The Sun.
London, England, 1831-01-06 00:00:00

THE FUNDS.

The small deficiency in this Quarter's Revenue appears
to give great satisfaction to the public, considering the
taxes which have been taken off, but owing to the French
Rentes having come about 1 per cent. lower, our Funds
have rather declined. Consols, which left off yesterday at
81 for the Account, opened at S2l I, since which they
have been done at Sq.

According to the private letters from Rio, it appear:
there has been a change in the Ministry. A new Minister o.
the Treasury has been appointed. The exchange is 201 4.
-
In the Foreign Market nothing doing as yet.
HALF-PAST OIVE O'CLOCK.

We have now received the intelligence of the breaking
up of the Russian army at Vilna, as well as the Empe
rorpr,,clatnation, calling the Poles again to obedience ;
but which we suspect they will not comply with, as by
private accounts from Berlin, we understand that the.
Poles are determined to catty on a war of exter-
mination ; that on the approach pf the Russians,
should the Poles be defeated, Warsaw will experience the
same fate as Moscow, as well as every other town or
village. The Russian army must, therefore, take care to
be well provided with provisions, as it is the intention of
the Poiea to lay waste the country as they approach.
The accounts also state that great desertion prevails in
Prussian Poland, even of persons of high distinction,
who are going to join their brethren in tams. The
writer adds, that the Poles are confident of obtaining the
first victory ; but this we imagine must be rather doubt-
ful, unless the Russians attack them with an inferior
force : but in a few days the great anxiety which pervades
the public mind on the unfortunate situation of the
Poles, will be relieved, as the distance from \Vilna to War-
saw cannot be more than two hundred miles, which the
Russian army can accomplish in ten days.
Consols, which continued most part of the morning at
824 a, are now 8.24 fur the Account.
The private letters from Paris this morning explain the
cause of the fall of the French Rentes, which is attributed
to the French Government having issued 10 millions of
Bans Royaux or Exchequer Bills, at 5 per cent., and as
the stockholders there can borrow money upon their
Stock at 4 per cent, per month, they throw their Stock
on the market, and discount the above bills at 5 per cent.
In the Foreign Market, Spanish Bonds are higher.
Accounts from the Imperial Brazil Mines state that they
have obtained 91b. gold for 16 days.

THREE 0' CLOCK.
Consols for the Account, 82 a.

INVERNESS-SHIRE ELECTION.—The elec-
tion of Member of Parliament for this county, vacant by
the appointment of the Right Honourable CHAS. GRANT
to be President of the Board of Cuntroul, took place at
Inverness on Thurday. BALLINDALLOCH presided;
LO AT moved that Mr. GRANT be re-elected. There
being no other candidate, the right honourable gentle-
man was unanimously returned.—Edinburgh Evening
Courant.

There is now, unfortunately, little doubt en-
tertained but that the destruction of Lewisham church
was the work of incendiarism. From what has transpired on
investigation, it would seem that the diabolical perpetrator
bad elected his purpose by applying the destructive means
at three different parts of thenchurch. wish Gazette.

4.—That taking, instead of the above ave-
rage, the average of ten years, ending
sth January, 1814, it will be found
that the yearly amount of excess of the
real value over the official was, per annum X 14,837,371
s.—That upon a like average of the ten
subsequent years, ending sth January,
1819, the excess of the real over official
was, per annum
6.—That upon the average of the last 11
years, ending sth January, IS3O, the
real value, which had in the preceding
years exceeded the official by so many
millions a year, rapidly descended, and
became below it to the immense extent
of, per annum 11,671,033

8,705,248

7.—That, by adding the average depres-
sion of the last 11 years below the
official to the excess of the preceding 10
years, the depreciation will amount to
above .... 20 Millions.
And, if added to the excess of the 10 still
prior years, it would amount to above... 26 Millions,
That the highest point of excess of real
over official value was in the year ending
sth January, 1803, when the exports were
1803.—Amount in real va1ue.f45,102,330
Ditto in official value 25,195,893
Excess of real value --
The lowest point of depreciation was in
the year ending sth January, 1830, when
the exports were-
-1830. —Official value . £55,465,723
Real value 35,212,873 A
Decrease of real value

£19,906,437

20,252,850

Making a depreciation in real value of .f 40,159,287
S. That at the commencement of the last
Session this House was assured by the
Government, in the Speech from the
Throne, " That the exports had exceeded
those of any former year, and afforded
indications of active commerce, although
it was admitted that distress existed in
some places." It appeared, however, by
Papers subsequently laid before this
House, that although the exports had
exceeded those of the former year in
quantity, as denoted by official valua-
tion, to the amount of £3,445,955
Yet in real value they were below those of
the former year

937;506

Being a depreciation in that one year of X 1,383,4.61
9.—That it appears also, that while the ex-
ports had thus exceeded the former year
by official nominal rate, the imports of
that year by the same nominal rate were
less than the former by £1,225,538
Whereby it appears, that while the quantity
had thus increased over the prior year
nearly three millions and a half, the im-
ports of the same year were nearly one
million and a quarter less; and also the
imports retained for home consumption
were less by £1,902,324
10.—'Tat it also appears that the imports
of last year were less than. the exports,
both taken at official value, to the
amount of £10,808,926
And of these imports above three millions
and a half was in corn ; and in the last
four years the importation of corn has
amounted to above nine millions.
11.—That setting aside the official valuations, and com-
paring the actual value of the exports of latter years
with those of the former, an alarming decrease will
app..ar to have taken place in the foreign trade of the
country, as will be seen by the following averages,
taken from the same document :
Ten Years ending YetraNl.duge..t of Decrease.

Increase.
£37,335,763
41,850,117
35,517,609

Jan. 5, .10S
- ISI
IE3O

X 4 ;29.1,:352 I
X ( ~3:12,:1a 7

Whereby it appears that upon an average of ten years,
ending sth Jan. 1819, the exports had increased, and ex-
ceeded those of the previous ten years above four millions
and a quarter per annum, in a fair ratio with the increase
of population.

12.—That the exports upon the average of the last eleven
years, compared with the previous ten years, have, not-
withstanding the great increase of population, fallen off
above six millions and a quarter per annum,
That the imports, it will be seen, taken by the same
official valuation, bear no proportion with the exports;
the latter have increased, from 1789 to 1830, from
eighteen to fifty-five millions, being an advance of thirty-
seven millions ; while the imports have increased in th

same period from twenty-five to forty-tTo mTians, !,eing
an advance of seventeen millions,—not half the foi mer.
Yearly imports upon the following aver .;es :
Ten years ending Jan. 5, 1808 £26,596,444
_.--1819 30,182,952
1830 36,292,605
13. —That, taking the imports and exports
each at official value,it appears, that upon
an average of fifteen years, up to 1815,
the imports have exceeded the exports by
more than, per annum. ........
That upon a like average of sixteen years,
up to 1830, the imports had fallen short
of the exports to the amount of nine mil-
lions and a half per annum
14 —That the exports and imports being
thus taken at a like valuation, it becomes
a matter of grave consideration to what
cause to attribute such a relative diminu-
tion in the imports as nine millions and
a half per annum for the last sixteen
years, when they had, for the fifteen pre-
vious years, exceeded the exports by
nearly three millions per annum.
15.—That, without attempting to draw
conclusions from such coincidental cir-
cunistances, it cannot escape observance
that periods of the greatest fluctuation,
depression , and distress, have occurred at
periods when certain legislative measures
have been either under consideration or
in operation, of which the following are
instances :-
16.—That by comparing the year ending
January 5, 1818, to the year 1815, a
period of three years only, the deprecia-
tion in the real value of exports below
that of the official amounted to.
17.—That the reasons then assigned by
Members of the Government for such de-
pression and distress were, a revulsion
from war to peace, and the preparations
making by the Bank for the resumption
of cash payments ; and, in 1817, a Bill
was passed for prolonging the Bank re-
striction for two years.
18.—That the year ISIS was comparatively
a prosperous year ; prices had so far re-
covered that the depreciation became less
than that of the former year by
19.—That in the year 1819, measures were
adopted respecting the currency ; prices
again declined ; a period of great distress
ensued ; and in the year ending sth Jan.,
1825, the depreciation had fallen so far
below that of the year 1818 (a space of
six years) as to amount to £13,644,526
20.—That in the year 1822, the Small
Note Bill passed ; and in 1825, prices
had again so far recovered, that, com-
pared with the preceding year, the depre-
ciation had been lessened by........ £2,049,239
21.—That in 1826, measures respecting
the currency, and other measures which
were said to have for their object the ex-
tension of commerce and navigation, the
improvement of trade, the increase of the
manufactures, and the removal of public
distress, came into operation ; but, not-
withstanding the confident assurances
held out, great distress and embarrass-
ment has followed, and continued, with
more or less severity, to the present time;
and in the year ending the sth Jan.,
1830, cornparei. with 1825 (a period of
four years), the tiepreciation had further
increased beyond that before stated, to
the amount of £11,687,158
22.—That under such an alarming depression in the value
of the manufactures and produce of the country, affecting
so deeply all its productive interests, rendering taxation
nearly double in its oppressive operation, and bearing
has are
become‘v i suffering
)e
,
greatest with such peculiar severity upon all the middle and
labouring
distressclasses
and of
privation,
society,
ito
necessary to adopt the most speedy inquiry, and to devise
the most efficacious means for relief.
23.—That without at present giving any opinion as to the
causes, or the remedies, this House cannot but express
its confidence that his Majesty's Government will satisfy
the just and anxious expectations of the country, by a
prompt and effectual inquiry into the causes that have
produced such difficulties and distress, and adopt such
measures as may be best calculated for their removal.
December 1830.

X 2,800,000

£9,500 000

£9,130,825

£2,103,827