Imágenes de página
PDF
ePub

980,000

......

Vote of Credit,

had only been 11,400,0001. The excess England ...3,000,000

of the receipts above the assessment of the Ireland ...

...... · 3,200,000 200,000

It. Sicily ....

400,000

year was consequently 2,351,233l. Portugal

would not, however, be reasonable to cale'

culate upon so large a receipt in the preJoint Charge... £50,566,000 sent year, as the excess of the receipts SEPARATE CHARGES.

above the actual assessment consisted of Loyalty Loan.........

18,776

arrears of former years which had been Interest on Exchequer Bills...1,600,000

collected with great activity and success. 1,618,776

Such indeed had been the activity used Total Sapplies

52,185,000 in the collection of the arrears, that there Irish Proportion 6,106,000 were now none due of a later date than

the year 1807, and the particular arrears England 46,079,000

which now appeared to be due were as Irish Proportion of £50,566,000 ..5,936,000

follows: for the year 1807, the arrears were Ditto Civil List and other

409,923l.; for the year 1809, 530,3681.; charges

170,000 6,106,000 for the year 1809, 1,540,7501. ; and for

the present year 6,241,4051. This last To meet these Supplies, the Ways and sum, however, could not properly be called Means were as follows:

arrears, as the assessment for the year WAYS AND MEANS.

1810 was made up to the 5th of April, Annual Duties.....

£3,000,000 which was only last month, and that as-, Surplus Cousolidated Fund 1809 2,661,692

sessment was now in the regular course of Ditto....

.1910.. 4,400,000 War Taxes

collection. It was, therefore, hard to state

19,500,000 Lottery

$50,000 whether there were any arrears properly Exchequer Bills

*5,311,600 belonging to the year 1810. Since the Vote of Credit

3,000,000 year 1804 there had been granted on Loan

8,000,000

account of the war taxes altogether

£46,223,202 | 115,880,0001, of which there had been * The Excheqner Bills funded in the

received 107,441,4781. leaving a tolal arpresent year amount to ...............8,311,600 rear of 8,437,5221. of grants unsatisfied. The like amount to be issued for the service of 1810, will be applied,

This balance however was to be deTo discharge Vote of Credit

ducted from the arrear of assessBills 1809 .... 3,000,000

ments outstanding at the same peTowards the Supply of the

9,326,000 Year ...... 5,311,600

8,437,522 8,311,600

Leaving a balance applicable to the The total of ways and means, as the service of the year, of..

889,478 Committee must perceive, would afford to which was also to be added, the a surplus of 141,2021. above the total amount of the war tax on tea, for

400,000 amount of the supplies.

merly postponed..... Having thus laid before the committee Total of the sum to be added to the a general statement of the lotal amount of

produce of the property tax this grants of supplies and of the ways and year

1,289,478 means to meet them, it became his duty

He now came to consider of the war next to make some observations on the taxes of customs and excise, and in doing different items. As to the first two items of this he would take the average of the last the ways and means, it did not occur to

three years. him that it was necessary to make any

Of the year 1808" the produce was.... 9,018,201 particular observations with respect to

The year 1809 produced...

8,806,895 them at present. But with respect to the The year 1810

9,356,309 war taxes, he felt that it would be incumbent

Tota)......... him to state to the House those

.£.27,181,405 upon

Of which the average was............... 9,060,000 reasons which made bim conceive himself | And this he would take as the amount warranted in taking them at the amount of the total receipts of the customs that he had stated. The war taxes had and excise for the present year; lo last year produced 22,707,0001. The which add the sum before mentionproduce of the tax upon property actually

ed, as the assessment of the pro

perty tax, to the same amount as paid into the treasury in tbe last year was

riod.........

11,400,000 13,751,2331. of which sum the assessment laking together...........

20,460,000

last year

And having added the balance he had

necessary for him to use any particular just stated, as applicable to the ser

arguments to recommend it. He trusted vice of the year.....

1,292,000

the House would perceive the necessity of The total produce of the war taxes for

the year would be found to be ...... 21,752,000 granting the usual vote of credit in the But from this was to be deducted the

present state of the country, and the cir. amount pledged for the Loans of

cumstances and situation of the world in 1807 and 1809.....

2,240,000

general. Leaving a balance for the year of ...19,512,000

He came next to the consideration of

the loan, consisting of eight mitlioas for With respect to the lottery, he knew an the service of Great Britain, and four milhonourable gentleman opposite him (Mr. lions for the service of Ireland; and he Whitbread), was still positive in his in- had the satisfaction to inform the cointention of opposing the raising of any summittee, that he had contracted for the of money whatever in that way. But twelve millions that morning, on terms whatever weight his objections might ulti- infinitely more favourable to the public mately have, he was sure the honourable than had ever been, at any former period, gentleman would be much gratified to known. The terms he had proposed as find, that many of the most serious evils the basis of the law, were to give for every which were formerly attendant upon lot- 1001. subscribed, 1301. in the 3 per cent. teries, had been, in a great measure, if not reduced stock, and to take the bidding in wholly, removed by different suggestions the 3 per cent. consols. The contract and regulations which he himself had was finally completed upon an offer on the made. The new plan, of having the part of the contractors to take 101. 78. 6d. whole lottery drawn in one day, cut up in the consols, in addition to the 1301. reby the roots that system of insurance upon duced annuities for every 1001. subscribed, the drawing of the lottery, which had making in the whole 1401. 78. 64. for produced such mischievous effects among each 100l. The amount of interest opon many of the lower classes of the commu- the money borrowed was, therefore, bot nity. When the drawing of the lottery 41. 45. 31d. per cent.; so that the loan of continued many days, it was hardly pos- twelve millions for the service of Great sible to prevent illegal insurances : and Britain and Ireland, was thus borrowed at the great mischief attending them was, 155. 74d. per cent. below the rate of legal that the poor were often induced to risk interest. The total charge that would all that they were worth, and expose arise to the public, including the sinking themselves to absolute ruin, in the hope of fund and the charge of management upon recovering their first losses. The destruc- the loan, would be but 5l. 138. per cent tion of insurances therefore had almost | The committee would froin this statement, entirely removed those evil consequences be enabled to appreciate the advantage which had been complained of in former derived to the public upon this loan, by lotteries. He did not think, for his own adverting to the terms upon which the part, that giving up the lottery altogether loan of last year had been effected. Gen. would by any means destroy the spirit of tlemen would recollect, that the loan for

gaming among the lower orders. He the service of the year 1809 had been thought on the contrary, that it might procured at an interest of 41. 128. 10d., drive many of them to modes of gambling, and that such terms were on that occasion which would be much more pernicious to looked upon as most favourable. It would them, as partaking of the evils attending be seen, therefore, with satisfaction, that insurances, without the slightest possi- according to the statement he had just bility of gain. He meant the litile goes, submitted, the loan for the service of the and things of that description. He trusted present year had been obtained at the therefore that, when it came to be argued, rate of ss. 7d. per cent. interest less than the House would still be of opinion that the last year, and it would be for the conthis source of revenue should not be aban-mittee to decide, whether, so far as the doned.

transaction was connected with the situaAs to the large sum of 8,311,000l. in Lion of the country, it was to be regarded exchequer bills funded, he had already as a proof for the better or the worse. stated ihat the vote of credit of the last (Hear!) It would be in the recollection year had been defrayed from these ex- of the comınittee, that at a former period chequer bills And as to a vote of credit of the session be submitted a proposition for the present year, he did not think it to the House for funding a certain propos

on

tion of the exchequer bills outstanding in to be deducted the deficiency of the prethe 5 per cents. The stock created by ceding year, amounting to 358,7121. and thatoperation,added to what was created by also 2,661,000l. which had been already the transaction of the loan, constituted the voted in the present session, as the prowhole amount of the addition to the pub. duce of that fund above the estimated surlic debt. In consequence of the loan there plus of last year. These deductions would were created in the 3 per cents. reduced reduce the difference to little more than 10,400,000l.; in the 3 per cents. consols the sum at which he proposed to estimate 830,000l.; making a total on account of the surplus of the fund for the present the loan of 11,230,0001. Now, if this year. He had next to acquaint the com. amount were to be added the stock created mittee with the grounds on which he cal.

account of the funded exchequer culated that its produce would be nearly bills 8,581,7271. it would give a total of the same in the current year. The conaddition to the public debt of Great Bri- solidated customs in the year ending the tain in the present year of 19,811,7271. 5th of April 1810, had exceeded their The charge for interest upon this addition produce in the antecedent year. This to the public debt was on the 3 per cents. / branch of the revenue had produced in reduced consols 336,000l.; on the exches the last year 5,251,4491. whereas in the quer bills funded in the 5 per cents. preceding year it had produced but 429,0861.; forming a total annual charge 3,719,0001. He was aware, however, of 765,9861. To this charge, however, that it would not be either reasonable or was to be added, on account of i per cent. just to assume, that the receipt of the consinking fund, 198,1171, and on account of solidated customs would in the present be charge of management, 6,735l. which the same as in the last year. He should would make the whole of the annual take the average of the two years, which, charge to be provided for, including the the sum of both being 8,970,4491. would ditferent rates of interest, and charges for be 4,485,2211. the sinking fund, and of management, The amount of the revenue of consoli970 8331.

dated excise he proposed to take at what it It now became his duty to submit to the had produced last year, 16,880,035). The consideration of the committee, the means total amount of the consolidated customs by which he proposed to meet so large a and excise revenue during the last year, supply; but he had first to bring under allowing for the duties on tea postponed, the observation of the committee the fact, and the sugar duties transferred from the that the charge upon the whole, inclusive customs to the excise, amounted to upof every expence, was but 5l. 195. I{d. per wards of 24,000,0001. The consolidated cent. The cause of its being even so high customs and excise revenue in 1808, had was obviously to be found in the transac- produced 23,000,000l. ; but in the actions for funding the exchequer bills in the counts for the last year there was a blank 5 per cents.

Thus he had stated in detail left for the duties on sugar, in the last quar. all the heads of the ways and means of ter, which had not been received, but which the year, with the exception of the con estimated according to the receipts of the solidated fund. It remained for him, there. preceding quarters, would raise the refore, to put the committee in possession of ceipts of the last year to above 24,000,0001. the grounds of his entertaining a reason. or 24,476,07001. so that the receipts of able prospect as to the produce of that that year would be to those of 1808, nearly fund, and also to shew why he did not pro- as 24 to 22, and to those of 1807, as 24 to pose to take the surplus for the present 23, and if the receipts should continue year at more than 4,400,0001. The total during the remaining quarters to exceed charge upon the consolidated fund for the the receipts of the last year, in the same year 1810, was 34,421,9961. the total pro- proportion as the first quarter's receipts duce of that fund being 41,441,7701. up to bad exceeded the receipts of the corresthe 5th of April last. · The difference, ponding quarter of last year, he had a certherefore, between the charge and produce tainty of a very considerable increase. of that fund, amounted to 7,019,7741. It would, he had no doubt, be a satisfac. When this difference was so large, it might tion to learn, that the malt duty, in which be matter of surprise to the committee, there had been some falling off, was now that he did not estimate the surplus for the beginning to recover; and that there had present year, higher than he proposed to been an increase of from forty to fifiy do But from that difference there was thousand pounds in the last quarter.

He now came to the consideration of The accounts on the table would shes the assessed taxes. The produce of these the committee, that the receipts under ihe taxes last year was 6,459,000l. ; but upon head of stamps, had amounted last year to comparing the receipts with the actual | 5,193,000l. which was an increase abore assessments, he found that the receipts the receipts of the preceding year of the were considerably more than the assess- sum of 1,236,9071. This great increase ments, an increase which could only arise was, in some degree, owing as well to the from the extraordinary exertions made to collection of arrears, as arising subsequent collect the arrears. The amount of arrears lo, and out of certain regulations and prolast year, in the arreared taxes, was not visions, which had been adopled on his less than 600,000l. whereas he had the own suggestion in the year 1808, in the satisfaction to inform the committee, that act for consolidating of the duties on the whole amount of such arrears, at pre- stamps. The charge to, be provided for sent outstanding, did not exceed 300,000l.; in that year amounted to 731,000l. Of a state of progress in the effectual collec- this 621,2121. had been provided by tion of these taxes, which must prove to other means, and 100,7581. only remained the House and the country that no neglect to be defrayed out of the consolidated at least had taken place in that depart- stamps. Taking the average of the two ment. Making allowance therefore for preceding years as the criterion of the the arrears collected within the last year, produce of the stamp-duties, the excess he should take credit, on account of the of the receipt of last year would give the assessed taxes, for 5,860,0001.

exact amount derived from the regula. The produce of the stamp duties he pro- tions which he had recommended. This posed to take at the amount of their pro- average was 3,856,0301. which deducted duce last year, being 5,193,0001. The from 5,193,000l. the receipt of last year, post-office produced 1,194,000!. and as it would leave an excess of 1,236,9701. apwas a growing revenue, he was also enti- plicable to the public service. He was iled to take it at the same amount. There aware that in making this statement he were several other minor branches of re- might be exposing himself to censure, for venue arising from pensions, land tax, having made so great a miscalculation of hawkers and pedlars and imprest monies, the effects of his measure: but whatever which, added to the various sources of re- might be thought of that, he was confident venue he had before enumerated, would that the committee would feel the procarry the receipts of the consolidated fund priety of taking advantage of this increase, to 35,357,000l. The sum which had been and apply it to the service of the year. transferred to the consolidated fund from If the sum charged, in 1908, on the stamp the war taxes on account of the loans of consolidated duties of 106,758l. were de1807 and 1809, amounted to 2,240,0001. ducted from the surplus receipts of last annually; so that the whole receipts of year, it would leave a balance of nearly the consolidated fund exclusive of the 1,130,0001. arising out of the additions duties annually voted, were 37,597,0001, and regulations made in the consolidation The total amount of charge upon the con of the stamp duties in. 1808. The proposolidated fund exclusive of Ireland, and sition then wbich he had to submit to the an allowance of 100,0001. for charges House, and he should beg of gentlemen which might be thrown upon it in the to tax and comment upon, and criticise it course of the year, (a sum of 160,0001. as they might think fit, was, that the having been so appropriated in the course charge of 970,3391. 128. 11d. incurred of last year) did not exceed. 31,960,0001. upon the loan, and the funding of excbewhich sum, deducted from the receipts, quer bills in the present year, should be would leave a surplus of 5,637,0001." It taken out of this excess of the provision was natural then for the committee to ask made in the regulation of the stamp duties why, when the surplus according to his in 1808. If the House could have antiown statement was so great, he should cipated such an excess from the measure propose to take, it only at the amount of then resorted to, he had no doubt but that 4,400,000). The reason of his so doing they might bave applied it in the same he was prepared to state to the committee, manner as any other surplus of ways and and that would necessarily lead bim to an means, to the relief of the burthens of that explanation of the means by which he year. But in submitting this proposition proposed to cover the supply required for to the committee, be intreated gentlemen the charge of the loan, &c.

not to consider it as containing any thing

[ocr errors]

new. Having granted these duties in | impose new ones. Though he could not, 1808, the House was justified in appro- therefore, find any precedent precisely in priating them to the charge of the pre- point for the measure he proposed in the sent year on account of the loan. But it instance to which he had alluded, that was not necessary to run the appropria could be no reason why, under the differtion to the full length of the excess of the ent circumstances of the times, the meareceipts over the 106,7581. required for sure should not now be adopted on the the charge of 1808. · He should propose grounds, on which he felt it his duty to to reserve a sum of 150,0001. from that recommend it. excess, which would leave a

sum of

But in considering this part of the ques1,086,0001. which, after covering the tion, he wished to bring to the recollection charge for the current year, would afford of the Committee, the plan which had a balance of about 115,0001. applicable to been brought forward in 1807, by his imthe general purposes of the consolidated mediate predecessor in office. The prinfund.

ciple upon which that plan was founded, He was aware that many persons might was, that it was desirable to suspend the feel considerable objections to this propo- laying on of any new taxes for three years sition; but the more such objections at least, in order to cherish the resources should be examined, the more they would of the country: Consequently no new be found to contain nothing of any weight taxes had been laid on in that year, and, in comparison with the advantages that though the principle had not been adhered would result from its adoption. The first to in 1809, no new taxes had been im. objection, that perhaps would be started, posed in the year 1809.

Thus the plan was, that the House would consider it a had been carried into effect in two of the new principle to look to the actual re- three years originally proposed, but acceipt of former taxes for defraying the tually only in one, because the additional accruing barthens of the current year. taxes and produce of regulations adopted It might, too, be stated in support of this in the intervening year, by producing objection, that in the year 1802, when a above a million more than was necessary sum of 1,800,0001. only was wanted, Mr. to meet the charge of that year, in reality Addington had laid on taxes to a much amounted to a provision for two years in Jarger amount; and yet in the following one. There was also another considera. year, had proceeded to provide for its tion, which weighed strongly on his mind charges by new taxes, without resorting in recommending this measure. By the to the excess of the provision over the exertions that had been made, and were charge of the preceding year. But such still in progress, to call in the arrears of objection he might meet, by asking whe- the property and assessed taxes, which ther his proposition was the same with last year amounted to 2,800,0001. à consithat submitted to the House in 1802 ? Bederable sum had been drawn from the sides, gentlemen would recollect that Mr. public in addition to the regular receipts Addington's measure had been brought of the year. The Committee then would forward in a year of peace; and at a see that the period when such an additime, too, when he was making a very tional collection had been made from the considerable and important alteration in public, though on account of arrears, was the whole system of the sinking fund. not a time for resorting to new taxes, if When such an alteration was in progress, they could be avoided. He begged partiit was. natural to look to some new ar-cularly in this place to call the attention rangements to provide for the charge of of the Committee to a resolution which the current year, rather than go back to had been introduced by the noble lord the . produce arising from the financial whom he succeeded (marquis of Lansoperations of a preceding year. If some downe) into his financial resolutions in considerations of this description had not 1807. This resolution directed that an influenced the measures resorted to on the account should be laid before the House occasion to which he had alluded, or if the of the net produce of all the permanent idea was then generally entertained, as at taxes for the three preceding years, and present, that an end ought to be put to that an average should be made of those the progress of taxation so long as it could not then in full operation : it also directbe avoided, he was of opinion that the ed that a similar account should be made ministers of that day should have resorted out for the years 1808, 9, and 10, and if to the existing or old taxes, rather than there should appear to be any excess of

« AnteriorContinuar »