The Sun.
London, England, 1808-04-12 00:00:00

, • .• '

fills had been funded in the course of the ere e
Session, and diets in submitting jhat measure
the Flouse, he had steted that it was intto4d
iseee four millions of 'Excheimier Bills in,_ dace
of those fuiu ed, a :part of the 'Ways andlleens
of- the year.' 4y adding to these different steins
the sum of eight millions, which.weS the whOle of
what he apprehended would be wanted for the ser-
vice of the presen'eteer, the aggregate amount would—
be 39,37,8701. %% legate wee to Lie ;Ned ,
the *starpluspf the Cousolidined Fund, which be pro-
posed to take at the amount Voted lest yeat,
3,759,001: %%)Jie,Ef Weald caper the Ways and
Means to 43,Q76,U7g1e yieldislg a surplus of Ways
and Means above thesuppripect 137,01)01•. The our
-
plus of. the Consolidated Fund,' the Committee would
recollea,. had been taken 'last year at 3,750,0p01.'but
had produced father sum 'of '748701. making
altogether 4',40;8701.. But as the, increased yew
apon Malt and Pensions would ditninish the produce
Of the Consolidated Ftind, to the amount of :;50,0(sol.
and, howev6r sanguine his view might be :of the
state of the trade of the' Country, he *id pot but
admit, that frdrp the measures of theYnetny, and
the eonsequences of the coarse in which the trade
was npw to be carried Otj,same reduaion might !eke
place, though not to any material extent, be was
of opinion that the surplus ought to be taken at the'
sane arriount as' last year, though he wasconf}dent that
Would be found below what it would produce. And
here he could not, in passieg, abstain from advert-
iniS-to the operation by which font- millions out of
the twelve, which were the- whore to be borrowed
for the year, had been obtained by funding Ex»
chequer Bills to that amount.' As far as could y'et
be Judged, there was every mason to believe that ,
thetransaaion was highly favourable for the public.
There was a saving to the antoent of the interest' of
the Exchequer Bills thes withdraWn ttoM, the ,
market, which would not be the case if tour mil-
lions out of twelve, the whole sum wanted for the
year, hattbeen borrowed on a 5 per cent. capital.
The Committee was aware, that subsequent to the
transaftion the funds had risen, and be entertained
at the time en expeaaiion that the contre6t for the
future.loen would be Made upon inuch more fa-
vourable terms. for, the public, than if these four
niillions were to have, been borrowed on a 3 per
cent. fund. The imniediate effea of the operation
was, that as no new. capital stock had been created
• it, the m'trket, the Sinking Fund had applied with
more effeEt upon the old stock, and consequently
produced a. considerable iedmitioe. Heying stated
the Supplies, and the Ways and Means by which they
were to be covered, it *as in the next place his duty
to state by whet means he proposed to provide for
the ineerest, chargee,.and sinking fund of the Ex-
chequer Bills lUnded, and of the, proposed loan,
which amounted to .3 suns of '750,0001. There
existed at present a sum of 380,0001. applicable to
that purpose, being the amount of the short an-
nuities which had'fallen in. 'There was likewise
a saving upon the management, of the public eleht
of 63,0001. By the nessi arrangemeut with- respect
to the assessed taxes, a sum of t 25,0001. would be
produced,, and l4e arrangement which he meant to
propose, for an improved mode of collecting the
duties on stamps, would be calculated to yield
te00,0001,. , The whole of these sums would amount
ty 770,0001 e being a small excess ebovo the sum
actually 'required. He came next to state the view
upon which he grounded the arrangement he had to
propose with' respect to the Stamp Duties. The Com.
mince were aware that, in the
scourse of the last
year, asprinciple had been recognised by Parliament,
founded Upon the suspension of all taxation for three
years,' 'and for resorting to the war taxes to cover the
necessary charges of loans. • The policyof this prins
ciple hadenet with the concutrenceof all sides of the
House, though some of the provisions of the men-
sure founded upon it .had been canvassed. Having '
Stated this, he was bound to ceplsin to the Hottse
why he had thought it necessary to depart fromehe
principle in the present instance, by proposing to lay..
on additional taxes to the amount of above auo,oool.
and it certainly was not because he. had considered
the principle laid.doWn by the Noble feord ,who pre-
ceded him unwise. He had tint how desirable it wag
to consolidate .the different 'Ads relative to the As-
sessed Taxes ant; the
.Stennp Duties, and considered
that a good opportunity when making improved
guiation* for the collection of- both, Menakea email
addition in certain items.' Ho had•keady (torte siAvit
roped to the Assessed Taxes, and he vvas now to
propose iseimilar course with respea to the Stamp
Deties. If by these- means, without adding consi-
derably to the hardiest of the public,. they could
contrive to provide for the presenteyear, they Might
in the next and following years resort to the pienci-
pie which had been so generally approved of, unless
upon a review of the state of the' taxes, whoever
might fill, the situation he occupied, they eheuldibe
of opinimi thate'by 'regulation and,modification, a
supply could be obtained without increasing the pres-
sure upon the public, and to relieve the war taxes.
The Committee would recolleCt that.the StatuP:Ads
had been consolidated in the year IROS, the neW
schedule of the. Stamp Dutie r s etying been prepared
in the rear t St):}, and containing within . a slidit
compass .ill the PutieS Ou'StatuPi. .The nainber of
Acts relating to Stamp Puties amounted to sixty or
seventy, •and those for the collection of them made
the number onsthe Statute Book neerlysone hundred'.
It was thought desirable to consolidate all the Aas
relating to the duties into one, as also those for the
regulation aed collei9isn't of the duties. :The former
had been consolidated, but the latter had not, and
notwithstanding theetbility and industry exerted by
the Cormnissioners,. and other Officers of the depart-
meet,. he. would not be able to bring forward ta pro-
;posit* for that purpose this Session; but the busi-
nese was.in such a train, that whoever might till the
Office he held,,, would have it in his power to bring
the measure forward., The amended schedule would
be prepared in the present Sessien, so that the dif-
ferent items might tle open for consideration previ-
ous to the passing of the,A6l, The manner in which
the schedule was to be prepared, was by disposing of
the several duties under different beads, by a distina
arrangement, and in alphabetical order, $9 as to
afford a ready reference that any person who might
desire to, know what particular duty. would be ap;
plicable to his case, might discover it at once. There
were various ;moments at present charged under '
.the name of deeds, which would be referred to their
respective lieu's, though it was lot deemed right
that apy.adaitioo should be tuatW to 'the amount,of`i
duty at present-Uttsiiisiprs to them. A.uother aiNtr-

'

lien 'would be made in certain duties now levied in Arent parts of the measure, by referring to the Sche ,-
'Scotland, ToweAs the close of King. William's dule 4Thich they would have in their hands. If h i
w
reigh-to- Stamp Atli bad been passed, to provide had omitted any thing in the Schedule, he should b.
for the interest of dept;, incurred. One, was tempo- happy to avail himself of the suggestion of an
.`'
raty,. the other permanent, At_ the time of the -Hon. Gentleman to supply the omission. He was] -;
Onion with Bcothind, it was stipulatea that neither aware that itwould have beenimore consonant to the``,
ahneld ever be levied. ip that-country, The tempo- usual pra&ice to have kept back this statement till
rary Acit had now expired, and the duties were nosy , after the. Loan should be contraCted for;. but itapih' •
legallyleviable in Scotland, but the duties undekit4 ,"peatetio beentich-inPre flitlfte'ebtiterWereflhe :, '
permanent 4.61 could not be levied there. ' Attlieht:. House that they should be pUt In poSaessien. of.the
w i ~• I.
inconvenience as.experienced in the collection a -siatement...in - time-re affOrd. an opportunity for pas i
the dnty, and by the person upon whom it was tevi- • ture cedsideratioh. The Right Hen: Gentiemaa.
ed„.in consequence of the' freedom) ditfereaceS be- ' concluded with renewing his first Resolution;stat-
teigen the amount of the duty there as in England. ing the unappropriated SurpluS of the 'Cousol4ated-
But this was not as gtoend for depriving the • Scratch Fund, on the .sth of 4pril; I Boa, to have been:
' of the advantage of their articles
.of Uoion i end, 476,e1cith
therefore? in proposing to equalise the duty in both On the question being put, 1
~.
countries, he meant to remunerate Scotland, tare ' Mr: Broonien thought the arrangements for the
redu4ion of the duties on all instruments to bensed service of the present year inight-atid.Otight.4o-141
in 'Scotland. ',rite'additien to the amount of ilieduty , made without any additional taxes. He recom-
wenld arise from an -application of the -ad vale47if mended the - creation of: a contingent hind
principle to other instrumenta than those to skillitll sale of CroWn Lands, to which the public may he-
at at present applied. -.lt •had on a former oetAitliii; come (chants. The suns for's,vhle Crownh th; the
dents
been hi contemplation to apply that prineiplii_ta aril' nth.- be sold were Angst inconceivable.' One bun"
conveyances of real proPertY, by Anaking•the instru- dyed pounds bad been demanded of him tbr a Tent of •
meat invalid if the stamps were not of the legal es. b(.l. . Such parts as may be.sOltiteadvantage may
Atinonnt. But, as it would be hard to render .au in- be disposed of, and the sum of 600,0001. may ea"
strument of rio efTat merely because of the at:imp sily be. created, .so as to be available alter the first
not being of 169 legal amount, thealesign was ahae- dividend; the surplus of the •COnsolidated Fund to
..
donut. He slid not mean to carry his prc4siou to be brought inkaid, whettever any deficiency should
that extent, but that a 'sPecificatioo Should be made tequire it.
of the_ainotint of the.COOrideraden; and the dety on After a few observations front Mr. TIEUNEY (vllll°
the tamp should be in preportiOn. .And heprepos- reserved the explanation of his sentiments to another
pd to apply this principle, not only to all convey- occasiern),'Mr. Gemov, Mr. VANSITTAItT, aod Mr,
antes, of real estates,, but to the admission to offices Husxisson, who pointed out to the llou3© the sa-
of Courts and Government. At present the duty aisfeCtcry state of the:Cousoliciafed Fund; the first
was 201. epon'allroiffices of the. Courts, without' re; ,
,fleaollition, granting 7.26,0001, the unappropriated
gar(' to t4e amount of the income; HeMnauld pro- surplus of the Consolidated Fund on the sth
pose to reduce the duty upon the lower offices, and" April, was voted; and the,lteport ordered to be q"
to raise
.upon the higher offices. Upon_ all otlices, ceived to-anorrow. • . ' -
the itioarneof which should not exceed 601. no, duty REVERSION BILL.
should attach, upon nlloverl6ol. and under 1501; the Mr. Wit Iran alp tOok.a view of thea.ehole of the
duty would be 81.; upOn all ever 1501. and, under proceedings with reaped to this Bill,'
putt expressed
'of
3001. it was to• be hot. and so in proportion
:upon his fears that thellouse would have to regret the
higher incomes. It was also proposed to make sacrifice of its consistency without the assent er lb°,
some alteration in the duty, on indentures, but' not other House: .In consideration of . the wishes °L
to carry it higher than it was before the year 'fiiti-s, ' some of his frieuds; lie would not oppose the third
and in some cases to reduce it lower. There was ' reading. ' He understood thatti Noble Frietid 0- hiS
likewise some..additien expected from the dutyy-on "(Lord Porchester) meant tepropoie, after that stage!
Air optics'.. indentures.'* The duty at present on anis. souse Amencitneuts, Calculated
cies; Of indenture, to an Attorney. of the superior
~ till to its original forM, and with these lie would
Coiitts, was t fol. andof the inferior Courts, 5.11. 6010014 e.
..
.-111#.0 saints duty which:.applied to indentures 'The CHANCELLOR of the ExcuE(3llEll 04)13in.C4 .
to Solicitors in Chancery should also apply to his conduCt•in concerting With his Noble .Colleague
diso Proo for he could not soe wh wy, hen-the ad- to bring back the
(Lord ffawkeSbUrY) tile limitation proOsed by ltq.
vantage . was equal, the parties should nut be subs .in the other Reuse. Hp thought it titodereli6tionpi.
eCt to similar duties. Hs? proposed -that the sixty h . the unquali4ed assent he gave to tlie pritioal Billl,
of al. should .extend to- iiidentures-to the %Ts . this House, to 'agree afterivarda to 'a Mix"caii°
ters to the Signet in
.SCotland. , In the duty cowl, . tending to disarrdthe opposition he found made to it
lations and donation, a small alteration was to. ake •in the Lords. • . •
place, for where they gave the right as fully as in- Ms.. Firhosa,, Sit J. Teo•retaatt, Mr. Vi.hr•
duction and itistitution; the outy which did not at Loviiiiitv; and -MG ArYSR, SUp'pOrted'ille gill.'"4, I_.
present attach,. was to apply. With respell to en- LYTTLETON, Mr. W. Sgini rta and Lord Porr •
leoffinents, a small addition teas to be made, the TEEI, spoke agalnst.ito ' '
duty being at present only 11. loi. it was proposed to . The 11;11 Was then read a third time. ,
raise it to 31. y the 'duty:applicable to another mode . Lori PQRCHEST.ER 'expatiated at Some Wel .„...Pti
IA conveying.: real estates by lease and release. An the importance of paasitig the broad 'principle Pr t"'w
addition was also proposed to the duty on "the grant Bill, without limitation, -which the House cs\te d l'?.
of honours and prefermenta. The duty was at pre- , its own dignity, sed to the feelings Of the comae)
sent but enl. in all'ciises. lu Ireland, the duty on . and concluded by proposing to :bruit Pie word
the creation of u Duke, Alarquis, or earl, was e 001,•.; . " daring the inquiry ‘now• pending in the Hotisti"
on the creation of a Viscount. 1501.; And on the Commons," and also the word f‘ suspeod,'! th 'it:*
creation of a Baron 1001:. and tie could tee no reason • der to insert the word " prohibit." ••' ~ ~,.
why this Countryt should hot adopt the saute rate'of , _Mr.l3aNfte,s -again explained the prineines '?
duty which existed iti.that. Some slight alteration which he had been atluated in this
was to be Made in the deity upon the Grant of Leases • welch %%as, that since he could. not do all he wished'
of Crown Lands. At ptesent-it was 201. and where he wished to do all he could. While he dehei r
the lease 'was beneficial,' that was not an improper this as the course that his jt.tdnielf prescribed N
, the r has.
duty ; but lit, 11110qC presuit regulations, the : him, he" by no warts presumed to di4ate to oh- .
lealea of Crown,Lauds were no more; beneficial than, . If, contrary to his expedation, this Bill should meet
r
those of any, private iediVidual, • the duty ought not ; in the other House, with the sate of Its pfedecessha.
to be 'levied unless where the lease was beneficial.—..„ .: it would then be for' the. Crouse Of Commoni to
taiVcailir
The Public would not L:).t a lover by- this redndion, ; thentselves of the Constitutional Meani• ill 1,
because the party always paid leas in proportion' to ,' puWer for remedying the evil. , , , proceeditig!
-rs exist-
the ainoont •of the ditty. Upon the Grants of ~ • Mr.,KOSlNSON.stiptiorted the Bill la' 1 •
Money and PensiOns, it: was
.proposed that the duty ing 4tape, and •opposed the Noble Lord's Asnlen4".
ahould attach upoiothe ad valorem principle ortlhe i meat.
higher grants, though' it would apply on a reduce 6 ' Mr. TtERNEY supported the ArnelldiveV; i thr„
.scale to the lower. A duty was also to apply to Po- . Mr. STMIiENS opposed the amendlueLLt
sc tv)roved
warn' ' rift -e-
-hoes of leserauee en Lives,. which: had been ex- Noble Lord: .It had by no means been /- • oicei
erupted in 1•804, though there was .no reason why that the abolition if the practice of granting
amid ;t
.they, should be so exempted. Aoother head to in reversion was tnjuriouS to ()liable
which he wished to call the attention of the Corn- appeared to him to be .at least a very eilestiec,,,,4 .
mince, was the case of Promissory Notes resissuable assertion to contend.that it was. so. "a
deProf the
issued by persons calling themselves Bankers. He disunion between the. cohordinate••btatlcl'ess iiii,.
proposed that every 'person issuing such re-issuable Legislature ; and condennied in
Notes should pay twenty pounds a year for a licence! attempts that were making at such A warn-
TheCritlCuP
duty upon such notes was at-present threepeffecia riod as the . preseter when thcibtEiejleostituilv'ptirYoo.'4,w_it.l.T.
teoauctrtr,peanncdeleiea.cphr,opbosuted• Loenralihsee t
notes
eo t-duty
were
peop%a.alrbtl
eo meat had. but too many difficulties ,hoc93ten,_ „nit
Crown,
ten,.,
• to trench upon Ate Prerogatives of the
only in one place, the duty was to be six-pence each.
Anootthetrrasinlstfeerr7iiioignlnhetetsteadrews aosfrejloaitnivte
stotocthke
enotaiiin: by that means to increase those ditlicelties in a
fold degree:- .- -- ' -
ICantle-
neeug,
ma Sir
t} 14%!ciBtieftxDpEre-i-rssedretpilisiec.idstotontihseb.ntbriatroadt,.slsi.d
in
panics At-present the duty was collected Only in
proportion to the nominal value, but. it appeared 10
Ahismtothiaatwit parioeypowrteioren
already
~tah,eb.rreal value. constitutional doctrines'which he had. exi-r_'. the
an English-House of Commons.
hut•thoned; that no addition could'risitsiblY be made lowed that the effects prodoced by the Bitti,
,ceattto
so highly amendment of the Noble Lord;for although 11_.ulid
.to them. There were ,only seine small instances, h&bnt comparatively
pshrooceeleddbileigisr:
which he could scarcely' consider but aii'onnisions in if .—eitri-hencement of that ref eon whic,h .trlrtst ".q
the year I so.lp. ''hits he, proposed •a. duty of one gun somewhere'or other, if it were intendedl that
shilling on all. summonses before a Master in Chan-. • the Canhtry shoo' Id-be, Saved front the fate I
d. tft elacotth'
eery. With respect to Probates of Administration in overwhelmed so many nations of EtiroP-. -, coo.
Scotland, the duty was to apply-in the same manner merited Whir much severity on the ill-judged
inconsiderable:lt woutu sir.
ha.
as in England, As to LegacieS, :the duty applied on
all above twenty pounds,.exeept a residue, and then of the Bill in the other House was to be chid? 3,.1..
the duty did notattach till the residue amounted to
sod that the duty isnould appry - trio toil ; and advised them to cell to.tinh el'w
iistory,
duct of the particular persons to whom the retehtin.',..'
001. It was propo of the 'Engli.
~
trativil,
indiscriminately to residue and legacies." It remained when the necessity of the times and the in losiews
lection these better periods
for hint only te.explain haw the principle he stated of the people called for,Bills off'. Reston Batt
Hon.
was to apply to Conveyances. The duty at present_ .iiici hu-
watt 30 shillings on 'all conveYances of land. This )iief-'
7entleman spoke of treating •the'Ler sh i„stionir,
duty he proposed to lower' op the conveyances a .of 41115 of Revers:ton. The .way in NV 111Z1 the
niouring tlieir prejudices, remined li;su °r
_"°__': sob
smaller property, and to raise Win :propbrtion to the the Weaver, in the Midsum». ler Nigkes-Dr..70
thc
value on the higher degrees of properq. in all declares, that if they; will allow him to a"1.,".; %al
Jinn's skin,- he will frighten the Ladies, out
eases where the consideration should not exceed
1501. the duty was to be one pound ;' b t •that "roar like a sucking lainb,"
e ‘i een
•• .. of .“- -
and 3001—one pound ten shillings; betWien soul. . Mr. Wisinsisea did t%ot think that the meow e7l
and 5001. two pounds ten shillings ; between 3001. aboltshing'Reversions:Would be so product
itch.o.
and 7501. five pounds; • between 741.' and 1.0091. : vantage' to the o• as shine of its warrne.at Horn
seven ::pounds ten shillings ; but in no instance to., rates seemed to suppose: The insertion dillt
vi re_
exceed one per cent. 'upon the consideration. UpoP,. Baronetrthat it Would be the conimencernenihvolo_
thes instruments, and the re-issuable prernissiarici form, was to him no recominentlation 01 it,
~ 611:light
mite he calculated (or the advance in the amootW I _ing; as he did; the dreadful dangers vi.'hiet:,,h,l'of
\
of ,th . Stemplduties to.the extent of two hundred' : ensue from ' Misguided attempts ar reforlig".witeigh.
thO.LISaHtI pounds; IPd 60. had brought this forward', i which we: had had vtficient examPle. l'! „Le' was
before` the recess,, in order;that Gentlemen might., r bouring country. As to the corruption
~:her or.
have toe le'nger ephottnoity of considering the dif- 1 so gem rally auerteci to exist among the b'D

i