The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-03-22

Il do do do' s sttn Of q i IIne
Is 30 30 a &c., 18Th 50 Sf q ss Ss,oss9
49, The deposit will be retained as security for the
future on the days specified and stock will
for To: money paid in at each instslment after the
.6. The interest to commence from the 9Th January
isa7 and for whole payments made before the I'd
July ls7 the contributors will receive the half years
w. No reserve for public companies
s. sealed paper will be laid upon the table pre-
amount Of money that Lord John Russell and the Chan
ceor of the Exschequer will feel themselves justified in
smaller sum being rendered in the several proposals
than that in the sealed paper viii in such case be open
| the treasury at ten o'clock '-' -
AT the time and place noted above the biddngs too
place, when divided between Messrs Barring and
Messrs Rothschiid at the price Of 500.
The English Budget,
In the House of Commons, on the Slst of February
financial statement fthe year. He stated that II Wa
many years since Of the Excheauer had Ia
report such heavy demands upon the Exchsqusr, but
those demands were occas0ned by the dearth Of food
which was visitation of Providence. Thousands OF
starving persons in reand appealed this country for
Never however had the finances ofthe country been 40
able to bear their demands For the first time there had
no deficiency bills and the produce Of the
| had been sufficient to defray the expenses of the
State. In the Customs the produce of every article
,or the las. nine months had with the exception Of
estimate In the Excise, with the exception of sosn
the same had taken place. The right hon. gentleman
expect that such state OF things would continue He
found they were on the verge Of check, but saw no
matters were on firm basis, and attributed such sound
ness to the effect Of the banking bill of Sir
the last year was as4 S an 600 Gxoss lot
trouted by articles Of food f2 900 of drink and by
tobacco a. ss6 o9o making fs o6a out of f34 O76
mutton Of employment in the The
drain Of bullion in the bank has been SO great ar
might be expected. Ths amount of bullion was oniy
81 200 900 less than it this time twelve months
The late Chancellor OF the Exchequer had calculated
up sas ooa o. and the actual surplus
port Of foreign sugar He would state what the pro
bable income Of the year from 9th April, is4s to 9Th
duced f7s30 900. He could calculate upon such an
amount, but still he calculated in security. There had
and silk last year. consequent upon the reduction al
duty. and he calculated that this increase would con-
the customs would be 900 OOe OF excise dutas he
reckoned for the year an increase Of ELS 700 OOO lie
from stamps revenue of FL 500 OOO from
taxes Ooo from the property tax f6 1000 from
the post Offices fs45 000 from crown lands f2O 600
from miscellaneous sources Of f427 600 max
Of the interest of the debt and the Consolidated Fnnd
would be fs0735O 900 for the army, f6 $40 O7x The
navy vote would be E756 0O0 the Ordnance vote would
be f2,679 1877 being increase of EI35 56s I'll. mis-
celaneous votes, exclusive of votes for Ireland would
be 1880 600 being an increase of f3s7 600 The whole
OF the estimates would amount to Gao e5l OFF, ma king
the whole ordinary expenditure Col 900 What the
expenditure for Ireland might be it not easy TO state
Tor 1t depended on various circumstances ever which he
had no control He should be safe in the
pendture at much less than 900 900 month p to the
tune OF next He could not calculate the at lass
than 80 0oO0OO The question then, arose whether he
should borrow all the e. OO0O 900 or only part He be-
eved that the more prudent would be to borrow
az once al the money The next question was, whether
IN borrowing so large q of money he ought IA ac
company it with inc creased taxstion, only for the
purpose Of paying the interest but also for the
Of the principal at distant time The present wear
however was an unfit period for increased taxation; for
any sie alton u taxation always produced ssgnation
Oh ade he therefore proposed raise interest of
Exchequer Bills from l1st to I'd day The annual en-
psnse which he should thus incur would be fi4S,OO0
his surplus Of f4ssO which would leave him oniy
surplus Of so that upon the whole he should
this statement that he could iii spare snv rsvanus
THIS year; and that must be his answer to the va.
slous appica.lons which had been. made to him
ior q reducnon OF the duties tea, tobacco malt
&c Having next stated that he did not intend this
to propose instead OF an annual system Of
sugar duties ne proceeded to regret the interruption
which the calamity Of the country had given TO the
meical and financial policy which had been carred on
for the last four years with such Unparalleled
He then read statement Of the regular In the
consumption Of the articles of coffee butter cheese
rants sugar and tea which han taken place in the inter
val between the year l643 and the year Is4S and
ed that that consumption must have been ky
those articles being placed within the reach Of the work
-
Having cong fnulated Sir X Peel such being the re-
suits Of hrs policy, be concluded by moving formal
fund for the relief Of Ireland
desuitory discussion then took place. in the course
Of which Mr. Hume. Mr. Williams, and Mr.. Roebuck
The latter gentleman insisted that the house ought not
to allow this loan made until had insured tho passing
sell 10 Impose an income tax upon Ireland act Of
justice towards England.
Lord j. RussgLL commended that 1t would be neither
nor lara IN
on Ireland Mt the present moment
~, Mr. 1ouLsvns expressed his Qualification at finding
yesr so much exceeded, and refuted the fasces nut
and o LORD o. Bentinck on the subject of protection
we have received the Paris papers ofthe LIST inst
me ragprochement just effected between the English
at Paris and the ench Minister for 10.
reign Affairs, or, rather, the French Premier IL their
saalpg theme. The King OF the Belgians was to leave
the Prince de Joinvs was also about 10 quit the rus
rles Palace and assume tho command of large portion
Of the Mediterranean squadron.
eaJ says La Reforsse has again ri,en in n,;cs
in all the markets Of the Paris radius The hscto,,a il
worth almost every where from s9f to 4Of 6Oc at sew
sack Of wheat is worth much AZ 0ef The trais orc
Of opinion that this year. will BIO more disastrous one
Don Carlos. his consor and his son Fernando lef, Mo-
dena on the 10th ul'imo, on their return to Genoa.
The Pre.ss publishes letter from China brought by
envoy had been received with great pomp and cere
mony by King the Imperial Commissioner and had
Psrtaken OF grand banquet specially prepared in his
honor Mr.. Everett, in the course of the dinner pro
posed the health Of the Emperor OF China and the Inpe
rial Commissioners proposed that Of the President Of the
United states. very friendly feeling mantle sted
by Killing and the other official personages towards the
Americans After having thus formally opened diplo.
matte relations between the United States and the Celes
tsl Empire, Mr. Everett and his suite took their depar
Nre from China On board the Vincemss
Al recs mt meeting Of the Academy Of Moral and Po
ntica Sciences Mr. Wheaon until lately United States
minister at Berlin read paper on the right Of success