Star.
London, England, 1827-06-02 00:00:00

A 51,764,000
5,700,000

cud ate al tificial and increasing dethands of I .fury a d
tefinensent, will iquilly open new- tonnes of tteasure
sod new fields of exertion, in every state of society, and
ih iheremdteit quarters bf the globe. It is this prin-
ciple wbiehll believe, according to the uniform
result of history and experience, maintains, on the
whole—in spite of the vicissitudes of fortune, and the
disasters of empires—a continued course of nieces•
sive improvement in the general order of the world."
These are the words of Mr. Pitt. Adam Smith is the
authority cited. Let those who regard the application'
of philosophy to politics as innovation, go back with
me to the principles avowed in this House by Mr. Pitt
in 1792.—(Cheers).—I now speak them from my
mouth—l adopt them as my principles—l proclaim
them to Parliament as the guide and polar-star of my
political course."--(The Right Hon. Gentleman sat
down amid loud and continued cheers.)

After a considerable pause in the House,
Mr. HUME said, the Right Hon. Gentleman ad-
mitted there was a deficiepcy. The House should con-
sider the situation in which the country was placed. He
did not mean to deny that it possessed great reaources,l
and that there were efforts which might be made, and
ought to be made to relieve it. After twelve years of
peace, were theyto be still deluded with the expectation
of improvement? Let them look at all the debates of
the last twelve years, and they should find it regularly
said every year, thatthey were to have the golden nom.
ber of five millions for a sinking fund. In 1192 tha
whole revenue of the military was only 16,000,0001. nose
4t amounted to 55,000,0001. He could prove, that by the
'operation of the Sinking Fund since the time of its esta-
blishment by Mr. Pitt, the country had lost no less than
Iwo hundred and twenty-three millions sterling. The
debt at present amounted to 800 millions. Would such
an enormous load of debt warrant them in going on foe
another year in the same course of expenditure while
there was an actual defalcation in the revenue? If they
did so, they would shew an utter disregard of the int*•
rests of the country. Before the appointment of the
Committee which the Right Hon. Gentleman promised
next Session, three or four millions would be added to
the Public Debt. The Right Hon. Gentleman .built
his hopes of improvement on a passage from
Smith. Since ever he had a seat in that House he
in the habit of hearing yearly from every Charliellor
of the Exchequer those promises of improvement:
What a delightful prospect now to be told, that they
must either raise a new loan next year or impose nest
taxes ! Would they permit the country to'go on de-
pending upon such unexampled expedients as those
now suggested? Why not meet the difficulties. at
once? The Bight Honourable Gentleman might
say what he pleased upon the energies of the country,
about opening new markets, and new sources of wealth;
but the only true source of wealth was a saving out of
income. He saw no reason to expect greet improve-
ment either in trade or commerce. Let them look at
the shipping interest. Was there any prospect of in-
creased revenue from that source? Quite the contrary.
There was no reason to hope that the capital embarked
in it would return even a simple interest. What was the
state of the manufacturing interest? Would any one
say that for the last four years the saving of manufac-
turing capital was such as to warrant any great hopes
from that source? Look to the mercantile interest.
There was no branch of it that returned the usual pro•
is of capital. Instead of declining in price, the fund*
were getting higher, because people were desirous td
get any interest for their money, not being able. to'
employ it profitably in trade. No merchant now could
employ 1,0001. in any speculation with a certainty of '
reasonable profit. Another source of future prospe-
rity alluded to by the Right Honourable Gentleman was
increased demand. From whence was it to come ?......
He saw no ground fur expecting an increased demandi
the truth was, that the general interests of commeree.
were depressed. If a person saw a man staggering
under a heavy load, in place of saying, " Oh ! let him
go on," would not humanity suggest to relieve him by
taking off past of the burden? He did not expect that
the Right Hon. Gentleman would have attempted to
lead the House astray by such fallacies, by taking the
average of four years. The course proposed to be pur-
sued was unfair to every interest. He must protest
against the Right Hon. Gentleman's taking his establish.
ments larger by 830,0001. this year than last. England
was the only State in the world, not excepting even Tur-
key, which did not keep its expenditure within its income,
and in this at least Turkey was happy that it had no
credit, and of course could not run into debt. He could
not perceive by what had fallen from the Rt. Hon. Gent.
any advantage that accrued from the Dead-weight: He
must protest against any increase of the unfunded debt I
'to meet the expenditure. They had been going on for
the last. 22 years borrowing in this manner at a con-
siderable loss to the public. It was not enough to ssly
the unfunded debt would be less at the close ot ibis year
than at any period for twenty years. The Right HO&
Gentleman seemed to forget that 8.000,0001; had been
funded last year, and still the unfunded debt was as
lailge as ever. The plan proposed was altogether fal-
lacious and mischievous. Let them look at the state of
the Revenue. The fact was, that in proportion as the
Revenue decreased, the Elf enditure went on regularly
increasing. The accounts were so complicated that it
was impossible to understand them. It would be better
to have a plain statement of 2 debtor and creditor
account, which any person might understand, as was
the case in France and the United States of America.
The object proposed by the Chancellor of the Exche-
quer last year was to reduce the Uofunded Debt by
14000,0001. six millions 6f which was to be paid to the
Batik. He believed this six millions had'not been yet
paid. if the income was not sufficient, what they
should do was to reduce the expenditure. In two
months he would undertake to reduce from five to
seven millions, without injury to any public establish-
ment. He most protest against putting the nation to
expense, for the purpose of giving constitutions to
other cou,stries. He believed that in Portugal a ma-
jority of the government of the people and of the
army, of all orders, in fact, was opposed to the Con-
stitution. If they wished to have a tyrannical Go-
vernment, in GOD'S name let them have one—(A laugh).
—He should not object to the expedition to Portu-
gal if the expense was to be paid out of the Right
Honourable Gentleman's own pocket; but he must
protest against putting the cuunity to expense for,
such foolish undertakings. It it were proposed,
now, he felt confident that not one in the country
' would be in favour of it. Before the House separated
he' was determined to ascertain whether they would
agree to the ret aiming of an army in Portugal at a vast'
expense? In America, with a population ot 12,000,000,
rive regiments were found sufficient for all the military
*ant? ot the country,
,whsle our establishment cost no
leas than 10,000,0001. The statertient of the Right

Gentleman wat too general. 7. He (oak aneAci tbe
top of the ladder without !hewing hosi he got siversi.ws-
Whatever debt had been'ineUrthdin thtlittuyetriobght
to be provided for in some w .y or other; instead of
tiding it over until the next. Th course recces:nen 'ed
by the Right Honourable Gentleman, resaissied hire
of a Gentleman who came to consult him about his

affairs, and whom he advised to cut'off several items of
kis expenditure in prder to create a sinking fund to
resleeakhis encumbrances. He was told that his advice
was very kind, bat his f iend deter mined to let 11:s affairs
go on as they were for anogier year, and perhaps some-
thing might turn up to improve them. The Right Hon.
Gentleman was taking exactly this course ; he protested
against it; and he called upon the House net to co• sent
to the proposition of deferring the consideration of the
state of the cotiotry to another year.
Lord ALTHORP said, that although he thought the
Right Honourable Gentleman might have, been too
sanguine in some of his anticipations, and although he
believed the situation of the country still required

the greatest core and wisdom in its management,
yet he thought it would not be fair to the Govern..
anent to compel it to go into all the details of its
affairs until they had been longer in office, and had
had time to examine them calmly and thoroughly....
Indeed. he was of opinion that to force them to take
that course prematurely, would hays a bad effect
,on the ultimate reduction of expenditure to wbichthe
mantry now looked. It would be better, as well as
airs fair, to allow the Right Hoc. Gentleman to be
ti lmelonger in office, so that he may have turned
his 'Died to a more comprehensive examination of the
Finances, before they called upon him to bring forward
measures. By that delay he was convinced a more
effectual reduction would be obtained; because if the
Right Honourable Gentleman now went into a consi-
deration of that object, he would do so with a more
reluctant disposition of retrenchment than at a more
distant period. when enquiry bad convinced him of its
necessity. The Right Honourable Gentleman had
promised that a Finance Committee should be appoint-
ed, and that was a security to the House that something
would be done. It could not be supposed that the
Right Hon. Gentleman meant that Committee to be
a delusive one; and if it should not be a delusion
good must arise from it. He, must say, that however
he was disposed to give his support to the present Go.
vernment, he could not continue- to do so unless the
utmost economy should be carried into all the branches
of the expenditure by the next' Session. But the Right
Hon. Gentleman had promised better things, and the
country looked for reduction as the condition upon
which his Government was to, receive its confidence
and support. For this reason he was prepared to agree
to that proposition of the Right Hon. Gentleman to
tide over the present year. He should object to an in-
crease of the unfunded debt under any circumstances,
but at present lee thought it was the best course for the
country. .
Sir H. PARNICLL maileleek diet *Ow* view in wbicb a
Sinking Fund could be of adearritMe wee den of its trimaran sae.
pies of become over expenditure. The worst part of oar financial
circumstances was our having had twelve years of peace and no di-
minutiae of the Debt ; and as long as we remained without a hope
from which the Debt would be diminished, the finances of the
comer, mg be considered in a wry bad predicament. Ile trusted
that the Memo Minister, before they were assembled in the next
Sesdneseeeulitaywdiecaatr some raesbridtly which the 'National
Debt afight be gamed In a enures of redection. He had, four year*
rissi aforiza lo Me fives, which at that tilzir. ewas sane);
and aphid ea= had never beard One reasonable objection. The
Hon. &Met them restated Ids plan, which we understood to consist
in the 1111111.01114012 of Stock in terminable Annuities. Still, debt
was only an evil telativeiy—is relation to the wealth and the means
of the country. It must therefore be the true principle and policy
of a Chancellor of the Exchequer to give every encouragement to
the prodiaction and increase of wealth, and that could only be done
effectually by a reduction of taxation._ One of the greatest evils
was the system of protecting particular articles of produce by duties.
With respect to the Dead Weight, he thought the statement of the
Right Honourable Chancellor of the Exchequer incorrect. He
agreed. with the Noble Lord who spoke last, that it would be un-
wise, in the present state of the Session, and under the present fir-
eantatanera of the country, to press the Right Ham Chanardecof
the Exchequer upon the financial system. . ..4-, •
Colonel HAW ES said, that he believed the state of the popery
still to be alarming, although there was undoubtedly a gromitipa-
pr Dimmest going on in its affairs. But WAYS the Goetwilemilli and
the Parliament came forward to do their duty by relieving*. it
was impossible that the commercial and maNufacturing imams
could dm be replaced in the situadon they held before they were
pasted down under the weight of so gamey barthens. After dis-
lairirlkin several parts of the statement of the Raabe Ha*. the
amillariest of the Fackeepresahe Hon. Member expressed Mouth-
Arden at its general spirit, and particularly at its concluding with
the Oscura front Mr. Pitt.
Lord MILTON said, that although he had frequently fiiund
himself called upon to agree with his Hon. Friend the Member for
Aberdeen, be could not do so upon this occasion. If he wider..
stood his Heo. Friend rightly, be proposed to censure his Majesty's
Ministers for not being prepared to come down to the Hasse w.tb
some permanent financial measures for the future government of
the country. Now, if there ever was a time at which it would be
unwise to attempt to legislate upon such subjects it was the pre-
sent,—when the country was, indeed, reviving from the prestra.
don to which It had been reduced, but not yet restored to that rest
and tranquillity, so necessary to a calm and dispassionate view of
its actual dtuation and future prospects. lie looked forward to
that period arriving horn which the ' future might be viewed
with sanguine expectation, because he looked to the probability
of great general reductions In the expenditure of the country.—
He was sanguine In this because when be saw that no attempt
had hitherto been made by the Government to carry retrenchment
into effect, he did not despair of its being practicable when the
Right Hots. Gentleman set about it in earnest. With the exception
of that one period when distress pulled down some of the greatest
and the strongest in the country, and by driving many oldie landed
interest, who had been the staunchest supporter* et the Govern-
Meet, into something Ste epposkima, cenapelled the Greeranumt
to make a considerable reduction, with that cue exception, nothing
bad been attempted. The Right Hon. Geetismen mast undertake
to do this, and be must brace up an his firmness to the task. He
must put on the whole armour of denial against the appeals by which
be would be beset from every department. Ile must remember that
be stood in a different situation from all his predecessors, and make
up his mind to resist firmly those applications, which, to describe
in more distinct terms would not be parilementary, that wand be
sure to become those possessing parliamentary telecom To lay
on taxation for the purpose of creating a Sinking Fund was a de-
lesion. it appeared to bins to be the oily error in Mr. Pitt's finan-
cial administration.

Sir J. NEWPORT said he placed entire confidence in the
intentions of the Right Honourable Gentleman, and he was sure
that such an arrangement of the leading taxes could be proposed
by the Finance Committee, as would greatly increase the Re-
turns of tfie Revenue, and rather relieve than augment their pres-
sure upon the people. The Honuurable Member for Aberdeen
had condemned the expedition to Portugal, and said that if it were
to be proposed now, there was net a man in the country who would
agree to it. He denied that this was the fact. But if no other
nun could be found to support it, be would still undertake to do so.
The country could have taken no other course without violating the
faith of treaties, and sacrificing its character and honour. He en-
tirely concurred in the course pursued by the Right Hon. Gentleman
in postponing the consideration ot the Finances until another year.
Mr. WA ItBURTON said, that a+ dal would be his only oppor-
tunity for calling the attention of the House to the badman, there
was one item which he was extremely anxious to owntion. They
had been called upon to vote a large sum for fortifications and
canals in Canada, and the ultimate expense of the works bad
been estimated at one hundred and seventy thousand pounds, a +llOl
which in all probability would be greedy exceeded• When so many
public works remained incomplete in this country,it was a gross
thing to begin an undertaking of this nature, whir* might, ass on
as it wan finished, passimo the hands of an enemy. ' Ht entreated


r

the HOW eh Ship the list vote in such an expenditure, until the
new Governinent shadd have bad time to investigate its netessitj.
Sir E. OWEN said, that this was sot a new undertaking, for that
the works were already commenced. Every Officer wbo bad been
there agreed to their necessity as a defence to the country.
Mr. WA RBUH TON add, that a small sum only had been ex-
pended, and the House cisigbt sat to proceed to make another grant
of so large a sum of 41.00111. as they were now called upon to do.
Mi. BROUGHAM said, that after bestowing the
most earnest and anxious attention upon the statement
cf the Right Hon. Gentleman, he had great satisfaction
in coming with his Noble Friend, to the conclusion that
they had cause to be satisfied with it upon the whole.
He could not entirely concur in ell the criticisms which
his Hon. Friend, the Member for Aberdeen had passed
upon that statement; nor, indeed, had he the advantagsi
of being able to Pillow him in all his points, and more
particularly in his conclusion, as could usually be done
in his very distinct propositions. What objection could
there be to the course proposed, supposing it necessary
that the money should be raised. The Right Hon. Gen-
tleman, to meet the exigency, took a vote of credit for
three millions. Now he could not apprehend more
than three ways in which the exigency could be met,
and the question was, which was the best? One way was
to raise it by imposing taxes. The next was that of
funding to the amount required. The third was tha
way proposed by the Right Hon. Gentleman, namely,
raking it by an increase of the unfunded debt. Now,
to raise three millions of new taxes would on every ac-
count be not only moss objectionable but most difficult,
in the present labouring circumstances of the country.
lie had formerly told Mr. Perceval, and it was found
to be true, that there was a point where, in attempting to
meet an exigency by laying on one tax, they must be
met by a proportionate falling off in some other, or
in a number of other formerly imposed taxes, and
instead of a gain experience a loss from the new tax.
This country having arrived at that state so many
years ago as the time of Mr. Perceval, in 1819, in
order to meet thedlthanges effected by the restoration in
the currency, three millions of new taxes were imposed.
lie gave that measure his decided opposition, and
warned the Government not to commit what he thought
was a great mistake, and what might prove a danger-
ous eiror of financial policy. If that was his opinion
in 1819, it must be Still more so now, in the present
difficulties of the country, and with those three millions
of taxes still unrerealed:
Mt. HUM R.—" Some of them are repealed."
Mr. BROUGHAM.—" No, they are not."
Nr. HUM The Malt and Wool Tax are."
• Mr. BROUGHAM cootinued.—Well, the Malt Tax and the
Wool Tax had been repealed; but would any man venture to say
that the present deficiency in the Revenue could be supplied by the
imposition of new taxes? Or was it not better to resort to a
loan, under the peculiar circumstances of the cue. Loans
Might be resorted to with the greatest advantage, when a
country was labouting under temporary pretsure or passing
difficulties, and when it might not be desirable to inflict
upon it a compulsory tax. That was exactly the state of
things which now justified, nay, called for the Government
hating recourse to the borrowing of the money required by the
exigency of the time. If, then, the sum was not to be raised
by taxes, WAS* desirable to obtain it by incteasiug the funded
dent? He apprehended that no one would recommend a course
so wasteful to the country. It was known to every man who
could read the Price Current, that the Three per Centt. were now
at 82 or 83—(Several voices'eadainsed " Eighty.four.")—VleU,B4,
that answered his purpose just as well. The Hoe. and Learned
Gentleman then went into a calculation to skew that any one
t:St'ng new stuck would experience considerable toes.
51r. HUMB said, " But he gets it when he mils out again."
Mr. BROUGHAM—Aye, he would get it when be sold out
again—that was, it be knew as well as his Honourable Friend
when to sell out again—(a laugh)—or if heitnew as well what he
should get when be chose to sell out again. But he could not be
expected to have the same knowledge either of the futute or of
the past, as his Hosiourable Frig-(Laughter> For these ma-
sons he thought a vote of Credit the best course that wild
be adopted, supposing the raising of the money to be necessary
which was another question, and upon which he should suspend
his judgment. It was with the greatest satisfaction that he dust
heard from the Right Honourable Gentleman his intention to ap-
point a Finance Committee. If great good bad been gained from Mr.
Pitt's Committee, and from the last, be thought he was not too san-
guine in looking for a truth more beneficial result, now that those
• superior lights had broken upon the House to guide its legislation
upon financial concerns. Those lights had been gradually spread-
ing in the country, and they were now breaking within the walls
of that House, and dispelling the darkness in which be once sat.
He confessed that those prospects made the view brighter to his
eyes, and be saw every thing to hope from a new Finance Commit-
tee sittiug in the next Session of Parliament. He thought the Right
Honourable Gentleman had done well not to be too sanguine, not to
give too flourishing and picturesque a statement of the situation and
hope of the country, because the pictures of the Chancellor of the
Exchequer, who could not be expected to divest himself of all par
tiplity, were always looked at with distrust. Some thought that his
anticipations had been too sanguine, but he biped in Goo not.—
' There was undoubtedly much in the condition of the country still
to deplore, but a steady and slew—and therefore the more valuable,
because the more likely to be permanent—improvement was vi.
ably ping on. He would take that opportunity, as in all probability
be should have no other, of repeating what be had said upon a tor-
seer excision respecting a tax which yielded about oue miniao
a year, and was in its present form extremely injurious both
to the spread of information and a very industrious class of manu-
facturers. It operated very hardly upon publications of all de.
scriptions, but most hardly upon what were called cheap publica-
tions. Under.the old law, for be could not refer to that enactment
which bad as he thought most unnecessarily been passed some years
since, the Crown possessed an abundance of power to check seditious
and other improper publications, and the tax to which he referred
served to prevent the distribution of those writings which were of a
very different nature. He really looked upon the cheap publications
oaf the day as a great blessing to the poorer classes. Trey dispelled
ignorance, and gave the less fortunate portion of the community that
knowledge which ensured front industry, intelligence, and good con-
duet. He had no wish to exaggerate, but bethought that the presets
duty on paper operated as an injury to the revenue. His opinion was,
that if that tax was very considerably reduced, not altogether re.
moved, that the revenue arising from it would be considerably in.
creased. And there was another subject to which he wished to calf
she attention of the House. He was convinced that great injury
was done by the law which rendered it necessary for every pub-
lication containing news to be upon stamped paper. lie Was-
son* belonged to a society which had for its object the disserni..!
satins of useful information, and that society hail made comider-
able inquiries as to the best way of effecting its object. It had
to deal with a large class of persons in different parts of the
country who were extremely ignorant, and who bad no means
vhatever of arriving at information but through the medium
Newspapers. New, as the law stood, if a pamphlet were
'shed which contained but a page of news, It became sub-
stamp duty, and thus the efforts of chop wbo wished
I Ssetul information were greatly checked. If the re-
were once removed, if news were to be allowed to be
. without the payment of a stamp duty, there was not
or home throughout the country into which the most be.
al works would not penetrate. The present tax was just eu
cent. on the price of the article, a tax tot which the privilege of
freedom from charge for postage was no adequate compensation.
•-•,ving mentioned the subject of postage, be would just
hit in France about one farthing only was charged for
ismiwion of such publications as he alluded to. What
..nee benefit would a similar regulation confer our Eng-
What an increased futility would it give to the spread of
,oration, and how greatly would it assist in dispersing isms-
e and darkness. He maintained that a good Government
nothing to fear, but every thing to hope, from an increased
igence in the people at large. There was no reason to fear
ion, unless the mess f Government were bad, and if they
e had, let them be centralised, the errors exposed, and the ne-
ary alterations made. If fear was entertained as to the effects
twilight of intelligence would produce, lot more light, let the
id full light of day be introduced, and it would speedily be found
. such a measure wet one of the greatest blessings which could
conferred upon a country—(Hear, bear, hear.) Intelligence
people never did and sever could prove injurious to the
'e of a country(Hear, hear, hear.) He would not then
• thing further upon the subject, but be had thought

THE EVENING STAR.

LON DON.

SATURDAY, JUNE 2,1827.
STOCK EXCHANGE, TWELVE O'CLOCK.

Last night's Budget is the general topic of conversation in the
City this morning ; and contrary to general expectation, it has only
ranted a fluctuation in the Congo! market of about per Cent.
although it is looked on in a favourable tight. But that which has
caused the most surprise, that Ministers were in the minority in
the House of Lords in one of t►e clauses un the Com

Consols opened this morning at 841, went down to 841 1. and
at present may be quoted at 641 I, with a steady market and little
doing.—ln the Foreign market scarcely a bargain has been done.
Consols remained steady at 841 till within this half hour, when
the market took a turn, a 1 con.i.-recededlo,B4l h for Account.
PRICE OF STOCKS AT TWO O'CLOCK.
Bank Stock 204 India Stock
' 5 per Cent. Red. 831 1 4 t Mug Bonds
5 per Cent. Cons. Shot. South Sea Stock
51 per Cent. NI Old Annuities
51 per Cent. Red. £lOOO Excheq. Bills 44 4$
4 per Cent. New Shut, £5OO Ditto 46 49
,4 per Cent..Scrlp .1100 and .t2OO Ditto 44 50
4 par Om 1826, 991 Advertised 44 47
Legg Ass.l9 7-16 1 5.16 • Consols for Aect. 841 1
FOREION FUNDS. TWO O'CLOCIL
Basilian Btls.sp Ct. 59 Portt►i
lid in Bonds 6 p 23
Colombian Booth, 6 p Ct. Russ.s. 1822,S pC. 9s!
Ditto 8d5,1824, Do. Ace. 921
Do. Acct. 311 Span. 84. 5 p Ct. lit 11i1
Danish Rds. 3 p Ct. 621 1 Do. Acct. 1!
Do Acct.62j Ditto SiO, 111
Mex. Lids. '825,6 p Ct. 68j Wench lientes.s p C. 1011.... e
Do. Acct. 681 * I &change, 251 54c
BRITISH AND FOREIGN SHARES, TWO O'CLOCK.
SSA ILL rain.
!Manes 480 525
Potosi La Paz & Peru,. Asso. 15 5
Real del Monte 400 400
United Mexican 40 30

1129
XI 14$
32 325

Fasscn FUNDS, M* 30. Fire per Cents. 100 f. 00c.—Three
per Cents. 70f. .50c.—Bank Stock, 2,o3of.—ltentes de Naples,
77f. 60e.

The Budget was brought forward last night by Mr.
CANNING. If the picture he has drawn of the financial
state of the country, be not a fair subject of congratu-
lation, it has at least the advantage of overturning a
number of gloomy hypotheses, which had been enter:•
tained, not by the vulgar alone, but by many en-
lightened persons, with respect to our national re-
sources. It has also shewn, that the Revenue did
not fail last year at all to the extent, that had
been generally imagined; and therefore die exposi
of the Right Honourable Gentleman, though not
'a triumphant one, will be perused with satisfaction,
as it chews that the country is fully competent to keep
ep the rank she has hitherto maintained in the world,

as well as to meet any emergency that may arise in the
ordinary course of events, without the necessity of
imposing new burdens. It will be recollected what
gloomy presentiments prevailed about this time last
year, and how general the impression was, that the
nation, so far from having arrived at the climax of
its difficulties, was merely entering on a new and
rugged career, in which the hardships of the road
would increase at every step. All these anticipations
have been falsified by ,the event; and the country:
instead of exhibiting signs of confirmed decay, is
recovering her strength rapidly, sad there are many
indications to jostify a hope that the period of ber
complete convalescence is not very sensate: Let as
now see what the deficiency of last year amounted
to, as shewn by the uncontradicted statement of the
CHANC&LLOR 01 THE EXCHEIRUILL The whole expendi-
ture of that year,including a sinking fund of £5,500,000,
amounted to £57,464,000, and the Revenue to only
£54,600,000, leaving a deficit of more than £2,800,000,
from which, however, some deductions are to be made,
which, knock off above a fourth of the whole, leaving
about two millions as the actual deficiency. Without
the Sinking Fund, there would be a surplus of more
than three millions; and it must be a morbid ima-
gination indeed, which will despair of the financial
resources of the country, whilst she has an income I
exceeding 54} millions to meet an expendkuce of
£51,764,000. This desponding view would be the more
unjustifiable too, as it is admitted on all hands, that
there has been a regular improvement in trade for some
time past, which must • operate beneficially on the
Revenue. Though Mr. Cantata, perhaps wisely, has
not taken this last circ'bmstance into account, his ex-
ample will not deter others, when they examine the subs.
ject of our resources ; and, for our own parts, who
disclaim all party feelings and attachments; and look
merely to she KING and Country, we view the re.
L. sources of the country with perfect confidence, and are
convinced that they are capable of greater improve•
, ment than they ever yet attained.

The Earl of WINCUELIMA, last night, in the House
of Lords, withdrew his Notice of a Motion to bring before Par a-
ment the views and principles of Ministers. _ _ _

The Marquis of IJANSDOWN said he was convinced, from Ms
knowledge of the manly feeling of the Noble Earl, that be would
net have abandoned his intention unless he was assured no *dean.
tage would be obtained from pressing his Motion. The Noble
Marquis declared that he had never altered his opinions and prin.
ciples. It was well known to the House and the Country that be
had supported measures which had been beneficial to the Public...—
By that line of conduct unanimity had been introduced, and be
then made it the basis of his political conduct.

Frankfort Papers reached us this morning to the 26th
ult. we learn from 'hem chat the Leipsic fair turned
out better than had been expected. A vast quantity of
goods had been sold,but the prices in general were rAther
low. The concourse of strangers was very great from the
test as well as the west. English manufactured goods
were much sought after, and bought op with great avi-
dity, as they 44 combined this time beauty cud cheap-
ness." The articles that were most in request were
middling woollen cloths, elegant panted calicoes, linen
leather, and furs. As the fair was crowed with small
purchasers, who bought merely to supply their own
wants, it is a strong presumptive proof, that affairs in
that part of Germany have taken of late a very fa-
vourable turn.

An article under the head of Alexandria, 10th April,
Announces the arrival of the Viceroy in that city to
hasten the departure of the armament, as we mentioned
some days since on the faith of a private letter. It appear.
that its destination is Hydra, and we know from other
sources, that the inhabitants are prepared to give it a
good reception. The Turkish fleet from Modon, in
which these were ships of the line, had arrived at Alex-
andria ; and another ship of the line was expected from
Constantinople. This fleet,with that of the PacVicnaov,
consisted of 53 vessels of war, and was an over match

we fear, for any force that the Greeks could oppose to
it. The VICEROY intended to command in person, and
this ambitious and aspiring man, who bad been just ap-
pointed a Governor-General of all the Provinces to the
south of the Dardanelles, including the whole of
Greece, would thus obtain a field of action, surpassing
his most lofty hopes, and worthy of his great abilities.

Dispatches were this day received at the Colonial
10ffice from Demerara, and from Sierra Leone.

The Queen Dowager of WIRTIMBIRG, for wham
• Royal Yacht hat been dispatched, under the command of Sir
W. Hover, is ;tiptoed to land at the iFteyal Hospital at Gle4ll.
wicb, on Monday et Tuesday neat. A guard of honour is eta-
, tioned there to receive her. _ _

Yesterday the Duke of CLARINCIi held a levee for
Naval Mews, at the Adsuirahy, which was attended by upwards
of Shy persona.
The Duke of CUL itiNCr and the Princess AUGUSTA
visited his Mesmer yesterday.
The Duchess of GLoucesiva and the Princess Au.
•usr* left town yesterday morning in a chariot and four, with
outriders, on a visit to the Princess Soriu MATILDA, at her re-
sidence on Biackheath. Their Royal Highnesses, after partaking
of a iiciessi with their Royal relative, returned to town is the
afternoon.

The Princess AUGUSTA entertained the Hon. Mr. and
Mrs. ARTHU R STA NUM, and a select party, to dinner, OD Thursday,
at her residence in the King's Palace, St. Junes's.
The Duke and Duchess of Cnaaasca honoured Sit
WATSIX WALLIS 5041 the Baroness Howls with their company to
dinner, yesserday, at their seat at Twkkeshani.
Lord Earczy transacted business yesterday with
Viscount GODZIACII.

The Duke of MANCHESTER, Governor of Jamaica,
may be shortly espeeted to arrive in England, and ester upon his
new office u the Postmaster GeneraL His Majesty's ship Isis,
which arrived at Portsmouth on Thursday, sailed from Jamaica on
the List of April, and Havanna/a on the ad ult. and brings advice
that his Majesty's ship Rattlesnake was appointed to bring his Grace
home. The Goldfinch and Lady Mary Pelham, packets, from Pal-
. meuth,arrived at Jamaica about the lads of April, from Falmouth.
His Majesty 's ship Beaver was about to proceed to Nassau, with
mtjor General Gassv and salt&
Aasamten.—An advance has taken place on the
wages of weaving linen, of from is. 6d. to Z. per web.
Such is the very premising of the apple trees In the
South Hams, that it is caltptlated cider will be sold for 15s, per hiid
The farmers ia that neighbourhood us very ,active already in poi -
chasing cute.

VASIIIONADLE INTELLIOENCL
Marra&
The itsrl of Staff, at C6iil/011.4 Hotel. Laster Troop-street, from
Paris ; Captain and Mrs. Wilson' at the Devonshire Hotel, Dover.
'meet from a tour ; Colonel and Mre. Morale', at the Bab Hotel;
Arlinetoo-strett, from the Continent; 8k Loftin Otway, Bet id
Regent-street, front a tour.
CHANGES.
The Duchess of Clarence, for Bushy Pail; the MIN* Mat,
Moons of Sallabswy. from Arlingtou.strert, on a visit to the Mat.
ehloatis of Dos/nature, at Roehampton ; Sir Hugh Pars Sun
from the Bath Hotel, Arlinstan.weet, far Dublin.

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