The Sun.
London, England, 1819-06-29 00:00:00

WAYS AND MEANS.

The House having.reiolied 'into a Committee
of'Wfiys cind *Means,
,
c.
••The.CHANceLto of the EXCHFCLUER observe:l,
that in' his :general' propOsbion
of the 136,.10.t he liad.:endeervotired to give a full
'explanation bf the state of our finances. and of the
means provided for the sUpply of the exig-enc.ies
of the year. He did not, therefore, mean upon
1 this occasion, to enter into that subject at any
length, but Merely to tnhmit a particular propo.
sition with regard to the issue of Exchequer Bills
for England and of Treaiiir'y'Bills for Ireland. It
would be recollected that our unfunded debt at
the commencement of this year was equal to
forty-nine millions, consistin,g of 441 millions of
Exchequer Bills for England, and 41 millions of
Treasuryßills.for Ireland. By the measures al-
ready adopted this unfunded debt would be re-
duced at the close of this year to the extent of
101 million. So-the difference outstanding would
be 38-1• million, and of this sum it was prbpos-
ed to leave 20' millions still afloat. But he
Lad to propose that 161 millions of Exchequer
Bills should. be issned for the service of England
for the present year, and two millions of Trea-
•Sory Bills for the service of Ireland. Ile hail
also. to propose, that a sum of 244,5921.
re-
,ntaining in the 'Exchequer as the surplus which
appeared- in the papers 'before the House, of-
the grants for 1818, should be voted for the
sbpply: of the present year. In the corium,-
itieation. which be hal, on a former occasion,
thade.to the House, with respect to the state
of our revenue, lie mentioned that the pro.
duce for the—qoarter, ending in April last,
exceeded the• corresponding quarter of the hat
year, by tihout 250,0001„ but at the time he made
that stat'erneot the revenue 'of the ctorent goat.-
ter 611'61116i off by about 100,0001. He had,
now, howeser, the satisfaction of informing the
-Hoitt.e; that the present quarter would be (aunt!
to exceed the core esponding quarter of the last.
sear by orr less than 300,0001. and in this sum
the duty upon tea and other ariieles was lint
The Advance had not, indeed, been
upon any ortide which was to be subjected to
new 'duties,,anq this be thought it necessary to
notice, because it might be stipposell thati,per,
sons would be forward to pay up the taxes
upOn any at ticks qun which pm tintis were

aunts' to be ;I:.poseti, in Coe dewtr, esc‘ape rr(l4l.
those new duties. To such a progressive 'till'
p-rovernent of our rerenue the Right FloitoLir:
able Gentleman said that be telt it his (I.IIY "
direct the attention of the House, and Ile r°3;
chided with moving the grant of siveen
and a half of Exchequer Bills for the service °

England.
Mr. 3. SMITH asked what amount of Exch,tl"l
Bills was likely to he in the hands of the 0‘.1:16
at the close of the year, exclusive of the 0"
which might remain in the market ?
The CHANCELLOR 'Of the EXCHEQUER Ter!d
about 22 millions ; but, alter some oh,ervill"'"
from Sir H. Parnell, the Right llon. Gentle's,a
said, that he forgot to deduct three millions dePfill
sited in the Exchvquer, which would leavel4
amount of Exchequer Bills in•the bands of IP
Bank at 19 millions.
Sir H. PARNELL remarked upon the rate of e
it
change between England and Ireland at presell.fil
which was decidedly against the latter, and
n view to reduce that rate, he suggested the OP'
diency of issuing English Exchequer Bills in
land, which might be thus exported to this Cuult
try in lien of bills of exchange.
The Wnot
CHANCELLOft of the EXCHEQUER CO
'. --0
see the advantage of issuing Exchequer lit(
Dublin, (Or ito.vt( that issoe would have the (P,Cf‘ig
stated by the Hon. Baronet, but he „thould
his duty to consider the subject, as he would IA
happy to facilitate any. arrengemeut that 'lllL'op
_serve to improve OA state ofexchanv bet"
the two countries.
Air. Alderman Wows stated, that he beats%
received several letters from Ireland, comrial9il;.
of the effects of the Exchange, and e,xprwed.li'j
regret that the Bill was not adopted, which he ":
felt it his ditty to submit to the House for enel:
raging the transport of English capital to Irekrlti"
as that measure. was naturally. calculated.to,tlo.'
ni,sh the eyil complained of.
Mr. V. FITZGHEALP said, that he was IlOt (lire
posed to expect so mach from the adoption ofij's
Bill alluded by the Worihy Alderman ;. but 11
thought that to great drain upon Ittlan4 c!c'!
casioned by the operatiou.of the law for allowillq
the transfer of. English Stock to that coontiti
for the export of 41. millions of Irish cap4al
pay foe that Stock, adOed to the sums drawo„,th
absentees, must naturally serve to affect the o%;
change. The Eftgbange was therefore at presOni
considerably against Ireland, no less, ioles,`.
than 15' per cent.; and, independently of thel:e
dividual. interests of those who were undefi"v
necessity of viiiting„tltiscountry, bow,lnost fat.
a circumstance affect the commercial body in till!'
country.
newtC

to HANCELLOR of the ExcnsanEs e%f di:
his readiness to attend to .atiy, suggesx ion recols
mended by his Right HonourableFrieud, but
lutist say that he thought the state of theifio
change at present was more owing to the fo'fot
the English Funds than to any ot,her,cato.e,•
that.fall, especially con pared to the_rate_ot.lrl;o
Stock, naturally induced' the Irish capitsbit
transfer his capital •to this country with a vies"'
~tif
buy into,, the..Brit,ish Food's.. This transfer 7,st.'
indeed always likely:tat4e.place, when there '4.r,
a loan in this country. But as to the Excl.tio';':
it was usually high in the Spring, wbilt it lc

_
towards to close of the year.
Mr. V. FITiGF RAID thOught that the.coB,l4
which had taken pla& e with regard to the,Sio".
Fund had materially affected the Excliabge•
to
Mr. 'lltc.kano observed, that as accordirg
Union, a common measure o sure wolo be' establi'Y:4
for bo:h countries in February next, the Exci!49l;:
was then likely to be at par„ or very nettri)ri'so
fle ilkought that the utmost facilities sliot4(':, or'
afforded for the mutual transfer of Stock bet"'oitl,
England anal Ireland, so that each conntrys"-.01
have an.equal advantage according to the state'
the money market.
Mr. CALLAGuItN said, that' if the preset)t r
of exchange were steadily to continue, lie
not be among those who woold lament it's, Ai
must serve as a tax upon absentees,. and,
bounty upon exportation. rtd
After a few more observations from Megg',.
Ricardo and, Callaghan,. the—Resolutions ''o,o
agreed to, the House resuroed,,aud the Report
ordeted to be received to-morrow. •

SLAVE REGIsTRY. ,tuf
Mr. Goinitt: au moved the comtnittal
Sloe. Registry 13111, and after some objeclOol
frout Mr. Bernal and Mr. W. Smith, on then r`'Nuir.•
of the .necessity. of, retsenchment, and fro"' )",01,
Waherf!.irce. support it, as- the only ktfet'io.
measure to prevent the illicit importation of SbAv
it went through kCommittee.
The Report was receivetl, and ordered •
further considered on Wednesday next.

1-11.,
On the motion for the further considerati°°'
tlt,e Report on the.Stil,l Fines (Ireland).lidit oil
?Jr. HuTcettis;soN pressed the postponement „f,4
the measure,. ou the ground at the lateno9l,o4
the hour. He had, sat in that House since o•
entered it that day, nearly 12 hours ;' wo5:011
of the Members against whom the repraacnoV
absence could not lie. It was strange that 111..At'
business was dins retarded till the very.entlijcf
the Session. Fifty-four Orders, with a nun/ogif'
of Notices, stood for that day; was that a Pr,11:010
mode of legislating ? called, upon the ca
cellor of the Exchequer, not as a point of 61/910 01
but in iustice., to postpone the discossiou 1211-
rasonable boor.
to
• The CHANCELLOR of the Exchequer agreed
post pone it till to-morroa;. 1,0111
Ater a few words from Colonel Barry,
Mount Chatles, and
_General Hart, who Pres-01
the necessity of at• length coming to a decision's,'
a. point in which the happiness of. I,: eland %.v4sie
involved, the question was postponed uoo` •
morrow. f
A new writ was moved for the liorow'JP. 0 ft.c
verton, in the room of the Right I,l,ihttkirAPr ot. ,
Ryder, wilt: had accepted the Office of Stc'
the Chiltern Hundreds.
The other Orders of the Day Were then
'l6cl
posed of, and the House adjohrned.at Two 01id
this Morning.
---. • •
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