The Sun.
London, England, 1813-04-03 00:00:00

COMMITTEE ON FINANCE ACTS.

Mr. Tteet•lve, pursuant -to hiS. notice, rose 'to
move that a,oetect uommittee should be appoint-
ed to take 'into considertiun the Acts 26th, 32d,
and 42d of Geo. 111, On the best consideration
which he was: capable of hest owing on the subject,
it' appeared to him that the question on the new
pran Which had been proposed, .should be discussed
upon two separate grounds ; 'first, the machinery
• or ihe Bill, wan Which. he would not•then inter-
fere ; next, the principles on which the Bill was
foimileti. The latter was what he wished the Ilouse
tdansider ; far it was' highly necessary that they
shOuld examine in how far the foundation wab just;
upon which the 'Supelitrtiettire was to be limed..
Iris, therefore,''Wished that the Acts 2Gth, 32d,
and 42d of Geo. 111. should he considered. With
these Acts, the Bill which had. been framed upon
rOolutions Of the Chancellor of the Excite-
epier,- was profes“ully "inconsistent. lie believed
that there were few instances in which so material
an alteration of any three-Acts was allowed, with-
out havirig had some time previously submitted
the Acts-to examination. tie might be told, that
in 1802, when a great alteration had been made
upon some Acts of Parliatnent,there had not been
'any examinatiou of the, Acts so altered. -There
could not be a stronger argument in favour of his
motion, than a reference to the evils Which had
restated from the precipitancy with Which the al-
terations in 1802 had been Made. The COmmittee
for which he was about to move,. he would have
composed of the Attorney and Solicitors-Gene-
ral, two ,Learned Gentlemen on ate opposite
side of the flouse, the Governors of the Bank,
and twelve of the principal Bankers, who were
Members of the House. All that he wished was,
that 21
.selected Members of thellouse, after con-
sidering the Acts which be had mentioned, should
report Whether they. thought the plan proposed
could be agreed to ; and whether they thought it
cousisteut with that good faith, which was due to
the 'public. this own doubts on the subject 'could
be compressed within .a very narrow compass.--
lie then entered into a 'detail of the provisions of
the Acts of 1786 and 1792. lu 1802, Lord
mouth, under
,circumstances of very great difficulty
(having fifty-six millions to provide for besides
the loan fur the year, which was thirty mil-.
lions), made some considerable alteri,tioo in the
acts of 1786 and 1792. , The arrangement of Lord
Sidniouth• wits, that no 1 per cent. should be es-
tablished. on the 86,000,0001. which he had to
raise ; and that. whateVer sums were redeemed by
theCommissiotters after the maximum of the Sink-
ing ihind, which was 4.000,0001. should not be
pliteed the disposal of Parliament. On the
other hand, he had it enacted, that some trifling
and uncertain annuities should be taken from the
•
:.iinkiug Fund,. The course proposed in the pre-
srut year by the Right Han. Gentleman. Was, that
iu tOur years from the COMMeliCeillCltt of his plan
the Sink i!,g Fund should lie made less by 7,000,000/.
per annum, than it would be by the present system.
qbe ,argionent which it was necessary for tine.
tientletnan to hold in support of his lite-tisure
was, that tin re-41uption: within,. 45 ,years was all
that -w es to he-tooked to, avid - that compound in
tuna most to fie regarded. Vet in ail the re-
solutions of the House upon that subject, the tie-
c%iihelatiou of compottuti intereit was tue.htioned '
as the sure qua non of .the Fond; and the
flight lion,,t.ientleman was the very first person
-who bad broached any toct,rine to the contrary.
The Right lion. Gentleman laid his hand upon
the increasing Nelocity with which the
tend was to act, and saiti that in his opinion it
Was quite enough if provision was made for the
reeemption of the dent withhi forty-five years.
All this was to be agreed to, without ten'Mentiun'S
in the noose who had made them Selves -Masters of
the nature and importance of those acts to tie,
overthrow of which ittiey wort:ld-mot to accede:—
'lt was‘certaitily a very fine thing to think that, by
acev9l6i to the plan of the Rieht 116 n. Gentle-
luau. rosy
.wouid preveet the,neeessity of any'ad-
dmoteii ttixes for ,the next, year ; -but they ought
to rccolleet that, ite order i to prevent additional
iv,l4 liecOtiOry: 40;1:m4)qtire frOin 'snout: other
m,urce at alibi tliftON'Aii44 to tllu t taxes, the iiect2S-
Of/ oi n iiich tAqt% voiWieti to supert,ode. -Wafi it
,t 4) 0, order. to Cti.e, front II with
qec:Rd agtee.ttlept t:eou made tea

SC:HIPPS, South Ithshon-street.
I.C'Nl)l,t4". rfinicit Vit)NIAS of NO.: III; strand; and Nllaishrd ley WiLCIAM AIIN.i(;En
At the Surf ()I vicu, No' 112, ;siraild:, vr,7l;6re'ilitvolitenteilik. Orders tar the Paper, Letters for the 811itor, &e. (puss pa!d),