TABLE No. II.

The amount of money applied for the redemption of the national funded debt of Great-Britain, and of capital and interest redeemed since the commence ment of the sinking fund in 1786, to 1st February, 1813, and the produce of the sinking fund, at that time, are as follows :

Amount of one per cent. sinking fund,

4,738,683

Sinking fund of 1807, on Lord Henry Petty's plan,

626,255

Annuities, the term of which is expired,

79,880

Life annuities, of which the nominees have died, prior to July

5th, 1802,

21,141

Life annuities unclaimed for three years, prior to January 5th, 1813,

30,135

Deduct life annuities granted for capital, £40,333
Of which expired,

13,149,587

4,660

35,673

Amount of sinking fund 1st February, 1813,

The three per cents. were redeemed nearly at 62 7-8 at an average.

13,013,914

The four per cents. at 84 1-2.

The five per cents. at 89 3-8.

Transferred for purchase of land tax,

24,378,804

Unredeemed debt of Britain, 1st February, 1813,

£575,211,393

Which debt was invested in the following funds :

CHAPTER IX.

REVENUES, derived, principally, from duties on imports and tonnageAmount received from the customs, from the commencement of the Government, to 1814-Gross and net amount of the customs, accruing annually, in each state and territory, from the commencement of the Government, to December 31st, 1810, with the amount of drawbacks, &c.-An account of internal duties laid prior to 1802-Amount received, prior to, and since their repeal in that year-Various internal taxes laid since 1812-Direct taxes, which have been laid, at different periods-Amount of the va luation of lands and houses, in 1799-Comparative view of the value of lands and houses, in 1799, and 1814, in several states-Proceeds of sales of public lands-Estimate of the quantity of public lands yet unsoldPost-Office establishment-Amount of postage received-Receipts and expenditures, at different periods.

PREVIOUS to the late war, between the United States and GreatBritain, the revenues of the United States were derived from the following sources, viz.—

1. Imported articles.

2. The tonnage of ships and vessels.

3. Spirits distilled within the United States, and on stills.

4. Postage of letters.

5. Taxes on patents.

6.

Dividends on bank stock.

7. Snuff manufactured, in the United States.

8. Sugar refined, in the United States.

9. Sales at auction.

10. Licenses to retail Wines and distilled spirits.

11. Carriages for the conveyance of persons.

12. Stamped paper.

13. Direct taxes.

14. Sales of public lands.

The revenues of the United Statcs, have been principally derived

from duties on imports and tonnage. Internal taxes were laid, at different periods, after the commencement of the Government, and by an act passed April, 1802, were all discontinued, from and after the 30th of June of the same year. On the 14th of July, 1798, a direct tax, of two millions of dollars, was laid upon the United States, and was the only direct tax imposed previous to the late war.

The customs, as they are called, consist of duties on imports and tonnage, and also of monies, arising from passports, clearances, light money, &c. The gross amount of the customs is that, which accrues on the importation of merchandize, the net amount, as it is called in the Treasury book, is that which remains, after deducting the drawbacks on the exportation of the same merchandize; and also for drawbacks on domestic spirits exported, on which a duty has been paid, and for bounties and allowances for the fisheries, and on the exportation of salted provisions, and also, after deducting the expenses of prosecution and collection.

This amount is secured to the Government, by bonds payable at different periods, according to the term of credit, given to the importer. Owing, however, to the bankruptcy of obligors, failure of collectors, and other causes, the whole of the money thus secured, does not come into the public Treasury.

The amount of the actual receipts from the customs, from the commencement of the Government, to the year 1813, was as follows, viz.

In consequence of the late peace, and the double duties, there is no doubt, that the amount of the customs, which will accrue in 1815, will exceed that of any former year; estimates of the amount have varied from fifteen to thirty millions.

The gross and net annual amount of the customs, which have accrued, with the amount of drawbacks on merchandize, and on spirits exported, of bounties and allowances, and expenses of collection, in each state, and territory, from March 4th, 1789, to 1810, inclusive, appears from table No. I. This statement was laid before Congress, on the 27th of February, 1812, and serves to shew, not only the amount of the customs, with the drawbacks, but also the extent of trade in each state and territory.

The amount of duties, which accrued, in 1805, 1806 and 1807, was much greater, than in any preceding, or subsequent years.

Of this sum, the amount which accrued, and was secured in the states of Massachusetts, New-York, Pennsylvania, Maryland, and SouthCarolina, was as follows, viz.

The duties remained nearly the same from 1802 to 1812, except an addition of two and a half per cent. on merchandize imported, paying duties ad valorem, which constituted the Mediterranean fund; the great increase of the duties, therefore, from 1802, to the commencement of commercial restrictions, was owing, principally, to the increased population, and consumption of the country, and to the prosperous state of American commerce, during this period.