The Sun.
London, England, 1812-06-18 00:00:00

SINECURES.

Mr. BANKES moved the brder of the day for re-
suming the proceedings on the Bill resptcting Si-
necure Places.
The CHANCELLOR of the EXCHEGIIER stated.
the Bill to have the recommendation of the Pri;.:o
Regent.
After a few words from -.N.fr. C. Wynne and :Yin
Courts-may, the Bill was passed.

BARRACKS.
Mr. W4RD wished to know if it was the inten-
tion of Government to erect the Barracks in Mary-

le-bonne Park on the plan which had been for"
merly proposed ?
Mr. WHARTON said, the subject would again lie
fully considered befote the sums necessary to carry
that, plan into effect were introduced in the esti'
mates of the year.
Mr. BROUGHAM put a similar question respect-
ing the Barracks in various parts of the count:l,

:to which a similar answer was given, which ‘rtli
loudly cheered by the House.
The accounts of the Excise duties on Glass aro(
Tobacco having
.been referred to the Committee
of Ways and Means, on the Motion of the Chau-
cellar of the Exchequer, the House resolved itself
into the said Committee.

THE BUDGET. .
The CHANCELLOR of the EXCHgQUER declared,
that he could not rise to perform the duties of his
new office, without feeling sensations unusually
painful at the recollection .of the lamented indi-
vidual in whose place he stood. He could scarcer"

consider himself in any other light, on the present
occasion, than as developing the plan which hi:4
predecessor had left in his office. Well would it
be for him, could he as easily inherit the manifold
talents and virtues of his lamented friend, and thcs
high public approbation with which those talents.
and virtuek were crowned ! Under the present eir-'
cuinstances, the Committee would not expect him.
to do more than to state, as briefly as posalcf
What (with the exception of a few particulars., •
on which. he would renlark when he carne to

them) was the Budget of their departed friend.---r
He would now proceed, without further pre-
face, to , lay before them the chargc.3 for the pre-
sent year,
.and the estimate of the Virays and
Means, by which it Was proposed that those
charges should be met. The whole amount of
the supply was alrcady within the kriowled:Te of.
the Committee ; and had been' agreed to by the

llouse, except a few votes of miscellaneous ser-
vices. It certainly was an, enormous, and he

might say, a, terrilile charge ; 'but it was same'
consolation to reflect, that happily the resourCe:i.
of thC country were not so 1,, iken down, as to-,
render it impracticable fully to meet it. Ou a re,"
ference to the papers on the table, it would "Pp'
pear; that for the navy, exclusive- of ordnance
sea service, the sum ,required was 19,702,3991.
For the army, including barracks and connnissa,.
riat, 14,577,6931. An additional vote of 90,004
had been agreed to by.the House ; but Govern,
meat had determined to strike this Sum off, and

reserve it to be disposed of by the appropria-
-:_._ __z

. . . .
ed from the, intention pat to,:'eAr-ty into irnitie-,
di ite execution the projected barracks. He begged
to be distinctly- understood On . this 'part of the
• subject. Ire by no
_means- disapproved of. the
Wan for the erection of those barracks, although
he was 'not prepared to give an immecl:afe opi,
!lion upon it. " The Board of ,Treasury had sim-
' "ply determined not to make themselves responsible
for a plan, the merits'of which they had not yet
had sufficient time,to 'Consider. It was probable,
and" indeed More than probable, that the resolu-.
tion to wilielithe House of Commons had agreed;
bt something approaching to it, would be carried
into effeet: At this time, he should repeat; that
the present'Goverinnent had not been in office for
4 period sufficiently lon_to enable them duly to
".,lei;preeiate the value Of the proposition—alear ,
r,!,:ir ! from the Opposition Benches) . Didthe Gentle-
" Alien oppositethink a week was ample time for such
1 consideration ?. or did they disapprove of. the
Te,-.olution of Government to inquire minutelyinto.
• the expenditure of the country ,?-=-The ENtraor-
xlinaries of the Army..unprovide.d for last year,
Amounted to .2,300,0001.5 . besides which tliere
Zvere for the resent year 5,000,0001. :fdr Eng-
ilntl, and 200;0001 for - Ireland. The ordnance
(including Ireiand)..Was 5,279,8971. ' 'Die iniscel-
4neous services (inclUding 400,0001. Irish perma-
nent grants) *ere 2,340,000 L ItWas . also in-
,tended to propose a vote of credit of 3,000,0001.
fur England, and 200,0001. for IreLnd. The sub-
*dies would be nearly the same as last year, viz.
100;000l. to Sicily ; and 2,000,0001. to Portugal.
aese various items . would stand 'therefore as
Follows, vit. : - .
llaxY,exclusiVe of Ordn'ince Sea •
Service ,:419,702,399
-41.41 Y, iticludidg ,barracks and ,
• treoairoissariat - C 14,577,69 17,7-56,160
atto, Ireland 3,178,462
txtraor • ' ~ Eng'land 4'°°°'°" ? s,`'co;odo
dinarics ?Irehm.l 200,000 - • •
Un •
,rprovtded ditto last year
.2,300,00 Q
iti.littnce, mciuding Ireland ' ~ 5,279,897
1,;7,ei1a3e044 (igcludi ng 400,e001.)
----,. perinauent Grant 4
ote of Credit ' Egtgland 3,000;000 ,„- „ ~,,,
C Ireland
Sicily
400,000
Ptirtuoi • 2,000,000

2;350,000

Total of Joint Charge 455,189,456

Pro this sum must be added 100,0001. repayment
of the Loyalty Loan, and ,700;0001. interest on
Exchequer Bills issuedein the last year, making
together, 1,800,2921. To this must also be added
tke amount of Exehequer Bills charged on the
ifis. of 1812,' outstanding, which it was not in-
tended to replace by the issue, br new bills; viz.
.387,6001. He was bound to state that this ar-
rangement.was suggested by the Bari'.;;of Eng-
and themselves LC) his late, Right lion. Friend,
and acquiesced in by him ; a circumstance which
I.lfticiently proved that the Bank had not the de-
!ire which had been unjustly imputed to theth of
14creasing the unfunded debt without limit. These
-4')3§, added together, made 4,187;8921. ; which
again added to the stint Which he had already stated
of 55,188i4561.• in. the total of the supplies
12,376,348. From this must be deducted the
Irish proportion of 58,188,4561. or 6,845,700.
'and the Irish 'Civil List, &c. 180,0031, making to.;
gether 7,025,7001. The result was, that the total.
of tse Supplies left to be provided on the aeconet
f England, was 55,350,681. The way in which
he proposed to - meet thiS charge, enormous as it
geared to be, was as follow's, viz.—Thiv Annual
J-kuties 3,000,0001. ; the Surplus of the Consoli-
dated Fund, 3,600,0001.3 the War Taxes (includ-
ing the Property Tax) 20,400,0001..; the Lottery
'lOO,OOOl. • the Loan in the 5 per Cent, Annul-
les, funded by the Subscribers of Exchequer
ills last year, 6,789,6251.; the Exchequer Bills
'Asued on the Vote of Credit, three millions e
aud here he would observe that there would be,
4_o addition to the
•unfunded debt, a tuffi-
ietit amount of Exchequer Bills having been
rintled to cover the-three million issued on the
dote of Credit of last year. The Naval
Stoles, now for the first, time brought to this ac-
count, would be 441,2181. ; the surplus of the
.t„aYs and Means of last year would be 2;209,6261.
titiis surplus arose in a Ivey which-he would ex-
Plain to the Committee. A part of the grants of
last year consisted of Exchequer Bills, to be paid
01,113 y the aids of that year. -A large portion
those Exchequer Bills had been. funded 3 and,
ifer making good a small deficiency which ex-
the sum, as he had before stated, of
ti°9,6261. was left unappropriated. The .only ar-
illete of the Ways and" Means which it remained for
bi,',4l to enumerate, was the Loan-15,650,0001.
viz
"se various items would, stand, therefore, thus,
Ate,
nal Duties s Z 3,000,000
Vv. Pius Consolidated Fund 3,600,000
axes Ixes
Lea Y 300,000
- Vol bti Subscribers of Exchequer -Bills funded.. ,789,6'25
Credit. , • . 3,000 ,000
Storec
, 441,
71.! 218
lUs 'Ways and MranA, 1611 ,created hy fund-
le, Part of the Exchequer BillS charged on the 2,203,62 G
of that Year

15,6:50,000

,C 55,390,459
4p e Ways and Means exceeding the Supply about
would next advert to the-mode in
the probable amount of the Surplus of the
°osolidated Fund and the War Taxes
.had been
hletlhated. The Surplus of the Consolidated Fund
been calculated on the average produce of the
Customs
last years. The average produce a the
for the three: last years was 5,160,0001.;
c
'k the Excise, 13,118,0001.; of the Assessed
-e33 5,559,0001.; of the Stamp Duties,
',1.,.0,1 0001:;) of the Post 'Office, 1,240,0001.;
liis'lhaft Grants, 100,0001.; of 'the Personal
`ate .of the Crown, 141,0001.; of the Land
p)., 1,310;0001.; of Exchequer Fees, 60,0001.;
lie toe Tontine, 24,0001.; of the
11.50,001.; and of Jmprest. Monies,
Bmaki7g, the total average annual
ears Opt of the Consolidated Fund for the last three
37,262,0001. to which must be added,-
tC‘6,00014 on-account of the war taxes, matiing,
Co 'whole 39,938PC01. The whole-charge of the
bi Ilsolidated Fund for the year ending •in Fe-
t,g,.ry last was A 4,504,0041. ; leaving
.a Surplus
mti5,434,0001. But it-was necessary on that stir-,
' TSto Provide-for the discharge of 900,0001. voted
ht Session, and the charges of the present loan.
til.ereseetn. s deducted from the gross surplus, left
___ _ _ •

IXe had estirnated it at ::3;60,00qi. 13ciof the
nearest round sum. 116 war taxes, •ciistoms,
•and excise, bad been estiniated., on -the average
produCe'of the three last .years. (Into the de'-
• tails of this part of:the-Right Hoflonrable Gen-
tleman's sneeeli, the lOwness of is tone, and -din
'not being possessed of the Official documents,.pre-
vents 'us from Minutely entering.) Hea'nticipated
that it Might be thought:Unfair to state the pro-
bable- produce of the
.revenne this year on
the. average of the three last years, 'bteatise it
might be urged that that revenue -was gradually
falling "off; but such was tint tbe.fact. The quar-
ter ending the- sth January, 1811, fell consider
ably short, even to the amount of 760,0091: of the
quarter'ending the .7th January- 1810, The quar-
ter' 'ending the sth Oetober,. 1811, .fell short by
'469',0001. of the (mailer ending the ,sth- October;
1810. But the quarter ending the. sth of January,
1812; exceeded the quarter ending the sth of Ja-
nuary, 1811,- by 31,0001. ; and the quarter ending
the sth of April, 1812, -exceeding the amount
of the quarter, ending on the-sth day of April
1811, by 463,0001.; a SIIM, much surpassing the
increase which the new duties could have occa-
sioned in that qnarter; and which:sliffiCiently
proved the growing increase of the revenue. After
adverting to the terms on which the twelve mil,
lions loan of last-year was
.borrofved, the total
charge on -which was six and a half
,per cent. e
he stated that the capital stock Created by the
pveient loan would be '27,514,0001.; ^rtd tlntt the
total charge, compounded of 826-,0001. interest,
arid 275,1001; Biriking -Fund and. management,
Won' Id be 1',101;0001. The rite of interest to
the subscribers "would he 51. ss. 7d, per cent.;
and the whole charge to the publics,
,including the
expellees of management, 7.per cent. The pre-
sent situation df the country had not enabled his
Majesty's. Mini,'terzi, to edlelude the loan tei so
advankageous terms as were obtained liSt years ;
but then it should be remembered that the present
loan was for a Mob larger sum tha.'!' for - the
loan Of last year ; and he believed it would be
found that no loan of such a large amount had
ever been -contracted for; bur on still higher in,
terest. Indeed, he feared that the contractors for
the-loan had more reason to complain of Navin;
• been hardly'dealt by than the public... He should
feel happy if the bargain should prove more pro-
; itable to them in future than it had hitherto
done. Such an improvement of the public credit
Would be hailed with the greatest satisfaction by
'his MajeAy's.MiniSters: lle 'would proceed to
that which was the most important, elhough
certeinly it was the most disagreeable• part of
his task, and certainly not the - less unplea-
sant to him, front, the circumstance of his
having. been induce* to make considerable 'al=
terations
_in the plan left, by his Right 110-
nourable Friend ; he meant the statement of
the new duties .necessary to Meet the charges of
the Loan. . The estimated produce of these in-
tended new duties wa's 1;903,0001. The first ar-
ticle was a tax which would fall on nobody.
Gentle Men might:Smile ; but if it was in
other respects unobjectionable, he trusted it would
not be cenSure(Lon that account. It was intended
'to discontinue the bounty on the exportation of
printed gOods. This bounty bad grown 'from a
small charge to a very large one, amounting on
an average of the last three years to 308,0001. ;
circumstance however highly satisfactory, as
shewing the, great increase in the exportation
of those goods. Lie trusted that no evil would
result to the manufacturer front the cessation
of the bounty. -The printed goods in question
were Much cheaper at present -than wilen, the
bounty was originaty zjantett, and therefore
much abler to meet foreign manufaetures in
foreign markets. The bounty was therefore no
lOnger necessary (especially in the present state
of the world with respect to commerce) as'Britisl
_ .

manufactures were not 6:eiuded from the con

tiucnt of Europe on account of their high price
or inferior quality, but their exclusiOlia3"therely
in consequence of political prObibitio, and war-
like measures.-•--When those ceased, the country
might expect to .scr. the British manufact►ires,
without the assistance of any bounty, again
mead into the accustomed Continental channets.

He thought, - therefore, that the abolition of
this bounty, which vas only a halfpenny a yard
on printed goods ,of tie lowest quality,
and three-halfpence .a yard on gOods of the
highest quality, would 'be considered by all par-
ties as wholly unobjectionable. He ireely
chn-
fessed that he was unable to say as much of the'
remaining propositions which he NVas about to
submit to Parliament; but the Committee were
aware, that in his situation, an individual had fre-
quently but a choice of evils ; and that the only
question which he could put to himself Was,
W whe-
ther.. the evil which. he. 'chose as less objec-
tionable than those which he- rejected. The
first article which he proposed' to tax, teas

one to the taxation of which he certainly en-
tertained considerable objections, ilthough it
certainly was one which, upon the whole,
appeared to him the least unfit to bear an addi-
tional impost. it was in article on which no in-

crease of duty lia4 of late years been laid; fie
meant Hides and Skins.' They now paid three
half-pence a pound duty. By doubling that duty
he expected (calculating on, the average produce
of the three last years) that:the sum of 325,000 L
would be produced. The next article was one
_ _

the excise on which he should also rropose
to double. After- the most extensive enquiry,
he had, not found that this increase was likely
to iniure the Manufacturers of the article to

which he.alluded—Glass. It was not prOhable that.
the consumption, would be, itch affected. by such a
tai; and indeed he was -warrranted, froth conduit-

nications which he had had with the inunufactuan,
to say, ilia being protected Iby heavy import du-
ties, from suffering the com!ietition of foreign ma-1
nufa.Cturcrs, they had no' aPprehension of any evil
consequence to themselves. • The prodtice of
this tag, calculatirg as before on the *average
produce of three ye*ni, he would- •estimate pit

328,000/. The next poposition which he
wished to make to the Coiinnittee was to add

rt,cn per cent,. to the existing duties on Tobac-

co; which afforded this criterion;-that it was corn-

petent to bear an additional tax, namely, that the
consuraptionoi it wctut an inereaaing. tie did not'
think that the addition which he prgposed would

,
On the revenue; and Ojai estimating the proddce
on an average,sitnilar to that of the former rirticles,
he. IVonld take it at 107;000/. His next financial
sn2,-4estion would be to introduceeertainregulations
't.,;i',.ectitigs the duty on Goods sold by Auction. It
'et'a s tt,-01 known to the COthntittee that estates, and
otherpioperty of great extent were continually put
up to sate fear the purpose ascertaining their va-
lue ; they were, then bought in ; by which the
auction dnty was Avoided; and afterwards soli by
-private contract. It was his intention to propese
that this property should pay no less ditty when
bought in than when actually sold.; but that the
proprietor slumld .be .entitled to recover- the
amount of the duty in twelve months-, if dur-
ing that period the property should not have
. changed hands. It was also -well -known, that
many articleS, particularly imports, were, ex-
empt from the auction duty. It was a Om-
mon practice to ,mingle in sales 'such privileged
goods with those, Which were not privileged 5 and
thus to defraud the revenue. He proposed that
when any good not' exempt were introduced into
a sale of goods that were exempt, the whole
should be immediately rendered liable to the duty.
The Cornmittee.mast beaWare, froth the nature of
the case, that nothing like an. accurate estimate
could be formed of the produce of these regulations.
On a due consideration, however; of all the cir-r
eumstanees, be did not think he should overstate
it, if he took it at 106,0001. The next article:on
which he,prOposed to raise an additional revenue ,
was one which he should have been pleased to
avoid—it was the postage of Letters. He. should
hcommend an addition of a• penny on all letters
tarried more than 20 miles, f Although he •cer-
tainly felt.. great regret at increasing this, tax,
more especially as, it so extensively affected ton
mercial correspondence, 'yet he really did not
know any expence which, Upon, the -whole was '
paid with less reluctance:. He would estiMate
the produce. of this proposed increase at 220,000/.
All the articles wi:ieh ~he had , hitherto men-
tioned ',had been under the consideration of 'his late
Right Him. Friend as ,fit and fair -objects of tax- -
'Rion.. His Right Hon. Friend had. also enter-
tained the intention' of suggesting a 'tax on Private
Breweries.- This, however, was, his• opinion;
liable to insnrmonntable objections. His Right.
Hon. Frieda, wishing to avoid the Qbnoxionsness
of bringing thOse,..private breweries under the
cognizance and authority of thel4.;%eise, had pre-
ferred'a cOminutation of the duty for every person
of whieli a '
-, consisted..
family The calculation,
_ _

however, :which had been made- for. his . Right
Lion. Friend,. he. .(111t, Vansittart) had since
found to he cgrOgiOsly. erroneous. .The produce,
of the commutation had been -,estimated at

500;0001. ; 'he was ;certain that it „Would not pro-
duce 300,0001. Besides, there were a variety of
objections, to the measure, and upon the whole,,
he thought it better to abandon- it, and to pro-
pose to the Committee in its stead an increase of
the Assessed Taxc. He knew that any addition
to the 'Assessed Taxes was sensibly felt by the
country. But the present rate of those duties had
been so long established, and_ the add;tion which
he meant to propose was so moderate, that he
hoped the public would., not be. alaruied on the
subject. • He intended to except houses and win-
dows, and had 'selected Men-servants; Carriages,
Horses, Dogs, and the Sports of tine Field, as the.
best objects of this increase of duty. The exist-
ing duty on every male servant was 21. 4s. ; he
proposed,to add 4s: niakidg the duty 21. Ss. On
occasional Gardeners he ineant to propOSe a
similar additional duty of 45.. 'Mereantile-Agents;
or , Riders, for Cothmercial Houses, - now paid
11. Ss. he proposed that they should pay 21. On
Stewards and Overseers he proposed an additional
duty of 21. Porters engaged in trade,' and of
other descriptions; now paid 11. 4s. ; be proposed
that they should pay 21, and that the same increase
should take' place with respect to the Drivers of
all Carriages, ekcept.thoSe engaged in husbandry.
Occasional Waiters. in taverns and in private
houses (and he knew considerable difficulty had,
existed in the Minds of.many persons with respect.
to the necessity of, including the last class of iriYli
viduals .in their return's, which ,difficulty would
now be removed) he should propose _to pay a`dury'
of 11. Servants in 'Agriculture now paid ;
now proposed that they shOuld .pay 4.5.4m.)re... Th
.whole amount of the increAed mines. on ma!;e serr:
vants :he calculated at 155,6001. He- would pro-
ceed to the consideration of the duty on Carriages;
a single four-wheeled -carriage now paid:l 11.
he proposed that it should pay 121. Mild so-in pro-
portion for a larger number.' The produce of
this increase lie .:estimated at- 39."01. • Hiirscs

kept for pleasure now paid.a duty of 21. 13s. 4d.;
lie proposed an addition of •four si~illiu s;
making the .(luty 41. 17s. 6d.c lie -was also

bonadto state, that he deemed -it .necessary to
increase the thities on Mines employethin Ifus=
bandry and Trade,- the' forinu by 3s. 6d. the
latter by 10s. -He -estimated this increase. • at`

20,0001. It was his intention to propose in-
crease lathe same proportion in the duty on dogs
except that, in pursuance of a recommendaticm
which he had received, he should impose a higher
duty on Greyhounds than on other dogS.l-41-e,
professed himself unable to say why, except that
it was for reasons best known to sportsmen. Ile
presumed that Greyhounds' were more valuable
dogs, and afforded greater diversion in the field.

—This increase, he Calculated, would produce
31,00 W. The last increase of the Assessed Taxes,
which it was his inter Lion to propose, was an in-
crease of the duty on Certificates to Gamekeepers ;
munely, 4s. for gamekeepers being assesst-d ser-
vants, and los. 6d. for gamekeepers not being as-
sessed servants.—fie thought that this would pro-
duce 21,000/. The amount of these increases in

the assessed taxes, he would therefore calculate at

515,000 t. the whole would stand thus, viz.

Customs—By discontinuing the Bounty on Printed • •
Goods exported, taken on averag. of last 3 years . -,C.'303,000
Excke—Hides and Skins; by doubling the existing. , .
dUties, on an average of the last.three yi•ars....
Glass .. ditto ditto ditto....
Tobacco; one-tenth addition to all the existing
ditties, on a like average ' .
.Auctions,'REl illations, e4iroated to produe,... -
Poit-Oilice—Addition of one penny on all Letters
carried more than 20 miles, estimated to produce. ' 220,000
Assessed Takes—Male Servants T.. 153,000
.Carriaiges - 39,00 ti
norses and Dealers
Dogs
quote Certiticat,s

325,00 -
-023,000

107,000
100,000

He was sure that it !nest e very satisfactorY tb
the House and to the Public, that after the adelatry
had so often seemed to be upon the very hoe ter of
,exhausting its resources, and after no fit subject
of taxation appeared to offer itself, that it was
practicable to provide SO large a von as that, the
details of which be had just completed, With so
little pressure on the people, and particularly on
the lorier elaSa of the-comintutity.—(!tear.)—lT
the attention of the House had not been so C 91214
pietely exhausted, as well as himstelf, it was his
intention to have offered sonic general observations
on the subjects.--(Dear, hear.) He would, hows
every; refrain from trespassing longer upon their
patience, and would conclude by moving his first
resolution.
Mr. liusitissoN said, that with respect to the
taxed proposed by his Right Hon. Friend, it did
not appear to, him that they could have. been bet-
ter selected, in t.he present circumstances of the
country. He compliMented him also on the cans
did, unreserved, and clear manner iii which he
had stated every things, . This wits the third Buds
get since be had first called the attention of the
House to the subject of their financial condition ;
upon which occasion he had inculcated the access
sity retrenchment and economy, and an equa-
lization between the income and the expend tore
of the. country. He had then taken occasion to
state that ,the ordinary Loan, and the ordinary
System of taxation,s was not efficient to the con-
ducting of the war on its present extended basis;
and all our dOmestic purposes, but that some othei
tax more beneficial, should directly be resorted to.
What had been the result since he had made that
statement ?• In the year 1810,-the whole addition
to.the Loan,, for the purpose of *making up the
difference between income and :Expenditure, wai
16,311,0001.—in 1811,, 19,500;0001.—and in the
present year; .27.,870,0001.—1ne1810, the price of
the Three per Cents. was above 70—in 1811; 6'3,—;
and in-the:present year, 56; being a diminutiOn;'
in that space.df time; of not less than 20 'per cent;
To provide for the inceeasechchargei under which
the nation laboured, the. ordinary resources of
taxation were not adapted ; and the mode pursued
in 1810 was one which he could not then; nor did
he since approve of—that of availing ourselves of
the temporary -prosperity of the Consolidated
Mind. In 1811 it might he said; that the new
taxes were not only adequate to the charges of
the year, but that a surplus had arisen from them;
capable of discharging the interest of the whole
Irish Loan. lie took shame to himself when he
stated that it was only two days ago that he called
for accounts to skew the actual produce of these
taxes-. An addition was made of 20 per Cent. to
the taxes on British spirits, -and of 12 and a half
per Cent. on foreign spirits, but hevvas sure that
neither of these would be looked upon as of a per
manent nature. If ever they looked to the testo-
ration of peace, they must see that the contiuus
ance of such duties could only operate to increase
the profits of smugglers) and deprave the morals
of the people. The duty on foreign timber im-
posed in the preceding year, was intended, as a
discouragement to the importation, oat.' certain!y
in that sense it was completely successful, but in
the same proportion it was injurious to the re-
venue, yet the calculation on its pi'oduce was
made without any reference to such a result. In
the present year they returned to the ordinary re-
sources, but the very, expedient they were driven
to before, was in itself a proof of the inadequacy
of such resources ; this was the first time daring
the last six years in Which any thing like a hey,.
taxation was attempted. He now came to 'a hat
he regarded the most important part of the subject,
he meant the depressed state of the public credit,
on account of these demauds, that as he had al-
ready, stated, had faillen 20 per cent. since 1810.;
:a case which', in his opinion, justified him in
maintaining; that this was a time in which they
could not look to such expedients, if they would
support the public creditor—a thing which they
must do: It was satisfactory to find, notwith-
standhs that the depression of the funds was not
produced by any national disaster, the terms' of
the' present Loan were less favourable than had
been,- received since
,1798 : the war taxes then
amounted to 'about four millions, the Sinking
Fund was not at that 'time one-tenth of the loan,
but now; great as the loan was, the Sinking
Fund aiuvunted to one-half. Another great--
defect was; that of raising so large a suns .
by loan, chargeable with so high an interest.—
In addition to those) there were some ex-
traneous 'circumstances which led to the di-
gression; the first he should notice was the aid
which we afforded to the credit of Ireland. In
-the year preceding the Union, Ireland bad, after
all deductions; a disposable income of a million
and a half, but in 1812 the interest on her debt
exceeded her whole disposable revenue ; in fact;
she had no revenue at all. They could not take
the diminution of the produce of her taxes as an
evidence of the diminution of her prosperity; foe.
• all .testimony concurred in, representing her as ,
rising every day in wealth and means. He 'in-.
staased, the taxes on 'Leather and Malt, to shew•
that tliminution had taken place, the one having
fallen off nearly one third, and the other nearly
• one half, reckoning from fiVe years before the
.Uaion to the present period. It became them,
therefore, he contended, to look to the whole
system and management of that country. He did.
not wish' to charge a large body with corruption,
but theee seemed to be something like connivance
at the evasion-of 'those taxes which were neces-
sary to support 'our expences. He complimented
Mr. W. Pole in warm terms for the exertions be
tad made to improve this state of things ; but de-
nied that it was in the power of any one indivi-
dual to do all that was necessary. It was full time
to See whether it was not possible to adopt some
effective system of taxation in that part, of ih4.
United Kingdom, called Ireland, Which at this
Moment presented ,an instance unparalleled in the
history of taxation. In that country there was not
o'iie direct tax. He was sure that the Loan fcr
this year could have been 'contracted for five per-
cent. better, if we had• not lent our credit to ire-
land. But a regulation of the nature he had 'suet-
nested could not be in the most remote des,ree
sufficient. He must also immediately proceed to
a revision of our .establishments, colonial and do-
mestic. Still, after every thing was done to elfecl
a diminution of our exnences.