Star.
London, England, 1802-04-06 00:00:00

WAYS AND MEANS.

a I now, Sir, come to the Ways and Means,
and the firfl article that occurs is that which com-
prehends the Duties on Pennons and Offices, and
the Malt Duties, amounting to 2,750,0001. The
next is the Surplus Subfcription on the Exchequer
Bills which have been funded, making a fum of
0tte78741. ; and the Loan winch has been made to-
day, minds of 25,000,0001., of which 2 3,000,0c01.
is to be provided for by Great Britain, and
2,000,c001. by Ireland. Confequently, with the
Malt Duties, with thole on Offices and Pennons,
the Surplus Subfcription on the funded Exche•
quer Bills, and the Loan, the amount of the
Ways and Means voted on or before this day will
27,930,8741. I than now fhortly fiibmit to the
Houle the terms of the bargain which has been
made for the Loan of twenty-five millions. For
each tool. the Subli:ribers are to receise in the
three per cent. Confolidated Annuities 651. in the
three per cent. Reduced Annuities 601. which,
with the three per cent. Deferred Stock, to be
created in January, 1808, and calculated at 61.
19s. 3d. will give them, for each tool. the fum of
13 11.1 9s.3d.in flock. The annualinterellnow charge.
able is 31. t p. per cent. and the Deferred Stock,
which is rated at 4s. fief. may be taken at 31. ad.
fitppoling the intereft to commence at pi elem. I
have, therefore, the fatisfaaion to date, that the
Loan has been made at 1311. flock for every tool.
with an intercfl of 31. as. aid. It is my duty to
obfervc, that in the contrail which has been made
to-day, the three per cent. Confolidated Annuities
have been eltimated at 75:1, being t! above the
price at which they left off at the dole of the
market on Saturday, and that the Reduced An-
nuities have been valued at 74.1, making Ali) a
difference in the price of is above what they left
off at on the tame day, allowing for the intereft
op to the day of concluding the Loan. With re-
lpeet to the Deferred Stock, it might be taken
upon even fair efiirnate at 581, conffituting the
relative difference between the Confolidated and
Reduced Annuities. In lubmitting to the Houle
the adv rop.eous terms of the Loan, I Ihmild
confider ni)i'elf as unneceffarily taking up the
time of the Committee, in detaining them too
Jong upon a Cubic& w;tich • affords fuch fond
,rossiids of general latisftetion. But I cannot
help c..ligratulating the country on the Ilibliatitial
proofs of confidence thus given by the :quilled la.

twit; T f:;;1 myfelf called upon to ol,fer7.
chat it is.to the energy and perfeverante nnilin ml
dirplaycd by this Ilosire, fiipported by the_fpin
and exei lions of a great people, that tl.e,puhli,
are indebted Mr this confidence. -The Home
be fen Able that of the 17,930,8741. 111.,ve noticet,
as•conttituting the Ways and ?quails, the, an ex-
th:da that head of 3,300.0001. heyerd the vote
of fupply, and in addition to this exceri I shall pin.
pre to vote the fmplus of the Confolidated
to the ph of January, 1803, at the fum of lice nit.
iiens of F. \chequer gills 1:y way of credit, the pro.
duce of the Lottery, and the fum cf
to I);:raiied by way of loan in Ireland. Accol.ling t.
this ilatement, the rum of 2,coo,c:scl. will be le!•
to meet the charges to be incurred during the :e
mair.lng (even months by the navy and .arni
eilabliftiments. With • refpea to the rums to
which we have now to provide interett, they ate 23
millions for the loan, confining of millions of
3 per cent. Confolidated Annuities, t 3 millious
the reduced, and upwards of one million dcter
red Stock, amounting together to 30,35
Tile amount of flock created by the funded Fah he- t
,13. ,2-• and if !isms ms be
quer bids is P 1 66 I to there
added the whole of the flock to be provided for
the Income Duties, charged at 36,443,0c01. the
Houle will find the total amount tube 97,9344371 I
In providing for the interen of this fum, I titall ;
take the articles feparatcly; and in the first place,
the intereft of the capital flock created by the luau'
in the different funds, the management of it, I
may be ellimated at 924,t991. The Rock caufed by
the funded Exchequer bills, with the charges of i
management, and the t per cent. thereon, w•;11 re- i
quire an interefl 015+8,3631. while for the interest
of the 56 millions charged on the income duties,'
it will be necefrary to provide an intercit of
1,738,6381. So that the whole of the intereft fur
the 97 millions is not lets than 3,211,2021. I }level,
Sir, !fated the rums dittina, that the Commit-
tee might view them with clearnefs before I went
into that important fubjea, the Tax upon Income.
And here, Sir, permit me to remark, that 1 thould
deem myrelf unworthy of all relpea and coon-
deration, if the motives which have induced me
to move the repeal of it, were not the refult of
long deliberation and a firm eonviaion of the
opriety of tl:c meafure. Several Gentlemen
of great rcfpeaability can in this point attest
the ti uth of my obfeilations. It is not, perhaps,
forgotten that an Honourable Gentleman oppofite
(Mr. Ticniey) Rated, lath ?any, that (tom feveral ,
expreiTions which tell from me, it appeared to ba
my intention to proptle the continuance of the In-
come Tax after tile war. My anfwer may yet he
in the rceolleelion of the Houfe, and I obfcrved
that the relOurce was too great to be let go during
the war. I have had, Sir, the mi..tort une to differ
with leveral Gentlemen both here and in'the coun-
try, on the fubjedt of the repeal; but although I
am induced from the molt mature confideration to
propole the repeal ; yet I mull in jullice fay, it is
to that tax the country is indebted for its .moll im-
portant exertions, and its fuccelfes. I think, how-
ever, that it fhould be referved for the exigencies and
prelfures infeparable from a Rate of war ; but at:
the fame time not under the prefent regulations,
although the changes which it might be neceffitry
to make would not be very alifffmilar. We have
always to look forward to fo ample a refource with
confidence, and I have thought it right and per-
fealy continent to deliver this opinion.• Yet at
prefent I cannot difguife the fatisfaaion I feel in
propocing that the people thould enjoy an exonera-
tion of the burden. When I Rate that we have to
provide taxes to make good the intereft of
their ninety.feven millions, I do not with to
deceive the Committee ; I do not with to dimi-
tith the weight of the taxes which mull be im-
poled ; hut I !hall content mvfelf with reo,,leiling
the Committee to look there difficulties in the face,
and to meet them boldly ; for I am convinced, that
unlefs means of more facility, and lighter in their
operation can be adopted, there will be no folid ob-
jalion again!' the meafnreswhich I have to propote.

ReCA PI ULATIOX Of WAYS and MI Al's: 9, 1802.
Duties 01) V 01.1011.1, Offices, its. and Nlalt Duties C 2,7 rO.OOO
Surpluq Soilfeript;OO oil ESCOeCitler Bill: funded 180,374
Loin to be provided! S GrL.it Britain 23; co.ocr
s ,000
fur by - - 1 Ireland I,aOOGCO
Amount of Wry' and Means voted on/
" 37 03?A74
or before tue sth April
all r NU/RAM/VMS. Remain to be voted:
Surplus Confolidated Fund to sth Jan. 1803.
karhequer Bills on Supplies, dos.
Lott. ry.

I.oan to be contraeted in Ireland.
Amount of Stock crt ated by Capital Steal. inteer,/, Afamt.gr-
Loal V.O 3. .rut, 'et".
31. per Cent. Confol. Ann. I 4,950,903
31. per Cent. kt,duced trete /3,9.00,0c0
34 per Cent. deferred Stock; to
be added to Confuls 1,60r.37

30.31+.371
Intercft on the Conrols and Red. . 862,00
Ditto on the deferred Stock
trout Jan. 5, 1808 - - - 48441
Management on the whole - 13,658

924.1,9

Amount of Stock created by Ex-
chequer Bills funded 1 t,138,061
Intercit thereon, together with
7,7991 125. Told. I.g. Ann. - 431,043
11. per Cent. therenn 112,222
Management - - - 5.099

Amount of Stack charged nn 541%.36.5
Dittiv4 56.445,000
1111e1e1t thett.ll - . . 1,713,016
AttII.IZefUCUI 411 ditto 15,621
- 1,738,6;8

£97.934437 £3,21 1,202

NEW TAXES.

" It is therefore, Sir, my duty to ful n2;t to the
Committee the TAXeS which are to make good the
annual Cum of 3,211,6381. In the firli inilance, I
have to propole Tome new duties and regulations on

MALT, HOY!, ♦ND BEER.
An additional duty of ts. 4d. per bufhel on Malt
will not, I apprehend, he thought too great ; to
which is to be added a further duty of lid. pet
pound on Hops. In order to repeal the allow
antes granted to the Common Brewers of is. 4d.
perbarrel, which operated in the nature of a draw-
back, as propofed by Lord North, I thall iubmit
to the Committee an additional duty of zs. per bar-
rel on beer, fubjeft to a drawback of 6d. fu that

he aJslitional duty on slle bArrel will nsAL t 6.•
%hole ;s. I id. for the Issture ; but In the
ve.tr it will not czcec.l ys. J. I Ans. Si,. i•
ware, that although this Tag Dray he IL. tar"!
li)i ;: a ion a biz by ntan►•. it 1.01, n!►un ev,;ry
coni;iteilt with ht, g. ~,t
which we ha% e in ai:•v. It ,

. .
doubt, to cc.ncutz: nblotiny, but it is :!s jut a d
qui!,tble ill i.s rtinciole shit operatiun As 4 y
u a liii.i!.tr nature. With rei.ll-,ft r. t!ic
fl-t.,wer, it cai•o..t he On; fteljed ur any conlittec:k.

wh,:q %,-!it-ti
u..ts l.igLer in pr;ce tlian at pr.:ltiit,.t rAuct
ract• 40-o‘. to 35%. per barrel. 111,
pricc as ii is nor: in tL m k Ihnuld
alrn be cottival.!....widi the .4C of that article as

it v.as when Or 10,wer (he pricc.of beer per
pot to 4J. I:,.g.nlatiolis to ti!e ctfe.7t T have men-
:iened will :q ni(nc when the

, . ...-
;late of peripl;: irrcwitig beer in their oV:11 d w (Xingu
is taken into cortidel.ition ; :kir while filch induce-
ments exit to brew at home, the competition be-
tween the public and private brewer can be hardly
thought fair. Wlicr it appears to be the general
wilh that the Income Tax flwitild be got rid of (A
I cry if H,ari Gear!) ; when it is eariteitly propoied
to hip off lb large a limb 110111 the revenue as the
I Tax upon Income, I muff lay, it is impoffible to
accomplith that able& without fdbllituting onerous
imports in its head. I have, Sir, further to fa-
.ln, it to the Committee a recluaion of the . exifti:7
1 duty of 3s. on tai)le beer, fo that the brewer will
: be enabled to fell fir 16s. inftead of tBs.; and by
the operation it is my intention to take away all
dillinaion between table and fmall beer. It is well
I known that titian beer is brewed from very bad in-
! gredients, and fold at the low rate of I is. per bar.
`rcl ; bet as this pradice gives room for much fraud
we thall be enabled, as far as the duty is concern-
ed, to fupprefs this diflinaion, and the only differ.
I ence to be found will be between porter and table
beer. A conliderabie difference of opinion has, I
conicfs, taken place between me and 'time Gentle-
men for whom I entertain a very high opinion.
with refpea to the modes which Ihould be adopted
in order to prevent the frauds which are praiiifed
' lon the revenue,but I am not without ftrong hopes
that certain expedients will prove fuccelidtil in the
malting !Minds, for preventing there abufes, and
that this objea will he aceomplilhed with as little
impediment as polEhle to the trade. The proditee
of .the taxes I have mentioned upon Malt, Hops,
and Beer, I take at the turn of two millions. I
have to °Nerve to the Committee that the Tax on
Income is cue, which in a great degree falls on
thole who pay towards the Mitred 'l' axes; it may
be bated generally, that thofe who pay to the In-
i Tax, alfo pay to the Afraid Taxes: it is
prop:Jed to repeal the Affeffed Taxes as they at
indent ;land, and to re.enaa them in a new form.
It is, however, not intended to have recourfe to
any new object of taxation, one alone excepted. It
has been intimated to me, that there are a eon&
der able number of journeymen and Shcipmen who
refide in the hooks of their Employers, and there
is ever? reatim to believe they are made the inttru-
,'.ments of evading the Duty on Men Servants;
they, therefore, appear to me to be fair objets o
.taxation, and I propofe to charge the Mailer with
the payment of a duty of cos. per annum for every
SHOPMAN OR JOURNEYMAN,
So employed, who than reticle in his Matter's
houfe ; the fum at which I ettimate the produa of
this Tax is too,cool.—l have now, S'r, to offer a
Tax, which I atfitre you 1 bring forward with fen-
iations extremely di t'nerent from thole which aluate
' me with regard to my other propofitions, I mean
a Duty on

EXPORTS AND rtapottrs,
As a fubilitute far the Convoy Tax. lam harpy
in having it in my power to affuie the Committee.
that I have had communications on this lobjea
with Gentlemen, whole fituaticns in life render
them moll capable giving ufeful information as
to whatever relates to it, and they have coincided
in the opinion I held forth to them, that a 'nix GO
Exports and Imports. in the firm in which I mean
to lubmit it, will be highly advantageous to the
by greatly adding to the Revenue, and at
the tame time neither dangerous to commerce, or
revere in its operation with reference to the Mer-
chant. The Convoy Duty, as it Rood, during the
limn period of its exillence, 'confined of two parts
—Tonnage, and a Duty of five per cent. on Ar-
ticles, ad valorem. It is now propofed to fix the
Duty on Exports and Imports fimilar to the one
in t 798, with this difference—the duty ad valorein is
not meant to apply to all articles, but it is intend-
ed to prepare a Schedule of Soo articles, the du-
ties on which are to be fettled. It is propofed.
that the Duty on goods exported final be reduced
from two to one per cent. and the duties on Im-
ports encreafed one-fifth, that is, to be equal to 31.
25.—1 trull it will appear to the Committee, ti.et
the Convoy Duty has not in the lmalkil degree
operated to the ditadvantage of trade ; on the con-
trary, the Commerce of the country has confi,:ee-
ably encreafed during the period it has been in
force. 1 am aware that we are not entitled to look
for the continuation of thofe commercial advan-
tages which we enjoyed dining the Warebut the
difference, I am perloaded, will not be found to
accord with the defponding fentiments of those
who have argued, that the return of Peace wool.!
be the means of diverting a coniiderable portion at
the commerce, which has been exclitii rely our chill
to the different Powers of the Continent. It will
be recolleCled alfo, that whatever may be the pref.
lure of the Convoy Duty, modified as it will now
nand, it will be balanced by t;:e ciretimilance of
the reduCtion in the price of Freight and Infurance,
which is naturally lower in time of I'eace than in
time of War. I think it right to (tate, 'that it is
my intention to afford a very important accom-
modation to commerce, by extending the Bonding
Syilem. It is neceilary, not only for the cafe and
advantage of the Merchant, but for the affinance
of the Revenue, that many of the Cullum-Houfe
Duties fhould be confolidated ; there arc many of
the Duties which are fraCtional, and of courfe the
colleCtion is always attended with difficulty, and
frequently incorrect ; the confolidation of them
will therefore have the effea of raving time and
expence, and will prevent thofe uuavuidable de-

I

Tars which have in many inflames been the fhb-
, et • f complaint on the part of the Merchants. I
myfelf jullified in Rating the ellimate of the
.;•isliiet of the Duty on Exports and Imports at
so,cool. It will be perceived, Sir, by the Com-
e iota, that 1 have been desirous of providing for
et:; the I/ al II 'LIS demands of the public fervice. Many
fear will be of opinion, that the amount of the
lion. end the amount of the taxes, exceed what
e ere was any neeeffity for; but timely the Hotife
feel, that if this is an error, it is an error on
tide ; it is undoubtedly riolft and pro- •
to be prepared with a Hon to anhvet the pof-
.:e exi.eelicies of the public service, even beyond
s• nety be necefftry. The Committee will ob-
-12: Ye, the: 1 have made no provision for paying off
t:e2 capital Hock created by the loan ; upon this
iej.Ct I mull reqeefl the attention of the ilonfe;
it is nut my intention to go minutely into it at the
piefeat moment—it is a fubjett which depends on
nice celculations, and requires mature confiders-'
t;•.n. I lhould therefore-with to defer entering in-
to it till the Committee have had an opportunity
t eflediag. and acquiring pafeet incormation up-,
ca it. It is however 112 zef ~try for me to Hate,
why I have not provided a fum of one per cent.
with a view to the redudien of the Rock created by
the loan for this year. lam aware that I am
t. cadin,e on tender ground when adverting to fuch
a fultj•d as this is there is no individual who is
more 1:r rible than myfeif of the value and impor-
tance of :he eftablithment ofa Sinking Fund; Icon-
fidet it as the Iheet-anchor on which the fafety of
the country depends, and if f were capable of bring-
iee forward any propolition is the fmallefl degree
I.Celr to aired that fund, or retard its progrefs, I
fleould justly deferve the reprobation of all oho
:ear me. With the indulgence of the Committee,
I is ill (late the outline of that plan, the adoption
of which has induced me to deviate front the ordi-
ten y pradice of providing for the redudion of
the capital firm created by loans. In the year
t the plan for the redemption of the National
Debt was firft fubmitted, and i,000,0001. was
veiled in Commillioners for that purpofe—it was
provided that all intereft receivable, and the
etecruing compound interell fhould be veiled in
Cue!! Commit:loners, who were to apply fuch ag-
grcgati: rum in the reduetioa of the debt of the na-
tion ; and was enatled that when this felting
find amounted to 4,000,0001. Parliament fhould
duet mine whether it &odd nCt be applied for tak-
ing off Taxes to that amount. In estapan Ad
peered, by which a fund of one per cent. was crea-
ated for the extindion of the debt accrued by the
Loan for the year, and that praftice has been
fince continued. It is my intention now, Sir, to
propofe that thefe two Sinking Funds thall be con-
felidated. It is propofed to confolidate the new
and old debt, and the Funds for their redemption.
Paradoxical as it may app:at-, the effeet of this
fy item will be to redeem the National Debt within
a much shorter period than it could poffibly be
redeemed by the former one, and the Public will
derive this intermediate advantage, that we (hall
get rid of the neceffity of railing a fum of
eicoaciool. for the fervice of the prefent year, one per
cent. on the Loan would amount to precifely that
fun,. In the year iScS, Annuities will fall in to
the amount of 5.e0,0001. which maybe applied to
taking off the Taxes. I repeat, therefore, that
the aid of the fyilem I have adopted, of confo
lidating the two Funds, will be, that the Public
will be burthened with Taxes to the amount of
cp:o,oeol. lefs than mull otherwife have been railed
for the prefent year, and the ultimate redemption
of the National Debt will be accelerated. Ac-
cording to the plan which I defire to recommend
to the Committee for the Diminution of the Taxes,
by the confolidation of the two Sinking Funds, the
while will he extinguifhed in the courfe of 45 years;
I mean, that in the period I have Hated, the debt
of the country, which may be ellimated at
soo,coc,oool. will be entirely paid off and dif
chat ed. If this flatement is accurate, it mull be
nil:mired that it is highly deferving the attention of
the Committee. My object in wilhing to promote
it, bas been that of doing juffice to the prefent
times and to poilerity.—On the fubjed of the Du-
ties on Salt, I had hoped to have been prepared
with a propolition for getting rid of them altegc-
ther ; but upon dmfideration, I feel that this is
mot the proper time fur recommending filch a mea-
fure. It is necelfitry we fhould wait till we fee

v.-hat effc!ts are produced by the Peace fo recent-
ly obtained. Till we are able to form a judgment
with regard to its operation upon the relburces of
the country, I certainly fhould not hold myfelf
ju:hitied in propofing a tefolution for depriving the
l'oblic of fo material a branch of revenue ; but I
look forward with hope and confidence to the pc-
riod when the Salt Duties may be confiderably re-
laxed. It is one fource of confolation to me,
thtt the operation of thofe duties on the lower
clafres are nut To grievous as they have been re-
yrefentcd. I admit that they prefs in fome de-
glee on the manufaauringinterelt, on agricul-
ture, and on the poorer clatfes of lhciety, but by
no means to the extent which has been fnppofed.
Thus then it Rands upon the ilatement I have made:
The amount of the Supply is 24,6144301. of which
1,icc.1,0001. is for Ireland. The Ways and Means
amount to 27,930,8741. The whole of the taxes
ale 4:00:1,0001. and the Slim required to be railed
leaving an excels of 800,0001. It is
my on Friday or Monday next to fubmit
an eXplati motion on the lobjea of the Sinking
Fund. Having Ilated to the- Colmnittze nearly
all that is neeelfary, I can exprefs no fentiments
hot filth as mull have occurred to every one who
has heard me If we look ball for the last nine
Year-.., tie find the fyllem which was planned by
tile prudence, vigilance, and (economy of my Pre.
clecelfor in office, purfucd for the advantage of the
country. With refpea to myfelf, I (hall make no
profelliuns ; I dcfire to be judged by my condua.
It mutt be the with of the Houle, and of the
Conntry, that the principles which are hereafter to
a thole mutated with the Government, may
lush as will enfure the contitalance of peace.
It i• to conciliation and fit rime& we can alone hook
fm " d for the enjoyment of that blefling. The
fureit way of enabling ourfelves to preferve it, is
LA by invading dm fecurity and attacking the in-

dependence of other countries. Tint by maintaining
and ado zing our own. I look tOrward for many I
) ears of peace, tranquillity, and ha pine's to the
countky. The e xpences of %var have at fait ceafed,
vi:;iiance, prudence, :nil motion, are ne-
c. Ifla y. A fyllem of jealottly never ought to be
purfued, but a fyllem of cantion mull never be
departed from. It will afford us the fairelichance
of that fecurity, the attainment of which has been
the ohjeet of the tedious attd expenlive war now
happily terminated. 1 have malting to adJ, but
lltall critclude by moving my fire, refolution."
Mr. WH:T3REat• Paid, that feeling for the im-
portance of the interefts*l the Public, and par-
Ccularly for a let of men and a trade, the plan of
taxation developed by the Chancellor of the Ex-
chequer would opprefs and ruin, he protelled
again(' its receiving Coe fanaion oldie Committee.
It might be owing to the danger of which he was
apprehenfive, that he di I not participate in the
joy the Chancellor of the Exchequer and Com-
mittee lotted to exprcls at the terms on which the
Loan had been concluded, and on the arrival of
the day, when the folid fyltern of Finance of his
predeceffor, which had lb long oppreffed the coun-
try, was done away. Whatever c.unpliments the
Chancellor of the 'Exchequer might think proper
to bellow on his Predeceifor fur hi, wildoni ; his
own condo:; in repealing the Tax en ifl.:')111, was
the fevcrelt cenfure. Happy he was Hutt odious
Tax was abolithed, but he could not avoid thia!:-
ing it unfair to retort to a particular let of Trader.
men to make good the deficiency. If the propoled
Tax took effea, it would be irnpriflible for the la- I
bouring poor to buy beer; and with regard to the
Brewer's Trade, it would be entirely deftroyel
It was peculiaily hard, that filch Taxes as thofe
now ropofed thould be laid on at a period when
the trade was jolt beginning to look forward to a
relaxation of the preffures it had In long experienc-
ed. If it was to be fubjeft to fuch a Inirthen, it
would be impotlible for the Brewer to make in—
terefl of his capital. The Right Hon. Gentleman
propofed a tax of tad. a barrel. Suopoting this
to apply to a manufaftory that brewed 200,000
barrels, the etre& would be nothing let's than tak-
ing near rc,0004 out of the profits of the proprie-
tor. This was a
Committee would nie accede to. Hc
hoped it was not the intention of the Chancellor
of the F.xchequer to take flock in hand, as it would
fall par:icularly heavy on the Trad.2, many of the
Brewers having, at tl.e beginning of the late fear-
city, imported barley upon a (peculation, which
though advantageous to the public, they had 101 l
considerably by. He was perftraded that the
Chancellor of the Exchequer had flitted the Tax
infinitely below what it would produce; he bad no
doubt but it would amount to 2,500,00tA. It might
be very prudent to raife more money for the ser-
vice of the Public than was neceft4ry, yet it was
extremely hard upon thofe who were called upon
to pay it. He wi(hed the Chancellor of the Ex-
chequer had Melted fome other objetft of taxation
—not that it affeited him fo materially, becatife
the indefatigable induftry of his predeceffors had
placed him beyond the poilibility of being perfon-
ally affected; but he (hould be ungenerous indeed
if he did not come forward, and plead in behalf
of thole of the trade who were not fo fortunately
fitnated. The Hon. Member proceeded to ob-
ferve, that the (Ned of the late war had not been
in any one inftance obtained—France remained
poffeffed of advantages beyond what the molt fan-
aiiine Jacobins had ever imagined; Holland was
wrelled from the poffeffion of the Stadtholder, and
Switzerland andltalyare fubjeet to the French Go-.
vernment. He rejoiced at the determination of
the Right Honourable Gentleman to conduit him-
felf with moderation towards other countries.—
He entertained no doubt that great as were the
burthens of the country, there were refources
which, managed with (economy, would in time
relieve the Public of their weight. One part of
the fpeech of the Chancellor of the Exchequer re-
minded him of an obfervation made by a Right
Honoutable Gentleman in the year 179 z, who
when opening a Budget, Rated, he had never
contemplated fo fair a prof pelt of 15 years peace
as at that moment. Since that period, the coun-
try had experienced nine years of a molt deltruc-
tive and calamitous war—he fincercly hoped the
prophecy of the Right Honourable Gentleman
oppoilte him, would be more fortunate with re-
gard to its accomplifltment. There was no doubt
bat he would have a fairer chance of teeing it ful-
riled, if he concluded himfelf with that temper,
moderation, and at the fame time with that firm-
nefs of which he had given the Committee and
the Public his folemn affurance.

The CHANCELLOR of the Exenroyr a, in reply
to a queftion from the WI !Speaker, raid, he did
not mean that the flock of beer now on hand fhould
be liable to the duty. He did not fee any reafon
why that exemption Ilionld extend to the flock of
Malt now on hand ; nor did he conceive it prac-
ticable to make any dalin&ion between one kind
of Malt and another. The Honotu able Gentle-
man laid none of the objeds for which the war bad
been entered into were attained. Every thing the
Country had not loft, might be contidercd as hav-
ing been preferved. We preferved our .Contlitu-
tion and our Monarchy, and the Public was re-
lieved from thole apprehenfions which prevailed
with regard to the inficaiity of perfonal property.
The attempts that had ben made ag-ina Mo-
narchy became completely aborCve ; and the ten-
timents entertained now by the country towards
its Monarch, were fully proved in a manner that
muft do honour to the loyal and generous feelings
of that Houfe, by the vote it had recently given to
relieve his Majelty from the embarralfinents he la-
boured under in coniequence of the arrears of the
Civil Lift: and the confidence the Public had in
the fecurity of private property had feldom been
manifefted in a more fatisfaaory manner than on
that day, when money was railed on conditions fo
advantageous to the Public. With regard to the
Hon Gentleman's charge as to the intended Tax
on Beer, the Houfe would do him the juflice to
believe his declaration, when he allured them that
he was not fulalituting a charge upon the Brewers
in lieu of the Tax on Income. He could prove
the very contrary to be the fact.

Mr. Parr fed, t obferved fo very 1;:a!: :htre-
rence th.tt night or, the 11111.,...a of the
new T.tre,, that it ‘vould hardly be nect:ifiry for
him tr, itnimadverilons tract fell from
the IL oppoinc Inane lint there v..yre
other topics in!imiticc.! in:o his Sp2.ech v.itich re-
quited -come oh;;ervAtions. Vt.;rll rl:tard to the
words the I-1:111. GC::LICM:In ra'd he had o:1-2 in Lite
year 179:, ti.al i.e had it cor.t:ieni. re-
liance, and an ii,pe, that the cour,ta y wuuld
contioue to enjoy a I, tot Peace," he mo:i
that at this diitanee tune, he could tvi.t. exaetiy
rectille.ct the expo:ain't he might have ; hut
no man at that time tr.it more forcibly th.in by
did, the LI rength and die happiners w I h the
country poEfled at that time—no man antieipar,:d
more than he did, thole bright prolpeCts which tli2
Oper.lti: .11 of our wealth and (air comme:•ce
out to tie—no man placed a greater relirnee than
lie, on the Ilrength and ref avecs which we enjoy-
ed as the flak of ten years of (economy and labanr,
fecooded by the wildom and fianti:ls of
meat, which were fechilaufly employed in cold-
vating the arts of peace. in promoting indutley,
or in endeavouring to ameliorate the condition of
the people, aral dir..inifli the weight of taxation on
the lower oilers. Ile did indeed, at that time,
indulge a hope that the didraCtions which prevail-
ed in Fra7;ce would not have interfered with the
lecurity or tranquillity of this country ; that they
would rather have fervcd to confirm the people of
this country in the opinion they had already formed
of the excellence of their own Contlitution—of the
unexampled (late of felicity in which they lived,
compared with that of other nations ; and if he
did indulge there fond expedations, he did In in
common with others. There were certainly fome
who went Cu t her than he had done, not in their
abhorrence of tho:e principles which gave rife to
the miseries of France; but in the means by
which th -y were to be r:f..ied. Among thefe
WAS the Mr. Burke, whore great genius hail
prophetically limed all the mischiefs that would
refult from this fyilem. He confidered France
as nothing more than a blank in the map of
Europe : aid if he (Mr. PITT) did not at the
period anti !ed to by the Hon. Gentleman foie-
fee the mischiefs that afterwards followed Item
this fyitem, it was an error of which he had no
caufc to re,.cnt, hi:cattle it dirt nut praCtically be•
tray him into any thing by which the country could
have fuffered. He hoped that the Hoii. Gentle-
man, who feemed to have lo clear a recollection
of the words he had ufed ten years ago, would
alro recollect the calumnies that had been to re-
peatedly uttered by Gentlemen on his fide of the
Houk, in hich he (Mr. Pitt) was reprcknted as
infenfible to the miferies of the people, at a time
when the country was driven into the war; when
the was compelled to forego all her hopes of Lilting
tranquillity, to turn the whole of her itrength and
refources to the maintenance of her very exiftence,
and meet the molt gigantic &item of danger and
deftration that ever threatened the tranquillity of
the world. Although in this arduous and long
contest we bad not lucceeded to the extent of our
wifhes, yet it was one in which we had no choice;
and as his Right Hon. Friend very ably lilted, we'
had gained that which we ihould have loft if the
conteft had not been entered into. We had gained
that which left us in polfeffion of our constitution
and liberty ; that by which the Houfe Was at the
inertia moment exercising its molt folemn privi-
leges. As to what the Hon. Gentleman had ob-
ferved relative to the intended repeal of the Income
Tax, he would put it to the Houfe, whether on a
review of what had paired, the propoiition made
that day could be confidered as a fubvertion of
what the Hon. Gentleman called the folid fyftem
of finance? He withed the Honk would recolleCt
the circtimilances the country was placed in at the
time he brought forward that meafure, to which
he had jultly applied the name of a folid fytlem of
finance. It happened at a time when, after the
repeated prophecies from Gentlemen on the other
fide of the Houk, of ruin to the country—when,
under all the difficulties arifin,g out of the itoppage
of payment in fpecie—on the part of the Ilank--*—
the mutinous proceedings that took place in the
navy, and the extreme depreflion of the pubic
funds—when, after the endeavours made by several
Gentlemen to obilrua the efforts of that Houfe
and the Government, thofe Gentlemen had, with
declarations of defpondency, given up ever y thing
as irretrievable, and defencd their poi, without
holding out a tingle hand to rcfcue their country
from danger—after all thole circumftances, he did
at that very time, bring forward this folid fyftem
of finance; and the Houfe with its wonted dignity
and fit mnefs, coincided with him in the propriety
of the meafure. He would ark, therefore, whe-
ther he could 're charged with an error in having
brought forward that tax—the juitice of which no-
body could, on folid grounds, objcdt to--becatife
difficulties had arifen in the colleCtion of it, which
rendered it lefs produftive than it was calculated
to be ? Thc benefits expefted to refult from it were
certainly very much diminifloed; but notwitliftand-
ing that diminution it produced effeCts that evi-
dently deirionftrated its value. There were-even
perfins at that time with the heft of hearts and the
foundeit principles who fhrunk under the difficul-
ties before them ; but there were others who
thought them not irretrievable, and who were
firmly refolved to meet them. This tax, there-
fore, was brought forward at that time of unex-
ampled prelTure: the war was perfevered in, and
the nation went on with redoubled vigour; her
finances, commerce, and refources, encreafed
every day ; and notwithftanding the rigour of the
feafons, which caufed fuch diftrefs among the
poorer claires of the community, (he was con-
tinually increafing in wealth and profperity,
which was at kit the means of bringing about
a peace. The expences of this year, though
a year of peace, were, owing to the length of
time to which the negotiations were pro-
traCted, equal to the expences of a year of war ;
yet he withed the Houfe to confider that at this
very time, when an entire war etlablifhtnent was
kept up, a Loan was negotiated on terms as fa-
vourable as it was nine years ago, at the ct anmence-
ment of the war. He could fay with confidence
that there advantages were very much owing to

that tax which was now about to he repealed :
and he had oaly to • etiu.al the Ceutlemenooi.o'ite
to hint would take other day to make I:nt dv
penance for having branght forward
tcm of Fin.y.e.e. IVilh regard to the oh!c.(;i
made to fork. of the Taxes then propofed, he cer-
tainly felt that the Hon. Gentleman v.-ho
pi oved of the Tax n Porter was entitled to the Lt.
vour:Me conid,:r 'don of the Hours, as hr
ceived himf*.e'd. Ekely to be perfonally
it. But, i.t his opinion, the Hon. Gen:l!man
mi!lak it M the pound on which he argued agaiult
the nn:afure. It was not a tax on the tr„de or.
Brewct s, litcauCe he was convinced that aftrr this
duty, the beer might dill continu to he fOid at the
!nice to whash the b• ewers had, daring the late
!eareity, rairsd it. Ile would lay one word nt,re
on tbjcd bro.l::lic l.rward that day, and
winch deiCrvcd gr.ett deal of difcadioa--henteant
the moslificat ;on about to take place in the Sink.
ing l'und. lie conlidt red this meafure as a very
teat reiaihrcement of a fyilern that had already
caufed loch important and !ailing advantages to
die Public: a plan that had more than arty oiler
contributed to keep alive the %Imam of the
try, and broni,ht her to that date of prolpetity (he
was now in.

Mr. liukooN did not think that thole advan-
tages were likely to arife from the renewal of the
Convoy Duty which werc Rated by the Chancel-
lor of .hz Exchequer, who he hoped would cOnfl.
der the ftibj .6t attentively. As to the lncomeTax,
he had given it his fupport, and he believed in his
conf:icocc it had Sec..ithe titivation of the cc-unary.
The Hon. Member concluded with exprefling his
high apprlbation of the whule condua of Mr-Pitt
wide Miniaer.

The CHANCLIA.OR of the Excittoptit raid, that
owing to the papers not being ready, he did not
mean to propole the Duty on Exports and Imports
that evening.
Mr. Gacy began by n'oferving on the manner in
w!.ich the Right Hon. Gentleman, on the oppofite
fide, introduced his remarks on the condud of
own adminifl..ation during the late war, which in
facet had nothing to do with the fuhjed before the
Committee, and to do which the Right Hon. Gen-
tleman had taken advantage of fume expretlions in
the fpeech of his Hon. Friend (Mr. Whithreed ).
The Right lion. Gentleman fpoke in fuch terms
of exultation of his public ftrvices, that he appear-
ed to confider himfelf the Saviour of the country.
There were, however, two ftriking features in the
proceedings of this night, which did not go entirely
to juftify the Right lion. Gentleman's pretenfions:
—the one was the total abandonment of that folic'
fyflem of Finance, once his proudeft boaft ; and
the other was the fubverfion of that Sinking Fund
Ivltem, for the eftablithment of which the Right
Hon. Gentleman was fo folicitous, that a Law
Lord of the &a emiitence was dithriffed from of-
fice, hecaufe he ventured to doubt its wildom and
propriety ; and for the prefeivation of which the
Right Hon. Gentleman was fo anxious, that he
then declared that the condud of every future Mi-
nitter lhould be carefully watched, in order that
that fyltem lhould not be departed from in the
{lighten degree ; yet that at was to be this night
completely infringed ; and with the Right Hon.
Gentleman's affTra, another fvfleni wart° be fob-
Itituted in its room. He would not appeal to the
Right Hon. Gentleman as to the confequences
likely to refult from this newfyftem, for from the
known fanguinenefs of his temper, his predidions
were not very much to be relied on ; but he would
:ilk the Right Hon. Gentleman on the floor to !late
whether, and why he thought this new fyttem
would be as beneficial as that which it was meant
to get rid of ? He would alfo afk him, how the
fifty-fix millions which were borrowed on the faith
of the Income Tax,' and which were to be paid off
in eight or ten years, by the produce of that Tax,
were now to be provided for ? Would it be con-
latent with the national faith, pledged to the Pub.
lic Creditor, that this debt lhould be difcharged
within a limited period—to incorporate it with
the general debt of the country, and allow it to wait
the fame fate ? He called on the Right Honour-
able Gentleman to explain this. Thu u.;h it was
impolfible for any man, who valued jallice and
popular liberty, to look at the Income Tax with-
out horror, yet its propefed repeal naturally
produced the reflections he bad Itavd.— !Its
change of fyltem, however, it was not difficult to
account for—it could have refulted from nothiag
but the mirchievons operation and inefficient p... -
duce of that pernicious Tax—a Tax which was
ftrongly oppofed at the time it w:5 en ided, and
as ftrongly fupportcd by the Minifter and his ad-
herents ; yet now experience was found to confirm
the predictions of its opponents, and to evince the
erroneous calculations of its friends, the Milliner
being obliged by the loud and imiverfal complaint
of the country, to propofe its abolition. lie
thanked GOD, however, that the country was
about to be relieved from it. Among the other
irrelevant obfervations of the Hon. Gentleman,
(Mr. Pitt) he hefitated not to Alin, that we had
attained all the objects of the war, bee:title we had
gained all that we had not loft ; that is to fay,
that we had obtained what was once termed in that
Hotife—., negative fuccefs ;" ho' why thnuld the
Right Hon. Gentleman alTume what it .vould be,
indeed. rather difficult to prove, namely, that we
lhould have loft thofe things to which the Right
Hon. Gentleman alluded, had we declined the
war. If the Right Hon. Gentleman withal to be
correctly informed.as to the boafted flicceis cf the
war, let him afk the people who were hifrering
under the preffure of thole. burthelis which the-
war had accumulated ; let him iliten to the cry of
diftrefs which refounded from every quarter of the
empire—to the murmurs of the taboo:LT, the ut-
matt exertion of whofe induary was ina..ey aate to
furnith him with common lultenanee ; let him afk
the opinions of his old colleagues ; let him confult
the fentiments of his fellow labourers, who, far
from thinking the war fuecefsful, were forward to
aifert that the Minifter, in concluding the Peace,
had figned the death-warrant of the country.—.
Let the Right Hon. Gentleman compare thefe
authorities with his own opinion, and account
for the difference. The voice of the people and of
his OYU party was agaialt him on this 4kcah00....,

.tiIhUMY