The Sun.
London, England, 1807-02-17 00:00:00

CARNATIC.

fir THOMAS,TURTON postponed his Motion rela-
tive to the Carnatic Papers, which stoat for tb-mor-
rdw; to Thursday se'nnight:

PROPERTY TAX.

Sir THOMAS TURTON asked, wheAer or not it
was
.the intention of the Noble Lord opposite to prc-
pnse, during' the present Session, any alteration in
the scale of contributions, or of exemptions, in the
Property Tax ? If such were his intention he should
not trouble the House on the subject. If otherwise,
he should deem it his duty to stAttt, his objeaions to
a system of taxation founded on injustice.,
7 LOrd.kiSNRY PUTTY replied„, that it was not i/11

- I,,;',ltion to propose any alterations in the
la.; with respe:`:t to the scale of contribu-
.....

t txeMptionS.
_ .

VV.: u trils presented a Petition From
nets, Merchants. &c, of London, against
r:)r the Abolition of the SL ve Trade.--7-Or-
der,d on the table until the set:oud reading.
A Message frOth the Lords announced, that their
Lot\i‘lint.ips had passed, a-Bill -to relicve Lord De-I)titr.
stanytht. certain disabilities which he hail mint-
-tentiOnhdy incurred : to which Bill they deiired the
ceric,irr,n(l-, of the Hctse.
On the Mo!ion of Mr. Ginnys the Bill wars rya
'a first and seconck hue; and ordered to a Cotnmittee,
wh:ch as.instruaed to meet and-sit forthwith.
A. VANSITTAier presented an .Account of tbti
Net troduce.of the_ Duty' on Prpperty 'for the tWo
laSt yr_ars,—Ordered to her:printed.
Mr. AfANNtN.t; glie.nOtice, thnt, he should to-
morrow mot e' for :in Address-to, His Majesty, for
*Copies of the Citurnissioriktianted; for .the Grant bf
certain Lands in the-West India Islands, in 1765:
Tt)NNA6E Es.••

- Sir CrtAatrh Pnic pMsented a Petition from 'the
Ship-Owners of London, _praying to be heard by
Counsel against the prolongaion of the rontiage
Duties, ;&-c. beyond the Wilt,
Lord' TEMPI. k; inquired Whether this iletition pro-
yeeded from the. whole body of the Ship-Owners, or
merely from a part of them ?
Sir CHARLES PRICE could not say.;thafer;ery iticii
Ship-OW,Aner hadsigned it; but it was signed.
by a respodable portion of them, and by such
too.as, be could assure are:Noble Lord, would nOt
come't6 that Howe Under anY improper coloni.. If
the Noble LOtd 'would read the names, he wool&
find among them Many of the nioA respeaable com-
mercial charaaer3 in. the kingdom. .
The Petition was then brought up and r6&l.'lt,
stated in substance,
• "' That the Petitioneis entertained the tbost Seri_
ous apprehensi-ons that it was the intention of Parlia-
ment to contintle.the Tonnage'Duties,
,the E4Otzt
Ditties, thiPuties'oti `roods carries Coastwise, &cc.
after the expiration of the War, pniWithStandingthe
solemn assurances to the contrary that had been
given to the Petitioners when those Duties were
originally imposed. That tl;oseDuties were at any
time injurious; hut tcOtild be peculiarly so. an the
return of Peace. That the Shipping Interest of the
-CoUntry was in the most lamentable state of &fres.
aion, .owing chiefly to the relaxation .of' the Navy
.Aet, and.to the indulgence granted to Neutral Com-
.meree. That the Petitioners were ready. to prove
all the allegations contained in Alieir Petition, add
.that they huMbly prayed to be heard by Counsel fOr
:that purpose." . • •
The. Petition was ordered tO lie on the table.
. Lord. filtNitir Perri, gave notice, that to.niorroW
lie would more for a Committee. to consider of the
best measures for the encouragement of the 'Welt
...India Trade. .
_FINANCE.

Lord C4S7TERE2GPI rose fat' the piiipme of
.postponing the further consideration of his,Firtancial
liesolutions...He was aware that neither the Resolu-
tions of the Nettle Lord opposite, nor his own, could .
be considered. • without a muit.titl discussion, as the
one set was direCtly opposed to the other. He there- •
fore wished that that course shoultrbe taken which
might be, most convenient to the -public -servite.
.movingthk. postponement, however, he was,desirous •
of ex piaini ng. one or two points in 'his forinet Mat.
meat, which narrow the ground of difference, and to
relieve the Noble Lord from the necessity of eeplying
to more than what he called upon hint ti.)
Olie. particular point of explanation which lie wished
to press was, that he by n.o means Meant to okr,,hit
Plan as the financial course which ought tobe-par-
sued.in future, but merely as a mocha-cation of the
:Lord's principle. . It went to reduce
of,the,'Noble Lours system, though nut, perhaps to
that extent to which they might ee,ditniniShed lot-
& allowed • that there were several inaccui+acii in
his statement, io:wever, did not Wed' the
principle of his objeaien to the..Noblb•- Lcird,s
system. For instance, he had stated;:. that' in t 1
gtll year of the periodlt would
.be necessaryte-add
to the Loans of the year 4,900,0001. and he- had
charged immediate interest on. that sutn. but had
omitted to take notice of the .accumulated .Suin that
must beraised in, the .precediug year,and charged on
the Consolidated Fund. (Lord Castlereagh-here en-
tered 'into several correaions of statements, in
which. it
.was in:lnns-able for us to .follow
1-{Li repeated, that these explanations did,not arrea
the principle ,of his objeeilicins. • The Only two
grounds on which he proposed 'to 'modify the
Noble Lard's Plan, were, first, to :keep the War
Taxes completely, out of mortgage (for, if his Sug-
gestion did not do
.thg, woaf do nothing) ; and,
secondly, to limit. the amount of the Loan to raised
within the year. ..According to the Noble Lord's
system, the Loan i.vol..!d.he gradually increased from
1.2 to 32 millions..\o/,;at
.117! wanted yia-S, to relieve
the-money market from the task of raising such iea-
pital within the year, He (Lord Castlereagh) al-
lowed, that if during the whole of the 21) years we
were to be at war; his ~plan Would require some,ad-
dirioh to the reisnanent taxes .1_1)4 if peacewere
ro-raye-ipace-auttie end or nine years; then hts•plab
would demand: tie further taxes than those proposed
by the Noble. Lord. - But in the extreme supposi--
tion that. war would be carried on Tor twentSr.
years, new taxes, to the attidtint of three Millions,
for six years (between the seventh and fourteenth I
year. of that period), would be Stillidient; The atneunt
of debt then incurred would not be so much as by
the Noble Lord's SUpplerrientary LOans:;. there would
be do pledging of twenty-kmelnillions of :War
but, the imposition of nekly' ttree:rhillions
of new. taxes. Supposing, hoWever, that peace should
take place at any time between the ninth and the
twentieth year of the p.eriod, tbdse three millions of
additional taxes would. be proportionably dina.inished.
.He deprecated the raising of the Ways andAleans by
the system of,double loans; first borrowing the in-
terest of the cietot, and. then borrowing the interest
of that interest. If this system must be tried,• let
the trial at leaSt .be short; let it end at the expira-
tion of nine years, instead of twenty. This was
the objet{ of his,thodification,that the Noble Lord
Blight be enabled to re-consider his system at the end
0; the shorter period, When lie. would be less euCum-
-1,,,-tel with einbarrassments. Nothing could be fur-
t,,,r from his intention, nor from that of the Gen-
t; •;i:•-i who thought with_ hint. on this. 5t.tbj.:..;74, than
;:• any'UtincceSsary 'and vexatious delay in the

*Noble Lord's financial arrangements; but it mustte
recolle6ted that the
_Noble Lord had many months "to
mature 1-4 plan, Aile It; ( Lord tiltlereagh yliad beeli
-driven to the nc4sity Of enteriat
into-the most .compilcated details-. With
the nintost-exertiAtrailigenCe, fib had fotirial'i
possible to obtain full information on the ,Wulf* t,.
ortelrinne his tables
..so explicitly as to rive a fait
eetswarison .of Therm With those -of the -D,;-3b le
With this want of knowledg§, antrlinti*.ext,raer,
dinary situation of embirrasstnent,'Parliiment were
nailed hpon'Th dcch e n; a tinanzial system, not Cali
single year; bat f)1 2p years fisroApnlei!
e ad-
mitted that any Itesolution.of that House might sub-
,
sequently be rescittded ; but Was it*emly that, like
children, they should adopt, a, 9rstem as applicable
to a period of 2u Sears, which, in three or four, they
~rtoillcl find so inipraterficalarels Vi'dci.m.Vel-ttleeki to have
Colirae to theii= 'kit-en-e ityttetreih, 'an4 to revise
that which they had agreed to hasttly-,anti4n -errs
He thertfo're did rhtic.i. *isle -that IN.-orb Lord
would adopt some line of conduct whicb; While 'it
Netittld nOt,einbarittSi pitiblie seNice, tv'oUld
hie Parliament teeny and fairly to (let-Wel:Yu the most
complicated and ost -imPortant
-144 At -perhaps ettir W`5S subinitted ,tb the : yutligiftent
a Legislative ASsetfibly. There skit- two 'Oases by
Which the Nroble Lord reightefreet-this:Objea : 'the
one kwh4eli was highly preferablit'of the tivre) -was,
for the Noble to take any'penniats- prOvisidn
from the HOLYSt-yi,hichmight en gile ins Majesty's
-Gdvertifkaent to tarry 611 the Jtiblic: service
Parliament bid -full time to, ihvistigate the subjea,
and to etArnim the•et^enhtents necessary to elucidate
it. The other '(whieli he only Considered as a der-
flier ,resot) Nvas, that the Noble Lord Thould execute
his,plan for a single year only, an interval Which
would.enahle Parliament duly t-o estimate its Merit.
He pressed thest fl marks repeatedly on the coasi-
dbratim , of,the House' rlealaring, that there Was
nothing'SituatiOn or thk Countty which cou-t-
--yelled !rlit;*jesty's Ministers to liaVe recourse to
kith Octraohlinary 'measures ; and that Unless the
NOble Lord so far -dtheived himself as to thillk this
a question of sUbrniSsiOn and confidence, instead ef.
deliberatieti and jtidgetient, he must accede to his
tvconatiAticlation'efitelA?. LOrdcastltfteiglitoriciad-
td by thOvini The further adjournment of the debate
caf Thu slay aq to this day (Monday) tenttight
Lori It. .13'ET1r could hai,'e no ohjeaion to the
Noble Lord's eking aiiy day he thought prOper fer
the ferther dik4s4iog of his Resolutions. With re-
gard to the i7opriety of proceeding to-day with the
Resolutions he had the hohOtir of subMitting to the
House, he thought he could with confidence appeal
to the House, whether his Majesty's Government
hadever appeared to consider this question as one of
submission and . confidence, instead' Of inquiry an 4
deliberation. . The Resotutions 'were read near three
weeks ago; the .consideration of them had then
been postponed a fortnight ; that fortnight eipired
on Wednesday last, when a further delay took place
to the preSent day. All he asked was, that the ite-
solutiOns should p:ss the Conmiittee, with the view
to ail'ord, until Wednesday, next, further time to
seonsiiler them if it it/ere at all necessary. When the
NCO: Lord's mot*. was disposed cif, he should
Certainly, thierefore;iprOpose,that the House should
'go ittro a :aomMittee vn th-e Resolutions..
Lord .Castlereitgit's !!',lcition was then,agreed to.
The Or:ter of:tite -Day hiving Lei read for going
into aComMitfee on the Pinancett Of the dountry
Lord H. rutrY moved, the Speaker-do now
leave the Cliftit.

LO.VO put it to the Tionse s
(feting the short tine elapsed siUce the Aleinber.
owe possessed of the Noble 1,043
hl4, it. Wtis possible, even wiilt
"61 with the .sthjeet, to investiglite the :.tecu-
racy its ittipOrtanCe demanded. His certainly thought
Would hate beeti more t 9
poitpone theconsideration of the Resolutiorii for 'a
days.), but Si!iee the Holise were called upon to
dkijii:rti-o.fkloble.' Lord's Man—

Lord 11. PETTY 'SU.4O' w 'suggested, that it onlcl be a more
proper time for the Hon.' Gentleman to state.„his ob.
jealous when the House should be in a Coniniittee..
Mr. LONG replied, that his objeaionsisy to the
System altogether; and therefore he must oppose the
Speaker's leaving the Chair.. When he said this he
did not mean to imply, that.bg condemned tlieNo
ble-tord's sytem to a certain extent—What he de-

.precated was its operation for such a period as 2
years. It might t ajnost fatal.error mewl-61mo a
system for any length of time which had heeti.ap:=
i)lic,q);e to recent, and which was applicahl,to e-
!stlng*Quinstances. To .a certain extent he had

no oujeaton to the Noble Lord's burrowing front
the ►% ar Taxes, but not to the extent 'proposed,
—l4e might have &tie so for five,yeats, bor=
rowing and defraying the interest out of the War
TaxeS. The Noble Lord's Piau abounded with fal-

lacious estimates; for instance, the.duti” on tea and

spirits (partioularly on tea) could not be so produc-
tive in Peace as in War, from the prevalence of
sinuggling,; and yet the Noble Lord calculated
upon -their producing the full amount which was
noviraised by them ! His system went to the per-,
petuation of the Froperty 'fax, a measure which,
'when originally Iroposed, had been called by the
g,etwemen—cppiThite, LaA, but a exinti,..ti-ori.
The Noble Lord had not taken into account one
circumstance which must render all his calculations
erroneous, namely, the depreciation in the value of
money in the course of SO years. , With Tesped to
the Sinking kund, he entirely disapproved of the
use which we, to be made of it. In 1802, the
principle of the. Sinking Fund had
abandoned,
.and he .had ever since .been. vainly
.hoping that it would be restored. The original:
objea of its institution was not that it, should acou-

mutate and destroy the debt, but simply that it should
keep it down. As a proof of this 'it would be re-
tlat, in 1786, the maxim4m of. the Sipk-
ing Fund was fixed at four millions. He, allowed.
that the subsoquent extension of it had the full ap-
probation of a Right Hon. and lamented Friend (Mr.
Pitt), from whom it was presutoptuous in him to.
differ, tint lie confessed, that on this subject he Lad
differed from him, and to the present moment he

. .
had seen no reason to alter his opinion. litrepeat-
'et!, that had the Noble Lord proposed .his Plan to

operate for tive years only, be would have cordially
assented to it. In that case, no npw taxes would be
necessary for, three years ; this suspension of tax-
ation he' highly approved ; riPt because it was po-
pular, but because it was politic. It allowed a re- .

pue to the country which would adwit, if hecei-

4ary, of future measures of greater vigour. At the
toiration of that period it would be for
,I4f Majes-
ty 6 GOVeynrll6'llt to consider hoW to ptoc.-e4d, tvhe-
.citei* borrowirtit,still ft*thev "ia the
W'4 Taxes,
V ~,oprooriatink ti* Exce*s of -the Sink Fundy
iSk vvhatect;er biter ultn tiitglit to I.lfeth seem
:•!elioible. But that the House should be now called
ili`pon, on data the most uncertain and de/ustve, to
. —estatelisir a -STircti 'of 'Pit fillin fa-1 vaiat ',l- lii‘t'ir.nry:
I yeiifs, *edinedko hini 'to be utterly inconsistent-.\vi.th
the dignity of Parliament .and. the policy-of the
Coliiirty.
-
.--VryTIERVE was glad to see that the objec-
.liOng of his-HbbouPable Friend Mr. Lailigl W'e're so
few., . His Hon. Friend ttinplaitted only Of the-tx-
tension of the plan torso large a period as 20 years,
o'f iheconsuinption of th'e War Taxes, , and of the
iired noon the ',.iii'fiiig ToA. . Ai*: Plan wati. net
. "denniti'vely extended to the...length of 21) years;' it
- .Was only meant to prOv'e, tat by this plan we could
to on so leng, if it should 1,6 necessary, at our Pre-
: set* rate'th-'etpenditure. • There was nothing either
in the Resolutions, Or In any Bill that may be
.itilonglit in tip btl tirettr, tO prechide PIO-INA-rent from
altering, improving, or rescinding the Plan al 'any
tithe Within' tuit period; atcorditvg as eiteuraSttrtices
may tender it proper. It was allowed by every olle,,
that there would be great inconvenience in iMpos-
ing further Taxes at the present moment It. was
agreed by his Hon. Friend, ,atid- the other persons
who had spoken on the other side, that by sparing
the Country at present, the Country would be in a
state to allOw us to return with greater vigour to the
system ofit tf ising tie expencesthe War N'cithintie
year. This was a set-otieff''ainst the :objedion that
the War Taxes would not he permanently -produc-
tive. He was one of those who thonglitthetWkr.
Taxes would be produ&ive in Peace; brit.
,at WI
events, it was certain that the ontinnance,of.thein.,
so far as they, would be produaive, woule tend.to
strengthen and invigerate other subjeas of taxatippl,
so as to render them produaive subjeas of taxation.,
capable of replacing such of the War Taxes as ay
cease to be produ&ive, or as may become fit
to be rePeled. Next, as to the Shaking Viand, leis
Honourable Friend objeaed to the 'ayipropriation
of a Sinking rand of 5 I.le'r 'cent. to the War Loans ;•
but he wa§ 'ready to all'oik Ike propriety of turning
the ot her Sinking Fund to kfre set .I.Ce tirtht Country,
ander certain circumstances. . There was, however,
in the Present 'Plana se6urity to the Stet:kilo/der for
Ms present claims, when 'his interest stood more it
need Of such security, which Would Warrant an intetx•
vention fir the public hekiefit, when the public wants
would more require it, and when the public credit
and prosperity would better afford it: fie would
here observe with bi'S Hein. Friend, that the Sinking
Fund Was not originally instituted for thesectrity of
the Stockholder. It was instituted by the Coon='
try for its own interest; the St9(kbuider hid. the
wiirle tionotil of it tot the-tint sOie.ri years :: but the
StoekhOlder was not therefore entitled, as 'lt WAS
pretended, toTht3 right that it should run on Withotit
interruption or diminution to the extinction of ate
debt ; ttiOngh, as it bad been so long continued, it
was matter of tnueh delieacy to interfere with it in
1802, he had objealed, with one other Getitlertratl,
who Wai'not ndw present (we believe Mr. G. John

stone), to the Plan" brought .forward by that distin-
guished -person (Lord Sidmouth) then at the head
of the Treasury, for joining the two Sinking Funds.
Time had,proved that he was right ihmmintaining the
wisdom of
.adhering.to the original plan. But• the
system then proposed havino.been adopted, all that
remained at present wasp (revise a remedy, and the
P 1 proposed by his:Noble.Priend was 'the happy
medium thit was, best calculated to elf-A. an adCom-
.
,mo4tiOn. :between what hi. 'been done and what

. .
ought not to have been departed .from. Hl it ble
-
Friend tg-ve an ladVanta4e:, to the St i# now,
WO' a view to get au advantage of the Stu4holder.
at a 1i
at tithe, when the Country would there
want it, arid the &with°ldet could better spare it..
This was What his Hon. Friend opposite (Mr. Long)
approved-Of (" No, No," from Mr. Long). At least
that Was what he understood from his Hon. Friel4s.
shout of approbation ; or was it disapprobation, o;::
W,40,t an exclamation without any meaning, that w
6,pap,qtr.orn him involuntarily ? His Hon. Friend

saidibere was no allowance for the = probable
variation in the price of Stocks but the Plan was
not pledged to an invariable price of Stocks, nor
to the excluSion of variation in any other .part of the
subject of calculation 4 The obje& was merely to
sliew to the Coubley, and to Europe,..-- and a proud
showing it was,: that if the present enormous 'ek-
pencliture sold .contintie, 9.0 years, *6 ri uuld .be
able to bear it «itliout aiiy new takes. If t übsidteA,
or other ektraorclinary expences should arise, they
would be provided fur btadditional loans. HN H.
Friend thought it 'would be inconvenient if subsidies
and their amount NVerte made known in the increased
amount of the loan. But lie had, never known a

subsidy wrapped up in secrecy in the exigency which
always grew out of the ditreience betWii4n ihd Supply

and the regular Ways and Means. By the present
34,000,0001. could bt, as easily provided • for as

32,000,0001. The only differetice would be the
change in the calculation. It was agreed that an ex.:
penditure of '02,000,0001. could be. easily provided
ot. .The only que,ition was as to the most eligible ,
mode of making the provision. There was no doubt
that the present Plan Nwould provide the Suin for the
period required, and without taxation. As to the
objedion to fixing- the expenditure at 32,600,0001.
On the ground of the probable depreCiatiog of
woney, it had been eltvays understood that Elie
increase of takes Was the principal cause of the
depteCiation cif money ; and when every thing was
done to prevent the iticrease of faxes, and by con
sequence the depreciation of money, it was WO bad
to throw that depreciation in the teeth • cif 6-plan .
which did every thing to guard against it. That there
may be adepteCiation of money in 'the common

course of thiilgs, be allowed; but this plan was cer-
tainly. less liable; to that objection than any other. He
was not aware that there was any other obje&i.On to
the principle of the measure; and, under the clr-
eumstances he had stated, he tbought'it matter Of
satisfaetion, rather than of censure, that the view
.was extended to twenty years.
The House then went into a Coinmittee, and the
first Resolution was read.

Mr. VOSE was aware that there was a great dis-'
advantage in aite4ring to 'throw any impediment in:
the way of a Mtn of Finance which proposed to
relieve the Country from present btirtfiens. Helm&

Certainly" uo host illy, to the Noble Lord, and
,he had

every reason to be satisfied with,the manner in whlch
he had proposed his Plan. But the impediments that
stand in the way of the execution of that Plan weN,
in his mind so greAt, that it was an indisperisible
duty to state them. The Plan went to 'borrow at
compound interest, and to diminish' the Sinking'
Fund. It was not to touching the Sinking Fund
that he objected,
_because it hqd been from_ the
beginning laid down, that certain ,limits were to
.be set to the accumulation o Mllit Ffintl. 'Thongh
-he disaprftved -of the arrangement of 1802, respett•
ing the Siniking Fund, he forbore to state his
Objeetibly,,incensideraiion 'oftire.. 'coincidence of,his
late Right tron:•Vriend in that scheme. • The Mi-
nister of that tbry (Lord-.Sidhionth)-, though availing
himself iff4lle:kBMkinfr rtnid, hAd, "however, met the
ditlicultyor6kation rrianfUlly, by
.bringing forward
Taxes more than adequate to the interest and Sink-
ing Fund ofafiesufin V,as boiTOWed that year.
flis late Riglit4dn. Friend 1114IB'qiiied the accumu;
Jation of the 'Sitiking Fund for its original purpose-
to four miliions -and'. when ,it should exceed that;
the excess Ar'l4 to go• to life reductions ;of Taxes,,. His
'great objeciion to the Phut. was, that it tied up the
hands of Parliament;- hs far as an Act of Parliament,
always 'viable to-revision, could tie flterh, `for twentY
years: It was 'also an 'objection that the Plan
was calcitilated on the War Taxes 'of 'Excise and
Customs, which could not lie expected to be per-
manently prottnetive. The system of borrowing
was, besides;carried to an alarming length. When
the War Taxes should be all mortgaged away, and
it should be .rteck.:.sary to go into the market for the
whole sum -cif a nifty-tWolnill'ions, that sunrulaytartly be vie"
fOund fel" one -year, but %t. could not Iv
found for many years in Succession. There was., be
'tdhitat:tl,re.
aides, are execs to be loOked for on that expen'
excess.nandinetinaLed-ratogethorte.etin"ll:ltion'tsiv:e'aniadstinyLatilrsti;
)4A'rs, 5,000;0601. taking the average at 2,500,°°19."
.and adding it to the Suppletnentary
Loans, the "
penaitnreofeaqh year would be 3.5,000,0001.
A 'proportion,tipd'proportion,in that 'Case would the Vinkir%
bear to the
.National'bebt, *in comparison to
what it would be by -persevering in the Tirreaerrt sr-
tern. The taxes of -EV6Se ;and Customs must fall/off
fi-dnl their *sent aThount in time' of peace, 'The
Duties on Tea were now g per cent, on the value
of the article. ,Whth the comtnutsition ttotik place,
it was at as. The-conSnrnption was then ,foin Mil-
lions pounds. The duty was redliCed, and the con--
sumption gradually 'rose tolorty trillions. :The,duty
'l'kas'afterwards raised, and.the consumption fell back
to twenty millions .of pounds. Renee:it was to be air.- '
preheildtld that the consumption which had been irn
proved by'thereantaion of the Clutywould'be
greatly
reduced by the continuanee of tare duty, which was
'now 10 per celnt. higher than when the commetatiol
•:tihd- taken place. There were other great advantages
from the redu&ion of the duty, which. would be ell-
dangefed by:elintinuing iL 'at its present. high rate.
• --The export's' to 'China bad been but 84,0001.
.a.-year, now they were 1,060,0001. The tonnage
in the China Trade was but fiVe thousand, now
it was eighteen thousand, end at a cheapr
A deterioratiOn in these important points was to
apprehended , froth the Noble Lord's plan- The
duty on rum had been 6s. a gallon before thd Con"
§olidation Aa, and the consumption was their
1,346,000 gallons. The duty was 'reduced to 45,
and the conutription increased to 52,431,000 gal-
lons. The duty was now 1 is. a gallon, and
consequently trio continuation of it in time or
peace must materially reduce the consumption.---
The consumption of brandy, when.it Was charged
with nine shillings k gallon., Was 744,,000.ga110n5, it
increased in 'the saqie extraordinary Wheil
the charge Was redticed tb ad, a gallon. Now
paid 13s. Bd. and dsirnilardeficiency ofconsumptioh
was to be apprehended freth Ohtittning that charg'th.
The dtity on stiO( Wrasp..l6pge dent. w-h;cin it would
be impossibletot-the Planters to pay in Peace, .The
Same may be said of the duty on •Cottori «70O), which
would be.furthef injurious from the compe.tition
cotton manufadures with forei,n CotintrieS,:;tivbiOi
-Were in many instances enabled uri3brSell us.
The additional wine duty had been, niadepernaaneil*
last year, to prevent injuriouS speculation. But it
Waa intended-to repeal it with the other War TAO
at the close of the War, and it it was cOliiirMed
conSutnption .must fall off. • The redn6idti chid
duty in a former instance had doubled the-eorisinqj.
tion.- Tlte'next article AVIS the Toliiiap
had never been More Sufplised, tliAn when he had
heard of the intention to continue this duty..
this tax had been first instituted, it was protntl:,
eci that the regular
.supply of convoy- would
compensate the charge, by the in-
On. its continuance in the last Peate,. re'
monstrances had been presented to the TreiStity%
The 'Competition of Oerman linens would, by
the
continuance of this dutf too, meet elrat a great ad°
vantage, so as to Undersell
.tiS phice:•?.
Even now theselinens were introduced into our Wcst
Iridiß Islands, by the circuitous navigation ofkbei
The benefits °tithe warebousingsysfem would qlsoNx-
dope aWay by tht edn'.inuata-,e of this ftik.
Were now exported from ,this country* font'
nnfatiurei to the anioUnt 'Wen ruillionq, and Brfti,st.
Tnanufdtelnris' tti
,the'ithount of forty 13r
contintiance- Of this Ad, a great part of thtr,ctf,
lying trade of this export; which he Al
go great A beirefit, wotrld be tranSfeited to foreiglz
Countries. lie allowed thestear etficaby of ti!e ma--
Slues adopted, to prevent Stftiggling, but e+ hen
great a duty as 5..8(1, a- gallon on .bfOstly, tifotatki
so strong a .temptation to Abe smugglers, there
could be no, hope of preventing that praetiee al-
together. ,The.itttgaler could save hitia-Self. by
making one successfUl voyage out 'of four. Eat
three out of four
.voyag.,es Avete geuetaily successful.
.He allowed that. no ar=ticles could better _hear taxa
tion than: thoSe of consumption, but they t!i,•lld not
tie taxed '3O a 5 to, diminish"' the oonstiriiption.
duty ;on Malt also,
,the several alterations of
he traced from the original 1.4 a. .a
bushel, to the'ad,
ditien of is. more in 1802, and 2s. further at the
commencementof the present tVEIr, Avon-id no 10 trg.or
be able to bear its preSent, charge in time of :
and would he attended with ititin.'Ae 11.,:a-dsbit.-.; at
the same time that it would be .lest
Taxes on consumption V.:<:.re more c.:;1, ih paid, be: Jose
paid indirectly, and by .a little .at a time, than, the tA
On property, which (A:fiscal the who:c
. wolf ii recontnierict thercotrth t-iance
sinoil-Property Tax .of one-,.0r two per :t
than the continuation cftii_lVarTaxes,ali tiehSecttio•
of them may be continued to a {:ltein exteu itli

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