Star.
London, England, 1815-06-15 00:00:00

Stocks, and be proposed that a larger sum should be
raised en the tour per Cents. • Upon considerasim
his Majesty% GovernmentAsubmitted fo the option
rs
of the Subscribe to told slil3o three per Cents. Re-
'cluced, for -every £lOO sobeiribed. Mat was not
a little singular was dui, that the mistime/eh or tather
tvescivonv, proposed by the Thasury, was the same as
proposed by four different calculators. 'viz. 44. per
Cent. in Bank Annuities. The bonus was estimated
by him (the Chancellor of the Eichequer) and it was
agreed that the SO should be taken at 544. Upon
this bargain the Contractors would receive a bonus of
2s. per Cent. It would be been trom this state-
ment, that the bargain was a good one, and he hoped
it would not turn out unusually unfavourable to the
Subscribers. The Honourable Gentleman then stated
that the produce of the Revenue for the last year was
(taking a disposable surplus of £1t3,536,000) total
of £38,702,000, to which was to be added the War
T.ixes aC2,706.000, making in the whole .1:11,4•08,(XX).
From this slim was to be deduCted £37,58800,
which would leave a surplus of £5,890,000. The
whole amount of the War Taxes in the last year,
adding the estimated produce of the Property Tax
for the present, was £32,9'25,000. From this sum
was to be &ducted, to complete certain grams, &e.
rit10,711,000, leaving, as he hid before stated, a sum
of £22,213,000, applicable to the service of the pre-
sent year. He should propose, on a future day, a
grant of that sum. In 1813, the Revenue produced
sixty millions. Last April, the total produce was
,C6S,S;i4,(XX), being an increase of nearly six milliorls.
The charges of the Loan on the five per Cents.
for interest, £1,06),000; on the Sinking Fond,
£331,000, making a total charge of ,C1,z;')7,000.

- - .
1 he charges of' the Loan contracted this day
would be, tor intet,ist ' - £1,527,080
01. the hiultios Fond • . - - 758,700
----

Total charges, ,E 2, 291,700
the Total of the Loans of the present year would be £70,448,0f*
the interest on the Funds - • 2,197,0,0
On the Sinking Fuud • ,090,00 u

Whole total of the charges, Xsfi39,ooo
A much larger amount of Stock, he observed, had
been received into the market this year. In 179:3,
the Limn was raised at a ch.trge to the Public of
£l. 14s. 6.1. per Cent. At the end of 1797, in con-
sequence of the depression of public credit, there had
been an incrtase in the charge of about £l. 15s. per
Cent. In 1813, the charge was R 5. 17s. and this
year, only £5. 14s. 2d. Consequently, there was
only a diffeience of about 3s. per Cent. In order
to defray the cearge of £3,689,0(x0, Parliament had
made provision in part, under the heads of Stamps
and Post-Odice, which he calculated would pro-
dace about 8t,2,A0t10. This sum, with £600,000
in the hands of the Commissioners for the Redemp-
tion of the National Debt, would make if 4800.000,
teaving a deficiency of about hall the charges.-
- Vile Right Honourable Gentlemen teen entered
ono statements to shew tha, the expences of the pre.
sent year, in the event of a continuance of war,
would not be so great as former )ears, especially in
the Commissariat and other departments on the Con-
tinent. He observed that the price of gold, 'which
had r.sen in April to £5 7s. had now declined. and
,vas ht. ss. Dollars were 6s. sd. The amount of
Naval Lspences would also be very considerably
reduced. The expence of "Transports across the
atlantic formed a great kern in that branch of
the expendituie. The estim tied reduction in the
gavel expenses would be from 21. to 15 millions.
He calculated upon a reduction in the Loans next
year, at le ist tuenty millions. He was justified in
the calculation. because he had reason to suppose the
contest would be a short one. The Government of
Bonaparte had either been imposed on the people of
France by a mutinous army donineering over the
nation, or MA person had been called back to the
throne by the n dice% In respect to the issue of the
contest, the sense of France would sheer itself in a
,/ very short time. The cisnilsined efforts of the R rya-
lists and the Allies would put the matter to the test.
(Hear, hear !)—Pile state of France was different to
that state which some persons supposed. At present
murmurs against the dominating' of Bonaparte were
halt suppressed—discontents wiuld arise. There vies
nut a cordial co-operation, and therefore we might
look at the contest as a short one. But on the oilier
hand. supposing, for the misery of mankind,, that the
French Nation should aid the Frei.cli Government,
and, Wished with desire of conquest and a wish to
extend the poster of their arms, combat with increased
ardour, then the struggle would be protracted : that,
however, he did not apprehend. He was unwilling
to think that the French Nation had wilfully rejected
a peaceful and moderate Government—a pacific, a ma-
&rats, a legal and just Prince—to reinstate Bonaparte.'
It, however, such had been the will of the French Na.
Lion, nothing remained but for the Allizd Powers to
combat with all their force, in order to preserve the
security of other Governments. The Right Honour,
able Gentleman then moved a resolution-44 That a
sum of thirty.sis millions be granted on annuities foe
the service of the year—twenty-seven millions to be
paid by Great Britain, and nine million, by Ireland."
Mr. T N EV considered the Budget which had
been ()peer,' by the Right Honourable Gentleman as
one oh the most alarming which the country had ever
been put in possession of: at the same time, he must
do the Right Honourable Gentleman the justice to
say, that it had been opened with clearness and pre-
cision, and in its component parts the fairest he had
ever heard. With respect to the arrears to which the
Right Honourable Gentleman had alluded, and which
he .had stated would not arise again, there was no
proof how long they had been growing, nor any con-
solation that they might not be growing arrears. No
accounts were before the House on which they could
form a judgment. The Right Honourable Gentle-
man then referred to some papers to shew that there
had been exceeding) in the Army Estraordinaries
and contended from thence, that these exteedings
might again at.crue. There had been a slim of
41,400,000, composed of odds and ends, for the
Powet s, which might be a growing excess; this
broughtEmperorwas
he
hkiis etawtot
ieff4:Rres
forward
samtsroi
day
t,ke.anawsor hiwf
earlier
rr v
rwtr:a:
the
composed of sC4OO.O(X) to the Emperor of Aus-
tria
been
aly tsgyselluad;tyMhuitsdosi receive.
thuweseotsuthneis
But the Right Honourable Gentleman thought the
tilpoortoovuogtlewitosiutxoltdybeseer
hiototnewshcia4neopmpposy iitvnattibtawliereesecrecsupatlmliedas;
Gentlemen
year after yeas, until the debt bad "maw d so the

present enormous sum. In 171113, the debt under thi,
particular head Was forty.five millions: in 1815, it
was seventy-two millions. He condemned the prae.
ties of raising money but upon the plan adopted by
' Mr. Pitt, who always desired to lessen the Loan.—..
He drew a comparative statement, to shew that tha
plan of borrowing by loan had increased every yea
and the Sinking Fund debt had ceased totally i.
1811. The exceedings at the end- of the last to
years was thirty-three millione. With respect to tt
present Loan, he thought the rate of Consols, bein r
54, was a bad contract, at the commencement of tl -
war, for the country. It was impossible to go on,
a financial point of view, in this manner; ruin mu
be the consequence. What was the situation of -
naparte ? He had returned to France, and the m; •
Declaration of the Allies, which he regreo,a it
been signed by one of the patties, had united Irma
The country was again, therefore, plunged into w
by the unfortunate return of this miscreant ; and
little did the Allies know what to be at, after t .
Declaration of the 13111 of March, that the Treat;
were not signed till the 19 Ii of May, g;virg him
opportunity of preparing for the fight. The views -
the Allies were nut known even to the ttirin Ilc
Gentleman ; nor did his colleagues make their vie-
known until lie was to provide for the expenses of
war, by calling upon Parli uncut for aid.
contended streatiou4 that the last month hid ;
lowed France to consolidate its force, apd to p,‘
the Government in the hands of Bonaparte. r.
Right Honourable Gentleman might say, that the
had been murmurs against it : but Le was afraid t;
would be m.tnnurs also in this country against
present Bud et. His firm conviction wa,i, tbAL
would be n 1 military (it potism in France,
contributed to establish it : he was also convince,
that the majority of the people of France were d:.
tons of a tree Government; and that she was deft
'mined to have such a constitution separated trim t.
House of Bourbon. Ills wish was that this count y
should stop before a blow was struck, and see if
peace could not be made; for, he contended, that
, France were now attacked on the abstract princif
that Bonaparte should be put down, it would mu
the people of France to desperation. But the Et
was, that the Chancellor of the Exchequer wished
plunge us in a new war with France for the restote
don of the Bourbons. He beli.ated, that if Fran. •
was satisfied that this war was commenced with();
provocation on her part, not all the Powers of tf.
world could defeat her. He implored Ministers
pause before a blow was struck, when, for the fir
time, the Budget amounted to nearly ninety million.
Every day they were increasing the national del
instead of keeping it down. It we went on with t.. :
war, France was justified in continuing icterminab'
war against this country. France bated us, as It
feared did other nations for Our ins'ilence.—(Kw-,
hear I from the blitsisterial Benches.) —The Noble Lni.f
cheers at the word insolence; but he gave the world
a tolerable proof of 110 great modesty, when he hi..
medals struck to a large amount for the differe.t.
Courts of Europe, on one side the Prince Regent's
head, and on the other Britannia, raising Euroo
from a reclining posture, with this motto, « Se•
conwantia exenolum Europa." He deprecated a cit.l
war in France, which would be equally injurious to
the rest of Europe. He defied Ministers to go on f r
two years with the present expenditure, and conclul 1
.with expressing a wish that we could secure the ble. •
rags of praco.....(lfety
Mr. A.RBU rkiNOT contended, that there was
pan of the Continent of Europe on which we wi:o.
not respected.
The CHANCELLOR of the EXCHEQUE.c
said. that we had not now the s ime d.fficulties, of
pecuniary nature, as to the Commissariat and oth:f
departments, which existed during the Peninsula
war. Estimates at home had been diminished, to
cause the Militia had been dish hided, and the greater
part of the regular forces had been sent abroad. he
defended himself from the charge that h • hid_ devi..
ted from Mr. Pitt's plan of finance. in not exceedir;
the amount of the taxes and income of the current
year in his expend.ture. He e t. trio ti.e
terms of the present Loan, with that of 1797, we wre
very neatly three-tourths per cent. better. in r(g, si
to the finances of the country, the Honourable Ge
tltnian maintained. that he had the example of all r ;
predecessors in office. The Right Hon. Gentlem
had charged him with diminisfitag the Sinkito; Fu
nearly six millions ; the delenc:. lie must set lip ►-
that was, that he was enabled thereby La avoid
fur
thening the public with siz millions of new taxes.—
Besides, his present plan was calculated to oecre.oc
toe National Debt, by keeping up the progress of ti r
Sinking Fund, more than ally former plan.
its t~
the part of the Right Hon. Gentleman's speed
which applied to the general policy ot the countr:,
he would not reply to it, because be had no hopes(
liiakin,4 a convert of the Right Hon Gentlema I ;
but. he could not :rvoid congratul ulna the Houa
that by the Right Hon. Gent.eman's stateniaai,
t.
armies of France were likely to be encountered
tearful odds oa the part of the Alli s. Sereiy it u:
people of Prance really wished t have a free Gor,ll
mein, Bonaparte would be the last man they wouli.
put at their head.
The Resolution for raising the sum of 36 million
for England and Ireland, was then agreed to ; 3
were the other Resolutions. The Report was ordere.:
to be received to-morrow.
The Barracks, and Irish Estimates, were then
tti
(erred to a Committee of Supply.
Mr. A R BUT HNQ moved a sum of 099,996 for
the Barrack Department of Great Britain. He said
there had been no new buildings ; and that there
would be a saving of 480.000 me the Barrack F. 41.
mates of the year. He next moved 41,999.961 fa
the Commissariat Department ; the last years weir
for this Department was upwards of there
milbrns
He then mimed for 4910 0 for the Storekeeper
rieral ; and 4470 for toe Usloa of the laxi...equrtism.
In answer to a question from Mr. W• N
he said, that he believed the ()dice was het ado ry,
was now held by a Lady. The vote oaf to giro.
the Court with stationery.
said,Th eheChELANaCivEenLoLrOdeßrs,otfhat:te
other cakes should be 4,opplied with stationery if°l4
the Statitburry•oeice.
tri99. 1U lid. feta Stationery alit go ur
Mr. A RBUTHNCfr moved several other Gtas.,..ts'
collet of Xsichequer ; 42178. M. 6.1- for the ItAer.:3lo
clf We Court ut Itschequa ; &AO& 10;074'
inEiXtuCuliteEUQnsUEni_Rd