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

Majority *paint the second readier ... bl

WAYS AND MEANS.—THE BUDGET.
On our readmission to the gallery, we found the
CHANCELLOR of the EXCHEQUER moving the
Order of the Ds), fur the House going into a Cons.
tuittre of %Vey. and Means.
Mr. Hume rose to complain of the delay in
laying the financial accounts of the last year be.
fuse the House ; they had only been printed and
put into the hands of Members that morning. He
also complained that papers connected with the
financial statements for the ensuitig)e4r, instead of
having been generally circulated among the Mem-
bers, had only been privately distributed among the
friends of the Right lion. Gentleman opposite, and
he was sure that anie.a the Right Finn. Gentle-
man meant to take the House by surprise, or to
prevent the detection of any mistatement, he could
see no other purpose winch such u mode of dis-
tributing papers could answer.
The CHANCE:LLCM of the EXCHEQUER disclaimed
any such intentiou ; and added some observations,
which we could not collect.
The Order of the Dity having been read, the
Home then resolved itself into a Committee, and
The CHANCELLOR of the EXCHEQUER rose to
lay before the House a statement of the Ways and
Means by which he proposed to defray the es-
!reuses of the current year. lie would, in the first
place, read over to the House a short statement of
the Supply for the years ending fifth Jusioary, 182 U
and 1821, and then he would point oast the Ways
and Means. The amount of the Supply voted for
the expenses of the army fur 1810 was 9,443,243/.
and for the present year, 1821, 8,750,000/. beluga
reduction in that brauch of 693.243/. The vote
for the sissy fur 1820 was 6,586,695/. ; fur 1821,
6,176,700/. being• diminution of 409,995/. TheOrd-
nattier in 1820 amounted to 1,199,650/. and in the pre.
sent year to 1.19.5,100Lbeiug4.5501.1e5s than the last.
The charge for miscellaneous services for 1820, was
2,444.100/., and for 1821, 1,900,0001, being iris
than the former year by the suet of 544,1001. The
amount of interest on outstanding Exchequer bills
to he provided for to 1820 was 1,000,000/. end for
the present year the sane auto would be required.

The mooted of the Sinking Fund on those bills 111
the former year was 410,000/.6 while io the current
year it was only 290,0001., tieing a difference of
120,0001. ; so th it if the atnothit or the expenditure
for the correct year went to the full extent of the
estimates which had beets proposed, there would
nevertheless be found a reduction in the public ex-
penditure of the country of 1,771,8881. He would
now proceed to state the Wititsand illeans by which
he proposed to meet the'Supply. In the first
place, the House waa4ilrearly aware that the
charge for the amount of the annual tales
was 1,000,000/. more in the present year
than in the last ; being 3,000,0001. for 1820, and
4,000,000/. tor 1821 ; but in the next article of
Excise duties, in tea, &c. he proposed for the pre-
seta year a credit of only 1,500,0001. instead of
2.500,0001. granted in the former year ; and there-
fore the amount under those two heads collectively
would be still 5,500,000/. The produce of the
lottery in the last year was stated at 240,000/. but
in the preseut year lie proposed to raise by that
method only 200.0001. The proceeds of the sales
of old stores, of course, would not be found so pro-
ductive is in former yeasts. but he conceived he was
still entitled to a credit of 163,4001. under that head.
Of the pecuniary indemnity payable by the French
Govertnneot, in consequence of the Treaty entered
into on the occupation of France by the allied
ariniee, after deducting the donatiou to the armies
engaged in the glorious work of the deliverance of
Europe from the thraldom of the usuriiiitg Govern-
ment of that country, and also the amount of the
claims of British subjects who had suffered by spo-
liation in consequence of the acts of that Govern-
mew, there would remain applicable to the ser-
vices of the present year about 500,0001. and per-
haps on the final winding up of the account some
small belence to be hereafter disposed of. The re-
payment of money advanced by Exchequer bills for
carrying on public works, as a means of furnishing
einpluyineut to the labouring poor under the Act of
1819, in the last year amounted to 198,0001., and lie
calculated upon receiving 111 the current year front
the same source 125,000/. It consequence of the
advances under that Act several important public
works had been carried oil to completion, which
must !vise languished, and the merits of employ-
meta had been supplied fur many thousands of ant-
herr., who must have suffered the utmost distrets
without that provision. On this head, therefor.
the House had reason to congratulate itself, that
without entailing any additional burden, without
any additional charge to the country, it had so
largely contributed to the completion of many
most ioeful public works. The Ways and Meat,s
of the last year yielded a surplus upplicable to the
services of the present, amouuting to 81,630/. The
total amount of the estimated produce of the seve-
ral heads of income which he had cow euutnerated
was 6,570,0301. In addition to those he proposed to
borrow from the Sinking Food to the amount of
13,000,000/. viz. 12,51.'0.0001. from that of Great
Britain, and 500,000/. from that of Irelaild ; and
thereto would be added the sum of 500,000/.
Irish currency, to be advanced by the Beak of Ire-
land, on the increase of its capital, being in British
currency 461.5391. The total of the Ways and
Means, therefore, fur the current year, brill the
suns lie hail before stated, of 6,570,030/. and
13,461,539/. from the Sinking Fund Loan and the
Bank of Ireland, would amount to 20,031,5691.
leaving an excess of about 13,000/. over the services
of the year; the amount of .upply voted bring
18,021,800/: interest on Exchequer Bills and
Sinking Fund on the same. 1490,0001.; and
Unfunded Debt to be reduced 706,4001.: total
20,018,2001. IVith respect to the services of the
year, he had already stated how very large a reduc-
tion had been made during the last year, au although
he was not prepared to hold up any. distinct expec-
tation of any particular reduction during the ensu-
ing years yet as it was already well known that
his Majesty's Government was most anxious to
ell'ect every practioable reduction, and devoted the
utmost utteution to that end, he did hope that
something could be effected. The Right Ho-
siouruble Gentleman then proceeded to make
saute observations respecting the payment of the
peusioliers of Greenwich flotpital, and the funds
of the Hospital, but iu so low a tune that we
could collect but a few words of what lie said.
We understood the purport to be. that the
out-pensioners had hitherto been plod out .of
certain funds which had nceuninloted dosing the
war, Imam.; chiefly from prize-mousy belonging to
the Hospital, but that those foods had, since Alm
peace, proved inadequate to the demand upon
them ; that there was, however, capital in the Innate
of the Directors of the Ilospital, accumulating front
the produce of lands and other property belutiging
to it, which was folly sufficient to meet the de-
mand for out.peusiours, and also Inr all the charges
of the Hospital for five or six years to come, but
that some doubt had wised afether those fuvnts
could be applied to any other service than that ata
which they were originally bestowed, namely,
euatuteinince of the estahlislimeut in tin. hospital ;
until that could be settled, the out-pen.iouria must
become an immediate charge to the public. These
was another circumstance to which he could al-
Jude in a inure general manner, and that was the
claim of the East India Company upon Govern-
ment. The Company had applied fur the settle-
meta of that claim, ii•id there was no intitspointion
on the part of the Goverument to conic to a brie
adjustment of it. A strict investigation would,
however, be required, and he was spot prepared
to say at what time, or under what circistn-
stances, if ever. it might be just or necessary
to apply to Parliament on the subject. 11 it
should be found necessary in the course of the pre-
sent Season) to apply to Parliament on account of
either of Onset service,, he certainly should not le-
quire the authority of the House to any further •
grant of Ways ands Nleatia.—[A Member inquired
toe amount of the ast India Contpant 'a claims :]
—the uuminal amount of their ditties was
2,000,000/., but there were confiscting cbuiva On

*- c
I lir
.7 41111340 L
l

F
k

~:
i

both sides. which would very considerably re-
duce tint sum, and he could only say that Go-
vernment desired nothing but u fair investigation.
He Lad shewo that the supply of the present year.
inviotling 800,000/. fe• Irish Treasury bills. and
20,4001. fur public word 'aided to 20,0184001.

'ks,amout
_—...-seire=mian -if Me:Ways
t0,05t,560. With respect to the mode in which
the Sinking rend Loan operated upon. the pot-.
&Wier •Made by the tornmissioners, It would lit
artisfaakory 'to pinions concerned m the. funds to
bistro. •that by the present arrangement, although
19,000,000/. were ,taken to the •enurse of twat,
from July, 1840, to Jolly, 1821, yet'
19,400;000/. were taken from January, 1890, la
Ink so that the sum taken from the Biotite(
Farid•to tbecourse of the lest year amounted in fact
to a greeter sum then it would do in the present
mem. There was an important point of view in whisk li
.sobject bad beer§ considered by the Finance
dt.'.osamittees. Those Committeer besides unravel.
...Aug the public-eccoants, drewap an aecouut of the
-.*payments in cash from the Exchequer. in•the course
,tsif .mach year, exhibiting the amount placed to the
~rednetioti of the debt,. end *hewing. from a com-
>Reiser) or moot), and expenditure, thetentoont of
debt, •eint how touch of it had sheen aside goodie
.each year. .1-u thrs.point of view he would proceed
to compote the income sod 'expenditure of the
• yebse 1890 and 1821. In 1840 the revenue actually
reetiod In the United Kingdom of Great Britain
',end Irellind amounted isa the whole to 54,640,688/.
With respect to the rictus! expenditure 'for that
year, the charge upon the Consolidated huts
ienoonied to 48.5947,167 f., for interest on the
Sinking Fund of the Unfunded Debt, 1,300.11591.,
molting in the whole • sum of 50,897,335/. for
.charees, exclusive of the supplies of the Setts.
—'faking the *hole amount of expenditure at
71,199,854/. and deducting from it the amount of
income, there appeared an excess of expenditure
over the revenue amounting to 16,559,1701.; but
the Sinking Food implied in the course of the year
• amounted to 17,509,773 L. so that, in point of fact,
there *du a *mein. of income over expenditure
sunosstiting to y. 30,891/. This was not, however;
- ;fair way of foaling the account of the services of
•tise veer, for it ,nut be observed that the interest of
- Ihe 'Sinking Fund of the Unfinideil Debt was
Lsoomool mot the @emu; amount 'of aye ,r's
interest of the Unfunded Debt did ant exceed

1,000,0004 There wss a large army fur the
irisarveat of asitstandirig Exchequer bats ortionot-
. kit to 900,0001. making a total aum applicable to
Ihe°liquidation tithe debt of 17,180.000/. It ap-
peared, therefore, that in the course ratite year 181;0,
ant siluatiors with regsril to the amount of our ear-
,cprohrurrePs war only improving try the rum of
-47,140,000/. lie would ittsume, that the net pro-
, uswe of revenue for the present year was the slime
. as. the year. Taking it. therefore, at
5442.7144 mini adding 9.00,0004 fur Lotteries,
itii,ooo/. 01,1 Stores, 500,0004 French !nib-minty
Aim!. 1113,010/. repayment of Exchequer the
whole wool(' amount to 3 .5 1 1,11 4L The charge upon
el* Cootolidutett Fairrl. Irking it at 100,0001. short
wf list year, would sinetint in round olttrobets to
43,500,000 i. 'rite intetert of the Sinking Fend
of the orrinrulerl debt was 1,700.000/. and the

Whale services of the year, without gifing through
the details, would inerrant to 58,211,000/. D.-
doctieg ain•sunt of teventie for the psymentr
alreisily 4...ita1.-rased, there would tie an espentli-
tn.'? Of 13.409.619/. beyond the income. With
• iiEtpvci, to the Sodom rand, the nominal amount
Ptharyear was 10,900,0064 sod the actual amount
'llPliise reduction of debt would be 3,590,0004
.•
• Adding a sum of 400,000/. for interest of Ex. he-
liner bills winch were over-dor, it appeared that
• the Mew. of income (Wel ettnenditure rot the prevent
'tr4sr•ashounted to about 4,nu0,000/. It would he
-recollected that a clear rurphie or 5:0o0,000/.
wet contemplated I •st tear ; end alibilogls th.t
point• was net likely to be retched, ',idea the re-
veller-increased very rorsidetabir. there war every
vesion in 11Uppesr th4t they should appiosich to it
tai the propos tina of fowl* tire. tie had a.aumed
shit she rett•ssurs of she preeent year worvid not fat
abort of that or lest year,' and he would sate the
grounds upon whirl, lie had torte that antoreption.
•l'he receipt, of the Exchegner. in the five mouths
bower's sit) fnuArt 1111 l I 14 Jour, 1921, amounted
se 15.556064 i.: but there tea. • sots Of 3124631.
!Aid Illeva a .tuck in ItAnd for the Halt Tax,
fliarged in the preceding yea., which formed
rrO part of the revering of that year. Deflect-
ing tliir rum, therefore, the amount of revenue
r.O lots the Eitel). quer for the firrt five
su li• in the year 1810. amounted to
v_l*,l,43,Aitli. The amount of payments for Ireland,
•up to the 20th May was 1,339.490/., so that tie
...veceipts of revenue in the Unind Kingdom for the
'brut montln amount to 16,582,30 t/. in the course

.f the present year the ate,u4l payment* for
Great Britain amounted to 15,338,333/., and for
'lreland to 1m5.e.12/.. making in the whole
16,823,634 f. It appeared, therefore, that in the five
months already clawed the revenue or the present
year exceeded that of the last by a aunt of Y40,000h
offer detincotog from the rtvenue of 1820 the
omouni of the 3,1411 Duties winch belonged to the

preceding year. But even wittrunt meting .that
deduction. there Was (Holy • difference or 70.0014.
• between the revenue in the enrre•l ding periods
ul tiiis end the list year, which we find the whole 'even
',tenths before us t•• make good. Unless tome un-
foreseen t•irctunstances soroaiil wise, there was every
retsnii therefore in conclude that the revenue would

conaiderahlr exceed that of the lint year. In the
year 16119 Parliament resolved upon making an ad-
• aht 1111 l of 4,000.000/. to the teary, for the purpusse
of priinuring a clear giur plum of 3'000,0001. over the
ranendsture. Stowe that ruse a ,wrongl of extreme
&Scotty had ititc.vened. A large 'opal anent had
been made to the Bank. amouuture If, 9.000,001)1.
want there Was Ow difference in repayments tousle
. to the. Bank from all other repaymeats, that
whatever was repaid to the ealsk was to much
taken out of the general circulation. tie doubt-
ed whether any country had ever undergobe

revere ttn fetterttost to ou pport its crrdie.--

The year MI6 and ir-rt of 1317 were remarkable
fur the complaints (ruin all parts of the country of
the distrewr ucc•►rioued hy-the **ovation of trade,
and the contraction of the circulation. IVe had
t►en to s►wderge that trial and th.t exertion wh►ch
• was .tiow complete. lii future little or no dueling.
• teen of oily consequence could be looked for, bat
such as roust always occur in a large trading pope.

from occasional misfortune ariA esattallv;
He took occasion to congratulate the [fosse on she
rapid rise in the funds in 1817 ; but for some days
past they had been considerably, above the rate of
that period. It was then accompanied by a cur-
prising revival of industry awd trade in almost every

ask 'to a proportionate extent to the present Mei
',twice. The Right Hon. Geed. then_proceeded_o/e.,
t stillest Upon-the beneflciel (Mein' 'already visibly-re-
telling to the indtterioss daises of the populatiOn.
*Om the return tO a circutetiOolo specie. He ob-
.-wired upou the accumulaticin.of capital among the.
lower orders, as proved by die accounts of the
'swing* banks, which he described es 'the Mattt
and most curions barometers of the state of the
circumstances of the lower ordeth Of the people.
By those returns which hail been made out it lap.
peered that, up to March and April last, in almost
all parts of the country the eccumelation of capi-
tal among them • had been progressive ; the amount
Of the sums deposited exceeding by 19 or 20,006/.
annually, the sums drawn out. This was the
only country in Europe less in debt than when'
the war closed. That war was, no doubt,
followed by great difficulties consequent upon the
exertions and sticrificgs made to bring it to a ter-
-1/11111111011 hotasurable.to- the arms end the indepen-
dence of the country. Those difficulties would,
however, be surmounted by the wisdom of the
Government nod the energies of the people, as we
had already surstausited others of a more appalling
nature. But, Us order to effect this-, it behoved
every man so exert himself its the utmost to rescue
his fortune, property, and fame, and act as became
a member of this great country. The Right Hon.
Gentleman concluded by Moving that * sum not
exceeding 13,000,0001. be raised upon Annuities
for the Supply of the year 1821 ; 12,500.0001. of
which to be on Great Britain, and 500,000/. on
Ireland, and sat down amid much cheering from
the Ministerial Benches.
Mr. Maseru:Jr. before he proceeded further,
wished to have an explanation relative to the
18,000/. by which the money advanced Itiat p.m!' on
account exceeded what ass estimated ; and lidded,
that in lunktsig over the other items of the Rt. Hon.
Gentleman'. .tatentent. lie observed the Miscella-
neour to ninount to 2,444,900/. eh htnigli the Right
lion. Gentlemen had stated the sum to be no mo.e
than 2,100,000/.

The CHANCYLII.Oa of the EXCHEQUER spoke its
to row a toile as to he scarcely audible, but we un-
derstood him to say th it Nit of tlle rondos taxes of
last year was canted to the Consolidated Fund,
and part to the annual trim., the whole atuoiltit of
whet was voted making good any excess en the debt
outstanding. With re►pect to the Misrellaiieous„
he was correct in stating the amount of what was
voted last year at 2,100,000/. as the 300 000/. which
made up the 2.400.000/. of which Ihr Hole. Mem-
ber spoke was voted ufierwartle, lie believed for the
miliiis, but of this he was nut quite sure.
Mr. MAIIERLT 01) ii, that he had wished the
explanation, as the arrears appeared to be some-
what about 500,000/. The principal observations
which ht meant to make on the statement of the Ways and
Means would go chiefly to the supplies; be had on objec-
tion, except to the supplies. In sn early part of the &melee
be had ieformed the House how a saving Could be made in
them, and submitted a Resolution to that effect, but eas
very sorry that Government would not agree to make so
small a saving as that which lee proposed, altliongh the
Right Hon. Gentleman took great credit to himself for the
reductions which had been made, and which were by no
means proportioned to the power which lie had of econo-
mising the peddle resources. He wrgitd now state what the
real financial state of the country war, mid contrast it with
what it might be; he would therefore now stale the inte-
rest of the Funded and Unfunded Debt. &e. and he
reckoned 48,398,7071. se the amount of tire interest of those
iirbts includiug the Dutch and Russian [mans, the Irish
and the Arrears of the Consolidated Fund, up
to the sth of January, 18:1. This was a debt which
must be provided for, sinless we chewed ourselves to be
tfluilly orijust and nngesierious.—(fieor, leer, /mar)—lt
ass liorrneed nu specific terms, and a certain seen was
spprope late d as a Sulking Fund to make a pay meat of free
Dire mil. on which, by a certain reduction, there might be a
saving of 1,590,0001. He wished here to say a few words
en the justice of making out the debt as an object of
talratiost; si wend Honourable Member■ bad thrown out
the idea that the only means of extricating the entintry
from its present difficulties V/1111 to tax this species of
properly, but the politic creditors had embarked their
peupersy in this way to assist the country in its greatext
exigencies; they bad also made great sacrifices
already, and it was too meth to call upon them fur
'pore. They were to hive one per cent. on all loans
•exisaing i■ 1792, and one per tent. on all loans con-
Indeleil since; but that was given up according to the
wish of Goveinment. The Sinking Fund was also taken
orav, and what was ibis but taking foie properly from
she stockholder, inasmuch as it was his pledged security ?
(fiear, hear, hear)—yet else stockholder did out resist.
He thought the army might reduced to one
million, and in atsing diet, lie did tint speak
lightly, nor from a slight view of the Filbject.
Alibough he dud not take en aet:te heart in the pro-
positions of the Hon. Member fur Aberdeen (Mr.
Hume), he was by no torsos an indifferent
ob-
eetver. He was persuaded that Honourable Grll.
Menial) had pursued tie proper Course', and that
hi. services would prove beneficial to the country,
And although the Chancellor of the Exchequer
hurl held out no hopes of a redloction, yet he felt
persuaded that a reduction would l►e made, and
sure he was that it might he reduced! convidershly.
In 1819 Ministers came down to that llotswe with
strong resolutions, one of which stated uMt the
greatest vigilance was 11Pft11.ilfy 111 all departments,
in order that whatever reditet was poiwible should
be made. Yet that year they were called on foe
19,000/. more than before. He hoped the House
would be on their guard mg lino any histh.sousoling
expressions of danger, w hide were merely raised to
encroach on the liberties of the people, and to take
the money out of their pockets. It was slot his
iutention to follow the Night lion. Gentleman
through his numerous drools, pertly real. and
partly fictitious, bin he should endeavour to ex-
plain to the Honor his men views upon ihe subject.
He should then bring down the Con-olitleied Fund,
and take the supplies voted, and the minuet
revenue from all the expense* of the country,
atul should make something like a merelistit't
balance pelmet. That was, in his (stadium, the
only mode of doing Use thin/; priding ly. The
Right Honourable Gentleman stared that has/ year
the interest on the unfunded debt was 0,400,000 h
Humours were afloat that a considerable gum of

looney wee due to the Monk of England. It was
not, holvever, for him to fag more on the subject
at present, hut at o future period he should move
for that aceouut. He was of °pintos that a Sinking

•
rued trapaiiential to svpport public credit. Whet
theemount shoald be, hr did tint pretend say ; but
he conteoded that some mode should be adopted to
relieve the burdens of the people. It was well
known that in 1794, Mr. Pitt appropriated a sum
for • Sinking Fund ; but he went a step further.,
"ssr 'stayed-'4lit it --expedient soinedffiig
'llll4uld be diet to conciliate the people after
their long sufferings, and he set apart finalises.
"illdt to reduce taxation.—(Near, hear, he4r.)-
11finith a system were pursued at the Present day,
it would most effectually tend to coociliate the af-
fections of ilw' people, and support the credit ofthe
eoiteitry ; and there would be no longer a necessity
Yoe a stunning army to preserve the public trail-
Itullity. The people were satisfied with the con•
"titetion. The only discontent that existed in the
crithtvy Was apnea the Executive Government. 1
When they see such excessive supplies voted.
'they must necessarily be discontented, and tio-
, thing in his opinion would tend so much
to conciliate their feelings es a system of eve-
' nomy ; and he was persuaded that whatever men
govern the country, let them bel.trig to wind 'Fitly
they may, the people never would be sortistiell tiattl
that system was adopted. He was very far from
taking a gloomy view of the state of the country :
a country that could produce 62,000,000/. ievertue,
and an Menem-el revenue within the hist '26 years
of 6,000,0001. did not deserve to be viewed in that
way, slid the House sl Itl corroder toe mainenee
pones that had been laid not iii wars.
Numbers or road. reed canals hail been made, novo.
almost built, villages built, cities ex:eerie:l to air
astoroshing degree, Scotland elinuet a new king-
dom. and Ireland itueioverl. The
country was in a stale of progreseive implovement,
and nothing was %voided but an ellicirist Executive
Government to conciliate the feelings and wishes
of the prople.--fileer, hear.)
Mr. AsTiet, said, he should say nothing that
could remove the pleasure given by the matement
of the Chancellor of the Exchequer. One part,
however, of that statement surpriveil him es good
deal. Was the Committee aware that lire sum a
$00:0001. was paid for the custody of Boleepurte in
St. Helena ? And now, for the host trine, they
bed heard doubts thrown out hy the Chancellor of
the Exchequer us to whether the Ent lirdte Com-
pany shOuld Le mild their just demand.. It was a
question that deserved to Le t haracterived in a far
different manner. The Right Hose Gentlemen had
promised that in July lad held a taillion would be
paid, and mew lie hail thrown out some doubts as
to whether It should ever be paid at all.
Mr. CALCRAirf said he could hot participate in
the general satisfaction that seemed to prevail at
the statement of the Chancellor of the Exchequer,
nor should he be surmised if them were taken
from the people any Eisen sum they might
Pompeii to pixies., and the statement of the
flight Honourable Gentleman woo literally nothing
more than this, that out of 60,000,000/. we lied
6,000,000/. as applicable to the current expendi-
ture. He should like to know whether a man in
private life would be coeisidered as managing Inu
affairs with economy, who with an estate of
130,000/. a year should so encumber it with debts
and mortgages as to have only 6,0001. for the use of
Isis family. This *es precisely our condition,and he
would ask was tins a source of general satisfection ?
Wuuld moil s my that great distress did not ex-
ist, and that this did not arise from the revenue.
which was collected in any eivy and by any means?
Mr did not despair of the country, but he must
object to this false colouring, which was calculated
to induce the House to slight, or at least estimate
too lightly the burdens that weighed down the
people. He was persuaded that before this country
could right itself the people must obtain relief front
taxation. Instead of Sinking Fund,
it would appear f the statement of the Chan-
cellor of the Bache:rater that we hail a sinking fowl
of 2,000,000/. short of what :hey had Leven told it
would be in 'sig. it' twitters weett 00 in This run-
ner, it would be pine ridiculous to speak of reeler-
tiou. The money was voted away, and was the House
to espies% its lialisfitetion when the Chancellor of
the Exchequer summed up his dreadful cetaloguel
His Hun. Friend (Mr. Moberly) had expressed
some pleasure at the increased capital of the comae
try. But was it to be forgotten that every man's
private property was deteriorated by this increased
capital ? This was not a new expired that hail been
intioduced to the country, but was in fret mort-
gaged on the larded property. So far from feeling
gratified at being thus burrito:eel, we should put
our shoulders to the wheel, and endeavour to
lighten the burdens which pressed so heavy on the
people.—(lieut., hear.)
Sir J. NEWPORT slid, he should not trouble the
Committee many minutes, but he wished politico-
larly to call their attention to this increased capital.
In his ()pillion increased taxation produced a dimi-
nutipai of the revenue. Some time entire, when the
Right Hon, Gentleman (the Chancellor of the Ex-
cheque.) was in a gnat hurry imposing new ditties.
he took the liberty of expressing his opinion to the
House, that au increase of taxes must produce a
reduction of the revenue; and he should now take
the liberty of &nuking • few sarternente from the
returns in Ireland to corroborate his assertion.
The Right Hon. Baronet theu enumerated various
articles of consumption. In 1914, on the article of
tobacco, when the duty was 9id. per pound, the
reirenue derived was 203,000/. and last year when
the duty was Is. the income was 1%1,0001. Ott
the article. malt, when the duty was 10.. the income
was 408,0001. and last year, when it was 14s. the
nicotine was 34)9,0001. Oil tea the duty at 71s. pro-
duced 560,090/. and last year, at 965, it only
amounted to 398,000/. But the average on French
I wive was twist elitgular; when the duty was 87s.
the intoner was 30,000/. and when 135 a. the
income was bet 2.l,oool.—(Hear, hear, bear.)—
On rote, when the duty was sa. nil. per gallon,
the income was 297,000/. and now, when raised
to 10.. the revrieue derived telly unwanted to
127,000/. This statement was sufficient to Mot-
irate his opinions. for, if the people were not borne
down with taxation, they would not forego (par-
tie:ninety in Ireland) these articles. which were
generally called luxuries, but which l'ortned, from
long habit, the actual necessaries of life; but it had
berg statrd that distress had gone to its greatest ex-
tent, sod things must soon mend, He was surprised
that Gentlemen could pay so little attention to what
was doily going forwartlin all parts of the country.
Day after cloy they had heard grievous complaint*

r agricultural distress, an .1 Ise wai urinisked to •
fi.sd that Gauntry gentlemen, wise bad the gettetest
interests at stake. could absent' themselves from
that Houle When thefts timessive supplies had been
*ranted ; but he certainly did. at least, expect to
see some of them there that night, and so their plsres
lafaini-We Minierters of the
real state of the country.—/Hear, hear.,
Mr. RIGAIIOO said. the Chancellor of lire Exche-
quer was its the habit of holding not the most flit-
feting Napes. Last year he held out the same
hopes,Glthougls our Sinking Fond then was greater
than. even acCordlog Id his own riatenient, it was
at present. There was also a deficiency of a 19,0001.
in the present year in the Consolidated Fond, which
the Chancellor of the Exchequer lied left ant of I.is
statement, which, coupled to the former deficiency,
amounted to right millions unit uperards. .Ile had
to cumidaiii shut the uceotiit, ureseutest to the
(lutist. were opt as clear or accurate us it Mielst he
desired.—(llear, hear)—They haul been told they bad I
Stiikiug Fund of 18,000,000 f., 13,000,0001. of whisk omit 1.1
the puddle set vice, so that there remain. d actually but
3,000,0001 From this statement he saw nothing to congra-
tulate the (moistly upon, when all they could hope for wail,
that 11w revenue of future years ought he the same as the
current year. He now wished to say something of Sinking
Funds in general; as it at lin this country he thateeht it
a most nteleas institution. but he did not mean by any
means In toodetnn them in the abstract. if lie thought the
money woidd he employed to pay Millie national debt he should
have been satisfied, and would approve of them. And if
there were really any Gentlemen is that Haute wl.o flattered
themselves it would lie applied to that purpose, he could
oily any they placed enure confedence in tliniaiim, than lie
dud. Was it to in the sink of Sir R. %Walpole 1 Certainly
out. And was it •taicrly adhered to in the tier ter Mr.
Putt ' lie placed the Sinking Fond in the hands of the (;o-
rertmrs of the bank, and be would arh haw had shit torn
since disposed of! But the xreat apprehensions of the Chan.
cellar of the Exalt eater seeerd to arise ant for fear of the pet-
relay of the country, but of geom.. fluky of riches—( llea►.)—
'l'hry heard him consaassily talk of the aceunsulatiou of
ea pital. He ( Ste. Ric wilo) thou elot the best place to
keel. a Sinking Fund was In the porkers of the people, and
%hemmer they warllstl money fur any public purpose, Ist the
I tlinisters collie down sod demand it, hut not create a fated
applicable to tetoptira.y purposes. TIM Hon. Gentlemen
Holt read nu extract from • speech of Mr. Pill, on the sub-
ject of Sinkiiie Funds, *lnch stated that these funds had
been constantly employed by the Minustris far other
purposes. He would ask then if the Muse were disposed In
(lodide in Ministers:' lie, fur our, rertaiiily was not. He
was folly persuaded, if this sibling fund load Dever existed,
that this country would out be so pour as it is. On the soh-
' je• t of savings banks be wished to say one word, for that wait
an institution of which he approved. A plea had been pro.
posed by a Gentleman iu the country (tic. Woodruff.),
which, if pat Into eaecution, asstdd be autstic(' with the
most bimelicial elects to she industrious classes of ao•
eirty. If a small sour **re put into one of uk se
banks, for a child at an surly see, it %email antunns, by bear-
ing compound iitteiest, to something very handsome by the
time lie was grows up; and a poor unto Might, in this sway,
be induced to pay • small tuna, and this small sacrifice
would secure for him a respectable annuity. He took the
liberty of throwing out these uhservat lots. to the Committee,
which at some fattier+ period might Kant imme mien inn. One
word ranee MO the subject of circulation which had been allot!-
. sof to, and lie had done. It appeared to him to be of no import-
ance from salicuce or in what mintier the rhodium was cor-
related. The mimosa of the circulation was the material
object, and if the Rank had not circulated the nonther of
notes, the people would carry their gold to the Mini, soul
the metallic currency wohid have been as great as the Bank
aides —( Worm, hear.)
Sir. LOCKHART felt somenlist surprised at the satis-
faction expressed by the Hon. Member for Alonedua (Mr.
' M abet ly); be could see nothing to cuogratitlate the country
upon. They had petitions every day complaining of the
distresses of the people. Various insinuations had been
thrown ant respecting the Anode of alleviating these dis-
tresses. The agriculturists haul beet) charged wills a dispo-
sition to break faith with the national e•editor, hot they
Rome back the impartation, and lie biped whatever means
were resorted to, that never would.

Mr. RICARI)O sit Mr. MABERLY bolls explained.
Sir H. PARNELL CoiiLentled that the powers of
taxation were exhausted, and it was therelore use-
leis to impose new taxes, for although they might
be laid out, vet they would be either unproductive
or reduce the produce of other taxes.
The CHANCELLOR of the EXCHEQUER explained.
Mr. HESE said that in the year 1817, the Com-
mittee of Finance recommended the slimily should
he 17 million.. fu that year the suites of supply
were 18.300,0001. and though the Committee had
held out hopes of reduction, yet it had gone on
every year increasing, and only now we were got
back to the same state as in the year 1817. The
Right Hon. Gentleman bad not adverted to what
he considered a most material point—he meant the
expense of Collecting the revenue. lie held in ins
hand an account of the expense of collecting the
revenue in Scotland for the last twelve years, by
which it appeared that the expense of collection
had gone on increasing born 3 per cent. its 1817 to 81
per cent. in 1820, so that here one item of expendt-
tore was doubled in the course of a lew years. He
Wit,* quite assured that at leaut 1,400,000/. might be
raved to the conotry on this head of the revenue col-
lection ; on reference to which his Him. Ft iend (sir.
Lockhart) had said, he was satisfied that the 18
millions which they were now voting for the army
and navy, was more than equal to 44 millions of
the currency in its late state. He was glad that the
Hon. Member for Bridgewater had mentioned the
debt due to the East India Company. He haul
Nowt( called the attention of the House to
it once, and hail mentioned it in another place;
be had told the Directors that the consequence
of permitting the Government to owe them so much
motley for so long a time would be, that the Go-
vernment would in a short period tell them they
owed them nothing. But his great reason for com-
plaining of it was, that it withheld front the House
the knottledge of the amount of expenses incurred
for the detention of Bonaparte. From aka he
could collect it appeared that in five years we had
expended two millions sterling on that account.
Had that bees brooght before the House from year
to year, he was persuaded they would not hive con-
sented to such an expense for inch a purpose.
With respect to the Sinking Fund, the Right
Honourable Gentleman admits that we have
now only 1,500,0001. available for that pur-
pose instead of five mullion, which lie had expect-
ed to have; but in fact if the expenses which were
not brought to acesowit were included, lie meant
the fxpettses at St. Helens, the Mauritius. and
Ceylon, it would be seen that at the end of next
year the Sinkiag Fund would not untouitt to
2,000,000/. but if it did, lie hoped that tams to
that lumina would be taken off.
Mr. ELLICR called the attention of the Com-
mittee to the state of the accounts with respect to
the Sinking Fund. He could nut are, if the amount
of debt were reduced, what object cottlil lie promo,.
eel by keeping up this complex system, which only
tended to confute the accounts. lie was disposed

lc:concur hi the fovoutralift :crania, of the recrioto
of the revenue—he confe*•rd it gretAil rzereLleof
hit expectation•, hot regretted that the expenditure
bed toot experienced a greater reductun►. Ile con-
trratulstril the custiotry animating a Sinking Fund of
tour millions, but could tint see why the Right
Hon.Elentlemen should have firoughs in•o his state-
ment the money burrowed from the Bank of Ire.
land ; neither could he see *La advwutione tt .IW4
to ieee this toa,oooi. from the Bunk of Ireland. et
4 per cent. for the purpove of investing in the 3 per
cents. on 77 in 74.
The question was then put, and the rrooleitow
woo carried.

Mr. Hosts said, he perceived 163,0001. wits ere-
(flied for told store., which he tweruined were navel
store's, sod wished to know waif the ordnance old
stores were not sl.o included in the saute manner.
The Csussicsis.oa of the Ettetscuttee replied to
the quetvions of Mr. Hume, but was utwodtbk iu
the KAN y.
Mr. ELLICB a•ked why the pendoce of the Lok=
tery wee stated at 16.5.06/. mar ?

The CHANCELLOR of the EXCHEQUER said that
arks not the whole oat. rerehreit.
Mr. F.LLICE expressed his istestiou to uprose tier re..o)•
lotion (or rai►ins a MINI by the Lottery, iu order to co-
ileti:our In aMdi.h it.

Several other Resolutions were thin pet and agreed to.
On the Resolution for raising 200,0001. by the sale of
60,MM Lottery tickets—
Ale. VERNAL ruse and mid, that he aunt enter
protest against this unproductive and immoral tax. The
Clavisecllor of the ..V.selsectuer had last year asked fur
440,0001. on account of it, •ud new he bad reduced it to
eOO,OOll/.; so that as it was even in Wl* ogitsion • 1.10.111-
now was the lime fur him to give if up with a guo.l
cries ; at all events be was resulted to take the sense of the
House upon it

Mr. BENNETT said, if the Sinking Fund were ■s the.
R:gbt Hon. Gentleman had awed, where was the neeersqn
for coatioutrug the sax' If, indi ed, she so penditure n:cerded
the income, he could understood wiry a Chascellor of the
Exchequer, whose "slily object was to raise as much moo) as
be could, to extract an largely as he could from the pocket.
of the people, and to retain the command of it when be had
got it—sud► an artist, he could well believe, might say—.
4. Mousey we want, sod money we moist have; and we care
not what becomes of the onsirutls or virtue of the eatioa."
Het here they had the money, 111111 yet Ibis system of di
freopeptineta, of vice and corrispiitos, of which the High:
Hon. Geotlemsn was the pi-moth/tit, must still he continued-
Ile should nut have said Shwa much if there were not a heavy
charge is ISIPS, it Sniff Su support murality and religion,
by building chweelwa, lac. Ile would like upon himself
say, that she kids. lion. Gentleman would do more mischisf
by his system of Lotteries thae hr would produce good by all
the diarrhea be would build in his lifetime. lie could outs
see whys tax—for ship was a tax, though a haul one—shorshr
net alba be laid ues the brothels of the r.:untry. It would he
as protective as the Lottery in boils ways—it would twist
mosey mad propagate crime.
Mr. GIPPS defended the Lottery ; them were other tsars
ohieb be thought the country would be more 4.lessed to tee
IN hewed from than this, whirls was entirely optional to those
•lsu subserilsed so it, and who would psuhably spend
their mime, in other sorts of gambling if debsrred from.
Gist.

Mr. W. SMITH and Mr CHIN'S opposed the Ream.
'slims Afire which the Gantry was cleared for a divisitoh,
when there appeared—

Ares . .
Noes

Majority 5B
The ocher Rs.)luliotsa were then agreed to, and the Re.
port ordered lobe rercived 013 Monday swat.
The CHANCELLOR of the EXCHEQUER moved that
the Houte„ at r lig, du adjouru to Monday oesi.

CRUELTY TO HORSES.
The House resolved itself into a Committee on the Cro-
thy to Hawses Dill.
Mr. RIDLEY COLUORNE said, he °Netted to this
hull, not that he wished to advocate the cause of any savcge
groom or brutal carter, but it appeared to him that it
affected principally those who had the rare of horses, and
Ir ft untouched the master who was guilty of the cruelty of
running his horse one hundred miles in twenty-four hours.
Mr. MARTIN said, if the Hun. Gentleman would pro-
pose sn amendment, to extend the penalties to the owners
of the animal, lie for one would give it his support.
Mr. C. SMITH said,. he approved of the filename ex.
Iremely, but thought it did not go far enough; he shoillj.
therefore, propose as an amendment, that it include asses
and other ■uiinals.—(A laugh.)
Mr. MONCK was adverse to the Bill. He thought it was
uonecesimsy, sod origivated in a spirit of over-legislation.
if it were meant to protect the animal, it certainly ought to
be extruded, a■ had been proposed, to asses; and some other
Hon. Gestlemen, who were attached ea dogs, might move to
hare them included, as well as cats. If it were meant all a
protectiou to property, be thought there were other ways of
cffectiug that object.
Alderman WOOD said there already satiated a law to
punish drovers for cruelty to animals which they drove to
market. Hr could awl see, therefore, any reason for the rid,.
cute thrown on the measure, particularly as the Hoil-e lid
ja•t hero employed in legislating on that most imiwora! sat•
ject the Lottery.
Mr. E. WA RICE eappwleil the Amendment.
Lord TINNING moved* alt Amendment, which was to
have the a ffert of punishing all persons, masters as well as
aervaula, for cruelly to animals.
Mr. SCA RI.F.TT thought it difficult to establish the
priuciple of this Bill, and extend it to rich people as well
as poor. There was as much cruelty endowed by the loot,
from the agitation it was thrown into by hunting, as in any
case which could be pointed out.

Mr. J. SMITH said, that barbarity to horses was a vice
%bid' oas confined almost exclusively to this country.

Mr. R. COLBORNE thought that racing a horse 100
agsinst a given time, was a• cruel as say thing which
this Kill went to punish. He conceived it impossible to.
apply generslly the principle of the Bill.
Mr. C. SM I 11l withdrew his amendment fur this time, to•
make room for that of Lord Binning, which, after :.•few
words from Sir A. Osborn, Mr. W. Stniib, and Mr. Moncl.,
was agrctil In.
Air. C. SMITH then moved. an Amendment to add the
words " Nan• sir gelding, mule or ass." to the clause.
The anicoduient was *greed to.
The peas) (-Nese tieing put, it was proposed to 611 up.
the blanks with slims of nut more tha■ bt. nor less than

Mr. CHETWYND said, that this would sire the Maek •
Irate. no more power to punish offenders than they already
posiicssid by the Bill p I hart year.
The chime nes discussed by Mr. Alderman Wood, Mr.
Bernal, Mr. Y. Palmer, Alderman Bridges, and Mr. Gaul.
born, and rgrecd to.
On the nest clause for greeting appeal to the Quarter Si'.
Moms being mad—
Mr. SCAR LETT hoped that the Cemmitlee would rico.
der what a yummy of hominess this Hill would *rail to the
Coors. of Quarter Ser.ioor. Hr thought it a vast deal too
much machtnery to be nut ia motto., to cure iffdimper vi
thus, a ho had the tending of Celli!.
After a few
Colonel BARRY, and Sir GEORGE CLERK, the *that
C1311,1C1 welt. agreed to.
The House resumed.
On the motion that the Report be new brought up--
Air. LI LICE moved that the word .4 now" should be left
out, and "thirds, Mu mouths" be added. _ .

&Ir. RICARDO thought it absurd to *neap/ to lerithlte
mu the prtur?ple of this 111111, wbtch ought equally to apply
In fialisig worlds um Meeks, or soy ether emulattes practised bu
hunt MI, shouting, sr fishing.
Mr. BERNAL teas burry to ►esr so homes sod sorer.