The Sun.
London, England, 1820-06-20 00:00:00

TlTEUrr',l7,l*.

On the motion of the CH AscEttnit of 11'P
cunanErt, the House resolved i,self a second time
into a Committee of Ways and Means.
The CHANCELLOR of the Excnro.oEtt rose (but
the agitation of the House not having subsided,
and the Right Hon. Centleman speaking in xn
onusoally low tone, little more than onconnect-
ed anti detached portions of his speech were
a►idible in the gallery.) The Hight Hon. Gen-
tleman observed, it would now be necessary for
him to enter into a statement of our expenditure
and revenue darting the last year, And to com-
pare it with the anticipated one of the present
year, to -thew how tar the system adopted last
year had proved efficacious. Atter having done
so, he should proceed to make a few general ob-
servations. With respect to the last year, the
grant 'for the Army was 8,7t'.3.0001. 'the
grant was exceeded by tl►e expenditure, which
was 9,450,0001.; the excels of expeinli-
lure arose out of the unsettled state of the
country, and the consequent inct ease of the
Army. The grant for the Navy last year was
6.436,0001. ; this year it was 6,586.0001. In
the Ordnance there was also an increase. The
Hon. Gent. proceeded to state other items,
but the noise rendered him inaudible. On the
whole, lie Was midetstood to say, the excess re-
quired for the public service this year, over the
last, amounted to 240 01)01.; the sum voted last
year being 20,480,0001. and that required. this
year being 20,720,0001. In the coarse of the
yea.r 1819, ten millions and a half of onfondeti
debt was provided tor. During the present year,
it was proposed to pay off 9,000,0001. of floating
debt. The total stow to he rased this. year was
29,700,0001. of which 9,000,0001., as he before
stated, uai ►o he applied to !he tedoction of fin•
funded debt, and 20,700,00 W. to the service of
the year. ' To provide this sum he should first
State,
• The Annual Malt Tax, at
The Esciie zinc! Customs
The Lottery
Old Store,

/3,000,000
2,500.0,10
1.40.000
360,000

Tut a I.— ... 1.(3,000,0,)0

In this calculation he had raicen the second item
at 1.000,001. less than it was last year, though
he was happy to say, that on the average the Ex-
cise-Duties stood as high in produce as in any for-
mer year. The Right 1-lon. Gentleman proceeded
to explain why, under these circiunstauces, he
estimated the produce for the present year at
1,000,0001. less but the contusion in the House
pi everted our heating hit, e%planation.—The Right
Hon. Gentleman proceeded. The above, which he
would call the 'wady money, amounted to
L6,00n pOO
Add the first. Loa!) of 5,0,10,000

The stem rai.vd by Excherper 80t5...... 7,000,000
Lotsti tt) 11e taken froth the Sulking Fund.., 12,000,000

hlalcing a Total of
To cover an Expenditure of 23,700,000

Surplus
The Right lionostrable Gentleman then pro-
ceeded to defend his system of borrowing horn
the Sioking Fond. He contended, that on the
sth of July otaxt, the Sinking Fund would am onnt
to 17,000,0001. ; front which, if 12,000,0001.
were, now borrowed, it would be reduced to
5,000,0001 ; and this sum would still be in
operation. The House would, no doubt, he
anxious to hear something on the state of the
expenditure of the country, and to learn to what
extent our income tell short, or exceeded that
expenditure. It was most setisfactmy to him to
state, that, even under all the difficulties of the
year 1819, our income exceeded our expendi-
ture near 2,000,000/. The actual amount of re-
venue being. 52,552,00 Q/. and the Public Debt
had absolutely been reduced last year 1,000,000/.
The new taxes, it would be recollected, did not
come actually into operation till the 5111 of July,
and the amount of receipt was not 500,0001. ; but,
during the present year, they would come into toll
play ; and he trusted there would th;s year be au
excess of isscome of 3,000,0001., and that no
Loan would be required next year ; if such should
be the ease, en excess of 3,000,0001. employed
in the Foods, and no Loan, would have a great
effect on the money market, The Right Hon.
Gentleman here entered into an explanation of
his reason for not taking the whole sum of
17,000,0001. this year from the Sinking Fund,
instead of taking only 12,000,0001 and a Loan
of 5000,0001. ; but here, as in many other parts
of his statement, lie was wholly inaudible in the
Gallery, and we loom' it impossible to follow
him ; and after some further observations, he con-
cluded by moviug a Resolution '' for borrowing
1`,000,0001. from the Sinking Fund, by way of
Loan," observing, hie should reserve himself to
answer the observations of any Gentleman who
might follow hilts.
In answer to a remark from Mr. BARING.
The CHANCELLOR of the EXCHEQUER said, that
the surplus on the Consolidated Fund for the three
last quarters had been 1;800,0001.
Mr. Home was desirous of learning, how the
amount of the French contributions had been dis-
posed ot.
The CHANCELLOR of the EXCHEQUER said, that
in his estimate. of the value of the French contri-
butions, the Hon. Member lord mistaken two mil-
lions of francs for 2 millions sterling.—(A laugh.)
Mr. GRENFELL observed,/ that no account had
been given of the way its which the footling of
14,000,000 Exchequer Bills was to be provided
for. The surplus of the Revenue must be dimi-
nished by the amount of the Loan to he raised.
The CIIANCELLOR Of the EXCHEQUER staled,
that the Loan was to be provided for by cancel-
ling stock equal to the amount. By the Act of
1813 the stock in the bands of the Commissioners
was to be applied to the reduction of the National
Debt, and 116,000,000 sterling wankd remain in
the hands of the Commissioners after the Loan
had been provided for ; there would also be
2,000,000 for any Loan that might be contracted
next year.
Mr. GRENPELL contended, that there wtts a de-
ficiency of seven or eight millions quarerly on the
Consolidated Fund, and that the dividends could
' not be paid, but at the will and pleasure ot the
Bank. It was tint proper that Government should
depend on a Corporation for six or seven millions
frarterly ; nor could the Chancellor of the Exebe-
Tier, while that was the case„ be as independent
in his transactions with such a Body as the public

service required. The sum for the reduction or
the debt was nominal, and only made the system
more complicate ; nor could public credit be sus-
tained in that way.
Mr. •J. SmiTta concurred in the observations of
his lion. Friend, and was of opinion that there
was no real diminution of the Public Debt. All
the hopes held out by the Chancellor of the Ex-
chequer had been disappointed, and while the ex-
penditure had increased the tevenue had diminish-
ed ; and the credit of the country was regarded
with suspicion. In the time of the late war, the
British funds had been looked upon as the asylum of
the property of all Europe. A total change of sys-
tem was wanted, and especially with regard to Ex-
chever Bilk. lie was aware that much conk!, not
be dime in the case of the Irish revenue. A large
sum was due from Austria, and as the finances of
that country had improved, some application
should be made on that subject. Government had
been uselessly extravagant, and in that censure
the Met:)e( s of that House must be included, fur
not having i.aid due attention to the public ex-
penditure. A Governor of Trinidad, who had
served only lice years, had received a pension of
5501. a year. In all these matters there was a ge-
neral apathy in the House. Revolutions had been
commonly caused by financial embarrassment, and
unless a new system should he adopted in this
Co,intry, a day of deep distress was not tar dis-
tant.

Mr. RICARDO said, that the Sinking Fund had
been stated at a but there was really no
Sinking Fund at ail; and there was the sum of
1,125,0001. against the Right Hon. Gentleman.
He agreed with his Hoe. Friend (Mr. Grenfell)
that the Consolidated Fund could only pay the
arrears of tie last quarters, and that there was no
surplus. From January, 1819, to January, 1820,
the diminution on the Untusided Debt had been
only 2,000,0001., while at the same time there
had been an increase of 2,000,0001. on the Funded
Debt. The Loan had been made partly in the 3,
and partly in the 5 per Cents., but he augured no
good result from the plan.
After a few words from the CHANCELLOR of
the EXCHEQUER and Mr. J. MARTIN, Mr. 3.
SMITH said, that he had uoderstood the Chat►-
cellur of the Exchequer to have mentioned oo
a tormer evening, that there would he a retitle-
tino of the Unfunded Debt to the extent of
10,500,0001.
The CHANCELLOR of the EXCHEQURR admitted
that he had stated some probability of such a re-
duction taking place, but a negociatiun to that
etfect had not succeeded.
Mr. Hume said, he was fully aware that the
amount of the French contribution was only
280,000 i. Instead of a surplus of two or three
millions, as had been stated by the Right Hon.
Get►t!entan, there was, in fact, a deficiency of
1,300,0001. ; and, even on his own sbewing, there
was a deficiency of 750,0001.
Mr. Maneuey observed, that the Chancellor of
the Exchequer had last year told the House, that
though for tt.e three former years the plans of
Finance had been temporary, the one then pro-
cit►ced was to be permanent. He had also stated
that there was an efficient Sinkiag Fund of
5,000,0001. He bad also truly observed, that the
honour of the country was bound up with the
Consolidated Fund. But the Executive had been
obliged to borrow from the Bank 7,500,0001. on
account of the deficiency in the April and the July
quarters,' and the whole deficiency had amounted
to 9,800,0001. The real Sinking Fund was only
from 200,00 W. to 300,0001. He admitted that
the present Budget was one of the fairest be had
beaul ft am the Right Hon. Gentleman. The
amount of the National Debt -was 848,000,0001.
anti it at the end of a six years peaCe no steps had
beets taken to provide against a state of war, he
knew not when any steps could be taken ; nothing
but a Property Tax could be efficient for that pur-
pose, and at the same time souse of- the taxes
should be taken off that pressed most heavily on
the lower orders.
The CHANCELLOR of the EXCHEQUER concurred
its much of what had fallen Irons the Honourable
Gentleman. The country was not as yet in that
situation that made a Property-tax necessary. If
ever such a measure should become necessary, it
ought to be upon the same broad scale as during
the late war. •An efficient Sinking Fund could
only be created by the income exceeding the ex-
penditure. In ti►e present year the sum of
5,000,0001. would be applied to the reduction of
the National Debt ; 4,500,0001. for Great Britain
mud Ireland.
Alderman HEYGATS was of opinion that the
Bank could not refuse to advance money for the
payment of the dividends ; and hoped that the
system of loans from year to year would be done
away. He was surprised that the diminution of
the circulating medium had not attracted more
attention in that House. Its the course of the
year the c►rculation of Batik of England notes
had been lessened to the amount of tour millions,
and that of Country Banks to the extent of live
millions ; making, its all, a sum of nine millions,
that had been withdrawn from the circulation of
the country. Much of the existing distress.had
arisen from that cause. As the Mint and the
Market•price of the precious metals was the same,
there could be no necessity for any further dimi-
nution of the circulating medium.
Mr. HUSKISSON adhered to all the opinions he
had formerly expressed on the subject of finance
in that House ; while, at the same time, he wish-
ed that the Sinking Fund was in a more efficient
state, and that at the close of the year there would
he a surplus, and not a diminution. lu a few
years, lie trusted that from the continuance of
peace the Sinking Fund would be five millions. ,
Sir J.Yoexe would recommend to his Right
Houourable Friend, who had just sat down, never
to write a book ; and to his other Right lion.
Friend, never to move Resolutions. They had
boil► passel the Rubicon, and were then on the
Treasury bench, without a single vestige of their
loru►er principles.
The different Resolutions were then agreed to,
and the Report ordered to be received ro-tnorrow.
Mr. BaunDlite brought up the Report of the
Committee of Supply ; when the Resolution re-
gardieg the Barrack Del►artu►tnt was ordered to
be taken into further consideration on Friday.
Mr. J. SMITH objected to the grant for the Pe-
nite►►tiary at Millbatik.

Mr. lloLFottn. vindicated the propriety of the
grant. _ - _

Mr. LOCKHART felt great disposition to oppose
this extravagant grant.
Mr. Hums believed, that the estimate of the
Penitentiary did not amount to above one halt of,
the real expense. It was also to have been con-
ducted at a moderate expense, which it was ex-
pected would he covered by the amount raise!'
trom the labour of the prisoners. But as tl►e
building was not completvni, he trusted they
world not stop until the whole was finished,
and till they saw the result of the whole expe-
riment.

Sir J. YORKE thought they should try the ex:-
peritnenc in one part of the building, before they
proceeded to tin expense in the whole of 5 of
600,0001.

Mr. l'imups feared, that the expense of Oil,
building would prevent the erection of similar
prisons on a more economical scale.
Mr. Alderman HEYGATR trusted that in. the
present state of the country Government would
be cautions how they embarked in such public
works; he particularly adverted to the new Post
Office, which would cost tire country half a
lion of money before it could be completed.
The Resolution was then agreed to, without a
division.

Mr. LOCKHART, still adverting to the preceding
grant, contended that the conduct of Parliament,
in wasting tl►e precious resources of the Country,
would produce a dislike in the people to the Con-
stitution ; and eventually destroy credit, and the
means o.f payi►t^ taxes,
_

Mr. HoLvoßn said, the expences for maintain-
ing,the convicts would amount to no more than 301.
a man.

bir J. Yorms complained of the enormous
charge for printing, which amounted to 100,0001.
a year, to which the Hon. Member for Aberdeen
contributed, by frequent motions for printing Pa-
pers, and yet he was constantly talking of eco-
nom y.
Mr. HUME said, if the accounts were in a less
complex form much p►loting would not be neces-.
saiy; but as it was, the printing of the Papers
produced a great saving : it ►vas like giving a sprat
to catch a larger fish.
Mr. Hume, on the grant to the American Loy..
alists, wished to know whether any allowance we,
to be made to those persons for arrears due to
them. They had been promised from year to 'yeas
compensation for their losses.
Tbe CHANCELLOK of the EXCHEQUER said, 'hi*
was one of the cases in which losses by war could
not ,veil be compensated, without opening a door
for other claimants.

Mr. COURTANAY said the faith of Parliament
was pledged to do justice to those individuals, anti
from an examination of all the documents, he felt
that those persons had a case and claim distinct
from all others ; and he hoped that the Govern-
ment would not hinder their &rims from being
submitted to a Committee for inquiry.
Mr. W. SMITH (lid not think that a ease could
exist with a strauger claim on his Majesty.*
Government. It had existed for 30 years, until
many of the claimants had died of broken hearts-
All Administrations, from Lord Shelburne's to
the present day, had admitted the justice of their
claims ; which he did not think were destroyed
by accepting a sum for a time, until their claim,
could be adjudged.

Mr. LOCKHART said it was the British Mer-
chants trading to America, who had accepted
sum of 600,0.001. for a compensation of their
claims, And not the American Loyalists.
Mr. NV. SMITH said, it was certainly a fact doll
the:A tnerician Loyalists received a sum of 100,0001'
for their reduced claims.

Me rest of the Resohi: ions were then agreed
Me Report of the Marriage Act Amendment Bill. 04"
ordered to be received on Monday.
The Mines Property Bill went through a Committee, an
was ordered to be reported to-morrow.
The Population lull was read a second time, and ordered t 49
be committed to-morrow.
Mr. LUSHINGTON obtained leave to bring in a tf
continue the Inland Coal Duty.
Mr. GOULBURN obtained leave to bring in a Bill to Pe.';
mit. the importation of Foreign Coffee into Bridgetown
Darb adoe,. it
Mr. BROGDEN obtained leave to bring in a Bill to perk
the removal of Negro Slaves from. the Bahamas to Demer3' ~
The Greenland Fisheries Bill was read a second time,
ap
ordered to be committed. on Friday next. ire
Mr. J. BENNET obtained leave to bring in a Bill t°►
crease the power of Magistrates in the appointment of Spec►
Constables.
Mr. HUSKISSON moved for leave to bring in a Bill to e'so-1
tend the New Street Act, and to give a further periodeihit
three years to make good the purchases. Under the, pre' ltis
Act, a snm of 600,0001. was allowed ; but to completel
desirable improvement, a farther sum of 200,0001. Wool'
necessary, half of which would be advanced this year,
to
repaid out of the Land Revenue.
Mr. LOCKHART wished to know whether there was rola
chance of this SUM being repaid to the Politic. He aot'
never known an architect who did not give in an estimate
half less than the real expellee. 'tli°
Mr. I-lUSKISSON said, the ground-rent would be pa'
the Land Revenue.
Mr. WILSON thought this suns, as well as that of the_igts:
Post Office, should be put off till the Country was in a'
more able to bear the exik.nce.
The House then gave leave to bving in the Bill. ost'
Mr. HUME, in the absence of Sir leaneis Bordettt !.:099
potted the Motion respecting the Manchester Ittgit",oll
from the 22d inst, to the 4th of July. He also Pol-sit°
a Medion respecting-the collection of the Revenue, t!
25th instant.
ihiecoutslei cardOrdjoureirlse
do of
tt
ilf)-apyaswt•eNrei
nteh,e, wen
idoicsr se' ft liftj.'
th'er

The public thoroughfares of the Royal *fest"
Charing Cross, have been completety elose",o
order of the Government ; and VrlCSLaa(as
is not intended to open them to the ptibliC !6
No person will henceforth be admitted with
gates gates except on business.—(Morning

...1217........."..' a.......... ...............- _...-
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BIRTH. Ni4r,
On Sunday, Mit inst. at the Rectory Bowe. F.,
Hampton, Gloucestershire, the Lady of the Itev'
_.,,,
Hohne,ll.l). of a daughter.
—.---•""..-

-- - -- • -
____ ____________—..—•----------- . a
MA I: RI El). 0
evel #0
This morning, at St. Nlin-;;.o ct's Church, by th e }l cboo.
Tho%.,kiiiis.),,, F4..114v a paint .John's, cambridgeAary,. -,
Gorduri, Esq. of Ilnrlington-street, to Eleanor 'ue„stfe0
only datiglittr of Nathaniel Atcheson, Esq. of "
Westminster.
--- ----- •
DIED. I 'rj2 la Pi"o'
On Monday, the i 211) inst. Brevet Majo: Ai Ch' -a'
lair, of the Royal Nlai Ines. ....--- t
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