for the con-
duct they have displayed. (Hear, hear.) I readily admit, as all
ininklnitmust feel. thatit is use to the exertions pt' Parliamett
alone sub unassisted, that we are to ascribe the hippy revolt we
have attained, but to the energy end spirit of the people that we
are it. 'great part to attribthe the relief of the nation. (cheers), ar.d
1 arc coutident that the sentiments I expresses! last year in the speech
to which he alluded, are not justly liable to the reproach he has
passed upon them. The Honourable Gentlemen has argued this
evening that notch di:appointment has been produced in the coun-
try by my statement. He says it was not calcuhited to give saris-
faction or becon.e in coy respect )copular. Ile complains that it is
111) madeout as to convey the nielareholy and gloomy prospect of
no reduction of taxes liar four years to come. sea wall morale that
my prop oeitiore are not, in the crdinsry ser.se of tl.e weed, popu-
lar ; but i: would surely ill become a person in my situation to
overlook all the ;rent principles which he ooitht to apply to the re-
gulation of the co ntmeree and Cornets of the country, (hear, bear,
hear,) merely to obtain a temporary popularity. ((:lic:is.) If he
did, I ant sure he could obtain no solid credit for himself ; he
could confer ro solid good on :he oltr: try. (('heum.) From the
unpopularity of my state-menus, it' it is indeed unpopular, as
the Honourable Gentleman asserts, I am at least entitled to say
that it is utterly impossible his 310)esty's Government can have
had any earthly oblect in drawirg it up, except to take advantage
of the lust hivourable opportunity to call into activity and life those
sound and enlightened princ;ples which every man, whether on this
aide of the tionse or the other, every man I believe in Parliament,
every man I may any in England or any other country, who has ap-
plied his mind to the consideration of the subject, deems net only
to be of the greatest importance relative to the ineercourne of natior.s
with each other, but übsolutely essential to the well-beingor states.
This I cot eider to be a legidaute object. It is, I eat sure, one of
which 1 shall never have reason to he ashamed, (Chars.) But
though the Honourable Gentleman admits my propositions to be
right. he says they are not popular; they are not calculated to sa-
tiety the just wishes of the people. If this were the fiat moment
when 'he reduction of taxation was taken into consideration— if the
same distress was still in existence that premed upon the country
three or four years ago, the question would assume a different
shape; butnow I contend the lion. Gentleman is for beginning at
the wrong end. He forgets all that Parliament has done. Ileitis-
gets that during the hart three years, three millions of assessed
taxes have been repealed in this cimetry, and the whole in Ireland. iii
lie forgets, that from regard to the well-being and comfert of the I
pourer classes, Parliament has espealid ups-3:as of three millions of

taxes on malt, salt, and leather. Ile also forgets the important pmpo-
sition considered last year, and which the House !tan induced to
carry, as it were by acciernation, I mean the proposition fur re-
clueing the duty on the distillation of spirits in !relied, by which
a sacritice of the revenue, to the extent of 1100.1111101. was made.
;Parliament cannot do every thing at once. To ridiculous an
ationt t would only throw all things into confusion. I have
she IVO In the instances of the assessed taxes and the duties on
unit, Lilt, and leather, that Parliament has inarifested every
dispersos°n to relieve the people. I rare not whether the Ho-
nourable 1/entlennui considers this result as the voluntary act of
I Government. or as forced upon us by the other side, or both by
' the clamour of the country. The fact remains, that G.iveriintent
and Parliament have shown every disposition to relieve the pressure
of taxation at the moment of its greatest pressure ; and I say there-
fore, it is too much to charge us with indiflirenee to the wants and
iwishes of the people, because at the first opportunity we proceed to
adopt sound principles for the future, even thought we do so in
preference man itnenetliate remission of taxation. I hope that Par-
t liament will support us in these just principles, by maintaining and
; upholding which we shall be enabled at no distant period to ton-
tribute still further to the reduction of taxation. (Charm.) I
think therefore it is the duty of his Majesty's Government to watch
with Inc @sant vigilance, the promotion of these principles. I should
be salaamed if I kept them out of sight for an treuun. I have re-
commended the first step to mount the ladder, and I hope the
House will not suffer heel( to be run away with, to give a more ion-
retaliate gratilicution to the alleged wishes of the people, but that
it sill take a wider range and more comprehensive scope, and sup. ,
port me in that plan which, whateni there may be in its details
liable to objection, I have not heard one individual in the
House say is in principle wrung. (('heers.) I shall now allude
to that par of the Hon. Gentleman's speech in which he considers
itly siateniebt, as precluding all possibility of expecting any fur-
ther reductions of taxations for a long period. When I took a
view for four years io come 1 did so because I wished to proceed
upon tale grounds. I would not incur any risk ; I would not go
too fast, lest I should he driven back, and do mischief instead of
benefit. I admit that the remission of taxation must, in every in.,
stance, produce positive good (hear, hear), and the means of a still
further reduction (hear, hear, heat); but no man who looks at
the subject with the eye of practical experience, and the fore-
thought which a person in my situation ought to exercise, would
calculate that the reduction of taxation would so immediately '
produce these consequences, as the Honourable Gentleman seems to!
expect. There can be no doubt that the effect of reducing
the assessed taxes will be greatly to increase the remainder ;
but it is impossible to assume the improvement within any given
and limited time. I extended my calculation of the state of the ,
finances to the next four years, for the pureose of shewing what
would be the result, if, during that petinel, the revenue did not in.
crease, nor the expetaliture diminish ; but in fairness I ought not
to have been undersimel to say, that I slid not expect the' revenue
to increase or the expenditure to diminish. Nothing in my opinion
can be more unwise than to make a mere sanguine calculation,
leading to error and disappointment. I conceive that in the course
I took, I was justified l.y every principle that ought to guide an
individual in my situation. The Honourable Gentleman thinks .
me wrong in estimating my surplus, because I included the re-
payment of the Austrian loan. I could not leave it out, because, if
I made it available to the genera: service, it must be added to the
general account; and I made no additional charges, except those
for the Churches, Windsor Castle, and the pictures. Dahill loan
had not been repaid, I think the country is in a situation that
would have warranted me in asking for a rant for those objects ;
and the only difference would be, that I could not have proceeded
so immediately to effect a reduction of taxation. I shall take this
opportunity to advert to a subject cf great importance, which war
introduced into the lime discussion 011 these questions by the
Honourable Member for 3lidhurst (Mr. J. Smith), respecting the
duty On law proceediegs (Hear, hear.) I was rot insensible,
I hope I never shall be suspected of being insensible, to the evils
of those duties, though I confess I was rot so strongly im-
pressed, At the moment of drawing out my plan, with the
evils that do and meet result from the operation of those
duties. lam bound to acknooledge that it was my fault
that these duties did not Ct. AT into my plan of reduction. (Hear,
'hear, hear.) I am strongly impressed with the infinite (I
think that is not too strong an epithet) evil of these duties, and I
have endeavoured, by all the means in my power, to find out a mode
by which those duties may be reduced, and it is with the greatest
poseible !satisfaction that I now state that these duties may be re.
dueed without infringing on the principle of the carculatiosa I
submitted a few evenings *go. I am aware that I ant making a
statement that will expose me to reproach. (Cheers front the Oppo-
sition benches.) I ant happy then to find that it will not be the
(Chte.-s.) I feel grateful to the House for the kindness with which
they allow me to correct ashy mistakes. I said these duties produced
infinite evil ; they have been in existence more than a century,
though that is nu argument their favour. The only argument I
have ever Lend for them is, that they have a tendency to prevent
litigation. (Hear, hear.) I doubt the fact; but it is quite certain
that whatever good may be produced from the prevention of litiga-
tion, is ten thousand times less than the evil they produce if they
deny justice to one man. (Cheers.) On lookin,.l into the detail I
was gratified to find that in point of fact these duties in England
did rot exceed 180 Heil.. and as to Ireland, though I :Auld make
no calculation, I think I may safely take the produce at 20,0001.
The emu, therefore, to he made up to meet the loss to the revenue
will be 200,0e01. I have cast about to Lind the means to provide for
this deficiency, and I will now tell the House where I got them.
There ate nee modes by which it is practicable to effect a reduction
of taxation ; one is by finding other resources, the other
by reducing the expenditure. (Cries of " Hese, hear, hear.")
i)on't let the /louse suppose that lam going to propose a ucw
tax. lam not about to treat it as a matter of composition ; but
it happens that in the calculation I made, I omitted to advert to
an important source of revenue, from which much may be ex-
pected, though of late years it has brought nothing into the
Treasury—l allude to the Crown lands. 11l the provisions of the
Civil List Act, this branch of the revenue is placed under a par-
ticular department; and the profits are applicable to the public
revenue. They Mem part of the Royal property, but are always
assigned to the public service, like what are called the hereclitaiy
reverees of the Crown. They have always excited the attention and
vigilance of Parliament, as consisting partly of the royal titrests,
from whence comes the supply of timber for the navy. The income
from this source has been ceinsidernbly increased, but it has hither-
'to been absorbed, or more, in certain expenses. in the fommtion
of the new street. No less a auto than littn,oolll. has been borrowed
at 3 per cent., on the credit of the new street. The interest has
since been reduced to 1 per cent. These expenses have now ceased.
For some years the only sum paid into the Exchequer from the
Crown Lands, has been a sum of 900 or 1110111., arising from a
lease el sotne alum mines in Yorkshire. I estimate, however,
that in 11125, this branch of the revenue will be enabled to pay into
the treasury a considerable sum, which, in 1826 and 1827, we'd be
still further increnred. 1 think I may safely venture to calculate
on 1419,0801. per annum. In that way I shall find means to meet
half the less. The other half I expect to derive front the regula-
tions now in progress for the more efficient management of the
collection of the public revenue. I have received a communica-
tion front my Right lion. Friend, alto is at the head of die ( can.
mission ; and from what he has informed me is already done, and
prepared to be done hereafter, I feel authorised to venture to cal-
culate at least on an additional ItkLeiltil. from that source.—
In my former statement I assumed bO,llOOl. far the Customs, but
not for any other department. I think I can rely safely or. this eat.
eulatien ; and I hope it will not be the less acceptable to the !louse
on that account. (Hear, hear, hear.) Ido net think it necessary to
follow the lion. tientleman into the subject of the grant for build-
ing churches. His admission isjust and important, that he would ;
be the host man in the world to object to the grant, if its necessity
could be shewn. I should not have asked for it unless I was eat.l
&lent I could have shown the necessity, and that the money already
granted for that purpose had been properly aml beneficially applied. I
That nutrition, however, does not affect the matter at issue between
the Him. fientleman and myself. It appears to me, that the Hon.
Gentleman is involved in a radical error. (A laugh.) Ido not
mean any joke, I assure him (Hear, Inner. hear); but he. assumes
that Government can afford not only the million I propose to take
away, but also the 700,0001, he proposes to take away.
Mr. If (arms the table) intimated that he alluded
to the Austrian loam.

'the C 11.% NCEI.I.OR of the EXCIIEQUER.—But what will
the Honourable Gentleman do then fur next year ? lie dues not
talc!. quite so business-like a view of these subjects as I am bound
to do. I look forward to the next year. I do nut deny the value
or weight of the objection that the isessed taxes press on the peo-
ple. I admit they prer.l with severity, Intl therefore when I could
I considered it theft t to lighten the pressure by a remission of
2,2041,e11td. The I lonourable Gentleman has referred to some cen-
sure that has been impnteit to n:e for something that Itas been Sure
in the collection of the duty its windows. The tax- office directed
the surveyors to make a latish survey of their districts, and it is
true that an the letter there was certainly an allusion to the per
tentage that we mid be allowed if the surcharges were establish-
ed. I ant glad to give an explanation of what Government
really intended in that measure, and of what guided me in'
sanctioning that survey. It was reptesented to me that their va. a
great inequality, in certain parts of the country, in the male in
which the house tax was assessed. It was retieesented that some
houses, le:roily holde, leen cot assessed, and that other. of vcaetly
the same tent, slre, conrenience, and vature, were it,se-sod at dif.
c
.Yrent rates. Nuloc.,.'v will venture to deny that it is Or the essence
of justice in a tea that it should be eqval, and that if evasion is
practised by one yerson it the expense of alother, the diiivience
' tahen from the latter is. in fact, robhed front hint. IL was found
that eie ineenslity in the Ca,: Of the !:.rose tax prcvaile t to a great
extent and. the result of the fresh survey was, that the total pm-
duce of the house tax was raised considerably above the amount of
last }tar. It his been objected that I ought not thus to screw
net the last li,rthing that the Act will authorise: me to es-1
ten hut I will tell the Hon. Gentleman what my object was
in this new surrey. If it had turned nut that by raising the tux
equally and justly, the total produce had been increased beyond what
I had calculoted„ I should have felt myself bound in justice, con-
sistency, and tair dealing, to have come down to this douse, and
proposed a reduction cf the rate. (Cheers.) Ilut as the object of
the sorvey was misunderstood. and it excited so much clamiter, I
directed the surcharges not to be enforced. I feel it my duir to
state, that I shall now direct the survey to be continued : for I du
not mink it foie fur one man to escape at the expense of another.
If it should increase the total produce of the tax, that will be a
fair ground fur reducing the rate of the assessment. (Gear.) 1
am glad to have had thisopportnnity of giving this explanation here.
where alone I can give it. I will not tenable the Goose further. I shell
not re-argue the. question of the sinking fund. It would be useless,
since the House 'has decided it, and I will not weary the attention
of the Slembers with a repetition of arguments, which, however un-
palatable to the Ilan. Gentleman, is perfectly astisfactary to the
'louse. I assume that the House is rte. disposed to dened (rent
the principles they have an recently- sanctioned, and rei.eind the law
they passed the hist Cession. The House cannot adopt my Out
and his in concurrence. I think mine is the best under ins-sent cis. I
cutnetances, and I confidently leave the question to the tlxisi.in of

the House, satisfies] that they will not consider that in the comae I
have pursued, I have not acted with indifference towards the wanst,
wishes, and feelings of the people, but in an honest endeavour'
discharge my duty on sound and liberal principles. (The Rig t
Han. I ientleinan concluded amidst very great cheering.)
Mr. J. SMITH expressed himself gratified it the prOpmed e,
duct ioa of the stamp duties on law proceedings; and he aisnidOie
expenses in other respects could be brought under the considcra:ion
of Parliament. In his opinion, all the surplus ought to opera.,
in remission of taxation. Suppose an individual with a inort;!gee
on his estate of three-loofahs of its value. Suppose, by somearci.
dent, lie received a God-send of 10,0001., and he applA to an it .
trillion: friend to kn.'', what he should do with it. What advice
would he receive Ile would be adviced to pay his debts is the
first instance, and. if his creditors were not pressing, hr souldb e
advised to make his tenants happy by reducing their plus The
lion. Gentleman then objected to the grant for building choreic
Ile knew the obloquy and horror he might raise against him, but
he could discover no reason us justify a vote of :iiio,oool. foe sari a
110 7"e- If there were not particular circumstance' operatial
against the Church of England, churches would arise as fast as
chapels. The lion. Gentleman then alluded to •several instances
within his own knowledge. of disputes about rights of prtmentatiou.
He agreed with his lion. Friend (Mr. Illaberly) so far as theta
plan would form an admirable resource fur the support of pow e
credit, in case of a new war.

Mr. GIPPS supported the grant for building churches, and re.
(erred to the last report of the commissioners, to 'thew that they had
• been obligee., in tnany instances, to reject the applittatim of
I parishes..
Mr. WHITMORE would not trespass at any length upon the
• patience of the House, but be could not retrain hum uurring a few
J observations on the subject before the House. and ceprtatng his
• &eller, tel gratitude to the Right lion. Gentleman the Chancellor
' of the Exchequer for the plans of finance which he bad nubmittod ;
plans which he considered mist consistent both with the canoe
tution of the House and of the country at large, and which, titter.
' i severed in, would lead to the further reduction of taxation. la his
i opinion, no method could be devised better calculated to attain the
, object in view ; mud he tbowet himself justified in expressing not
i ileac his personal gratitude, bat also the ferliege of the country is
genteel, fur the measures propeont by the Right lion. Gentleman
Delimiter and he telt sincere pleasure in the idea that the time was
not far distant when further reduction would be made. He only
! regretted the present reduction did not go to the precise even for
which he was anxious. Whilst upon the subject, he ventured to
; hope the House would go back with him to a topic which he sag-
greed to the House am the last year, which he considered to be of
J vital consequence, and which he would, at no distant period, en.
deavour to submit to the attention of the House—he meant the
question of the corn tirade; end he would maintain this, of ail
questions, most sleeted the prosperity and interest of the coin.
try, and it was of the po!oist importance to the interests of the
1 people that all the prioadbees open this subject should wear away,
and the evils springing hen the system so hostile to every sound
principle of good policy andjostice would be abolished. This win
the plan lie proposed to tbe House, ablest was consistent, rot alone
with theory but with pathos, and be would take the liberty of tb.
nimuientling the Chancellor of the Exchequer to adopt some Ines.
sues upon the subject to which he abided, and by this mese, he
would provide for the are (if it should happen to occur) of high
prices ; if these high prices did return, provtaion could be mole for
their extent, aid for the height to which they might rise. He had
on a former ocrasino brought this topic before them, at iltc last
I time of their meeting ; but he could not, consistently with Lis fete
• lags, omit the opportunity of stating his sentiments, and expros.
ins his concurrence in the plans of the Right Hon. Gentleman. In
this course he was influenced by the deep sense of the importance
of the subject. lie could net bring himself to vo'e for the preps
anion of the lion. Member for II estminster ; in his opinion the
Right Hon. Gentleman won as far as be could. He was convinced
that these great and sudden reductious would not be consistent with
sound policy ; and in the view he took of the question, the evil
would not be remedied by the repeal of the duties which was
sought for. Ile would vote on this tecasion as he had on many
others, influenced by a sense of his duty, and in direct opposition
to his helium,. There was another subject alluded to by an Hon.
Friend of his. lie did not mean to discuss that question. berause
he did not understand it ; and he hoped before it was discussed it
the House route light would be communicated to him upon the
subject.
Lord ALTHORP rose for the purpose of stating that he
agreed entirely with the Right Hon. the Chancellor of the Exche-
quer in the reductions lie had effected, and in the plans he pursued.
He only disagreed with him in being of opinion that the reductiens
were nut carried far enough. Ile entirely concurred in that part of
his statement in which he promised to take off the taxes on law
proceenings ; and that he would make inquiries into those ether
taxes which could be removed. These statements had been made,
as were all those which he had occasion to make, by his Right
Hen. Frierel, in a manner which must be respected salons as can.
dour wee reckoned a value in the House. (Hear). It was a grate-
ful. a satistnetery circumstance to him, to be able to pay this tribute
to his Right Hon. Friend, whose intimacy lie had the pleasure of
enjoying for a long time. He agreed with the proposition for the
reduction of taxation,. His regret was it was not carried (nether.
If the lbws...Lad attended to his conduct upon various occasion,. it
would recollect the decided opinion he had always expressed on
the subject of the Sinking Fund, Ile had ever maintained, and he
would to the last, that the real prosperity of the country would be
caused by the reduction of the interest of money, end not by the
establishment of this fund. It was an utter impossibility that the
welfare of the country could be influenced by Slits fund. By means
of it there were applied five millions to the payment of the mine!
debt. This debt was to be considered in the light of a perpetual
annuity, and the taxes raised for the purpose of paving off any pan
of it might be considered as part of the %peal. Therefore, it an
attempt was made to pay off the perpetual annuity, it was tee 6=
thing whether the interest was reduced to 3} per cent., or a reduc-
tion to the amount of one-eighth was made on the capital itself. The
capital which the country had for the purpose was sixty-five mil-
lions, and there was surely no difference between making a reduc-
tion of the interest, or by taking a propertienal sum off the cairns].
The only question for the consideration of the House would
be which mode would be productive of the greatest benefit and ad-
vantage to the country ; but in his opinion the prosperity of the
country was not caused by the fa/union of the interest of the
national debt ; it was caused and produced by_ the reduction of the
rate of interest of money in the market. He had often, he ad-
mitted, heard there was no such thing as a money market, but this
lie denied; it was manifest to all persons who considered the state of
commerce that there was one. The sum devoted by the „narking
fund to the payment of the national debt was s,ooo,Peei, and how,
he would ask, could the alteration of interest on this sum affect
the country at large ? It was not the :Sinking Fund, it was the
increasing wealth and the accumulated capital of the country, which
were the near /I of reducing the interest of money. It was an otter
impossibility that the Sinking Fund should have those corsequeoces
ascribed to it. The ninount of the interest of the redeemed annui-
ties was but leilettutfl.; and what effect, he would ask, could this
trifling sum produce, when twenty-seven millions were brought into
the market? The effect thus produced could be little or nothing,
and there could be ro pessible inducement to continue the operstioa
of the Sinking Fund t but he had no noubt this sum would be pm-
ductiee of the best and nos: beneficial commitment, if the eve
millions were put into the pockets of the people, and if they were
rendered serviceable to their industry, and to the improvements
which they would be disposed to make; and this accumulation
of capital would tend to the reduction of the interest of money, and
would thus give Ministers an importunity of continuing char or.'
tem ; it would give an opportunity of reducing tartest sad it
1 shuuld be admitted by all, that, after therm selected by the Right
Ilotioetraine Getutlenues, the tax on windows should be one of the
first reduce'. Ile would therefore vote fur the propewition of his
' llououral.le Friend.
Mr. BARING said the fate of the cunt inn before the Hourethat
tohresourriiilitTrheevelenlubey:thaendHaeret
the subject, be did not think
budget ; but as the question
to the House and the Country, he could not refrain from saying
oie T'ctifil fair
rednt3thei na
li''si theths ejbggb .72fIt'u°•.tnnwrod:fahlileesgthi one'sinkingeapteil
orai gefnihyg grate fundofaoneane and serious importance, birth
a few words upon the subject. The argument used by the Neble
Lord who had just sat down, and which caused at least some sensa-
tion at his stale of the House, seemed to hint peculiarly strings
and unfounded. especially Viten he considered the good sense and
talent display rep by bis Noble Friend on other occasions. Ho bad
stated, and truly, that the national debt was fairly and essentially
an annuity, at•n the capital was limited to the amount raid oft ;
but he utterly forgot to make a difference as to the stock-bolder.
If the interest nes reduce', by an act iif force and violence on the
one side ; cr. if the Governmen: by Teeing the price oh' stock. were
enabled to pey off the debt, and thus it gave to the pu elk creditor
the benefit eat his full contract, it del :et hint all that .t pro.
mimed to do, and she, extensor gets his hundred pounds, which
he had a nght to ere eel, aid cr.:need him to go Witla it
where he pia:teed; but te seppose, when the legislature of the Mon.
try had resolveet to come,' the renustioe et the interest, that the
measure would be the same as it it were iiineted by general agree-
I mem, wart an ergurrent lie could not comprehend. 1 litne Lord
Abhor', denied he had teed cry such an:emcee I He (Mr. llarieg)
i was so much surprised by what lie smite set: to be the sentiment of
the Noble 11•011: that he could net give cretin to his ears ; be:: he
had ito climb: the Noble lord said that the prices of steels did not
j depend on the Sinning Fund. T'tie arise:lent he would deny, and
Ihr would positively Arm they did. Ile mei the rate of sten' r
would be hither it' the market was open to ail purchasers. Ti. •
lie would athint would be the ense as long as the credit 01 the
country was roe. but v•iien it came to be known that the Govern..
silent beerier( et nate hi a . ime of car and did not tane the in portunity
of paying of in tiaM of pence, ur.der these circunistanees the public
creditor would look to his eltence of ',murky. lie wnuld ret led his
mute if his security were rot to doubted, ill d if there were the Lem
question about it • tind wen, be enkod, judging by experience, and
looking to the narlous alternations of peace and war, to which this
as will as all other great rummies was liable. if such an event hap-
pened or were contemplated, no man w:lo was not a fuse or an idiot
would lend his nioney. If he aril not rely on the efficiency of the
'inkiest fund—if lie haul not confidence in the credit of the Govern-
11101t, it wads! :',..• a gross want of sense in the lender to teach the
stocks, even theitgh they enered a payment ef ten per cent. The
money lender and cepitanst always looked not alone to the money
of a country, but they also considered the credit of the Government.
This was the case nut te:ly here but in all the con-tries of Europe.
s a proof of this aniertion, he himself knew the five per cents. in
France to betas low as ee Cr Go, when the market rate of interest at
Paris was from et to 3 per cent. ; a private irentridual of good
credit might eenctire it eat that rate, and the Cularernment was
• erten compelled to pee• ft or 1(1 per retie The same thing may be
aimed of Ilonanei, the country which was reckoned to posseas the
mote sensible invite upon matters convected with finance. Morey
could be had in that comet,. for 3 per emit. by individuals, whiht
the Government wns eierimlled to pay 5. The unison of this was,
the expentlitare of Holland wes greater than its finances, and con-
sequently its credit was good the nothing. The people there bad
c:'u.! to perceive, that wie.o e Goren:Lent contracted eXperset

wore beyo thel
though theynd could
be v-uch obliged
• or vslue ii
n, and est
' peace Of
quences wt
been aboard. b
-y. (Hear. bee
tbz greatest
A, if it *ere
perfection of hu
compelled to go
an contemplated
Membercerminly I
111 ith nu t this i .

__ upon in
not the advocate of
tours
d to pa
Jetta of
the come
war. were

WIT,
country wanted
a Greater 'drama
-• it again by gra
made •pra
of Lord Si,

ofsCet, disc
no Urger a hope
assumed all the f
- to whom he a
' of taxati
c to raise
would not
He was not ii
W3i to acquit,
at the
. could
_
looked for the
ro who thought
poriie spot Rh
seem es AO el
of 4
than
of 6001. a yes
wee a bad no
icre would be
country had
Inance or any tithe
may better go to the a
OVlZlalled VIII 4.T a disc
then than her treasury it
the source and fa
'e the House,
luction of tax

louse for bringing for,

. truth be visa cot a
ahould be also inquired
With respect to the n
be the best to take of;
ha merit. II is was
time., and in all e tan
and in his interooune
tlitut complain of this
It pco.sed uport him. I
be used for agricultural
off salt was a in:stake,
d w ea ild be tam wi
tepeal42o.lo3l. w
Frecch ?ilk.; this re
would be the cause of i
peal the'e was low a au
was 910,001., und wou
was also them rt.,
ennuis( d at 210.01101. th

applied to ou:repeal
act it y to all class
_ would reline the
vexaticus of all. He
taken nff: Those %hi.
mantlitturcd a-ticles s
seutetie-s as those eclle
p.ratite when he was
Member for Abingdra,
ow
the reason or the it
p-oeisely as b fore, it
wild fur thirty or tl
in n money, it wouli
and if that was taken
as a kind of sinking
or t to discharge of the
or the plan. lle 'hoop
should be paid at the sr
plan which the Hight
from which he would ni
of the coon ry would is
dared, the three per cri
',curdy of .he public
they all had in view, tl
mately obtained.
Lord ALTHORP e

spokes last, that the 3
h•d glen into di
rate of Interest on the
rronevotarket, if we s
not help considering tl
tunate : that Governno
per tent., whilst a pri
bad acesunted for that
the expaiditure was gri
thereto e to be made u;
There was so .ax in the
shable anion taxes a,
duties on salt, he agra
this tax, without its al
co lx ors. If th a wet
• b t not oche wise.
duty thin to coat nue
cause it p events be a
of a grist bomber of
ieyors tad wsesaora.
the rep. al of the \Vint
Lord MILTON tai
of the tautly might r
Staking Fwd. Toe I
dye of a f a t peopk--4
(Lied Woo it as a Alt
lug Fund w nil not bi
his Hon. Friend (the
would not rather lend
iointry Ulf ch had to
with a Si rp:us ewer so
pan d rnt.thing unit+
for the putrcs • of int
was not b cause it ope
"proud tee &skiing
Just, that to create
t teced. Vert etas g
!h y oik of the Natiot
it ..as lio!y a prontis
w lye of reducing the
de'* itself; I
V tick the d bt praise
th ir the . ne is done or
di 'Man ry would be ii
It of tt e people. As
yr r, the staple hail a r
w. ul 1 not at preset
the Cl a icellor of the)
etpedi n to reduce ; I
hem • o much aide I
• be sue m,tted to
He 41:d not agree wilt t
of the unimportance c
existed, perhaps wish t
of which would give g
With respect to the t
up n.--that on onals,
tidiest of its being the
taxes were to be rem
most goorrally fit
pars of the century h
aitteration of the Hoe
that the reduction sh
beer.

Mr. HUME could
Member fur Taunton
almost every person in
vested entirely on the 1
not kept up. It spree
Era the national debt
witablishoter:. Tee I
to sixteen millions, lei
Orem Britain in the ye
!bat if the House
Josty's Ministers a.wtlt
'bent. He did think t
taken the argument.
of common integrity
refused to ray off th.pro
by such a proceetli: g
the community of whio
Alember tor Taunton'
lours I" but he (31r.
oe from what had
7elos.as far only es 17'
were borrowed, fur no
eltilds—a Sinking FM%
Prtiftedittg was the
was sure that the mini
When the 471 million'
was borrowed at 31.35.
ler.t it out, and ot.ly
his orl every NW.
resolved that the Sink
once to the state of the
awry to have a surplus
the Bank. Nothing as
Al ember for Taunton
domino' to persuade 't
that the public credit

:,
wore beyond the:
though they mule
be much obliged
fitgel:y or value is
on, and rat
a of peace ow
the coosequences an
had been abused, b
(Hear, at
country. h
jest of the greatest
abused, if it were
the perfection of hu
were COlTlpelleal to gn
often contemplated
n. 111 ember certainly I
done without this f .
be reflected upon in t
tiot the advocate of i
i would of course
attached to pa
ilk des better of 1
wank the come
•
4 t dantwastrations wt
6 end in war, but
ythe cod war,
urntryswaernteele I
a greater advents
pay it again by gni
. , an was made :Ira
inistration of Lo Si
, is holding office, disc
as no urger a hope
• • 'ad assumed all the f
'Moister to whom he a
ldiopipostibleroposal °tto. tat
-aim'
diots, they would not
ce. He was not i
it was to acquit
lairoing against the
new these taxes could
as to the Constitution
mainly looked for the
• * Dlernbas who thought
im the rearm spot wh
Loge 1111110 OS il Oa
vats gentleman of i
and make them
limits of 5001. a yea
S log Fund was a bad net
V Idicule. There would be
and if this country had
with France or any she
may better go to the a
organised army sr achy(
i • they than her treasury it
was the source and fa
tion before the House,
foe the reduction of tax
!,• House for bringing for
• g in truth be was rot a
` should be also inquired
With respect to the re
be the best to take of ;
its merit. II is was
time., and in all e un
and in his intercourse
them complain of this
It phased upoc him. I
be used for agricultural
of salt was a mistake,
d t, oo ild be ulten wi
iepeal 420.403/. wtte le
Fretich tilts; this re
would be the cause of i
peal these was lost a su
was 900,100 ~ Lad wou
t. was also the in (WV VI. I
' . estimate dat 20,0091. On
~. be applied to therepeal
.7 tit octet yto ell chums i
. • and would relieve the
vexanc.us of all. He i
..' • taken off: Those sb
mantlecturtd axicles •
Annette-8 as those eche
p.• ranee when he was i
Member for Abingdon,
' am the reason or tl.e a
1141
't p -costly as b fore, it
sold fur thirty or tl
• in n money, it wool
* - and if that was taken
as a kind of sinking
• or t it discharge of the
of the pinn. lie 'hoop
' should be paid at the sr
plan which the Hight I
from which he would n:
• of the coon ry would b
dated, the three per co
security of .he public c
they all had in view, tl
mately obtained.
Lord ALTHORP e
Mr. It'. SIII 11'11 ag
'Pam kit, that the l
SW had Olen into di
rate of interest on the
troney-iyarket, if we v
not help considering *I
furtive : that Goveronn
per cent., whilst a m
bad ace.unted for that
the expenditure was gri
thereto e to be made ui
There was no .ax in th•
tillable circum tenets a
duties on salt, he ages
this tax, without its ai
co lx ors. If th a wet
Us.bt not oche wise.
duty thin to coat nue 1
cause it p events he a
of a great number of i
veyors and mansion.
the rem al cet• the Wait
Lord MILTON rei
f. of the e °only might e
Sinking Fut d. Tie I
• tive of a f te • people—i
fiord Milton as a MI
WIC Fund w ml t not b
f his Hon. Friend (the
' would rot rather lend
co awry which bad no
iwith a scrp!us ever so
red sem thing unit
Woe the puTcs • of int
Was not b cause it opt
!firmed tle Bilking
Pm, that to create
taxed. Ttere sas a I
th y ode of the Satin
it aas sin pay a promis
w iya of reducing the
IS lumina' deht itself ; i
w rich the d bt prae,c
tit w the' be is done Ur
dt 'Cain re would be i
et of tl e people. As
I r.
tr the *simple had a r
1/4. Hr m all not at preset
the Cl a icellor of the I
egoedi n to reduce ; I
barn • o much mut so I
which he sue m•ited to
He d:d not agree wilt i
of the unimportance c
existed, perhaps with t
• of which would give go
With respect to the 1
upm—that on wale, b
fished of its being the
times were to be rem

beyond their flnences to bear, dabs moat inevitably
they could not tell or specify the precise time. He
,ch obliged to those Hon. Members who affect not to
ty or testae in the sinking fund, to carry their minds a
-n, and explain to him (if they could) in any of these
-- or war which all had read of in hietory,
would be, if this fund did not exiet. The sys.
..oueed, but even thus it had been the salvation of
(Hese, hear.) He was willing to admit it was the
the greatest abuses. (Hear.) If this system had nut
it' it were wielded with modevation, it would bare
,of human wisdom. He would ask, if the roan-
eed to go to war,—and this was aa-evaet which must
ttemplated by the Member for Westmineter,—the
certainly had no objection to war (hear), what would •
it this I .td ? The question of war was most fairly
upon in the Home : they were not Quakers. lie
Ivornte of war, but the invasion of any of our great
lof course force the country into that state. He was j
bed to peace, but if the feelings which had last year
better of the prudence of the country, had prevailed,
'he consequence ? If this country, without the actual
were placed tinder the necessity of making poll-
, with either France .or Ramie, which may
eat would paw away like a cloud ; and
wanted ten or fifteen millions, would it not
advantage to the country to Moow the sum,
by gradual instalments ? Theipeat abuse of the
le apparent to the country in the time of the ad.
lewd Sielmouth. This minister, during the time of
e, discovered or thought he discovered that there
hope that the war was to be temporary, that it
the features of permanency. At this time the
he alluded, tame down to the House with a !
taxation, and raised his loans, which it ought to
a raise, and which, unless they were fools and
std not expect to have paid as the return of
are not insenelble to popularity. He knew how
to acquire a kind of market town popularity, by,
against the excess of taxation. (Hear, bear). But he
e could not be paid at the close of the war; and it
turners of that House and of the country, that he
for the reduction of taxation. lie would ask the
thought the country should go on, to poke out to
• spot there they were to stop in the expenditure of
it inihioets? it mien be doge in the case of a
ternise of 50001. a yaw% who could nahlulai• his es-
..,iad make them agree with his expendiwee, at idle withri
the limits of 5101 a year. Ile was ready to admit that the Sink-
ing Fund was a but name—that it had latterly been a mom of. ri•
diode. There would be no public creditor if there was not security;
end if this country had to make soy political demonstration either
with France or any other country, they would laugh at her. England
may better go to the consideration of political Matters with a dis-
organised army er adieorganised navy, with any thing in die order ra-
ther than her treasury in the present state of the world. The treasury
was the source and foundation our strength. As to the -
tion before the House, he thought an arrangement might be made
foe the reduction of taxes. lie ought to make an apology to the
House foe bringing forward his budget after that of Ministers, but
is truth be was tot satisfied with the mere repeal of a tax ; it
should be also inquired into if it wettable best tax to be repealed.
With respect to the repeal of the salt tax, he did rot think it to
be the best to take off; and if antiquity in la eation were a proof of •
its merit, el I. was a good tax, fi r in the most re:note
time., and in all c untries, a tax had been laid on this article,
and in his intercourse with the ramie he had never heard one of
ttom complain of this tax ; he had never heard one of them say
ft mewed upo I him. He was ready to admit that salt might now
be used for agritultural purposes. He thought the taking the duty
off salt was a mistake, and there were other articles off which the
a t' Mild be tek rye with more satisfaction to the people; by this
tepeal 410.0031. wee lost. There was also a repeal of the ditties on
Finch tilts; this repeal, though attended with future benelit,
would be the cause of immediate distress and suffering; by this re-
peal thee was loot • sum of 500.11001. This added to the salt duty,
war 500,000., enl would give relief from the Window Tax. There
was also the m nor tea ed last year for the Churches, which might he
wheat, d at 20,0001. the year ; and these sums added together should
he applied to therepeal of the Window Tax ; this would be most sa-
to-sae y to all Hawes; it would be conducive to health and comfort,
and would reline she public from that tax, which was the most
vexa•ieus of alt. He always preferred that direct time should be
take, MT. Those ehich were blended and mixed up with the
nonefittured alleles sold in the shops, were not felt with so much
aeuteneis as those collected by the person who always made hie ap-
pearance when he was not wanted. With respect to the plan of the
Member for Abingdea, for the reduction of the lard tax, he did not
see the reason or ti.e motive for it ; for the country would stand
peekely as b fore. in regard to the debt. It' the tax was
weld fur thirty or thirty-five yeas' purchase, rind converted
inn money, it would then be realised as leenk stock was;
and if that was taken by Ministers to the market, and applied
ne a kind of sinking fund to the payment of Exchequer bills,
or t to discharge of the millions due to to Hank. .he would approve
or the plan. Ile thought the bargain made by Government at par
should be paid at the sane rate ; and by pursuing the same steady
plan which the Right Hon. Gentleman laid down for himself, and
Loin which he would not allow himself to be 'riven. the prover- ity
of the coon ry would be increased, the rare of interest would he re-
duced, the three per cents. would be brought down to -2 and 21. the
security of ,he public ereditor would be maintained, and the object •
they all had in view, the diminution of taxation, would be ulti-
mately obtained.
Lord AI:THOR P explained.
Mr. W. SMITH *greed with the honourable Member who bad
spoken last, that the sinking fund was considered me a nick-name,
wed hod Mien into disrepute. Ile agreed with him also that the'
rate of interest on the aim of five millions would not affect the
troney-rnarket, if we wanted to borrow in time of war. He could
no! htlp considering the argument drawn from Holland as untie-
tUllate thist•Otrernment, in that country. was obliged to pay five
per cent., whilst a private in could have it at three. Ile
bad accaunted for that by saying the finance system was bad, and
the expenditure was greater than the income. This deficiency was
thereto.e to be made up by drawing on its hinds, or by annual leans.
There was no •ax in the whole country which unitei so many de.
shahle dream tancet as the Window Tax. With respect to the
duties on salt, he agreed that there was no use in getting rid of
this tax, without its apparatus--the officers of the Excise and the
co lee ors. If th a were abolished, he would wish the repeal of the
x. b t not othe wise. It would be better to increase the house
duty then to coot nue the window tax, which is so detrimental be.
e.use it p events he entrance of light and air. This would get rid
of a gnat number of a very disagreeable part of society—the sur.
veyoxs sod anteaters. For these reasons he would give his tote for
the reptile the Window Tax.
Lord MILTON said, it was a question whether the public credit
of thetotmery might not rest on starve better foundation than the
Sinking Furd. Tie !loon was, in sonic degree, the representa-
tive of a fit people—of a nation which owns no master ; and he
rd Mato it as a ;Wernher of that House, thought that the Sink-
Mg Fund w add not be to the credit of that nation. 'He would ask
his Hon. Friend (the (:ha:iodise of the Exchequer) whether he
owlet rot rather lend his mom:: to this country, or to any free
tuentry ahrli had no surplus money, than to the (lrand Seignior,
watt a surpais ever so great. Ile ( Lord Milton) thought there ap-
peared sem ithieg unjust in calling upon all classes of the country
for the pairs •of increasing the value of the public stock. It
weenie b cause it operand to raise the value of money that he
!wooed t arc firking Feted, but because he thought it un.
yen, that to create this the whole community should be
t -xed. There sae a grett error into which persons ran in the view
to y ode of the National Debt. It was not actually a debt at all t
it .as ait ply a promise to pay certain annuities. There were two
w tys of reducing the National Debt: one was by reducing the
▪ qr,na, debt itself; another was by increasing the capital of
W rich the d bt peewee . and it amounts to the same thing, wht.
di 7 the • ne is done or the other. It was certain that the pmterty of
*ire:ten ry would be increased by kat leg five millioes in the pock-
et of tl e people. As long as a Sinking Fund exists in this coun-
te e the eeopie had a right toeel] on the Howie to reduce taxation.
He seal l not at present enter inn p mlars with his lion. Friend, .
the Cl a Icellor of the Exchequer, as to the tax it would be most ;
exaedi a to reduce ; bi t he hoped the Hon. Gentleman. who had
beet •o much aid so deserveny applauded for the financial plan
weich he sat meted to the House, would reduce the duty on salt.
He did not agree wish the Member for Taunton, who bad spoken
of the unimportance of this point ; and he believed that no tax
existed, perhaps with the exception of that on malt, the reduction
of which would give greater comfort and satisfaction to the peeple. •
With respect to the tax which had been more particularly dwelt
upon—that en coals, he would conies' that he was not himself sa-
tisfied of Its being the oae most necessary to be ...educed. When
teem were to be remitted, those should be the first which are
oust generally felt ; but this was only felt partially. Other
parts of the country had as strong a Haim as London ott the cnn.
seleration of the fine. Gent. He (Lord Milton) would prefer
that the reduct:on should take place on the duties on malt and
beer.

surplus do this ! Ile (311 r. Home) admitted that his Majesty'!
Ministers had done good; but the !house was not therefore to allot
them to do evil, nor to follow theni blindfold in the extraordinary
plan they now proposed. His Majesty's Ministers would affirm
that two and one make four; they had affirmed that sixteen is equal
to twenty. Ile (Mr. flume) would ask, is the country in a thittl4.•
tion to require no relief? or are there no classes of the community
who want assistance? The country is burthened with • taxation
of millions, and with a great military establishment. Now the
orerplus of tire millions he would put to relieve taxation, to every
shilling of that amount. Ile was convinced the house would act
fairly., honourably, and fur the interests of the people, and give
relict to the country.

lr. SYKES would not detain the House long at so late an boor
of the night. lie never had any reliance on a sinking fund from
the time when it wan first established. trtcause he had never been
able to conceive of what utility it could be. But he would vote on
other grounds against the proposition of his Hon. Zriend (Mr.
Ho! Louse).
Mr. 11011EIOCSE said, that the Chancellor of the Exchequer
had not got rid of one question which had been put to him—whetner
the tairation of titly.stx millions should continue for four years
longer 7 Whatever might be the o)inion in the House, he (Mr.
H.) was sure that out ofit, would it, it be deemed most erroneous. It
had been allowed by every :Umber in the House, and even by his
Majesty's Ministers, that it would be better to remit the windoit
tax than any other. lii alluding to the expressions used by an lion.
Member relative to the politeness which was displayed by tax.
gatherers, he (Mr. Hohhouse) knew that their conduct was too often
very different; that they not unfrequent/y took the beds from under
the persons of those who were in debt for the tax so grievously coin.
plained of.
Strangers were ordered to withdraw, and the House divided ;
when there appeared—

For the ;notion . 88 I Against it - . 133
Majority against the motion - 67
The other Orders of the Day were then disposed of, and the
HOUSe adjourned at Tw Lir E O'CLOCK.

NOTICES OF MOTIONS THIS DAY.
I. 31r. flee.-gee Lamb—Dill for allowing Persons prosecuted for
Felony to defend by Counsel.
2. Mr. Cameos—Copy of 3letuorial concerning the absence of the
A trorney.Orneral from the Isle of Maim j also, Copy of Patent
or his appoint:nevi.
ORDERS OF TILE DAY.
Marina Mutiny Bill—Cnnyultree.
Clergy Resides:cc (Ireland) Bill—Second Readiof.
Ways and Illeana__commiuce.

P.IRLIAMENTARY PAPER.

HOPS.

An Account of the Quantity of Hope exported from Great Britain
to Ireland, from 4th January 11::3 to Atli January Int ; also,
an Account of flops exported to Foreign Countries; also, an
Account of llops imported evrirg the same p. rind.

. Cwts. qrs. lbs.
Ireland . . . 10,966 0 7
Other parts : Cwts. qrs. lbs.
Russia - . 123 3 6
Sweden - - I,IWWI 1 13
Norway - - . WI 0 21
Illeninark - - - 6:11 2 24
Prussia - - 3,53 0 19

Germany . - - 1,1;19 3 0
France . - 5 3 10
Madeira . - - 0 1 U
Isles of Gummy, Jersey, and Mann Alit 0 13
Fast Indies and China - . 43 1 11
New Holland - - 125 2 11
Cape of Good Hope . 79 3 24
British North American Colonies 1 3 0
British West Indies - 20 1 3
Foreign Colonies on the Continent
of America - - 12 1 0
-- 5,389 1 15

Total

- II; ,335 1 V

PRICES 01 FOltEltIN
Austrian Scrip. 111 4 f 121 pr
Ditto 11W Ac.. 114 44 p.
Ditto paid in full 9111
Chaim Bonds, •
Ditto for Acct. OS
Colombian Bonds,
Do. tOr Account. fitt 71
Danish Bonds. 1494
Ditto Marks Banco.
Mex. Scrip, 94 4 II B pr.
Ho. for Ac. l 9i 11; or.
Neapolitan Bonds, Iltl
Ditto for Account 87. 84
Portuguese Bonds 91
Ditto Scrip. 14 4 A pm.
Prussian Bonds, 99 SI 84
Ditto for Account
Ditto Bonds (11122) 984 7
Russian lids. 9134 44 44 ex. die.

STOIKS V EST ERDA V.
Russian far Acct. 944
Russian !ascription
Exchange per IMMO
MU) Metallic Stack
Mnah* Cans. 914
Ditto for Accoont 241 1
Ditto 170 & 235 Bds. 26. 5j 61
1)itto113 Bonds 26 1
Do. rper Ct.. (1813) 18! 9 6f 2
Ditto for Acct. 191
Anglo Alex. Mines 7 pr.
United Ditto
Fr. Return, 102 f. 101 f.
Do. Scrip, 132 I 4 1 pm.
Ditto for the Acct. 134 144 pm.
lb. Ex. 25f. 50c.
Greek Scrip. 3,;11 1
Peruvian Scrip

COURSE OF EXCH.,
Amsterdam C. F. 12 2
Ditto, at sight - 11 19
Rotterdam 12 3
Antwerp . . 12 4

I Isauburgh 37 3
Altona - • 37 6
►aria, 3 days' sight 25 tkt
Ditto - 23 Mt
llourileaux . 2.) 00
Berlin - 7 10
Frankfort-on-the-Main 1.")5i
Petersburgh 9

Vienna
Trieste
Madrid
Cadiz

Bilbao
Barcelona
Seville
Gibraltar -

10
le 10
ssA

MAILS.

Anatvt: 9-1 French. D:eLll;inbon, 1 Gonenbangth and
1 llambnrgh.

ASII WE DE NiDAY.-110lidlly at all the Publk Offices dila day.

NEW THEATRE ROYAL, DRURY-LANE.
Tamorrow ).:vening. Till 3larrh 1. will he performed
THE; 11fItRY WIVES OF WINDSOR.

Fenton, :Mr. Brehm : Sir John Falstaff; Mr. I sus ton; Mrs. Ford,
bliss Stephens; Mrs. Page, Madame ‘'rattle.
To conclude with the Romance of
IAWOISKA.
On Friday there will be no Performance.

THEATRE ROYAL, COVENT-GARDE Y.
To-morrow Evening, THURSDAY, March 4, will be performed
NATIVE LAND.

Ptincipal Characters by iira;;Alit;;l;.h:,--ir. Farm, Cooper, and
Fawcett ; 31i*ca Paton, Lore, and M. Tree.
After which,
THE FOREST OF BODY.

On Friday a Grand PerformanceoiAticient and .Modern Music,
undo the direction trf liochia.

Mr. HUME could not allow the observations of the Honourable
Member for Tawiton to pass without notice. Ile differed from
alnum everyper-on in the House in the opinion that this quesdon
resial entireiy on the principle. whether the sinking fund be or be
not kept up. It appeared to him that there were two ways to re.
duce the tuitional deht—by reducing either the revenue or military
estaldislinietn. Toe /aver, it was dear, would amount this year
to six eta millions, which was the *hide amount of the revenue of
Dieu Dritain in tie year 1793. He (31r. Hume) pledged himself
mat if the House i,,:rs-vered in a resolute line of conduct his Ma-
:Nty's 31inistivi a.mdd immediately educe the rodivary establish-
froa. lle did think that the lion. Member for TauntOn had min. Sir Thomas Maitland's virtues, for the first time, arc
talcn the argument. He asked tha House if' theme werc any man
of common integrity who hail contracted debts Miring a war and rising all to view since his death, and becoming the theme
rthi.cil to ray off th,lie dens in a time of peace ? But such a man, of most disinterested panegyric at Corfu. ills friends can-
-13. sach a proceed:: g t»ight uin himself, and considerably injure
community of which he in a member. The Right Honourable not say that the good he did
?lunher for Taunton says, " Do lint go forward for one hundred " Is interred with his bones."
)cars ;" but he (Mr. flume) was inclined to argue what nay " The world," the lonian Senate exclaims, with oriental
I'r tom iat hail beer, and go would Intel: about thirty
r';:rgias far only Its 1796. Then r 0 less than 479 millions of money amplification, in its proclamation from Corfu of the 2.stri
borrowed, for no other purpose than to sena that favoured
,January—" the world is deprived of that beneficent per-
tinting Fund. The Har.ottrablc (Lindeman' says such a
Pr ashler ass the saving of the country, but lie : 3lr. Hume) " sonage, and the public grief, which has already antici-
tr.., sure that the country incurred by it an expense of 200 millions. it pates! the melancholy notification, displayed the emotions
When the 470 millions were borrowed, what was done with it ? It
vas borrowed at M. 34. per cent.. Foul the cotniviiasioners afterwards " of gratitude and affection in a spontaneous tribute to
Ice.: it Slit, and or ly got 41. 17s. per cert., making a loss of " its lamented benefactor." Then follows the decree of
or eiery MI. It seemed that his Majesty's Ministers were
tesolvA that the Sinking Find should he millions, without refer- mourning and sorrow, one article of which declares " that
once to the state of the country or to any thing else. It is necca- all public business shall be suspended for three days in
in have surplus, they say. and so borrow live millions from
utak. Nothing asionished'him more than that the Honourable " the offices of the Government, the Courts of Justhtr, and
:11,ndier for Taunton. who knew .% merican simplicity, should en- " before the Magistrates." This is a new ntot'e of chew.
esrour to litmus& the House that we have the fire millions. yid
OW the public credit would be kcpt en by it—to make a notnirai lug public respnt to the dead, by disturbinz tl!'• pursuits

Zzitt 4ritiOtt VriSO.

The BRITISH Pa EVI commenced publishing yesterday ettoadtag
at a quarter past rig ti cluck.

LONDON. WEDNESDAY, 11Anot 3, 1824.

and avocations of the living—low:Ail% iu the style of the
ancients, who immolated the trembling slaves on the bodiei
of their deceased masters, and eatended the tyranny of the
departed even beyond the grave. Another article of this
unique decree orders a general mourning throughout the
Islands for a month ; and a closing one, that the
funeral ekequies of the High Commission*. should be cele-
"natal foi three successive days in the churches of the'
Islands. This is all " a mockery of woe,' mere theatric
grief, that has no place within the heart. Sir Thomas
blaitland's Government was notoriously most unpopular
through the lonian Isles, and detsated by the Greek in-
[habitants. Far from mourning for hie death, on the first
accounts having reached Corfu and the otber islands that
lie wax nO mofe, the priests and people *waged to the
churches to offer thanks t. Heaven fur the happy deli-
verance. The Greek Tragedy. in the present instance, has ;
been acted too far ; the whole plot, and its authors, arc. at
once apparent ; and, lugubrious as it was intended to be,
lit brings no tears nor sorrow in its train. Sir Frederick
Adam, the present Commissioner, has formed a Greek l
connexion, and will probably pursue a different policy:
it is necessary; we were losing our character fast in the
east of Europe, while Retail' Was speculating with an am-
bitious eye on all our errors and misgovernment. The
!policy of this insatiate Power never slumbers ; and Sir ,1
Thomas Maitland did nothing to Conciliate attachment to
this country in that interred • quarter of Europe.
The Chancellor's resi tion nostasid to be determined
upon, and the arrangement at length finally made in the
Cabinet for his relinquishing the power he has so long
held, and the emoluments of office so dolor!, prised. With
many a sigh, and many a deep remit, ate venerable
• " ancient" has announced, it is under. to his coed-.
dential friends and colleagues, bkiff • eo give up the
1, seals et the close Or

farewel) to all his greatness." PISWRII when poiter and
influence are no more around the greatiegal dignitary, his
faults may be forgotten, and his merits slowly actnow4
letlgt•tl— _ .

Bich were be/
c. though triTdy could
add be much obliged
sot utility or vtla: ii
rrnatio
farther on, and eci
ttts of peace or
hat the consequences wt
had been abused, b
it be country. (Hear, bee
). shier: of the greateat
cea abused, it it were
been the perfection of hu
ry were campellail to gu
be often contemplated
lion. Membercerrainly I
be done without this •
t 3 be reflect_ upon in I
was not the advorate of
interests would a COWIN
sinestely attached to pet
almost got the better oil
what would be the come
necessity of war, were
teal demonstrations wi
not end in war, but
if the country wanted
be a tcremer 'desalt
and pay it again by get
-Fenn was made awa
ministration Of laird SI
Ins holding office. disc
was no lorger a hope
had assumed all the t
minister to whom he a
boll proposal of mean
be importiblc to raise
idiots, they would not
peace. lie wan not I
Maly it was to acquit
declaiming against the
knew these Imo' could
was to the COM.' it Utioll
mainly looked for the
))embers who thought
him the recite spot ea
wi large same at fa an
private gentleman of
peaces, and make then