The British Press; or, Morning Literary Advertiser.
London, England, 1808-06-02 00:00:00

SCPPLIES.

f!Pa'y .

Arty

17,400147

394•9+109

()name* - . 4,11340171
- .
Mise•flaserts - . 1,750,800
-
East !Fortis Company - - . 1,500100
Swedish SIIIIIIItIy - - i3100.4)00
•
Vute of Credit - - .11,5011;,u0

Making t total joint charge for the United!
kingdom of 48,719,71'7

The separate cbarge for Cleat Brita:s would that Nod
the.

licficieuey of Mat, 1 1 in 6 • - 75,000
Ini,fra 0411 Exchequer Bilk, I eill4 - 4,400,000
Exchewier WIN, part of Vote of Clair, 11107,
not tun.lcd - 4001,000
Fire per Ceuta. t 797, to be paid off 153,60

80310396

The total Supplieow otald mesa t. ai,961,423
Deduct Irish properties of Supply arid Civil List 5,868,313
Total to be defrayed by Great &Weis - 411,3111;V:15
As to the sum of 1,500,0001. which must be pro-
vided for enabling the East India Company to pay
their debts, it would be a matter of future consi-
deration, upon the report of the Committee, what
is to be voted in the present Parliament. That
part of it which was contracted antecedent to the
Union, would fall to be borne by this country, and
the remainder by both Great Britain mad Ireland.
After deducting from the total supplies about two-
seventeenths for Ireland, there would remain the
total be had last mentioned. for Great Britain, of
which 4,741h0091. was not part of the bunion of
the present year, but arose sot of the operation of
funding the Exchequer Bills, which have been
partly already provided far iu the Ways • and
!Weans of the present year. To meet all those
charges be would state the following

WAYS AND MEANS.
Doty on Malt, Pepsins, Joe. - - 2,000,000
Bank Advances - - - -3,500,00 u
Unbppropristed !tiepins of Consolidated Fund,
at Alt April - - - 7,6,1470
Estimated Snrples of dittJ, to sth Ap.4l, tfita 3000,000
sin plus of Ways and dew's, 11107 - - 2,..113,000
WorTmes - - - 2u,nothutas
Lottery- .. - - . - 307,000
Exam-otter Rills, to be invert to replace Bills
not funded - • - - - 4,500,000
nichorer fills to la is: tad fur the East In-
ilia L'..inpstiv . - 4500,000
Eschecincr Rills part of vo,r,nd,,noot.• charged

ets aids IMT, to sepias a the \MIM Oil
arnie 1.04, which has Lt eeinnided - -
The Leas - •

e.i6sonn
svoou,see

Slaking a total of -
From obicb deduct tbe Sorplin be had
already stated

asAzo,y7u

41k.34.5495

Lcioing • Surploa of Wiqr and Mean of 147,00 s
Heeliould now proceed to state the terms upon
wisieh he had transacted the lona for the servo!, of
Great Britain for the preent year. It had hecn
contracted upon the Consr,lidated Fend to the
amount of eight millions fur Great Britain. and
‘2,500,000L fur Ireland. For every tool. contribu-
ted, the contractor bed agreed to take I ltd. J. tid,
in the 4 per cents which would create a capital of
10,408.3751. for Great Britain aui Ireland,
eosoo,oool. being for the latter; the iutereat to be
paid for Great Ilritain would therefore be at the
rate of 41. 14s. 61d. and wonld amount to 77t4,0001.
and the charges of management, exclusive of Ire-
land, would amount to 174,4351. He should nett
proceed to state to the Committee the total annual

ciiargetwougliewpon the country, oat oats by this
lean, hut by fuwling the Exchequer Bills. The
I.,iur millions of ExelaeqUer Bills funded, crested it
pital debt of 44394391. in the 4 and S per cents;
Tiv! interest upon the.. hi U. was at the rate °lsl. 4s.
4; d. 1... r cent ; but upon the average of the shale
MILI ton rovrvd by thew, and the lean together, it
be reckoned at the rate of 41. 17a. 4j.l..Tbe

lii‘ht t then entered into a minute tictui
kit tie verst.as cliarges incident to the ill acs en.!
and idatect bhuonly the effect he apprehend
hi.cly to be pro.loced 1.), the mariner iu svidei

lit: tncia) o•rnatuw. fiat! bo•n ensiducte

btarticullirly. lanntugoi
iai freta i.is hatiug trausszkii is the

per Cut.(. instead of the 3 per Cents.; by enter-
ing into a companion of theil. present price*
sod their charges of inauagvinent. Ile theism
concluded, that a liming of no less than four
millions had amen .to tle debt of the country,
by funding the Exthentar Bills in the 5- per
tents. teal the luau in the 4 pet cents. rum
these coinparisatis he made, he trusted it would
be aulEeiently evideut to the House, that the
public screme f ad be en most economically con—
ducted, and that a less permanent burden had
er. upon the public, than could have
been reasonably lAps tied. lie then concluded
ids moving, That towards raising the supply
to be granted to his Majesty,thesinnisf 10,500,0001.
he raised by smuttiness in the 1 per cent. conioli-
elated fund ; of which the sun; of .2,400,0001. should
be appropriated for the service of !rebind."
Mr. TILHNEY gave greet credit to the Right
hon. Gentlemen's inge ty let the statement
which he 'had submitted to the House ; but theligh
he was inclined to give hint his due praise for die
whole system, as stated ie his speech, he could not
permit some parts of that system to pass without ob-
servation. lie was unable to pemeive bow the
Right llotiourable Gentleman hail reduced the
minima oldie loan, and yet produced for the pub-
lic service: the' necessnry supply of taxation. 'the
system he had proposed might be ingenious, lent he
was appreiteusive it would not last, liner it only
tended m future years to make the demotic' of tax=
idiot). to meet the current expenses, greater than it
would have been according to the 'usual mode of
raising money. With respect to the East India
Company, notwithstandiug the provisions made
fu.• that Company by the' proposed loan from
Government, yet there would afterwards remain

one million of their deficiency unprovided for.
he had heard was to be made easy to theta, by post-
veining, fur a time, the duty en teas. This, he
feared, could riot, consistently with the interest of
the country, he done, since this supply must be
drawn eventually from the consolidated
Ile congratulated the Right Honourable Gem. on
the easy terms on which he had niade the luau—he
hid tint even hoped so much readiuess would have
been ~hewu to advance the money. He was then
unable to comprehend line it should so happen that
he could not make au equally advantageous bar-
pia, or rather more so on 3 per cents. than on 4.
The only oharge..it was said, on the loan was, the
mere annuity paid to the Stockholder; but this
charge was increased by an extra inteitst of
31,0001. more than had Ustraps:action been carried
oil in the 3 per cents. ; nor would i t ever be decreased,
until the 4 per rents. should be reduced by the ope-
ration of the sinking fund. This reduction also would
take place on very disadvantageous principles ; for
the same sum which would reduce it millions at 4
per cent would reduce 13 millions at 3. This clearly
proved the contract was not so edvantsgeous in its
circumstances as had been stated. It it should
become necessary to pay off the d per cents. it
would also be Accessary to increase the debt of the

nation. Thus, though the annuity decreased, the
debt would be constantly on the increase, until,
by the effect of the sinking fund, which wasin-
tended to go oil until it bed ultogether reduced the
debt, a decrease of both debt and annuity must
unavoidably ensue ; but this would arise from a
cause iudepentleut of the present subject of cuts-
sideration.

Mr. iiIiSILISSON observed, that though the East
India Company stood deeply indebted, they would
he enabled, after certain arrangements hail been
made, to discharge et least the debt mentioned. Ile
could not agree with the Right Hon. Member who
preceded hiss, as to the difference in the charge to
the public. For although should a one per cent.
capital be raised on a 4 per cent. stock it would re-
duce itself on the principles laid doin at the average
of 841. vet the managers ulthe public money would
be unable to reduce the 3 per cents. at less than
par. He considered it a material advantage to the
. .

public to borrow on a loan of to incrcaied-nomin:sl
capital ; especially if on the same terms us the '
creased nominal stock could be purchased, at this
stock could he reduced at a less rate, by the opera-
tion
of the ainkiug fund, which was now 1-s..ith of
the National Debt. The:. were now borrowing at a
rate of 41. 14s. per cent. whereas they had hereto-
fore borrowed at the rate of 71.14,. by which meanA
there had been a saving of 3 per cent. to the pub-
lic. Thus the terms. he thought, were advantage-
ous, and the Right Hon. Member entitled le the
applause of the Douse, for his care iu the manage-
mem of their concerns.
Sir Wt ut.t. M Etroso expressed his intention, at
a ruore proper period, to make some observations
on the statement of the Chaticellor of the Exch.-
, quer.
Sir JOHN NEwPORT said, he saw no reason
Ire-
land should acquiesce in the Lean to the East In-
dies. with which she was precluded Prom all inter-
course or advantage, and it therefore should not
costae out al the common stock.
Mr. Ilusa twos stated the debt of Lion,oool.
haring liven incurred since 1801 ; Ireland, Ur the
articles of Union, was uhliged to bear soros of the
ii.couvestietux attached,to it. as she would have
Levu to have supported, Ia some cases. her i-i;ths
of the expense. The Lite. looses consisted rather
of v..svelii laden with troops for the maintenance
of our possessions, with warlike expenditme is ex-
pudirions. See* such as that to Egypt, for the de-
fence of these tefritorics in India. This should
therefore be jointly defr.myed at the notional ea-
prose, wail ebould brain of ell have been objected
to.by d.c lion. Baronet, who was one of the C'oru-
!Mitre alma had proposed the subject to the cow
sideration of the Douse.
M:. Cara vts did not think thel-e Wag a just case
wade out to induce the Mae to grant the sum
rectiiirecl by the Comp:int.
lICAM MON thollolt it would be much better
to examine the strength of the ,•isse nu which they
made the applicatiOn, when the House should
come to tote the sum required.
The CLIA‘CELLoR of the RXCHICHETN, defevileti
the propo-al he had nettle, as the greatest possible
advantw4e to the pnblic, by providing a probable
meant of payilig off the debt shortly which it as-
then coutractinA. The burden to the country wa,
lets at the 4 thau at the 3 per cell's. The propcset.
hcoi to ei:e Fast India (.7‘. upan: was not, he couli+
assure the Baroaet, a contribution to the
Conner;, but a means of accommodation..
Alter Wine in v.tual graplanat:ou Letwctn

I'4lra-rot?, Mr. Tt ERN EY, and Mr. TICAMSON,
various resolutions were read ti:Al avesid to.
Mr. lit!SKISSOIII IMOVtd a resolution for
certuiu duties of licrose on Com,try bankers,
w„„ opposed by Sic 11 st. ELFUILD, end MI.
Ge our.

i. HoltNra thought it improper to interfere
with the money trade or all others, as it could nH, r
hind its Foper un,.l just level, except it was tivr_
milted to settle itself. lie, did not know how the
Committee had proceeded to discuss the matter ut
preseut. but he thought it ot least ihjudiciont thus
to mingle the supplies with the immediate cow.:erus
of trade. ._

Sir Joust NEWPORT observed, the practice of
publicly licensing banks in Ireland had been ex-
tremely injurious to the lower orders, sts it si-etred
to them to imply that greater confidence slinaid
be placed in them than they were afterwards
found to be secure in reposing on this fictitious
species of credit.
The Resolution passed, the House resumed, and
the report was brought up.
The CHANCELLOR of the Egegaguro signified his ie_
tention to mike some motion relator to the Distifixti”e
from Sugar, in the Committee of Ways Lid Jleaus, uu Fr..
day next.

Mr. Wu alte3,l twilight op the report of the Lard Et,
venue and Orders in t:uniicil Aniendreent lAN, which rye
received, and the Bilk urdered tu he red • third time te-
altOrtl)•..

_
He also hrostehl tip the report of the Committee appoint, 4
to examire the expe,ifieney of curnarsur,ina our fishery, r inch
war race:std. laid leave air given to bring iu Bills pursuant
thsTetu.

THE CARNAT?C.
On the Or.ler. of the Hoy being I*.ad for the Home to re.
sumo the adjuttrued debate us the Caruatte
atrangir were ordered to withdrew{ preparatory to • rbJ:-
.

In the course of a abort pera.l galltry was

opened, mod we found. Mr. Wo saesLL POLE on. his [TA.
Ile commented strongly 'eou the language of a Richtll.r..
Geutlemau (us presume Mr. Sheridan) who had insinuat.
that it was the wish of the friends of the Noble Marquis to
blink the question, and seemed to have DU better gromad fon
such un insinuation+, but that their vas nu uillingursn un
their pm.: to thume the discuss:ou. Why they did um :,••
new it, atom (runt this plaincircumstauce—that there ars
no orce-a...n. On the last eTeuhrg, the Ma. Alember who
concluded the debate of that might Dad fully answered tie
accusations of those who were triewity to ti's charge. lit
had heat an eye-witness to the system purs..ic t is tlx OW.
antic, and Dad, in a most honourable and indupeudeut moa-
ner, gives his testimony no opposition to the charges of the.e
who were so prompt to arraign his Noble Relative. It it w. s
the wish of there Gentlemen to proceed, be could assure thee.
that 'it was DU wish (only sail mtuititlly to meet the chow,
although he was aware of the ingenuity and eloquesce of the
Right Hacresatleman opposite. An eloquence which newt
he powerflUy supported by hue six yeaws attentiust to ti
suDieet. He assured him be woubl hear LW statements is •
cool and temperate manner (de ittigh ). 1% hrm he said so, ie
could not but admit, that there were acrasitous at a hick Coo
the obseovations otaole, he could not but feel strong semi.
tions of klaiVIL: • . lie was actuated by such fiche sst
hgaris4 the [Lou. Baronet (Sir 'f. Turmas) easert, that it was
impossible for any man to return from Intim with c:thet
Lenoir oe- Insoesty. In making such an inference, he VW-
tended that the Hera. Rartssoct had availed himself of his
Parliamentary privilege to its utmost extent, aartelY, by
sayiag in that Howse what he would nut dine to say any
where Om Ile concluded by assuring the Hoeme, that *a
the part of his Noble Relation he courted inquiry, and that
if he believed that one.lialf of the charges ma.!o agaiett
the Noble Marquis were true, he would 11AVe shrunk trout
advocating him in that Haulm

lfr. ATM observed, that DO mantras =ore willing
to bloke every allowance foe the fraternal feeling, of the Has.
Geuthanati, but he stilt did expect from tutu that t aucieur
which be v, as warranted by filch. previous acqusititeuee. It
was therefore with surprise that be heard expressious
frees letni,whieli he (veld alone attribute to the warmth of tee
oonceptioes, or rather of his m heron em iota". It ev ver
said by him (Mr. S.) thiet it was the wish of the friends of tev
Noldelldertints to blink the question, or to sitreete-freen tt
fullest and niteit deliberate iovestigation. Whet be slid es)
on that point, was yet frie.h in the recollection of the Hann,
and could never he tortured into the infereuce which tic.
Illenourdile Mernher had made. lie did call en the Ste.
Barouct to withdraw these lone historical resolutions, 1,9
which it was more thaa pruhulde protracted diseassi.!,
would take place, and to come at note to a plain and poi -
tire leoithoitm, out which the House might be enabled hi
proominee a preempt sad abeidute 'opinion on the grit
or indocener of the Noble Marquis. is Maims Guth a
recumieendation, he thought be met the hopes of the
friends of that No:Armen ; fit merely it would not to
ar,luetl, that a der,...), of that Howie, In favour of the
pet...loos totestion, outs tech • decision as could areas ,r
the ends of pulthe jostire, or with whi.h e.mseieus isumerecs
sushi care sotistied. " With such au impreesion," end 'I,.
Sliei hums, " I .11.1 recommend the discassiou of a simple tia-
positon, calculated to bring tbut question to a hill sad
c result. Autl I did then an/ du now cuntesd, thst is is
isiq.esslilt to couture auy men, Cu elm/reed DS the Nuli!:
Mitt quo i., upon tretirrinn) and evidesee strong avid resperl-
side—upon slob • variety of vouchers as are at t
yiarcd on the table of this House, to be at all acquitted ht.'s
accusation, even though this House should agree tit
perilous question. 'I be Han. Niel-Mier (31e.
`as, u ith strong emotions of feeliag,tlefeirted the raw .u. • I
ilia Noble rel4,%c. Ile at leastwitt do me the justice, it
would he the 114 man to attribute to that excetteut clat-
ter any of them; base passions which degrade the human eltv-
ractre, any 1,041144 I.:.•ltislkurss or sereitiMill pursuit to the ,--
cinuallatitiii ref ee.:11,11. Sat wets,* 1 male these adraisettrie.
der ae,nee .hat 7...ilileitsau of purruiii4, in till'
wistraLuA, a
.system of the moat mischievous analtitioe•
cruised eolichade these few obierVatiers withowt sasurieg she
Hoe. 31co,Ler °limit/to, (Mr. Wellesley Poled, that I the
overlook, if not app.euti, the fratersal intemperance abet.
marked thc mercer iu which I/endured tit the previatts re-
soitourtidatiou I bad given."
litter llor.bC roadies subventions from Sir Jour Al.
STILL TULA, Mr. )VaLtr.sLtoi POLE, sad Mr. WA LLAC E,
the House divider ur the previous question, sia put u.i tea
first restitution.
!Sir THOM AI TI:11114:11 previOdsly informed the Swim
that it is.is his not:titles to take its acme els every 1,G4:411.411.
'The numbers weir ma the Nest steetlatauo,
Fur the previous question ...........• toe
agaimat it
sza kmouti4.6 Fee the pr.:violin question.. top
j .Igaiust et
Ou ore re • we found Mr. GEORGE JOll/111TONI
artaiming the policy permed otatinst the Camille, ma
pro.. iv 4,• that the system was not only unjust, but 5V,1,
a pees.lisre view expensive, istasenich es the disburremeala
title emit; r than the revenue.
Aft V TSIIED KEINE tittellitted the deduct of the Me-
ga:a Wellesley, because he wash. coovced the Nebula uf
Carnatic had views Mendede to the sesturity of the Sritok
power in India.
Mr. CR AVT Spots impreassely against the transalti.rt
in the Camatm, as replete with ittealcelable evils to .-r
dearest Inehan interest', and at variance with the t..tzh
pet:T.:so s fleabite.
Mr. Rt atliuLD Lrsra defended the Marquis lltl•
helve in an argumentative iiptitcli.
if,, Hot,se them divided cm the Id and 4th Itesoleti.,•s-e
ad Res .
iletmo For the previous quesisam.... tql
o Ameibet it l/
alts ac,tjtution 5 Fos the previous question tea
Agaiust it ti
SIT Trois TL .Tut thou infrroted the Hoax.
was not his intentioa to press that night his rare 'S
ri nefutietits, but gave motive that he would more
tt,..t That 'day fe.tui;bt. consequeuce eras, I
istemls J resolution of Approval et the Marquis
tVellii:
rer duet was not proposed by his friends.
The other COrd:re of the pity "ere then 4lspe,ed •••
to huh the !Ivan, at I lISISE tt'CLeCli. this ten• ••-
aldjuturoed.