Star.
London, England, 1807-04-25 00:00:00

FINANCES.

It appeared from Lord SIDMOUTH'S Cpeech in the
Houfe of Lords on Thurfday lafl, the 23d of April,
that the annual produce oldie taxes propofed by his
Lordthip in 1802 has been four millions eight hun
dred thoufand pounds.
That this fum exceeded by one million five hundred
thoufand pounds the rum wanting fur the interefl of
ninety-fevrn millions then funded, and that the excels
(which it was intended to apply towards defraying
the expenfe of the increafed peace eilatAiihment,) was
more than equal to the whlle charge of the at my,
previous to the hilt war.

That the War Taxes propofed by Lord Samson-TIT
dui ing the firll year of the prefent war, now produced
fourteen millions within the year; a furn, which with
t.re aid of the old annual taxes, of the furplus of the
confnlidated fund, and of a loan of ten minims,
would, upon a fair ellimate, have been fully fufficient
to provide for the fcale of expence adopted in the
two &ft years of the war; and the confequence
would have been that, at an early period, the war
would have been carried on with a diminithing, in-
(lead of an increafing debt.
That the aa ual increafe of the War Expences,
independently of fubfidies, during the laft Admini.
at at ion of Mr. PITT, was not lefs than (even millions ;
and that the addition to the war taxes during that
period, was one million, one hundred thoufand
pound.. That towards providing for this increafed
expenditure, Lord GRENVILLE, inflead of recurring
to the fyllem of loans, had added fix millions to the
{ war taxes.

That this mode, wife and •igorous as it undoubt-
edly was, of providing for the ine.eqfid expenditure,
had fo ingroffed and exhaufled the taxable means of
the country, as to render it indifpenfably neceffary to
refort to a new fp (km ; and he laid, that as it appeared
to him, the meafure of Lord GRENVILLE, founded en
the principle of a revolving feries, and on the mate-
rials afforded by the war taxes and the Sinking Fund,
was the bell expedient that, under the prefent circum.
(lances, it was poflible to adopt, for the purpofe of
enabling the country to furnifh the neceffary pecu-
niary means of maintaining the come(' as long as its
continuance fhould be called for by a juft regard for
its honour or fecurity flat, however, he regretted
that, in confequence of the increafed expenditure to
which he had adverted, a fyflem had been defeated,
which, it mull be admitted, would have been far pre-
ferable, inafmuch as it would not have occationed the
necellity of doubling the property tax, or of continu-
ing the war taxes after the return of peace.
We have thus Elated, and we truft with accuracy,
Come material points in the Noble Vircount's fpeech,
which appeared to make a ftrong impreffion oa the
Houk, but of which no toned account has appeared
in any of the public papers.

It appears by New York papers to the 16th ult.
and Philadelphia papers to the 19th, that there is
every reafon to believe the Treaty tranfmitted from
this Country, will be fubmitted to the Senate for its
opinion.
If we :.re to judge of the fate of the public mind
in America, by what appears in the Gazettes, a very
eneral diffatisfailion prevails, on account of Mr.
Jrvyeason's premature opinion on the Treaty with
this Country. Some of his literary champions endea•
your to excuft this " precipitate declaration," fo they
denominate it, by am ibating it to imperfat infor-
mation, and the irritation arifing from praline of
hotlines." There is little doubt, we think, that the
preiident will be obliged to concede to the prevailing
fcntiment of the American people, and lay the treaty
hefmc his Conaitutional advifers, the Senate of the
United States. From the accounts of the Treaty
ptiblilhed in the American papers, there is little ap-
prehenfion of its Wag rejeded. Of twenty-five ar-
ticles of which it confab, twentrthrce are raid to be
' unexceptionable.