The National Register.
London, England, 1815-11-26 00:00:00

TUE NATIONAL R.F.GiSTER:

759

The army under the command of General Suliven Wood
was in its first attempt beaten back from some strong
stockades. Ile then laid waste to the country called the
Terrace. last effort was upon Butwall, a strong place,
which he was obliged to abandon. After this more than one
military error was committed ; Gen. Martineiell had lost two
detachments of 500 men each, and other circumstances of a
disastrous nature occurred.

To counteract the evils arising from the fatal supineness of
one or two Officers, a fifth army was pushed into Kamoues
which rimy' the want of other able Office's was commanded by
Col. Nicholls the Q. M. G ; this army having got possession
of the passes, pushed to the capi►al. The enemy sent out a
force fiom Alu►ora to cut off their supplies, this forte was
attacked and routed. Col. N. finding that his troops were
elated h this success, and conceiving that the enemy must
he proportionally dispirited, lie determined not to wait for _

his battering train, but to make an immediate attack upon
the fortress. lie did so, and gained a considerable portion
of the town. At night his force was attacked sword in hand
by the Gootkahs ; however, they were vigorously repulsed,
and the town and province was soon after surrendered by
treaty. The result of all these efforts was our getting posses-
sion of all the country from the Sulledge to the Gogra.
In a commercial point of view, the possession of Kamouett
and Sounagur will open to us the trade of Chinese Tartary.
which I have no doubt will be lucrative beyond the most
sanguine hopes.

In regard to the expences of the war, the possession of ib.
Terace of itself will more than repay it,

FINANCE.

We hare sincere satisfaction, no less in justice to the
ability with which this important branch of political
economy is conducted, than as a source of consolation
and confidence to the public creditors, in offering a state-
ment of the Sinking Fund, giving a comparison thereof,
as to its power now, to redeem the debt, with what it was
during the ten years peace from 1783 to 1793: by this it
may be seen, that notwithstanding the large amount of
the present debt, our future prospect, as to its reduction,
is very animating and consolatory to every friend of
Britain.

The National Debt amounted in 1783 to
Derreeoe in 10 years peace, being about 1-50th part
of the (10t

233,733,6 r,

The National debt at present
Amount of the Sinking Fund is 14 millions per annum,
which, at S per rent. compound interest, will raise in
le years, a sum of 176,325,000, which would tiny up a
capital in 3 per cent. annuities, at 70 per cent of 251,892,800
Being equal to 15-50th part of the debt : consequently
the pow pr of the Sinking Fund is now 15 times greater
than it was in 1783, and would discharge the whole debt
in about 27 years.

Circular orders have been issued by the Lords of the
Treasury to the departments and public offices, for the
discharge of all supei numaries.
The Public Offices will be illuminated ell the occasion of
the Peace, to-morrow evening, and on that night only.

.vaw.,,vtv.v+a. lik,7"ot

760

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