The National Register.
London, England, 1822-07-08 00:00:00

Greenwich Hospital, Out•PenciuncrB

-ilo.too

16.615.000
Intcre,t, on Exchequer Bills

17,815,000

REDUCTION OP DF.ST.
PinkingEtinel on Exchequer Bills 290.000
To pay t!olilers of 5 per Cents... 2,titil,(loo
Deficiency of Ways&Mealis,ttitt 290,456
Total for Reduction of Debt 3,381,438

A:21,106,456
—The Annual Malt Tax (called annual duties) he took at
8,000,0001. instead of 4,000.0001. the sum named last year.—
Fur the Lottery, he named 200,0001.; if that were objected to ;
he hoped some other tax would be kept in view that would
make up the deficiency, if it were reduced.—(Hear, hear.)--
Ile should have to propose a Sinking Fund Loan of 7,500,0001.
Last year that boon was 13,000,0001. this year he should only
ask seven millions and a half. He intended to take it for the
present year instead of asking to cover the service till the July
of 1822. There would be a considerable reduction of the no-
minal Sinking rued, to limit it Vs the amount actually appli-
cable to the redemption of the debt exclvsively.—(ll.-ar, hear.)
The Sinking Fund Loan of last year was raised at 130; that of
the present year would be raised at 121. There had been, it
would be recollected, a favourable change in the Funds, which
showed the advantageous state of their credit. The actnal
amount, beyond that of last year, to be applied by the Com-
missioners for the redemption of the debt. The right hon.
gentleman then adverted to the expellees of the late St. Helena
establishment, and the demands of the East India Company ;
stud negociations letween them, as between iudependent states,
the company having rights to defend—were going on. There
lout been commissioners appointed on both sides and the result
was that of a claim of 5,000,0001.; it was considereed that
justice would be kdone by grading 1,300,0001. Dear! )
lie had reason to believe that the company were satisfied with
the result.—(Hear, hear! ) It was considered that it would
be the most satisfactory mode to set that sum against the East
India Company's loan of 1812. There then remained on such
loan a balance of 570,0001. By biz arrangement there would
be no new creation of debt. The nest sum arose out of the
act lately passed regarding the half pay and pensions amount.
ing to 2,450,0001. The right hon. gent. then detailed the ways
and means for the present year, contrasting them with those of
last year ; and the recapitulation was as follows :-
1821. 1022.
44,000,000 Annual Taxes
1,500,000 Tea Duties
1100,000 Lottery
16.1.414 Old Stores
500,000 Surplus Pecuniary Indemnity, payable
by France,
Re-payment by Commissioners for
114,570. issuing Exchequer Bills for Public} 110,000
Works
81,630 Surplus Ways aad Means, 1840.

6459,600 4.9C1,000
13,000.000 Sinking Sand Loan 7,500,000
461,539 IDA of Ireland, increase of Capital.
East India Company
Commissioners for Payment on account
of Half Pay, Pensions. 1,450,000
83,180 UncLiiiied Dividends, &c.
at Interest on Land Tax.

Y 0,104,801
2,0,9 15 Deficiency of Ways and Means, 1841.
By lncreabe of Unfunded Debt

J 0,257
The Wended debt last session amounted altogether to
50,368,0031. including Irish Treasury Bills and Public Works.
It would be seen, however, that the actual unfunded debt, in
January last, was 31,000,0001. He did not wish to fatigue
the attention of the committee, as there would be further op•
portunities of examining the important items in more details.--
He should next advert to the actual income of the year. The
customs produced, to Jan. 3, 1822, the sum of 9,141.1001; the
Excise, including War Duty on Malt, 26,356,41.31. making to-
gether, 35,691,5211. For Ireland, Customs, ,496.59t41. ;
Excise, 1,0159,92d1. Ile then laid before the House the fol-
lowing abstracted recapitulation of the produce of the revenues
of Great Britain and Ireland to January 5, 11322: