The Sun.
London, England, 1807-02-20 00:00:00

TRUEST, in the course of which 'Mr. N)rhidlireat..l .re-
ceived many compliments on the talents, and dili-
gence he bad evinced, and the propriety of dividing
his Bill into two or moraßills wee. suggested,. the
Motion was, agreed to..
FiNANCIAIL. RESOLUTIONS.
Lord' H. PETTY moved that' the said Resolutions
be now read a second time.
Sir J4.*ES PUL-TEIVEY was aware that
in-
jury would accrue to the Stockholders of the Coun-
try by interfering with the Sinking Fund. The
benefit of the Stoelcholderearises from. the venal
of Sinking Rind brought ;into- the market. In
the year 17g1, . the them:per cents. reached 96. e..
Heaves sorry to say that We could not equalize the
Loan with the. Sinking Fund. The present debt,
money capital, . amounted to a.i2,957,0001.. the
new debt was forty millions, whiehe together, made:
upwards of 300 millions. Re entirely disapproved.
of pledging the War Tales. lie was for eniting •
the .War Taxes and the Sinking Fund, and
establishin a Permanent Debt' and a Permanent-
Sinking Fund. if the War Taxes. ..be .dedutied
'from the. Debteethe Debt would then be 29e•
rriillions, f:. to :this; be added the. Sinking FUnd
he proposed,. the,„!,amount would bt!. 14,700,0001."
where" the eitiklisgyeed of the Noble-Lord would
amount only to. 13,000,000. The Nottlelanrd's Debt
would be 291,100,001. whereas his Debt world be
279 millions. Fre threw; out these suggestions with-
out preteeding to any extraordinary aOCuracy in the
'ealculationor method in
_dr arrangement.
TilaitArra
.fraro a 'comparison of the
two Noble Lord's. plans,, was inelined' tit% give the en-
tire preference to that f the-NOble Lord (Petty) at
that. siloof-rher.froute. The other Noble Lord had
proposed a Loan. of but II millions, but he had not
mentioned that the -deficit should be supplied by an.
additional. taxation of no leia than le millions a year
He objeCted toahe words
." present system—as used
by the Noble Lord. Besides, ne substitute had 'men
proposed by the- Neble.Lord:for the excesses Of the
SinkingFand. liedisapprovedof a third plan that had
beensuggested as te the seoppageofthe Sinking Fund.
The Hon. .Menaber adverted to the observations of
the Gentlemen on the other side, telative- to the bor.
rowing of money err compennd
_interest; He bwg.
~..ged those: Gentlemen fully to consider the subjeet,
and it would appear that the_taxes which the-Noble
Lord's system enablei him to avoid -'imposing,
formed a saving that more than Counterbalanced the
disadvantage vilafch the .mode of borrovviiig-objeaed
to was likely to produce. With 'regard to the mis-
chiefs apprehended from the idea which this system
involved,, .of 'legisleting for posterity,' he deprecated
the notion that if was not subject to any alteration
hereafter; if clieunistanees should appeer*te require
snch alteration. After pressing the ',propriety, in
point of goOd faith and-policy, of always preserving
the principle and promoting the progress of the
Sinking Fund,' the lion. Member congratulated the
:House and thiCoutitry upon the state of our resources
-which the Plan now under consideration presented ;
for, notwithstanding all the perils we had encoun-
tered, and all the expenses we.had Meet-red, it.ae-
peered that, after paying between eeied vo mil-
lions: ,fur the iuteiest of our debt; we were still able,
within about 2,50u50001. to meet an annual ex-
penditure of nearly millions, should it be deem-
ed expedient -it; appli,the whole of the War Taxes
and the produe'v of epr oinking Fund to defray the
`t xPence of the war.. 'Atte even leaving the Siniting
Vend not only unrouthed'but aceurnulatin,g, it was.
a.source of ,the highest satistn4ion to think, 'that we
bad tileans.withie ourselves imply, sufficient to meet.
all the increaser expellee arising out of the difficulty
of our situation, -while the enetny was only able -to
eubsiSt bei oppression, irepos hien, and illusory, ex-
pedients. in his:own country, arnhined with confis-
cations end military exadious in the territory of bja
unfertueate neighbours. The Hoe.. Member core.
eluded with. expressing 'his decided preference of tie
system PrepostelsOy. the Nplale Lord On the Treasury
tench, toany and ttiall the -plans that had beck et- -
feted from the.otber side of t*.frou*;
211.r.e1OHNBTON:4-thoaght: The 'N'eble Lord's
calculatioa expel s- extremely erroneous,
even as to the:present year.
,F0r..4 appeared quite
probable, that*, the present situation of the Conti.-
nent, Prussia must, bis altogether abandoned; 'or a
much lareeer amount of esubsiclies would be required
than flieNeble,l4o4,professed to have in conterii-
pfation.. .• liesidess;biee. was a sum of
.500,000 i.
due to the :India 'Company, which the Noble
Lord omitted. in his estimate. The' Honourable Gen-
tleman. protested-against -.the idea 'that Zlinisters
should take credit for having had this. system of
nanae in contemplation s 0 far back as last year, as in
the speech at tbe- beginning of the Session his Ms 7
je sty expressed his regret .at the necessity that existed
for additional hurthens on his people.- 'Therefore it
was manifese,th4;this plat; had bur recently mwung
Up. To thiseoniliteatedschetne the Hon. Gentle-
man recommended a preference, of the simple pro-
cess of borrowing., elevenetuillions . annually, and
levying taxes .only. to. play the intere'st 'of so mucli of
that ,sure as 'exceeded -the • present amount of the
Sinkiree Fund,, namely for. e,e00,0001. This pro-
• jet* would, lie contended eceision: less taxation;
- • •
• ' end produce less debt by 40 millions, than the sys-
' '7-atena proposed by the Noble Lord. • • • •
, 'Mr. BANKES. observed that a radical ee-otrun
through the Speech of the last Speaker, namely, that
produce of the;s inking Fund should be applied to
the current expenses Of the year, and of coutse
, • eire..ly suspended from its °bite. The conseitiklnee;
- • therefore, of the Hon. Member's proied'w6llll't
this, that instead of. the public creditor being:Paid'
off in .forty-five years, according to the principle* of
- _ the Sinking Fund, and the' pledge of Perliament, the
• debt to which this fluid was applicable, would not,
•e.sshould the War continue ten years., bg discharged
.in leis than fifty-five years. The Hoboukble
Gentleman expreseed his couftdenee in the disposi-
:, 'lion of. Ministers to•nse every practicable economy,
.-end that no effort' would be left.untried to keep
the expellees within the estimate stated by the Noble
Lord. Advertiegjo the paradox of a national bank-
ruptcy resulting flow the discharge Of the. National
Debt, he thought the apprehension chimerical "and
ueprecated the idea, under any such apprebensioil;
of withdrawieg the Sinking Fund ,from .the dbjedt
for which it was . originally instituted. - The Ho-
noutable* Gentleman suggested for consideration,
• that if, in the course of the sums ntentiened in
_the new system, larger Supplementary Loans,should-
necorrie necessary Allan the Noble Lord had- in
view, a certain pr'opartioli of the per cell • t ;iv set

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PRICE OF STOCKS
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Comols

THE S U

• • • . e
apart fogy the War Loans might b expropriated
to form a Fund for .the liquidation' of such in-
creased Supplem sutary Loans—for he saw no reason
why these War Loans. should be paid off so much
sooner than Loans of any other description. Tae
delay in their payment would be produdive of no
- ,
material inconvenience, and the appropriation he re- 1 •
ss .ched
se
commended would lead to. present relief Its re-
Leer night some more fore en etreto. s Peached
viewing the several War Taxes, and considering town ; they are ofa later date h' one asy than those
which it would be most expedient to continue if rte- which we had previously received, `!':ley• do not
cessary, in the event of Peace, he was decidedly of
contain any intelligetice of itepeetence. Letters
opinion that the Property Tax, which elle Noble
- th '
Lord professed his wish to repeal, was, of all others, • from Vientsa stale;, st. the AeStrian Cabieet has
the most eligible to continue. For this tax, with 'me.' been of late most adively coapieced. in Negotiations
tain modifications including a more equitable distri-
d that in
Courts - 'and it suppese
butions an advance if requisite upon persons of large s with different ,
..
fortunes, an exemption altogether of small rest- ; a very 'Alert tune Austria - will takes a decided
Imes-. in the reduations of charge, under certain' ! part in the present contest. If Bo:es:est:7.E had any
circumstances, struck him to be the least excep- 1
'eionable tax that could be 'devised. He was the i expectation of receiving the support, or if he could, •
more inclined to this opinion, becatrse he always pre- l even rely upon the need-a-lay of the EMl,Eittiß of
ferretl dire6t takes to those circuitously levied, being' a would have es as aate
AUSTIIIA, he. certainle is, ' -a • d Bran
firmly persuaded that they were less oppressive to the • . : • - ,
subject and more productive to the revenue. The naes in,compliaece with- his repented promises and
Hou. Member, on the whole, preferred the system the express Stipulation§ of the'Treary of Presburgh ;
'proposed by the. Noble Lord' to any that had been on the contrary, it is stated that be haS given orders
mentioned, for although be saw some diflicultiea., in
the. former, he thought the latter calculated to create for. strengthening the fortifications, and for pro-
mtieh greater. • . . ' • I visioning it' for four Months. The. very severe
Mr:JOHATSTONE, its explanation, stated, that checks which the French have received in Poland
he meant only to have the interest on the part of the ! from' the Russ. ins have convinced B r s
IeONA AUTE
11 Millions which tie had mentioned,. provided -for .
' of the necessity of- adopting measures for the se-
out of the sums applied in new purchases .by the
Commissioners for Redeeming: the Public Debt. • i curity of his Army.
,The fortifications at Prep have
. Mt. ROSE condemned,. he strong terms, what he'
been extended, end it is said they are capoble of
denominated the anticipation of the War Taxes, and • ' ' e a
contended that the debt for which it was proposed to containing 60,000 men. It is singular that all this
pledge the War Taxes would not be paid off in 14 peecautioe 'should be used to guard the Frenish Army
years ; as supposing the money to be borrowed when . ae ; tst the attacksof those who
represented, .
eet ane in
the hinds were at 60, they would rise in the event - '
of a Peace, to 70, 80, or 00, and thus the debt, in-
s • the French Bullethis, as having been beaten in every
stead of being paid off and the War Taxes redeemed adion and every. skirmish which: has taken place.
in. 14 years, would not be paid oft in less than 16,
• the
,This morning a Gottenturffo h Mail arrived,
18,.0r 21 years. The War Taxes also Must, in a "
g measure, cease to bfollowing are the principal articles which it contains:
reat e produttive at a period of
Peace. • ' ' • . ' " GOTTENBURGH, FEB-. 6.—A Russian Courier
. :MK CORRY contended, that the identical taxes
arrived here this afternoon, in eleven days from St.
now in existence would not be pledged laTs the one-,
ration of the Plan, but that it would be always in Petersburgh :. he came across the. Gulph. of Both-
the power of Parliament to impose new taxes instead nia. An English Courier-left St. Petersburgh. at the
of others which might have failed or be deethed ins-' same time, but, having taken'. andther 'ratite, is not
politic, and which new taxes might be pledged,
et arrived.
instead of those repealed, for the .interest and Sink- ' 1
'. ' " The newest accounts from the armies in Po-
ing Fund charged upon the latter.
Mr. P.bitell'AL drew an inference from the ar- land state, that the French have been most roughly
guments used on the other side, that the House treated in the late affairs by the Russians ; and that
were' called upon to vote the continuance of Taxes -
they have suffered greatly by the weather and bad-
which- were not tuestut to be continued. He thought
it would be much better to postpone the considera- . ness of the roads, through which they have lost a
tion of the plan till another year, in .order that suffi- considerable part, of their field equipage. It is said
cient time might be given to the consideration of a -e
eeseseteeken is heartily tired of his Polish campaign,
subject of such great importance.
Lord HEYRY PETTY maintained that the Re-
and of being confined, as it were, so far from home,
solutions contained no pledge whatever for the con- Where his presence begins to be necessary. It is
tinuance of any particular Tax. The objed of the reported that General has been killed.
Plan was to provide for the exigencies of a protraaed •
war, and at the.satne time, by abstaining from. ins- " The Quebec Frigate and the Fanay Gun-brig,
posing fresh Taxes, to relieve the Country, to re- . having landed the money with which they were
pair its strength and recruit its resources, whilst its charged for the Elill,EttOß of Russis, will sail the
operation -would would provide the means of resorting again
to taxation, if that must be the case—a resource which first fair wind, and will take some Merchants' Ships
Would still remain, even supposing the Plan totally from hence under their convoy." ' .
to fail. His Lordship entered into a comparison of
the Plan he bad proposed,. and those suggested on.
the other side, and contended that Isis Plan hed this,
great advantage, that it would operate to increase the
Sinking Fund, in a larger proportion to the Debt,
1 up to a-certain poise, when its excesses were to be
taken; whilst the Plans proposed on the other side
would operate to increase considerably the Debt, and
leave 'the Sinking Fund as it now stood. He pro-
poaed, after a certain accumulation of the Sinking
Fund, to appropriate the excesses—but they would
attack that Fund immediately. He remembered a
story of a man who said he had a ' sure method of
curing sheep of ail disorderS, and that wrs by cut-
ting their throats; so Gentletnen on the other side
would get at the Sinking Fund by immediately tak-
ing it ; and this constituted the boasted simplicity of
their Plans. His Plan, on the contrary, by the pro-
portionable magnitude of the Sinking Fund, would
ensure to the Stockholder a certain ' market for his
Stock ; and instead of mortgaging all the resources
of the Country, as some Hon. Gentlemen had con-
tended, there would, if it continued to operate, be
a suns of ee,000,0001. available for the service Of
the Country in the year 1822.
Mr. Rose explained. •
Lord CASTI,4IIEAOIi contended that the system be.
fore the House was a much greater infraction of the
A6t of 1786 than thatewhich had been done in t 80::,
which had been alluded to in the course. of the'de-
bate, After touching oe several other 'scants, his
Lorsiellip observed, that be . would speak more fully
on the subjed: next Monday, when the Resolutions
Which he had submitted to the House would be nu-
der consideration.
Mrealuserssoar adverted to an expression of Mr.
IL Therntotes, that ouegreat fault had been that we
had not paid sufficient attention to the invigoration
of the Sinking Fund, and yet at the. same time de-
clared that the present system met with his entire
approbation. Yet this would, tend to weaken . that
Fund more than any measure that had been yet
brought before Parliament. ..
Mr. Vessel-stae maintained that, by the regular
progress of the measure, as laid down in the l'a%les,
it was evident that it would be a constant souree of
supply to that Ruud. , . . . ,
Mr. CANNING observed, that he should reserve
his opposition till the bringing in of the Bills to be
funded on these Resolutions.
The question was then put, the Resolutions were
agreed to, and a Bill or Bills ordered accordingly.
Leave was given to bring in a Bill for levying an
additional Duty on Brandy, and also for a Bill grant-
ing additional Bounties on Sugar, pursuant to Reso-
lutions of the House. The Sierra Leone Bill was
passed through a Committee, and the Report was
ordered. to be received to-morrow.
The other Orders were then disposed of, and the
House adjourned at halt past two o'clock.

rAzttim

L 0 1V 0
FR/DAY, FEBRUARY 20, i 8 07

We have receive private accounts from Holland,
of as late a date as 'Sunday hit, whiela state, that
there were three Dutch Frigates, ,fully provided for
a long voyage, waiting at Helvoetsluys for an oppor-
tunity to sail.—lt is supposed that they are destined
for. Batavia. An Embarg-o bas bees laid upon all
VeSsels at Helvoetsluys and Brine.
Qn Wednesday -setnniglitr King Louts made a
great number of knightS'of the Order of Union
and of Merit,. with great ceremony.
The report of the French having received some
very severe chocks in Poland was very generally cre-
dited among the best informed people in Holland,
notwithstanding the assertions 'to the contrary in the
French Papers.
Theyerjuisition, in Brabant, of all young men
•from 16 to years of age, Is enforced in the most
rigid Manner,, and has prodUced some very serious
,disturbances, • .

The corbinatfon of king Louts is shortly to take
place with great splendour. - . •

Mr. WirrrnimsD, in the House of,Commons last
night, delivered a speech on the subject of the Poor
Laws, in which he. displayed the enlarged views of
the Philosopher, and the liberal feelings of humanity:.
He obtained leaVe to bring in a Bill upon this tri=
tereSting subject, -for the purpose of, bringing for-
ward .a Alan to relieve Distress, check Vice, and pro-
motoladustry among the lower orders of People;

The Adeanci , Captain GUNN, did not, as was at
first stated, run into Buenos Ayres ; the misfortune
Which betel her was 'ail more serious nature, and'
Was as followS :,--She was laden at Table I3ay (Cape
of Good Hope), and sailed from thence for, Buenos
Ayres the t lth of Odober, Sir D*Vill BAIR having
previously solicited a passage in her for three Spanish
Officers who were on parole at the Cape. .Un the 224
of `.Novernber she arrived in•the River Plata; on
Which day Capt. GUNN, while at dinner, heard an
unusual noise on the deck; and ongoing upto learn.
the cause, w:'is immediately stabbed in the bellytiyane
of the Spanish Officers. These ongratelid pasSengers
had disseminated the Seeds of discontent among the
crew, who were at that moment in a state of mutiny,
Capt. GUNN was carried below, and the "Mama was
taken possession of by the crew, and continued un-
der their controul thirty-::ight hours, when the
Medusa Frigate, Captain BouvEam, hove in sight,
and chased the ddeona; but: bt.fore the Meduitz could
come.up, the mutineers ran her on shore near the
Island of Flores, on the-Spanish Main; took to the
boats and effi..iited their escape. -The Medusa, in vain,
tried every
.means to get Ler Ali the shore, and was
at last compelled to burn tier, to prevent her from.
falling into the hands of the enemy. The ship and
cargo were worth upwards of 40,0JQ1. and not mere
than toool. of prop,,rsy- could ez saved.