Star.
London, England, 1803-07-18 00:00:00

rotaidasENrAßl PittICEIDMGS.

11013010/ COMMONS. SATURDAY. ittLY .6.
*Mr. Ow, bow tbs Taft-briia Hitufe. prefeutcal fume meson
Motive es the bolabie, of EA
The aspect of the 3cotcb intend Na:igstion Bill mu betroght
top me wood to:
Or Wll4l SCOTT *Oleg op the Bill for encouraging the
tollauem of y wry Comes on their nom. Read a bra time,
and altered to he rood a (mend OLOW:012 Wedoefdar.
'lle name Polies Bilt was read a Mint ties and paEed.
The UM& Amendment MO went .egonemittec.
The Conneeittec open tic My of BM was pat
of tat Meaday.
The Hee& dice west into a Commit:wears tie Property I.
Area abeersiter et the Exchequer pm settee that be &mid.
ab.vlW blit had plied the Otromittee, move .o love it primed.
In the deuce anthoriang ulferfors, &c. in certain
cater to view and furvey lands, dweliing-hovien, Ste.
for the purport of ascertaining the value of the fame,
apes the nation of the Chancellor of the Erehequer,
that privilege. fo fax as torcerned dwelling bootee,
was taken' away.
The either roles refpeaing fcbedules A. and B.
were then gone threw gh, er jib Come verbal amendments.
Beforeproeeeding to the confideration of itlietitlit
C. which ',grids profits arifing from annaities
divi-
dends, od Shares of annuities.
The Civancettoe of the Eines/y.ll Rated, that
to eankquenee of the smowousreprefentations mad:
to him refpeiting the mode in whirls it was propofed
to levy this branch of the tax, it had been thought
roper to adopt certain alterations, which, he hoped,
would be found adequate to remove evcry objeftioll.
It bad hem reprefented at hard that the Bank fhonld
be compelled to produce their broke. To do away
this fu it grievance, he Should, in a proper Rage
of the buflrefs, propofe claufes enabling pertons hold-
ing flock of this kind to appear before the Commit.
fiances, and procure themfrives to be chargtain the
fame manner as for every other (petits of ptesperty
rased under the preterit Aa i they being obliged to
diaingailk their income arising twin Such Rock, end
from any other bores. Thus 'an option would be
afforded of having the charge mating them they-
tained witionat any onisecediry ditelofure ; of which
option if they failed to avail theasfelvelf it (haul.' be
competent to proceed gait& them as direfied by the
A. He then Specified the dairies which be prowl,-
fed &mild be esvanged, in lieu of which he fbould
introduce other% in the proper Rage.
&Taal Clatatbe is this blanch of the AM were then

gone through, thole propofed by the Chancellor of 1
ire Exchequer to be expunged, were omitted.
Upon the Claufe exempting from taxation all flares
in the fun.: belonging, at the time of palling the Aa,
to foreigners.
The Citaacmon of the Excuse's' expected=
opinion that this exemption fhonld not be limited to
the property in the funds belonging so foreigners at
the time of naffing the Aet, but fhould extend to all
property in the funds, at any time, to be purchafed
by foreigners. This opinion he entertained, not from
any idea that inju Rice would otherwife be done to
that clefs of perfons, as they were forewarned of the
circumftance ; but left, by the narrowing of the
fphere, the number of purchafers fhould be diminith-
ed, and a danger of the funds falling in value be
created. At the bargain for the lail loan this circum-
(lance had been communicated to a very intelligent
perfon patient, who declared it to be his opinion,
that the adoption of fuch a Meefure would clearly
aim that this was not meant to be a tax upon the
Mr. Pier agreed moll willingly in the propriety of
Andarging the exemptions, though he did not fee that
the evil dreaded by the Right Hon. Gentleman was
So be apprehended. He approved, however, of every
delicacy with refpea to the funds being nbferved ;
and was happy that the pi inciple of good faith which
be had inculcated on a former night, had not only
found its way into the mind of the Right Hon. Gen-.
denten, but had taken Inch hold dive, as to induce
him to widen the exemption even farther than he
could have fugge(led.
The Catactattoa of the Ex exprefted his
hearty adherence to the fentiments and opiniem,
which he had delivered on the occation Jnided to by
the Right Hon. Gentleman. He trolled that, how-
ever much he might with to inmate the revenue of
the country, he thould never employ for that purpofe
any method which might, in the molt diftant degree,
implicate the public good faith.
The ATTORNEY GEa teat. defended the conduit of
Min-liters againft the accusation of breach of public
faith made againft them by the Right Hon. Gentle-
man. He remained decidedly of the opinion which
he had formerly delivered.
Several other Member; fpoke ; when the Chancel-
lor of the Exchequer's mention of the exemption
was adopted.
The confideration of the claufe in fchedule D. re-
(*ding the annual profits or gains arifing to foreign-
ers, not rt-fident in this country, produced a long
converfation, after which the confideration of it was
poftponed.
Upon the Claufe fettling the period from which
gains upon trade or manufitatire fhould be computed,
a converfation enfued. in which the Chancellor of
the Exchequer, Mr. Pitt, the Lord Mayor, Alder-
man Combei and Mr. Kinnaird, took part.
Upon the fuggeftion of Mr. Pare, it was at length
agreed to be underftood. that loch profits or gams
fhould be computed " upon a fair and jull average
of three years, immedi.:tely preceding the time of
making. the Ali. li.tnent."
Having got the length of the 48th page of the
Bill, the Houle adjourned about half pall keen.