Star.
London, England, 1805-02-19 00:00:00

BUDGET.

The Houle haying refolt•cd itr:if into a Committee
of the Whole Home, to confider of th•,; Ways and
Means,

The CHANCELLOR of the EXCHEQUER
role, and, without any preface, prncecded to (tate
the Supplies and Ways and Means of the year.
The firft article of charge, f,ed he, which it Is niy
duty to Rate to the Ccruntittec, is fur the Navy,
air,-atiy voted
Being a fum exceeding that of left ye-I:. by upwards
of two milliens, so,:eo additiona! Icarncu hem:
fince voted.
Ne.:t the Army, corating of Guards,
C:arrSon, &c. tee. already voted In
O,CGC,CO3
On the head of Volunteers this year,
there will, probably, be a confider-
able diminution of charge, and for
this I Rate
Extraordinar,es, &c. 3,5 78,0.-..0

14,778.037
For Ireland . - 2:738,0'M
•
ET traunl inaries • - soopoo
Volunteers - ' - 5 oo,oceo

Being .t total on the head of the Army
3038.000
ou 13,6164°01. foinsthim: under the
charge of Lift year, which was up•
wards of 1q millions.
The next Article h Ordnance - 5,866,0a0
Various mikellancou., d.tilsent (mall
charge.), amounting to alp= - t,450,000

6,3 i 6,00 s

.39t550,0010
TOTAL of the ARMY.
There is conneeted with the military expenditure
of the year one article of the ;;;reitelt importancei
which I than here notice. His Majelly has Rated
i.t his fpeech to Parliament that he was engageti
in confidential intercotrfc and communication
with force of the Powers of 'the Continent;—
and I am happy to have ill:sleeved that the profped
of our forming a more intimate connection with
thole Powers has met with the general concurrence
and approbation of all men in this Houfe. That
intimacy and conuedtion it would be the heft wills
of Government and the Country to etatt;o7 to-
wiais the ettablilhaient of peace en fetid tut :per-
manent grounds; but as in the prefent of
rtfairs, and confidering :be ...rap!: difplayed by OUT
emniy, it might he too faugratic to hope Cr.!: fuch
a the refit!! et- mere picrat
or wi:t:ratt further efforts on the part of
*tole Powers hen 7•r to the ambition and violence
of France, it is dent...L.le, without delay, to pee-
pare the means that may he neeellary to make
thole pecuniary advances or. the part of this
Country which are effential to bring the cner;;lcs
of the Continental Powers into action.—With
there views t have deemed it ad ;gable not to poll•
pone making provilion for thole pecuniary Cue-
,' -ours, in cafe they Mould be called for. And I
1 Rate them at 5,000,0u0

Being in all of joint chyle 44,559,0c2
Ot there are two i part.' to be defrayed by Irc•
laud; its Civil Lift and difacnt ctl.r.r dlrti:les
amounting in all to 5,433,000,

Leaving for Great Britain ;390560k-0
Among the feparate charges for Great Britain, how-
, ever, is to be ranked' a foot of I,TOJ,COO to the
Eaft Ithia Company,whieb, from the inveliigation
that bas taken place, is found to be sec, and will
clone to he (Omitted to the vote of Parliament.
A fum likewife of 220,C00 in the Civil Lilt, and
about 440,000 for fattsfying American claims.
There is likewife to be Rated about 5,000,0c501. defi-
ciency of the furns voted laR year. It happens that
a temporary diminution has taken place in the pro-
due of leveret of the taxes VOLCU tact year sison
various artieles of the Confolidated . rod. That
diminution, however, there is reafon to believe,
will be only temporary. L.l?on tile whole. there-
fore, the propo:tion of Great Britain Iv, ill be 43,650,000
WAYS AND MEIMs.S.
We come nest to the Ways and Means, by which this
(urn is to be railed. In the firft place then there is
the annual vote in lien of the LJ !11l and Malt, etc. 2,750,000
There is of let year's grants a furplus emounsite;,arif-
ine partly from the (urns voted for tac Navy not
Laviag all been called for actually within the liQ
year
The ree article is th- growing produce of the Confc-
lidated Fund, cßimatcd, as ufue, upon an evcrage
of the three preceding years. It appears that thc
yrodece in the bit Three years was upwar is of
oo,eccs,3ocl.; and that too, notw7thttanding the di-
ng:, vtion left year upon the ssrtielss of Wine, Tea,
Malt Spirits, as I have already Rated ; and as there
is every reafon to believe that diminution of a
temporary nature, I have no befitation in eftirnat-
ing the annual produce of the Confelitlated Fund
at 32,38 ; and as the wiled.: charge on than
Fund will very little exceed 28.00,CC01. and that
includine various mikellancous end extraordinary
articles, 1 take as the furplus of thc Coal:did:gee
Fund -
The Property Tax and other War Taxes laR year,
eftimated at 9,000p001. will not produce mor.. than
8,300,0001. But it Rill all:ords a fiat cring pidlure of
the refourees of the country, that an augmentation
of the Funds on which this aiditi- n was laid, pri-
ducest to within fo fmall a fum of the calculated re-
lish. Upon the experience: we have had, the Pro-
perty Tax may be eftintated at 4,600000 h But
there are confilerabl t arrears beloteeing to lalt year,
which coming in this year will make the proceeds of
it amount to 6,300,e001. and at this rate may it be
Rated this year. In order, however, to follow that
Principle, which has been attended with the molt
beneficial efleas to the public credit of the country,
particularly exemplified in the terms of the Loan,
which will be mentioned by and bye, it is my inten-
tion to propufe that there flail be laid an additior.al
Tax upon Property of one-fourth, that is, three-
pence on every Chilling now paid, and this I calcu-
late will produce lot co,cool. Up en there grounds
we may fairly eftimate the War Taxes at - xy,ygo,ce3
Bcfides the Lottery 3e.c,cce

1,T94,C=

4: ~;=••

1:23.9940c'
There remains, therefore, the film of twenty mil•
lions to be raifed, which it is propofed to do by Lu.in,
• We hare only taken the round nnmbcr•, and as there may be
route error, 04 totals do not ezadly wily in the odd 'lumbers.

the terms of which I have this day concluded, tub-
Jed to the approbation of this Houle.

_ .
The termsare, for every tool. fubfcribed. 1501.1
three per cents. and sal. reduced, making in all 5721.
flock for every tool. It is extremely fatisfattory to
find, that, notwithitanding the Loan of this year is
twice the amount of that of left year, the terms are
confiderably more advantageous for the public. The
Stock created laf year was for every tool. 1821. 11
Stock. being an interelt of yl. 3s. ad. or 6s. lefs for
the prefent loan than the interefl for every tool. tall
year. The ufual difcount of 5 per cent, on prompt
payment is allowed. With rderettce to the price of
Stocks of Saturday, it will be found that the bonus to
the Suhfcribers is only 31. is. 4d. and yet, advantage
ous as this bargain is for the public, I am happy to
think that h promifes to be equally Co to the Contrac-
tors ; a circumllance which, when the public intereft
in the tranfadion is fairly prelerved, cannot fail to be
the fubjed of fatisfalion to all. This favourable Rate
of things, this undeniable proof of the high Rate of
the public credit, is to be imputed to the general pro.
Amity of the country, to the firm opinion of its fe-
curity, to the wifdom of thole meafures which Par.
liament has adopted to prevent the exceffive accumu-
lation of the national debt, and to the operation of
the Sinking Fund, the force of which is now fo power-
fully felt, and which, if we perfill in the fame courfe,
mug fo rapidly proceed in clearing off the incumbran-
ces of the public.

MAW TI IS.

It remains for me to (fate the mode in which it is
propofed to provide the interen fat the Loan, The
whole animal charges, including the 1 per cent. Sink-
ing Fund, will be 1,376,0001. and 15,0001. charge of
management. There may be requifite, alto, for the
payment of intereft of fuck part of the Loan as it
may be necerary to borrow money to pay off, mak-
ing. in all, the (urn of 1,537,0001. for which new
taxes mull be impofed.
The firft article, then, which I prorate, is that a
penny Stall be laid on all tangle letters, that is a penny
for a tangle letter, and two-pence for a double letter,
and fa on ; likewife an addition of a penny on two-
penny poll letters when they go a certain diftance
from town.

LITTIRI.
Upon the had of the Port Office. from the belt data
that can be obtained. I calculate that there will be
to • rtiZsboo

CA LT.
The next article Is that of Salt, to she tax on which of
tos. it is preyofed to add so. more. This I calcu-
late to produce - . 190.000
In the on:fent cireumitanees it will be adviratle to lay
6d per builiel on Exportation to Foreign pasta.••••
This will give - . Booxo
HORS'S.
propek nett to by an additional duty of t-stk taa
Hodes kept for plenfore ; the prefent tax being aos.
the additional win be eight mote, and fo upon twerp
Hock, which will give 110,0 X)
Welt on Harks employed in Hufbandry, It is pro.
cored to raife the prefent tax of 1 14. 61 to sou which
take u - jsoArao
II et this not to silly to the Horfe which the Fanner
urea In going to market, Ste.
LIC•Ci Kt.
Z next propok, that for the Sri dm. a tat &bald be
impofed an Legacies In dint% fucceffion, to the
amount ally stone per cent. The amount of this
tai It k not can, to Calculate. It appears from the
Begin, r that the anwitot of property on which Pro-
bates of Wills are taken out amounts to 30,0ce,0001.
a year, Of Which Sr. millions soy be clouded for
debts, and Sue more are bequeathed in collateral
(becalm It wIU not be tuo much to efUrrate the
produce of that part of the remaining twenty
mil-
lions which goes in dived (until* at - wpm°
le is likewlfe to (apply an oedffion is the Tax
upon on Land, by fableaing to the Tax
Allowances ariflng out of Landorbkh certainly are
in the tarns of pedalo/ Legacies, and this eh/-
mated at loootoo
I propofe nett to calk the Tax on Legacies to abfolote
Straws to Blood, which now pay eight per cent.
to tau per cent. whisk will produce - - • 30,c00

Total ijilLsoo
Being twenty thoufattd more than the amount of
intereft required. Having enumerated the various
items, he concluded with fayinp, that he would de-
tain the Committee no longer than merely while he
pcinted out the flattering view of the financial fitua-
tion of the country, which this Ratenient afforded.
In the third year of a war following fo foon a long
and espenfive conteß, we were enabled to raife the
(applies on comparatively more favourable terms
thin at the middle of tag war. We had rot only
provided the means of maintaining the confliet our
(elves, but were likewife prepared to make a manly,
generous, and decifive effort, for the independence
of Europe, should other nations be difpofcd to el..
operate in fo Honourable a deign. He then moved'
the different Refolutions.

As foon as the firft Repletion rape/flog the terms
of the Loan was put from the Chair,
Mr. FOX role to offer a few obfervations on what
had fallen from the Right Honourable Gentleman
in his opening fpecch. The Right Hon. Gentleman
when alluding to the fubjed of our connections with
the Continent, had Hated that there was no differ-
ence of opinion as to the policy of attaching our-
felves to tome of the leading Continental Powers.—
To that propofition generally Rated, he certainly bad
no fort of °Nation, but certainly he could not (of-
fer a general admitGon to be confleued into an opi-
nion of the policy or expediency of any Windy for
procuring Continental aid. On that fubjed he at
Indent had no with to offer an opinion, but he could
not help alluding to the novel manner in which the
Right Honourable Gentleman walled the Ways and
Means to be voted. The regular way foxily was for
the Houfe firft to decide on the policy of any fitiaridy
to be given, as well as its amount, before any fpeci-
fic turn was voted for that purpofe. Here, however,
the Houfe Teemed proceeding on different grounds,
by firft agreeing to a particular turn for the cpecific
Oita of a Continental Subfidy, withont having
been permitted to form any opinion of the time at
which the fubficly was to be afforded, or the manner
in which it was to be applied. If afterwards any
quellion arofe on there points, it might be attempted
to be argued, that all future difeuflion was preclud•
ed ; and it was with the view of providing againft
'ny fuch affuniption that he felt it his duty to rife on
the prefent occafion. He had no objedion to have
the turn of five millions in the mean time voted for,
hot he begged it to be clearly underftood, that with
Tripe& to the policy of a Continental &shady, the
extent to which it might be carried, or the manner
in which it was to be applied, he confidered himfelf
ss at perk& liberty to offer his fentiments at length
whenever the matter timid be regularly brought

•
fore the Hoare, Ike thou t it teeerary to make I
this declaration, though he had no reafon to think,
that in alluding to the queflion of Continental Cub&
dies, the Right Hon. Gentleman willed to take the
Houle by furprize. Having difpored of this preli-
minary queflion, that Honourable Gentleman next
adverted to the new taxes meant to be impofed. As
to the tax on agricultural horfes, he confelfed that he
felt a confiderable degree of alarm. Every one ac-
quainted with agricultural affairs knew that this tax,
even as it now flood, was found to be highly op-
preffive, and he was Cure that tile propofed addition
would be cotaidered a very ferious burden by thole
molt ferioufly concerned. tie therefore had a prong
oblation to this addition. He had an equal objec-
tion to the propufed tax on Salt, but he would re-
terve his obfervations on the fubjat to that period
%sheathe matter came to be fully dilcuffed. In the
mean time, he could not help rcmarking that of the
taxes mentioned, with the exception of that on fah,
none were on articles of confumption. It would not
be denied that the poffibility of taxing articles of
eonfumption, was the bell criterion 9f the powers of
a nation to fuftain public burdens.. He difliked the
idea of relinquinsing this mode of taxation, as it
feemed to indicate that we were in a lunation far
more reduced than he could bring himfelf to believe.
He was Corry, too, for the addition to the Property
Tax. His great objeCtion, both to the Inconie Tax,
as well as the Property Tax, was, that it afforded
too groat facility for augmentation, and that it was
impoffible to fay where its operation would tetmi-
nate. If now it was increafed 35 per cent. it might
Coon be doubled or tripled. In fisort, by a gradual
procels, the people might, under the form of a Pro.
perty Tax, be deprived of almost all they poffeffed.
It was to be kept in view, at the fame time, that the
property tax was very unequally levied. So far as it
affated property in land, the afreffinents might be
pretty fairly arranged, but this would not hold with
refpat to commercial profits, to which no fatisfaflory
mode of affeffment could be applied. The danger
was, alio, that if the property tax were long conti-
nued, it might come to be confidcred as a perma•
neat land tax, and voted anntt illy on fimilar princi-
ples. If the old anode of taxing articles of confump-
don was to be abandoned, and income was directly
to be attacked, it was impoffible to fay to what limits
it might be carried.. At prelim it was confined to
income, but it was not eafy to fay how form even ca-
pital might be invaded. It was a matter of the ut•
moo confequence to have it underliood that it fhould
not be augmented beyond a certain amount. It
would afford great fatisfaaion to the country to know
that it fhould in no cafe be augmented beyond the
half of its prefent amount. People would pay the
tax with the greaten fatisfation if they knew that it
was to have a determinate period.
The CHANCELLOR of the EXCHEQ, tER al-
lured the Hon. Gentleman and the Houle that he en-
tertained not the (lighten idea of wifhing the Houle to
exprefs any opinion as to the policy of Continental
fubfidies. He was aware that the fuhjed would re-
main fully open to future difeuffion when the period
for that difculhon arrived. Theh every Honourable
Gentleman would have a full opportunity of expref-
fing his fentiments fully, both as to the circumnances
under which a fubfidy was prnpofed to be given, the
amount of that fubfidy, and the particular Manner in
which it was to be applied. But though he allowed
that the fubjea was open for fair difcuffion, he cer-
tainly had felt it his duty not to defer bringing for-
ward the Ways and Means for the year. He had
many reafons for avoiding this delay. It was, in the
firft place, proper that when a fubjet) of this impor.
Lance was produced, it Ihould meet with full confi-
deration, and therefore it was not politic to bring it
forward Ma very late period of the Seflion. It was
alto proper to have it early brought forward, becaufa
by delaying the Loan to a late period, the public was
a (utterer, from the mode in which the intereft was
to be defrayed. As to the propofed tares he had to
offer a few obfervations. The Honourable Member
had objefled that the taxes were to operate directly,
inflead of being laid on articles of confumption. The
Honourable Gentleman would not however deny that
fah was an article of confituiption, and one too of a
very ferious defcription. The fame oblervation would
apply to honks employed in agriculture, and though
the tax on the poll office was not actually on an Arti-
cle of confumption, it was an article of convenience,
and therefore fell under the rime general principle.
Here then the Houlewould perceive that of the whole
Cum to be railed to cover the intereft of the Loan,
no leis than eleven hundred thoufand pounds were
on articles ofconfumption or convenience. With re-
frsea to the property tax, he could not admit that the
Honourable Gentleman's remarks were founded in
truth. If the tax was found fuch as the fubjea could
pay, he law no reafon why it Should not, like other
taxes, be augmented. He was confident the more
the produltivenefs of this tax was fludied, the more
would its effels be experienced. When he had fire
introduced the income tax he had taker. the Cum total
of the rental of the kingdom at twenty.five•millions.
The operation of this bill had however proved that
the real amount was notlefs than thirty four millions,
and affeffinents to that extent had been farmed.—
There was nn evidence whatever, that the commer-
cial part of the kingdom did not pay their fair pro-
portion : on the contrary, the affeffments on this
part of the public property, (hewed a fair and very
extenfive payment of the tax.
Mr. FOX.—" I rife, Sir, to offer one word in ex-
planation, relative to what fell from the Honourable
Gentleman. The Honortrable Gentleman lays, that
my nbjelion to the property tax would hold equally
as to all taxes. Brit, Sir, fuppole you increafe the
horfe tax, it would limit itfelf, becaufe men would
difore holies as the tax grew unbearable but here is
no limit but that of a man's whole property. I am
fore you will not make me pay on my tea or my wine
what you pleafe, for if you oblige me to pay now,
you (hall not make me pay again-1 will difufe both
tea and wine. On the fyftem of the Right Honour.
able Gentleman, however, we may go on adding to
the taxes on property, till, by little and little, you
come to take the whole property of the country. It
is remarkable how human nature is made on this
fubjeft. Gradually, the whole of a man's means
may be taken from hins,whilft at every pane blind-
ly Suffers himfelf to be minded with ibe tale, that it
is only a very trivial addition to what was taken be-
fore. I remember a Rory in an old book that I have,
met with, that illuilrates this fabjeft. A wools,
had a gays lake sow, that sossimitedlr calved. 21.

calf became new& the obje& of the rood woman's
affeetions. So fond was (he of this ealt, that the ufed
to take him. when young, in her arms, perhaps two
or three times in the day, till by degrees, and from the
frequency of ufe, the acquired the method of dcing
fo when he was grown a fat ox. Now, Sir, with
refpeft to the tax on property. though, for a time
the people of this country may bear their calf, yet
when the time comes that it is grown a fat beak I
doubt much whether they will be able by little and
little to bear him."

The CHANCELLOR of the EXCHEQUER.—
" In order farther to produce the confequence the
Gentleman fpeaks of, we mull go on ninety-four
years with the swat !"

Mr. FOX.—,O And if you do, 1 know that you
will not leifen it t fo that the country will, in the
end, not be able to fupply one grain of provender for
the calf."

[The Houfe, during the latter part of this conver-
ration, was in a roar of laughter.]
' The lima' Refolutions were now put, agreed to,
and the Report ordered to be received to-moriow
and the Committee to fit again on Friday next.—Ad-
journed.

LONDON.

TUESDAY. FEBRUARY 19.

PRICE OF STOCKS THIS DAY Al' ONE O'CLOCK'
Confab, for money, 51111-4 or Feb. sB4-for April, 59f
01111111117144 prem.
PRICE OF STOCKS YESTERDAY:
per C. Red. Ann. 594 tBl 59t Short Ann. a t t-t6th
3 per Cent. Conf. 59* 58iff India Bond" as. a at, dt
4 per Cent. 764 77 I imp. An.:. 9 9•16 i
5 per Cent. Navy EA go Exclieg. Bill., par It dlr.
Bank L. Ann. 174 9.16;4 Conf. for acc. 59 58; 59 5811

A cartel from Morlaix arrived at Plymouth on Sa-
turday, and returned on the fain day. She brought
a great number of letters, which were immediately
fent off to town. They are all from our countrymen
detained in France, and the greater pad of them
were laft night forwarded by the General Polt to
different parts of the country.

As this Paper was going to prefs, French papers
to the toth cattle to hand.

We have only time to gate, that on the 7th the
Confervative Senate, on a report from its Committee,
decreed that thanks fhoutd be returned to Boma-
Parrs for his communication refpefting the corre-
fpondence between the Governments of France and
England on the fubjeft of a pacification. The addrsfs
is fuch as might be expefted, and contains affurances
of the fupport of the people and army, &c. &c.
There papers alfo (hate, that five gun boats and
two pinnaces going from Calais to Boulogne, were
attacked on the 6th :)y an Eng Las frigate, and ten
brigs and corvettes—which they beat off! !

The Ctiaatot.t.oll of the Excuttossa laft night
opened the Budget. The new 'l'azes are—
Fidt, as an addition to the war Taxes, is per
Cent. on the P►operty Tax . - Z.t 050,030

PIRMANIMT.
Addition to the Poft-Olice of td. per letter
Salt sr. In addition to the prefent tcs. on interior
confnmption
On ditto exported 6d. per butbel
Ou Pleafure Hoge., Bs. additional on each
On Hufbandsy ditso, advance from t se. 6d. to

- 530,p00

• 4900:00
- Same
. zio,oool

204. each -
On Matt Legacies
On Legacies from Land
Oa Legacies to Strangers in Blood

320,00
200000
100,000
30000

£.1,710,000

Fite millions are provided for Foreign Subfidies,
though the CHANCILLOII/ of the EXCHIQSIIIL did not
(late with perfea confidence that they would be ac-
cepted.

Yeiletday morning the three parties, namely, Meff.
A. and B. GoLos m to, Mars CURTIS and Co. Tit a 1.-
suscom s and Co. &c. &e. and Sir Faascts BALING,
&c. &c. who had made Lilts for the Loan, waited
on the Chancellor of the Exchequer in Downing-
arm. They were introduced to him at a quarter
before eleven o'clock. He was attended by the Go
vernor and Deputy• Governor of the flank. The
Gentlemen delivered is their Pealed letters, which
were focceifively opened, and it was found that
they all contained the fame offer. namely, sal. of 3
per cents. reduced. Mr. Prrs obferved, that it was
a Strange coincidence, but he was perfealy fatisfied.
Mr. Aaaawaw GOLDSIIID Paid, that they had un-
doubtedly coalefced, and by fo doing they had been
able to offer much more advantageous terms for the
public, than either of them could have ventured to
offer tingly. Mr. PITT declared himfelf molt perfeelly
fatisfied, and the three parties were declared to be the
contra fors. He took occafinn to fay again, that if
the holders of Loyalty, who had given notice of their
determination to claim payment, Should, on the t 3th
of March, recedes to demand money inliead of accept.
ing the alternative that had been held out to them,
then he Should give to thefe ContraElors the preference
of taking the loan on thefe terms. But he forefaw,
from the united Strength of the parties who had taken
the loan, that the price on the t3th March, would be
fuch as to make it advantageous for the holden of
Loyalty to take the alternative.

The terms of the Loan are as follows : For every
tool. fubfcribed. they take-.-

isol. of Three per Cents. Coatis. at 11l is 37 11 9
ask 'Wawa at 59 is 21 19 7
And at Intereft am the loitahnento 3 0

CIO; 1 4

The dilcoont to thee who pay op the whole is
equal to 41. ts. ad. which makes raft. sgs. 6d. for
every tool. fubfcribed. It gives to the monied man,
however, the farther allowance of the property tax.
_ _

After the Lnan was contraEled for, the fir( lot fold
yielded a profit of +per Cent.; it foon increafed to 51,
sad bare that premium at the clofe of the market.

For the Details of the Supplies and Ways and
Means we Inuit refer to Mr. Pyrr's Speech, as accii-
may reputed in theprecoding columns.