The British Press; or, Morning Literary Advertiser.
London, England, 1820-06-20 00:00:00

nee@ far the year Itlta. far which prow ,s,. altaiel
be made. amounted to 291234001. of %gad,
20,7i3,3001. were far the proper *entice* rif tiss
year, and 9.000.0001, for the redacting af 0... ley.
feuded debt. To make this provieion„ ausooininc
to swarly 30,000.000% it was hi. intention to t..t,
the same amount open the ammol malt tax that pie
had last veer, vix.3.000,4100/4 oe Utv. Keene slut.,
ennt,nwed, and which he had - feline to do.,‘
would toot stiffer oval very asateriti•thoisinutine,
meant to take 2,500,0044 whieli-stor.,Pou.rios,;,
leas titer. the estimated me of last 'ear iipoi, ii it
branch of Ways sad Memel. On •tiles Joust. ,
would take the some sum as last year. vie. 14(t , , ,L
and on old store*, 260,0001. (about 7u,snae. i..,
nista that token on Met year's). These ests..,,,
for 16110 would be 6,000,000/. - the Kraig. r,
last year upon the mese KIIITCA . Mildewed ..
7,074,0001. There wee else wi *fiat la roe.,
term the ready money means for the itemise...l ros
present year the lONS 4 5,000,0001. wail a factor
loan of 14,000,0001. which he proposed to ts/e
from the staking feed. and them woo-al io the foot.
ing Exchequer bills 7,000.0001. Instille a t.. 4
of 30.000.0004 Loot year'. total wee b t.0.7.1,50(i.
With respect is the pin:calor aster. or the 1„.,
from the sinking food, he thought ft MON 1.,
say that it was intended as as equitablesfarrasze.
moat to allow the Cogieniseiossirs fad this lime the
mai terms that were/hien individosts &saw 14i,a,
coatracird by Govergeseot. It was ism saloodeal
(we understood the Right Hato. Grioletwo, to
say. fur he spoke is a very low woe •f reser) is
the present eitgatioo of Ireland. to make any pan
of the Irish sissicsog feud available for the curtest
expenses. The Committee would goduolenhe
expect to hear from him a view of the pew sad
presesst state of the revenge, as it was IS be ass.
fecund from the returns of the last year, and of Ow
present. SO for as they could be averaged. Tte
estimates of the temple of test yroe's resamste, as
, to the sth April, were something shoot 54,00cyrAt
These were, however. out realized to oho e5t0c.,.,1
extent; they amounted Us fwet to skim t „5 2,:A.),1 "V.
witb that amount. however. as actual rensectom
of debt took place. arid he eastissaisted an exe.a...f
-from there to four millions over and above she es-
p enditure in die present year. NS applaCitOte to
s further reduction. The Consiniseiosiery hail re.
diced fiverni I lions last-year, notwithateialmxstoo the
iticome efthe country had roller) short et Mr es Iwo-
dilute. Though this year he did root mien ioste
there wools' be an exerts* so as to make the mar
reduction of debt. amouuting to 5,000,006/, Mt
had taketi place loot year, jet still he suiticipariat
that a restriction of between 3 and 4,600,001 f.
would be cheesed. Judging as welt as Ise 04;1261 at
present of the operation of these finaneial errarige.
mesas upon the money market. he did not mews-
pate that ony further loan for the nett year would
becuine necessary. He then proceeded is *tat.,
that, so far from seeing any thing iliscogragissg s•
the mate of the money tolleetell id the vomitory, he
rather looked forward to a rapid impr/venteot us
the foods. when the measures already uttered neon
became developed. The (tight Hen. Gentlemen
then mid, that he would answer the liestsons
which hail been on &ewer occarieeis put to him.
why lee did not prefer borrowing nee 'whale of the
17,000.000/. he wanted frmat the sinking fond, is -
stead of harrowing 5,000,0001. of st by toms ,r,..0.
private individuals—why he did loot prefer 'lto as
the simpler mode, than by replacing it With ii.i.
stock I To this he would mower, that, situat,sl as
Ireland was, he couid not think it advisable to is'..i.
a loan to the extent suggested (nun the stelooc-
fund, as it would, to the extent of shoot 700,060 i.
affect the motley market of that country. Without
affecting it to that extent, he could trot rime the
whole amount for the service of .the curfesd year.
But even if this difficulty was reunited, he s.bon:d
out have tl slit it bale or desirable In Jiair
had recourse to the expediesit suggested. is re-
ply to the doubts which had been exprewed as
to the usefulness of the Sinking Fool. the Reglit
Honourable Gentleman contended that ll* .rsiew
was iseceseery in onler to prepare a realty atarkst
fur stuck. Ile admitted, that it might be. 'oleo -
'agrees to simplify that system. Ill:ittek for rite
present the country was trot it a state to risk the
experiment. lie could not admit that the •Oop,s
which had been hitherto eotertaisied of teLtlerrog
the Siiiking Fund effectual to the uhsnlitre reacc-
thou of the debt, were yet moved groundless. U'e
were yet wily its thee first year of 1 new rape' isoesit„
winch uses adopted with the intention of k.emog
11w expenditure sio perfectly %tilde tie bogie of the
revenue as to make the saiik.ing NIA really eliaitu..
No Mill could have raid at the tune that te0..1
three milhoess would be loom! cliongli for 0,14*. a
purpme. lii another yeSIK, if the irradiate of the
revenue should prove as favoirrolde as before. he
had very little droals4 that toe calculations of the
(louse with respect to thut mea•tire would be or-
complished. although low the resent we had to cob.
tend with an augmentatinis of expenditure. II::
had hoped that the luau of la.t year would loor
been the last. He now (•,4,filleolly expressed hai
hopes that the loan he had to propose would ker-
taiiily be the last. He a, gut...! thin fuss a comp.-
riser of die Immo of the sear a:,.1 h:st. cod thou
llPP"Priiii°ll*. Lust year, out it fourteen tuid:ains
only three mdlious fire hundred thousand p00n.....,
had been applied to the unfunded *let*. -.its'
of twenty-four millions of loan which would be alto-
gether committed this jeer, nine would he avuda/ie
for the usifunded debt. He expected or cotter 1,11
the How Members would state their opinions /spew
the Om which be had submitted to Owns. lie
' wind therefore deter any farther obserr.rionis toa
ass opportunity should repine Inns to reply.

The following recapitulation will iteriialiti more
fatly display the financial plan of the Ikght
Gentleman :

SUPPLIES.
Granted for Estimate for
1819 1810.
£8,782,478 Ann,
6,136;781 Navy ..
I,llol,utni ordnance 4,11111.60*
2,020,197 MUM!. ...... ••••• ••••••• 101/001"
••••••••—••---
18,4118,4461 Total S.W 10,313,:t,"
1,5:0,000 Interest on Excbtquer Bill. 1,04/kV*
,430,000 Sinking Fund on Ditto 410,100
1er4004441 gear2.l;oo
INMAN' Ity Reduction of Unfunded Dolt 9:o04)ov*
s3ooBsems sto.,7r.sib
•