The British Press; or, Morning Literary Advertiser.
London, England, 1803-06-14 00:00:00

the business of the Loanorctlld being back nothing
less than the olive branch to the city, that the Loan
would be postponed, and the Budget was to undergo
a modification. All these light visions, however, va-
nished, upon the return of the Loan Ambassadors
to the city, with the doleful account that the bargain
was concluded, and the Budget was to be brought
cut. The following is the substance of their ac-
count. At ten o'clock in the morning they waited
upon the Minister, at his house in Downing.street,
when the biddings were immediately presented as
thus :

I. a. d. •
t.r. and Mr. SOIEWELL 0 6 5 Long .‘nn.
)11.0i1411:01 :111.1 CO. - - 0 8 4 Ditto.
BARING and Co. - - 0 g 4 Ditto.
The 13,orRaas - - - - - 012 Ditto.
Thr FACM ANC C - - - 0 3 Ditto.

Messr. ESDAILE and SHEWELL, of course, had
the Loan.

The other Lists, it is supposed, had united, viz.
Messrs. (;OLIDSMIDS and Co. and BAK►no and Co.
as their offer xvas the same and the Bankers and
the Stock Exchange had joined t:r_ir Lists.

The rate at which the Funds were taken was
thus :

For every Inni. adcaneed, 801.:5 per Cent. Cons3l., 1. s. d.
Which, at 53z, the marls:A price of the d.ry, .s.. 46 14 0
$Ol. 3 per cent. Reduced Coniols, which, at ditto,

amount to dato,

Lon: A ,Inuitirg,
Which, with the yalti.! discount, makes a tol-

5 V 0

nu, to the zwtractlri upon every 1001. of ..... 1 6 6
As soon, however, as these terms were known,
they were considered so favourable that the Ornnium
bcre a premium of between a half and one per cent. ;
but, in a very short time the prices declined, and the
Omnium, instead of bearing a premium,was sold out,
during the remainder of the day, at the follow-
ing discounts, 1,1, g, and i, at which it left off.
This depreciation arose, we understand, in a great
measure, from a p7..:valent opinion that a great
quantity of the Onmium would be immediately
brought to market.

For the new Taxes we must refer our Readers to
our report of the Budget. We had a right to ex-
peal that they would be very heavy. A mclica-
tion of the Income Tax, at five per cent. is among
the number of new duties. Upon this tax, Mr. I
AnniN oroN says, I mist make a distialion be-
tween that species of property, the value of which,
to the owner, does in no degree depend on skill, ta-
lents, and industry, and that species of property,
Ns-Lich wholly depends upon personal industry and
exertions. Under the first head, I include land and
funded property. They must be relieved from
disclosure ; but all persons c.trrying on trade, en-
gaged in professions, or living by personal exer-
tions, must be brought under the inspenion of com-
missioners. We do not complain of this tax, be.
cause no tax can be called severe in the present
crisis; but, we fear, that we must complain of it,
if it is to be held out to the public as an ameliora-
tion of the original Income Tax. Upon this sub.
iect, however, we must defer any observations until
a future opportunity.

Mr. PITT was in the House during the whole
statement of the Budget, and took very fall notes.
Though he was frequently alluded to, he did not,
however, interfere, or make any answer. His silence,
we understand, was in consequence of a mutual un-
derstanding, that the vote for the question should
pass unanimously, and that the debate should be re-
served for the detail. We believe that Mr. PITT
means to oppose not only the detail, but the princi-
ple, at some future stage.
In our last page will be found the Bill for Arming
the Country. The plan embraces all maks between
the age of 50 and tiO capable of bearing arms.
The reports respecting the occupation of Hanover,
Bremen, and Humburgh, are still various and con-
tradictory. The private accounts, cf the 3d inst.
represent the two former places in the occupation of
thc French troops.

Yesterday, her M hirir and the Princesses
Aucusra, EtizA and MAK v, attended by
the Countesses of Cu a-ru A,t and AY L (SUR Y, and
Lady ISABELLA W Y NNE, tool; an airing by Tap-
low, and returned thy Burnham to the Lodge,
about one o'clock.
The Princesses SOPHIA and AMEL r A, attended
by Lady 'MATILDA WIN Y ARP and Lady PITT, Sir
WILLIAM PITT, and Generals GARTH and SP 0,-
CER, took an airing in Windsor Great Park.
Yesterday morning, the I irh regiment of Light
Dragoons marched from Windsor to Twickenham,
and the adjoining villages.
One of the Semtaries belonging to the French
F.mbassy was sent nut of this country on Saturday.
ire was accompanied to Dover by a Messenger, and
embarked on board the Express packet.
On Saturday the CHANCELLOR of the Excitt-
oueit sent a Message to the Stock Exchange, an-
nouncing to the Gentlemen who intend proposing for
the Loan, that he should only require Eleven Mil-
lions instead of Twelve, the sum he stated to them
on Friday, meaning to raise One Million in Ireland.
Admiral G. Mo NT woue is removed from the
command at Plymouth to be Commander in Chief
at Portsmouth ; and Admiral Lord GARDNER is
going to the Chief Command at Cork. The Dryad
frigate, Captain Gir WARD, is appointed to take his
Lordship to his station.
A Russian courier arrived in London on Satur-
day night, by the way of France, and brought dis-
patches from Petersbnrgli to Count Woaorizow.