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be raised on such terms, and subject to at the utmost from the said 274 day of such conditions of redeinption as are here. June, 1802; and also sufficient to redeem inafter specified, videlicet, that an annual every part thereof created subsequent to sum, equal to one per cent, on the capital the said ad day of June, 1802, witbin 45 stock created in respect of every such sup- years at the utmost from the date of its plementary loan, shall be issued in equal creation." quarterly payments to the commissioners VII. “ That whenever the annual suins for the reduction of the national debt ; or applicable to the reduction of the National that other provisions shall be made by par- Debt in respect of any loan or loans to be liament for redeeming the same within 45 charged as aforesaid in the several war auyears from its creation; and every such ties before mentioned, shall exceed the loani may be charged upon any duties to amount of the interest payable in respect be hereafter granted or appropriated by of such part of the capital stock created in parliament for such purpose, or on any respect of any such loan or loans which temporary annuities which may expire, and shall then remain unredeemed, the excess become applicable by parliament, con- of such annual sums above such interests formably to the provisions of an act made shall be at the disposal of parliament in in the 42d of Geo. III. c.71."
time of peace, but not in time of war, and V. " That in consideration of the large in such manner and to such extent only, amount which by the effect of the foregoing as that an amount equal to ille capital Resolutions will be applicable to the re- stock created by every such loan respecdemption of the National Debt, beyond tively shall always be redeemed within 45 the sums which, in consequence of any years from the date of the creation of such law now in force, would be applicable loan." thereto; it is reasonable and expedient VIII. “ That whenever the annual sums that the provisions of an act 32 Geo. III. applicable to the reduction of the National c. 55, so far as relates to the redemption Debt, in respect to any such suppleinentary of the several public funds created or to loan or loans as aforesaid, shall exceed be created subsequent to the year 1802, the amount of the interest payable in sé. and also that the provisions of an act 42 spect of such part of the capital stock Geo. III. c. 71, so far as relates to the re- created in respect of any such loan or loans demption of the several public funds as shall then remain uniedeemed, the ex. therein mentioned, should be so altered cess of suchi annual sums above such in. and amended as may be necessary for gi- terest, shall be at the disposal of parliaving efiect to the principles of the said acts, ment, but in such manner and to such exin such manner as may, under the present tent only as that an amount equal to the circumstances, be most beneficial to the capital stock created by every such loan public interests."
respectively shall always be redeemed VI." That it is expedient, that whenever within 45 years from the date of the creathe whole of the sums applicable to the tion of such loan.” reduction of the National Debt, by virtue IX. • That for the purpose
or of any act or acts now in force, shall have taining the due execution of the regulaaccumulated to an annual amount exceed- tions provided by thie above Resolutions, ing the amount of the interest payai le in re- separate accounts shall be kept by the spect of all such public redeemable annuities, commissioners for the reduction of the created at any time previous to the 5th day National Debt, of all public funds, or se« of January, 1807; as shall then remain curities purchased, or redeemed by the unredeemed, the excess of such annual sums vested in them by virtue of any act gums above such interest shall be at the or acts now in force, or by such sums as disposal of parliament, and may be made shall be vested in them, in respect of any applicable to the charge of any loan or loan or loans charged on the aforesaid war loans thereafter to be raised into such duties, or any of them, or in respect of other public service as parliament may any Supplementary loan or loans to be direct, but in such manner and to such ex. raised as aforesaid, provided nevertheless, tent only as shall always leave an annual that the said several sums may be applied sum applicable to the reduction of the indiscriminately in the purchase of ang National Debt, sufficient to redeem every such public funds or securities, as the said part thereof, which existed previous to the commissioners may think expedient.”. 22d day of June, 1802, within 45 years X. “ That an account shall be taken,
and laid before this house, of the pet profon the table of the house, Þe would take duce of all the permanent taxes for three care that every member should be provided years, ending the 5th day of January, with a copy. (See Appendix to the present 1807; adding thereto an estimate of the volume.] Conscious as he wąs, that in future annual produce of such of the said the speech he had just had the honour of taxes as have not been in full receipt during making to the house, many particulars had that period, with an average thereof; and been omitted, and many things obscurely if the net produce of those taxes in the stated, he declared it would give him pleayears ending the 5th day of January, 1803, sure to afford every possible information to 1809, and 1810, sball in the average of the house on the subject. those three years exceed such former ave. Mr. Johnstone, although he allowed that page, such excess, or any part thereof, shall it would be preferable to postpone the debe at the disposal of parliament, and ap- bate until after the Resolutions should be plicable to the charge of any loan or loans printed, yet thought one short observation thereafter to be raised, or to such other necessary; because, if the impression made public service as parliament shall direct, by the speech of the noble lord were aland so on successively in any future years, lowed to go abroad, the country might be if the excess of such taxes on an average induced to entertain an opinion which of three years shall exceed the first ave- could never be realized. The poble lord rage by more than the amount of any sums bad displayed great talents and great elowhich may they have been charged there- quence, and the display of those talents on; but if on any such three years ave- and that eloquence had been clearly evinTage there shall appear any deficiency below ced by his leading the house, at such a mosuch average, together with such additional ment as the present, when the Income tax charge aforesaid, such deficiency shall be pressed so bard upon the necessities of the made good by parliament."
people, and when every alleviation of the XI. “ That an account shall be annually burthens imposed by that tax had been so taken, and laid before this house, of the net unprecedentedly and so steadily refused, produce of the several war duties afore- to listen to a detail of the mischiefs which said, and upon an average of three years, would arise from the payment of the nafrom the 5th day of January, 1807, the an- tional debt and from the relief from all nual net produce thereof shall have fallen their taxes. All the noble lord's conclushort of 21,000,0001. Such deficiency sions proceeded on the supposition that shall be made good by parliament, and so the annual expenditure of the country on successively in any subsequent year, would not exceed 38 millions. Grant him in which any loan or loans shall be created that, and the rest followed. What had and charged thereupon in manuer afore- been the consequence of a similar hope said."
held out at th: beginning of the war, Mr. Rose said, he would not detain the namely, that the war could be carried on committee at present, as any observations without any increase of debt, by the opeapon this plan would come better after-ration of the Sinking Fund? He was sure wards. He only wished to suggest, that that he should not be suspected of derothe annuities which the noble lord men- gating from the character and talents of tioned as one of the means for carrying the voble viscount (Sidm.uth) then at the this measure into effect, had been already bead of his majesty's government, for whom actually applied by law to the Sinking he entertained the highest respect; but Fund.
undoubtedly the result of those expectaLord Henry Petty observed, that the tions was, that in the fourth year of the zight hon. gent.'s recollection failed him. war, our debt had increased 50 millions on It was true, that in 1786 they had been ap- account of England, and 17 millions on acplied as be stated, but in 1802 they had count of Ireland; being at an average rate been detached from this purpose. The of 17 millions annually. He feared that debate would more properly take place a similar result would follow the noble after the Resolutions were printed ; and lord's calculations. The noble lord had besides the Resolutions, there was a set of omitted to consider the necessary enhanceTables illustrative of the different forms ment that must take place in the price, of and modes in which the plan he had just every article required for the service of the detailed would operate, and of which, al- country. Ile had made no allowance for though they could not be regularly laid that which was inevitable, the situation of the continent, which would call for essen-millions. The increasing trade, and the tial aid from this country. There was ano- abolition of injurious restrictions, would ther point which must immediately cause probably soon auga.ent this revenue, and the total failure of the plan. This was the make the annual income of Ireland bear state of Ireland. The charges of a civil the same proportion to her annual espennature in Ireland amounted to 3,800,000/. diture, as the annual income of Great while the whole receipt of the exchequer Britain did to her annual expenditure. did not exceed 3,670,0001.; it would there- Mr. Corry, from the experience he had fore be out of the powes of Ireland to raise in Irish finance, was also of opinion that within herself the interest of the 5 millions. they were in a very promising 'state. He The noble lord bad totally omitted to no thought, therefore, that the hon. gent. tice what must be the result when the two ought to be more guarded in bis expresexchequers of England and Ireland should sions, lest he should convey a wrong imbe united. Then the whole of the interest pression on the public mind. The noble of the 5 millions must be raised in England, lord, whose statements were so clear, and as Ireland was unable to do it within her who had opened a plan which would be self. Many other points might be men- satisfactory to all the world, except the tioned, but these were enough to induce the common enemy of all, had justly observed, house and the country not to be too san- that his system was not applicable to Ireguine in their expectations of being enabled land at present, whatever it might be afto carry on the war for 20 years, without terwards. incurring any additional burthens. It was Mr. Joknstone meant no reflection on the an expectation that could never be realized, management of the Irish finances. As to and the disappointment of the people would the prediction of lord Sidmouth, bis argurender them more prone to complain of the ment still held goud, for that noble lord privations to which they must necessarily had assumed that the expenditure would be subject. He could not resist saying not go beyond 26 millions, and the noble these few words, even under the disadvan- lord opposite also assumed that it would tage of the impression that had just been not go beyond 38 millions. The grounds made by the noble lord's eloquence. of the foriner prediction had failed, and
Lord H. Petty, alluding to that part of so might those of the present.---The chairthe hon. gent.'s observations which related man ihen reported progress, and obtained to Ireland, said, that the hun. gent. must leave to sit again on Monday se
se'nnight. be aware that the finances of Ireland rested on a footing totally distinct from those of
HOUSE OF LORDS. England ; that the system, therefore, with
Monday, February 2. regard to the war taxes could not possibly [Minutes.) On the motion of the at present extend to that country. archbishop of Canterbury, the thanks of
Mr. Hiley Addington observed, that after the house were ordered to be given to the the able speech of his noble friend, he would bishop of St. David's for his sermon not bave troubled the house had it not been preached before the house at Westminster for the allusion io his noble relation, made Abbey, on Friday last; and his lordship by the hon. gent. His wohle relation had was desired to print and publish the same. only said, that supposing the expenditure -Lord Eldon gave notice of bis intention not to exceed 26 millions, the war might of submitting to their lordships a bill for be carried on without additional taxes. the better and more effectually regulating This he had before stated in answer to the the practice of the court of chancery, as hon. gent, who had, on a former occasion, far as the same related to suitors whose brought the same charge against his noble monies were paid into that court to abide relation.
the event of its decision; a measure which Mr. Parnell, in the absence of an hon. his lordship said, was of the utmost adbaronet (sir J. Newport), who had been vantage to the safety of the suitor and the compelled by indisposition to leave the ease of the chancellor, and the want of house, declared, that owing to the exer- wbich he deeply felt when he bimself bad tions made in Ireland during the last year, the honour of filling that office. The lord the revenue of that country had been in-chancellor quitted the woqlsack, and declacreased half a million. A few years ago red that the noble lord should have his the revenue of Ireland was little more than sincerest thanks for his attentive considea million; it now amounted to nearly four ration of that object; and be assured him, that it was with infinite satisfaction he already been often repeated, and as it was beard bis determination that night, for, of so much importance to avoid delay. certainly, as the practice was at present, Lord Eldon also expressed himself decievery chancellor must feel considerable dedly hostile to unnecessary delay, but at difficulty in conducting his decisions, and the same time it was of the utmost imporin adjusting his judgements with suitors of tance that a subject of this magnitude the description adverted to by the noble lord sbould be deeply and closely examined,
(SLAVE TRADE ABOLITION Bill.) and that the parties whose interests would Lord Grenville having moved the order be affected by it, should be fairly and fully of the day for the second reading of the beard. Slave Trade Abolition bill, observed, that Lord Hawkesbury suggested, that the inthose of their lordships who had witnessed terests of the petitioners might be equally his extreme anxiety to carry forward this benefited, and the time of the house less important measure with the least possible taken up, if the petitioners were classed interruption, would readily conceive that according to the interests of those petihe now felt great regret in finding himself tioning, which would be found to be diunder the necessity of proposing a further vided into three ; namely, the old planters delay. Unfortunately, however, two of in Jamaica and other islands, the new his noble friends, whose sentiments respec- planters in the island of Trinidad, and the ting this measure it was important the shipping and commercial interests of the house should be in possession of, and whose ports of this country, and counsel beard for assistance he much wished to have upon the each interest.--After some further convere discussion of the subject, were too much sation, the petitioners were ordered to be indisposed to be enabled to attend the heard by their counsel on Wednesday. house. He therefore proposed that the (ADMINISTRATION 'of Justice IN second reading should be postponed till SCOTLAND.) Lord Grenville" gave notice Wednesday.--Ordered, and that the lords that he should, on this day se'nnight, prebe summoned for that day,
sent to the house a bill founded on the The Earl of Westmoreland presented a Resolutions passed last session, for renpetition from the ship builders, ship own- dering more effectual the Administration ers, manufacturers, and others of the port of Justice in Scotland. (See vol. vii. p. 730.) of London, against the Slave Trade Aboli- Lord Hawkesbury expressed a wish that tion bill; which was ordered to lie on the full time might be allowed the learned gen, table. A short conversation took place re- tlemen of the law in Scotland to make up specting the propriety of bearing counsel their minds upon such a complicated and iin, in behalf of the petitioners against the bill. portant measure before it passed into a law.
Lord Grenville suggested the propriety Lord Grenville said, it was his wish that of making some order upon this subject, if sufficient time should be allowed for the it was the pleasure of their lordships to hear consideration of the subject. He must counsel, in order that they might avoid the however remark, that ample time had al. inconvenience which occurred, of having a ready been given for its consideration since preliminary discussion of this nature, on last session, during which interval there the very day.on which the measure propo- bad been an opportunity of obtaining the sed was to be brought forward.
opinions of professional men of ensinence The Earl of Westmoreland moved, that with respect to the details of the measure. such of the petitioners as thought fit, If it was meant that an interval of equal should be heard by their counsel on the se- extent should again be allowed, it was evicond reading of the bill.
dent the measure could not be carried Lord Grenville thought it would be ex- through parliament in the course of the pedient to make some regulation with re- present session. That some measure of spect to the bearing of counsel in order to this nature should be adopted without prevent unnecessary, delay. As to the delay was, he conceived, of the greatest propriety of examining evidence, that of importance, not only on account of the course would be decided on, after their great defects which were acknowledged to lordships had heard counsel. He thought, exist in the Administration of Justice in however, that it would be sufficient to hear Scotland, but also on account of ihe dis. one counsel upon each petition, as the credit thrown upon that house, in consegreater part of the arguments which the quence of the great number of appeals from counsel must necessarily touch upon, had Scotland, and which, from their being so
HOUSE OF COMMONS.
Dumerous, unavoidably met with much to the act of union which had wisely prodelay in their decision.
vided that all articles of the growth and Lord Eldon confessed that be felt the produce of either country, should be redifficulties as well as the advantages of the ceived in the other, on paying the same measure proposed by the noble baron. He charges as were paid on the home produchad been employed in more Appeal causes tion of the same kind. The drawbacks on than, he believed, any other man now the spirit intercourse between England and living, and no man could be more convinced Ireland had been regulated on this prinof the necessity of such a measure than he ciple. But the duties being lower in Scotwas. Not only Scotland but Ireland felt land than in England, advantages had been that necessity. He hoped, however, the taken in consequence, which went to de intended bill would throw more light on traud the revenue in England, and to inibt question than the resolutions afforded. pede the distilleries in Ireland. With a view At all events, he should most cheeriully to correct these evils, he should move, that contribute all that his experience and the chairman be instructed to move for humble abilities enabled him to afford to leave to bring in a bill to suspend, for a wards the advancement of the business. time to be limited, the drawbacks on the
mutual importation of spirits between Great
Britain and Ireland; and also to suspend Monday, February 2.
the countervailing duty on the importation (MIXUTES.] Lord Eustou, chairman of of the Irish spirits into Scotland, so as to tbc Saltash Election committee, reported, give the Irish distiller a fair competition what that committee had been prevented with the Scotch and English. The chairfrom proceeding on the investigation of the man reported, and leave was given to bring matters given in charge to it, on Friday in a billaccordingly.-Lord Folkestone gave and Saturday last, in consequence of the notice, that tomorrow he would move for absence of A. Robarts, esq. one of its mem- leave to bring in a bill to constitute into a bers; that this day Mr. Robarts did attend, law the regulation of the house for giving and the committee had proceeded to busi- notice to parties in cases of Controverted Jiess as usual. Doctor Bailey stated at the Election.-Mr. Rose gave notice, that on bar, that Mr. Robarts's absence was occa- Wednesday he should move for certain sioned by indispositiop; and Mr. Robarts financial papers, calculated to afford inforwas excused for having absented himself on mation which was requisite to satisfy the above-mentioned days.--Mr. Yorke doubts wbich were entertained as to the 25 chairnan of the Weymouth Election first Financial Resolution submitted by the committee, reported that the sitting mem-noble lord opposite, on Friday. In answer bers were duly elected, and that the petito lord Henry Petty, Mr. Rose stated that tion against them was not frivolous or the accounts he wished for mere intended vexations.-Sir G. Heathcote, chairman of to show the quantity of certain articles the Maldon Election committee, reported imported before the commutation. that Mr. L. Jugbes, a nember of the said [TREASURERSHIP OF THE NAVY.] Mr. committee, bari absented himself, on the Sheridan, in rising, pursuant to notice, to ground that his presence was necessary in move for leave to bring in a bill for the lurthe country, in consequence of the alarm- ther regulation of the office of Treasurer ing indisposition of dis father. Sir R. of the Navy, did not thiuk it necessary to Williams deposed to his belief of the fact, go at length into the grounds of his motion, and Mr. Ilugbes was excused from further as the facts which rendered such a bill neaitendance; and the committee empowered cessary were within the knowledge of the 10 proceed without him. On the motion house. On a recent occasion, doubts bad of Lord Howick, the thanks of the house been entertained by the Judges as to the were voted to the Rev. Frederick Barnes, coustruction of the act of his present mathe Chaplain, for the excellent sermon jesty, whiclı was intended to prevent the preached before the house, at St. Mar- Treasurer of the Navy from inaking any garet's Church, on Friday. Mr. Barnes extraordinary emolument of the public was requested to print the same. On the money eutrusted to his charge for official motion of Mr. Vansittart, the house went purposes. It was necessary to remove into a committee on the acts relating to those doubts, and though some hesitation the matual Importation of Spirits between had existed as to the best means of reGreal Britain and Ireland. Mr.V.adverted, moving them, no doubt whatever that is