The Statesman.
London, England, 1818-04-21 00:00:00

The Motion wee negatived without a division, affair
which the House adjourned.

HOUSE OF COMMONS.
An Account was lamented of the Sovereigns and Half Soy.-
reit,' hoed nom .i:e Mini.
General THORNTON rive nailer of it Molina for an An- '1
eosin af the several Grams to the British Museum, mad of t..eir
ay&liration.
r. Alderman WOOD presented is Petitio., from Bishops-
irde namoo,r the Poor and Parish tilesitle-' Bilk. Odes pie‘eir
a hope, chat ttt, least tbc City of Lunduo would be eic•ptcti from

these —of which world be Litre ,
pi UV i4' /I b le.
A Peiiiiiin against the Nit/lie: 801 l was preso ted kara Sepale.ire's. • •
air N. COLT HU RST pretested i Petition Ave the :
holden of ior City of (Grk lbg Illi nil the Wit due 'fa,.
Mr. GURNEY ',resented a Peti—iii from x 4r. piA_ against the claims rof Elevee Copies of ..e.-rs Work by th,C,
err-itila. ar.
('moral HART prevented a Petition fora Comnotitisi
T the-from Donegnl.—Ordered to Ikon she Ahle rf
Mr. MARSH powspoised kis imusion eel icing io ih,. Nehai—
Areut, to toe tit it 111.1ffill.
P.AlLlJULViactiummailzentu-,. . . ..,_

....t. oxiiniUTT7l-1111-1111.R11 ;11./1.,../ithas ib.• .
11..dorbolders of S. Leonard's. Stm,e4iteii nabs., ',—
Laws' Bill, mud I tie Para Vestries' EV;
„Lim
..i.....__1•r Aor
iis lib tiplailia, "gra 4 -.714-iii.ess to ilia st si I Is. i - - --.-''lpleil...
.411 a Bill 4 10 Me ippon meat oft erosisaeol Cliairtgurssg-'" B'r
lowlag.• asmshir afirioes its provisoes', t ets.gesi -1 - ilk.
;irlssitille at Seleet lfestrie..thkter th.. kreair,',...l ii,k"l kg
happen. that a slag% perms miglit lane ilk 4,1%
voles of die parish.. Is it paiish of Me Metros ' sham.
one great firewhoese, a bee, woad knee a did deZ"
majority at voted. As tea the other Mi. be ' owl degre,
15,..
dilkokies aimed be get ever, se Sisal telly Wiwi.* of t
Me horde* of the faits on Sac owner. *admit iv she
of booties, whicts had ti,esi sverissfallteturesisollis SI,
Birmaigliiis 6 es sell os lathes (Lieu-. tehle*li ore is 6ii"
she power of taking away issid sloop•itlasg of eliiigroui6l6-4
li e pureon applied compile lea relid.
'The Pearl' was or4red to be *a the table.
The Report of the Riti•ogil Cenuaiiteli was Maggio ah 1,
Mr. P: NI oo a b., aid ordered t Ale prilled. -r•f
• A Resorts was_ promoted or the loonies efthe Loyal Dth,.
P-e7soter. MctiNvNictiedNafirr°Cllel64.lldierl'itrilli.ikearegilialiDdilariaailnUilleTelkuififiGi4
Basik.-oriteeed.
The ATTORNEY-GENERA L sae* mike et a pah
peel the Law of Trinib% iktile.-01• ern a,
WAYS AND fiIEANs.
• The CHANCELLOR of die EXCHEQUER h•ivismod
the Order of she Day. for a Commute' /4 Way, anti gom."-
Lord STANLEY took occasion to observe, nits 'chub;
tones Regulation VIII. is duty of lb,. Or cral. *as i ,
pit all goods ex .oriad. Ile wished to loom whether aassgri.-r-
-thm was mot to Ithaimide is ea VOW of CiP too v.,thhoi •
The CHA NC LOR ..f the LECH Elati I.R 14%4. em,
flute were sande to the 4.11, or that to t...s said ..II area, ,14
previsasly were not undeet to the dins A Ado be es. wow
Sir H. PEEL wasted, that en Merida) Neat die Woe. met*
at 11114‘111 111.1 r everepees the retold/retie' et tee
,Comis
Fano*. Labour Bill.
BUDGET.
The Speaker having kit the Chair.—
The CHANCELLOR of the
eayPuth.bliccanuclidiLlsthlidiesfse,
EXCIIEQWOII
after a few prefatory observations on the istportsage
rithisbfirninagnicniagi
poll, a abeithiweseetndlehl
l a.
Mhoa , twat the tertiary( the heroin had .here fogy
arranged, and nearly completed. Between' 7"still
800,0001. were all that remained to he &towline!.
But the measure being in seek a staters( foraatthess,
he thought It was not emproperinlim to tali apneas
House that day for their approbation of i i.osesat he
.Ilel offered. The House might expose ftearlibt
11111111 kind of general 5 tate.", 'of the leemilit
operations of the year; its dolog-erfilch, hummer!)
was sensible be lay under some disadvantages, as
conspired with what be might 'have been etrabkd*
state at a later date. But other occasions mein
course occur, when he tristed that Gentlemen OmM
have opportunities for observations or corrections al
any ststemonte much better tl,ao could he practicable
at present. Almost all the principal branches of the
public service had been already voted; therefore ip
felt himself abbe to give a statement of the littaacell
generally. 'tir,ith a -feet exceptions. The 11.. use hall
'voted the Estimates for the Navy sad for the Arai,
wscepting for the Birettas, which Mood in the Amy
•Estimates extraordinary. The Ordnance Estimate
too hid been voted, and a considerable progress bal
been made in the branch of Miscellaneous Servim.
.The rum intended for the Army Extreordineries ime
1,900,0001., the total amount for the- ?troy being
5,9700001. The sum voted for the Navy sup.
plies last year was 7,506,0001. This year the
sem was 6,456,0001. Toe sem voted for the
Ordnance, including votes 'of parts of the Ord.
ounce supplies among door Navy supplies, was, this
year, 1,24'6,0001. Lait yeedi was 1,150,0001. The
Miscellaneous Services of this year were 1,720.0001.,
not including, however, the sums required for hail&
king New Churches, which would be provided for Ni
their own grounds, but including 100;7951. for iir
creasing small livingi. The total supplies for dip
year were 18,392,0001.; last year the total supplits
ware 20,374,0001. In addition to this, there were
2,000,0001. on Excheqeer Bibs to be provided fes
and 560,0001. for the Commissioners of the Siekiel
Fund. In consequence, the total Mosel lobe prd.
vided for was 20,953,0()01. 'There were also several
extraordinary services of the year. The first was a
Grunt voted by the Haase for the fortifications of the
Netherlands, in consequence of the Treaty to Ott
effect. But oot supply that would burden the as-
lion was required for this purpose, and there wag
no occasion to refer it to the Finances of the year,
as it would be be provided for out of the Frog*
contributions. The sum was 795,0001: There was,
' besides, the sum of 400,0001. voted in conseqeeoce
of the Treaty with Spain for the abolitien •f the
rilleve Trade. And the only other sum was a deb.
dewy. which would be found by referring too the
lircounts on the table for the year 1817. Ate; Ii
Sepplies of the year bad been voted, a sum' of
,300,0001. mas voted* It had been imp& togi Via.
fewer's! Vote of Credit to Government rent .of dot
and Tar; bet last-year it was ,thesight better !het..
a. Vote of supply- should bib given rather than at
psalm of .enticipstion ; het ibia.vote• man .given at
too,. late a period for the Ways and Menus, and
therefore a defiamtcy now 'Oka Of 259,0001. The
total extraordinary services were 669,0001.
The. complete service; Of the year requited
i 21,611,0001. thus :-...
-Arley i ' • • 5i1i.970.01)
Navy . . 6.4.56.800
Ordisaure a . a .. 1.44000
Allorelioneons 1,751).0i#
borne,' . a Kaaatiplar.Biii. . . 200900
. Aistkilig Foal . . 6513h41150
Stutaisb Treace . ? 401000
Helleiesicy of Ways tied Means last year 45%6W
Total . 131A1:486
Now the Ways and Means by which those sod•
plies would be provided, were those which he seer'
about to detail to them, and to submit for their aP::
probation. The first was a sem of 3,000,0001. to be
raised by assail tiler. Tole WM precirely`the tame so
in former years, and required no illustration. The Si',
mind part of the Ways and Means win, the goer g
3,500,0001. from the Excise Duties, which were '"'
c.iriviet table,int h
etilll
elB:sleige Untie amounted o
. Byo trieferencetothe: thecco istocih e
ts On,
January last to 3,124,0001., but this year he alt
-on fideut they would moment to 3,500,000 t. The
third. was 250,0001. to bi raked by a Lottery.
w ;7.
f(t ilweadsr.
2.
su/se,a;
x!
mf.rfotatm.the, .
.oippo,iseedfitr,.ctirra.lai
OT:t:
le
tip"'
rpt,h.
Ilia yielded last year 400,0001., bet It was ais.life,t

.... . .
• .
. ,
.... 1 .
Bins; thliregalatio.io 4 Mhir h would be t..eee'ruut
ica tile.
Pitltell'tinhiiife:le":::4;ll74eAtitiC;llll;Wi,
r14:17::::;::
Inure'., w - -nth it.
N. COLT HU RST pretense! a Petition flkoa the ii
...
. GURNEY pelesmsed a Peti.,...1 from x %le iri,4_
Ito. Re.
treat HART prevented a Perlman for n
. from H.thegal.—Ordered to lie On 111C,i1C1)4111.4116114 ...
. MARSH powarowd hi. motor' rel a Illti to*. 11i
_., •
, to tve %IL 111.1t11.
w
SitfN-r -hviALI - -
~ el fi.,..
_sOios 1 _ -..
riteldett of St. Leonard', Stos-eitite.li eiii„,, tilted .
' Bill. sad Ow Pirsts Teortif OW,.
„Time rife m
iplai on, -gra 4 -.714-iii.ow se ilea of al I la. pro," .1
ill 4 ho My uppoth meat ofperastawal Chairtawa 1 iota'
ra uumosier et votes iu preportinto I etopell, ,W
Oleat Select Yestrie...Thuler ih..• Iferume,t 1111, .ii 11"
it. shut a stogie penis &On bleb ibe moioe*
of the Pari.h. Ii a pami.ll of the Metro skim_
reat firewhi.ele, a high, woad ewe a tal
dyer tore. At to the other liiil. lm' rot dist'.‘„
hiseaai4 ee get over, re Shut sow pristeiple of I --'
sties of the faits an the umber% mid out n•• the
set. witted had tm,•eti .vareaully:cutrestardlie nut,
Wheat s so sell Ns tattoo itemise. sehielt emit,
.per of lake* iwav dew omio.,Joeg of elliildfte :'N_r•mir
rents applied fut.pimm Mel Mid. od
Pend' cat or4red to be on the table.
Report of the Elko(' Cammistea *Mt boogie 4•4
. NI uo a k., aid ordered i ' tee whited.
tiara wmtiremeided of the known of the Royal beet.
MANNING wowed ter ate areenni of 'she 14 41
rt
up e•avieted for count/telt ithig Dollies aid Takao**
—Oritee ed.
ATTORNEY-GENISRALtaae ardiee of a evenn,
re Law if Tri,st us lictile.—LH. art]
WAYS AND MEANS.
CHANCELLOR of the EXCHEQUER h•tri04444.4
der of the Hay. fora CoMmltale of Wa)v ono *
I STANLEY took occasion to observe, snot iatbit„4o
legislation VIII. a duty of lb,. Or eras, um below e,„
gnu& ex oried. Ile weaned wken, whether aamoti,.
m act to Ithaviide its ravage of CiP too e.,whm f
CHA NC LOR ..f she LECH EQO I.R thi4, epee,
Pere wade Ii the 4,11, or that co: tog said .41 rt..* 4hijk •
wily wore net satinet la the dets A Add be ea. atom.
1. PEEL tromed, this on Moodav Neat she m. 0.. en* •
rush hi.ar, rotor alma the cuasideroltha of tits NAN. ~
ie• Labs's; Bat
BUDGET.
•
a Speaker having left the Chair— • •
e CHANCELLOR of the EXCHEQWA
It few prefatory observations on the istportsom
inging on without delay the con+iderstae et .4 .
lancial plan between the Public and individeds, '..:.,
that the termeof the heroin had -been folly
red, and nearly completed. Between' 7"end ,
001. were all that remained to he supplied. ~:
se measure being in seek a stolen( fora *Mom, ;t.'
logbt It was not Obpreperitibito Weill dived.
I that day for their approbation of ii.o.reives ha
ffered. Tato House might expect 6rinullfe L 4
kind of general statemeo. /of the faaadat f
lions of the year; iu doies-idilch, harassed)
tensible be lay under some disadvantages, as "
trod with what be might 'have been enabkd to
it a later date. Bsit other occasions most It
s octet, when he trixted that Gentlemen estM
ppportonities for observations or corrections al
atemootil Mach better than could he practicable
sent. Almost all the principal branches of this
service had hems already voted; therefore le
instal( alas to give a statement of the tinware
illy,Wkith a -few exceptions. The 11.,nse had
the Estimates for the Navy and for the Army,
rag for the Birettas, which Mood in the Amy
stet estraordinary. The Ordnance Estimate
id been voted, and a considerable progress had
node its the branch of Miscellaneous Serrim.
meintended for the Army liatraordloarres ow)
,0001., the total amount for the- ?troy being
,0001. The sum voted for the Navy sup.
last year was 7,5911,0001. This year the -•
was 6,456,0001. The sem voted for the
nce, including votes 'of 'parts of the Ord.
supplies among the' Navy supplies, was, this
1,24'6,0001. Lait yearli was 1,2.50,0001. The
!enemas Services of this year were 1,720.00011 '.
:lading, however, the sums required for bail& ,
iw Churches, which would be provided tor ed
1..
lin grounds, but including 100;7951. for hi!,
ig small livingi. The total supplies for lbe
rere 18,392,0001.; last year the total supplits
0,374,0001. In addition to this, there woe
0001. on Excheqeer Bills to be provided fort
0,0001. for the Commissioners of the Sinkiel
In consequence, the tOllll snout to be pre.
ror was 20,953,0001. 'There were also Until
rdinary services of the year. The first was a
!cited by the House for the fortifications of the
lands, in consequence of the Treaty to Ott ‘,
But oot supply that would burden the as- 4.•
as required for this purpose, and there war
union to refer it to the Finances of the year,
Poold be be provided for out of the Frock
lotions. The sum was 795,0001: There was,
the sole of 400,0001. voted in cousegseocs
Treaty with Spain for the abolition of the '
'rode. And the only other sum was a deb. ;'
which would be found by referring too the ' •
its on the table for the year 1817. After Is
is of the year bad been voted, a sum..sf -
01.. was voted. It had been aseel-togiviA
Vote of Credit to Government *et .of AS
'a:; bet last year it was,tbeeght better that.,
I of supply- should bi sleep rather than ,e.
of .enticipation ; bet ibia.vote• wee .given at
e a period for Ilse Ways and, Means, end
re a defiaeocy now-404w* of 259,0001. The
truordinary services wire 664,0001.
I. complete service; of the year requited
,0001. thus :••••
i ' • • ~NAP' •
•
y• • 6.45600.
1,950.101 • • %,
wore • • • c
✓eliant-am . . I,74u.nst• s
,rew • a libeteseer Ban . 2.44.11WAP.,
,iwg Fogad . . Woes,
insi Treaty ? 400,000
cieticy of Ways aid Meats lam year 459.6b5; • • •
„..._..—.. i.
Total. •01,612.086
the Ways and Means by which those rof• .
oold be provided, were those which he seal.
D detail to them, and to submit for then sit;
on. The first was a seer of 3,000,0001. to be
y aeons! toilet. Tide was precisely' the tame as. 1
er years, and requited no illustration. l'he se.,
int of the Ways and Means wis, the suer of ..
1001. from the Excise Duties, which were ,°' ~
Iree,tliallhlsielBi:ll.3..i:i2Bluy;riooliepifers.e:unbuceoututoitedhtisheoy:ipsctehroeohisniethsi4oo::
,
.•e__-- AL - I' L---W-... % 'VI... /..firthsentasth2ey °50,01112d. litolikimilvintlato 5
ke3SWbaXt 111.;7 .1"

,

. -
miry s!•filig., year since tile, worts
eeeri.4 became Tells veleable. The fifth,
.11TvrT
011196 arrears of Fr eresOperty-Tit, 35b0001. urn,.
were gill to be collected, and the mei kited woildit
be treated, be realised for she service of the proseotl
year. Tee sistit-part of the Ways end Mesas was a
• •
sem of t 1,4481 of profit, arising from the assistance
ifohled bs 'Pa filament to Public Works last year by
the hsue of Exchequer Bills. The total sum raised
IT show, Ways' and Means was 7,111,4181. Ile
eslailated on no surplus on the Consolidated' rend,
although, he felt. assured that there woutd'be a sur.
plus i • yet, he reserved that for the payment of arretei
that might arise in course of the year. Nest. year he
hoped to be able to give them a More satisfacto,y
accieset of the prodece of the Consolidated Puod. and
of the arraseernent respectbig it. The sum then pro-
es be had slated, compared with the total sup.
. Vies, left 14 000.0001. to be; still provided. It was,'
in fact, but 13,000,0001. some odds; for 600,0001.'
Svisuld'he reduced of this sum from CirCoostawCllll
extraordinary nature to which he should after-
*bras • refet. To provide, then, for these fourteen
Winona,• and for the reduction of the Funded Debt,
be had now to submit for the approbation of Pattie..
%out ,the Mau which he had adopted and aroused,
Yn this Pld4 the first object he bad its view was Se
effect very considerablOreduction of the Unfundeil.
Ditht, outstanding. It would be allowed by all who
were convene with. Ibis subject, that during the
first years of rice it was always a matter of les.
port4nce to reduce a great part of the Untended
Debt accumulated and left by the war. In 1,81.6. he
bud stated his intention of providing for the Un-
funded Debt, accumulated in the coarse of two
years, at the end of that period, if the Nate of
public credit were favourable. He should eat now
feel himself hound to reduce the Unfunded • Debt,
merely because he had given that promise—nicer,
hear !)--if the public service ',weld not be benefited
bt hit acting in confurniity with the prospective re.
pr,•4lststion •he had then given. But the Poblit
tenont he benefited by it ; for his Mast for the reduce-
rum of the Unfunder! D.bt more than accomplished
that f.tject, left a surplus for the public service.
TtieUi.fundoil Deist had greatly increased. Increased
as it was, it had been provided for in an ettraordi•
nary manner. Yet to continue increasing so largeen
eccumnlation of Ustfunded Deht would not be wise.
It bail been increased last. year 18,000,0001. In
ligja, he had invested our Unfunded. Debt rather
than raise a new loan, because there was a consider.
able'saving iri doing so. The interest payable for a
Loan was caved at the time by Increasing the tlit.
funded Debt ; and, although the supplies thee pro.
Vidal, for were paid by a Loan at a future paled, yet
there was a considerable iaviog in this mode of pro-
ceeding. The 3 per cents. were net !Oil than 80
per cent. Now, suppose that a Loan should have
reduced them to 75, there was a difference of
2,000,0001. There was, in fact, Dot less than
16,000,0001. saved upon the whole of the Unfunded
Debt by this °pewit's. This formed a good reason
for having increased the' Unfunded Debt, while the
large increase of it formed now a good reason for its
reduCtion. Another reason for making the bargain
at present was, the reduction which had been
effected in the capital of .the National Debt since
the termination of the war. It might be pro.
per to state :o those who were not familiar with
those transactions, that from November, 1815,
'the capital of the Debt was reduced by the
amazing sum of 50,000,0001. That was, the Na.

Ilona( Debt was now 60,000,0001. less than In 1815.

So that by fending what he proposed of oar Unfund.
ed Debt, the National Debt was net raised higher than
at that period. The obvious effect of the propo.ed
reduction would be, that by clearing the mnoey
market of that high charge of Unfunded Debt, it
would increase public credit, and through the opera-
tion of public credit, the 4 and 5 per cents. would,
he trusted, be reduced to 3 per cents. lie could
readily show bow this would be brought about. The
interest apop money would improve, and lo conse-
quence of this improvement the plan of reducing the
4 and 5 per cents. would be carried into successful
operation. He by no means despaired of carrying
this into complete effect in the course of the nest
Session. He should now state the means by which
the objects he had mentioned were to be accomplish
ed. The original principle of his plan was to raise
the 3 per cents. into stock bearinginterest at the rate
of 3f per cent. Two advantages were gained by ths.
transfer. Th. first was, that money would be thus
obtained for the public service; and the other ed.
rattily was, that this plan was better adapted for
the reduction of the 4 and 5 per cents. then any thqe
could ho devised ; 31 per cents. would rise to pat
much sooner than 3 per cents. ; and it would bi
mach more satisfactory to the holders of b pee
cents. stock to take 3 and-a-half per cents. time
to take 4 per cents. with the apprehension ,of
being reduced to 3 per cents. This wee,'
therefore, more favourable to the reduction of
4 and 5 per cents. than any other arrangementirri
The 3} pet cents., increased to 27,000,0001., pt,,
diced a saving of 4,000,0001. of the capital delis
thit Would be created by a loan on the mum terms pi
at former periods. In, consideration of obtaining a
transfer of 3 into 31 per cents., a premium of 11 per
cent. was to be paid as the price of the difference.—•
The actual difference, considered as an annuity sale-
able on the same terms, was 13 per cent., calculating
the 3 per cents. at 78. There was thus a bones of 2
per cent given to the purchaser of the 3 and a hplf
per cents. Re had been encouraged to adopt this
plan by its success in the Irish funds last year. The
3' per cents. were there transferred into 3 and a half,
that 11, 1081. Irish, were transferred for 1001. Eng-
lish, one-seventh of the national rate of exchange
being thus sacrificed. By thii means not less than
half a Million was raised in the course of last
autumn. This success had confirmed him in
his intention of proposing a similar transfer here.
On the 14th of April, therefore, it bad been made
known at the Bank, that a subscription would be re-
ceived for part of the Sepply, and an option was
given to fend Exchequer Bills. On the first day not
legs than 8,000,0001. were subscribed. By the first
part of his plan, that Is, by the transfer of 3 into 3
and a half per cents., 27,270,0001. were to be funded ;
and, by the other part of of his plan, that is, by the
subscription of &chequer Bills, 7,600,0001. were to
be funded. The plea had been received so well on
Friday lints that the whole amount was almost cos.