The Sun.
London, England, 1821-06-01 00:00:00

PRICE SEVENPr.Cr

44 for the public debt ;" not only pledged, ac-
Cording to a great Law Authority, but from the
revenues of which daily experience practically
proves, the taxes for paying the interest and mo-
ney for redemption of the principal must be
drawn ?
In 1812 the late Dr. CoLg.ullourq estimated
the value of the real property of the nation, in the
United Kingdom, at 2,700/. millions,and the total
increase of individuals at 4301. millions per an-
num. The National Debt then amounted, to
about 6701. millions, and the annual charge, ex-
clusive ()Nile Sinking Fund, to about 2.01. mil-
lions. Whether Dr. Cor.QUHOUN's valuation was
perfectly correct, is not so material as the 4b-
vious truths that, since 1812, the value of the same
property has fallen very considerablii-and the
total incfrale of individuals (excepting fixed an-
nuitants) has very much diminished ; thai the. va-
lue of the annual produce of the'" land, the trade
" and the, personal industry of the subjects which
are p4dgeff • for: the har.verf
materially decreased. But the amount of the
National Debt, on the contrary, has increased to
about 8501. millions; and the annual charge, ex-
clusive of the- Sinking Fund, to more than 31

In 1809 to 1812 the high prices of corn and of
every thing fabricated ; the high' price of labour
and rates of profit, enabled ail the industrious
classes to command ample remuneration for the
taxes entering into the prices of things either pro-
dgced or consumed ; and the contribution. of 25
millions per annum, to pay the interest of the
national debt, was then borne with ease compar-
ed with
.a contribution of more than 31 millions,
at a period of languid industry ; low prices of
corn, and every domestic production and manu-
facture; low prices of labour and rates of profit;
diminished incomes (excepting those of fixed an-
nuitants), and when many of the individuals who
had paid taxes are out of employment, subsisting
upon increased poor rates-. The national debt
and annual charge are not only actually increas-
ed, but to pay any given amount of interest, or
redeem any certain amount of principal, requires
now considerably more of the produce of the
land, the trade, and the personal industry of the
community.

If we compare the estimated value, at differ-
ent periods, of only the corn annually consumed,
we shall see the decline not only of agricultural
industry, but of the inland trade. We may well
imagine'how considerably the internal-consump-
tion of manufactures, and also of foreign prodtic-
tions, must have been diminished. .
Dr. CoLounous, in his valuation of the annual
produce of the land in 1812, rated Wheat at only
70s. pd. per quarter. Ike estimated the number of
quarters of all sorts of corn consumed at 35 mil-
lions; the total value of corn at 73,734291/..; the
total value of every description of the produce of
the land, including timber, at 216,817,624 per
annum. But the actual 'average market price of
Wheat the whole year 1812, was 12.55., at• which
rate, And the actual average rates of other sorts
of corn, 35 millions quarters sold for 124,865,7501.
The average market price of Wheat of 1809 to
1812 inclusive, also, was 105 s. and 35 millions
quarters of allsorts of corn sold for 100,350,058/.
per annum on the average.
I But according to the average market price of
' corn, the - six .weeks ending the 4th March 1816,
the 35 millions quarters sold only for 62,000,0001.
According to the average market prices of the
six weeks ending the 24th February 1816, the
35 millions quarters sold only for 52,416,0001. r
In the years 1817 and 18'8, the prices of
corn advanced considerably, but in consequence
of that advance,- and the great importations of
foreign corm prices have declined since the year
1818. According to the average market prices
of five weeks, ending the 31st March 1821, the
35 millions quarters sold only for 60,621,9791.;
the average prices .of wheat being 545. 4d. for
this period '; barley, 245.; oats, 18s.; rye, 345.
lid.; beans and pease, 31s. 7d.; per quarter.
But if we estimate the value of the
quarters of corn at the prices which Parliament
determined to be the lowest average market
prices at which the British Farmer could be ex-
pected to support the present expences of pro-
duction and of taxation, at 80s.: for wheat;
barley at 405., eats 265., rye 535., and beans and
peas at 535., the real value would be 77,337,1251.
These facts are particularly interesting also, as
they regard. the extent of the great inland or
home trade, as it. existed in 1812, the most con-
siderable in amount, and 4 of all other trades, far-
the most important. We may form some idea of
the amount of this trade by Dr. COLQUIIOUN'S es-
timate of the value of the new property annually
created from various sources :
Agriculture -
Mines and Minerals

- - - - • -
Manufactures of every description .
Inland Trade, Coasting .Trade, Fisheries, Char-
tered and Private Banks -
Foreign Commerce and Shipping - -
Incomes rcmitted from East and West Indies

£216,817,624
9,000,000
114,230,060

39,100,000
46,373,74 g
5,000,000

To which may be added the value of Foreign Pro-
X 430,521,372
ductions imported, which in 1810 were more
than 70 millions, say - -

Total

69,47846 p

X 500,000,000

To this extent, if not considerably more, the
great inland trade may be supposed to have cir-
culated commodities about the year 1812. About
that period it was likewise est;matect that 150
millions per annum were paid for manual labour
alone.

(To be continual.)

The weather at Paris has been as variable as
in London : on Sunday last they had- frost in the
morning; and rain all the afternoon.