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persuade the house to adopt his plan, and expedient to appropriate for the interest of avoid the ruinous consequences of that of such sum, viz. 2,668,2911., a part of the the noble lord. By his mode, he propo- Interest redeemed by the operation of the sed to take advantage of the war taxes Sinking Fund within the year, there would during the war, and to mortgage them only be on that account, a reduction of such at the end of the war, and then to charge Sinking Fund in each year to the amount the war debt upon the war taxes. By this of 133,4181. That the employment of a plan there would be a smaller amount of considerable sum in the purchase of Stoek, permanent debt, and a larger sinking fundat successive periods throughout the year, created, than by the new one propused by under the provisions which now regulate the noble lord. In this case, the supple- the purchase of Stock by the Commissioners mentary loans would not be felt during for the Redemption of the National Debl, the war, and the amount of the war loan has a tendency to keep up the price of the would be but 11 millions annually, the in- Funds, and is consequently, in the time of terest of wbich he proposed to provide for war, of advantage both to the Public and in part out of the proceeds of the sinking to the Stockholder." fund. If the noble lord should, on looking 4.“ That the Sinking Fund may in each into his calculations, think them worthy of year be carried to the amount proposed for his attention, he should be happy to furnish such year in the New Plan, by making a him with every information on the subject; Supplementary Loan equal to the amount of and he had no doubt that he could prove to the difference between the Sinking Fund, him, that his own ideas could be better as it would otherwise stand for such year

, carried into effect by this, than by the new and the amount proposed in such Plan plan. The hon. baronet concluded with for the purpose of supplying that ditienjoving the following Resolutions : rence.”

1.“ That, in the New Plan of Finance, it 5" That such Supplementary Loan, when is proposed to mortgage during each year of added to the Sinking Fund, by reducing an war, a certain portion of the War Taxes, amount of loterest equal to the charge of lnto provide for the payment of the Interest terest increased by raising the same, it is oband Sinking Fund of part of the Loan, vious, that, whatever advantage might result which shall be made in that year; and from so large an increase of Sinking Fuud, alsu to provide what shall be further operating in the market, (if an increase to the wanted for the Public Service by a Supple- amount proposed by the New Plan, and mentary Loan."

wholly produced by adding to the Loan of the 2. “That, the War Expenditure being year, can really be deemed advantageous.) stated at 32,000,0001., it will be necessary, might equally be obtained by this mode, witte in addition to the War Taxes unpledged, (out any additional burthen to the public." to make Loans in the first year to the 6. “ That the smallness of the Loan for a nount of 12,000,0001. in order to meet the service of the year, in proportion to the that expenditure, and Loans to a larger Sinking l'und, must also bave a tendency amount in each subsequent year." to keep up the price of Funds."

3. “ That it no part of the War Taxes 7. " That this advantage will result in a were to be pledged, a Loan of 11,000,0001. greater degree from the system of borrowing annually would be sufficient for this pur- 11,000,000l. only in each year, than by pose. That the amount of the presentharing recourse io the larger Loans, which Sinking Fund is 8,331,7091., and therefore would be required for the service of each ibe Annual Interest of a Loan to that year under the New Plan.” amount might be provided, by appropria- 8. “That this mode of providing for the ung for that purpose the Interest of Debt War Expenditure, would consequently be redeemed annually, without causing any more advantageous to the public, and to diminution in the present amount of that the Stockholder, than the New Plan; and Fund.-Tbat the interest of 2,608,2911. that if, upou the return of peace, a portion being the difference between the present of the War Taxes exactly equal to wat amount of the Sinking Fund, and the sum would be pledged at the same period, by of 11,000,0001., with the usual Sinking the New Plan, were then to be pledged, to Fund of one per cent. upon the nominal meet the annual charge of such poruon of Capital, would be 177,8861. per annum, sup- the Total Debt, as that amount of taxes posing the 3 per cents. to continue at 60: would provide for at an interest of 10 per and that if it should at any time be thought cent., including the Sinking Fund upon ihe

was

same, the remainder would be the perma: the same privilege to Roman Catholics in nent Debt, leaving the present annual the Navy service. As to the Mutiny bill, charge of the portion of the debt so deduct- there were many amendments to be moved ed and provided for, to be added to the in it, to which he did not understand there amount of the permanent Sinking Fund." would be much objection ; it was pro

9. “ That the debt on the War Taxes, posed therefore, that it should go through being in the same manner deducted on tbe the cominittee pro formd, for the purpose return of peace, froin the Total Debt which of having the additional clauses introduced may have theu been contracted upou the into it, after which the bill would be reNew Plan, the remainder would be the Per-committed on Monday next, and from the manent Debt incurred by that Plan, and advanced period of the season, gentlemen that, the Sinking Fund of the War Taxes would be aware of the necessity of passing being deducted from the total Sir.king Fund, the bill with all convenient dispatch. which may have arisen within the same pe- Mr. Yorke was glad that the poble lord riod, the remainder would be the Perma- had adopled the plan of bringing forward nent Sinking Fund.”

his regulations respecting the Roman Ca10. “ That the operations of the mode tholics as a separate measure. now proposed, whilst they afford some (COMMITTEE OF Supply-PRUSSIA. comparative advantage during the conti- The house went into a committee of supnuance of the War, would place the Finan- ply, on the motion of lord Henry Petty. ces of the country in a much more favour- The king's message of Monday relative to able situation, at the restoration of peace, Prussia having been read, than those of the New Plan, at wbatever Lord Henry Petty stated, that it period peace may be concluded; and that unnecessary for him to recall to the at the termination of the period of 20 years recollection of the house the circumstances ibe comparison would be as follows :- under wbich lord Hutchinson had left, this

Permanent Deht by the New Plan £.318,311,495 country for the continent, and the state of Permanent Debt by the mode proposed 285,595,705 the continent at that period. That noble

Less Debt by the mode proposed £.32,715,790 lord had been dispatched, as well for the Sinking Fund, mode proposed 14,359,900 purpose of communicating such information

Siuking Fund of the New Plan 12,762,691 as might be necessary to this country, as Larger Sinking Fund by mode proposed £.1,597,209 to afford such aid as could be conve

nveniently Amount of Taxes imposed by the

granted to the king of Prussia in the unfora New Plan

£. 2,051,000 tunate circumstances in which he was then Amount of Taxes imposed by mode proposed

1,985,923 placed. Shortly after his arrival at his desti

nation, he had made an advance of 80,0001. Less amount of Taxes by the mode proposed

£.65,772 L that monarch, for a purpose the impor

tance of which the house would, he had no The resolutions were ordered to lie on the doubt, readily admit, numely, the defence table, and to be printed, and the debate on of the remaining fortresses. Strong reprethem was adjourned to Thursday se'nnight. sentations had been made to him, that,

without such an advance, it would not be HOUSE OF COMMONS.

possible to pay the army intended for the Wednesday, March 4.

defence of those fortresses, some of which, (Mutiny BilL-ROMAN CATHOLICS.) however, had since unfortunately been Lord Ilorick, adverting to the notice which taken. He did not feel it necessary to say he had given for this day, relative to the more than to move, that it be the opinion of introduction of additional clauses into the the committee that a sum, not exceeding Mutiny bill, for allowing Roman Catholics 80,000i, be granted to his majesty, to make to hold certain commissions in the army, good a like sum advanced to the king of and for granting soldiers of that persua- Prussia, in consequence of the urgency

of sion the free exercise of their religion, the state of affairs on the continent, informed the house that on more mature Mr. Bunkes wished to know when the consideration of tbe subject it bad been noble lord intended that the report of the deemed more proper to bring in a separate committee should be brought up, as he had bill for that purpose ; which bill be pro- some observations to make uponibis subject. posed to more lur leave to bring in to. Lord II. Petly answered, ibat it was his morrow.

At the same time he thought it intention to have it reported to-morrow; right to state that it was intended to extend but if it should be wished, he had no objeca Vol. VIII.

S 2

tion to propose its being postponed till the when he had submitted his former stateday following. No reply being made, the ments to the house ; but, in consequence of resolution was agreed to, and the report the deduction of the expenditure of the ordered to be received to morrow. commissary-general's department from the

(COMMITTÉE OF WAYS AND MEANS-extraordinaries, the sum voted this year BUDGET.] The house having resolved it was less than the sum voted last year, and self into a committee of Ways and Means, he had the satisfaction to state that bis for

Lord Henry Petty,pursuant to notice, rose mer estimate would cover the future extra. to state the terms of the Loan, and to ordinary expenditure. It was proposed to recapitulate the Supplies and Ways and make good the advance that had been made Means of the year. As an opportunity had to the king of Prussia, of a sum of 80,000.. already been afforded him, from the nature out of the vote of credit, and also to pay a of the Plan of Finance, which, on a former subsidy of 430,000/. to the king of Sweden, occasion, he had opened to the house, of in pursuance of existing treaties. An adadverting in a detailed view to the extent of vance was also to be made to the emperor the supplies and ways and means of the year, of Russia, of 500,0001. out of the vote of cres he did not feel it then necessary for bim to dit. These were all the subsidies that he go at large into the statenients he hac for- was then aware of as necessary to be paid, merly submitted to the house. But, as the and at all events he had no doubt that the loan had since been negociated, and as vote of credit of 3,000,0001. would be the time that had elapsed, enabled him to sufficient to cover what might accrue in make the several stateinents with more ac- the present year. curacy than in the first instance he might The apportionment of the Votes of bave done, he hoped for ide indulgence of

Credit was, for Great Britain 2,800,000

For Ireland the committee, whilst he shortly recapi

200,000 tulated the several branches of the supply The whole of the joint charges as he

Together

£. 3,000,000 and ways and means of the year ; after which

had stated, would be

45,396,375 he proposed to state the terms upon which to which was to be added Interest of the contract for the loan of the year had Exchequer Bills

1,200,000

S50,000 'been concluded, and then to explain what Loyalty Loan to be paid off part of the Ways and Means of the year which made the TotalCharge

Deficiency of Malt Tax, 1805

200,000 would be permanent:

47,046,575 Deduct 2-17ths for Ireland

5,545,677 SUPPLY.

Remains to be defrayed by Great BriNavy, exclusive of 422,5001. Sea Ord

tain

41,500,898 nance

16,997,837 Army, Great Britain £.10,202,968

He had next to state the Ways and Ireland · 3,445,130)

Means by which these supplies were to be Making together 13,648,098 covered Barracks, Great Britain £.506,237

Land and Malt

£.2,750,000 Ireland - - 469,450 Surplus of Consolidated Fund

3,500,000 'Together 975,687 War Taxes this year

19,800,000 Commissary-General's Department 841,526 Lottery

320,000 Makiog altogether for the different bran

Vote of Credit

3,000,000 ches of the Ariny Expenditure

Loan -£.15,465,311.

12,000,000 Extraordinaries, Great

Surplus of Ways and Means, 1805 171,185 Britain 4.2,950,000

Making a Total of - £.41,671,185 Ireland 600,000 Excess over Supplies

170,086 Together 3,550,000

He bad stated the Loan as a part of the Excess of Extraordina

Ways and Means of the year, and he had ries this year

793,710 next to inform the committee of the terms Making the Total Army Charge 19,809,021 upon which that loan had been conOrdnance, including 422,5001. for Sea

tracted for; a duty which he should perOrdnance for Great Britain

3,264,469 form with satisfaction, from the adrantaIreland

479,246 Making together

geous terms upon wbich it bad been nego

3,743,715 ciated. The terms of the loan were lor Miscellaneous Services for Great Bri

every 1001..subscribed, tain

1,200,000 Three per Cent. Reduced f. 70 00 Ireland 660,000 Three per Cent: Consols

70 00 Vote of Credit

3,000,000
Navy Five per Cents

10 190 The noble lord observed, that there was

Being at an Interest of

4 14 7 an excess in the extraordinaries, of 793,7101. The committee would be sensible of the this year, which he had not been aware of advantageous nature of this contract for

1

the public, by calling to mind the terms million. He asked, therefore, whether it upon which last year's loan had been ne- was not a fallacy to leave out an item of gociated; terms that were then considered expenditure, which followed so closely on advantageous. The loan of last year had the noble lord's first statement in arranging been negociated at an interest of 11.198.7d. any financial plan for the future. He could for every 100l.; so that the public gained not conceive how he could have overlooked 5s. per cent. on the present loan.-Having the excess of the extraordinaries of the stated the several items of Supply and present year, as he admitted, at the time Ways and Means, and explained to the of bringing forward his first statement. It house the terms of the loan, he should could not have been for want of having the think he had fulfilled his duty if he had not accounts made up, for that was regularly thought it necessary to add another state- done in the offices. He knew of no way in ment, to shew, that, notwithstanding the ex- which such an excess could arise, except cess of the extraordinaries, the sum of 32 from the arrival of bills from abroad, as millions would be sufficient for the expen- all the bills that had already arrived must diture of the year, and for future expendi- have been entered in the offices, at the time lyre, exclusive of subsidies and extraordi- the noble lord brought forward his plan. naries arising from the rise of the price of Was the house to suppose, that in the space articles of stores, &c. He wished to put of six months an excess of nearly 800,0001. the committee in possession of the grounds had accrued in the extraordinary expen upon which he supposed that the Ways diture! He had always been of opinion, and Means, offered by 32 millions, would be that the noble lord's supposition, that 3? sufficient to cover the expenditure, with millions would be sufficient prospectively the exceptions he had stated. This he for the country, was totally fallacious, and should shew, by deducting from the sup- he had, therefore, recommended to the plies all that was due on arrears, all that noble lord to assuine a larger expenditure was due on subsidies, and the excess of ex. for the purpose of guarding against a failure traordinaries, in ch case there would re-lin statements, main, as be conceived, sufficient to provide Lord H. Petty replied by appealing to for the same expenditure as in the present every gentleman who had heard hin, year; and also, by deducting all of the Ways whether he had not distinctly excepted and Means of the present year that was ex- extraordinary expenditure by şubsidies, traordinary, and not available for a future and produced by a bill of stores and other year. The noble lord then entered into a articles, from his estiinate of 32 millions ? statement to shew, that by a deduction of He wished again to set himself right with the supplies that were extraordinary in the the right hon. gent, and the house on this votes of the present year, such as the pay- point. The expenditure of the present ment of the Loyalty Loan, the subsidies to year afforded the only comparatively certhe emperor of Russia, to the king of Swe- tain data whereon to found any calculaden, and to the king of Prussia, the remain-tion of the prospective expenditure of the der of the sum voted on credit, and the ex- country. The expenditure in subsidies cess of the extraordinaries of the present could not be anticipated, and therefore year, the supplies to be prospectively to be ought not to have been taken into any raised would be reduced from the supplies certain calculation, of the present year, viz. 41,600,8981. to Sir T. Turton obsesved, that the noble 39,100,1301. He was not aware that it lord had kindled with the warnıth of a gewas necessary for him to say any thing fur- nerous mind aţ the charge of fallacy; but ther on the subject; and he should there - this was not meant in any incidious sense. fore move the first resolution. On the The event had proved, that from some question being put,

cause or other the expenditure could not Mr. Rose wished to call the attention be confined to 32 millions. If the idea, of the house to the statement of the noble therefore, bad gone out among the public, lord. The noble lord had excluded from that this criterion was correct, there was, his consideration, in the first formation of no doubt, a fallacy with respect to the pubhis plan, any estimate founded upon the lic. He asked, whether the 500,000l. subsubsidies that might be necessary, and yet sidy to Russia was in consequence of the scarcely a month bad elapsed, when the treaty of 1805, or any new treaty? (Mr. noble lord came forward with a provision Vansittart intimated that it was in conse: for subsidies to the amount of nearly one quence of the old treaty.) Then he would

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wish to know whether the 80,0001. to Prus-gentry in Ireland, to send their sons to that sia was the whole that was intended to be university, previous to the foundation of given, or whether it was the commencement the Maynooth seminary. On a former of something further? If it was only a pre- occasion, when these estimates were subvious step to something further, he meant mitted to a committee of the house, he had to propose a motion on that subject. He argued on the great and numerous benefits thought that subsidies to Prussia in the pre- which would arise from the joint education sent state of that country would be wasting of both Roman Catholics and Protestants, money. It would produce no good what- in the same university. It was affirmed by ever: the fortresses, for the preservation of the right hon. baronet opposite, (sir J. which this 80,0001. had been given, bad been Newport,) that, from the shortness of the captured, and there were little hopes that any period since the relaxation of the penal staassistance of this sort would be of service. tute, which precluded the education of a

Mr. Vansittart replied, that it was to catholic in the university of Dublin, it wind up the account of former years. He could not be expected that a great number entered into a short explanation of the sub- of catholic students should have embraced ject before the committee ; after which the that opportunity. But the actual number, resolutions were agreed to, and the bouse whether great or small, could not affect the having been resumed, the report was order- question; if the opportunity was taken aded to be received to-morrow.

vantage of by any catholics, however few, [Irisi Miscellaneous SERVICES - it went to prove, that in their minds there Roman Catholic College.] Mr. Hob-existed no prejudice against a participation house brought up the report of the commit- with their protestant countrymen in the tee of supply. The resolutions (grants for same collegiate education. The Journals the service of Ireland) were read and of the Irish house of commons gave imposagreed to, until the resolution for granting tant information upon that point. In peruthe sum of 13,0001.for defraying the charge of sing them he had found, that at the period the Roman catholic seminary at Maynooth, when the measure of founding the Mayin Ireland; on which a discussion arose. nooth seminary was submitted to the Irish

Mr. Perceval rose to' oppose the said parliament, the Catholics themselves pregrant. Since be bad last stated his opi- sented a petition against ibe inexpediency nion to the house on that subject, he had of excluding the Protestants from the option taken no slight means of acquiring informa- of being educated there. The prayer of tion, and the result of his enquiry went that petition was grounded on the great namore stedfastly to fix the njolives of his tional benefits a communion of opivion and opposition. It was not the amount of the mitual good-will were so likely to produce. sum, increased as it was in the present They certainly felt, what every true friend instance, that solely excited his bostility ; to England and Ireland must feel, that it was in the growing nature of the demand, friendship and conciliation would follow, that he saw the strongest ground of alarm. from the professors of the two religions "As the Irish parliament had thought such a being associated in their education ; and it measure of policy advisable, he was still was with no light source of regret that the willing to retain the principle of meeling circuinstances of the case made it necessary that determination ; indeed, the united to declare, that the opportunity of effecting legislatuse were bound by the principles of such beneficial consequences was su tiered 10 good faith to continue the grant. But there escape. Had the public money been at was a wide difference between the allows that time expended in enlarging the uniance of a grant, averaged annually .at versity of Dublin, instead of adopting the 80001., and the concurrence is demands, policy of a separate institution, a great which were progressively increasing, and object would have been obtained, the be. has, in the present estimate,"actually a- netits arising from whicis, would be found mounted to 13,000l. There was, in lis every day to increase. Indeed it was not mind, another very strong ground of objec- saying too much, to assume, that the intion to the enlargement of this catholic terests of the Protestant university appearseminary, that it operated to the prejudice ed sacrificed to the advancement of the of the University of Dublin. The house, Catholic 'seminary. Witbin a few years, by adverting to ihe Journals of the Irish the professors of the latter institution were house of commons, would fird, that it was doubled ; that is, from 9 professors origi. y growing practice with the Roman Catholic Hally, there were now 18; and for this is

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