The Sun.
London, England, 1821-06-30 00:00:00

FR ENCII FUNDS.'

June 24, Five per Cents. r• 1 - 1311144 c.
Bank stock 15543 f. f+o c.

In the CrOtnnittee on the Appropriation Bill,
in the House of Commonslast night, Mr. UnmE
said, he-hoped GoVernment would abandon the
prattice Of Purchasing foreign Wood, for building
our ships ; we had plenty of wood in this country
as fit for that purpose as any that could be pro-
cured from the Adriatic." We apprehend that'
thiS expression of the lion. M.ember's wishes is
not quite. Consistent with his favourite notions of
economN, and that the purchase of British timber
for ship building would be found much more expen-
sive to the country than the manner of obtaining
the supplies Which is now acted upon. There are,
however, certainty many. other considerations,
beSides that of economy, which might to be duly
weighed in deciding upon :r question of this
kind; 7-Amongst these are, the increased circula-
tion which might thus be given to the internal
wealth 'or the country—the stimulus to home pro-
duction—and the policy of 'encouraging the re-
gular supply •of an artiee, of so much importance-

to our power and even our safety, of our own
growth, altogether independent of foreigners.—
We shall make it our business to make some exten-
sive inquiries relatii.P to this subject; and may one
day return to its consideration. They are points of
view kern which Mr. JosrPit HIT ME very ldom
surveys anrof the multifaiqous affairs to whic e
turns his attention. We know not by what ac-
cident he has fallen from his usual perch, and is
found, for once, upon the liberal and enlightened
side of a question.

- -In our Paper of yesterday we inserted an arti-
cle from a Correspondent, entitled "A Proposal
to Relieve the Distresses of the Country," which
has excited the favourable notice aof another Cor-
respondent, to whose communication, signed
" ANGLICANUS," We give a place this day. The
plan of • relief recommended by these intelligent
.writers is, that several of the taxes most oppres-
sye upon the industry and enterprise of the
Country Should be repealed, and that new taaes,
amounting to snore than an equivalent for the
taxes so proposed to be repealed, should be im-
posed, II
posed upon Lands and Houses, upon Occupiers,
upon the professions of Law. Medicine, and
Surgery, and upon the Bri:i.sh Fundholders. Thel
taxes proposed to be -abolished, besides that on
Agricultural Horses, are, those upon Salt, Tea.ll,
and Coals, the Shop Tax, and three-fourths of
the duty upon Foreign Wines. These proposi-
' Lions deserve serious consideration.—We will
venture to lay it down as a principle that the
pressure of taxation ought to vary—tO be in-
creased in some quarters and relieved in others—
according to the alternate.elevation or depression
of the great branches of the national interests,
which occur • in their perpetual involutions.
Though necessity may sometimes have compelled
Govermnent to act upon this principle—that is,
though the falling off of a particular tax, or the
irresistible opposition of persons interested in its
repeal (sts'svas the case with the late PrOperty
Tax). may have compelled its abolition, yet. we
believe such an occurrence has rarely prdceeded
from an accurate observation of the changes
which are always taking -place in the various in.-,
terests of the nation, and from a wise.foresight of
the prospective consequences to which those
changes are calculated to give rise. Thus, at a
time when the value of laud was rapidly rising,
and. when the pursuit of roriculture was highly,
profitable, it would have been judicious policy
sto have imposed the chief -.weight of taxation
directly upon land, and upon the implements or
produce of husbandry, and to have relieved ,the
pressure upon such other property or pursuits as
were either sinking'or remained nearly . station-
ary. Of the latter description were property in
the Foods, and•someof the branches-of Manu-
factures. While the expence of living was dou-
bled, the.income of the public annuitant remain-
ed stationary, and he WAS therefore clearly not
a fit object of additional direct taxation. The
relative situation of the different classes of the
people, however, is new 'very different from
what it was some time since. By tire reduction of
the Currency, and other causes, particularly the
vast additions made to our psoductive powersithe
value of land, of agricultural produce, and of
the returns from manufactures, commerce, and
even the retail trade, has been immensely de-
predated ; While the real value of funded pro-
perty has been enhanced not less, 'perhaps, than
25 per cent. Let us apply- the principle, with.
I •
I the knowledge of the facts to which we have
briefly alluded, to the propositions of our Cor-
respondents, and we shall find that the pressure
of taxation, not only upon the Farmer, but even
Upon the Land-owner, as well as upon the Ma-
nufacturer, Merchant, end Shopkeeper, ought,
if possible, to be relieved, and transferred in some
measure to the Fun4:halder. Our Correspon-
dents, however, are not perhaps aware, that the
, tax of one per cent. or one and a half per cent.,
which they have proposed, (in order to be pro-
! ductive of .8 or 12 millions), wonjd have to be
imposed upon the capital, not the income of the
Fundholder. Thus an annual -tax of one per
cent. upon a hundred pounds stock, supposing
the funds to yield 4 per cent. would be a tax of
twenty-five par cent. upon the annual income of
the fundholder ; and a tax of per cent. upon
the stock would 'amount to 37f per cent. upon
the income!—This is clearly a very excessive, if
not a monstrous proposition ; and is neither more
nor leis than proposing that from one-fourth to
above one-third of the poblic debt ahoold be at
once extinguished !—So far as a tax of three or
five per cent. upon the dividends would be a re-
lief to the productive classes, we think it advis-
able ; and we feel assured that it Would neither.
shake public credit nor be: deemed unjust even-
by the fundholder himself.-e--The proposals to
take off the Shop Toe, and to,impose a new tax
upon the learned profe.ssions, are inconsistent

with each other. We should be glad to see the
shopkeeper relieved ; but we should be sorry
to.see any additional difficulties thrown in the
way of persons 'who at present find obste,rles
enough opposed to the successful exercise of
their talents. If th rofesden- which have
been pointed out w 1 st now unusually 'pro-
fitable—if the number of Gentlemen exercising
them were too limited—and_ if there were an
eager competition amongst the sons of respect-
able families to enter into their practice--those
professions might be fit subjects of taxatiou.—As
the reverse of this, however, is the case, it would
seem to be sound policy to offer inducements
to well-educated and respectable men to adopt
professions, the just and honourable discharge of
whose duties is of so much importance to the
community at large, rather than to hold out dis-
couragements
to them, for the sake of raising the
paltry sum of 150,0001. per annum.—Every
well-wisher to the prosperity of the Country
must be desirous of the abolition of the taxes
upon Salt and Coals."—The policy of repealing
the duties upon Tea and Foreign Wines is, in
our humble judgment, by no means so obvious.

A letter from Plymouth contains the foliouing
passage, which, if correct, is of considerab
portance

" PLYMOUTH, JUNE '24.-13y an arrival from the Havannah , [
the affairs of the Patriots are by no moans in that flourishing
state in-which the interested- would wish to make them appear
Lord Cochrane has raisti the blockade of Callao, and Genet,
San Martin is retrograding."

ELECTION OF SHERIFFS.
FIFTH DA7'c.-011 the close of the Po:1 yes-
terday the numbers were, for=
Alderman Garratt
• Alderman Vetablcs
• Mr. Crook -

149
.1t74
395

It is with much satisfaction we are enabled to
state, upon the authority of an intelligent Gen
tiernan, who has reached England by one of the •
latest arrivals from Jamaica, that, there has been
no-rising cf Negrnes on that Island. He states:
that it is a fact that-. a Negro had conducted
himself in a turbulent manner ou a coffee planta-
tion in the Port Royal mountains, .which induced
the owner of the, plantation to send him to King- ,
ston to be punished, but on his examination be'
fore the Magistrates, no disclosures of the alarm'
•ing character alleged were brought against }do/
and there can be, therefore, no ground for the
apprehensions created on this account. We
learn from the same source, that several letters
reached Kingston from Lima of a recent date;
but the Independents had not effected the re-
duction cI that iniportant 'Place, either by fa-
mine or' by invasion. such an event was rather,,
wishc-d for 'in Jabaica, as it.wonlfi. open" a 0"
siderabie trade, which, under existing circual'
stances, was Cut ofl altogether by the activity ef
the insurgent privateers, and the blockade bf
the squadron of Lord Cocur.AN-z.—(Morfzifig
Chronicle.) •
The Times, this, day, renews its complaint,
that the Government Advertisements have be,6l
withdrawn from it, and upon DRYDEN' pot"
ciple, that

" Politicians neither love nor hate,"
it 'is 'rather strange that such' 'a measure 1135
been adopted ; hut it is still. more . strange
in The Times to expect to receive any ;a,
your from. those those whom it has long bee!;;
and is, in the constant %iabit of abusing
the grossest terms. The possession of Gover°,t;
ment Advertisements could only be desirable ic
The Times upon the mere ground of "
lucre," which is notoriously the chief object °!:
that 'paper on all occasions ; but it is bene4t
the dignity of Government to •show its r(Vfl!:
merit in such a manner. indeed, as the Filbil`;
money is employed on the occasion, it is pc°,Pe,,
that official, advertisements Should be sent
out distinction of party, In order the more e-steil:
siyely and speedily to promote the public interest
Upon this principle, all persons who are entrosteof
with the concerns of others, for rce purpose it
attracting public attention, ongit to deero g
their duty to give full publicity to the objects
consigned to their care, as most newspapers b 3
their own class of Readers, who may 1)0
liarly interested in such objects, which Tp.te,,l,
escape the notice of casual and.general curio=
Yesterday the Earl
,of LlvettPoor„ had le
audience of the KING, at his Palace in
The Duke of YouK visited the KING ye
terday. la
•Yesterday the Duchess of CLARENCE rode T,
Kensington, on a visit to the Duchess of hlet
The Royal Duchesses after:ye. r.ls rode ou t tog,,ete%
in an open carriage, over Battersea Sridge,
baHisll Bridge, 4c.
Highness Prince METTFANiCtI, son (' pi°
Serene Highness the Minister of State e!pow'
Court of Vienna, has set Out on his way to the
'don, for the purpose of being present ot
Coronation. bo'e
A great number of the Royal serYan''foess
received orders to hold thentse,lves in reau'
• to lTe
to proceed to Dublin forthwith, in order yrbel
ready for the reception of his MA/ESTI%
are to take with them betl7een twenty an" we'll
beautiful horses; and Monday 'next ii!;sl.ward•
named as the day on which they will set 1%0.0
The Duke of DEYONiIiTRE, it is said'
' -
visiting Ireland, in the suite of his Al-
with a most princely retinue. le notion
POPULAR Etinon.—There is al
thatthe flesh of the pigeon is pecol-ar infla or
near Le we'/
matory food. A medical practitioner
'to decide a bet of ten guineas to seven/
ntle'
wOrthy —e
had 'made with a neighbour:ng -ge°ri
to eat a pt_
man of the quorum, engaged
fThe• birds
day for thirty successive days. I
I up in regii A,
provided' and accordingly serve(
d two days, 11""
succession for the four weeks an
s picked the bones of the last were. •
those of the arst 1!!
which he