The Sun.
London, England, 1807-01-30 00:00:00

be
Eys-

•
letierat cattialatiOri: 'hiresult theat!atibtia- Otte,
meuts he bad made, was4„that.we had to leek to a
permanent annual expenditure, ,dering the war, of
41,977;0001. exclusive •el MI foreign dsmaealsa and
all variations in the price of stores. Frqin this point
we were to start to any future, arrangement
~might be thought advisa4fe th make, It
would be necessary, therefore, to raise 12,000;0001.
annualiy, by loan, to be charged on appurtiontuetlts
of the War Taxes ;detached annually fob' each Loan.
Iw"-all'haulties would appear to exist in the way of
this regulation:---first, that by the syst4:loidetach
jug pOrtion after portion for the payment of Loans,
theWariaaes Would be exhausted, and thus, at how-
ever dtistttnt a period, there would be an end of that
great-resource:; For this hehad this remedy,. That
such an appart ion ern mould be madeas would allow
ten per cent. for intere,t and' Sinking 'Fainclaan each
and,whatevet eicesses there should be over the
interest to be applied, td. the Sinking ,Fund. Calcu-
lating at 5 per cent, or, at 60, the present price of
Stack; the amount of 'interest and Sinking Fund
ld be ,1,260,0001. • If' the. Stacks should rise,
attlea4inkang- Fend ;thus appropriated would redeem
ttsportion of the War Taxes is . less than fourteen -
Years ; so that the whole resource of the War Taxes
‘vould, it- thus charged and appropriated, be at the
end of fourteen years aga in. hi-al-table to the Cuun try.
In the first year, 1,200,0001, of theWarrcaxes would
be thus apPropriated ; hi the second and third
Year, the sonic likewise; in. the
,fourth year,
.1,'400,0001; and in the remaining ten years,
"°OO,OOOl. eacii. year. Thus the whole-stock ot the
vyartaxes would not be,exhausted ita less than four-
teen years, at which period the parts fu'at appro-
'Priakd woad be redeemed, and would hve returned
its original vigour, tree and-available. The ar-
rangementalms preseuted a seriga which was inex-
4ustible,' each poraon • colniog successively into
lite and operanon; according as that 'preceding it
was ;alienated bra fresh- period of fourteen years.--
„aae ahaiges here-apoken of were by-nu means to af-
fect the Property Tax, which was to be kept tree and
triburthened, ii, ol'aer uiat there may be no necessity.
for Continuing tone day after the termination ot
the War. Tire second Oita ion to this apportionment
as, the necessity of finding fun& to replace what
!:Quid be thus detached from the War Taxes. This
''fficUlty would be easily obviated. Only 290,0001.
would be wanted.to make up the deficiency of tibia
Year, The whole sum of supplementary loans, 'tor
Which,taxes would be to be raised in the third year,
would be thus but 2,600,0001. To find. these taxes
would be matter of tittle difficulty, but what left no
toorn for the Slightest. appreaf,aision was, that annui-
ties to the amount of 355,3851. would have fallen in,
In the course of t be three hrst years, while the amount
°f interest of Supplementary Loans to • be: provided
c would be but a 79,9991. It would. be evident,
that it was-one.great objeEt with `his Majesty'sNinisters,to avoid increasing the permaneut taxes.
'trot to no oue of these three years would any
additional -tax-, be, laid on, and the- interest of
the tocMS- would not only be provided • for, but
a consoe::ible surplus would remain. In. the next
aeaea years not more than 300;0001. would be requir-
ed in 40) oae year, which woulu be covered by tile pro-
bable improvement of the War Taxes, and locking to
tdie tartntasaperiodto which theaeSupplenieutaryLoans
Vitlula be, wanted, that is 20 years, they could not in
Addition to the War Taxes„ create in any case an_ et-
of illions and-according to all reasonable
c4l.4"littton they wpAd:nor. go beyond three or four
b, 'iaasa—At the end of fourteen years, the pro-
,a`tula amount of new debts beyond. the Sinkng.Fund
fit
etild be but 3,4:5:0,00'Cif. supposing
ato con-tintie. fourteen yeara, there would but
Atotal -increase of...debt-of 3,459,000 i. kle would
are enter more- particularly into the • ceesidera-
aa" of the Sinking Fund. When Mr. Pitt had
'lltablished that Fund, he had anticipated the pais-
bs.o kt that might reSeTlYrnitiThs being cataied io too
e
awh , .',lt a beiaht • and therethre it had been provided,
' •
when it -should exceed 4,000,0061, the excess
‘,LlUtild be applied to the current public service. If
o`Lte Sinking Fand were allowed -to remain- always
operating- without restraint,. Mairiber of :capitalists
`47(taild be ruined by having theia,moneythriaWn back
into their hands without the means Of employing it ;
41'd what 'n't first seemed a -paradox, -n-aliontil bank-
tlll4as' ~Incy would finis be the immediate coria'eta6eiree of.
Payment of the Public Debt. The total -repeal
t",‘ •taxes also which woiaid-follow the =discharge of
whole debt, -'would be produCtiVe of general
7nkruptcy.among dui-se who had goods• ita store,.
ashieli had paid ...taxes,' and- which could hot meet
a
new and tnitaxad impbrtations in the . market
Oliout immense loss.- On theSe principles, Mr.
At thought it right-to-limit the Sinking" Fund in-
-01,6 to four millions-of pounds. But circumstances
‘74-so changed in 1802'; and the period at which a
41111.
itatioh would heehaw! necessary gas sea distant,
it at in the arrangement of the Sinking Fund at that
`the no. limitation was thought ncessary. That
th4B one objeation to the- arrangeinent -at the time,'
o(.l6:the benefits of the arrangement overbalanced
ao, ill was answered by stating, that Parliament
he-"( 1 provide the remedy when the mischief should
(.7.-t near. But, at the present timea the operation
.
tit the Sinking Fund was so great -and so certain,
a at the time may be well 'calculated when its-
tilcAint would -be detrimental, if applied wholly. to
beea discharge of the Public Debt, when'; Pyld
come a matter of wisdom -to limit it, and to aphly
cle:suralas to other:purposes. The year 1817 was
P, triad in which he thought these circumstances
°°1(1 have arisen ; and from- that period the ip-
Ce7st of the Supplementary Loans may he thought
at
defrayed wholly from the Sinking' Fund. The
th untoftheSiokingFund at present was 8;56a,0ool.
':
amount of the Public Debt in Money- value 'was
01tz!000,0001.—the Sinking Fund was_ thus in pro-
l hmetion of one .fortyasecond of the whole. In ten
e''rB the aOunt of,the debt in money value would
38kaunder thecircemstances he had already stated,
beia3b7;ooQl. money value. The Sinking Fund would
por'a2,7Vo,oool. being thus • increased from: the'pro-
the`!on,-cf one forty-second to one seventeenth of
4otwhole. Undertheae circumstances it would be
Justifiable, but desirable, to limit the Sink-
hi Lind, and to place a certain portion -or it at the
up*
seasai ,
ae a
arnaineni
se a r to' -iv
the interest of all the
be
0.0 tPantary Two other provisions would
of sioit'Pke !Oil to satisfy the stockholder as to the amount
isl ataaded "e
redeemed in a certain time. It was10 leave it -possible -that Oho whole debt
wei\kiebTr.edeetned in as abort a time 'as if loan of
4.Llhuns had been-each year funded. with a

, a
sthking evalth,totie p6l' c6fit. tie theta take t 1 t 6
portutsity.
,of stating, that the Supplementary Loans
would be funded with a Sinking Fund of one per cent..
By the arrangement he-proposed, 420,000,0001, ca 7,
pita! would be paid off by the Sinking Kind jut'
twenty years. According to the present system
only three hundred. and thirty millions could be
,paid off in the same period. The whole debt may
be paid otY by the new arrangement in seventeen
years, which was five years sooner ;than the time
calculated according to the , present plan. Thus
his pl3ll gave increased security to the Stock-holder,
improved the. Sinkirk Fund, and prevented a mis-
chievous accumulation of Public Debt, at the same
time 'that it provided for the extineticmpf the pre-
sent debt five years sooner than its ordinary course.
It remained to shew, that the Property Tax; could
not be committed beyond-- the duraiion of the war.
The War Taxes of Customs and Excise produced
n0w.p,500,0001. In the first seven years, it: would
he necessary to detach only 9,8.00,0601. of War
Taxes. It was to be hoped, that with improved re-
gulations 'for the collection, the present would,
amount to,that.. But .if the 'War should continue
seven years it would certainly be necessary to shew
that there were funds to keep the Property Tax un-
changed. .If have peace in three years,
the operation of the Sinking Fund must rapidly re-
deem the part pledged. If the war should continue
for seven years, and we sho!;ld then have peace, the
Sinking Fund would soon-set free- a large-portion.
If the war should continue beyond seven year;, it
could only be attended. with a continuance of. the
charge of appropriation for some time longer- after
peace. • Though he should propose a Resolution this
night to make good any deficiency that might arise,
he did not anticipate any deficiency, and he was
continent, either in peace or in war, the. result of the
ni4asure would prove adequate ti, his hopes. Here
the Noble Lord recapitulated the particulars of this
arrangement. It must be a source.of.nniverSll
tisfitctiOn, he was sure, that in arriving at the bene-
ficial results he proposed, the present Means and
resources-of the country would not be deranged hilt
confirmed. It would be provedlUthe Country and
to the Enemy that we possessed powers which,.under
this . arrangement; were superior 'not only to any
thing that -note: existed upon the face of the earth,
but to any thing that ever had existed, . The pro-;
posed improvements were. to beetle6ted by, nowtra
and tried means', and not. by accidental or uncertain
events. The impression that would be made on the
Country, and on foreign Nations, of this vast and
inexhaustible accumulation of financial means, rest-
ing. not .on theoretic speculation,. but on _prac-
tical reasoning, must give the most exulting, proof
of. themeaes we possess of carrying on the contest
in which ''e are engaged to- any -length Of thef:
through which it may ne -necessary for us to toil, till
we can obtain secure and -honourable peace. lie
should be sorry that this exulting state- of onr means
of carrying on the :war, should inspire a wanton de-
termination to persevere in it, if a peace, consistent
with honour and, securty, could be ()Slanted. But
if our future efforts for peace ihoUld be frustrated.
by the same ambition that hid recently destroyed
our exertions for that great objed, it would be a
tatisfattion • that we possessed, if not the means- of
subduing the danger, -at least the means ofsurviviug
it,.and of prottading-the contest till more faVourallle
circumstances should give a certaia-prospeelof secur.
ing. the repose of mankind. If the destruCtive peg-
tileuce,which had spread over Europe, and whose
baneful influence threatened .to devour the fair-
est portion of the globe, continued to rage with una-
bated hiry , it was some -consolation that we could
walk abroad tinhurt, preserving to our posterity, zlnd
not our posterity alone, but the posterity of y.other
nations, of ivikose rights and -liberties this country
was the be*t.bulwark,an-impregnable (hi-tress which
Secured them frOm being trampled upon, and from
which a-force r.nust-one .lay sally forth which can-
not fail to accomplish the general deliverance. It
would be a proud sensation
.to us, and a pleasing one
to every friend of freedom over the globe, that
_we
possessed such ample means to guard and defend a
Country which is the safeguard of the world; tei
ted those most invaluable interests the rights and
libel 66. which we had received frOM our ancestors,
and which, they -purchased with their blood; and
above all, to maintain, unstained and. uninsulted,
that pore character of British .r
fAh and British ho-
nein', which, if possible, giVe the British name a
weight even beyond its power. ,It remained now
only to propose the Inllowing Resolutions, which he
did, not inbanat present- to-ask the House to decide
upoti, but merely, to have them printed, and re-
served for further consideration oil Wednesday se'n-
night :

-‘-‘ That the several Duties of customs granted to
his Majesty 7 by: 43 Geo. la. c..• 70, by the 44
Geo. 111.- c. .53', and by the 46th Geo. In. c.
39,' and. also the several Duties of Excise grant-,-
ed- to his Majesty by the 43 Geo. 114. c. 81,
and by the 46 Geo. .111. c. 42,-shall- be lit-Hier grant-
ed.and continued, and shall be- payable in such pro.-
portions, and for such further terms. as may be di-
retited by any Ad or Arts of Parliament hereafter to
be passed for defraying the -charge of -any Loan or
Loans to be charged theteupon in manner hereinaf-
ter mentioned, than is to sav—

" That on every Loan to be raised on the credit
of the said several 'Duties, any of them, and cha
b-
ed thereupon, there shall be Set apart, out of the
produce of the said Duties,- and appropriated to the
ConsOlidated Fund ofGreat Britain, an Annual Sum
equal to Ten Pounds per Centum, on the amount
of the suns to be raised by every such Log!, out of
which Annual Sum the interest and charges of ma-
nagement of such Loan in the first instance,
be defrayed, and a sum equal to the re'iiclue thereof
shall be paid in each year by equal quarterlY pay,
ments into the Bank of Eng-Aand, and plai:ed to the
account of the ComMissionerS for the Reduction of
the National Debt, and shall be br them applied.in
the purchase or redemption of such Public Anerni--
ties charged on the Consolidated Fund of Great Bri-
tain, as they shall 'deem most expedient, until by
the operation thereof an amount of Capital Stock of
such Annuities, equal to the Capital Stocl, created
in consequence of every such Loan, respeaively, shall
have beep purchased or redeemed,, and that when-
ever and' so soots as such amount of. Capital
Stock shall have. been so purchased-or redeemed, the
aforesaid-annual sum shall be at the disposal of Par-
] is m

" That the'sei7eial 'D.gties granted to his. Majesty
on the Profit v-arising- -14-6 in fippetty, Profeslioosi.

' Trades aikt 'Offices, . Ly. the MU 43d Geo,
• `c, 45th'Gen. 111. c.• 16: and 46th GPO. 'We. 65:
shall 40. applicable in like Wanner lot defraying the
charge of auy such Loan or Loans, so long as the
contitme payable by virtue of the
and no longer.
That the total amount of ally Loan, or Loans to be
so raised and charged shall not exceed the sum Of
14,000,0001. in any one year, or of tot 0,006,0001.
within 14 wars from this time:
" That any tbrther Supplementer Loan or Loans
which may necessary for the, service of any year
beyond the Loan or Loans so charged as aforesaid,
on any of the several duties above-mentidned,
be raised on such terms, and subject to such condi--
tions of redemption, as are hereinafter specified—.
• videlicit, That an annual sum, equal to one ' per,
cent. on the capital stock created:in respe6 of every
such Supplementary 'Loan, shall be issued in equal.
quarterly paytnents to the-Commissioners for the
Reduction of the National Debt ; or that other-pro-
visions shall be made by Parliament for redeeming:
the same within 45 years Prow its creation ; and
every such Loan May be charged upon any Duties
to be,hereatter granted or appropriated by Parlia
meat for such purpose, or op
_Temporary ArL-
nuities which may expire, andbecorne applicable by
Parliament, conformably to the provisions of an Act
made in the 42d Geo. 111. c. 71.
" That its.. consideration of the large amount
which, by the effect of the foregoing R solutions,
wiil be applicable to the Redemption of the Nationql
Debt, beyond the sums which, in consequence of
any law now in force, would .be applicable thereto,
it is reasonable and expedient that the provlsions of an
Mt, 32d Geo. 111. c. 65, so, far as relates to .the Re-
demption of- theiseveraf Public Funds, created, or.
to be created, subsequent to the year 1804; .and
also that the provisions of an Act, 42d G.o. 'IL c; 7
so far as relates to the Redemption of the sever?'
Public Funds therein mentioned, should be sc,

. .
tered and amended as may be necessary-for -giving
effect to the principles of the said Acts, in such man-
lier as may, under circumstances,e present be
-__. . ... . . ....

rnost beneficial to the pilblic interests..
" That it is-expedient, that when,,,ver the whole
of the sums aliplicable to_the reduction of the Na-
, . .

tional Debt, by virtue of any Ad or A&s now in
force, shall have accumulated , to- an annual' amount
exceeding the amount of the interest payable in
cif all such public redeemable Annuities
created at any tithe previous to the sth day of. Ja-
nuary,lBo7, as shall then remain unredeemed., the
excess of such annual sums above.such interest shall
be at, the disposal of. Parbarnent, and, may be made'
applicable 'to 'the charge of any' Loan or Loans there-
after -tb be 01.3e.c1 or to such other public service as
ParhamenCtnay dired, but in such manner and toy
such etetit only as shall always „leave an. annual
sum applicable' to the Re'duetion of the National
Debt, sufficient to redeem eVery'part•thcienf, which
existed przwions-to the 22d day of June 1802, with-
in forty-five years, at the utmc.,st, from the said 22d
day (),f -June, t 802, and also ;sufficient to, redeem
every part thereof crc,ited 'subsequent to the'said .22d
day of June, 180,2, within: forty-five years at the
uttputtht:rom the date of its creation.

`What whenever „the annual stuns applicable to
'the Redu&ion of the National Debt in respeet of any
Loan or Loans to be charged'as aforesaid, in the gO-
- autieS; bufure mentioned shall exceed^ the
amount oft'the interest payable_ in..respeet of such
part of- the Capital Stock created in respe& of any
such Loan or Loans which. shall then ientain tire=
deemed, the excess of such annual sums above such
interest shall be at the disposal .o1:-.P,nlanent
time of Peace, but not in time Of war, find in such
manner and to such extent only, as that an amount
equal to the Capital Stock created by' every such
Luau respectively shall always be redeemed within
forty-five years from the date of the creation of such
Loan.

" That whenever the annual sums applicable to
the- rednaion of the National Debt, in respell of
any such supplementary Loan or Loans as aforesaid,
shall exceed the amount of. the interest payable in
respea of such part of the Capital Sitick ereated in
respeiA of any such Loan. or Loans as shall then
remain unredeemed, the excess Qf such annual
turns above such interest .shall be at the• disposal of
Parliament ; but iii such Manner and to Snell extent
only as that an amount equal to the Capital Stock
iespectivelk,, shall always
created by every such 149.11.,
'be ,redeeihed: within forty-fire years froni the date of
the creation of such Loan.

• • " That fOrthe purpose of ascertaining the due ex-
ecution of the regulations provided by the above Re:-
iolution, separate Accounts shall be kept. by
the Commissioners for the Reduiaton of the Na-
tional Debt, of all, Public the,
or Securizi3s pur-
chased or redeethed by the Sums veined ral them by
• i;irtueof any Ad or Ads now in 'force,7:or by such
Sums as shall be vested in them, in respe& of any
Loan or Loans chargqi on the.aforesaid War Duties,
or any of them, or-in respa-A of any Supplementary.
Loan or Loans to be i-eeed as atbresid ; provided
nevertheless), that the'-said several Sums may be
• pplied indiscriminately in the purchase.of any such
Pa'clic Funds or Securities the7said ,Commis-
sioners may think. exiiedient.
That an account shall be taken, and laid beforoH
this House, of the net produce of all the Pert anent-
MlXes for.three years, ending the sth day of.lanuary,
I_Bo7, adding thereto an Estimate of the future an-.
nual produCe of such of the said Taxes as have not
been in full receipt during that period, with-an ave-
rage thereof, and it the net produce of those Taxes
in the year ending the sth day of Tanuary, 180 a,
Lsog, and 1810, 'shall in the average of those three
years .exceed such former average, such excess, of any
part :thereof, shall he at the disposal of Parliament, and
Applicable to the charge of any Loan or. Loans
thereafter to be raised, or to such other. public ser-
vice as Parliament shall dire t, and soon successively
in, any future years, if the excess of such Taxes on
an average of three years, shall exceed the 'first
average by more than the amount of any sums which
may then have been charged thereon ; but if on any .
such three 'years average there shall appear any de-
ficiency below such average, together with such ad-
ditiOnal charge aforesaid, such deficiency shall, be
made good by Parliament.'

That an Account shall be. annually taken and
hid before this House of the net produce of the se-
veral Ntir Dulles atoresaid,and if upon an .average of
three years, from the sth day of January 1807, the
annual net produce thereof shall have fallen short of
lf ,000,0001. such. deficiency shall he.made goodiby

•.• ; '
Parliament, and so oti successively in any subsequent
year in'which awr Loan or Loans shall be created
and charged thereupon in ntanner aferesaid." •
To'a question put by Mr". ROSE, who -remarked,
that of course the Noble Lord was aware_ that the
Supplementary Loans would at as a kind of Sinking
Fund,

Lord HENRY. PETTY -replied iu,n. fey*. :words;
observing, that it was desirable to suspend any de,
bate upon the Resolutions until they were printed.
He wished_ particularly to state, that ..hesideii the
Resolutions, there. were set. of Tab.l6-illustrative of
the different forms and tootles in which the Plan he
had just detailed would operate, and,of Which, al-
though it could not, be regularly laid on the table
of, the House, he, would take care that every Mem-
ber should_ be provided with a copy. Conscious as
he was', that in the speech that-he had just had the.
honour of Making to the .HOuse, many particulars
had been omitted; and many things ob,:curely stated,
he declared, it would give him pleasure to atibrd•
-every possible information to 'the House on thi
subjed. •
Mr. JOHNSTONE, although he allowed that it
would be preferable to postpone the debate until. af-
i
ter the Resolutions should be printed, yet thought
one skirt observatiOn necessary ; because if the im-
pression made by the Speech of the Noble. Lord were
allowed to go abroad, the eounry might he induced
to entertain an opinion,wiiich could never be realized.
The 'Noble Lord had dkplayed -great talents And
great eloquence,• and the display of those talents and
that eloquence had been clearly evinced by his leading.
the House, at such. a Moment as the present, ev hen
the Income Tax pressed so hard upon the necessities
of the people, and -when every alleviation of the
burthens imposed by that tax liad.;been_ to unprr~ee
delllC!4y, and so steadily refusc'd, to listen to a detail
of the mischief .would .arise 'pa.yrheiit
of all their debts and from the :relief troitr'.all
their taxes. All the Noble
ceedcd on 'Ow suppoilion that expendi-
ture of the 'country ‘vould is eKceed
Grant turn that and lest follo•,,fed. 'What ha,: been
the e'onsequenceof a,similar,we held out atthe be- ;
ginniug of
}the war, namely, that the war could be
carried on without any' increase'of debt, by tile ope- ,
ration olthe Sink ing•ii'und 'ft. w'is sure :he should"
be suspeCted of derogating from t.,e lmar,o
and talents of the -Noble Viscount then ai, the; head
Of his Majesty's GoVernmcnt; for Whom he enter- .
tained, the higheSt respe& ; but undoubtedly the re-
sult of those expeaations was,.that in t het-Qum! year
ofthe: war our debt h.-id increased near 50,000,0001,
on aecotint*of Etigrand, and 17,000,0001. on account
of Ireland, being at the average rate' of t 7,000;0001.
annually. He feared a similar re.,ult' would follow
the, Noble. Lord's calculations. He had omitted to
. consider the necessary enhancement that
.Must -take
place in the price of every article rt-iuired for the
service of the Country. He had, made no allowance'
fbr that which was hieyitable,- the qituatiou of the
Continent, which would call for ess:.ani;ii
this Couirtry: 'There was 'titiO:hcr point 'which
must immediately cause the total' Tanure ofthe
This was the, state •of cbarge.s
of a civil narere in Ireland amounted
while the whole receipt 'of the Exchequer did
nut exceed 3,00,0001. At would; therefore, be
Out of the
.power of .Ireland:taraise-withio herielf
the interest of the tiv4:millions. The Noble Lord
had totally omitted to notice what must be therestAt
when the two Excheqtters of England add Ireland
siwuld be united: Theo the Whiale of the interest of
the five millions must be .England, as Ire-
land was unable to do it within herself. Many other
points might be 'mentioned, but these were enough
to induce the liouse.and the Country not to he too
sanguine in their expe:aations of bqing enabled
to carry Oa the war for twenty years without
incurring any additienal bluidenS: At was an expec-.
tatiou that could never be realized, 'and the disap-
pointment of the people would render them more
prone to.coinplain, of the privatiOns to which they
must necessarily be subje&. He could not resist say.,
ing.these few words, even under the'disadYnntage of
the impression, that had just been made by the Noble
Lord's eloquence.

ARY PETTY,. alluding to that part of
the Hon. Gentleman's observations which related to
Ireland, said, that the Hon. Gentlethan must be
aware, that the finances of Ireland rested on a foot-
ing totally distinft, from those of England that the
system, therefOre, with regard to the War Taxes,
could not possibly at present extend to that- country. -'
Mr. HILEF: ADDDIGTON defended his. Noble
relation (Lord Sidmouth) frimn the attack that had
been made upon him. What lie had declared at the
• commencement of the war. was, not that the war
could be carried on without, any increa.se/of debt,
'lna, specifically, that if the exrmees pf the . war
should not exceed twenty-six millions annually, no
increcte of debt would become necessary. •
Mr. PARNELL, in the absence. of an Hon„:Bart.
(Sir John Newport) who had been corr,,pelled, by ,
indiSposition, to leave the House, declared,:that ow-
' ing-to the exertions made in Ireland during the last -
year, the revenue of that.Corintry had bejen increased
half a million. 4' fizw years since the revenue of
Ireland was little MO re a million ; it now
amounted to 'nearly four millions. The increasing -
trade, and the. abolitibti of injurious restrictions,
would probably soon augment this revenue; and soon
make the anUual income of Ireland bear. the same
proportion to her annual ex`penditure as the annual.
income of Great Britain did to her annual expendi-
ture.

•
it CORRY regretted that the Hon. Gentleman
.ppbsite (Mr. Johnstone) had made statements so
unguarded, and which were so likely to afled any
coutrad for a Loan for the Seryice of the Country
to which. these statements applied. Be. differed,
completely in'Opinion from thq,pon,. Gem ir
di.na
that subje: bat
t it would he improper at present to
go into apy. details on the Finances of Ireland.
expresSed himsgif highly satisfied with the state-
ments-made by the Noble Lord, and had no doubt
that his satisladion would be' participated by eve
man iii the Empire. . •.

• .
Atter a few words from Mr. JOHNSTO)JE
.and Mr.
VANSITTART, the House was resumed. The Chair-.
Man reported progress; and obtained leave to sit
again on Wednesday se'nnight.
oRptIR.OF COUNCIL.
Lord HOIVICK requested the Learned Gentle-
man opposite, ai a matter of personal favour to bin),
to put off his Motion which stood tor .Tuesday next,
respelking the Order of Council which related to the
Trade with Neutrals.