The Sun.
London, England, 1821-06-12 00:00:00

gpread.OveT so late a sitrface'erthese kingdoms,
any attempt to render restriction more effectual
would, according to all experience, only stimulate
prodaction ; consequently that we cannot expect
again to raise materially the market price of corn
for any permanency ; as , the rent. of land St
measured and governed by the •market price 67
corn ; and as the interest of -money, and the
various profits of 'stock have fallen, from

the influence of which decline neither rent
or the profits of cultivation can escape ; as we
cannot expect these circumstances to be altered
by the expected change in the current money of
the country, must not the idea of raising again
the nominal rent of land be abandoned? Is it
even possible to raise it either materially or per-
manently ? Were it not, therefore, better at
011C2 to adopt the alternative of endeavouring by
all reasonable and honourable means to diminish

the taxes upon the necessaries of life, which ac-
cumulate so much in the progress of producing
those necessaries for the consumer, thereby re-
ducing the growing price of cotn somewhat lower
than. the market price, and by so doing raise the
real value of the rent of land, in other words, in-
crease the power over the necessaries of life of
such a rent as may be consistent with the re-
duced price of corn ; and which power would
increase more and, more as taxes are diminished ?
The energy of such power, for all the purposes
of subsistence And
,enjoyments, may' be rendered
even greater with low prices than it was in times
of higher rents and profits ; because the neces-
saries and enjoyments of life were then perhaps
more expensive in proportion, on account of the
profits charged upon taxes in the progress of
accumulation.

And has not this been proved by experience ?
Did not a country gentleman live more liberally,
and better support his rank, forty years ago
upon a•rental of six hundred a year,- for example,
than he could in our times at twelve hundred a
year ? And if the taxes and rates were no more

in .proportion to population now than they were
then, what other circumstances could prevent the
energy of the power of such a rental over the

necessaries and enjoyments of life being as great
now as at any former period ? Would it not,
probably, in truth, be greater than ever, on ac-
count of more perfect machinery for abridging
human labour, more skill in the cultivation of
land, as well as improved science and intelli-
gence in every branch of industry ?
IVith a view to this alternative, we do most
anxiously, although humbly, recommend to the
immediate attention of Members of Parliament
the plan' which has been, with all deference,
submitted to their consideration, for reducing
the capital and annual charge of the Na-
tional Debt, Which is perfectly practicable,
and is no violation of public faith. It is
perfectly practicable, because it consists sim-
ply of a conversion of stock into a new stock ;
a stock to bear five per cent. interest. The in-
ternal tranquillity of the country ; the present
state of our foreign relations ; the distress sus-
tained by many industrious people; the difficulty
of devising any, other remedy for this distress ;
all conspire to render it more than ever expe-
dient to adopt some measure for the relief of pub-
lic, burdens, upon a scale consistent with the state
of the nation. '
The plan alluded to is grounded upon the prin-
ciple, that, when the rate of interest in the
iS low, the value of a certain fixed
annuity is high in proportion.
It suggests that a new five per cent. stock, not
to be redeemed for at least twenty-five years, be
established. The value of such annuity in the
market will considerably exceed 100/.
It proposes to fund Exchequer bills in the
new stock, and to convert into it a great part of
the three per cents., and the whole of the four
and present five per cents.
By these operations, the capital of 'the Na-
tional Debt may be diminished more than two
hundred millions. In redeeming the debt, the
public may save more than one hundred and fifty
millions of money, while the annuity of the
3 per cents., which may be converted into a new
stock, will be increased, and that of the 4 and
5 per cents. will not be so much diminished, as
when reduced to 31 per cents., according to pre-
sent expectation. And upon the total amount of
interest, there will be a saving of more than a,
million per annum.
The essay accompanying the details shows
that its adoption is the real stockholder's inte-
rest, on account of the appreciation of the value
of his annuity, which will result from the conse-
quences of relief from taxes.
After having placed the National Debt in the
most favourable train of redemption, an object,
we humbly conceive,._ superior to all others in
importance, according as progress is made, in re-
deeming the debt, taxes will be reduced.
[To be concluded to-morrow.]

CONFIRMATIONS
By the Bishop of LioNDoN, in the Parish Church of Saiut
George, Hanover,.sguare, oil Monday, May. 4, :1818 ; and
on Saturday, June 9, 1821.
Persons
Places. Ministers. , - ' Ministers. Persons
n 415 I to:
i
Church of St.George...Dean of 1 6A r., cl. Dean of Carlisle"' 368
Chester '"& Mr. Mrillams f

St. George's Chapel • - 48
Curzon-street Chapel - - None
Park-street Chapel - - 2
Grosvenor Chapel - 115
Knightsbridge Chapel - 16
Trinitythapel - - - None . -
Chelsea Workhouse... Rev. R.
16 Rev. John Rush None
Sandilands
Rivers
Berkeley Chapel Rev. Mr.
None Rev. Mr. Rivers 30
St. Mary's Chapel Rev. Mr.
None Rev. Mr. Harness. 45
Harness
Albemarle Chapel - - None - - None
Charlotte street 1 Rev. Wee-1 119 Rev. Weeden Butler 33
Chapel,Pimlieo .1 den Butler
Ebury Chapel —Rev. R.
92 Rev. Win. Bewshei 69
Sandilands
Dean of
Rochester 110 Rev. Mr. Pitman 73
Rev. J.
• 04 Dr. Thorpe
Gibson

None

Belgrave Chapel

The Lock Chapel

None

None

• Total . 1,253 Total 703
Besides Srrepty-eight sent by ,8 Besides, one who)
"different Clergymen of note f t 8 was confirmed by I
herself -

In all

1,336

In all 709

A handsome suite of baths have recently been
completed in. Guernsey, and a .steam packet is
about to be established between that-Island and
the River Thames,