The Sun.
London, England, 1833-08-20 00:00:00

WAYS AND MEANS.

On the motion of Lord Aurrsoar the House resolved
into a Committee, and the SPEAKKA having left the Chair,
Lord ALTHORP rose to make a statc:ment to the
House, but was unfortunately almost wholly inaudible in
the gallery throughout his remarks. Under these circum-
stances we are prevented from giving many details ; but,
as far as we could glean from the Noble Lord's remarks,
we understood him, in allusion to the supplies which had
been already granted. to say that there had been granted
out of the Consolidated Fund for the army estimates
6,000.000/., the navy 4,000,000/. odd, the ordinance
1,462,0001., the miscellaneous 1,845,000/. These, with
other items, amounted together to 14,620,4871., which
with the turn required for the interest on Exchequer
bills, amounting to 615,000/., made 15,235,4871. After
stating some details the Noble Lord said it was proposed
to get a grant from the Consolidated Fund of 6,000,0001.
more, making altogether 18,200,000/. This of course
did not quite provide for all the supplies voted. There
would be drawn from the Consolidated Fund 12,000,0001.
The surplus of last year had exceeded 14,000,000/.
Therefore there would be no difficulty in drawing this
amount. The Noble Lord concluded by moving that
a sum of 6,000,000/. be granted out of the Consolidated
Fund to provide for the supplies to be granted to his
Majesty.

Mr. HERRIES was aware that there was a surplus on
the Consolidated Fund last year; but, according to the
view which he had taken of the matter, the grant of the
Consolidated Fund bad exceeded the amount of the fund
actually placed; and the grant had not been fully satisfied
until some time subsequent (as we understood) to the
close of the financial year; and he apprehended that the
grant of last year had not been satisfied. He wished for
information on this point, because it was important to
know at what period the Consolidated Fund was pledged
to these grants.

Mr. ITITME wished to know how the Noble Lord pro-
posed to meet the loan of 1,000,0001. to the West
Indians, and the 800,0001. Greek loan. He supposed
John Bull, in the end, would have to pay for all. It
would be better to raise thia last sum at once by the Go-
vernment, by which a loss of 25 per cent. would be
avoided. How was the 100,0001. to Ireland last year to
be met? The Noble Lord could not apply the Exchequer
bills to any of these objects without a vote of Parliament.
Lord ALTHORP said the Exchequer bills did not form
part of the Supply at all.
Mr. HERRIES asked in what way the unfunded debt
of this year would stand, as compared with that of last
year ?

- Lord ALTHORP could only answer in so far as the
state of the finances of the country was now known.
The Noble Lord then stated the income and expenditure
of the year, the former being, after deducting 400,0001.
for house duty repealed, 44,920,4871. This, as compared
with the expenditure, would leave only a surplus of
117,7001. This, lie admitted, would, in ordinary times,
be too small a surplus ; but when he considered the present
state of the country he felt quite confident that there was
no danger of a deficiency. The surplus on the 9th July
last was 151,617/. Here the Noble Lord entered into a
short comparative statement of the financial situation of
the country this year and last, from which it appeared that
there was a balance of 217,0001. in favour of the present
year. It was upon this ground he concluded that the
income would be fully equal to the expenditure. The
Right Hon. Gentleman (Mr. Herries) put a question to
him as to the unfunded debt, and the addition made to
it. lie could not at present give a distinct answer, not
having the papers by him, but would be prepared to do so
at any other time.

Mr. ROBINSON said the impression on his mind with
respect to the Greek Loan was, that France, Russia, and
England were answerable each of them for a certain por-
tain of it, that of England being 800,0001. This country
was not called upon for immediate payment of this
800,000/. It was to be raised by loan, and the revenues
of Greece were answerable for payment of the interest.
As this country was interested in having the interest paid,
they ought to see that the revenues were appropriated for
that purpose.

Mr. HUMS said this country would be bound to pay,
if the tevenues of Greece were not adequate to it. What
payment could be expected from Greece, when they were
not able to pay their own establishments there? It would
be found, before a vc:ar, that the whole of this money was
completely thrmn away, in forcing a monarchy upon
Greece.

Lord kLTHORP had well grounded hopes that the
revenues of Greece would be amply sufficient to meet this
th.nand.

HERRIES said there was no occasion to proceed
further with this subject now, as his Noble Friend, the
Foreign Secretary, was to lay upon the table all the papers
connected with it.

Mr. WARBURTON said that front 251. to 261. capital
was actually raised upon every 51. advanced for this loan.
The resolution was agreed to. Report to.morrow.