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tude had been raised; - that in present income could not poffibly
September the minister had entered produce more than 19,500,000l.
into a negotiation which, in a mer. that, therefore, thould our debt be
cantile house, would have been con- no further increased, we fiould
sidered as an act of bankruptcy; have to provide annually by taxes
in October had been obliged to 2,500,000l. more than we pay al.
meet parliament for a new loan ;- ready. Mr. Grey called upon the
and in February had demanded a house, by the most powerful argu-
vote of credit to pay off arrears. ments, to enter into the inquiry he
While the minister contended that was about to propose, and to
there were only five millions of the 6 dread the overgrowing influence
navy debt to be funded, ten mil- of a minister, whose conduct was
lions of it were actually floating, hoftile to the principles of our con-
feven millions of which ought at ftitution, and whole influence it
least to have been funded. The vote was their duty to destroy.
of credit of 2,500,oool. ought to have

Non hydra fefto corpioré firmior been provided for. The intereft also

Vinci dolentem crevit in Herculem." on exchequer bills was 260,000l. and for the management of the bank in He concluded by moving that the the loan 329,000l. The stoppage of whole house should refolve itfelf the distilleries could not be less than into a committee, to inquire into 600,000l. together with what was the state of the nation. to be taken from grants for 1796.

Mr. Jenkinson contended, in reThe whole would amount to ply, that the present posture of 14,500,oool, which was the least affairs afforded no ground for such we could expect of service remain- an inquiry, and that, without fuch ing to be provided for. Instead as were peculiarly strong and subs of what was constitutional and stantial, there were many objections what was expected, it would be to one being instituted. With refound upon inquiry, that money spect to the comparative expence was voted and not applied to the with other wars, every war was Services for which it was specifically more expensive than the war prevoted; nay, the provisions of an ceding it; and, according to the act of parliament had been in. wealth, prosperity, and extent of fringed. The disposition paper did the nation, this was an inevitable hot give the house an account it confequence. If, at prefent; the could depend upon. The money prices of provisions, &c were nearly for paying and clothing the militia, doubled to individuals, must they which had been voted, and ought not be equally fo to government? to have been issued at Midsummer Must not our expences and exera 1794, was now in arrear. He un- tions also keep pace with those of derstood, that 8000l. a year was the enemy? If the war was just paid to one agent for money ad- and necessary, - which he should vanced to government, and that always maintain, fince it had been money was due to staff-officers for fanctioned by parliament, - then he duty on the continent.

After a did not see why the expence of the series of accurate details, Mr. Grey war, which was also fan&tioned by contended that our peace establim- parliament, fould be a sufficient ment could not be less than ground for inquiry!!! The state. 27,000,oool. a year; - that our ments of Mr. Grey refpecting the

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American war were, he contended, war at 51,000,000l. there was & erroneous, and the expences of balance in favour of the present France, faceeded ours by several argument, of 13,500,oool. The remillions. . The fqur, last years of venves of the country were stated that war, the money borrowed, to.

borrowed, to by Mr. Jenkinson as in the most gether with the unfunded debt, flourishing state; and, with respect amounted to 64,500,000l. and efti- to its commerce, he said, mating the expences of the present r ! The exports, taking the three lait years of peace, the

greatest period of commerce the country ever knew before, the average of each year was

£22,585,332 The average of the last three years of the present war,

24,453,338 So that the exports of the war exceeded those of the best years of peace, annually,

1,868,000 Exports of the average of the three best years of peace as before,

19,286,000 Average of the three last years war,

20,964,333 The excess of the war over peace,

1,678,333 The inoney borrowed during expences. In the American war this war, in proportion to that there were 314 Mhips in commisborrowed, in the American war, fion; now there were 368, and was at an advantage of one and a those larger ; and our 'troops, half per cent. in favour of this amounting to 2,17,206, were far country. At the close of the peace more confiderable than in any forof Aix la Chapelle, the funded debt mer war; our exertions were greater was eighty millions; at the end of than had ever before been expethe next war it was 140 millions; rienced, and the expence of subwhich, if the present plan of fund. fidies not at all too much, confiing one per cent. had been in prac- dering the benefit to be derived tice, would not have been in exist- froin them. There was, indeed, a ence at this time. This appropri- large unfunded debt; but that was ation of a million annually was cal- provided for in the ways and culated to preserve individual li- means of the year. Confidering berty, the constitution, and the very the different quarters in which the existence of the country; and the war was carried on, it was imposplan of paying off the national fible to prefent more satisfactory do bt produced a saving to the estimates : this, and the compli. nation fufficient to pay the inter- cation of estimates, fully justified eft of the debt incurred in the raising sums without the authority profecution of this just and necef- of parliament ! Mr. Jenkinson Jary war. The funded system strongly defended the system of adopted by the present minister barracks, as proper to be carried to would certainly leave a balance in its utmost exteni. With respect to our favour, however great might what we had gained in the war, be be the expences of the war. The adverted to the distrefied state of exertions of ministers, he contend- the French navy, the acquisitions ed, were fully proportioned to their in the East Indies, the Cape of

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Good Hope, the Dutch settlements, spoil our own trade by crying St: Domingo, Martinique, and stinking fishi Mr. Steele admitted Corsica. He contended, that, in- that the experces had exceeded the stead of our having degenerated estimates, though not to the extent from the constitutional jealousy of which had been stated. The navy our ancestors, a larger confidence estimates, in the three years of the had been given to ministers under war, were about 15,000,00ol. the George I and II. than at present. debt, during the same period, was A, million and a half had been about 13,000,000l. but this could raised for secret-service-money for not be faid to be incurred without ten years, and no proceedings pafled parliamentary fanction. The um upon it; and afterwards, when usually allowed. per man, since the parliament required an account of revolution, 'had not for some time, it, the ministers advised the king to even in peace, been found sufrefuse it. . Mr. Jenkinson con- ficient. The minifter, therefore, cluded by moving the order of after the first year of the war, had

ftated this debi, and had since conThe arguments of Mr. Grey were tinued to do so, together with the ably seconded by Mr. Curwen, means for discharging it. who infiited upon the propriety of whole of it; except one million and an inquiry into the expenditure of a half, had already been provided public money for the satisfaction of for; and the house, by its proceedthe public at large, by whom that ings upon this fiatement, had fully money was raised. The acqui. sanctioned the transaction. The fitions to the country, which had real amount of the extraordinaries been so much infited uponi, he of the army was, he contended, was far from confidering as ad- only 7,500,000l. Whatever dila , vantageous to us, as he was entirely regard to the appropriation act had of opinion that colonization tended been charged to the present mito weaken a country, and would nister, the same practice had been finally terminate in ruin. The constantly in use in 1782, and for result of an inquiry into the waste years antecedent to the passing of of men and money in our different that act. The provision of the expeditions, would fully prove that present year, for the re-payment of these had been no advantage to the 2,600,00ol. to the army service of couptry. After entering at large 1795, with the addition of the fur. into what appeared to him to have ther extraordinaries to be voted, he been the misconduct of ministers, was ready to pledge himself, would he thought, that, should they persist, be more than sufficient to pay the they would compel the people to army without leaving fixpence in speak for themselves, not from any arrear. Large arrears had indeed love of French principles, but from been due to the staff; but there only the burthens under which they remained 19001. unpaid for 1793, groaned. The inquiry was further 'and 16,000l. for 1794. Though supported by Mr. M. Robinson and he admitted it had not been usual Mr. Martin. It was opposed by to pass a vote of credit fo early, yet Mr. Steele, Mr. M. Moutayue, and it had been applied fix months preSir G. Page Turner, who clegantly vious to the grant. In regard to ebserved, that it was not our bus- barracks, 610,oool. had been exRefs to confess our poverty, nor to pended, and 150,000l. more wis

neceflary

necessary for their completion; in the letter and spirit of the att. this were included beer, forage, &c. An application contrary to the Of the six millions issued for the enactment of a bill was a fraud and discharge of the unfunded debt, a falsehood. The act of approprifive millions and a half were in cir- ation expressly directed the appliculation before the war.

On com- cation of sums to particular servi. parison of this with any former ces, to which minifters paid no war except 1778, there would, he respect. A resolution of the house, said, be found little difference in May 15th, 1711, strongly expressthe expence.

ed disapprobation of boool. having Mr. Grey, in reply, enforced his been taken from the navy fund by former arguments, and thought the minister, to supply the army, much of what had been urged was and stated such a diversion of the irrelevant to the subject. With re public money as leffening the crefpect to the provision said to be dit of the navy.

What ought, made for the navy debt, he ob. then, to be the dissatisfaction of the terved that there had been no ex- house, to behold a system of uniplanation in what it confifted. No form violation of every act of permanent taxes had been provided. appropriation, and to an extent the The lottery, he observed, was a most alarming? Other acts were (und in its nature so unfixed, that also violated. From the disposition it could not be regarded as avail.. paper, it appeared that certain sums able for more than incidental claims had been issued for particular ferand emergencies. This sum of vices, while it was notorious those five millions was, therefore, he con- very services were unpaid. This tended, a part of the unfunded navy was the case with the money for debt, and his statement perfectly cloathing the army, in which a accurate. With respect to the balance of 16,000l. was due from army, the statements, he admitted, midfummer 1794. With respect were nearly juft; but there was a to the bank, nothing had been said. la ving of 1,500,000l. which, ap- His original statement respecting plied to the army debt, formed a barracks was, he contended, just; dedu&tion from it to that extent. and 22 millions of permanent reAdmitting this as a proper deduc- venue would be necessary to pro. tion, there remained a debt of vide for the interest of the national seven millions and a half, conse- debt with the accumulated expenquently an excess of two millions ces occasioned by the war. and a half above the debt in the division for the order of the day, American war.

But this deduction moved by Mr. Jenkinson, the ayes could not be made ; for, were the were 207, noes 45. arrears paid, the debt would be ac

Notwithstanding the ruinous cording to his statement: A vote ftate in which the finances of the of credit was not, as had been country were evidently involved, ftated, an authority to raise a fum in the month of April two ftrange which might be applied at the dif- though not unexpected political cretion of ministers. The act stated phænomena presented themselves, that it was for the ensuing year, to alarm the thinking part of the and for prospective unprovided fer- British fenate : these were a second vices; nor would he admit of a budget, and a second loan, in the construction which violated both fame feflion,

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The chancellor of the exchequer a measure first brought forward by
on the 18th of that month brought Mr. Dent, which he calculated to
forward his second budget. He pro- produce 100,00ol. a year.
pored that measure, he said, with a suin, deducted from the amount of
considerable portion of anxiety and the deticiency arising from his re-
solicitude; and after revolving it in linquishing the proposed tax on
his mind with care and deliberation, printed cottons, left 35,000l. for
he approached it with a sincere and which he proposed to provide after
rooted confidence in the refources the following manner: The duty
of the country, which he believed on hats had been found to decline
to be sufficiently abundant to dif- yearly in its produce since its first
appoint the proud and presumptu- inftitution, on account of the faci-
ous expectati'ns which France had lity of evading it. He therefore
founded uponi a contrary fuppofi- proposed a mode of collecting it, as
tion. He divided the general dis- simple as it was likely to be effec-
cution which he submitted to the tual, which was, that, instead of
consideration of the house of com- being collected by a lamped paper,
mons, into three distinct heads :- which was easily separated from the

First, the subítitution of such new hat, it should be collected by a
ways and means as he should sug- stamp upon the lining of the lat,
ger in lieu of those proposed be in a way which would make it im-
fore Christmas, whicii

, after due in- possible for the wearer not to know quiry, he had thougat it policy to whether he had or had not paid the Telinquish :

duty. This regulation he estimated
Second, the statement of such to produce 40,000l. per annum
services as had not been foreseen in more than the old mode of collect.
providing for the services of the ing that duty; which, added to the
year, and in proposing to the com- dog tax, wculd produce 140,000l.
mittee the means of meeting those This sum was more than sutricient,
services:

he observed, to supply the defici-
Third, the measures that he ency occasioned by abandoning the
thought it would be advisable to tax on cottonis.
adopt, in order to remove the di- For the sake of uniformity, we
stress occasioned by the temporary shall here state the remaining tax
demand for money, and in order to which the minister this day propof-
give facility to commercial credit. ed, viz. a new duty on wine. He

Under the first head Mr. Pitt ob- contended, that, suproting the new
served, that, in stating the ways and duty which he was about to impose
means in December, he had men- should contribute towards the di-
tioned his intentions of providing minution in the consumption of
taxes for a calculated yearly re- wine, it would naturally lead to an
venue of 1,120,000l. of which increase in the consumption of other
£.135,000 was to arise from a cer- liquors, which might be more bene-
tain tax on printed cottons and ca- ficial to the country in other re-
licoes; but it had been since thought spects, and perhaps equally pro-
advisable to withdraw it. As a füb. ductive to the revenue. As to the
stitute to the amount of the greatest danger 'of a decrease in the con-
part of the deficiency occasioned sumption, he felt no anxiety on
by the withdrawing of this' tax, that account, because he found that
be should propose a tax on dogs; the last tax, instead of operating to
1796.

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