The Statesman.
London, England, 1819-03-09 00:00:00

TAB ARMY FIST 111 A r

The Reuse Wes ion a l'ointostier of apply and. MI Owl
mans. et Lord PALM FAS roN, the Anoy lists eta sere
valseeed to the Comericee.
Lord PALM SILO N said. on the pre4est oressloo be
*odd asset Mos* wOh monies the of sea for she
Army lo prepare the formidatios foe the seesaw of the Mahn
Act. which essM early la a few day.' by agforkii Is this
vete. tfir a %Me am eecordes a as alt somber of MO. Gni.
OPollie wised eamit eliromelipes is tail* ions the vote might
be diseased he derail ware ibe Beirosses case seder matador.
etioms.. The Matt Lord careleded by oasis' a airerlitili..n
ishoiry. sod eosins ober ‘rers sessesieg iogrilwr
ell shad WINO mew, for the melee of die preens rat. The
itessisties traiegreed to, saddle Report set Is be received
erementesr.
FINANCIL
The Hoes*, on the ovation of the CUR NCEI.T.OR
of the EXCHEQUEIt, went jute a Committee es
the Consolidated Fend Acts.
The Right HO.. Gentleman observed, at this late
beer of the eight (11 o'clock), be should not detain
the Heine by 'sooting into en emended view of the
*object, bet content himself with staling the object be
bad in view, the principle of which might be discussed
when be brought in a Bill felted/dolt the Resolution
be should now move. It was is the Iteowledge
of Gentlemen that large sums bad idebly been
ids is the Eschequer, balloon of the payments
made on accosted 4 the Consolidated Fend, which
accumulated from week to week, till the end
of the gainer. These sums were, in fact lost
to the Public, and only benefited ibe Beek of Fig.
land, who daily sent a Clerk to the Eti_heqeer for
dam, who, on receiving the cash, deposited Es•
whequer Bills es securities. He should sow pro.
pew to take that benefit from the Bank, mud give it
to the Public, by investing a power in the Treasury
So draw these balances daily, which might be done
to the amount of 8,000,0001.; and to deposit as so.
Milt, &chequer Bills, to be realised at the end of
each quarter, and appropriated to the purposes of
the Consolidated Fend. Mr. Percireal, in 180 R,
bad contemplated tech a plan ; but after touch coo.
siderstieo, it was thought prefevable diet the
Bank should take the balances, they agreeing to ad.
Vallee the Poblid a loan in coadderation of the ad.
treatsges they dttleed from the arrangeseeot. This
agreement with the Busk, 'Mended to the sth of
Aptil, 1815, and was centioeed till the sth of
April is. the last year. At the time Mr. Peroevel
mad* this arrangement, the balances amminied or,
eleven or twelve millions ; but since that time,
they had been brought es close as possible, aon
during iba last year, there never was a balance in
bead more thou equal to meet the exigencies of the
Pattie for ten days ; and Gentlemen would, be
thought, acknowledge' they could not be predeetly
brought closer. The Rink had now offered its as.
sistence to carry the Dew Ilan into effect. Ile should
propose a ltssoletion, enabling the Treosery to take
• sem not exceeding sin millions, of the balances
re-
mainingin the Eachequer. Of this sum, during lin
present quarter, only three millions would ::e avail.
able, as three millions would he taken to pay our.
standing dentoods. The available sum would be sp.
proptiated to oho payment of the three millions to
the Bonk. This was the object he had in view. The
detail might be taken when the Bill was brought in ;
end, as this sass a novel plan, he should now consider
it as a trial, still propose to limit its duration to July,
IVO. The Right lionourable Gentleman, after some
further general observations, concluded by moving a
Resolution to the following effect :—" That it is the
opinion of this House, that the gr..eintprodece of
the Con.ol;thted Fund be male applicable to the
?Odic mike, to an amount not exceeding biz mil-
lions, as directed by Parliament, until required for
the purposes to which the Consolidated Feud was by
law appropriated."

Mr. M A !ARIA' had no wish In make we:arises
optinsiiim, or to mho the Hight Honourable
Gentleman ; bet he could not suffort he present op.
pnriasiity to pass wittiest • few observations. Ile
could not bit consider the country as in a most perils
ors siloatioa—a aisle was approaching, which the
Right Hon Centimes° either could or would not
we. In the (north year of peace, with many of
the We, TISIS fPl9lllll.llg, our mtpendlioro far ea.
rcedvd our lucerne. If be ondersinod the Hight
Hon. Gentlemen his proposed Nen wilt found.
ed in fallacy. The outstanding demands nn the Con.
solidated Fund were 3,200,00)1. ilia leas In he paid
out of the 8,00t).6001. The eensainitn; 2,800,0001.
would p towards paying the 3,1h.0.01;01 ; and 'Lis
was all the saleseitsbe the Public would gain horn
llait Right Rimourahle Cenileinan's Plass. The flan.
Member thew rowed lion 9 review of oar financial
aii•atioss. Our espei.di.ore was 20 asilllooa; or
Owe, 1.700.0001. • mouth. To meet ibis, we bail
the Malt, the I,..ttery, sun other %Var Teats : but,
alliogether, would not produce os more than
4,00U,1M01, up to t' .a 5110 of April. W. amid, by
that tiwe, be author million in arm, ; and if be-
tursss the 5 h of April and the sth of Jsily, the Et.
chequer Hills shield p.id Su es revenue, *le Right

st,

How Gentleman would be left absolutely In asleep',
rate ritesiini, as to receipts to meet the daily dam ead'
of the polilic,stervice, the dividends, and the aliatana-
'slava charge". 'Pais was no visieuary fear of hie,
fete ender existing cirrueisiances, with Eacheqeer
Rills at a discount of 225. per rent, it was soot at all
intprobable that persons would pay Om in. They
bore nominally indeed a discount of bet shat add-
ed to the YO4. premium, mode the disorient 224. ; aod
unless the Right How Gentleman raised the interest
on them, it was highly probable, thorned he (MGM.)
' contemplated would take place. He earnestly in..
;doted the Right Hon. Gentlemen to consists. the si.
Iteration in which he stood, with Unfunded Debt of
forty-tight million.; an iecoefe net equal toper ex-
' penollit•re, and remeers of malodor' Bed war with
the Continent. Yet, under all these circumstances,
the Right Ilion. Gentleman pertinaciously refused in
give even the most distant hint to the House, of the
Isis lure of his liesnchil arrangement for the year.
The C II A NC EL LOR of the EXCII EQU Ell. said,
the lion. Gentleman had misstated, tboegh,peshaps,
not intentionally, the situation of the country. He
had supposed the whale rereone, up to April, had
already bees espended ; bet in this the lints. Gen.
demo wag nintaken, as the public eefanditure had
been provided far up to the beginning of March,
without any of the 'applies of she present year being
touched. With respect to the Unfunded Debt, which
the lion. Gentleman had described as so heavy, he
(the Chancellor of the Exchequer) bad nn apprehen-
sion of it, as 18 minima of Exchequer Bills had been
fended since last year. As little apprehmosinn had
be of the Eacheqeer Bills being paid in, as they never
had been paid: its on former occasions, when at e
leech grouter di•moent. Whit respect to the Ways'
and Means of the ;newt year, which the llosi.Gen •
Ileabsit expressed such an stalely to haws laid Woe,
the !loose, the lion. Gentleman mast agree with
him, that it would be highly desirable before he (the I
Chancellor of the Esciiegeer) submitted his plan of
Seance to the Howse, that the Report of the Secret
Committee sheuld be made. It was not customary
for the Bodge to be &matted to Parliament before
Easter, sad he would set be betrayed lets any pre.
mature disclosure of his plans of finalice for the year,
by ally attack Which might be made eta his hone any
quarter of the Meese.
Mr. TIERNEY said, the Chentellor of the Es.
chequer had at length confessed that his Hon. Friend
(Mr. Grenfeli) bad bees right in hls argement for
the list lee years; and had at lust come to a resole•
lion to appropriate the public Atlantis to the public
service. The ststement of the Ilan. Gentlemaa (Mr.'
Maberly) had closely shown to the House what oar
situation was. lo April there would he a deficiency
of one million; and If, ea was likely. the Exchequer
bills should come in as termite*, the Right lion. Gen-
tleman's dificelties would become overwhelming.—
The Right Ilou. Gentleman had, however, asserted,
that this statement was not correct ; and that pert of
that estimates of the present year had been paid nut
of the receipts of the Wt. If the Right Hon. G.'ll
slatentent was correct, he was richer thee any one in
Ibe House supposed him to be, by a sum equal to sit
week; of public expenditure. The Right Hon Gent.'
bed said, these was es fear of the Exchequer bills be-
ing paid in. lie (Mr. T.) differed with him,. fee if he
had Exchequer bitls, be should be eager to get rid of I
them as leo' as posaibk. Ten days ago they were at
a discomet of Ins. then (boy were at 12,. throat Ss.
acid us., hocked, they were at 2s. only : but ohs
could sey !they would continue so ? They were
so, in espeetatiee of the Right lion. Geelleman's
speech to night; and when that speech was pot to-
gether, what would it enwient to. Yet the Chen.
teller of the Eaelterptet said, he would leave the
Finalise of the country to the chance of &chequer
Dill discounts. if those discounts should tern out
bed, the Right Hen. Gentleman would have no means
of getting money for his necessities, but by the assist.
once of the Bank ; and the Bank not knowing what
*meld be the decision of the Secret Committee,
would tot presume to assist him; on the contra.y,
he wield rad he mast repay the Batik what they
bad salvanced him. Ile (Mr. Tierney) could not
refrain from ternegly reprobating the conduct of
the !tight How. Gentleman, in thus keeping the
country in a state of suspense, in expectation of
a Report from the Secret Committee. Ile (Mr.
Tierney) could scarcely tepee that Report before
Easter; and certain be was, that Gentleman could
not, if it was made, consider it before that time;
yet the Right Honovrable Gentleman, under pro-
tegee of visiting for that Report, via the risk
of being left without money, and without credit.—
With respect to the 8,000,1)001. which the Right
Gentleman had eientioned in such triumphant
terms, it stow appeared that at least 3,300,0001. was
to be appropriated learners; end there would thee
remain only the sum of 4,700,0001. to pay to the
Bank the three millions doe to them; and all the
Public would get by this arrangement would be the
interest of three millions. The stale of the country
was frightful in the extreme. We 'matted of our
Sinking Fund of 14 millions and a half; but unless
that Stoking Fund was abandoned, we mot borrow,
at least, 13 million,. Ile did not blame the Rt. lion.
Gent. for this state of things; it was the revolt of stab.
born facts. But he did blame the Right lion. Geo.
tlemsn for not facing the danger baldly. Was it not
l that the Rt. Hon. Gentleman's private character "et
him shove suspicion, and the Right lien. Gentleman
was almost she only man in the kingdom who would
, be so, be (Mr. T.) should 'aspect him of playing
into the hands of the reenters's body of stock
brokers, whom his system of Finance enceoraged,l
! sued enabled to prey upon the unwary. The
of the Right Honourable Gentlemen's systems, and
when he said this, be meow she *tete of Minister.
of whom the Haight Honontable Gentlerna was the
month-piece, voila formed on conjecture of what the
Report of the Secret Committee *mild he. On that
•Cosijecture also dervnded the floctuation of mil
Fends. lie had no dash., if a Member of that
Committee would only give a little information,
he might torso the penny well. Ile spoke yodel.
111 1110) s ; but thus moils he would say, the Report'
of that Committee would contain things which few
per4oros expected, and subjects worthy of serimos cost.
Adoration. Ile would not now press the RiAhl Han.
• Geall.man further, as he was convinced the Right
lion. Gentleman would tot do Chat he wished high,
namely, speak out sod state to the Muse what our
untidiest telly 141 s. If he would bate dour this soMd