The British Press; or, Morning Literary Advertiser.
London, England, 1818-02-05 00:00:00

PRICE SEVEN-PENCE.

nier the extended sphere to which their Services
might be called. The charge of ordiatute this year
was necessarily increared, owing to the preportiwa
of the mess, and the Wanner in which the appoint—
ments oti hoard the ships were made: for initance,
in a 3d-gnu Ship the number was reduced from
500 In 300: The charge in the ordnance was, bet
bad already livid, this year iiii.reased—the increase
wes from four shillings to sevett shillings
.itt the
manner the talettlation was Usually Made. He con=
chided by moyiug
" That tO;bob Ora, reclean,: 8,000 than idea, be Voted fur
the gestic, of hie blleoieety'a l'ilavyfor the present year.
" Thai ewe nut eaceeateg 811,0001. bu voted for the
Ira oribe said mea..
" That a sorb set -1-

lie ioleil fur vic-

fuelling the raid force. -
" That a aura ant rxrariliar• 530,001)1. be *cited fur weak
and sear; as 112,01i01. fur the °Mustier branch."
Thew orveral motions were ugreed
OUTSTANDINO EXCHEQUER BILLn..

Tile C11;;CBi.1.011of the EXCHEeII Ea said, he
was about to move fur p sum or sums to make
good the outstanding Exchequer Bills. In the
early period of lust Session, a sum of 24,000,0001.
was granted to replace outstanding and improvided
for I.:x(11%10re Bills-18,000.060/. were also gram.:
ed fur a similar purpose—beyond these j.ex,o,covol.
were void for the ptibiic service, besides some
smaller sums for Irelind. It was also tieCelefary
Make good tise outstaisiling Exchequer Bills for
the year 1816. He would retpire for this pur-
pose is grant of 25,000,0001., which, together with
the usual Ways and Memos, would, pie trtisted,
be found adequate, without resorting to any
further inra.ures. He had the satisfaction to
state, that the aniousst of Exeliequer Bills now out-
standing was not nolg considerably less than the ruts
IlliUded to by an H solar Member opposite (Mr.
Curwen) on the second day of this Sessistit, but also
less than had been anticipated by an Honourable
Friend of his, one of the Lord§ of the Treastny
(Mr. C. Grant, just.), alio in his statement at the,
close of last Seieitsis estimated, that on the sthof
Jemmy, 1918, the nominating amount would be
about 60,000,000/., whereas it, in point of fact, sae
only fifty-seven nnlllons bud a half; that is, two mil.:
lions and a half less than what was anticipated. Thii
amount on the s:li of Jatitury, 1817, was forty
four millions and u within a small sum.—
On the 8111 January, 1818, the amount was 56
millions and it half, end somewhat mine, slte*ing
an increase of a little better than 12 uillinus : that
was the whole amount added to the funded or ins-
funded debt of the last
year. Now the funded
debt etas last year redticed 19 millions of stock. or
in motley liSleen million pounds ; all that instead of
adding to the public debt during the
.le4 year, or
having, us was said. an absolute defiCiency of 21
millions, as was declared by the Holt. Member op.;
posite (Mr. Curare), there was a balance of three
millions in favour of the publier—the reductiou ill
the debt last year heist* 15 millions. while only
12 mill* were added to the general debt. The
Right Hopi. Gentleman then moved, that a stun
not exceeding 25 nsillienta be gettated to pep off
outstanding Exchequer Bills.
Mr. Ceastest was heartily glad to hear that he
was likely to be mistaken in the calculation he had
matte on this subject. He was yet, however,. un-
informed respecting the details on which the bight
Holt. Gentleman's calculation was founded.

The CHANCKI.Loa of the EXclifinita repeated
that there would ben surplus of toner
rather than • deficit, in the general account.
Mr. TIERNEY could easily conceive the manner
in which the outstanding Exchequer Bills were
provided for; hat taking the whole amount at Gd
millions, lie thought that a deficit, rather than a
surplus, of 3.000,0001. would, Ile the end, be di-co-
vered. The Right Mott. Gentleman said, that the
whole increase of the unfunded debt last year was
only 11 or 13 million*, :sod he set it WI ogaiiist
19,000,000/. of stock which the Commissioners had
bought iii, and calculated at 15,000,000/. sterl:ne:
Nuw to this valuation he (Mr. Tierney) could not
at once accede, for lie knew that the C -
'loners had het such a sum at their disposal fur tine
specific purpose.
Itlr. C. GRANT. jar. said, that the calculat.
made by his Right Hon. Friend would be found
correct, when the whille details were before the
House.

The CH ANC El. I.OR Or the EXCHEQUER explained;
that some tuiscalculation tray lone WIWI' ill th►e
milt& of Gentlemen opposite; from the circum-
stance of the druids of one year goat% into those of
another, as was the case. and also from their over-
looking the fact, that sums rettiaitied over triumphed
froin the preceding year. But the way to average
the accounts was to take them as they were Imola
up to a given day, at the beginoitig of the year,
and ',innate accordingly.
After a few words from Mr. Thence, this
CHANCELLOR of the EXCHEQUER end Sir Wit.
x7URHI►UGHS, the following •un►s were voted :-.-
25.000,0001. fur paying off' the Exchequer Bills of list
year. oistAntoding and unprovided fur.
1000.0601. for n sim,lrr purpose.
And 6,000.0001. for liquidation the adintsei Ind& bj, the
Bank of England in the error 181 A.
The Report was ordered to be received on Friday,
GRENFELLN SPEECH OW THE AFFAIRS OF
TOE BASK.
Mr. Glum FR1A...." Sir, I rise to advert to is
mistatenteat of something l said yesterday. and
which I art desirous to have corrected, not only on
'nitride and persoost motives. but Off public ground*.
lu alluding to this anistatemrent, which appeared
in one of the public channels of cotninunicrition
may as well at once any. its a respectable Morn-
ing Journal, use Tialess—l by no means mean. to
iiisisiustr. that the error was intent ttttt al, for my
surprise is that the reports, under the cirertinsonicra
in which they are takes,, are generally SO accurately
given. lam represented its the Journal to which
have Ander/ as having said. that a great paper
circulation was an evil.' Now, what I said was
rather the reverse—for I stated, that o great paper
currency was ■ good, that it seas an incalculable
advantage to the country, and that I itvieverie