The National Register.
London, England, 1822-05-05 00:00:00

HOUSE OF COMMONS-(S ArtwAv.)

annuitants, subject to such regulations as are applicable in
eon. ruse.

S.—'that it is the opinion of this committee, that the
amount of this charge has hem' encreaged, principally
by the long duration and extended exertions of the Isle
w;,r. Corn the sum of about 650,0001. to the laid sum of
5,t'03 COO.
4.—'fiat it is the opinion of this committee, that unikr
this great nceunsulution ut annual charge, nod in the present
state of the country, it is expedient to nia!le provision fur
apportioning this bunion so as to ensure its lintel extinction,
either by an equal ntinual annuity, tei mi m ble within 45
'ears, or by permanent annuities, with such provision for
the repa)ment thereof as is required by the Act 82 Geo. 111.
c. 55.

b.—That it is the opinion of thin committee that the eom•
vnisstioners of his htajcst,'s Treasury should treat and contract
(subject to the approbation of Parliament) with such bodies
politic and corporate, or other persons, as way he willing to
undertake to provide for the charge of the aboveamentioncil
ye, sions and allowances, or any pat theieof, in either of
the :shove modes; and who shall give adequate security fur
the perforamare of such undertaking.
Colonel DI V lIES declared that the scheme was not
comprenensible.
Sir J. 1% Llti PORT also observed, that he could baldly
say lie understood the resolutions, fur K. far as he compre•
hended them, he could stint declare lie approved the plots.—
lie did not see why the carrying of the plum into effect
could nut he consigned to the commissioners for diminishing
then dismal debt ; if liny adtwdige acre to be derived from
the operation of the scheme, he thought the public toast en •
titled to the benefit.

After route obrern ration.' from reeeral meirsberr,

Lord LON DON D entered into a defence of the
plan proposed to he lidopted fur pn)ing the pensions and
half-raj of the arm) and navy, and contended that it ails
plea calculated to relieve the country to a certain extent at
pr. sent, and lit the same time, that by sei•ing a sinking fund
.oi 5,c00,0W1. at compound interest, we should preserve
public faith, rind Ail; keep in view the good of our posterity.
Mr. (MEN FELL considered this measure as not at all
affecting the sinking fund. As to she other met its of the
plait, he would wait till the bills on the subject were
brought in before ke either gave support or censure to the
plan.
Lord ,E BRANGTON considered this measure was an attack
on the sinking fund, but it would go. to relieve the people
from a portion of taxation, and therefore be hoped it ssuuld
be curried still further next suasion.

Mr. MA B wished to see the slaking rand taken
at once in teducti n of taxation instead of put tiag thiwew
machine in motion at a very considerable expellee,
Mr. WILLIAMS condetussed in tutu our fin,mze system,
and especially the measure of paying utr the 5 per cents., by
hichI,OOO,CODI. had been added to the public debt, nud
the plan now proposed wid...d base the elleet of increasing
11610 furt hei

Mier souse observalions from other members, the resolu•
tions of the Chancellor of the Ereliequer were agreed to.
The other oidtrs were then di.po.ed of, and the Haute
adjourned.

THURSDAY, MAY Q.
Mr. MARRYAT presented a petition from certain merchants
of L.ondon, against a bill now before the House for facilitating
the intercourse between the West India Islands and N. America.
—Ordered to lie on the table, after some remarks from Mr.
Bright, Mr. Ricardo, &c.