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It would then stand thus:– Lands and tithes Houses, buildings, &c. Scotland
Fanded property, interest of money, &c. -
Arising from navigation, &c.
The assessment upon this would be
- 3,000,000 18,000,000 4,000,000 7,500,000
Rents of tenants might be estimated at 20,000,000l.; and
9d. in England, and 6d. in Scotland, would produce Salaries and professions it must be very difficult to estimate,
but say *
The profits of trade must be still more difficult to estimate,
and the produce of the tax must depend upon the success of the regulations adopted in the collection, yet making deductions of every kind, allowing for the operation of a scale by which persons not having more than 60l. ayear should be exempted, and that those between that sum and 150l. should pay on a declining ratio, he esti
mated this branch at
Being in all upon property
At the time the income tax was imposed, it was calculated that eighty millions annually might be the property of the country; but it was proposed that a greater mass of property should be included in theoperation of the presentmeasure. The committee would, he doubted not, concur with him in thinking that every species of property i. to be made to contribute to the protection of the state. Funded pro
perty, though protected by public
faith from any separate and direct charge, ought to be assessed equally with every other. It would be one of the objects of the present measure to effect this. It was proposed, however, in the first instance, that all persons having property in the funds, should make returns to the commissioners where they re
sided (and the commissioners would
He had to congratulate the house and the country upon the conclusion of a bargain, in circumstances like the present, upon terms so favourable.
There was then to be provided for the interest of sixteen millions, 3 per cents. created by loan.
There was interest - 480,000
Annuity - - 32,000
The whole charge of which, including the one per cent. for the extinction of the capital, would amount to 676,583
Towards making provision for this sum, it was his intention, in the first place, to attempt what had long been held very desirable, some alteration in the mode of collection of the receipt tax, and by which he
hoped a considerable additional revenue would be gained without any inconvenience to the public. It was his intention that the person paying money should be entitled to demand from the person to whom he pays, a receipt, the duty on which, in no case, should be less than two-pence, nor above five shillings. #. the produce of this at 220,000l. It was likewise intended to make such additions to the consolidated customs in the bill then before parliament, as should produce 220,000l. By further regulations in the assessed taxes 250,000l., making in all the sum of 690,000l. applicable to the o of the interest of the O2n. He should now recapitulate the different articles of the
WAYS AND MEANs.
Malt in lieu of old
Land-tax on pensions, &c. in lieu of old lands
• 750,000 2,000,000
2,750,000 Brought Brought forward 6.2,750,000
Exchequer bills, of which leave had been
given to issue four a
millions, but would be used only - - 3,000,000 Surplus of consolidated fund - - - 500,000 Exchequer bills to repay advance by the bank - - 1,500,000 Money in treasury for hemp and flax bounties, &c. - 37,782 Lottery between 3 and 400,000, taken at - - 400,000 Increase on customs - - 2,000,000 War taxes Excise - - - 6,000,000 - On property, though calculated at 4,700,000l. taken only at - - 4,500,000 Vote of credit - - ** - 2,000,000 loan - * * • - 10,000,000 38,687,782
But of the above war taxes, it was expected that only 4,500,000l. could be made available within the year.
With respect to exchequer bills, it had been proposed that parliament should authorise the issue of five millions of exchequer bills, in 1804, to replace a similar sum withdrawn. At the end of the present year, the amount of exchequer bills, outstanding, would be ten millions.
The concluding remarks of Mr. Addington's speech were continued to some length. . . They tended chiefly to evince the propriety of the measures he had proposed. His object, he said, was to raise as large a proportion as possible of the supplies necessary for the public service in the course of the year. The extent to which he was anxious that this principle should be carried, was, that during-the progress of the war, no accumulation whatever should take j." to the amount of the public debt. It was his wish that an estimate of the expenses of the year should be formed on a fair and extended view of the exertions we were called on to make, and that the loan to be contracted for, should not be greater than
the commissioners for liquidating the national debt possessed the means of distributing for the extinction of that debt. The adoption of this system of providing for the exigencies of the public service, without adding to the public debt, could not fail, at all times, but particularly at a moment like the present, to show to the government of France, that any attempt to conuer this country by a war on our nances is a hopeless contest; that it is out of the power of any enemy to break the national spirit by such attempts, which must end only in disappointment; that whatever the emergency in which we might be placed, we possessed ai. resources to meet it with firmness, with energy and success. The ef. fect of this on the powers of Europe must be o It must show them, that, in associating with this country, in making a common cause with us in any great emerency, they incurred no danger, É. united their exertions with a people who possess at once the spirit and the means adequate to the support of a great struggle. After somefurther ... the right honourable gentleman concluded by moving the first resoN 4 lution. lution.— The question was then put on the different resolutions, and they were agreed to without opposition. On the 15th of June, the order of the day being read for the house to resolve itself into a committee of supply— Mr. I. H. Browne moved, that the second report of the committee for investigating the surveys of the Scotch highlands be referred to the said committee of supply.— Crdered accordingly. Mr. Browne then moved, that a sum not exceeding 20,000l. be granted to his majesty, for the purpose of making, roads, and erecting bridges in the highlands of Scotland. One of the great objects in view was to improve the valuable fisheries in the eastern and western coasts of the highlands, by opening a communication between both sides of the country. By these improvements, the business of agriculture would also be promoted; and the country being thus rendered tolerable to its hardy and industrious inhabitants, they would no longer be induced to emigrate, as for many years past they had continued to do ; and thus one of the most valuable sources for recruiting our armies with a hardy and valiant race of soldiers would be strengthened for our defence.—The resolution was passed. On the 24th the chancellor of the exchequer moved, that the house resolve itself into a committee of the whole house, to consider further the ways and means
for the present exigencies of the
state. The house resolved accordingly, and he then laid before the committee the terms upon which he had contracted for the lotteries. He said, that he had
found it most prudent, on the present occasion, to reduce the prices and numbers of the tickets. Last year there were no less than 90,000 tickets, with a power of increasing them to 100,000. This year it was proposed that the number of tickets should be limited to 70,000, with the power of increasing them to the number of 80,000. #: stated that the contract had been made to extend both towards the service ef Great Britain and Ireland ; and that the clear profit which would arise to the public would be 315,000l. sterling, which somewhat exceeded the profit of last year's lotteries. The number of tickets proposed in the present lottery would, at the rate of 131. 3s. 03d., yield the total amount of 8,380,000l. It was his wish, and he was sure that it was the wish of the house, to guard against large insurances, which the plan adopted last year tended greatly to encourage. He had found, from experience, that considerable inconvenience, hurry, and confusion, usually arose from the mode of limiting the number of lotteries. It was then intended to raise, by three lotteries, the sum of 1,523,033}. 6s. 8d. of which sum 1,166,257l. 9s. would be appropriated to the services of Great Britain, and the sum of 356,775l. 17s. 8d. towards the ser
vices of Ireland. On the 21st of July a resolution passed for granting out of the consolidated fund, to the representatives of the late Jeffery lord Amherst, the annual sum of 3000/. in consideraticn of the eminent services of that nobleman in America; particularly, as it was to his meritorious services, in conjunction with those of the late general Wolfe, that we were indebted
occasion, the steady attachment.
of that illustrious house was strongly and uniformly marked towards this country. It was a fact too well known to require recapitulation, that the illustrious prince at the head of the house of Orange had, in the strength of his attachment to Great Britain, lost every thing which belonged to him, whether as sovereignty, rank, power, or private property, in the late contest. In the negotiation of the treaty of Amiens it was stipulated that some compensation should be made him, in consideration of which he had agreed to surrender all claims to the sovereignty and other rights in the United Provinces: oft. was the compensation stipulated, it had not been fulfilled according to that stipulation; and the only part of the agreement which had been performed was now again violated by the recent aggression of France. The house must recollect, that in the course of the war very emiment services were rendered to this country by the prince of Orange, and that a very considerable Dutch fleet was surrendered to England in his name. He trusted, therefore, the house would feel the force of the claims of the house of Orange upon the justice and generosity of the British nation. The modes which he should, with
the leave of the committee, propose, were two—either to vote : given sum as a complete and final indemnity in consideration of all their losses, or else a small sum promptly, and another by way of annuity. He should himself prefer the latter, as the more eligible mode; and therefore proposed it first, namely, a sum of 60,000l. in money, and an annuity of 16,000l. per annum. By this latter sum he wished it to be understood that all the pensions to minor branches of the family for their services and attachment to this country were to be covered; and he concluded with a motion to that effect. After some opposition, the resolution for the grant of 60,000l. was agreed to, mem. con. Lord Hawkesbury then moved that there be granted to his miajesty, out of the consolidated fund, the annual sum of 16,000l. as an indemnity to the illustrious house of Orange. This resolution was also carried. It was then moved, that the sum of two millions be granted as a vote of credit; which was agreed to. On the 27th the chancellor of the exchequer prefaced the resolutions he had to propose by observing, that at an early period of the year it was proposed to raise three millions for the payment of a like sum advanced by the bank, of which 1,500,000l. had been actually paid ; but in consequence of the renewal of the war, an application was made to induce them to take the remainder in exchequer bills; which was agreed to for the public convenience. e then proceeded to make his several statements to the cornmittee. Estix, Arg