The Sun.
London, England, 1812-07-04 00:00:00

EAST I.I•7IMA,L6AN:

WAT.,Lkelt rose to move the-Order cif the
D-ay for the House gOing into a Committee oil
the East India Loan Bill. Lie was sorry that he
toidd tibt brinci- forward an Indian ,Budget, from
the impracticability of getting the accounts made
out sufficiently early .to bring them -forward in
the course of the present Session. He 'would,:
however; give a short and‘very genel'al statement
of the 44:Fairs of the Company
The llevenue• fur I SIO, was 'estimated prospec-
tively, at - • ••• -
The actual amount was- •
Making an excel; of • • •
Having explained the causes 'of .this excess, he
- stated the-charge on the same to have been
estimated at
The actual amount had• been -
Making an ekr•ss of7'he tat
reveni:c of the three Presidencies 'bad'
been estimated at
The actual amount had been
Makink an excess of ,
The surplus revenue applicable to the interest
of the debt was
The estimate of the to pay the 11:0
terestof the debt bkd been taken at
It had amounted to 209600
Making 'an excess of ' 146,00
The Alon. Genttemaii proceeded to state and to expiaidi
vat-ions parts of the revenue and 'expenditure of the Company',
through Which,- from the noise which prevailed in the
we could not pretend to follow him.
The debt of the Company amounted in March,
1511,t01u
1812, to 13,885,78g
Making an ;!,crease of 15.,6,00
Having givsn the estimates and actual -amount
of. the 4Agets, and goods in warehc,use, be
stated the Estimated Iteo-ipts for 1812 to have
been

16,105,594
/6,679,198
573,604

13,376,104 ,
1,009,953
33,631

2,229,94.
2,769,',N0
549,70

539,000

5,045,600
5,431,420
485,8522

Tipair amount was
Making au excess of ,
The estimated Balance' of Cash for March JBl2,
was e 3,551,672
. The actual Balance had amounted to 995,574
Leaving a deficiency of 4,556,7ft
" The above Statement would sheer thenecessity'
the Company had been under of.coming to Parlia
ment. He proceeded' to explain the situation of
the Company with respect to their 'Bond Debts,-
and concluded a • series of statements of some
length, by observing that those, though not
vourable, nor yet very unfavourable, to the con-
, cerns' of the Company, were perhaps less unfa-
vourable than Gentlemen might have been led to
expect. The revenue yielded to-the country, had, •
in the last year, amounted, to -109,0001. ; in the-
present year it was estimated at 250,0 M. ne
would* not -talk of the prosperity of the li,ast-India
Company, till a different balance between their
ependiture and their income could be shown
than presented itself at present. He looked for
an improvement from a reduction of their ex-
pellees ; and; under an impression that that might
reasonably be expected, he. trusted 'the Howe
would agree to the Resolution.
.The first ob;ect of
the Bill would be to carry into acct the .itiesolu-
tion of the House ; but the most material part t
it would be to guard the Country against any
loss, bymaking an effectual provision for Securing
tlic Ra.yment, both of the principal and interest of
the Loan.--With this view, it was proposed that
a portion of it should be paid off be: ore the iePro- .
prietors of Bank Stock made any dividend what-
ever. The sinking fund for the liquidation of
the debt was on a plan similar to that .of the sink
ing fund for the payment of the national debt,
with this difirenee, thatit was larger in propor-:-
tion, and would, it was
_calculated, liquidate the
whole in twenty years. sTLe situation of the
Company, he trusted, would be such as to enable
them to extinguish a considerable portion of it
in a short time, and the whole of it in a much
shorter time than the Hon. Qentleman opposite
might anticipate.
Mr. citr.,EYE,Y had no. fault to find with the
fairness of the, accounts which the Right Hon.
Gentleman had Wci before •the House. He,
however, entered into a variety of details of the
financial state pf the Company ; alter which, 7the
House then dividedon the motion for the f.speaker
leaving the Chair—,

Ayes .
Noes .

Majority for it

-29

The House then went, into a Committee on tb
Bill.
On the clause for seeming the repayment of
the Loan by a charge on the Consolidated Fund'
Lord A. HAMILTON, HOWORTII, and Mr.
WHITBAEAD, objected to this mode of securing
the repayment as burthensome to the country.
Lord CASTLEREAGH, the CHANCELLOR of tile
EXCHERUER, and Mr. WALLACE, contended t 44
'the necessity for advancing
.the money as aP7
,parent, and that the security of the Company wA,f
heyoAd doubt, so that any apprehension of failurF
in repayment was unfounded.
After some further-. observations 'from Mr'
Brougharn, Mr. Whitbread, the Chancellor of the
Exchequer, and Lord Castlereagh, &c. the Corn'
mittee divided on the clause.

Ayes •
Noes

Majority...

-15

The Bill then went through the Committee.
IRISH TITHES.
_ _

Mr. M. FITZGERALD moved the second reading
of the Irish Tithes Regulation Bill. The 17109-,
Gentleman entered into an elaborate statement
the distresses 'of the peasantry of Ireland, in re-
spect to the. tithe on potatoes. This Bill he pro-
posed as a means "of relief frOm the' oppression (J,
the present system.'•
Mr. M. SUWON and Lord CASTLEREAGH 1135,(1
some observations upon the Bill. The Noble
Lord suggeSted, to the Hon. Gentleman the
pediency of postponing the consideration to some
future day, the House being then very thin of
Members,. itle named Tuesday. The debate i 5
accordingly adjourned to that day.
The other Orders of the Day were disposed
and the House adjourned at half-past eicre.3
o'clock, till Monday.

PRICE OF STOC.

:KS YESTERDAY.
Inlin Bonds, 6s. 7s. (Ks. ,: .•
Old S. S. nAnn: 55 - -
Excl-wq. Bills, iJja. per 4.04*
—t.tc. 311].';C Is. Ss. pr.
I •
bi 0, 36 1. .r ea;
•Onuoiurn, 04 14 1 pr.
eons. for Opv4iug, 570

Bank Stock, 314 -
Navy 6-per Cent. shut
4 per Cent. 714 p:.
3 per Cent-Red. 55:56 551
Spec t!ent. Con 4. shut
Bank L.Ann. 14 11-16
India Stock,