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London, England, 1825-03-01 00:00:00

tea., and he wished much that some memoir should be adopted
kebab regard. lie had heard a amain high legal personage was
,nienne to introduce • MR se rtgolate Joint Stock tompanios ; he
had "heard the Bill was to be what was called • Rubble Rill.
. Member that was atoning or eat he did not know, but it was be-
t biro be expected some meaare of the sort he retrained from ad-
: • fie
to the subject beam; at the same time Ire must deelsee,
that did not see ell the danger which some Hon. li.ortler•-!en
tikended from the new Companies; and he was sure any Bill re-
fteiricg the amount of the milleaription to be paid up on the forms-1
des of the Company, would be attended with bad consequences,
ill would have ;he .fee of obstructing • great deal of useful ad-
egagare. (Hear. hear.) He wished his Right Hon. Friend oppo-
dm (Mr. Huskisson) hell made up his mind as to what course to
=be was sure that if be examined the matter, be would do
Mg to satisfy the House sod the country.
itfZ.anusKissom understood himself to be called to give his
• in his °Mehl] rapacity, es president of the Board of Trade.
surely must be rcey.digcuit for him to asetrtain the merit of
Me several companies, and an know which were of sufficient stabi-
iaty to entitle them to ; it was impassible far him to ex-
pow himself more decidiny on the subject than he didla.st session.
If any of them asked foe an Act of Parliament to limit their peen.
ahoy liability, it would meet with his most decided opposition;
bet when they merely payed th form •rompany, without claiming
a ey muds-elm wieder* mot other companies, when they only
• • mihed far perrnission to em end be sued, he confessed he saw no
reel objection to their prayer. He was at • loss to see how the
poiorK could be Wooed bf their being allowed to sue.and be sued ;
• . be had no powers of. mint (wee of Weikel that could enable him
•• , =an the apt t.Moo atto,,Mad to discover which wore
and which SOIL Ibiliublic, were most interested, ought
ignecertain that (hews' in his opinhotought to be raorecautious
then hitherto they hey beet ( Hen, hear.)
M. MIME thgegilit it sea quite right to meddle with these
• awed. wttast they
_asked no more than lease to sue and be
tvaraa inaresdble for the House to decide which were those
fleeted to.greetelearidit, or ihich were moat likely to succeed.
Wbq for inmenee. Trail have thought the*Waterloo Bridge Com.
play was a &Wien t It was thought a project thot would probably
Ives out to ; and yet he understool it brought complete
ruin on all Sol emmeeted With it., ft was not altogether
X: m rnthvow matey co piny ; and while they asked no
halerdBaMiawaniffuerredniierby hthtenetßhisiti
hb:fworoge
itdhenoHtoutcesaise, he
to. t Ram
The Bill_wee seed a seeped time.
AO. Ss WOSTL Y obtained leave to bring in • Bill for the
hem llitt pi hm. of the any of Fork.
eigenWorn illentlekuill brought up several private Bill.,
Millallwits a Prat and second tine ; but from the noise in the
we were unable to collect their purport.
r. W. 8 obtained leave to bring in a Bill fie the better
• lighthig itotlyeebig the elty of Norwich.
Hr. LOCRHART presented a petition from Oxford for the re-
p& of the House sad Window Tax.
Mr. NEWMAN presented a petition from Iktheal-treeen to
the tame purport_
Mr. HOBHOUSE, in p tiny a petition from St. Martin's-
lottleadields for the repeal of the House and Window Tax, took
• itelhelee to observe, that although this petition had been signed in
• lig mime of two or these hours, yet that it contained the names of
every householder in the parish except six—so general was the
lie log against that tax from which they prayed relief. Asa proof
the Maven produced by its continuance, he instanced the pariah
• . ht. And which, out of 1400 inhabited and rateable houses,
it
ntosityloi:ocotwhfuogrer:fiCsiing7 ,
the first proofs ,
1 4:::"ETtlrErzhi.
,thlithltoasbaretai!etiontintlsigensmofTwdenceWwhesieitZponaintihrsletetuaruhnonewdfharedadiniatsonmddboiorstiht
1111nrAVIRLY took this opportunity to caution the Hama 1
merehrst giving ha content to any Resolutions which might he brought
forward lay the Chancellor of the Exchequer to-night, because they
might phtigelheetoelres to the support of measures which they
ortght hemalher see reason to disapprove. That Right Hon.
Oentlemsh haltairomised the reduction of taxes to the amount of
1,1110.010111.., and he urged them to see the Resolutions printed be
footling ammeted to their passing.Thii polio was then laid upon the table, and ordered to be
primed.
Aldemeirs WOOD presented a petition from the inhabitants of
the loamy of lloweghan „against that Bill, which, lie reretted,
bad theedy peneed Ms Hoarse—the Bill for putting dawn the Ca-
tholic Aleedstile. Title. petition might, in point 01l order, be
3:ll:&seek weber eiehlte ; but he trusted it would not be re-
-0 that accent., when we Lad refused to hear theca by
CoMett e ' - -s' the
- this petition estab.
have the advantage
to present upon a
nothing unusual in

I

improbable that
into consideration ;SI
and ordered to in
Ipswich for the repeal at

a from Greenwich,
petitioners, he soid,
which had not hitherto

assepunenis, which pressed
"--- repesied.—Ordered

an/ ir r UPON COAL.
Aber presented a petition from the NW
aidiailety upon Sea-boeae Coal.
. • peasant:ad a petition from the City of London
the lob
Mr. " OOD took eccaslon to press this subject upon
if the Chancellor of die Exchequer. I that Right
Weald take off the duty upon small coal, he on-
. diet upwards of 750,000 chaldron of small cools, which
millitlpawa away as useless now, would, by that repeal, be brought
no resift for the consumption of the poor. It had been, he knew,
Objected, that, In that case, these small coal would be used as a
mixture with larger, and that they. would therefore be defrauded of
the duty open the larger by that mixture; but he contended, that it
wcnikl still require the same quantity of large coal if the smell are
sifted upoo the ,p, and that therefore the fears upon that subject
were ifhfounded.
The Petition was then laid upon the table, and ordered to he
printed.
Colonel WOODmoved for a Return of all papers and documents
cossessed with the improvement of the road to Milford Haven.
rtMliwed.
CATHOLIC ASSOCIATION.
Mr. HART DAVIS presented a petition from the parish of St
7r7a.-y, Are/cliff, Bristol, in favour of the Bill to put down the
•,:atholic Association. The Honourable Gentleman said this Peu-
tiee, although from a parish not one of the largest in Bristol, had
100 eignaturee.
Sir RONALD FERGITSSON said, that although from a part of
the kingdom where the religion of the people differed even mote
widely than the Protestant from the tenets of the Catholics, still, he
was happy tory, that whether from the superiority of their educa-
tion, from their possessing a body of clergymen who made it their
pram*e as well as their profession to do good--or
than aH from the absence of a certain claw of
distinguished by their lawn sleeves in thin coo-
more free.'
and he be'
payed f
The

The Honourable Member aphssed his eoncurrer.ee in these Senn•
menu.—Ordered to be printed.

WAYS AND MEANS—TILE BUDGET.
On the Rouse having resolved itself into a Committee of Ways
and Means,
The CHANCELLOR of the EXCHEQUER rose and ad-
dressed the Chairman to the following effect:—Although, Sir, I can-
not forbear to offer mycoogratulations to this House upon the favour-
able auspices under which I rise to call its attention to the financial
state of the country, yet I beg them to believe that I do not say
so from any wish to wake a flourish, or from any desire that they
should indulge unreasonable exultation for the past, or anticipate
extravagant advantages for the future. Although, Sir, I have no
such purpose, yet I know that there are many persons in this coun-
try, as well as in others, who, either jealous of the prosperity they
see us enjoy, or ignorant of the causes upon which it- is founded,
think we have arrived at this height by a dangerous path--
- " Numerate parahat
Estelle turns tabulate, node altior esset
Cetus et impulse preeeps immane ruin* ;"
and that we will pursue it at great peril. Although, Sir, there may
be persons who are disposed to take thig, view of our situation, yet
I would trust that upon a calm and dispassionate consideration of
the edifice of our greatness, it will be found there is nothing unsound
in its foundation, artificial in its superstructure, or flimsy in its
proportions; but that we may safely boast in future both of its
harmony and solidity ; and that no one can look dispassionately
and philosophically at our present condition, without seeing
plainly and legibly that we have not only consolidated out own
resource', but promoted the happiness of the civilised world.
I wish to keep this coneideration iu view in the course of what it
will this evening be my duty to state. I shall now proceed to
call the attention of the Committee io the immediate object we hare
to discuss; and in doing so, it is my desire, in the first place, to
bring under notice a comparison of the amount of pctual revenue of
the year passed, and of tha estimate I formed at the commencement
of last Session. In that estimate I pssumed, that at the expiration
of the year 1824, the surplus revenue would be about 1,060,000/.
Acting on that assumption, and carrying our views forward In the
end of 1827, the House proemided to effect a considerable reduction
of taxation, amounting in the whole to 1,260,0001. ; and, according
to the estimate which I then took the liberty to present, I calculated
that of that sum at least one half would be altogether lost to the
revenue. If, therefore, there be a surplus, at the end of 1821,
exceeding 1,400,0001. instead of 1.060,0801. as I originally esti-
mated, not only will my hopes he realised, and the expectations I
held out to the country entirely fulfilled, but a result will have been
obtained far more favourable than any I had the confidence to anti.
cipate. I have then the satisfaction to state, that notirithstanding
the reductions that were made, notwithstanding the foss sustained
by the revenue, and which turned out to be more considerable in
operating the reduction than I had anticipated, in consequence of
the charge for duties remitted on the stock bought previous to the
reduction, the actual net surplus revenue for the year. after applying
6,150,0001. to the reduction of the debt, t7u no less than 1,437,0001.
• (Cheers.) This sum exceeds not only that which would have been
sofficient to have realised my anticipations, but that which would
htve been the surplus if no reduction whatever had taken place.
I (Chars.) The Committee will pardon me if I now solicit their at-
' tention in detail to the several items of the revenue, and to some
claims which were connected with one particular and principal
branch. At the commencement of lest year I estimated that the

produce of the Oustoms duties would be 11.310.0001. Of those
duties no less than 960,0001. were repealed in the course of tbat
year. The loss sustained by that branch of the revenue was fully
equal to the reduction ; indeed I rather think it exceeded the whole
amount repealed, because it happened, that, in order to give greater
facilities to the improvement of the silk trade, an allowance was
made for the stock on band to the amount of 460.0001. and if that suns
be added to the actual diminution, I shall be found to have been cor-
rect. At all events, supposing that particular demand not to have
taken place, and the loss to the revenue to have been simply hat( the
amount of the duties repealed. namely 4141,1111 K any eseicntfe would
have been perfectly realised, if the Columns had produced
11,0;0,000/. In point of fact, however, notwithstanding the drain
from these two causes, the actual produce during the year 11124 was
11.327.0001. The total result cor.siderably exceeds that which
would have been necessary to realise my estimates; and the fair in-
ference is, that the excess would have been still greater if the sun:
of 460,0001. had not been repaid, in order to give activity to the
measures adopted with relation to the silk trade. The question
that naturally occurs on ascertaining this result is, what are the
circumstances that have led to this greatincrease ? The proximate
cause undoubtedly is, the greater capacity of consumption of all
articles of foreign produce, arising from the greater ease and pros-
perity of all classes of the community. The increase was also
partly occasioned by the greater capacity of foreign nations to con.
some our produce, as we offer them the means to bring theirs into
our market. (Ilear, hear, hear.) The growth of our commerce is
oat to be considered as an accidental circumstance peculiar to one
year, or even to this country compared with others. No : it rats on
principles independent of all casual and fleeting event, and Is, I
may say, rooted deeply in the nature of society itself. The natural
tendency of theatream of population will account, in some measure,
for the great commercial intercourse now subsisting between nation
and nation ; but there is a more powerful and obvious principle in
the very constitution of humsn society, that leads one nation to open
its arms to others, to foster new connexions, to create new wants, to
gratify new desires, and, by the benevolence of Providence,
to contribute to the general beneit of all mankind. ( Lond and
continued cheers.) It may be impeded by war ; it may be
diverted by accidents from its natural channels ; it may be,
and we are ourselves an example of the fact, thwarted by the
folly of injudicious legislation. But it is always in progress. Its
irrepressible tendency is to make its way through the world, and
. . .
se it visits. (Cheers.)
ibuted to any fortuitous
• shaken. There can
when we take into
at work with
these
, when I
result of
of eausea
increasing in power.
(Hear, hear.)
the prvst ace of
as the basis
three years to come.
I beg to call the attention of the Corn.

• Ceennei et the bar ei-K Bows.
A lilerber ebeiltelt, Obit as the rereption of ti
istielerit, lillbildebbell a be trusted he abould hl
of it in re. Midi bo would take leave
. .
' lilt Ain. obeerend. that there was tic
• 41Iae 0 sod 'pesitions.
WOOD amid. k was not at all im
ellen tole bate to take the meagure Into
be maned to them from another place.
- . fetich* was then lud upon Me table, a
._..iketlOCHippepeated a petition from Ipswie
•SI Remo end Witstow Tax.
• T. 4,,i WON prormated a similar pl
1.11, • .
si. VIA • •• r L presented a petit ion
Assessed Tame+. Toe pc'
• 1 . bootee were now rateal whic
that these an:rumen,
6
IN )7"-- lia=might be altogether re
~.*
_ _,' DUTY UPON COAL

w,
► _
hut he must say that the tables we now turned. It was the
Protestant who was Intolerant, not the Catholic. (Loud Win of
heart bear.),
Petition h id upon the table' and ordered to Fe printed.
Mr. W. %% IS presented a petition froin Swansea, for the ra-
[peal of the Hatew and Window Tax.
Sir E. HARVEY presented a petition from the Archdeacon and.
Mergy of the Archdeaennry of Colchester, expraming.it to be their
opinion that the House had already gone far enough to iu C 0041111.-
sions to the Catholic.; and praying them to pant no more. (Hear.)