The Sun.
London, England, 1822-05-25 00:00:00

Yesterday the infant Printess. VlTTstiiiiA, the
daughter of the Duchess' off' KENTjtompleted her
third year.

c 7

On Thursday morning .the:Auke of-GLouCEs-
' TER left town for =lpsoni Races; from thence
his Royal Highness: proceeded on a visit to Mr.
jO,pFkE, where be..was joined by.thel4rl.)an4
Countess of COVENTRY, Viscount DELII.IIURST,
and a numerous party.

THE LONDON JOURNALS.

..grTRACTS FROM TIIT. DAILY' MORNING PAPERS,

May 25, 1822.

. •
DIORNING POST.I
We have to-clay the sincerest gratification •in
finally developing the
•Chancellor of the Exche-
quer's plan for commuting the present dead
charge of five millions on the Half-Pay. and Pen-
sion Lists, and also stating the several remissions
of taxes; amounting in the whole to two millions
i year, which the Right lion. Gentleman last
night proposed to the • House of Commons. It
has often been our duty to bear witness to the
satisfaction with which the measures of his Ma-
testy's Government have been received by Par-
liament, but in no instance perhaps do we re-
collect a stronger or more unanimous expression
of that feeling, than during the progress and at
the close of Mr. Vansittart's speech on the pre-
sent occasion. This satisfaction, We may confi-
dently add, was but a feeble earnest of what the
whole Empire will experience and testify when
the result of last night's proceedings is universally
known.

[THE TIMES.]
Last night came forward the Chancellor of
the Exchequer's new resolutions, for the purpose
of shifting off upon posterity a portion of the
payment of the military and naval pensions, now
defrayed by the country every year. If the
public can conceive a project, involving in itself
every species of intricacy and perplexity, and
ending at last in perfect. nullity, they will then
have a just conception of the project now sub-
mitted to them. The nation at present can pay
these pensions, for it does pay them ; a provision
is made in this year's budget for the due dis-
charge of them ; but instead of this plain and
intelligible course, what does the Chancellor of
the Exchequer do? Ile pays over 2,800,000?.
of them to certain trustees, whom he ena-
bles to increase that sum to the full amount
of the pension and the half pay charge,
by the sale of annuities. That is, for ex-
ample, a man who shall this year advance the
sum of 10,0001. to the trustees for paying the
pensions, will receive an annuity, according to
the price it will obtain in the market, out of the
2,800,000/. charged upon the •consolidated fund,
till the 45th year, when his annuity will have
attained its maxi/mon of duration, and with a
procumbit humi Los" suddenly stop. All that
we can say upon this part of the scheme is, that
it many people advance their money on such a
speculation, we shall be surprised. The South
Sea Company would not attempt to add to its
stock for the purchase of such annuities; and
what a Corporation would not do in the gross, in-
dividuals would hardly do in the detail.

[NEW TIME,,.]
We have great pleasure in drawing the atten-
tion of our Readers to the plan explained by the
Chancellor of the Exchequer last night in the
House. It will be found highly satisfactory in
all its details, and especially as affording the
gratifying relief of two millions sterling to the
country in those taxes which have pressed most
heavily on agriculture and shipping.—We heard
with pleasure that the Sinking Fund was
not only to be maintained in its full integrity of
five millions annually to inci ease with compound

interest, but was to be augmented by the sum of
. four hundred thousand pounds per annum. The
Chancellor of the Exchequer stated likewise that
no sale of the Annuity would take place this
year, nor would there be any necessity for the
issue of Exchequer Bills for the same period. It
was gratifying to us to learn that the Governorand
Deputy Governor of the Bank of England were to
be constituted Commissioners with many of his
Majesty's Ministers for the sale of the An-
nuity. Mr. Vansittart described the conduct
-of the Directors of the Bank to have been
guided by a prudent regard to the interest of the
Proprietors ; and that it was perhaps on the
whole much better for the country to save the
premium which must have been paid upon so
large a contract, if the Bank or any other great
public Body had made an engagement for it.—
We have seldom seen any proposition received
by the House with stronger expressions of satis-
faction than the ResolOtions of the Chancellor of
the Exchequer last night.