The Sun.
London, England, 1807-01-31 00:00:00

(REPLY.)

•
, I
" have received your •Letter, stating that
the chance of arms •is uncertain ; that,You have 'the
superiority in numbers I have no doubt, and the
comparison-of discipline is very unnecessary tOr me
to make.—l did not conceive I had entered, tl.iis-
toWn vvitluyt Opposition,.after having twice-defeated
an enemy : and wishing still to maintain the,esteeM
of my country, and the troops under my orderS;
have.only to inform you, that I shall defend myself
as long as prudence permits.
Por the calanuties which fall, upon this town
no one will "feel more sensibly than I shall ; yet. I
have the consolation, that if all its inhabitants gted
according to good faith and honour, such calamity
would have been far distant
I remain, Sir, your humble Servant,
_ (Signed) W. C. BERi'ORD."
" ecildnel Liniers, &c. &c. &c."

1 . MALDoNAno.-e 'have been favoured with th'e
following letter fioth an Officer, which affbrds many
iiitereking additional 'particulars of the citpture of
i this plaCe :---
CoPir Or A LETTER FROM AN OFFICER IN THE 38TH
REGIMENT GF rpoT, DATED MALDONADO, NOV..
4, 1806.
" Here we 6ye been these last few. days ; every
thiritto7aS arranged for the attack of. Monte Video
by.ttOrtri; under the command of Colonel VASSALL.
.-47nfortdnately the ships egad not get near enough
t&tmake a breach, and froth 'our hfivininp grin, it
was not 'practicable to earl-y. 1.4 by land, the town
being regularly fOrlified, and an -innuinerablepum7
her of heavy gting mounted.—We g.,tt under Weigh,
. and i:7atne offhere, which ii. fourteen I,2apies from -
Monte Video. Four Companies Or the 3A'th, with
'Some Dragoitis, he4-11,d:liy Colonel VA SALL-, land-
ed and .adv'anced towards the town, which is only a'
mile from the- beach. T'leenerny, soon opened a
fire ofgrape and-round shot at us, without injuring
us 'in :the smallest :degree. - Oiir ColOnel'treated -'
',them with thenttnosti *contempt; as. he would not
allow the men' to fire a &thee shot, but advaneed to
take their guru, With the bayonet. When ,t'e got.,
within about fortv•yards of them, -they discharged a .
Howitzer loadedLwith grape shot at. tr:, and -only
'killed one of the grenadiers. Our 1 brave fellows .
then rushed fOnkard, and drove the eneniy from
tlien' gbns in great confusion, leaving about: severity
behiud, who :were bayonetted in the charge, which
vias continued tip the street, when three of our °Te-
ti
nai.ije4 Were badly wounded froth the windows. A
Spanish Otlieer fired atColonel YASSALL, who was
in the act ofsaving.his lire, but fbrtunately missed
Wiri, thOuvii the miscreant put.his pistol so„close as
to search the ,Colonel's pantaloonC: the colone ;
.had no pistol, and. I was. too far :from him, , employ_
ed in, binding .up the wounds of one of 'the men
who Was shot through the body and atm,. to render
thi'asi;istance I could have wished.. Our gallant ,fel-
lows behaved like heroes—though the town was ,
carr=ied with the bayonet, hot a woman,. child, or
old.tnan were hurt. . Our further operations are not
known,' at least totne.: We are most anxious for
sufficient t:einforcernents from England to enable
t. 11; to release General BERESFORD; and ilwe ate for-
:tunate euoug,hto:effeEt it, we will do it in good style.
--:Our li‘iss was two,grenadiers killed, and twenty-
:three wounded." ' ,

Lient..Colonel HUTCHINSON, late of the 83d Re-
gitrient, and recently on the
.Staff, is appointed In-'speaing Field Officer of the Waterford _Recruiting

We are, rejoiced to hear, that the Bavarian, Wit.-
temburgh, and other property of the Rhenish Con-
federacy, detained by our Cruizers, will become
droits to the Crown—of course our gallant Seamen
will be remunerated, and have their expeaces re-
paid.
The Judges met yesterday in the King's Bench
Treasury Chamber, and chose their Circuits for the
ensuing Lent Assizes, as under, viz.
NOR FoLK —Right Hon. Lord Ellenborough, and the lion.
Mr. justice Grose.
MIDLA ND - Right Hon. Lord Chief justice Mansfield,
.i.nd Hon. Mr. ifil(011 Graham.
Hem & Right Hon. Lord Chief Baron, and Hon, Mr. !us-
tice 'Heath.
(..)x ro --Hon. Mr. Baron Thomson, and Hon. Mr. jus-
tice Law rence.
No a T N —Hon. Mt. runice Rook; and Hon. Mr. lus.
rice Le Blanc.
Wks-frail—lion. 14r. justice Chunbre, and Hon. Mr.
13,4011 Sutton.

!vM(7 Frzkrocur, :81"STEff.

.AYtigle'havini•l;leetl published inCorrc~c}l~,
'Nve submit.it to-.slpr }teaActi;itia.titure accurate shape
The .Nev- 'Finance- ha 7„ for . its obje4,
to provide the means of maintaining the honour and
independence .of the British Empire,. during the ne-
'eessary continuance of the War Without perceptie
bly, increasing the Burtheris of the Country, and
'with manifest benefit to the interests of the Pub-
lic 0-editor.
The, proposed Measure is grounded on the
flou-
rishing,stateofthePermanent Revenue ; 'On the great
produce of the War Taxes ; 'on the high and accu-
mutating amount of the Sinking Fund; and on some
inferior aide to be, derived froth Revenues set free by
Annuities originally
,gratif-ed fir a term of years,
and now expiring. These circumstances, so favour.-
able to the itaroduaion and maintenance of a new
System, are jnstly to be attributed to the N*-e, pro-
Videtit,, and spirited exertions, which have had the
concurrent support of Parliainent'and of the People,
4ring the whole eventful period of the last twenty
Years.
The' Plan is adapted to meet a scale of expendi-
ture nearly equal to that of the year 1806; and it
assumes, that during the War the annual, produce of
the permanent
.and temporary revenues will continue
equal. to the produce of the,same year 1806.. It is
rideratoOd, that any further or unibreseen charge,
or any deficiency of revenue; shall be 'separately and
specially provided for.
Keeping these' premises in view, it .is proposed,
that the War Loans for the
,years 1807, 1808, and
1809) shall be twelve millions annually; for the year,
1810, :,fourteen millions ; and for each of the ten
folloWing years, sixteen millions.'
Those ,several Loans,ainounting for the fourteen
Years to b Million's, are to. be made., a charge on
the War,TaZes, ,Which are eistimated'th produce 25
millions annually.
The charge thus thrown 'on the War Taxes is
meant to be at the rate of 10 per cent. on each
Loan. Every 'such Loan will therefore pledge so
Much of the War Taxei as will be equal to meet this.
charge :7-that is, a Loan of 12 milliOns will pledge
1,200,0001. of the War Taxes. And in each year,
if the War should be continued, a further portion of
the War Taxes in the ,same manner, be pledge
ed ; and, consequently, at the end of fourteen years,
if the War should last so long, 21 millions, the
whole produce of the War Taxes, would be pledged
for the total of the Loans, which would at that time
have amounted to 210 millions:
. The 10 per cent. charge thus accompanying each -1
Loan will be applied to pay the Interest of the Loan,
and to form a Sinking. Fund, which Sinking Fund
will evidently be more than 5 per sent. on such of
the several Loans as shall be obtained 'at a less rate
of interest than '.5 per cent. • •
It is well known, that a 5 per cent. Sinking Fund,
accumulating at compound interest, will redeem any
sum of capital debt' in 14 years ; consequently the
several portions; .of the War Taxes proposed to be
pledged for the several Loans above-menttoried, will
have redeemed their respeeilile loans, , and be suc-
cessivelylibereted, in periods of 14 years from the,
date of each such Loan. The portions el War Taxes
thus liberated, may, if the war should still be pro,
longed, becen-eapplicat:lle in a revolving series, and
May be again pledged for:new, Loans.
. It is, however, sbewu by the printed• Calculations
and Tables, that, whatever may be the continuance
of the operation, the Property Tax will not be pay-
able beyond. the period for which it is now-granted
by the 46 Geo. 3, de 65,but will, in every case, be
in force only during the war, and until the sixth
day of April ne:;.t after the notification of a Detini,
tive Treaty ;el l'.2ace,.,ond no lonpr.
It nett to be observed; that the charge for the
Interest and Sinking Fund of the proposed Loans,
beo taken from the annual produce' of the War
Taxes, a deficienCy equal to`that charge will be creat7
ect in the amount Of the temporary Revinue ape
plicable to the War E:iperiditiiree
' Supplement iry' LO:zns will be requisite to make
goad that' d.Aciency.
'Those ~Supplernentary Ldani. Must increaee iii
Pf•opo:'titin ;o the increasing deiiciene, -if the War
should be'coritinued ; but the wholeamolint of the
Loan, in any one year,' incliiding that ehareed upon.
the 'Afar Taxes,' end the Seppleneentary Loan; will
never, even in e period of twenty years' War frerri
the present time, exceed five millioes in any year,.
beyond the amount td which the eumbitied
Fund of that year will hae been raised ; and, upon
an average bf those t‘venty."yearS, will not exceed
3;800,0001.-
It is proposed that the gupplementary Loans
shall be •-fin-Med on the established system of a Sink-
ing Fund of one per cent. on the nominal capital.'
The charge sb created will be provided for, during
the first' three years, by the expiring Annuities ; and
daring that • period the 'Country will have the great
benefit of an exemption frbin all additional
thous.-. A new spring,iflay, thns be given to the
energy of our commerce ; at all. events it will ob-
tain a security from the, increased pressures which it
must otherwise experience,morn .
1810, and for the ,six following year's, a.
charge must be provided for, amounting on the
average, of those seven 'years • to not more than
20,0001. annually : a sum in itself so small, in
comparison 'with the great additions which have
necessarily been made to the Taxes in each year for.
the last fourteen, years, that it can scarcely be felt,
and cannot create-any difficulty as to the means of
providing for it :7-But even this comparatively small
amount may probably be much diminished by the
increasing produce of the actual Revenues, and by ,
the regulations for their farther improvement.
And thus provision_is made, on the scale of aetual
expenditure, for ten years of war, if it should-be
necessary, without any 'additional Taxes, except,to
the inconsiderable amount • above stated. At the
close'of that period, taking the three per cents. at 60,
arid reducing the whole of the Public Debts at that
rate to a money capital, the combined amount of
the Public Debts will be 387,360,0081. and the
combined amount of the several Sinking Funds then
existing will be 22,20,0001. ; whereas the present
amount. of the whole Public Debt taken on the same
scale of calculation is 352,793,0001, and the present
amount of the ,Sinking Fund is no more than
8,336,0001.
If the War should still be continued beyond the
ten year. thus provided for, it is proposed to take in
aid of the public burthens certain excesses to accrue
from the pre's'ent Sinking Fund. Thar FI

Mr Prtt (the great Author of /'systetit that
immortalize his name) originally
.'ptop.ose'd Iftiiit
to with th‘verit large
'additions derived to it tio'in this new Plan; .gave
aecuthulated, [lli 7, to So large an amount
millions sterling. In the app!ication such
neither the true principles of Mr. PITT'S systberr, nor
any just view .of the real interests • 'of the Nblic,
even of the Stockholder himself, can be considered
'its any longer opposing an obstacle to the meatA'cif
Obtaining at such a moment some aid in alleViatfori
of the burthens and necessities of the Country. But
it is not proposedin any case to apply to the 'citargd
of new Loans a larger portion of the Sinking Fond
than such as Will always leave an amount of Silikeig
Fund equal to the interest payable on such p:;rt, of
the present Debt as shall remain unredeemed. Not
is it meant that this'or any other operation of Finance
shall ever prevent the redemption of a sum equal to
the present Debt in as short a period as that ift
which :t "wt t - have been redeemed if this new
Plan had I%t,_,.been brought forwarcL Nor , will
the final redem.tion of any Supplementary Loans
be pestponedbeyond the period of forty-five years;
preScribed byithe A& of -1792 for the extin6tion of
all future Loans. 'While each of the annuAAVar
Loans will be successively redeemed in 14
from the date 'of its creation, .se long as the War
shall continue ; and whenever Peace shall come;
will be redeetnedalways within .a period fir short of
.the 45 years required by the alcove-mentioned
In .the result theretbre of the .whole Measure;
thek* will not be inaposed any New Tares for the
first three years from this time. New Taxes of less
than ,300,0001. on an average of seven year's froni
18j0j0 G, both inclusive; are all that will be
necessary, in order to procure for the Country the
full benefit and . advantages of, the Plan lime de•;.-
scribed ; Which will cuutinue for twenty years.,
during the last ten Of which again no new Taxes
whatever will be required. •

•
-It appears, tilerelb re, that Parliament will be en-
abled toiprovide for the prohpnged:Expenditure of a
,necessary War, without violating ally right or in-
terest whatever, and without -further bur
thens on, the country, except to a sninil and limited:
amount : and these purposes will be attained with
benefit to, the public creditor,: anti in stri& conform-
ity, both to the wise principles on Which the -Sink-.
ing Fund was established, and to the several Aas of
Parliament by which it has been regulated.
It is admitted, that if the War should he prolong
ed, certain portions of the War Taxes, with the ex.-
, teption of the ProPerty Tax, will be more or lesi
pledged for perk*, in ho case exceeding fourteen
years. aow far some parts of those Taxei are of
description to remain in foree after the War ; and
what maybe the provisiOn to be made hereafter for
a Peace Establishment; probably' much larger than
in former periods of peac, are considerationg which
at present need not be anticipated.
It is seasonable to assume, that the means and re.:
sources :which can no maintain the prolonged ex-
penditure.' Of an extensive War, will 'be invigorated.
and increased b) the- return Of peace, -abet will then -
be found arliply sufficient for t!lc exigencit!s of the'
public service. Those exigencies must atoll e, enti
be comparatively small, whatever
,may still be the'
trouble and precarious tirctintstirices of EnrOpe.
• Undoubtedly there prevails in the Country a dis.;
position to make any farther sacrifices that the safety,
independence;' and honotir Of the Nation may re-
quire : but it 'would be an abuse of that) disposition,'
to apply it to unnecessary and overstrained exer—
tions. • And it must not pass unobsetved, that in
the supposition of a continued War, if the Loans for
the Annual Expenditure sliould be raised according td
the system hit herto.pursued, Permanent Taxes must.
be • imposed 'aniciihlting in the period -asstinQd, to 13
milliong additiOnal revenue. Such, an addition
would add'heavily to the public bath-tins, and would
be more felt after the return of Peade that) iiteinpo:.
airy continuance of the. War Taxes.' In thi! meaii
time, and amidst the other evils of War, the Coun-
try would be subjected to the accuamtated.pre4the
ofpll the old revenues;and of the War Taxes, and
•of new Permanent _Taxes...
The means of etieauating a plan Of steli
illgp§C importance, .arise partly front the extent tO t
which the system of the Sinking Fund has already,
been carried, in pursuance of the intention of its
author, and.patqy from the great.exertions triade.by
Parliament, during the War, ~to raise the War Taxes
to their present ,very large amount. It now appears •=
that the stronvne:isure adopted hi .the'last'Se;sion,
by wiTichall. the War Taxes;‘ and particularly the.
Property Tax, were so much augmented, li,as a step''
taken not
.merely with a view to provide for presentlie'
cessities, but in order to lay the .fonridation of a sjrstem'''
which should be adequate to the full exigences Ofithif
UnexpeEted crisis, and should combine the twb ap-1
patently irreconcilable objects, of relieving the,
Public from all future pressure of Taxation; and dt.
exhibiting to the Enemy resources by which we may
defy his implacable hostility to whatever period 'it
nlay be prolonged.
To have done this, is certainly a reeOmpense • fink -
many sacrifices and privations. This is considera-
tion which will enable the Country to submit with-
cheerfulness to its present burthens, knowing that
although they may be continued in part, fora bathed
time, they will .now be no further increased,