The Sun.
London, England, 1818-02-05 00:00:00

NAVY AND ORDNANCE ESTIMATES.

Sir GEORGE WARHENDER said, that, in intro-
clueing the Navy Estimates, he felt he had Kittle
_to urge in the way of explanation after the able
statement -contained In the Sixth Report of the
Finance .Committee, and he wo:dd confine him-
self to a general reference to the voles of the last
year. The Sixth Report concurred in the: pro-
priety of the number of men voted for the Navy
last year, which was estimated at .19,000, and
thought 'that Ate same number might answer for
the present year. It was found necessary, how-
ever, to call for twenty thousand men, that is,
one thOnsand more than last year. This ang-
mutilation was rendered necessary from the
nature of the establishments at St.
,and the political state of South America. The
'whole of the Estimates for the present year
were for Med after the most mature and tleli-
berate.investigation. -The wages of the men were
necessarily increased front the superior nature of
the employment appropriated for them. . The men
wanted, for instance, were of the higher classes
of able seamen, who May he efficiently distributed
Over the extended sphere to which their sere ices
might he called. The charge of ordnance this
year was necessarily increased, owing to the,pr9-
tion of the men, and the manner in which the
appointments on hoard the ships were made: for
instance, in a 50-gim, ship the number was- re-
duced from 500 to 300. The charge in the Ord-
nance seas, lie had already said, this year in-
creased—the increase wars from four shillings to
seven shillings in the rit;iiiiier ihe calculation was
usually made. He concluded by moving—
., That 20,600 men, inelialimc 6,000 marines, lie voted for
the service of his Majesty's Navy fur the present year.

That a sow out exceeding 611,0601. be voted for the wages
of the said men.

" That a sum not exceeding 5:20,0001. be voted for victual-
ling the said force.
" That a tutu not exceeding 5:10,0001. he toted for wear
and tear ; and 92,0001. for the Ordnance branch."
11)ese several mot ions were agreed to.
STATE OF '1 HE FINANCES.

The CHANCELI.oIt ti the Excnt..QUEl2.---111 ris-
ing to move the l!eatit of certain sums to' pay off
the Exchequer Bilis now outstanding and unpro-
*cd lot., lie said ir wat his in,ention to defer his
financial measures till after t be Easter Recess, and
'hut until then he should abstain Iron) introdUc-
jug, into the Honse any thinK beyond the usual
and ordinary taxes in the mean time Ite thought
it might be "t it that lie should shortly rerapitu•
late the different Acts nrder which tlio,e Exche-
quer BillS had been ksited. Eitly in the last Ses-
sion two Acts were passed, by one of which the
issue of 24,000.0001. of Exchequer Bills 'W•ps
thotised; by the other, a sbnilAr itsne was gtklito-
_ . .•

_ .
ri-rd to tl:e extent of 15,000.000/. 'Under the se-•
rood of these Acts, Bills to the %I-hole arminnt
anihnrised by it had not yet *wren issued, and 1.4.±.
therefore did not intend to siilnnit to ihe House
propo‘binn with the view of providing for the
Ulils issued tinder it till the whole rtniount men-
tioned in it was issued. 'f owrirds the close of ihe

last Session a further grant of 9,000,000/. was
authorised for the services of the current year.—
Besides the ance sums which he bad 110 W men-

tioneil, there tras a of 6,000,000/. now
,rer
qoired to provide for au issue, ExclictLk-T
tivhieh, w7pre still otit.i,:utiiug Hod
implovided for.,, These wire all the Excheritir
Bills flow. ootstandiog,and it .yos v t y -gratlivinc;
that the amount ,vas rouisider-thiv le,s hahaif
been mentioned by hi.: Right ;lon,
C. , jun.), as that which was likely to. he
outst,antlitig; at the beginutine,.of the present ye iv.
Friend stated that 60,G:10 GOO:.
might be ii anio:rto outstanding on'the
unary, 1818;; hut it turned out that there was no,t
above fifty six milions and 4 hi?. certainly ,less
than 57.000.0001. ac:itally ottr-sraoding on the St h
January in the Fresco! year, In J.inuary, 1817.,
the amount outstanding was 41,000;000/
44.,500,000/.3 sliming that thete lad be.en acs
.increase cat the flntiouled Dcht in the last year of
about . 12,000,000/ •it i;d this was the whole
amount of the addition made dug the last year-
to our Debt, ,Ftioded or Unfooded. On.the other
hand,, in the Funded Debt there was a diinitititiott
of about 19,000,000/. So that on the whole, it,-
stead of adding to our debt during the last year
(and a Right lion. Gentleman opposite had, pro-
phesied an addition to it of .27.000,0001.), there
„
was an actual diminution of the Nation:4l Debt to
the Onoirot of 7,000,000/. He stated this as the
lowest stint, proliali:v it might turn out that the
climiuutiOn Was stiil wore consitterable.-,-(Hear,
hear, lir'ar !)-7-1-le concluded by " That
21,000,0001. be. granted to his Majesty to pay off
the Eihclicipier Bilis l-sued under the Act of last
Session now outstanding and,unproviiled for." ,
~Mr. Cußwl.N said he would be exVreniely happy
to find that the result would that the Right
the ,Chancellor of the Excheivier was cot--
reel in stating that there would be so cooiderable
a diminution in the National Debt during the last •
yea'r. But.he must be excused for ob,erving, that,
so far as be could comprehend the accounts befot e
the. Elouse, the tesult was gather different. Ile
adverted particularly to the 'financial state of Ite-
land, and said that the 'produce, of the Irish Re-
venue last year, only 6,000,000/. while. the
amount of tile expenditure was 11,000,00 Q/.
The CLIANCELLOR of IIie.EXCUEQUEtt was fully
persuaded, that if the lion. Gentleman would only
eatefully examine the accounts before the House,
he would see the perfect correctness of the state-
ment which lie (the Chancellor of the Exchequer)
bad made Ile must therefore reromtnend it to
•the Hon. Gentleman to go through attire accounts,
andgrhen he did so, bet was sure he would come
to a different conclusion from that which- belied
now stated.

Mr. neuNEY.—The total sum last year to be
raised by war)! Exchequer Bills, "as 60,000,0001.;
therefore he could not undetstand how it turned
out that less than that sum had been issued or.
required. That a less sum had been revived,
could only be accounted fw in two ways;—richer
the amount of expenditure must have fallen short
oti tie estimates,' to the extent ot 3,0.00.0001.
(which .was the ~om mt•ntioucd by the Chancidlor
of the Exchegnei), or rise there remained some
part of the estimates for last year yet twice pro-
vided for. Then it WA.; s►iid that die Funded
Debt was diminished by 19,009,0001. hut ;'yen
that was only 19,000,0001. in

DOI 11111011 M to wore limo 15,000,00GL. of rooncy•
This etas tvikiAg.for grunted stloentews Of ttie
Right lion. the Chaocetior of the,Exchegiter ;

but t-I.ett the subject came to be more minutely
.diseussed,, it would probably appe.tr, that
reality , the state of our finances was somewhat
less prosperous Own it was no,A. reptesenfed to be
by the Right lion. Gentleman, trio took this op—
portunity of sounding a bugle ua the• flourishing
state of the country.
Mr. C. GRANT, jam.—What lie had last year
Ftatect was, that the utmost p.issible amount or
Exchequer Bills outstamiing at the commence-
ment n( the present year, would tie 60,000,00C1.
and not that it would necessarily 1w •s 0 nmelt.
The CHANCELLOR of the EXCHEQUER; in reply
to the observation of the Right Gentleman
(Mr. 'fierncy) as to the 3,000,0001. yet unissued,
said be must notice that the Right Hon. Gentle-
man bad himself an..,wered it, by saying that 'some
part of the services of 161,7 remained yet to be
provided for. The.balance on the financial ac-
counts was always made, up to. a certain day ; so
that the comparison of the balance of one, year
with another on the given day was perfectly fair,
as showing whether there had been au incre,se
or diminutiOn in one year, when compared with
the preceding,
Mr. TIERNEY wklied to know what was the
amount of the outstanding Exchequer Bills which
had been issued rast year, to make up the deficiency
in the revenue of the preced'ng year ?
The CHANCELLOR of the EXCHEQUF,R replied,
that the amonnt was under a Million-about
800,00 W.
The Resolution was then agreed to. ,

Three r.ther Re<<rutions were then moved ; the one for
granting $3,000,0iK,1., 3:1,1111e pther for granting 18,000,0001.,
to provide for the Exchequer bills kstied under the other
Acts- of the last Session. The, third was for the sum of
6.030,0001., to provide for the outstanding Bilk issued under
the Act of 1816.

Air. Patscoe GRENFELL rose for the purpose of
correcting a mis-statement which had appeared in,
some Public Papers, ot what he had said ye,teldav
respecting Paper Currency. It %vas tenresented
that he had. said, " A. great Ripet. Cuitency is WI,
So far front this, he had expresdy stated,
that he considered a great Paper C..rrency to be it
national good, and that on this pl'ineipie Country
Banks ought to be fostered and e...nviuiraged. -But,
that in'order to render it a safe and pertnai:eat
grad, it ought to be refetrable to some rertaitt
stanriar'd, and that there could be no better stand-
ard for this purpose than gold' or silver. The mis-
stmetnent which be no N thought it necessary to.
notice correct was, he was sure, tivinivn-
tioualOint he was anxious that his opinions upon.
this subject mii;ht be pertectly undo sto:HI.