The National Register.
London, England, 1822-05-27 00:00:00


168

imperial Parliament continued from page 16S.

snittee on naval sad military pensions, called the ettentirm of
the House to the resolutions on this subject, agreed to on the
Sd of May last. He described the resolutions. The pensions
were eonsieleted in the nature of a public debt, the House re-
eognivong the propriety of relieving the finances from the pres-
im..e of inch charge by so equable arrangement of the sante.—
With this view it was preposed to epeeisd the charge over 45
vein, though then the debt might not be extinguished. The
Meuse recognized the principles. When the resolutions were
agreed to, lie proceeded to take ns to carry them into
elieet ; and the propetee • had been considered with catelotir.
lint in point of fact so biddings had been ninde, though many
commnuications from several bodies bad taken place. Ile now
hoped to sal • propositions thst would give satisfaction. He
proposed that the charge should be separated ; that trustees
sheath, he named by and under the controul of Parliament ; and
if any gain should result from the transaction, the benefit to go
to the public.—There were to he invested in the hands of those
treaters the suns of 2,800,0001. calculating the rde of interest
at 31 per cent. That brought the annuities to the amount he
had elated. He had taken the calculation at 100,0001. less
t:voi what the hiddings might have been—a matter to be re-
membered when they considered the remission of the tax. To
superintend the annuities to be created, there were to be four
trustees, the Chancellor of thu Exchequer, paymasters, Sec.—
Hi% third resolution regarded the means of osrrying the plan
into effect, to make certain sales, or the Tressury to advance
Exchequer Bills. The plan would thus operate advantageously
o hen the long annuities bad been created. The dividends were
to be paid in October and April—and thus means for the January
and July payments would be provided. In five years the
amount to be met would be reduced to 4,100,0001, The ennui-
tiea to be lodged in the bands of trustees would, in time, meet
time charge in its reduced form. The whole plan would of
course he connected with the sinking fund.—(Hear.)—No sum
bowet a was to be taken from the commissioners; the five
million.; wore to remain unimpaired in their hands. That sink-
ing fund was not in be touched. By the plan there would be a
sat Mg to the public of 2,200,0001.—but the remission of taxes
could not be to that amount, as there were some growing
charges to be pros bled for—hut 400,0001. it was calculated
Mould answer the purpose. That sum, the 400,0001. lie should
proper should be added to the sinking fund till it should be
oatited ; it would thus operate to reduce the debt and the
the harden of the country. He might be considered as having
anticipated the resolutions before he came to •the particular
views of the government; and with the ultimate Tiros lie had
proposed that certain tax hills should be referred to the com-
mittee. In the first place. there was no tax that it was so de-
sirable materially to reduce as time salt tax.—(l-lesr.)--He
should propere to give up thirteen shillings out of fifteen.—
( he tax at present produced 1,500,0001.; time re-
election would amount to 1,300,0001. He also proposed the
duty in Scotland from Gs. to 2e. so that the tit ey wortld be the
*lime in England, Scotland, and Ireland. lie likewise propmeed
to repeal the Irish hearth and window tax, producing hardly
2.0,0001., the leather tax laid on in 11412, producing 300,0001.
the tonnage on ships homewards and outwards, producing
150,0001. These repeals and reductions would he altogether
2.000,0001. (Cheers,) He concluded with moving the follow-
ing resolution
That is the opinion of this Committee, that for the pur-
pose of apportioning, conformably to the resolutions of this
House of the 341 day of this instant month of May. the burden
occasioned by the military and naval pensions, it is expedient
that an equal annual annuity of I:2,800,000 terminable at the
end of 45 years, should, from the sth day of April, 1822, be
seated in trustees to he named by Parliament ; snit that the
said annuity should lie charged upon the Consolidated Fund of
the United Kingdom of Great Britain and Ireland.
2. That it is the opinion of tide Committee, that the said
trusteef should pay into the Exchequer the several annual sums
hereinafter mentioned, by four equal quarterly inetalments, on
or before the 15th January, the 15th April, the 15th July, and
the 20th October, the first payment thereof to ho made on the
20th October, 18.22.--[Here follow a series of annually de-
creasing sums, from £4,000,000 in the ensuing year to
£300,000 in time year ending the 15th July, 1867.)—And that
%tic said several sums, or such part thereof as may be necessary
b!.0%1.1 be appropriated and applied couformably to the said re-
2. That it is the opinion of this Committee, that for the pur-
pose of mudding the said trustees to make time several pay-
ment,' bereitibefore mentioned, et the Exchequer, at the several
periods eforeseid, they should be empowered, from time to
time, to sell and dispose of so much of the said annuity as may
Le necessary fur that purpose, hut so as that no greater amount
of annuity should be sold n disposed of, in any one year, than
would be sufficient to rale. the rums necessary to complete
the whole of the payments to be made within the year, or to
discharge and pay time principal and interest of Buy Exchequer
Lulls which may have been issued on account of such payments.
4. That it is the opinion of this Committee, that fur the pur-
pose of tumbling the NUJ trustees the more readily to provide
the means necessary for making the said payments, in the most
convenient amid economical manner, the Commissioners of Ids
Treasery should be empowered to issue, to the said
trustees, Exchequer bills, to an amount not exceeding the sums
necessary fur completing from time to time the said payments ;
which Exchequer billet, together with the interest thereupon,
should from lime to lime be discharged and aatisfied by the said
trustees out of any monies to arise by the sale of the said
annuitins, or out of the dividemle thereof ; and that, until such
pa VOICIII, the interest accruing on inch Exchequer bind may he
paid out of any supplies voted by Parliament,
Mr. Calcrslt, Sir J. Newport, &o. congratulated the House
In liming eflicted these reductions.
Mr. HOME wished that the taxes lad been repealed alto-
ember. as the collection of those duties cost upwards of
A:10,0G0 a year. lie also wished that the +ahem* growing out
of the resolutions should he carried into effect by the Sluking
Vend Commissio era, that would save the expence and nos,
el inery of new Commissioners. He concluded with moving as
an amendment, that the J:2,4100,000 that smild be canted fog
the next 16 years, should Ike taken from the Sinking Fund,
Lord LONDONDERRY opposed Wit proposition, and said
Pot the reductions of taxes were not the result of opposition,
hue the consequence of support the government had raped.
otio•d.
Mr. WILLIAMS was in favour of the amendmeot.
Mr. CRI PPS supported the edgiest resolution ; as to the
proposed repeal of the Salt Tax, he was consinced,
tinething was said to replete it to the public, they would de-
e.se but little ads antsge from it.
Captain MABERLEY was in favour of taking the mousy
smiled from the Stoking Fund.
Mr. MARTIN was of the same opinion,
ho gallery *a! times cleared for a disision no Mr. Hume's
amendment—For the resolution or tha Chancellor of the Ex-
eheauer, 115—for Mr. Haute's natiernimeut s.iss-111oPtity foe
M.niatara


THE NATIONAL ItEn I

Several other resolutions, as to the mode of paying the an-
nuitants, &c. wore put and agreed to.
The House resumed, the chairman reported progress, sad
the report was ordered to be received on Thursday next.
The American Trade Bill and the Celt:mist Trade Bill went
through erinimittees.--Report oa Friday neat.
Mr. MARTIN moved the second reading of the 111-treat-
men► Animals' Bilk
The ATTORNEY-GENERAL moved that the Bill should
be read a second time this day six months.
Upon this amendment a long conversation followed.
The Utmost divided. For the amendment in, for the second
Trailing 19, majority in favour of the bill 11. The bill nu
then read a second time. and committed for Monday week.
Adjourned at 12 o'clock to Thursday next.

FROM TUESDAY IV1:11T'S G.IZETTE,

BANKRUPTCY SUPERSEDED.
R. W. Dean and T. W. Cooke. Bethnal Green. brewers.
BANKRUPTS.
_ _ _ .

J. Heys. Stockport, Cheshire, draper. Solicitor, Mr. Bettye,
Chancery Lane.
J. Blythe. Wellington. Shropshire. draper. Sola Messrs.
A dlingtou and Co. Bedthnl Row.
W. and H. Breedon, Ituddington. Nottinhamshire, dealers in
horses. Soles Messrs. Long anti Co. Gray'‘ Inn.
W. Colson, Plymouth, grocer. Sins. Maass. Swain and Co.
Old Jewry.
J. Joplin. Sunderland, linen draper. Sob. Messrs. Bell and
Co. Bow Churchyard.
T. Newton, llo!beach, I.incolnshire, and W. N. Newton,
West Walton, Northlk, jobbers. Sols. Messrs. Willis and Cu.
Warnford Court, Throgrnorton Street.
J. S. and A. E. Fowler, Liverpool, merchants. Sol. Mr.
Taylor, John Street, Bedford Row.
W. Tenfold, Clutton, Somersetshire, builder. Sol. Mr. Bur.
foot, Temple.
J. Collins, Vincent Place, City Road, broker. Sol. Mr. Fen-
ton, Austinfri..rs.
T. Kent, Kirton Holme, Lincolnshire, butcher. Sols. Messrs.
Jenkins and Co. New Inn.
.1. and W. Dodd, Kirkoswald, Cumberland, grocers. Sol.
Mr. 13a,tyc, Chancery Lane.
W. Humphreys, Biliesdon, Leicestershire. draper. Soles.
Messrs. Moore and Co. New Serare, Lincoln's Inn.
W. Gibson and F. Foram, Trinity Square, corn factors. Soles
Messrs. Parnther and Co. London Street, Fenchurch street.
E. Fulton, Earl Street. B:ackfriors, coal merchants. Sol. Mr.
BJVain:An, Union Court, Broad Street.
DIVIDENDS.

May 25, A. Kelly, Colonnade, Pall Mall, jeweller—U. T.
'Mulligan. Bath, silk mercer-23, P. Young. jun. and R. An-
derson, Wapping. sail makers—June 11, W. Ambrose. Clupton,
carpenter.—ll, J. Gregory, Black wall, butcher-11. R. Needham,
Queen's Buildings, Brompton Road, silversmith-11, %Lincoln,
St. James's Street. Muter-12, R. Sullows, Hadleigh, Suffolk,
grocer-1.5. S. Leigh, Strand, bookseller-20, IL Reynolds,
Shobruoke, Devon, tanner-12, C. Martin, Great Yarmouth,
linen diapers—s, S. Humphreys, Charlotte Street. Portland
Place, merchant-7, T. Tipping, Wairington, miller-13,T.
Freane, Worcester, cabinet maker—ii. W. Watkins, Worces.
ter, corn factor-12, It, M`Kay, Knutsford, Cheshire, liner
draper-IY, J. Smith, Shrewsbury,linen draper-14, W. Wilson,
Gateshead, Durham. ship owner-12. T. Perkins, Manchester,
and S. Armstrong, New Mills, Derbyshire, cotton spinners-15,
J. Cook, Helmsley, Yorkshire, merchant—gl, E. .51itson, Wor-
cester, tea dealer, and J. Penn, Birmingham, soap boilers.
CERTIFICATES to be grunted June 11.
.1. Ripley, Wapping High Street, mathenu.tical instrument
maker-I'. Reynolds, King Street, Southwark, chimunktn—W.
Banton, Northwich, Cheshire, grocer—C. C. Wright, Crooked
Lane, upholder.