The Sun.
London, England, 1816-05-28 00:00:00

paid in notes an. ,e Other in Cash.
Mr. 13.vatNO•contended, that the-arrangement
with the Rank accommodated all parties. It tit-
forded greater security to-the titililidond it assist-
tcl the Chas,cetlor• of the Eitchettuer In his Ways
anti Means for the year. On considering the
financial statement of the [tight liod:Oentlemars,
however, he did not perceive ntole eatiSes of sa-
tisfaction of which lionourable Gentlemen had

d th

spoken, He saw a pertnanencexpenditure of up-
wards of 27,000,0001, and a pertnaneut inethde of
only 9,700,0001. MI beyond 'that stilt had' been
borrowed, and would not outlast the year: -it
was even possible, that the amount of the re-
venue might he considerably diminished by the

Failure of some of the hrnocites of which it Was

composed. His principal reason for rising was to
prevent the H►►u;e from being led away ,by any
impression which might be prole by the speech
of the'Riglit HMI. Chancellor of the Exchequer,
that the financial situ:►tion of the country was so
easy, that it could allow mote liberal grants of

public money. •
The CHAP4CRLLOR of the EXCHECCUIR bdgged,
for hit the 50th time, (a kugh), to tell the

Right' Hon, Gentleman opposite, that the present
was not the permanent Peace kastablishrnent. The
situation in which we stood- this year was, that
after paying off heavy balan, es we were able to
reduce the Public Debt to. the 'extent. of übout

3,000,0001. Considering too what, had been done
with respect to the Unfunded Public Debt, and
that in one year it bad been reduced by so large a
sum.as'2o millions, and that there was so large a
surplus as five millions applicable to the service
of the year, he did not think but that some cre-
dit was due to the Treasury. Not that he meant
to arrogate the credit of this to hhowlf. But be
did find it his duty to say, that tioough the exer-
tions of the Secretary of the Treasury, the Assist-
ant.:Seeresary, and of the Commissary in Chief;
several millions of the publie.lmoniq Uad been
saved.

Mr: TtERNEY.---The Right Hon. Gentlernan
opposite said, that for the tifrieth time he stated
that the present was not the permanent Peace
Establishment ; but it was now for about the
50th time that he had to ask the
.Right Hen.
Gentlemen what was the permanent Peace Eva-
hlishment.—(A latoth.)—Would the Right Hon.
Gentleman say, woett,er it was to he one that
would (list 24,000,001. or 23,00(f ,0001. or
22,000,0001. ? He would he meat obliged by au
answer to this. But this he was sere of, that it
was not intended to he below 22.000,0001.
therefore, the observation of his Honodrable
Priem! (Mr. Baring) was most important. How-
ever, the Chancellor of the Exchequer came for-
ward to the House; and.heeause it Appeared from
his statement, that he had been more happy and
mere fortunate in his arrangements than ever a
Chancellor of the Exchequer was before, main-
tained that because we had gut well through
this year, it was an infallible consequence
that we must get well through the next year.
—Yet, notwithstanding all the stntements and
arguments ot the Chancellor ot the Exchetpser ;
although he had patched up the bast exposition
that he could make, by scraping together all the
odds and ends within hiv reach—(a laugh) be
'(Mr. T.) did not hesitate to say, that the pro.
apect of the country was most frighttel) anti that
its state was every thing rather than prosperous.
The Right lion. Gentlemen knew very well that
it was impossible to take the amount ot the Con-
solidated Fund at what be had stated it ; and yet
be bad argued very cautiously about it', by saying
that the amount of its future produce was a mat-
ter of opinion ; and although he had not ventured
to say that it was, probable it would rise, yet be
had taken it at 3,000,0001. Now, the House
must allow that Such statements were quite inad-
missible. Ai to The produce of the taxes too, for
the present year, there was a tallacy, as the State-
;ment for 1816 included the produce of the mass of
taxes imposed in 1815. 'But-for 'the purpose Of a
fair comparison between the.produce Of the two
last years, it was necessary to deduct the amount of
the proiluce of the two last years, it was necessary
to deduct the Antonia of the produce of the new
taxes. With This view he (Mr ,T.) had meta for the
production of papers which would have shewn the
real amount of the taxes imposed last year, but
he had only succeeded gettinlethe parrs rtlats
ink to the Excise up to April 1816. The result
of this paper wits as tollows he auMent of the
produce of the Excise for 1816, was 37;483,0001.
and up to the Mlle date in 1815, it had been
39,439,0001. ; and of the amount of that for
1816, no less a suns than. 900,0001. produced by
the new ,taxes of last year, which included
only the Excise up to the 'April quarter, in thi!
current year. The produce of the new .Staino
Duties, up to April this year, he had not gm, as
the account presented to the lrionte oily brought
the statement up to January. Then as to the
sinkiug Fund, lie could prove, that so far from
the statement of the Right Hon. Gentleman being
founded on fact, there was an actual falling oil
in that Fund of 167,0004 He wotdd then take
the War Taxes. The amount of the produce of
the Customs and Excise, fur the year ending sth
April, 1815, was 9,930,0001.; and up to the same
slate, in 1816, 9,481,0001.; and, upon the whole
comparing produce of the twoiyears, there was, in
fact, a deficiency of the revenue for 1816, below
that of 1815, of 638,0001. Yet, with all these
facts, the Right Hots. Gentleman came down to
going,tsoi
nhapyeo tioi iisetoiticuijoolsiinteet:natitvoirtaayials
Isteltiti;tal,tiletilteeeottmi
tßypeoili:guivtihraoetsnd H
on entirelyooto not possible
eaorkeyenta fallacious. t
sensibletlflourishnorunlbt
In
possible for the
produce ot the revenue to keep up. But what
could be thought when taxes were kept up, -which
it haul-never been calculated would., be imposed
during peace ii It was a comPle'tedeltision to say
that there would be a surplus of 3,000,0001. in the
ensuing year—nay, be was convinced the Right
Hon. Gentleman thought sn too. To be sure, -it
served the purpose of the Right Han.' Gentleman
to say so, because it might enahle him to Obtain
his loan from the Bank at a more reasonable rate*,
and no doubt he would calculate on, that loan to
enable him to make up the deficiency„ instead of
the surplus of which he talked. In the Excise
there seas, as he had shewn, a great falling off, 49(1
this was the most alarming branch in which any