The British Press; or, Morning Literary Advertiser.
London, England, 1809-06-14 00:00:00

Mr. Howoaati, in pursuance of his uotice,
moved, That this House shalt, early to the next
Session of Parliament, take into consalerition the '
expydiency of diveontinaing, from and after t Ise sth
of Slaty, 18 tO, that part of the ,Act of the 4titis vii
the King, which prorits for the exemption of divi-
dends and annuities .me uu tends belunging to
Foreigners, tint subjects of His AV,litevt nor
rev l rut in Great Britain, or any of His Ma-
jesty's dominions, front payment of thse•Pioperty
Tax, dosing the time their stock continuer in said
funds. In submitting this Resolution to the
House, the Honourahle Gentleman adverted to
the tosses and the abuses to which this exeusistioil
leads. Were it done away, there would be a saving
to the country of a sum hetweeii 60,0001. mud'
70,0001. per alumni. The interest w such funds
belonging to form:piers stirred was pied le specie,
cud not in the mainitactures of the country ; and
this specie was split mimed, instead of bring
spent within Ilia Majesty's dnul,uions, There
ought to be no distinction bet _Wer.lll,l alien 1'0N1.11,14
Isere, mid a fcheignec residing a• to hi, ,-
tiuu for tom 6k. any exiviiiiitioa as to the iI, !Yr,
was only Mbslslltig OW enemies, anti
the people of this country with additional ir.il
ilecessary taxation. It liad been suit das reit-am
for sitiskiiig some distiection, that those foreigners ,
who held stock in our funds were not repres.aneds
.1,1 therefore ought not to be taxed ; but lie
thought they were sufficiently represente!, and
ought to pay equally won others for the security
afforded theta. Ile should not propose to take ,
au/ immediate steps to do away this eariajitioss,
as he thought it would be but ji,st to give these A
foreigners timely notice of what Parliiiiiient iii-
tesidl to 'Limit, leaving tt to their optima to cuss-
Suit their oa 0 convenience.
The inotioo sties then proposed from the Ch sir,
mad secundial by Sir T. TKIITON.
Mr. BAKING considered the doing away the ex-
emption could be stone the reverse of ben%
It would be a violation of the faith of the
country, were they to discontinue spewing tat
teisileruess nuts sliewn to io eigu stock-holders.
There email doubt it might prove for our
interest in 64V10g ensile taxatiun to the country,
bat this was 01 all others the most impropee mode
add tour to depreeinte the exehringt between this
country owl the emitinent, by imbuing foreiguers
to withdraw tbeir property. The saving that aught
br erected could not be at all compared with iliv
beneficial conseareasees of keeping up our character !
'toast' the continent of Eirope lit the present too- •
'neut. Kf tiny thing were to be done at all,(wines
hr 'mould argae as being improper and solid "as-
*sr)). It iiiight to be done insmerliately , add not
ptef,roited till nest session.
Sir Tnoats Turroo spoke in favour of the
'notion.
Mr. Dame GIDDY approved of biking the pro-
perty of foreigners residing in tier country, es they
owed allegiance to our Gower ~,,, ent ; Imo this not
being the ease with chose abroad, it would be a di-
rect violation of our good frith, towurils thesis' to do
assay toe exenipti tttt s existiugs Ile should owns
that if we were sit a disastrous situation, as a
ship In a storm, is part of foreigu property
be sacrificed fur our saltatiou, as wet us that be-
lutiging to our subjects.
Mr. FULLER argued,- that as we were Amid:
much burdened with texts, tont as ne were put to
II great expense hi supporting our et ob Lied al
foreigners ‘v lel put then money Into our funds,
as the ',dist place iu the world, shuuld pay for the
security afforded them.
Mr. HAWKINS ISnowee thought no emergency
whish.ver could justify a br..:ach of public faith with
foreigners.
Tile CIIANCCI.I.Oa of the Excntattso opposed
the motes'', as not heiho stiff:tient to ailverre the
obit' t that should be in vireo. The nofice proposed
by this motion :o be given to foreign stoele.holders
was not sulhoent, and it would be only giving ell
Opinion, before thellouse were prepared lc act upon
it. Although both the pelicy, and the justice of the
measure 'night her ar4ued in its support, yet, as it
was ItllpOeslole tot: to ally ilethisti ttttt resolution,
or opinion, of whit ought to he slum, of this late
period of the Session, he thought it would be better
Out to pledge the House upon the subject.
Mr. TIERNEY thought there. could be no injus.
lice whatever in putting foreigners upon the saute
looting with Eughshineis ' • or at least to say, that, at
Nettle diStallt (lily, all Nitre purcheses by he.
Overt. into our funds should bens:We liable to the
payment of tax itiini. 'fins last sonde would
twenty he the most salvisuble, bemuse this quesron
htiil been elisen.seil tire or six times, and always
!Oren in firour,ol foreigners; and if ore were now
to inipaie a to%/llioll of lit per tent. upon them,
1 after leaving refo-ssi to tax them with 3 per rent.
mod It 11,,, rent. it might appear that we were so-
tasted b, the proportion of the fiuin to he rtweived,
iritd hut merely accooliug to tbE justice of the emir.
ei—To do away the exemption now would inflict
hardship upon many old iwople on the Continent,
*tie 'sere entirely dependent upon their property
fly oar funds; it would compel theirs to sell out
it a diselraistage, mod lower then the rate et which
they had bought ult.
Mr. Deter did two see any breech of good faith
in texiog foreigners in $b some manner uu the pro.
pie of this ei ttttt tre, holding property in the fund.,
ar tilt-y did not put to sneer money out of favour,
but were bent:fitting therneelres by the security ob-
tained.
lr. Toonovots thought there would he great
eonOedon by melting coy new regulation have
re,rooltYttite view, es this property of foreigners
tinght lie transient-61 to others.
M(. llowcorru in re-ply, observed; that as the
pr•ne irinl 4,birett.m sigtunq the ineevereseented to be
the violafact of good filth, he slatild be glad to
kimw why the sets of Queen Anne, and other sub-
sequent arts, which made the dividends poyattle ti,
all stocktiatslum without 'my deduction to hat ever,
shmild have beVil righted, OitliOat re-
pealed P roe a het reuson shouldthittausr of old pen.
pie ip fraucr, huldiug stock in this country, lie es-
pousal i • orwaiworoons to nest of old Ladies and Gen-
f:camels here? Why t his tenderness torrid French La-
dies and Gentlemen, while our own old people were •

Ite.*l Lit gat altleti'lleilki onVoalla? meet, ekti,ju
sett otoctitto ot N ettOll4l, shawls' *he whore wem
sad utuf the eitipeaaliteeo of the cotton. "c did to co
bit it' ea to *worse reacelImp, from *lsle\ It
it,ooo,ottel. taiett be tateJ to the cosoey. met
FOREIGN PONDED PROPERTY.
•