Star.
London, England, 1810-06-15 00:00:00

ASSESSED TA XF.S.

-The CHANCELLOR of the EXCHEQUER
moved the third reading of the Assessoi Taxa, Bin:
Sir THOMAS TURTON said, groat praise was
due to the Right Hon. Gentleman the regillations
which be made to prevent vex.dious sarcharge;, hut
he was of opinion that duriog the recess g
should be digested for the purpose of 'n.odifyirvz die
Income Tax, and rendering it lieloer and !cgs lair
thensome to the lowsr and middling classes of the
people. An Hon. Membo h..• 1 given n-tice early in
the Session that he would FropiTishon to :he
House to render the Inci.:La• T.. a,t(.;.'elur II- limes'.
sary ; but if that : rclitnpit.t 3 his
intention, he would hiinst 1., e.; xt :itisstor4
propose a substitute I r the tax. ;I.e .s. m his
opinion, a very gre :t ..i 1; :)1
the tax, as it %vas in -re sive!, ,Laa the
higher rinks of the ciinmenity. was convinced
that the scale was not equ.t.:l a person who had
an income of X2OO atTord to p
year as well As the person who had an income of
d:2103 could pay R2)O a-year. It was also unequal,
inasmuch as a min who had a large family paid as
much a., a b ichelor who had no family at all. IT
was also against the exemption granted to forei,•
which amounted to £69,000 a-year, and he .nought
they ought to pay their share of contribution in thir
country, while we expended so much in fightiro2
battles abroad. From what had been sad •rs a for-
mer occasion, he apprehended that it was the inten-
tion not to ccnsider the Income Tax at' a war tax, but
to make it perpetual, as it was said some taxes would
he abolished in case of peace, and part of the Income
Tax would be still continued, against which he would
enter his protest. He was against the scale begin
;ng as low as it did, but it Wai said, it wotild he th.
more productive because it spread five: sr: hirge
mass of the people, but the fact was, they w )uld soon
extinguish the means of contribution, as many were
now obliged to live on the:r carital.
The CHANCELLOR of the EXCHEQUITR
obslrved, that the present Bill was for it:gal:ding :he
anode of collecting the Assessed Taxes.an, newv.hcd
to set the Hon. Bar net right with respe'.**: tc his
prehending that the Bill hi ought in Ile: pre at Ses.
sion, relating to the collecting of the A stered Taxes
in Scotland, referred in the least to :!.e pe:i,ettt ding
..he Income Tax. It had na sash reference, a•id on
he return of peace the House would :hen be the best
judge what ought to be done, consistent with the state
4 the finances of the country. A, to taking aw.4y
the exemption allowed to foreigners, that was a mat-
ter which he would turn in his min.: during the pro-
rogation, but wished not to be considered as making
any pledge on the subject.
Mr. HOWARTH said, hz would early in the next
Session move, that the exempt;ons allowed to foreign.
ers should be taken away.—The Bill was then read a
third time, and ordered to the Lrrds.

EAST INDIA trIAN £II.L.

On the ender-of the day having been read for the
third reading of the Bill, for p,ranying a Loan of
41,500,000 w the East India Company,
Sir THOMAS TURTON opposed to Bill, as he
considered it money advanced which never would be
paid. He t'ien entered at scrne length into a state of
tit., of of the Company, and observed, that private
accounts had been received, that four French frigates
had attacked Benevhlia, and sent a force on shore
which pillaged the place.
Mr. CR LEVEY supported what had fallen from
• the Hon. I3.uonet with respect to the affairs of the
Company.
_ _

M. WALLACE observed, that the expellees of
the Company arose trom the state of political affairs,
and that the wars of which the Hon. Baronet com-
plained, were necessary and justifiable. •
Mr. DUNDAS said the Bill would remain in force
only one year, when the licuse would see whether the.
Company acted up to its agreement, or not, and con-
tended that the million auda half was a loan and`not
an advance to the Company.
Los d AR,CHIBALD HAMILTON did not ex-
pect, from the state of the Company's revenue, as dis-
closed by the papers on the table, that the loan would
he repaid to the public. At the same t;tne, he could
wish that some Gentleman, competent to give hint
iitharnation, would state the.pr.obability, if any such
them was, of a surplus revenue, SQ as .at sktly future
period to give hopes that it would be opuclft .

• 'Sir TPIOMLS TURTON, in etplanatic,o,
that he had imputed to the Government in In&
v:ialt of ruling by rapine and bloodshed.
stated that the the territories w:Te acquired by
memeets. With reapect to the loan, he
consider that the Company asked the money
vance of claims, and not lay way of Lime .
Mr. CREEVEY made a few observations
planation, in the coutse of which he disdair
idea of giving opinions on the next Report, whirl,
could not be so indiscreet as to antieip.ite.
Mr. ROBERT THORIiTON was dispeso
admit to the Noble Lord that the public cult; '
look to any prospect of payment until a
the charter was obtained. The Company in
nion had been hardly dealt with, for he must
that the country had prospered as much Cala,
Company is the Company had benefited by
siatance received from the country. With te.
the loan, the lien. Gentleman seemed tc• thi
it could not be obtained any where else, and
the Company ought to be grateful to ft.
opinion the Hon Gentleman was mistaken,
(Mr. T.) would tell him where he could
and even to a greater amount. • Bonaparte
happy to lend the money (a /augh ), aye, and
whole of the Company's debts, and give tern
0 years purchase for their territories. Tliete
not be any intention in what had fallen from
nourable Baronet, and •fhe other Honoue,ible Gen.
Litman, to insinuate that the COmpany's affairs had
at prospered under their piewitt nianatatmeet, be.
cause the face was, that they had actually pove/ad
more 4o than at any former period. The ataricaitits
under which they laboured were Pet prine;palty
their own seeking, but arse in consequence of the
wys in which they had been engaged ; wars which
hewas justified in denominating the am of the Hoare
of Commons, and therefore the Company had the
right to claim assistance. The Honourable Gentle.
man contended, that the trade since 1793 had always
bet n frosperotishat it was sufficiently so as to et.
able the Company to make a large dividend. tie
trusted that as the Government in India had ineuneil
vast expences, in fighting to maintain the Britiltie.
terests, that the House would not be disp lid to
make them bear all the burthens, because it thraad
the result must be, that if the war was contieuea)exr
Seer year, they must come td P.irlienkent for lrells
loans. When the report was made, the House atiela
be satisfied that the present loan would not bt itepta.
'.perly used. All that the Company !lesire.l was, that
their affins be s•rictly and d Tply scrutinized; they
vereno- afraid of the examination. •
Lord A. HAMILTON made a few oteervAinns
in expl .nation, and th,.n the House divit!..d cm TIT
•-a reading of the Bill : Ayes 52---Noes.lo—
.42.—The 1141 w,.s then passed.

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