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for each. The first iirns is one million to the East '
India Company. The House will recolleCt that
similar sum was voted for that pus pose last yrar,
and it is now proposed to advance another 1,000,000.
The next item is deficienor of Mal. Duty in 1804 L.540t000
Deficiency of Ways an.l Means in 1603 . 1,707,000
Interest on Exchequer Bills . . 1,600,1;00
st And here I would briefly explain this suhjeft of
Exchequer Bills. It never has been the price to
provide interest regularly for them, but I think it
desirable that such provision should be made, and
therefore have proposed the above sum.
nentitt sum wanted is to pay offthe 5 pet cents.
tol 1797, at the sth of April, 18;:6 • . L. 700,000
Ditto, 10th, October 500,000
Making together
And the whole separate charge, forming a total of 5,147,000
The total snippily will then tb. • . 48,916,000
From this is to be deducted, on account of !re-
load, 2-17ths of the above sum, malting . 5,137,522
Deduct also 2 17ths for Civil List, and other
charges . . . . 160,002
Making together
Which will leave the total supply for England L. 43,218,472
WAYS AND MEANS.
" I sow proceed to the Ways and Means to meet
the ntpplies. The first I shall mention is the
amount of the duties upon Malt and Personal Estates,
/which I estimate at 2,7so.oool.—Grants from pro-
ceeds of ships captured prior to the war, 1,000,0001.
With cespeCt to this any, the House will recoils&
that His Majesty has been pleased to grant this
um from his revenue, is aid of the public service ;
and, 1 have fat ther to observe, that it is his gracious
intention, that Ireland should have also the benefit
of it, in the proportion of two-seventeenths.—
The next is Lottery. 380,0081. The produce of
the Lottery last year was 3721,0001. and certainly I
feel justified in estimating it for the present year, at
the above-amount:
Surplus of Consolidated Fund, to the sth April,
11107 . • • . . . L 3,500,000
War Taxes . . . . . . 19000,000
But we must &duet from this, as the meant
likely to be eutatanding on le sth of April,
1607 . . . . . .
Leaving as the aetual produce of the War Taxes
within the present year 18 OOO,OOO
Loan fug England
Slaking a total of Ways and Menne for Eng-
land, of . . . . . . L. 41,636,000
TIIE LOAN.

es. The Loan which I have negociatbd amounts to
11,000,0001. for England, and '2,000,0001. for
Ireland ; and 1 hope the terms, which L shall ex-
plain to you, will give satisfaieioa. In this
Loan is to be included a sum of no less than
3,800,0001. to defray the deficiencies isi the
Ways and Means of the last year.
4. For the current service of the present year, only
11,200,0001. of the present Loan is required. Of
the wi which constitute these deficiencies, and
their net amount, it may be difficult to form any
precise idea. Without therefore pretending to an
aecurat- know'edge of what may be can/fly due on
account of the Subsidiary Treaties which we have
conc.aded wick some of the Continental Powers, 1
thinkl may fairly state it as follows :
lets diary Treaties . . . . . L 1,000,0*
D,llokowy of Laud and Malt . 340,000
Deticieoe. in other Ways and you's • 1,287,000
To pas off S per Ceuta. of 1797, at the sth M
Lod, 446 , . . 700,003
Mau, 10‘h of Wolper . . . . 500,0a0
Wixom on Exchequer Silk • • • 1,900,400
Malin in the chute, with other Item% a total
of . . • • • • • 5.1100.000
es Having thus stated the Way: and Means, I think
it necessary to enter into an explanation of the stews;
and fir,t, Sic, with rupee to the War axes. I have
dosuments in my hand to prove the correttness of
the statement which I have given, and from which
the House will sec, that the origi, al cause for the
adoption of these [AXIS, still exists fur their continu-
ance. It will be within the rccolleftion of the I louse,
that it was from the contemplation of the amount of
the national debt in I 79d. that the l{igbt Hon. Gen-
tleman, whom 1 have the honour to succeed, had re-
course to the principle of raising a considerable part
of the supplies within the year ; and, consequently,
a direet system of taxation. Sir, it is needless to
enter into a detail of these taxes, or of the grounds
upon which I propose the continuance of the Pro-
perty Tax. Looking to the magnitude of the na-
tional debt, 1 shall proceed to illustrate the advan-
tage of the war taxes, by stating their cleft upon it :
The Nafional Debt, on the sth February, 1793.
am-muted to . . . . . 1.227, 00,921
On the ft!, of Pebruare, 1803, it amounted to 48u.574,476
Saint at the rate of nit annual hicre..e of . 115.3.511,393
I tiara stated et, amount, oil the sth of February,
1803 . . . . . . 480 872,476
It amounted, on the sth of February, Ifio6, to 517,280,565
Being, upon the average of the three years,' an in-
crease of 1`2,236,0•-hil. a year during the present
war, that the annual increase of the national
debt, duri ig the last war, notwithstanding the lat-
ter years o' it had the aid of the War Taxes, was
snore than double of the annual increase during the
present, being in the pi-o°mm of twenty•five to
twelve. Therefore, Sir, its the confidence that the
House feels the necessity for continuing this system,
1 shall proceed ; and first, Sir, as to the—
PROPER ii TAX.
is Sir _My opinion upon this tax is not by any
means necessary. In the first place, the tax is es-
tablished. Ido not say that it is the most perfect
that can be conceived, but I have a right to state,
that it is, comparatively with the assessed taxes, the
most equitable and just in use. It is not only the
most fair and practicable, but, as I have already
stated, it has the great recommendation of being an
e.tablished tax. When we consider all the ma-
chiacry necessary to set a row tax in motion, and
make it produßive, I need no justification for hav-
ing recourse to those already in being, and which
have been found to answer their objed.
44 The Property tax I propose to carry to 101 pet
cent. I think this prcfer.ible to any progressive
step. or gradual addition. Gradual addition, in
such cases, alarms the people, who do not
know where it is to end ; whereas, coming at
once to the natural limit, is most agreeable to
the feelings, as h,inging with it something defi-
site. and leaving nothing farther to apprehend.—
I shall theittore state the Property 'lax at 101. per
coot. but the benefit which I propose does not stop
here. The source of many of the inconveniencies
of delay, (rand, and evasion, and that there has
Lest mach, no one. I believe will doubt, I hope will

•

be avnided. These inconveniencies of frauds and
delay have nista from the exemptions, in the pre-
sent mode of allowing them. These exemptions
were intended for the benefit of poor annuitants and
little tradesmen ; and feeling as I de, I would not
have moved to take away all these exemptions,
unless I felt confident that I should he able to make

an allowance for the persons affected by them, in a
more efficient and salutary way. It is proposed
that teu per cent. shall be levied upon all without
distinaion ; but that an authority shall be vested
in the tax officers, that upon the proddlion of the
deed of annuity, or other document of the title, in
all cases of income flora SOI. to 1001. a year, or

other ground of exemption, they shall make re-
payment to the party according to a certain scale of
abatement apportioned to the ma& amount of in.
come. I believe, Sir, it will not be necessary to go into
an argument for the exemption of small tradesmen
and annuitants. The ground of their claim is too
apparent to require an 7 illustration. But, Sir, there
are two other essential points which may be ex-
petted to render this tax more produaive. In the
first place, I have the satisfaaton to state, that
the Governor and Deputy Governor of the Bank,
have consented, at my reqaest, to receive the
tax upon the dividends due at the Bank, and in

addition to this, 1 expedl a considerable increase
from a new mode of assessment, by enabling the
Commissioners to assess lands and houses for two
years, and thereby avoiding the great inconveni-
ence of assessing them every year. Nor do I
imagine that any objedion, even in the most unfa-
vourable result, can be made to this course; because
although the proposed plan should be found ineffi-
cient to the purpose, it may be abandoned without
producing any inconvenience . By this means, I ex-
pel that the property tax will be made to yield five
millions a year, in addition to its present produce.
CUSTOMS AND EXCISE.
"Under this head, I expel to gain another addi-
tional 1,000,0001. ; and here, I have the satisfadion
to state, that while, by the Property Tax, I have
proposed to take so much from the general popula-
tion of the country, the remaining taxes, which I
have to propose, are such at will affed the higher
classes of society only. Under the head of Customs,
then, I propose to increase the War Duties
of the forty-third and forty-fourth of the King,
in the proportion of from one-fourth to one-third,
with an exception in favour of cotton, wool, and
wine. On sugar L propose to lay a duty of 101.
per cent. or three shilings per hundred weight.
Sugar is an article of a perishable nature, and
therefore not likely to be smuggled to any great ex-
tent. It will of course yield a fair and certain pro-
duce, and the whole increase of these additional
taxes, under the head of Customs, I estimate at
700,0(.01.
"Under the head of Excise, I propose a similar in-
censes upon Tobacco. The importation of this arti-
cle is very considerable; and I think I may estimate
the additional increase at 300,0001. making, with
the additional Property Tax, and the additional
duty oa Customs, in the whole, an addition to
the War Taxes, of 6.000,0001. Having thus stated
the Ways and Means, provided by War Taxes.,
at 19,500,0001. of which I can take credit only
for 18,000,0001. as the whole amount likely to
be produced within the year, and applicable to its
current services; the rest is to be provided for by a
Loan. I have concluded one this day, upon terms
of unprecedented advantage to the country; and,
from what has followed, I should hope, highly be-
neficial to the Contraffors.-
TIM LOAN.
The terms are, for every 1001. sterling, 1001.
three per cent. Consols. and 601. in the Reduced,
making an interest of 41. 19s. 7d. The amount of
the interest upon the stock thus created, with
charge of management, &c. is 1 ,136,1061. ; tor'
which annual charge provrdon is to be made. I
propose to provide accordingly in the following
manner:—First, I propose to make the wine duty
permanent. An intention to this effect was
expressed in the last Session, and I estimate its
produce at 500,0001 Secondly, I propose a
duty on pig iron. From the nature and quantity
cf this article, it was formerly considered a fair
subjeet of taxation, and from enquiries made at
the time the measure WAS in contemplation, the
quantity produced was estimated at 900,000 tons
since that period, however, it had considerably in-
creased. I propose to lay forty shillings on every
ton, the produce of which I estimate at 500,0001.
The third article will be more a regulation or
equalization of the duties upon tea. According to
the present system, tea sold tinder 2s. (id. per lb.
at the East India Company's sale, is exempted in
favour of the poorer classes. lf, in reality, the rib-
jeßs of this exemption derived a real benenefit from
it, it would be far from my intention to revoke it ;
but, in fag. it is well known that they derive
little or no advantage from it, nor does it 'fled
them ; for, whether from the artifice of the dealers
in tea, by mixing the finer sort with the coarse,
or by some other stratagem, no tea is sold at that
price, and the public is defrauded, while the lower
classes receive no benefit or relief from the exemp-
tion. The produce arising from this equalization, I
shall state at 70,0001. A foot th article which I pro.
pose, is a tax upon appraiscrn:nts. When the duty
upon auctions is so high, it appears reasonable that it
should be extended, in a certain degree, to appraise-
ments ; for appraisernent is a mode of ascertaining
the value of property, as well as auction, and there-
fore ought to pay in proportion. I therefore pro-
pose to tax appraiseinents at the rate of one
half of the audion duty, which I taped will pro-
duce a sum of 66,0001. making a total of 1,136,0001.
This sum is 1061. less than the sum to be provided
for. but this fraßional difference will be defrayed by
the farther proceeds from captured ships.
THE CIVIL
Before I sit down, there is one statement which I
think necessary to make. As I have risen with a
view to lay every thing conneded with the imme-
diate subjed, fully and fairly before the country, I
feel it incum'rent upon me to state, that the estimate
made of His Majesty's Civil List Revenue, has not
proved adequate to the expenditure; and. I am
extremely sorry to say. that the deficiency amount-
ed, on the first of January. to 1 is.ntsl. The
House will recoiled. that His Majesty has been
graciously pleased or give 1,000,0001, of the pro-
ceeds from captured ships, in aid of the public ser-
vice; bur, from whatever cause the deficiency may

have arisen, I have no doubt but that the House
will think it their duty to ptovide the most elTatu.ll
means that can be devised to make it good.
I shall now, Sir, for the Me of marking the
business more distinolly. and to avoid all error, en-
ter iuto a recapitulation of the Supply and Ways
and Means.
SUPPLIES, Mitch 18, 1806.
Navy . . Excluinve et thdtiai.ce Sel Ser-
vice
England
lrpland 18,500,000
`England including
Sea Service . :4911,000 4,718,000
( Ireland . . . 11107,00(1
England . . . 1,i00,61000 2,170,000
Miqeellaneous‘
land . . . 670,000
Arrears of Subsidies
41,60,000
Vote of Creed[ England • • • 1,4013,000 2 000 000
Ireland . . . 600.000 ,

Army . .

Ordnance .

Joint Charge England and Ireland L. 43,669,000
Add England's separate Charges.—
F.ast india Company . . . . 1,060,000
Deficiency Malt Duty 1804 . . J 40,000
I)tto Ways and Means 1805 . . 1,707,000
interest iin Exchequer Bills . . 1,000,000
'Fo pay nff 8 per Cents
1797, at Sits of April, 700,001
1806
Ditto Oct. 10 . .
1,200,000

Tata% Supplies . . . .
Deduct on account of Ireland, as below .

5,747,000

48.916,000
5,t97,f,21

On account of England

Deduct on account of Ireland,?
tt•t7ths o' the above suns ofc 5,197,53
♦ i,(169,0001
Deduct also 2-17ths for Civil Lest
160,000
and other Charges . . . .

L. 5,297028
WAYS AND MEANS.
Malt and Persooal Estate Maims
Grauts from Proceeds of Ships captured prior
to the War
Lottely . . . . .....
Surplus Consolidated Fund to April 5, 1E307 .
War Taxes
Deducts likely to be outstanding
1 500 rOO
at Apni 307
L 18,0(10,000
Loan

1,750,000
1,000,00
340,00
3,500,060

L 43,00,04

" After this recapitulation, I have to express my
sincere wish that I could follow up this statement,
by adding, that the burdens which I have proposed
to lay upon the people were light and easy. But 1
shall not state them so. While I state this opinion,
I do not think so ill of myself, or so meanly of my
country, as not to suppose that all these -burdens.
however great, will not be borne by the country with
all that fortitude which is the charatteristic of the
country, and forms its most distinguishing feature ;
and I feel gratified in stating, that if they do (Ind
them heavy, they will bear them with cheerfulness,
at the momentous crisis in which we are left, with
only our own means and our own strength to sur-
mount all difficulties and ensure our safety.
They look with confidence, as they ought, to the ter-
minatios► of the war. as the-extent of thetimedurin
which they are to bear these hardens; but that
which must inspire them with still more zeal, is the
confident assurance they feel, that tbe supplies which
they afford will be applied to the purposes for which
they were intended, and managed with economy.
I believe they have that feeling, that, if ever there
were men committed to those principles of econonif
and integrity, they are the men now in power ; and
that if they deviate from those principles of tali-
tude, they will carry away with them from office
nothing but shame and disgrace ; and this I say, not
only from the charaCter of the men, but from the
means recently established for the prevention of
abuses, and which did not exist in the time of their
predecessors. To the advantages arising from the
naval enquiry, are to be added those which
will be also derived from the Commissioners of
military enquiry ; and when I state that Ministers
will be always ready to adopt their suggestions with
a view to economy, I think I state a strong ground
for public confidence. Upon this subject I can add,
that steps are now taking in the West Indies to reco-
ver losses sustaifted by the public in that quarter,
and to prevent that system of fraud and pecula-
tion from which they have arisen. —ln stating
all these things, 1 do nen claim any extraordi-
nary praise. It is only stating that His Ma-
jesty's Ministers will do their duty ; but, I must
add, that on this account the burdens will be borne
with more cheerfulness than ever. In the state-
ment which I have made, there is nothing that
requires concealment. publicity is all our
financial affairs I hope we shall always •have re-
course. It is the source of our success and
our prosperity. An old Roman moralist wished to
build a house, the inmost recesses of which should
he visible to the eye of the passenger. This princi-
ple peculiarly applies to our financial system. if
time be any ohjeCt more near to my heart than
another, it is publicity in oar financial *fain, nod
as such I shall ever continue to recommend it."

The Right Hon. Member concluded with mov-
ing his first Resolution.
Mr. FRANCIS said, the Noble Lord had his
thetas end acknowledgments for the labour and
abilities with which he brought lot ward so luminous
and perspicuous a statement ; but what he rose for
was, to observe upon two passages in his speech, one
of which he heard with satisfatlion, and the other
with regret. 'that which he heard with pleasure was
that the Bank et England had agreed to receive the
Income Tax, upon the payments tnade to Annui-
tants and Stockholders, at the Bank, which he was
now the more pleased with, as he understood it to
be an accommodation which was denied to a for-
mer Administration. That which he viewed with
regret was, tike sudden and great increase in the
Property Tax, which he was convinced would er•
cite considerable distress and dissatisfaCtion through•
out the country. He could by no means agree with
the Noble Lord, that this measure would be more ',a-
6:fat:tory to the people, than if the increase were gra-
dual; on the contrary, he was decidedly of opinion,
that a gradual augmentation of it up to 131 per cent.
from Atiwhich at was now, would be less felt and
less burthensome, than doubling it at once, as ap-
peared on 0.., lace of it. Surely at was a bad 7? rgu-
meat to say, that doubling a sax widuld prove Lame

. .

grateful to the people than an addition 14.4 made
to it. Besides, he would ask the roil. Lied l,aar
this olnubling, at present, would secure u. item a
gt aduAl increase of it hereafter ?-
Lord H. PETTY replied, that the Goveinnrs of
the Bank of England very considerately consented
to this arrang-ment, at present, in conseque..ce of
the tmmerous evasions which they saw praftised
udder the former syo .m. As to the other topic
alluded to by the Noble Lord, he had only to repeat
what he said before, that he thrught it would he
better for the public to know the worst at once, than
to he under any uncertainty about it.
Mr. ROSE said, he did not mean to Mliiw the
Noble Lord thr-ough any of his statements, nor dod
he feel any soutia objeaion to them generally,
though there were sone, on which he should here-
after offer some observations. It was nor, indeed,
his intention to have said any thing on the ple•ent
occasion, had he not been provoked to it by what
ftll horn the Noble Lord towards the close of his
speech, where, not contented with making an cc.
logium on himself and his colleague*, to which hoe
for one, should not have the least otitaioro, he took
occasion to piiss an unmerited censure on the lan's
Administration, as if they allowed frau Is and p •
culations, perennially, as he termed it, to be poe-
tised in the West-Inthes. With respoet to tho
subjea, he stilted, that he was himself the first vrhe
deterled and "represerted those frauds and peculiei
hops to the then Administration ; the consequence
of which was, th it an Aa of Parliament o as passeot.
appointing Commissioners to inquire into and
report until the abosits. •Che Commissioners petfot rn-
ed their duty, and made a very voluminous teciiit,
pointing out r.ot only the depredations, but the pet.
s Ins by whom they were committed. His Majesty's
Ministers, in older to punish the offenders, and
compel them to re-fund their fmudulent gains, laid
the report before the law officers of the Cro:v.io ;
and, as these gentlemen were now present in tle
House, he would leave it to them to explain why the
offenders were not brought to justice. What he
contended for, therefore, was, that the gentlemen
on the other side, had no right to assume all his
merit to themselves, as the industry of the late
ministration in the d..xecti.m of abuses. was, at lea.t,
equal tit theirs. As little right hail they to assure,
that the national account; were now made more
public than they were before. His valued
now, unfortunately for his country, no mote, vas
the first who began this sytstem of sad
never departed from it at any period of his life
He repeated, that he had only said thus much, be.
cause he fel: himself provoked to do it. As to the
taxes, he did not altogether approve of them;
he had considerable doubts how the iron p.a.:, s add
bear a dimenition of the drawback of
cut of four. That manufafture had lately tillers
away one half. The finer parr was aatielly tallest
almost to nothing ; and the silk trade WAS in the same
situation.
Lord HENRY PETTY replied. that if he
meant to charge the late A dmi i str at ioin id%
negleft, he should have named them. lleI: .d oily
stated the faits, and the .intention to co• t 'ha
abuses; but he imputed no blame to His Majesty's
late Ministers, and, least of all, to a R•ght Hoo.
Gentleman, deceased, whom he always wished:to
speak of with respea. He certainly load a right to
mention these frauds, as they were not cot: toted
yet • and, as to any attempts or tploceesting4 at
might have heretofore been taken for that. purpose,
he had not yet had time to look into chem.
Mr. ROSE replied,. th it, as to the f. of pro-
ceedings haring been taken, he only asked the N.,
ble Lord to give credit to the A& of Parliamere,
and not to him.
Lord H PETTY said, that, he that as it may.

tlw fraud, still existed. With respe& to the ch,t.;e
orhis having made an eulogiiim nn • im,elf, ;aid,
that if so, that eulogium only consisted of the ne-
cessity he stated for economy, and of the intention
of himself and his colleagues to observe it.
Mr. PERCIVA I. said, he should have b glad
it the topic which called up his Right Hon.
Friend (Mr. Rose) had been altoge,her excluded
from the debate. If the charge against the We
Administration were not dire Sly made, it WAS pistil
plainly insinutated ; fur the Noble Lird stated Ant
determination to apply to the coiredion of abuses. .
as grounds to induce the public to b'sr she bur-
dens now imposed upon them, more cheerfully
than they did before ; as if that were exclusively his
own, which was only following what was done by
his predecessor. Ihe Noble Lord, however, would
find in his office, the voluminous rep, sot the Coal-
missioners, sogether with the rehaences of them to
the Law Officers of the Crown. and it onw bee-04
his duty, as one of those law officers, to explain
prosecutions were not instituted. The reason
that though the Report contained a great variety er
frauds, they were d, scribed in so loose and va?ae
manner, that he could not engraft from them that
legal evidence, which lie thought would be veer
sary to convia the offenders. He was Oil, bos.ever•
to find, that proceedings were now institet d againt
them, and lie heartily wished the Prosecutors success.
He agreed,. that the atistemeat of the Noble. Lord
was clear and luminous, and he was col! laying a
ground for future argument, in stating, that this
method of voting several millions of Ways 04
Means, beyond what hitherto appeared to be die
supplies of tho year, was highly objeetioitable ; and
in that he believed the Right Hun. Secretary of
State (Mr. Fox) would agree with him. Thera*
rat spirit and objen of the statement, had his highest
approbation ; and he wished only to add, that as as
was convinced many and great difficulties ssoud
occur, as to doing away the exemptions with IT'
Spa to the property tax, the Noble Lord should be
welcome to any assistance, towards removing td rr
difficulties, which it might be in his power to affoia
him. He was pleased with the general view ot tho
plan ; because it brought the measure nearer to it,
original shape, in which he had a share. donng the
Administration- of a Noble friend of his, now 3
Member of the other House. He said. he Icirv34.
that great difficulties would arise in settling the la,
upon appraisements, from the experience he had I
the great difficulty there was now, in preventing
evasions of the Aultion Duty, which was a
he would strongly advise the Noble Lord to at")
to.
Lord H. PETIT repeated the statements h. "
fore made of estimates of the Supply and Way-
Means. to chew that the Litter did not excec,