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millions by debentures, giving the nance sea service) and amounting subscribers to them the power to to 20,575,01 1l. exceeding the sum fund exchequer bills to an amount voted last year by 872,6121. The double that of their debentures. sum voted for the army in England He then moved a number of reso•' (including barracks and commissalutions to this effect, which were riat) was 15,727,9311. exceeding agreed to.
also last year's vote by1,150,233l. On June 11th the Chancellor for the army in Ireland 3,198,6061. of the Exchequer rose to take the exceeding the expenditure of last earliest opportunity of submitting year by 20,1441. These sums to the approbation of the commit- united gave a total of 18,926,5371. tee, the terms of the loan he had for the army, giving a general contracted, to make up the sum excess over last year's expense of granted for the current service of 1,170,3771. In the extraordinaries the year. Were he to take up the of the army last year, there had attention of the house for a length remained unprovided for, a sum of of time any way proportionate to 4,662,7971. which, of course, was the magnitude of the financial ope- to be provided for, by the ways and rations he should have occasion to means. But to prevent the recuradvert to, no opportunity would be rence of the same unpleasant scirleft to discuss on that evening the cumstance, he would this year proother important subjects which vide the sum of 9,500,0001. for the were to be submitted to the atten- extraordinaries of the army. Of this tion of the house; he hoped, how- sum 5,000,0001. had been already ever, that the statements he had to voted, and there would of course make, were so clear, and so gene- remain four millions and a half to rally understood already, that it be provided for at a future period would be necessary for him to oc- by the house. The army extracupy but a small portion of the ordinaries for Ireland were the time of the committee. He would same as last year, that is, 200,0001. first submit to the committee an making the total of the extraordia account of the items of supplies naries 9,700,0001. The sums nealready agreed to, and proceed cessary for miscellaneous services afterwards to those of the Ways had been already voted by the and Means necessary to meet them. house ; there were, however, some He did not intend, in the mean items still unprovided for, and to time, to offer any comment on the cover them all, he would take the magnitude of the expenditure, nor sum of 2,500,0001.; exceeding to dwell on the political and mili- that branch of the service of last tary exertions which had rendered year, by 150,0001. The next it necessary ; those topics had been article of supply he should come frequently discussed before, and to, were the subsidies granted to would probably come again under foreign powers. On this head no the consideration of the house alteration had taken place since before they separated.
last year; and the sums already The first article of supply was voted bythe house, were 2,000,0001. the sum already voted for the ser- for Portugal, and 400,0001. for vice of the navy (exclusive of ord- Sicily. There would be also
among the items of supply, a sum The total of the separate charge of 2,000,0001. to the East India for England giving a total of company, for advances made by 5,271,8361. and forming the agthem to government.
gregate amount of supply of He had now gone through all 77,337,475.. Out of this were to the articles of supply already voted, be deducted the Irish proportion and the committee might naturally of the joint charge of 72,065,6397. expect that he should say some- which was 8,478,3101. ; also the thing of the vote of credit he was Irish proportion of the civil list expected to ask before the close and consolidated fund, forming of the session. He was sure, that together 8,651,533l. to be deductin the present state of Europe, the ed from the aggregate charge committee would feel the necessity amount, and which would leave of arming government with suffi- 68,685,942. to be provided for by cient means to enable them to take England. advantage of the favourable mili- The right hon. gentleman then tary and political circumstances briefly detailed the various articles which might present themselves. He of ways and means by which he intended, in consequence,todemand proposed to meet that charge. a vote of credit of 5 or 6,000,0001. The annual duties he would take for England, and 200,0001. as usual at the same amount as last year, for Ireland. He had not yet made namely, 3,000,0001. The surplus up his mind, as to which of the of the consolidated fund he would sums he should ask, his determina- take only at 500,0001. and should, tion depending on a contingency, before he sat down, explain his which was, whether or no a sum of motive for so doing to the commit1,100,0001. still unapplied out of tee. The nett and disposable prothe last vote of credit should be duce of the war taxes he would disposed of before that period. He take at 21,000,0001, and to that would, however, tåke in account amount of their produce was to the sum of 6,000,0001.; and this be added such a portion of those would bring the total of the joint taxes as had been previously approcharge for Great Britain and Ireland priated to the payment of loans. to 72,065,6391. There were, be- The lottery, he would take at sides, several separate charges for 200,000l.; it had, in fact, proEngland. The first was the Loy- duced 220,0001. but he should alty Loan, the charge of which take the nearest round sum. Exwas 171,8361. making_58,4201. chequer bills had been funded to more than last year. The next the amount of 15,775,8001. and article of the separate charge was this, of course, constituted a part of the interest on exchequer bills, the ways and means; but others amounting to 1,800,0001. or had been issued to replace them 100,0001. more than last year; partly. In funding those excheinterest on debentures 40,0001.; quer bills, it had been intended to grant to the sinking fund, in raise a sum of half the amount by respect to exchequer bills unpro- means of debentures; the attempt vided, 260,0001. ; and, lastly, the had, however, been only partially vote of credit of 1812, 3,000,0001. successful, and had produced only 799,3001. or to take the next round first time introduced into it last sum 800,0001. It was intended to year, was the sale of old paval make up that deficiency by issuing stores. On this subject his right
. 3,000,0001. more of exchequer hon. friend, the chancellor of the bills, which would make the exchequer for Ireland, had repreamount of those in circulation, seoted to him that Ireland was in equal to what it was last year. He justice entitled to her share of the trusted that the committee would produce of those sales. That claim not accuse him of increasing the he had admitted ; and the amount upfunded debt unnecessarily and of naval stores sold being this year without limit; but when it was 601,908l., would leave for the serconsidered how low he had taken vice of England, after deducting the surplus of the consolidated fund, the Irish proportion, 531,0961. it might be reasonably expected The ways and means to meet the that it would produce considerably current expenses of the year, would more, which would tend of course be completed by the loan of to reduce the unfunded debt ; 21,000,0001. he had contracted, and in consideration of that cir- forming a total of 68,806,1961. cumstance, he trusted that the leaving over and above the supplies money market would experience a sum of 120,2541. no inconvenience from leaving the The right hon. gentleman then amount of exchequer bills the recapitulated the different items of same as last year.
the supplies and ways and means The next article of the ways and in the following order : means, which had been for the
WAYS AND MEANS.
500,000 War Taxes .......................................... 21,000,000 Lottery
200,000 Exchequer Bills funded
799,300 Vote of Credit
6,000,000 Naval Stores(English proportion of£601,908) 531,096 Loan ......
He had already apprised the the malt and excise duties, where committee, that he would acquaint it had amounted to between two them with the motives which had and three millions; and the other induced him to take the surplus of branches of revenue must have the consolidated fund at so low as been proportionally prosperous in 500,0001. The committee was order to cover it in so great a aware that there had been last degree. This was principally the year a deficit in the revenue of case in respect to the war taxes ; 1,500,0001. which, together with and the committee must be aware the additional charges laid on that that great improvement might also fund last session, had occasioned a be expected in the collection of deficiency of 3,281,0001, in the duties recently laid, as they became surplus of the consolidated fund, better understood, and better reguas estimated for the year ending lations framed to collect them. It the 5th of April, 1813. This de- should be observed, besides, that ficit had been principally felt in the deficit on the articles to which he had alluded, was owing to the April last. From that average he depressed state of our manufactures, , should estimate the surplus of the which considerably checked con- consolidated fund for next year at sumption; the use of sugar in dis- 3,889,000l. but as the surplus of tilleries had also lowered the pro- last year fell short of the estimate duce of the duty on malt, and in by 3,284,0001. that sum was to be the first quarter of the present year made good by the surplus of this the dearness of that article had year, leaving a pett produce of prevented its being used for that 608,0001. which he would, howpurpose; but all these causes were ever, take at the round sum of not likely to operate again on the 500,0001. consolidated fund, and, from those The right hon. gentleman then considerations, he had taken the proceeded to give the committee a surplus of the consolidated fund detailed view of this component for the present year at the average part of the consolidated fund, and of three years, and omitting in that of the estimated amount at which average the year ending the 5th of he would take each of the items.
Estimated Receipts for the present year.
18,835,000 Assessed Taxes
6,200,000 Stamps ....
135,000 Land Taxes, &c.
1,051,000 Surplus of Exchequer Fees............
24,000 Crown Lands, &c. ....
20,000 Imprest Monies, &c.
38,793,000 War Taxes appropriated to consolidated Fund 2,706,000
The Charge exclusive of the Charge of the
Loan for the present year ...................
Additional Charge created in the
Duties imposed to meet the