The Statesman.
London, England, 1823-07-03 00:00:00

plus being Included under the general head of Iteve.
ni., made the whole Revenue for the year araouat to
46,700,11001. The expenditure for the year amounted
to 38,000,11001. So thus there was a clear surplus of
6,700,0001. realized for the service of the public. The
expenditure was made up by 26,1100,0001., the annual
charge for the Funded Debt ; 2.b00,0001. the sum to be
paid to the Commissioners of the Naval and Military
Pensions; 5,4100,0141. • applicable to a Sinking. Falter;
beside other charges, includinz the Civil List. Contia-
gencies, and the Miscellaneous Estimates. As be had
before da'ed, there wit l'Surplui iii Ways and Means
over the Sripplyl of 409.1771: of which 244.1301. would
6be applicable to the diminution of the Unfunded Deist
list the Anguswas 409,1771:, which left a balance of
163,020. This balance north' be of the greatest ad-
vantage, as it was most desirable to hare hornet b tag in
hand to meet any casual diminution which might arise
in the Revenue, and this was not unlikely to happen
!from the operation of a Bill now in progress through the
House, from which, though. great benefits might oiti-
soatel3r be derived, would •vet, perhaps, in its first ap-
plication, be productive of at defalcarion in the Reve-
nue. kie meant the Distillery Bill. But whatever
might be the twilit, he thought it his dory to try the
'experiment of what good may be derived from them.—
Therefore, in the event of an unfavourable result, it
would be eatipfactory to knots that there was a sun lue
to meet whatever contingency might arise. In fact,
there was also an additional surplus beyond that, be-
cause the surplus of the Consolidated Fund was taken
on the supposition that sill assessed taxes repealed, were
llyst to the Revenue. • But that was not the case, be-
settee in the two quarters of the year which had already
past, there was an increase. Perhaps it would Out
be unsatistietriry to the Committee if be alluded a. •
a little to the state of the Revenue at present,
that the House might see if he were justified in
the irvourible views he had enterained at the coin-

weencernent of the Session as the result of the mea-
sures which he teen contemplated to psopose Is Parliament.
Ile was then sanguine is los expectations, which were not
disappointed by tie state of the revenge for the last half
year. indeed he was rather surprised that those expecta-
tions, thew so sanguine, were exceeded by the result. Ire
had the accounts of the receipts of the present year from Cie
kh ofJanuarytip to the 23th of Julie, 1823; and the accounts
from the sth of January, Ite2, up t) the 231 h of July, 11124
It would be seen that the first account could not inciude hie
whole of the frst half year, the account being only brows
down to the sth of Jane, when (lie quarter rusted on the sth
of July. And It was well known that the last days of tue
quarter were not the least productive. From those accouiii
it appeared that front the sth of January to the 23th of Juno,
1823, the receipt was for—
Customs
BAls and Cash 72,291
The average of what may be the receipts be-
'wean the 25th of J uue and sth of July inclusive 5t1,0(4

4. 1611.0.1 t.
The receipt for tbe corresponding half ytt:!r of
4,036.54t4

.t 1219,804
Thos it would appear that there was an actual increase of
139,y04t in the Revenue of the half-year of 18E3 beyond
that of the corresponJing half year ut I 82,2,—an increase
quite independent of what it would have hen if no` taxes
had been repealed ; to which, if the G 6,000/. arising front
tans not repealed, hot included in the half year of 182 E,
were added, an increase of 203,8041. would have been
left under this head for the present year; therefore it
would be seen that he had nut estimated the increase of
the &Tense, notwithstanding the taxes repealed, too
highly. when he said that they would not be less this
year thaw they bad been last ; and from the increased
trade, swishy. and enterprise of oar population, he
should not be suguised if there was a still farther in-
crease. In the Ilscise the increase was not less satisfac-
tory, up to the Eiith ofJune, 1823, on a great number of
odder, and bad considerably exceeded the amount of
Revenue from the same a•iieles during the same time in
1222. But is other articles the result was not quite so
satisfactory. However he hope.t that the difference
would be made up before the half year ending the 25th
of July. Front the accounts it appeared, that from the
sth of January, to the 25th of July, 1822, the receipt wa,,
for the Excise •
And from Jan. 5, t0i1:n.25,1823 10,571,094
To which, if added, the probable
receipt between June 25, and
July 25
Would make for the half year of
1823

658,000

11,229,081

1:896,052
Thus it would appear that there was a deficiency in
Excise for the half year of 1823, as compared with the
corresponding one of 1822. of 896,0521. lint the Com-
mittee would recollect that this deficiency was accounted
for 11 the diminution of taxation, and he would b. able
to show, that if no diminution of taxation had taken
place, the total amount of the half year of 1823 woul
have exceeded that of Init. The actual loss which bad
been sustained under this head of the Revenue, in c,
sequence of the reduction of taxes• on hides, malt, salt,
&e. amounted to 1,351,8751. But the deficiency f the
revenue amounted only to 896,0831., so that there must
have been an actual ioprease of 455,7911. It would not
be proper to trouble the Committee upon the other
items; but he had every reason to suppose that this de-
ficiency would be continually on the decrease. In the
meantime he was enable to state, that while there was this
clear improvement in the Revenue, there was a gradual
reduction of the amount of the National Debt; and fur
the purpose of shewing this, he would compare the
amount of the debt now with what it had been on the
sth of January. 1823. The unredeemed fended debt,
including every thing, then amounted to 796430,1441.
The sum redeemed by the operation of the Sinking Fund
since that period, is Great Britain, amounted
to • • 1,834.055/.

In Ireland - . - -
And by the sale of Life Annaides and the re-
demption of Land Tax - .

'172,2142

392,696

X 2,300,023
Therefore the National Debt bad been reduced slate J in
last from 796,431.11. to 794,181,11. This was the state
of the Funded Debt; and it should be recollected that no
addition whatever had been made to it dnting this period.
A similar reduction bad takes place in tie Unfunded
Debt. The amount of this on the sth Jan. 1,333, was
31,235,150 L, and on the 30th of June last it nes
35,496000/. Thus a reduction of 737,150/, was affected
lion the Unfunded Debt, which, if added to the reduction
lea the Funded Debt, made the total reduction for the
bdflear amount to about three millions. There would
he a further reductibn within the year, be hoped, of about
Oltlo,oool. But these reductions had no reference to what
were called delisiency bills. This charge on the sth of
Jan. lost. wanted to 5,928,3.141. And on the sth of
Apeil last, when the last account was. made up, these
hills were rideped to 3,723,218/. Thus, ;wider this bead
also, for quarter, the-
two sr''
wont

I,

also, for one quarter, there was a reineiinsisi more ibso
twomillionst and it would be inspossihte iny bon it
would standat the end of the ensuing qdirtef. However.
it was not likely that the reduction would 'bases than on
'be preceding quarter. This Was the able result.
while the ltorirtnuent were able to toalte.e4psiderable re-
Inceion in the burdens of the peopk. *ould
ndt be iiHriy to hear the unionist of the higaialtieb bad
been reduced witida the list tin yet; 14siikkh the
lon, Mmes Ail the npplia An! E • credit
thoWies; Ths7 soy GU 00: 'Es was