The Sun.
London, England, 1810-05-17 00:00:00

so much 'On the TAx this year, as
there were no arr Ors of an earlier standing thati
1807. The arrears of the four kilt years were as
follow r--In 1807, 469,92 M; MI 808, 530,3681.;
•in 1809', 1,546,7451. ; Out.standing •in sth April,
1810, 6;841;1051. ; but then, it must be recolleCt-
ed, that,. the last quarter had not bee,n paid. It
might• be necessary to state; the amount of the
Gtauts out of -the Property Tux for the :six last
six years, viz. :—ln 1801, 4;500,0001.; in 1805,
.15,440,0001.; in 1805; 14,506,0001. ; in 1807,
1.8;060,0001.; in 1808, 21,00'0,00.01. ; in, i 869,
21,200,0001. ; in 1810, 21,4q,0001. ; making in
'.the-whole, 1 t .5,880,0001,; Of !he above there had
been received in 1804, 3,741,3 t 01. ; to 1805,
11,787,1861.-; in 1806; 1/-,98,1051.; in 1807,
16,305,8811.; in 1.808; ,19,835,8201.; in 18091.;
22;086,2221.; in I'Blo, 22,707,4421•; make in the
whole 107,441,9781. The Grants remaining unsa-
tisfied on the sth of April of each year were as fol-
low ::—.1804, '758,5811. ; in 1805, '4,411,4951. ;
in 1806, 5,933.01-1. ; in 1807, 7,628,i061.,; iii
1808,, 8,798,2861.; in 1809, 9,904,9641.; and on
the .sth 1810, 8,437,5221. _ The total
amount of Assessments to the 5111 of April, 1810,
was 60,949,0001. ; the produce was 51;613,2671. ;
the arrears outstanding therefore were 9,326,0001'.
From this sum if the 8,437,5221.. of Grants remain-
ing unsatisfied 'on the-sth April;, 16.10, were de-
ducted, it would appear that there Was-a balance of
assessments due to the Public a: 'that 'period of
889,4781." not actually granted. -There Was also
400,0001. of War taxes to be received froln the -East
India Company, being the tea-duty due and post-
poned at the sth. April, which added to the last
would make 1,289,4781. to be collected front the
annual Rroduce of the property tax. 'Having made ,
these statements, he ,would proceed to direa the
attention of the Committee to the CuStoms and
Ex-
cise. The produce of the Customs and Excise for
the lad three years wap as follows,:---In 1$08; did ,
Customs' 2,626,151. ; • the Excise 6,392,0661.;
making together 9,918,220.-1 n 1809, the Cus-
toms 2,354,9991. ; the Excise. 63451,8961. ; mak- ,
ing together,B;Bo6,B9sl.—ln 1810, the Customs
3,290,4411.; the' Excise 5,655,7681.; making to-
gethef'B,3s6,3o9l.—The product; of both for the ,
threo years was therefOre 27,t 81,4051.; the average
of each' year being g,060,0001, ; which might fairly
be calculated upon as the receipt of the current
year ; and which, added to the assessment of the
Property Tax according to the returns from the i ,
Tax-offiCe; ViZ.- 11,40'0,0001. would make the re-

suit 20,460,0001. There remained due, however,
on the.sth 'of April of war taxes unappropriated
1,293;0001. which added to' the former sum would
make the• reasonably' to 'be estimated. produce of
the war taxes for the curretit yl'ar 21,753,0001.
From. this SUM must be, deducted the amount
pledged for the interest of the loans of 1807 and"
§OB, viz.... 2,240,0001. leaving a clear balance at the
dispoSal of-Parliament for 18 1 o of 19 t 3,0001.—
The course 'whiCh he had propOsed 'to Parliament;
and which had been adopted 14 the House with
respe6t to.the mode .of
.drawing the' Lotteries had
remedied one class of evils formerly complained of.•
He believed thefe existed no doubt that if the ar-
rangement he alluded to, that of drawing the Lot-
tery in one day,' had not wholly put a stop to in-
surances, it had prevented entirely that most mis-
s chievous insurance 'which formerly did so much
injury to , the lower Orderi of society, from their '
Continuing to insure day after'day; in the vain hope
of retrieving their first losses. He therefore thought
There' could be no objection to raising the . sum of
30,0001. by lotteries, Seeing the evils which . had
been so much lamented did not arise from the
'Lotteries' themselveS,.but from the practice, of in-
suring and from private lotteries—" little goes,',' as
they were called.' Fie would now state the ternis
on which he .had, negociated the Loan, and he had
the SatiSfaclion to inforin the Committee that those
.termS were infinitely more favourable than had ever
been before'obtained. The loan was fur 12,000,'0001.
viz. 8,000,0061. for England and 4,000,000. for
Ireland. .TheSnbscribeth were to have 'l3Ol. in the
reduced 3 per cents. and 101. 73. 64. in the 3 per
cent. Consols, making in the tkhole 1401. 7s. 6d. for
every tool. subscribed. The amount of the interest
therefore, would be no more than 41. 4s. 24d. per
cent. being 15s. 91d. below the rate of legal interest.
The iutgrest on the loan last year was 41.125; iod.
per cent.. Whether the situation
,pf the country was
better or worse than at that perifrd he would'not pre-
tend to say, but certain it was that between the interest
of the two loans, there was a ditieience favourable to
that just created of 83.-7.0. per cart. The Exche-
quer Bills to'he funded would amount to 8,311,6001.
Thus it would appiar that the stock created on ac-

count of the inanof 8,000,0001:would be 10,400,0001.
in the 3 per cents. reduced ; and 830,0601. in the 3
per cent. consols ; rtialsinf the total of the capital
created on the loan for Great Britain 11,230,0001,
The -capital created 'on- account of the Exchequer
Bills-funded would be, 8,58 1,7271. in the five per
cents. The total of the capital created tor loan
and Exchequer Bills amounted therefore to
19,811,7271. The interest on the debt created in the
3 percents. reduced would be 312,0001.1 that on the
'debt created in the 3 per cent. cons. would be 24,9001.
making together the interest on thedebt created for
the loan 336,9001. Themterest on the debt created
for-the Exchequer Bills in the 5 per cents, would
be 429,0861. 7s. ii .1 ing the total interest on 'the
whole debt created 765,9861. 7s. The 1 per cent.
would amount to 198, t t 71... 5.. 4.41. and the ma-
nagement to 6,7351: 19$, sitl: making the grand
total charge 970,8391. 12s. ltd. The race. per
Cent. paid by the'Public on the total debt %% as, on
the Exchequer Bills funded 61. ,4s. 7id.'; on the
loan 51. 13s. ; the rate of interest tp the sub-
scribers was, on the Exchequer Bills 51.35. 3d. ; on
the loan 41. 4s. 2id. The result was, that the rate
per cent. paid by the Public on Funding Exchequer
Bills and loan was 51. 199, old. ; including the
expences of management. It was in vain for him
to pretend to bring under the view of the Commit-
tee the satisfattory teflectiensnaturally atising frOm
the circumstance of the country being able to pro-
cure, ;o large a loan at' that rate 'of interest. He
should next shew the progress of the' Consolidated
Fund, and shew why he took no more of the sur-
plus than. 4,400,0001. Tne income and, charge of
the Consolidated Fund for the year 18'10 stood as
follows : the charge Was 34,421,996 h gs. • I tic!: ;
the income 44,441,7711. 4s. Old. ; so that the pro-
duce exceeded the charge by 7,019,7741. 14s. OW.
The application Of-this -tirElus produe would be 'as