The Sun.
London, England, 1819-02-09 00:00:00

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Intfiliiiiieitte:of triotthe.itc-.C,p,initr,etrilit.a.,:ll:enTl.l,li,ri°„lgn6foill;lheta*P;lll'e°.ll.l:llti:
CotrunitYtt:e of Finance, though it was
that twbich had so repeatedly been done within
1"` "st few ears he was far from `considering
l'ist which beYwas 'about to submit to the House
se a •
I, matter of course. He felt that-he owed to.
,the sonie explanation of the measure, ate' some
114 es of those arrangements w Welt MinisterS would
cannot
to submit to Parliament in the course of the
Session. The Government would be much
Ifiahlted it they
.were not to consult economy, net!
tlie House must necessarily feel anxious to know.
t:tare of the stimates which had been fret-heti
ett•ti.he E current year, f had.said that he dill not,
it a matter of course that the U.on-e should
thr.,t4t in every Session a Finance Committee.
itieslee thought would .be a great- abuse of those
rtrill'aitnrial powers which, under !particular cir-
• ' tirl,l4"ets, the Ilimse was, called upon to exer-
los' Softie few years since it hecain7 necessary
stl:1111)4int a Comtne tee, in order to ascertain the
to urn
b;cle°f the Income of the Country, with a view
teretitte th.e Expewliture applicable to a stater
v Pert". ()It movine for that Committee he Itio
ettered t •e
time r . 0 throw out an expression which at the
114,is a.tnet starthel the Member fOr-1.3'.(1._
(tie . ,-....,
- - rti'•-r. lie
, dni that he was 1;ot saugoine.en""g" to '"'
t assn eil ,
.
tl!eyri-ia fihdt the House mould see the object which.
"scup , ;I: i" Yiew when appirinting„the e,ommittet,
tit, 4•11'-'she(1.in chat Session, but
that,. as at the
1,1 e `n- the American 'l.rar, it Might be eliPect•ed
e,,unict'"Py tikin two or [bite years before theyi
c,,,,l`tyterrdin the exlct si:urijon,in wiltch..t le
'14111,"1"004.1. Itriiti these vieWs lie had,,,.01.!41-.
t i*Ct-,) n:loveci for ;lie eppoitittnent of. 1.193"."
n: tl'otee . the .. ~' h' j eorreseonded with
r t%iecia,t.all9 u evert la( e,
11.,,pujiltn ions. lie shotl.l4l now
(iittioievelif:::srtethaetill'ea;
113 re itut of the Commit lye, ''''? • , ,
of the
%tit 44ts Woeld prove this; the 531 ~,t,ll .c. D
4
't(l ' ilit:lt' . •' •I
. its exnen
.I,llce::,„lY.lilnoved from year to, year, a.nctilittlitiantisitt)s..
1;, te„rill
..dsingie. nt e . 'lit.'" I-' ~,..
~.,i)i.
'
1 f consirLrable 113 ,
I,loe ;t..tv e a surp4ls. ,i ',-.„ „ Nmional,'
tutlitt()•ial'PlY to the reduction t• 1 ••,- _
;r44e ,'-`:he House need not fear the,t, he:wOlual,'.l
to' l• 1 'nem at any great length. ‘I• hat be,f._ i
lo4' VI'()t11(1 lie in -,'-..„;. • r 'ow co:npass. •
-1. he,
\ ti,,, .
y narrow tilt - eetiltl wish to ' • -
\a..l,t . . • retnaik on thltieaufi
tri.taynjetethe}
f
at its (Arlan. He should
to . _
i,tele
till
~frttis,ee
filelkilnec,eutvieaJiiiiiigAt'iee accounts - up to
11
J 4
le 4
ilSt , , , iii ;
Ilif'et()l.Y DOW CO compre the
I y ,,, bm it might
of
accounts
nt pOitiL i be
111441. an(t °I the precediog year ti.o t(_)otthe
't)ke 1 I .o,er. The first importa
_,his
i t In .
'4;II Iti,. '''tb the income of
7Ye sr e'er ), Jan. 5, the country. '1
.4,1,66417i:4e
of it
ii,
ear
emlisinigy,
jwaia1:55,41,086138,,00w0a/s.
11t'.,2 al
'-`‘)°i• Heree was then an increase in the-
2,:9es':o„.,:,ear over the last, amounting to
'I however allow
Lint I "ut. lire House Avott". _ i which
l'itilneciu isit'lte, that in. the 51
1-18 ..'e i' the year elldlOg Jan. 0,
,66a,.9J01.,
„•,,. . tht Income of .
tabu„
r°e cods ioct „dee the aunt of 2,313,000/.
,„ ;si
•••,es ...
tti, , egle ,o„ , arrears of property
to /twr ' 'runt the 54,063 ,0001. tthe;iX i
necnodn 1
ew
oa war
,0001. was
Coot"e,ht
4 "I'ling Jan. 5, 1819, bet 565
war tuxes.
tOhletrae
1,, NI& (led for arrears .of
qs, .4
Atile.2nio tit? this year with the
ts,hi())ri.eece,,rtiviiegniue ,
of
uratir'.°°l. ?e'reas'e . be allowed was, a most
• s tO be 114'jit't)111.jog illeNalisSelf must there ivtasa ope,,c_irrctitstmen.
'lto a be considtted, which v
.Vt 'to,'
„eif9e st.,:'t, and which •woold render. this. iithie-
4,'sr ri-n. gr are . namely, the excess in
fe;;, utitx - et-- -1—
ioned in the last Re-
-1 ,et cis -, welch, as trient
1•1:em
~e Vitiance Couireittee.29tight- to. biesitb:
114" a iotr-'ll the amotautot the revenue It
f ISlS,ti,al.
Xtes( " to-thet of, fBl9. ' Ti'e ati4"lll of that
:
So that in tilt wary
out 6 . • '
,It'itlelit'te4lBtt::::lslt 41) he reGy°e:,r,',°, iin 1 ct._ 18 was 48,624,000 i.
'1)111, 'dt A,I. i,19
was 54.063,0001., being a tir-
t,,t't 4 6311,)1f,14,,'' at sertnahclit rev enile of nut less
t-ttit sj-uoiooi , (1,1. an increase of about 101 tiseher
r‘her.su." the atik.eort or tbever.ttatient taxes t .
lie*, ItY4 There, could not be a more.eocnottragieg
try then
ss4q.., the financial state of "tie to" t
trittsif‘ ''''kd ;,), these facts. Anti n hat was min
4114:ing WilS, that on examining all the variouslit
ivo..,.`s on vitiich this revenue das collect et ,
. tut' h
here. t -e• foetid that the increase in the total
t
111 el, WaB hiOt (TeaSiOned .by•BuY "'dile° start 4
St;;;e °lle article, or 4)11 a. few articles, but was
4ti -''Yll'erease, extemii..g through tiSe whole
Iler t'f', se vatioui articles (excepting only. two 01:1.-f
1405;1:,.;,1ead of Excise), and indicating a state
ol..) -- Y uot occasioned by any sudden or tem.:
144,47 ed"se. For instance, if the articles -or
-.or_
14113 and tiles were taken,—and those mtgut
Ile:if beconsidered as showing the state of the in-
-1.44 t•Y and activity to one of the most important
fri Plebes of domestic employment,—it would be
ilit: Nitthat there was an increase in the r.e,ve-
Th oh them to the extent of nearly one hall k: ')se who sat on. the Finance Committee last
Itil-1•'''°111(1 agree with him in the comparison
l'elicil he non-matle, amid in the mode in which
.(4,2t4411 it.; for it was the same in which that
to.`milittee itse!filad proceeded. Thet mode was
pi ate tbegross income, subtractirig the Sinking
‘ tvittoldi and
expences of managcm eig, front the
1 qtr 1-.-'e revenue. In the lasi deliberations of that
start e, taking the best view which circum-
; trances permitted of the financial state of the
tfltintrY, they stated in tht it report that the in-
-1 . hl)trte this year would amount to 52,500,00-01. and
ihge expenditure to 51,087,0001. leaving a surplus
r•slcarne --c
VI- 4432,000.1. It tiorefore appeared trout
~,t_e. ttatetnents-which he had now made, that in
,bv°lnt of fact this estimate of the Committee, fa-
-1,40p as it was, turned Out to be about
..
u.e1e0,1401. short of the actual surplus income
eat !he year. The amount "ot the expetteNure, as
!151,08 tell by the Finance Committee, was
,087,0001.; whereas, by' the estimates which
aloe! 7,0001:; be Lel !refute the House, it would appear
._:,,40 t.,.,the expenditure must he taken at 'only
ttt',ll2',oool. being about 645,0001. less than ki'tt3
41d(11111,4teO by the Committee. If to this there was
kt„,_et' the sum 0t,600,0001. which would be the
to-Iri"t,ot of certain economical reductions now, in
pe„6•lllPLli"n. there was a prospect that the ex
-
the c'ttire
,would 'be less than was calculated by.
0 thisinibttlee, to .the extent of 2,145,0001. It
ptua,i. 'vas added the amount allowed hy the
pi„,
ocie,C,(lllnnit tee, it would make the whole stir-
tl,
1.001. applicable
,to ti, reduction of
tleitt:;:"lie 'l''l. (Ilear, hel,F, Bear !)—()ltt of
, , ,
przl
itite. an, t.),G um of interest (It. 11,C. iOctit as to be
g tor. Thiy f . . ~.s ,e , ti
, , 0 couise, L.,,-,. L.:-; ;d..e11 as
\tt.-

. .
•
a ctrar.:e. 'it on i!, for it neea not nail, be stated
by him that his Right -Holt. Friend had no in-
tention of proposing any additional rates, The
interest Ou the loan amounted to 1,000,0001.
which still left 2,500,0001. of a surplus revenue.
But it vas to be taken into consideration, that
the revenue promised to be more productive than
had beet) calculated on. . Even in the one Month
of the year which had already elapsed, there was
an increase. compared with that which preceded
it, of 300,000L0r 350,0001. If, as might be ex-
pected, this increase would continue, it would
not be too much to reckon it at 1,000,0001. on
the whole year, which would bring' the surplus
revenue again to three millions and a half, appli-
cable to the reduction of debt. And he trusted
that the Mouse would see that if this turned out
to be the case, the great subject for 'which the
Finance Committee had been appointed would be
brought to bear. At the same time, God forbid
that he should be supposed to say that the coun-
try ought to be satisfied with this, svithOut look-
ing to any thing further. But this much' at least
,showed that there was such a degree of solidity
in the national resources, as opened the brightest
prospects on the conntry, and must lead us
to look forward to being 'ultimately able to
mitigate the pressure of taxation, and relieve
the country from some of those burdens which
bore most heavily upon the people. It Wright
be expected that he should nosy state, the view
which his Majesty's Ministers took of the
311111 s required for the services of the present year.
In this he would haVe to notice very.cousiderable
reductions in various beanches of the forces Of
the country.. Perhaps he might be told that Mimi)
of these bad been made in consequence of the
advice of the Right Honourable Gentleman op-
posite, As to this, he would only say for him-
self, that he would never quarrel with that Righ.t
Honourable Gentleman's advice, and that he was
determined most.religiously to profit by good ad-
vice froth any quarter, and by all that be could
collect front" the Right Hon. Gentleman. The
total amount of the array eStimates for this
year, as stated by the Finance Committee, was
8,967,0001. This start did not include an increase
of 300.0001. which it was reckoned would be
caused by the return of the troops from France,
although it was calculated that a reduction would
be made to the amount of the troops so returned.
But be was happy to
,state that the Prince Re-
gent's Ministers had made the estimates only
8,700,0001. irieht.ive of the 300,0001. Making a
difference of 567,0001. less than those estimates
,were taken by the Finance Committee. In the
Navy there would be a reduction to the-amount
of 100,0001., and in the Ordnance of 100,0001.
This made a total on the three classes of
about 730,0001. There was an expence con-
nected wigh the return of troops from abroad
(not a permanent expellee like the 300,0001:
which he had -already mentioned, and which was
occasioned by pensions, and all that was included
under the head of Chelsea Allowances), but was
occasioned by making up the pay for the broken
p' rind. This expellee was occasioned by a cir-
cumstance of its being impossible to reduce those
regiments nearest home. The expence occasioned
by making op this broken period might be taken
at about '230,0001 for the Army, and 100,0001.
for the Navy and Transport Service. But this
was to be considered as only a temporary expence,
and would not alter the comparison between
the estimates and those of last year, as in the
ratter there was a suns of 700,0001. for ra-
tions temporary purposes, such as the 400,0001.
to Spain for the Slave Trade. :The reductions this
year in the army, which had been iu France,
amounted to 20,126 tank and file ; in the colo-
nies, 9.40:3; in the artillery, 2.1035, making a
total (including officers) of 35,268 men. .After
all this, it was'only necessary for him to mention
one simple facr which he thought would tend
greatly to the satisfaction of the House. There
was a Very general idea last year that the exports
of the country were not equal to the imports, and
a _great deal had been said about the ports of the
Continent being shut against 'us. In answer' to
all' these statements, he now begged leave to read
an account of the real state of the commerce of
the country—of the exports for the four last years.
The result would be to show that this year ex-
ceeded even the year 1815, though that had Wen
considered as a 'year in which the amount so
greatly exceeded any previous one (by not less
than 10,000,0001 ), that it was esteemed an over-
growth proceeding from unnatural and temporary
eauses,,which could never be expected to occur
again. In the statemeat which he would now
read, he would take the three qtiarters of each
year front January till October. In the year
1815 the amount of exports was 35,231,0001.—
an amount greater by nearly 10,000,0001. than
any preceding year.

1-8 t G
1817
181-8
The last year ~being nearly 100,0001. more than
the excessive year 1815.—(Hear, hear !)---41e
trusted that what he now stated would dispel
gloom. 'He did not wish that it should diminish
exertion ; but he certainly thought that it would
show how little weight was due to the assertions
of those who thought that the country ought- to
recede from its duties, and from that high station
which it so justly hdd in the politics of Europe.
Having made !hese statements, he would wish to
send them to a Committee who might consider
them, and report upon them to the House. The
effect produced by appointing sueli a Committee
would, he thought, be to give additional confi-
dence to the country. And he thought that it
was the. more necessary to appoint it, that it
might have an opportunity of winding up those
labours which had been hitherto so SUCCeBO(III3,
and so beneficially prosecuted. It did not at all
enter into his mind that it would be necessary to
recur tor the future to the annual apphintment of
such a Cominittee, in order to. enable Members
to have an'accurate view of thelinancial state of
the country. He thought the Report which
night now be 'expeeted front this Committee

would complete the 'series of titre already before
the House, and that it would be departing from
the great system. on which the House had hither-
aCt ed, if they did nut, as nearly as was possi-
ble, select the same Members who had sat in the
ilia' to compose that now intended.

Thire iveie Onry two Nrcitiberit of the last Coin-
ni
ttee Who hail not now seats in the House,
namely.„ Sir '1; Acland and Mr. Robert Smith.
He would therefore propose to supply toe place
of. the tOrmer by Sir George Hill, and of the lat-
ter by Mr. John Smyth, of Cautbridge. The-
Noble Lord concluded by moving, - . .

" That a Select Conimittee be appointed to inquire into
the
.situation of the Income and Expenditure of the Coun-
try, and'als? to cons'ide'r of, the Expenditure of the COuntry
to the year ending sth January, 160, so far as the same
could be made up, and alio to inquire and report as to what
reductions might be made in the Expenditure."

Tranarea-- sad, that he was sure no man
Who knew that the notice which stood for this
evening was -for 'thelappointthent of a Committee
now proposed fOr the third year, could have ex-
pected that the motion was to he. prefaced by
such a speech as that which the Noble Lord had.
just concluded, or was to lead. to a financial diS;
cussion. For his own part, be•must Confess that
he was taken quite by surprise. But at the same
time, after what had falteu from the Noble Lord,
he could not but trouble the House with a few
remarks. The House was now called open) to
appoint a Finance Committee, as ittappeared, for
the last, time. Noe/ if they were to appoint
Finance Cominittees merely to receive the Budgets
of the Niible Lord, with wha ever names the list
of such a ,Committee might be garnished, se-
riously speaking, they
.were of no sort of bea
nefit to the country. language was
always the same. They al,a'ays filled their
reports with expressions of satisfaction at the
measures adopted by Government, and great
satisfaction at the measures intended. The ori-
ginal purpOse of such Committees, and that which
therhad formerly executed,was to .point out what.
reductions might be made in the various branches
of the expenditure. But that had been long
Since departed from; The only purpose for which
they were now appointed was to hold up gaudy
estimates of the public revenue and resources, for
the purpose of keeping up the spirits of the people.
They were presented with budgets by anticipation;
at least, that had been the usualeonrse with them.
But even that could not be doue this time, for
that anticipation had been anticipated by the
Noble Lord thiS night.—The Noble Lord bad
very plainly told the House that . his purpose in
appointing the Committee was, that the House
might have the statements in his speech, in black
and ‘vbite,.in the Report of the Committee, which
would be ready in a few months. • In short, it was
a mere delusion to suppose that the Committee
would produce any of those benefits which might
might be expected from a minute inquiry into the
fioanceS'of the country. They' .would enter into
no detailed examination. But' the Noble Lord
on this occasion entered into statements of the
flourishing condition of oer commerce-, showing
the present year to be the most prosperous that
the country had ever seen. Into these statements
he would not follow the Noble Lord, for he was
not armed with those accounts and documents•of
which the Noble Lord had So•largely:availed
him-
self. This Audi however be must say, that if
the Noble Lord was right in what he had told the
House this night, then all his (Mr. Tierney's)
mercantile .friends, with whom lie had talked
on the state of our commerce, were wrong.—
In saying this, he did not talk of mercantile
Gentlemen on his own side of the House, but of
others.," for he happened to have a pretty exten-
sive acquaintance among Gentlemen ,of that pro-
fession. For his own' part he had no hesitation
in saying, that he did look for some improvement
in the state of the country this year. But acCord-
ing to the Noble Lord, the improvement amount-
ed to this—that there was an excess of the re-
venue beyond that of last year to the amount of
3,323,006/. front which, when 1•,000;0001. was
taken for the services of this year, there remain-
ed upwards of 2,000,0001. of available surplus, ap-
plicable to the reduction of the public debt. The
Noble Lord congratulated the -House on the cir-
cumstance, that.not only the income and expen-
diture met, but that there was a surplus of the
income. A stouter assertion thsn this he never
heard. The Noble Lord put entirely out •of the
question that great charge the Sinking Fund. Of
that the House had this night heard nothing. But
if what he understood from the- statement of the
Chancellor of the Exchequer, the whet day was
correct, the surplus on the Consolidated Fund, on
the sth of January last, was 214,0001. But then
there was an old debt on the Consolidated Fund,
which had been studiously kept out of sight, and
which it would require 3,000,0001. in addition
to this -214,000/. to wipe off. Supposing then
that the improvement in the revenue of the cur-
rent year, which the Noble Lord calculated at
1,000,000/. should actually take place, there must
bean improvement to the extent of 2,000,0001.
to make the income equal to the expenditure,' and
then we would be even and gait with the Con-
solidated Fund, and no more. For the Ways
and Means of this year diet' nothing could be
taken from the Consolidated Fund. There Was
then the land and infilt tax, about 3,000,000/.
and the war taxes and excise 3,500,0001. To
these were to be added half a million for the old
stores and lotteries, making a total of 7,000,0001.
which was every farthing thar he could make our
to meet the expenditure of the year, allowing the
Sinking Fund to perform its ordinary' operations.
Now there was one slim of which he had heard,
nothing, and as there seemed to be posting days,
wheu.any thing that was. owing to us was like-
ly to be mentioned, he was surprised it was
omitted. What had become of the" 1,000,000/.
which was due to us 'by France He was sorry
to see that . the Chancellor of, the Exche-
quer made no sign. The Noble Lord, in men-
tioning the reductions, had talked of follow-
ing his advice. But -the advice followed by
the Noble Lord and his Colleagues was none of
his, it was the advice of the General Election.--.
He might have given it till he wastired—it might
have been given by the wisest sage of ancient
times, yet would it not have been followed, unless
countersigned .by the General Election.--=Last
year 'he (Mr. 'l'.) proposed that 5.000 men should.
be reduced. But that was opposed violently—it
would have been exposing the country, and eo-
datigering the colonies. But now, when the re-
sult (*ache general election showed that there was
a cur for ecocumy over.the ivholc country, Mini-

sters took the other tack, and made large reduc-
(loos. But even from the statements of the
Noble Lord, the saving practically would not
amount to. more than 400.0001.—[1-lere Lord
CriStlereagh gave a short explanation across the
table,]—He wonld take it then at 1,000,0001:
List year the total amount of the , expences
of the-Ariny, Navy, and Ordnance, and interest ou.
Exchequer Bills, was about 21,000,0001. He
, begged to know
,whether in round nombers this
Wit's not the correct sure.--[Toe Chancellor of the
Exchequer assented.]—Then after all the reduc-
tions this year, 'there was an expenditure of
20,000,0001. to be-met, in point of tact, with the
inadequate sum of 7.000,0061. But how did this
happen, when the statement of the Noble Lord
was so different ? Simply thils-4y the joggle of
leaving out the Sinking Fund. How was it in-
!elided to provide the 12 or 13,000,0001. for the
Sinking Fond ? Was this then the prosperous state
of the country, when 13,000,0001. Most be supplied
by a Loan ? Was the mode by which the Noble
Lord wrapped np the state of the finances in fiones
to bring out such a result as a surplus of income,
when there was in fact a deficiency of 13,000,0001.
to be provided for ? Arid in this delusive mode of
stating the finances of the country the Noble Lord
was countenanced by the Finance Committee, who
Stated the amount of the income and expenditure,
arid gave the result as a surplus pot in by way of
parenthesis, " exclusive of the expellees of.the
Sit.iiiog Fund." For the 13,000,0001. the Right
Honoorable the Chancellor of the Exchequer would
most likely provide by Exchequer Bill,. And if
the Chancellor of the Exchequer went on borrow-
ing by_Exchequer Bills, was it not a mockery to
tdk of resuming cash payments at the `Bank ?
The Chancellor of the Exchequer was this very
night to take a vote Of the House for twenty-
four millioos of Exchequer Bills, and this,
too, as a mere nutter of course. Now, in this
sit nation of things, he would ask, whether it
was not a mere joke to talk of going on without
looking our situation fairly in the face ? This
very year there must ,be 12,000,0001. at least
raised by Exchequer Bills. Would the House (bell
consent to vote this night the 24.000,0001. in one
line as during the war_? Did the Noble Lard or
the Chancellor of the L'xcheyner mean to say they
Were ignorant of theeffeet produced on the paper
circulation by such prOceedings ? There were nosy
about 44,000,0001. of 'ExChequer Bills ontStand.
iig ; and, in additiOn; there were 1,000,000/..
voted for the Churches, of Which nothing had
been heard ; so'lhat by the end of the year there
woold he about 60,000,0001. of outstanding EX..
cheyier Bills. The TV:I3, whether the
House was to be taxed to the extent of twelve
millions to support the paper system, and keep up
the fonds..

Lord CASTLEREAGH explained., He .dill not
mean to enter into any reply to the statements of
the Right Hon. Gentleman _on this occitsipn,
though he conceived them to he delusive and, tal
lacious. There was no delusion on -his payt,. as
charged against hint by the Right Hon. 'Gentle-
man... But the Right Hon. Gentleman did delude
the House, if he wished it to believe it possible,
that a country could increase its revenue at the
rate of 12 Or 14,000,0001., a year, when it ivas taking
off taxes. He would certainly be-Surptised if any
Man .could be so besotted (to use the *Right Hon.
Gentleman's own phrase) as to suppose such a
thing possible.
The•ChstS:bst.Lon of the EXCHEQUER said, he
was sure the Country would feel bow much was
due to the labours of 'the Finance Committees,
nov.vithstanding the• attempt of the Right Hon.
Geotleman to detract from their merits. It would
be quite unnecessary for him on this occasion to
enter at large. into the Reports of their. Commit-
tees ; but be could safely recommend them to the
attention of the House, and they would.see how
little they deserved the character giVen them .by
the Right Hon. Gentleman, and- whether-they had
not examined the public economy in such a why
as their situation required. If it was thou„ lic
that any saving could be made in the collection of
the -Revenue, and that the sums collected coull
he applied more completely to the public service,
there certainly could not be a more fit subject for
the inquiry of the Committee. The Right Hon.
Gent, thought the statement which his Noble
Friend had given was too flattering, and therefore
he chose to take a different aspect of the state of-oor
Finance. For this purpose the Right' lion: Gent.
turned his attention, to the state of the Consolidated
Fund. Bot be forgot there was a considerable di-
minution in that bind since the .consolidation of
the Entvlish and List' Exchequers. -The flight
Hon. Gentleman was correct 'in'stating the sur-
plus on the year ending in January last, at
214,0001. But to look at the Consolidated
Fund with fairness, it was n K esiary to look to the
surplus of the Irish Consolidated Fund, which was
not less than 600,0001. Then the Right Hon,
Gentleman, in comparing the income with the ex-
penditure placed the whole-amount of the Sinking
Fund to the expenditure. But no one ever sup.
posed, in this' view of our finances, that it was
possible to reduce our debt at- the rate of
12,000,0001. or 14,000,0001. a year, without con-,
firming the whole of our, war taxes. The House
had, however, decided against the continuance of
a great proportion
.of those taxes ; anti when 'hat
was decided, the question to Which the decision
went, was, whether they should proceed to re-
duce the debt at a rapid progress, or more
But it was impossible at the same time to re-
lieve the people from, taxes, and to proceed ra-
pidly in the reduction of our debt.—(Hear,
hear !)—He did not Mean now to quarrel with
rite decision of Parliament with respect to the con-
tinuance of those taxes. lint by that decision, the
Parliathent, by its own act, prevented the appli-
cation of sums for the reduction of the debt, which
by, this tilite would have amounted to 50,000,0001.
But from-the drift of the Rt. Hon. Gent.'s speech,
to-night, it seemed as if he was desirous of re-
turning to the other system, and of ahandostinl
that of relieving from taxation. If such waS the
*Right honourable` Gentleman's opinion, lethint
speak it boldly, atid he would find him tot
unwii-
liog to lend his assistance.—(Hear, hear, and
touch laughter !)—But there was only one-third
course between the gradual improvement of
the revenue and the 'slow reduction of the debt.
lint the Right Hon. Gentleman did not think that
GOUrSe sate, unless we were sure of a long period

of peace. We were now, however, commencing
regular progress in the reduction of our debt,
and this reduction might be expected to become
mote rapid year after year. If any person ,had
sentnred, not only at the commencement of the
war in 1792, but even so late as at the peace of
Amiens, to state that the war would leavens with
att unredeemed debt'of 800,000,0001. and yet that
the tesources of The country should he in such a
s'itte as to enable us, at the very close Ow war,
to take off taxes to the amount of 17,010,0001. ;
anti yet, in the third year of peace„to have a dear
surplus of 3.000,0001. of income beyond the ex-
Pendi'stre, it would have been thought whoily
iu-
cr,,dihle. Siteit, however, was our s tHali►flt at
:hi.. time ---(f--fear, bear, hear I)—As to the Loan,
or the itifrrie in which he might think it necessary
to arrange itis financial opera'ions for the year,
he could nuly repeat now what he had formerly
sai4l, 'hat he ttattst decline any statement on the sub-
ject at this time, reserving to himself the full right
to adopt such meastires as atiaftt to him scent most
coittl,cive to the public service —( Hear, hear,
hear !)—Anal he WaS COllViliCtft that the less Tie
now said upon this subject, the greater would he
the benefit to the public interest.—(l-lear, hear!)
Mr, ELLICE (of Coventry) said the great amonnt of our
scsperts in t. 815 was to be accounted for by the circumstance:
that all the warehouses of our merchants were filled with the
prrriore of our enemies' colonies, and that the Continent was
then-fit-A opened to us, and onrin ;mit factures sent to a market
quite bare, of oil, supply. He conceived the increase in the
taut tear nientioned by the Notate Lord to be owing to tempo-
rary caatscs, tort no proof of national prosperity`. Every
market was ;lotted with British goods, auto our merchants
neve selling at tosiag 3,aaces. If 'the present baancial system
continued—and if money was borrowed to raise the lands,

and crielting sn over-issu of paper, it roust quid in rein.
Mr. l'itO'fi HEROE. said, he was not one of those who
wished to raise that gloom which the Noble Lord's statements
tended to dispel. If these statements were fair, he had that
conSdence in the stability of our national resources, that he
-did not doabt t\tat the country would taltima.tcly realise the
raost sanguine expectations of those who loolied forward to a
complete relief from oar financial difficulties.
Mr. lIMAX3fNALD unandered that nothing decisive was
said as to the institution of sonic inquiry to prevent the no-
torioos abuses in the collection of the rerentie.
Sir JOHN S'EaRIGIrr said a few words front under the
Gallery, which sere not audible.
The tinrition was then'put and carried. The names of the
Cotnniettee-appointed were--

The Chancellor of the Exchequer, Lord Castlereagh, Lord
Binning, Lord Clive, Lord Viscount Jocelyn, Sir,G. CIAI ke,
Messrs. naohs, Ptel, ifo-lisson, Littleton, D. Gilbert,
N. Cairrt, Cartwright, 3. Smith, F. Lewis. Calcraft, Fre-
ma3 re, Com tcnay, lElart Davis; Gooch, HolfOrd; B.

bratiaai.
Mr GII.E.,'NFELL wished to ask the Chancellor of the Ex
chequer what particular instructions were to he gireu
the Committee respecting the Management of the National
Debt ?

The CHANCELLOR of The EXCHEQUER answered
that the sulject wou'd naturally come under the cognizance

of stu,tl a Coautzittee.

EXCETEQL•ER BILLS.

The CHANCELLOR of the EXCHEQUER moved the
Onlin of the Day for 4,be House to resolve itself into a Com-
mittee of Ways and Means.
It] the Comniittee Mr. BRIX;DEN took the Cha;r, when
the storm '6{1,4,000,000 in Exchequer Bills wee VUted for the
strvire of the current year.

The House was afterwards resumed, the report received,
and leave given that the Coratnittee fr ight sit aa";tt on Wed-
nesday nesi.

GRANITE STONES.

Mr Alderman WOOD moved fir an Account of all
Con-
tracts entered into for Granite Stones during the last two
years.
Sir DYAM MARTIN hoped that the Honourable Alderman
would not iwrsist in his motion, as there might tie sonic in-
coneenienCe to the public service if it were agreed to.
Mr. Alilermaii WOOD was not aware that any opposition
weinbl arise to such a motion. His &iject was point ont
a principle of public economy which lied hitherto hero
neglected by Ministers. The contracts for Granite Stones
which had for some years been adopted, lent proved very pre-
judicial to thee puhlic service. in one contract, thit for the
Waterloo Bridge there had been a national hiss of 164,01101.
Insti;ad of 45., the sum agreed, for, the same quantity, and
aquatic fond quality-of stones, might have been obtained for
is. He ales recommended the eznployment, of convicts, the
experice of which would not exceed Is, .Nd. each per day, in-
stead of the present expensive mode. He therefore premJsed
his motion.

'fist CHANCELLOR. of the EXCHEQUER thought the
MO. A hterniais would act more wisely lty postsomiog it to a
more Suit:lldr opportunity.
Mr. ALd,redtan Wilop—good-buttionrcilly and ludicrously
looking arounil Ititu—ohserred, that since all his friends had
lett thr flotme, he would take titr adrift' of tile Chalicelloi•
of th:: Exchequer, by withdrawing his motion.—(A. laugh.)
Adjutu tied.

PARLIA ENTAR V PAPLRS.

T:,..!E REVENUE.

An Abstract of the Nct Produce of the Revenue of the United
Kingdom of Great Britain and Ireland,iu the Years ended
sth Jan. 1818, and sth Jan. 1819.

Tile Total Itevenne of Ow Year 1818, inclnding .
Arrears of 41':Ar Duty un Malt and Property,
was ...
Deducting these Arrears - ... ... , 2,330,531

Net Produce of 1819

The Total Ile V 2,71UC of ISO, also including Ar-
rears of War Dr:ty tan Malt anti Propeity, was L.53:543,937
Detlimtiog these Arrears

Net Produce of 0313
Protiace of 1813 .49,:334,929

Excess is farour of 1819 ..4 L.3,& 2,:371

rrorc another Abstract it appears that the comparative Re-
ceipts of each separate blanch of the Revenue, during
ISIS art,', 1819, .v.-ere as follows:
CONSOLIDATED FUND, ANNUAL DUTIES, AND
WAIL TAXES.

. .
• in 1818. 10 1819,
CuAtoms ..." L G.999,975' L. 7,986,416
Exi;ise
Stamps
Pt,4 Mice
A.s,esitt•l Taxes
LanikTaxe, 1,16.'3020. 1,Q09,682
NisN;lAlle,:tis , 492.872 368,003
tritaiipropria:ed War Duties
--..--

Total t.) Cons°!Matted Fund ..L 2D,752,044 L. 42,445,955
' 'ANNUAL DUTIES TO PAY OFF BILLS,
Customs I 2,c71,505 L. 2,109,810
Excise
16
Pensions, &

Total Annual Duties L 3,19.9,68ti L. 2,636,566
WAR TAXES. '
.L. 8,077,312 L. 3,399,260
1,469,458 481,539

Excise
rreptrty

~~',.f,.1 tL'

'Pnviva

L.3.8b0,79g

We received this morning the Paris Papers. of
Saturday last. They are remarkably barren of
intelligence. The following are the only articles
worth extracting :

" FARES, FEB. G.—Yesterday, after mass, which
the King beard in his apartments, his Majesty
transacted business in his Cabinet.

'' The following Committee has been appointed
by the Bureaux of the Chamber of Deliuties, to
examine the I'rojet respecting the responsibility
of Ministers :

" MM. Bedocb, Albert, Lain 4, de Caurvoisier, Roy,
the Count Beuguut, de Villele, Dupont (de l'Eure), and
de Curbire.

FIVE PER CENTS.

niday

71 f. c.

DF.FFII4ED STUCK. •
Of the '22tl March, 1817,
eed Sept. 1817, , 82f. 75 c.
24(1 Mardi, 1818, SO f. 75c.
22t1 Sept. 1818, 78 f. 60 c.
f‘ FRANKFORT, FEB.l.—ltmael Gibraltar, Agent

of the Paely- of Egypt, has arrived here, on his
way to Italy.
-" Private letters front Berlin state, that Colonel
Massenhach has been sentenced to imprisonment
for life in a fortress."

New York Papers arrived this mornin.c.r, to the
15th oft., Baltimore to the 13!h, and Philadelphia
to the 14th :
(Frum The Neze York Commercia!, Advert/ter, Jon. te.)

PATRIOT PRIVATRERS.—CIptaio ALLEN, Of the
schooner Dart, who arrived last evening in 28
days from Marartham, states, that a 'number of
Privateers on that coast had recently captured se-
veral Portuguese slave ships and other vessels,
valued at nearly half a million of dollarß. On
ilk passage, Captain, ALLEN spoke the privateer
Liberty, EwiNo, which was returning, richly
laden with plunder, from a four months' cruize
among the Western Islands.

(From the same Paper Jan. 11.)
CONGRESS.—IN SEN.IFE, Fitio S.

The Dilation made by Mr. JOHNSON, on the
9th ult. to call on the Executive for the corre-
spondence respecting the cession of the Floridas,
was this day withdrawn, by hi►n, on being called
up, his object having been obtained by the com-
munications subsequently made by the President.

- THE FUNDS.—The distress continues in the
Money Market, from the great difficulty in getting
good Bills discounted. Consols. arc a trifle bet-
ter, but the sales of Stock still continue to an
immense amount. Consols. this morning com-
menced at 771 i for the Account, and have not
varied a fraction up to twelve o'clock. At that
hour the Commissioners came into the Market,
and were served at 771 Reduced by the Jobbers
generally.

The account of the state of the Revenue, as
given last night by Lord CASTLEREAGH, amply
confirming what we have extracted from the Par-
liamentary Papers this day, but for which we
had not room yesterday, must be wormwood to
the Opposition, bat will be highly satisfactory to
the People at large. We can confidently assure
the Public, that it will re• olutely pro-
ceed in making all practicable retrenchments;
and the only fear is, that, to silence the clamours
of Opposition, which, however, never can be si-
lenced, they may concede too much, and thereby
lessen the necessary strength of Government.—
We refer our Readers to the Debates.

It has been recently rumoured in the Opposition
circles, but its no other, that MI% VANSITTART
was going to relinquish his post as Chancellor of
the Exchequer. This report is " a weak inven-
tion of the enemy." No person ever conducted
himself its his arduous situation with more zeal
and assiduity thah this Gentleman. He has
through life devoted particular attention to sub-
jects of finance, and has anxiously endeavoured
to render himself, what lie really is, a man of
business, disregarding the vain parade of rheto-
rical declamation. A character more distinguish-
ed for moral purity, and attention to religious
duties, without fanaticism, cannot be found, and
in every relation of life, public and private, there
is no Member of the Government mote entitled
to general esteem and confidence. The public,
groll(s
therefore, we are persuaded,
with,
tillfe(tailesmuc
iraerit
nit
ga reportt
Ilioaqvbtitene having
et:
aabirirelitlf°vuai llityobielitiveoadirrir,aanrtteyt!
i
it
he mere
whose " wish is father of the thought."

We have had many inquiries, verbally and in
letters from Correspondents, requesting more in-
formation upon the subject on which we touched'
with cautious reluctance on Saturday last, relative
to a distinguished. Female now abroad. We then
said as much as could be properly communicated
to the Public in the present state of affairs. We
may venture, however, to add, but without pre-
suming to vouch for the fact, that it is positively
said that a formal process has been actually served,
requiting the wurn of the Lady in question to
this Country, preparatory to investigations of the
highest interest and importance.

Major CARTWRIGHT, it seems, has pllbliShel
Letter against Sir FRANCIS BURDETT in a style
of abuse which only falls short of CORBETT in
vulgarity. Why will not the Baronet throw off
the trammels of demo.cracy, and employ his ta-
lents in support of such a manly Opposition as we
hope will always be found in this Country to
watch over the Constitution, and to keep Mini-
sters, in all times, to their duty 1 HiS pdcuniary
independence will always ,place him above the
suspicion of ins rested motives, and he may en-
joy the noble ambition of true Patriotism.

As it is confidently said, that there is actually
a Party in Government disposed to assent to the
Catholic Claims, we are earnestly exhorted not to
let a day pass without raisinga WARNING VOICE in

defence of our E,tabli,hment in Church ant? stt°e.
If we could he such Heats as to sntrender tb,
safegaards,of THE CoNSTITUTION, 11. °t.l
wise and! virtuous ancestors, and admit il'e.lll.
;
flux of POPERY, the next thing that the
,r
t,B
001 d demand would he the repeal of .1%
UNION, and, in due progress, the Col"Ple''
independence of the Sister Island. CritniCile,
MEN, :end DISSItt•ITERS of all (kiwilll93l,k Ilt:e
look to the danger in time, or We: Shall "''s,.l:ti
exposed to the PurifYinz fires of Lori AS •I#4;
but lb°
tics unworthy of any oronments
urged by faggots, engines, and sentfolds I !

order 6.