The Sun.
London, England, 1814-06-14 00:00:00

rce mil;lons. It wouhl be proposed to ;./.,ratit.2,o
rillions and a half of ‘var7taxes. The produce of
fee Eottery was calculated at 200,0001. The vote,
of credit was three millions, to be met by Exche-
qncr-bills to be issued. The produce of naval
itpres, English proportion, was taken at 503,545/.
The first- loan xvs- ; and the second,
and , a half. ..The • total amount of the
ways and means was 67,703,545/. It would be
gees -that he had not taken any sum as surplus of
the, Co?rsolidated Fond ; the reason of which
was, that it had fallen short of what was
:e'cted ; and, therefore, for the present, it
,s :is not deemed advisable to take nay fur-
-7.lier grant out of jt. The causes of this de-
ficiency, in comparison with what might have
been expected, it was somewhat difficult to ex-
It had fallen out in the branch of,
; and from the unfortunate -fire which bad
tai en place in the. Custom-house, and the conse-
oopeut loss of a variety of material documents, it
MN impossible to state correctly on what partien-
lar articies the deficiency arose. The total amount
of the Costoms, 9,818,000/. was about 2,000,0{}01.
short of the produce expected front them. • The
deficiency io the old tholes was about 1,3000001.;.
and that of the tiew duties, which had been im-
posed in the former year, about 7 or 800,0001.—
_But though there_ had been this deficiency in the
produce of the Customs, therehad been a consi-
derable increase in the Excise revenue. The pro-
-duce was greater by one million than that of the
last ,year, though no new taxes had been imposed'.
.All the other brancht!s of the revenue were in a
flourishing state. In the article of beer, the pro-
duce had been Very nearly equal to what it had
been' in,the last year, though not altogether. In
the article of :Malt there had been a large increase,
-The-revenues. froM British and Foreign spirits WAS
also flourishiog. In the article of wines, the pro-
duce of which, for some time past had not bi.'en very
eivcouraging; there had_been an increase this -year
of 200,0001., for the article of tea there had been
an increase. The increase on the whole of these
latter articles was above one million. In the
Stamp Diities there had been an increase, and
in - the Post-office Duties, though not a very
considerable advance-p.-1n the Assessed Taxes
there had been an increase-of about a million—
the produce having adeauced from five millionz
-and upwards to six millions and opwards.-I.7r-
onthe Laud Tax also there had been an increase
of front 1,051,000/. to i ,059y0001. and the-duties
on offices also were in a tlouri,hitig state.—The

Property Tax, that great source of revenue, had
advanced from 12 millions and upwards to 14
• millions and upwards. 'He-thought it more satis-
factory to state the amount •of the revenue ia
this general way, without dwelling upon the dis-
tioctiou between the ‘var taxes and the consoli-
dated fund revenue, as it sheered at one view
the flourishing state of almost all the various
branches:• 'l'he revenue of last yeiir, as com-
-pared with the permanent charge, had advanc-
• cal about one million and and an half, lie did
-riot, however, take any grant upon the surplus of

. • .
the Consolidated Fund, thinking it better to wait
for another year before any further grant was

taken from that source. The same unfortunate
circumstances of .the tire at the Custom-house,
which he had .before mentioned, had prevented
the making up of any accounts of the state of trade
and navigation. But as far as he could learn from
the mutilated sources to which he had access, the
the export of marmfactures in the last year
had been :greater than had been known in the
most flourishing of former years, Nothing then
remained hut to state the' terms of the loan : but
first, be s,honld anticipate a question which would,
in all probability, he put to him by his llononga- _
hir nicnd(Grenfell), as to whether the proposal of
last year for applying part of the Sinking Fund to
vi:4;ver the charge of the loan of the year. That
had nut been done this year, and the reason ivas
• this, that there was oniy one of the bidders edit)
• thought favourably of the measure, and he, at
the same time, declared his belief•that he was the
only person in the city of London who was of that
opinion. It had been thought better, therefore,
to act upon the ideas of the-otters, as there were
no hopes, owing to the largeness of the sum re,
tptired, of a competition. Finding the prevailing
opinion to be against such a measure, and no other
parties applying to bid, it had been thought
proper to concede the point, and to apply the
whole produce of the Sinking Fund to the
purchases of the whole year. The event of this
dAy shewed that they judged correctly. Favour-
• able terms might undoubtedly have been expected
from the circumstance ••of a general peace having
been now happily. concluded over the whole Eu--
ropean world. It had been thought desirable to
take a considerable part of that loan in the 5 per .
cents.. in order to keep down as, much as possible,
thcinerease of stock ; and therefore the transac-
tion might appear in a view less filvourable than
upoik eiXal.niniltion-would be found to attach to it.
Au ;Additional interest must be paid, but then by this
plan about 4 millions of capital
.would be be saved
in stock. The whole amount of the loan was 24 .
millions, being .16-.1 milli s for Britain, 571 mil-
•lions for Ireland.. 'The terms were as follows :
. .30/. NaVysper cents. ; 80/. 3 per cents. Reduced ;
• 23/. 10s, per -cent. Consols. The ratcl,f interest
41. 123.1 d. with charges of managementsl. Gs. 2-id'.
'To avoid as nttrch as possible the charge "oil, the
Consolidated Fund, instead of paying an arrear of
' interest, the dividends on the 3 per cent. Consuls.
and Navy 5 per cents. were only ,to commence•
from July. It was a reneArkable circumstance,
that the value of the funds had so much improved
since Wednesday last, that one and an half mil-
lion of stock had bee.A saved, which could not
have been so saved if the bargain had been then
closed. Favourable -as this eirelmstance was to
the public, there was every reason to hope that
• the.bargain would be advinita:_;eots to the 'Con-
tractors: If the funds'bad thus risen under the
pressnce iinpending 'loan, it .was likely that
the; would' rise still furlher, and evety appearance
tended to confirm him• in- that 'opinion.=-The
-Right :TIOn. Gentleman then stated the amount of
Sinking Fund:tO lie raised for they redemption of
the Stock c",,t..-arecl by this Loan, making the whole
Of the introtar charge 6/.13, Id. per cent. It was:
his intension in a few days to propose to cancel a.
certain innonnt'of stock in the hands of the Com-
- mission.rs. There remained nine millions of
cock to be appli-„,,el nailer Cat l'et of last: year. 11%