The British Press; or, Morning Literary Advertiser.
London, England, 1825-02-19 00:00:00

Art. 2. Credits are opened to the amount of 673.919.714 f.
Chapter 11.--Art. 3. Enumerates the tares which shall continue
to be levied in 1826, according to the existing laws.
Chapter 711.—EValuat ion of the receipts of 1826.
This estimate is 924.093,703 f.
IMOIECT OT LAW; CONTAIVINO. TUE OINAL BEGUL4T;OW
OT THE BUIMEY Or 1823.
Cnalt.ta, &e.
We have ordained, &c. [A. in the preceding.]
Sect. I.—Annulling of Credits—The credits opened by the laws'
of 17th Augult, 1822, and'July 18, 1824. for tile Departments here
below mennoned, for the service of 1823, are reduced by a total
turn of 29,456,0'4 ft.
Remaining disposable, and unemployed, out of these credits.
vit.-4 Here follows the enumeration of the several denarttnents.
and the respective sums. The largest by far is the 'W;t Depart-
ment, amounting to 17,118,178 fr.
2. The credits affected to the service of the Department, and re.
duced by a sum of 5,375.261 francs.
'fhis sum is placed to the account of the Budget of 1825, to be
there employed according to the law of 17th August, 1822.
See.ll-01 the Supplement of Credits.
Art. 3. There are granted on the budget of 1823, besides the
credits, all fixed by the laws of 17th August, 11322, and 211th July.
1824; the following supplement..
Here follows the enumeration of the several departments.]
Total stapplement, 8.429,246.
Sec. Ht.—Determination of the Budget-of 1823.
Art. d: By the preceding dispositions, the credits fir 18'3 are
tired at 1.118,823,1621.
5. The 'receipts are fixed at 1,123,436,992 f.
The difFerencat of 6.431,230 f. is assigned as foliose' !
To the Budget of 1825, 5.375,261 f.; to that of 1824. 55,060 f.
111.—PROJECT OF LA W.—Citafttrs, &c,
(Only Article.)
The following supplements are granted on the funds of the
Budget of 1824, beyond the credits fixed by the law of 10th May,
1823, to the amount of 34,1,60,737 f.
(Enumeration of the departments to which these Surplements
are granted.)
Given at the Tuilleries, Feb. 16,1815.
FREXCH FUNDS.—P RBIS, FEB. 16.-5 per Cents. 103 f. sse.;
Rank Stock, 1983 f. ; Rents de Naples, Falconnet Certificates,
8111. 90c. ; Rente d'Espagnes 18f. ; Royal Spanish Loan. 1823,
38—Exchange on London, I month, 23f. be. ; 3 months, 24f. 90c.
—Corer Autlientique, Feb. 16.

In allusion to a report that was in circulation, respecting
the state of the King of SFAIN's health, and in reference
to the advance that has lately taken place in Spanish
Bonds, we restated our.opinion, " that sooner or later tilt
loans of the Cortes must be recognised ;" and we sub-
sequently added, that frinii all appearances, we thought
the period " not very remote," when " those who have
held Spanish Bonds, through good report and through
evil report,' will enjoy the reward of their just and en-
lightened resolution." We !carnet) yesterday, upon gaod
authority, that the statements in the French Papers, as to
a negociation being now actually in progress between some
English capitalists and the Spanish Government, are not
without foundation. We can positively avouch the fact,
that Spanish Commissioners are at this moment treating
for a new loan, of which one of the priinary conditions
are, the recognition of the Constitutional Ponds, but the
rate at which they are to be received is as yet, we believe,
undecided. Another condition is that on which we in-
sisted yesterday, as essential to the admissibility of this
transaction on the English Stock Exchange, via.,
that no part of the proceeds shall be Wasted
in attempting to reconquer any portion of the
American continent. The recent advance of the Bonds
has been satisfactorily explained to us. They have
been purchased largely by some brokers, whose principals,
we suspect, are pretty deeply in the secret of the forthcom-
ing project. This scheme will, of course, be some time in
gestation. Spanish movements have never been very cele-
brated for their quickness, and we are sure that Fr ant-
NA ND and his present Ministry have much too great an ab-
horrence of all changes to depart from the ancient rule
which bears undisputed sway in the Peninsula among men
of all classes and parties: "poco poco." We extract the
following from the ['merrier Francais of Wednesday :
Mataittn, Fri. &
The Government waits with the greatest impatience for advice&
from London respecting the negociation of the loan, which M.
Ciorbea y itibecoba, one of our principal merchants, has been sent to
the spot to conduct. If this affair should not succeed, as we have
everyr eason to believe, nobody knows what is to become of ns. All
the colleagues of M. 'Lea load him with reproaches for having de-
clined the proposals made four months ago by Mr. Gregory, from a
London house, and flattering the King with the prospect of a better
arrangement. At that period we might have succeeded in a way
in which we cannot now. England had not then recognised the
new States of South America. it is consequently believed, that
whatever may be the issue of the transaction, to manage which
M. Gorbea has been sent to London, M. 'Lea ai:l not remain in the
Ministry ; and it is said that M. Baltasterus is, in that case, resolved
upon offering his resignation.

The proceedings in the House of Commons list night
were of great interest. Mr. Bitovo "ism brought forward
his motion to allow the Catholic Association to be !ward
by Counsel, and to give evidence at the bar against the
Bill for suppressing that anomalous and mischievous
body. The Honourable and Learned Gentleman con-
tended stoutly (and it would he illiberal to deny that
he performed his duty towards his clients with a vast
power of perverted ingenuity), that this Society, which
exists only by cheating the letter of the law, was entitled
to have its cause pleaded in like manner, as if an
interest, known to and recognised by the law, had been
attacked or endangered by some measure before Parlia-
ment. The speech he drew forth from Mr. Secretary
PEEL, in exposition of his absurd analogies anti hollow
sophistry, was, however, irresistible and unanswerable.
We never heard the Right Honourable Secretary deliver
himself more eloquently or forcibly. No answer could be
more complete in its logic, nor more triumphant in its re-
ference to the practice and usages of Parliament. The
motion was rejected by a majority of Members ; the
Minority amounting to only 59 !

The public are greatly indebted to Lord I.owrm ea for
the earnest and able manner in which he has taken up the
subject of the TcaNtliit Tints, and for the strong state-
ment of facts which he brought forward to the House,
and obtained the appointment of a Committee to inquire
into the receipts, management, and expenditure of the
different Turnpike Trusts within ten miles of the metro-
polis. This important subject has long called for investi-
gation, and we rejoice at the prospect of its being examined
and probed to the bottom. The wasteful abil corrupt ex-
penditure of the immense sums annually levied on the
public, under the present system of management, will be
fully developed, and the disclosure will not fail to be pro-
ductive of the most beneficial results. His Lordship stated,
among other facts which he forcibly impressed on the
House, as enforcing npon them the duty of investigation,
that—
" On on. road, at a distance of about three miles and a half north
of London, of which that called the City..road formed a part, there
were no less than three Acts of Parliament, three sets of trustees.
and three establishments, each containing a full complement ot
treasurers, secretaries, clerks, surveyors, sub surveyors, inspectors,
and all the variety of other names under which these trusts contrive
to secure to themsel►es the Monica which Acts of Parliament, as
they at present stand, throw into their hands. Indeed, he thought
he wottlel not go beyond the truth, If he asserted that one•h.lf of all
the sums collected in this manner passed into the pockets of those
officers, in the shape of salaries and perquisites."

We have no doubt, from the praiseworthy Ical expressed
by Lord Lovrrn Ea, to put an effectual check to the extensive
impositions practised under the present mode of promeding,
that this most desirable end will be obtained, and thaesuch
regulations will be recommended to Parliament as will put
a stop for the future to this long-existing cause of com-
plaint.
The 'entire want of all effective superintendence and
oontrol over ibis department of taxation. anis most serious
ace it is, has for many years past been felt Ind acknow.