The Sun.
London, England, 1823-03-22 00:00:00

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SATURDAY, MARCH 22, 1823.

TO EXCAVATORS, BUILDERS, and OTHERS.
UCH PERSONS as may be willing to CON-
KY TRACT for the EXECUTION of WORKS to be per-
formed in CONSTRUCTING PART of a TUNNEL
SEWER, about 1300 yards in' length, in the Regent's Park,
Marylebone, are hereby Informed that Tenders for executing
the said Works will be.rectived at the Office of the Commis-
sioners of-His Majesty's Woods, Forests, and Land Revenues,
in Whitehall-place, on or before SATURDAY, the sth of
April next, and that a Plan, Section, and Specification of the
Works to be performed, and a Copy of the Conditions of the
Contract, may be seen upon application at the said Office, be-
tween the hours of Ten and Four.

REDUCED FARES, and UNEQUALLED TRAVELILNG,
TO DOVER, DEAL, xAmsGArs, MARGATE, AND
CANTERBURY.
FOUR INSIDE COACHES, AND KEEP GOOD TIME,
By S. A. MOUNTAIN and Co.
SARACEN'S HEAD INN, SKINNERSTREET, SNOW..
HILL, LONDON.
THE following LIGHT POST-COACHES,.
and MAILS, &c. set out front the above Inns--
The " Telegraph," DOVER, Deal, Ramsgate, Margate,
Broadstairs, Canterbury, Fevershans, and Sandwich. new
Post-Coach—every Morning at a quarter past Seven o'Clock.
In consequence of the decided preference gisen to the above
Coach, the Proprietors are determined no expence shall be
spared to render it the first conveyance on the Kent road.
BROMPTON, Chatham, Rochester,. Gravesend, Stroud,
Sittingbourne, Rainham„ and Ospringe, Morning, Quarter
past 7, at Reduced Fares.
The " Royal Eclipse," FALMOUTH, Plymouth, Exeter,
Truro, Bochuin, Penryn, Ashburton, Totness, Weymouth,
Dorchester, .Dartmouth, and Salisbury, every morning at
Seven ; tin ough Honiton, Axminster, Brid port, Blandford,
Stockbridge, Sutton, Basingstoke, Hartford Bridge, Black-
water, and Bagsbot.
The only Day Coach to WEYMOUTH, (driven through
wilts Two COaCiIMCII only), through Bagshot, Illackwater,
Basingstoke, Overton, %V hitchurch, Andover, NVoodyeats.
Casbmore, Salisbury, Woodford, and Dorchester. at a Quar-
ter past Five o'Clock in the Morning, at reduced Fares.
The" Union," SOUTHAMPTON, Lyntingt on, Lyndhurst,
Winchester, Basingstoke, Hartford Bridge, Blackwater, and
Bagshot, New Four Inside Coach, every Morning at half-past
Seven; arrives at the Coach and Horses, Southampton, by
Five. This is a most delightful Conveyance to the Isle of
Wight, Jersey, Guernsey, St. Maloes, Havre de Grace, Cher •
hourgh, &c.—The Proprietors of the above Coach hope to
receive a continuance of that support which has hitherto been
experienced since the commencement of the " Union."
The " Champion," a New light Day Coach to DOR-
CHESTER, in 18 hours only, through Bagshot, Blackwa-
ter, Basingstoke, Overton, Whitchurch, Andover, Salis-
bury, Wood)eats, Casbmore, and Blandrord, at a Quarter
past Five o'clock in the morning. The Proprietors of the
above Coach are determined no expence shall be spared to
render it the first conveyance on the Western Road.
BATH and BRISTOL Post-Coaches, through Chippen-
ham, Caine, Marlborough, Newbury, and Reading, every
Afternoon at one; arrive at the Greyhound lain, Bath, the
London Tavern, Thomas-street, and Swan, Bristol, early the
next Morning.—Coaches to Wells, .Bridgewater, Taunton,
and Plymouth, at, reduced Fares.
The " Umpire," a New LIVERPOOL Light Coach, only
one Night on the Road, carrying Four Inside, sets out Daily
at One ; arrives at Liverpool next afternoon at Five, Ilnough
Woburn, Cothbury, Northampton, Welford, Lotter-worth,
Hinckley, Atherstone, Litchfield, Stone, Newcastle, Knuts-
ford, Warrington, and Present.
SHREWSBURY, Wellington, and Shifrnal, Light Post-
Coach, every Afternoon.—Guarded.
The "Union," WEYMOUTH ; through Dorchester, Bland-
ford, Salisbury, Andover, Overton, Basirigstuke, Hartford
Bridge, Blackwater, and Bagshot. new Post Coach, After•
noon, at reduced Fares.7-Packets from Weymouth to Guern-
sey, Jersey, Cherbourg, St. Maine's, &c. every Wednesday
and Saturday afternoon, at Two o'CloCk.
BARNSTAPLE and Southmoltoo New Light Post Coach
every Monday, Wednesday, and Friday Mornings, at Seven
o'Clock.
The " Rockingham," LEEDS light Post Coach, Sets out
every Afternoon at Two; and passes through Boldock, Big-
gleswade, Eaton, Buckden, Stilton, Wansford, Stamford,
Greetham, Grantham,' Newark, Toxford, Markham Moor,
Harold, Bawtry,Doneaster, and Ferrybridge, to the Golden
Lion Inn, Leeds, next Afternoon, at Reduced Fares.7-Lug-
gage and Packages only id per lb.-=-Notwithstanding the
uncommon Expedition of this Coach, it is allowed to be the
most agreeable and complete Public Conveyance on the
North Road, being unequalled by any other.
HARROWGATE and Ripon new Light Post Coaches, every
Afternoon at Two, and Eight in the Morning.
GLASGOW, Longtown,Gretna-green,.Arman, Dumfries;
Brownhill, Thornhill, Sangultar-Kiln, Canisock, Kings-
well, and all Parts of Scotland, a light Four inside Post
Coach daily.
The " Express," to YORK, Scarborough, Whitby, Shields,
Sunderland, Newcastle, and Edinburgh, a New light Four
ipside Post Coach, with a Guard throughout seta ont
every Morning, try way of Newark, Retford, Doncaster,
Ferrybridge, Tadcaster, Darlington, orthel tenon, Durham,
'Mot peth, and Berwrck, and tinier' at York the next Morns
ing at Twelve o'Clock, at reduced Fares. Passengers finds
ing themselves fatigued on the journey, may rest what
time they please, and then proceed without any additional
Fare.
MARLBOROUGH and Swindon, four-inside Day Coach,
through Aldbourn, Reading, Lambourn, Ninon, Lvdington
Pewsey, Wootton Basset, Ramsbury, Hungerford, Newbury
and Maidenhead.
BRIDGENORTH, Shrewsbury, Salop, and Holy-
bead New Light Coach, eve's. Afternoon, at reduced Fares.
The New Royal Patent Mail, BOSTON andXoutir, through
Royston, Cambridge, Huntingdon, Stilton, Pete' borough,
Deeping, Spalding, Spilsby, Alford, Glinisliy, and Hull,
Evening, at Half past Seven &Clock, Sunday, at a Quarter
before Seven:
The" Express," a New Light Four-inside Post Coach to
CARLISLE, Penrith, and Whitehaven, goes with Four
Horses, and a Guard all the way, passes through Appleby,
Brough, Bowes, Greta-bridge' RichMund, Catterick, lio-
roughbnage, Ferryhridge, Doncaster, Newark, Rawny,
Grantham. Stamford, Greetham, Stilton, Biggleswade, and
Maria. Sets ont in the Morning, and performs the jour-
ney wills the greatest facility; at reduced Fares. Passengers
detained on the Road by business or pleasure, hare the pe-
culiar advantage of their Seats being secured its the next
Coach.—The only direct Coach to Carlisle.
The New Royal Patent Mail, 4AMBRIDGE, through
Ware, Huntington!, Rockland, and Royston, Evening, at
KM past Seven o'Clock, Sunday, at a Quarter before Seven.
KENDAL, Lancaster, Preston, Kirby-Lonsdale, Bolton,
Churley, masa, and Garstang Light Post Couches, evert
Afternoon.
The " Royal Express," Now Light Four Inside Post Coach,
to LIVERPOOL; to ill hours only, through Warrington,
Present, Congletun, Lawton, Newcastle, Ruogly, Koutsford,
Stone, Stafford, and Litchfield, (only One Night on the
Road), every Afternoon t arrives at the Saracen';. Head Inn,
Dale-street, Liverpool, next Evening, at Seven, at reduced
Fares.
WAKEFIELD Four inside Post-Coaches, every Morning
and Afternoon, at reduced Fares.
CHESTER, Newport, Wbitechurch, Tarporley, Nampt-
wich, Northwieh, and Middlewich Light Post-Coach, every
Afternoon.
SUNDERLAND, Stockton, and Yarns Light Post Coach,
every Morning, to the George Inn, Sunderland, at reduced
Fares.
Mountain's " Express," to MANCHESTER, Winslow,
Congleton, Newcastle, %Vatsal, Wolverhampton, to Knots-
ford, new Four Inside Post-Coach, every After noon.—Only
One Night on the Read, at reduced Fares.
SHEFFIELD and Rotherham New Four inside Post
Coaches every Morning, called " The • Express," awl also
af The Rockingham,' every Afternoon, at reduced Fares.
The "Royal Express," New BIRMNGHAM Light Port
Coach, sets out every Afternoon, carrying Four Inside only;
passes through Warwick, Leamington, Southam, Weedon,
Dave:dry, Stoney-Stratford, and Tuweester, to the Saracen's
Head, Bull-street, Birmingham, early the next Morning, at
reduced Fares. •
The " Express," a New Light Post Coach, to HULL, Lin
-
coin, Northcave, Howden, and Doncaster, every Morning of
Eight o'Clock, to the Cross Keys Market-place. Hull; and
also' the " Rockingham" in the Afternoon at Two o'Clock.
HERTFORD, Ware, Holdusdon, and Chests wit Coach,
at reduced Fares.
TOTTENHAM and Edmonton Coaches daily, at Eleven,
Half-past Two, Five, and Eight o'eloek.
oos At Rednced Fares -to -Leeds, York, and Doncaster,
Luggage and Packages at only 2d per. pound.
S. A. MOUNTAIN and Co. respectfully acquaint then
Friends and the Public, that they will not be accountable for
any Parcels, Passenger's Luggage, Writings. Plate, Oce. Si
more than Five Pounds Value, if lost, stolen, of damvial-',I.
unless entered as such, and the Insurance- paid accord-
ingly, at the Saileen's Head lash, Skionee.sne,;,
London.

recess the Noble
.Earl said he Should call the attention of the
House to the subject, and he concluded by moving, " That:
the returns be printed for the information of their Lordships:".
—Ordered.
NATIONAL DEBT REDUCTION BILL.

The Earl of LIVERPOOL rose, on the Order of the Day
for going into a Committee on the National Debt Reduction
Bill, and observed that he should shortly endeavour to prove
that the House ought to concur in adopting the principle of
the Bill. It was not his intention to enter into a long dis-:
cussion upon the question. The subject of the National Debt,:
as connected with a Sinking Fund, had been frequently before.
Parliament. The Noble Earl knew that doubts had arisen ;
he might, however, say, that having been called.by the duty,
of the situation he held to attend to the subject, and having'
given it all the attention in his power, he had never seen any.
reason to alter the opinion he had formed on the expediency,
of the Sinking Fund. The principle was first adopted in .170 f
and 1792, but during the war it was found expedient not to,
carry into effect the provisions of the Acts upon the sub-:
ject. No person could be surprised that in a war which lasted,
22 years, carried on upon a scale of expenditure unparalleled,
the Government should fail in the enjoyment of all the benefit',
to be derived from the principle of a Sinking Fund. Without
entering into the question of the policy or expediency of the
war, he might say no person under the circumstances of that
war, could expect to carry the principle of a Sinking Fund to
the fall extent. It was true those principles had not been car-
rled into execution to the extent they would Italie been under
different circumstances, but notwithstanding all he had heard
from high authority in the way of 'objection to the measure,.
be was still convinced that this country owed its means of car-
rying on the late wars, to the endeavour made, to give effect
to the important principles of a Sinking Fund. It had
been thought desirable to ascertain what was the state of the.
Country and the Revenue before Parliament should Come to
any settled system. lie was ready to admit that the only real
Sinking Fund in time of peace was a clear excess of income
over the expenditure. In time of war different considerations
might apply, like those on which the Act of 1792 had ori-
gMally passed. He knew that various opinions previiled on
the subject. Some maintained that a Sinking Fund was wise
in time of peace, but not in time of war. Others considered it
of much greater Importance in war than during peace, With-
out entering into the merits of those separate questions,_ lie
fully admitted the great advantage of having a real Sinking
Fund during peace, consisting of an excess of Revenue taken,
not on the produce of one single year, but on a fair average
of several years. In the year 11119 the House of Commons
had passed a series of Resolutions on which certain measures
of taxation
.had been adopted, which formed the basis of
the Bill before their Lordships. Those Resolutions de.
dared, that after. looking ' at all the circumstances of the
country, it was expedient that there should be a clear.
Sinking Fund to be applied to the liquidation of the Na-
tional Debt, of not less than five millions; -that it should be
allowed to accumulate till it should amount to one himdredth
part of the debt ; and that when it should reach eight millions,
it would be for Parliament to consider whether it would not
be stifficient, and whether the surplus should not be applied to
the relief of the country from taxation. It had also been re.
solVed, that it would be desirable, that a new arrangement
should be accompanied by a simplification of accounts • that
they should be fairly balanced, and that it should be settled by
a new Act what the sinking Fund really was and ought to
be. This arrangement had unavoidably been delayed till
now, and was proposed to be carried into effect by the pre-
sent Bill, the object of which was to establish a :;inking
Fund of five millions, which should accumulate till , they
amounted to one-hundredth part of the National Debt, when
the Surplus should he applied to the :relief of the public
from taxation. This year there was a Surplus of 7,200,001.
and the line of policy in some degree already sanctioned by
their Lordships, had been to repeal texes to the amount of two
millions two hundred thousand pounds, end to form a Sinking
Fund of the remaining five millions, according to the Resolu.
thins of 1019. After having read almost all that bad been writ-
ten on the subject in print and in manuscript, and having heard
the sentiments of the men best lie to form a right
„judgment,
his opinion was made up as to t to propriety of mainteinhig it
Sinking Fund. Adherence to it was absolutely necessary, un-
less it could be supposed that this country should never be
compelled to engage in war again. However desirous annum
be to remain in a state of peace as long as it should be consistent
with the honour and safety of the country, it must be evident to
ever y one, that any system of policy not grounded on the pot.
sibility of future wars, must rest on a rotten foundation, and
must prove a most likely cause of the rise of such wars. Future
events could not be expected to differ much from the past.—
They mutt consist of an alteration of war and peace, and
What woun be,the situation of this country if it always in.
creased its debt in time of war, and never dinunished it in time
of peace ? Shell a course must terminate in her ruin. It would
not be effernal by the first, the second, or the third war, but it
mast eventually leas to a complete change of property...,-
Every man of common sense must see that if the supplies
could not be raised within the year during the war, some pre.
vision must be made to clear away the Debt in tune of peace.
With all the experience which he had acquired during the last
thirty years which he had been in Parliament, and after taking
every minute view of the subject, he must support the principle
,of a Sinking hind; not certainly of an indefinite one, ter
beyond a certain amount, it might be attended with evils;
,bat
a Sinking Fund restricted to a limited extent, would, he was
convinced, be productive of great advantages both in peaCe
and war. It had been a consideration whether war impover-
ished a country ; but that consideration was not true as far as
it related to England.' Never had she been impoverished by
any war in which' she had possessed the command of the sea.
If a country became the seat of war, it might be impoverished
whilst it lasted ; but looking at our maritime superiority it was
an undoubted fact that this country had been enriched by war.
Her wealth in every branch had encrensed to an enormous ex.:
tent, not only during the last war, but in that of 1750 ; and
whenever she had enjoyed a maritime superiority. For war
acted as a mighty stimulus, creating artificial markets and arti-
ficial expenses. But when he said that he did not mean to assert
that wars were not calamities; he einisidered them as such, on
the contrary, because of the great changes and revolutions whiCh
they produced in property in proportion to their own extent.,
For there was not merely a change from peace to war, but after-
wards one from war to peace, and in the course of the last con-
test it had been seen that the property of the Fundholders bad
been diminished nearly one-half. This might be partly as-
cribed to the measure by which the Bank stopped cash-pay,
meats ; hut he thought it would hove happened to nearly the
mune extent, if that measure had not been adopted. Their
Lordships had also seen Agriculture make, during the last was',
such strides as it had never made before, and rents rise to an
elevation *filch they had never previously attained. They had
since beheld the retro-active principle in full force, and the
Value of landed property diminish. He considered a permanent
sinking fund, to a definite extent, and likely to be maintained,
a most important measure to prevent the diflienlties and dangers
of those alterations from peace tower. Supposing that a sinking
fund existed, of sufficient magnitude to carry on the expellees
'of an ordinary war ; the result would be, that the breaking cut
of such a war would be 'attended with no new loans—no new
taxes, and no change of property. If this were true of a sink.
ing fund to that extent, it would be equally true to whatever
extent that sinking feria might eitist ; for it must have the
effect of proportionably diminishing; the evils of those alterations
froth war to peace. It bad been recommended by the oppo-
nents of that system that five millions of taxes should be taken
off during petite, and laid on again, if a new war abolild arise.
But this. course would encrease the evils of the alternation,
whilst much good must be produeed by a Sinking Fund, which
would reduce the debt in time of peace, and in time of ;war
would lighten its charges. He would not wish, hoWever, that
it should be carried to an indefinite extenteon.nceount of the
injurious effect which it might have on the capital of the coun.
try; and because, if carried so far, it would be less likely to
remain sacred in time of war, whilst if it were smaller, it would
be safer. That was in tact the original principle .on which a
Sinking Fund had been established by 111 r. Pitt. It was in-
tended that it shatild'accumulate till it Wrenched four mil-
lions, and then to stop, Now five millione was the Sum fixed