London, Friday, April 9, ...
The Times, 1824-04-09T00:00:00

The F,e,ich papers of Tuesdav, wlhich arrived last night, contain a report of the whole ofEthe proceedings which-took place in the two C*iambers on tli preceding day. In the Chainber 6f Deputies, the Miniter of.Finance presMnted, in additien to the project of law for the conver.sion of the renktes which we gave in our paper of yester. day, other documents embracing the financial state of the coun- try_nanbly, a project of -law for the definitive setutlementof the ac- eountg .f, 1822; a view of the. income and expenditure of 1822; and the estimated budget of. 1825. Thestate of the accounts of 1822 is of 'course of little initerest: the 'other two documents descrvc- a short anialysis. The expenses of the services of. tie year 1823 consisted- of.:two kinds-thecone:related to7ordinary, the other to extraordinary services. Tlhe former had bcen fixed by the law of the 17th of August, 1822, at 899,838,451 francs, 4nd indudiidlg departniehtal and.communal charges,to a total sum of 129,2i7,g60 frahcs. For the latter,-namoly, the extraordinary'sup. plhies-Governimcnt was autlhorizedto open'a'Wpplementary creditof ioo ntillions. It would be iuipossible, the Alinister said, to decide finally-on the amount of the expenses incurred in 1823, or 'to seitle the uiodifications which tlic estimates 'would receive from' cireum.- Stances-not yet fullv kuowzi. It ivould be sufficientto say, that the. qredits oponed for the :ordinary supply of 1823 had been exceed-: ed by the sum of 6,940,7i,2 francs. With: regard to the extraordinaiyj cbarges of'iA-3; thc Ninister stated that royav ordinance6 'had added 1b7,827,035 of fresh ' credits to the legis. lative grani of 100l00,000i; thus making the extraerdinary credits of 1823 amount to 207,827,085 francs. Thii:unexpectcd demand hadzilsen from the necessities of nearly.all the departments of the Government; bat the cliief sources of tbe, excess lay in the depart. mient of the -Ilinister: of WVar, which:had required .the sum of, 83,Cd72,obo francs beyondithe-estimate. The expenses of the cam. paign-amounted to -170,789,000 francs (%831,SbOl) in whjch iF comnprisea the sunu of about 22,000,00 paid for ihe supportt of' Spanish troops. It was, however, tQ be understood, that-all theac-. counts had notyet beennmade up. I-i the;deipartw.ent of the Minister of tlarine aii excess of expenditure bad tiken place to tlhe aiount bf .14,688,187 francs. This was ccasioned by tle necessity of additional> arnmaments to'protect French commerce, ald 'to c6.operate witj 'thbe land-forcea during the-war of-Spain. The deajirtment oftli;eWlinister of Fijiance had likewise its excess,'occasioned by'this same notable war of Spain; and this excess amounts, it would ieenm,-to20,77O,898 francs. Ofthis surn 11,877,731 francs had been supplied, to -the Spanisb Govermuent.during tbhecampaign, which, i6gether'with ti;e twenty.:two millions gidtaticed to the Spanish anny on the order of. -the Mlinister of WVAr' makes up a debt of 33,877,731 francs against KingFY:sEDl1xAxi-, for therepayment-of' which his Uovsertuacnt has entered into a convention with' that of hi' deliverer and creditor Louis 'XYIII. The other items of extraordinary -expenditure in tLe -.department- of the: inister of Pinance ;wre oca.idned, ve'are tIld, by the empenses fo negotietion, the interest of sunisbr qrored, an,d the necessity of keeping lUrge establishmenih for paying the troops sit Bay.nie Toruiouse, anid Perpignan. *We should wish to know all the other headsof this ex- periditure of JL DiE VAjLELE and the Mlinlster of W ar. -'From the treahcry -and corruption by which the French,-, inyaders were favoured more th?nhbF their arms, there can beno doubt that Fresich gold was profusely scattered in all parts of the Peninsula. and pros duced itspro'per fruits. The wholeofthe supplic 'for the year 1823, including those of an ordinaryand extraordinaryllind, tlius amount- ed to 1,144,601,671 francs, or about 45,800,0001. The pro- duce of the taxes had exceeded the estimates by 18,380,585 francs; but all the receipts, ordinary and extraordinary, fell short of the ex- pendiiure by the sum. of 32,681,988 francs; TheMirister, after sub- 3mitting this statement for 1823, produced the estimated income and expenditure of France for 1825, or the prospective budget for the in- coming year. As tbebudget for 1824 had been laid beforethe Chmn- ber in the last session, the only thing-that remained for him on the present occasion was to point out the anticipated differences between the financial wants and rcsources of the two periods. The depart- snents of Justice, ForeignAffairs, War,-and Alarine were expected to explerieace no change. The wrhole supplies of 1824 were es- tim:sted at the amount of 898,933,500 francs; those of 1825 arc estimated it 898,933,580 francs. The rcvenue wasexpcct_ ed to 'be equally producive,and in consequence wouldb eirpth- same relation to tbe'public charge The Minister corcludes by congtatulatili the Chamber on the favourablestate of thenational resourcs, and the success of the loan of last sumrmer, which can' - celled the greater portion of the floating debt of France. As, how- ever, a portion of floating debtis considered by him to be useful, he proposes that it may bencefaorward amount to, but not exceed, 140millions; and that no Royal bonds be issued by- the Dlinits ter, without obtaining leave, in the budget. Thie following project of lawv with which lie concluded, gives, iii a shert space, the 'ae-- counts wvhich he detailed in his statement:_ Art. i. The interest of the consolidated debt and the sinking. fund are fixed for 1825-at 237,085.785 francs. Art. 2. The cre(lits opened for the general seirvices of the year are - 661,847,395 francs. Art. 3. The taxes sball continue as in 1823. Art. 5. The estimate sf the revenuefor 1825 is 889,510,383 francs. The other articles are unimportant. On the reading of these projects of law, together with the state- meit wvhich we yesterday inserted, I\. (JAsixIa PEn.trxRp wished to Imake some observacions, but was interrupted by the Piesident before he had proceeded far inwhat he hadtosay. Be demandedfrom Ill. de VILLELE the production of the contract by which he would be enabled to execute the great operation of paying offthe debt if the funditolder refused to accept a lower interest. The lUinister of Financ2 profcssed his wvillilgness to give every infoimntion -which would not compromise the success of the operation itself t but pub. licity and competitisn'did net seem to him to be admtssible into this transaction as into the lan of last year. He was ready to give l. Chamber every guarartee of success when the law authouizing hirlnen, act should pass.= FRENC}I FI DS:-PAIS, Aporil6 &-ive aper Cents. opene,at 101. 70.; closed at 101. 40.; sNeapolitan 5 percents., 954 in dacats,, 99.85. in franca; Rentes cl'Espagae, 20; Royal Spanish Loan, 1823, 651. ESxchange on London, one month, 25. 35.; three rnonths, 25l5. 15a- Aln.- C o_e LONDON, FRIDAY, APRIL 9, 1824.