The Cambrian

1 IM-PERIAL PA 11LI AME XT. HOUSE OF LORDS. WEDNESDAY, MAY So,-As early as ten o'clock in the morning the House was crowded with Peers, il being under- stood that Edward Gibbon Wakefield would address their Lordships. He was brought up from Newgate, and as soon as the Lord Chancellor h»d taken his seat, the Couusel for Mr, Turner addresser! tiie House in favour of the Bill for annulling the marriage,-Thc Dukes of Sussex, Gloucester, and Devon. shire were seated close to the Bar.—After the Address of Counsel, Mr. Turner, Miss Turner, and the other witnesses examined at the late trial at Lancaster, gave their evidence to the same effect as that which produced the conviction of the brothers. Mr. Wakefield then addressed the House, and in a long harangue endeavoured to impress upon their Lord- ships that Miss Turner had consented to the marriage, and that after tlie celebration of the saine-at Gretna Green, she was cheerful and in high spirits. He complained that an un- fair advantage had been taken of him. inasmuch as he had not been allowed the opportunity of calling material witnesses. He had deditred the cross-examination of Miss Turner that day, because he had not his witnesses present to support the facts he might state upon her answeTS ,10 his questions. He entreated their Lordsihps to delay the Bill until he could bring forward witnesses. He had no witness in town-they were spread over all parts of the country, and many of their mouths had been stopped by those opposed to liira. lie concluded by saying he should withdraw all further opposition to the Biil, but could not avoid saying he had been taken by surprise with respect (o the Bill before the House. The statement made by.Counsel on that subject had not been a true statement. The Lord Chancellor then rose, and said, that in his opinion the statement of the petitioner did not in the slightest degree shake the case brought before their Lordships: lie had said the marriage was celebrated will; the consent of the lady but he (the Lord Chancellor) would ask, was not that consent ob- tained by the most atrocious fraud ? The petitioner added, that he could produce evidence to prove that, after the mar- riage, Miss Turner was cheerful and in spirits, but he was pre ■vented doing so, from the distance at which his witnesses re- sided, and that he was taken by surprise. It was in evidence before their Lordships that he had ten days' noticeofthe pre- sent proceedings, and he was not now prepared with a single evidence. His assertion, therefore, was not calculated to make any impression on their Lordships' mind; and he sub- mitted that no further time ought to be lost in proceeding with the Bill. Lord Eidon perfectly concurred in all that had fallen from the Noble Lord on the Woolsack, and thought their Lordships ought to proceed with the Bill without delay. Considering how far the marriage had been effected by force and fraud, their Lordships would permit him (Lord Eidon) to declare that the petitioner did not use lorce but fraud. Their Lordships would fi:id that the Judge who tried the prisoner, put the question to the Jury wliether there was evidence of fraud- Hit! that line of defence was not material. (Hear!) The petitioner complained that he was not in a condition 10 offer a competent proof of what appeared in his notion to be the truth. Why did not he ask the Lady at the bar questions to prove the truth. His Lordship was of opinion, there was no ground on which the House ought to postpone their proceed- ings. Uether this \«as a question of fraud and force, or fraud ■without force, he thought the House might safely preceed in its capacity to a dissolution of this marriage. The question, mm the Bill be read a second time, was then put by the Lord Chancellor, and carried unanimously.—The Bill was accordingly read a second time, and ordered to be committed on Thursday. -Several petitions were presented against the importation of Foreign Corn, and cg iinst farther concessions to the Catholics, alter which their Lordships adjourned. THURSDAY, MAY St.-Lord Redesdale presented a petition froia owners and occupiers of land In New ROnlsey, Kent, against the propllsed alteration in the Corn Laws, and parii- cuinrly against the importation of wool. 1 timer's Divorce BJI went into a Committee, and the report was ord red lo be broughi up to-morrow. The harl of Malmesbury hoped the present opportunity would not be lost to intruduce a remedy for a most disgraceful state of the law-lie alluded to what were commonly called Gretna Green marriages. Lard Redesdale also thought some reform with respect to marriages of that sort should take place.-Adj. FRIDAY, JUNE 1,—Earl Bathurst alluded to some changes which he had projected in the judicature of the Colonies, and hoped his ideas were worthy of" attention. Viscmmt Goderich said he would apply himseif to the subject, observing at the same time that the inhabitants of the Colonies -were more anxious to discover defects in the laws, than ami- cably to revise them. The Far! of Winchilsea stated that, under present circum- stances, he should decline making any motion respecting the Ministry. At the same time he thought the present unanimity in the Government was the result of some concessions. The Marquis of-Lansdoum would stale before the House and the country, that no one opinion he bad ever entertained upon any subject had been in any way withdrawn or compromised. If any inconsistency was hereafter found in his conduct, he hoped a motion would be made to give him an opportunity of ■explaining the grounds on which he had acted. Several Petitions were presented against altering the Corn Laws, and for protection to the wool trade amongst the former was owe from the landowners of Bedfordshire. Lord Malmesbury deferred his question to Ministers regard- ing the wool trade till after the recess. The House resolved itself into a Committee on the Corn Bill, when several of its provisions were discussed at some length. Earl Bathurst moved that the words "at all times" in the fourth clause be omitted. The House divided—Contents 39, Non-Contents 82. The Amendment therefore was rejected. The Duke of Wellington, who supported the Bill, proposed an Amendment to the effect, that Foreign corn now in ware- house under bond should not be suffered to be taken out of bond until the price was above 68s. The Ho use then divided, when there appeared—for the I Amendment 78, against it 74—majority in favouf of the Amend- ment 4. [The decision was received wi:h a strong expression of approbation on the part of the majority.—The Mornin«■ Chronicle, remarking on the majority, savs, "The object of the Duke of Wellington, and a number of Peers who voted in the majority, was to cause the Bill to be thrown out. We know that they had been informed. on the highest authority, that with such an Amendment the Bill must necessarily be thrown out in the Commons."—Another paper, however, the New Times, remarks that the Duke of Wellington's Amend- ment may be negatived on bringing up the Report, and in several other stages of the Bill; and (says the writer) "we dare say it will,"J Lord Dacre next proposed an Amendment, purporting that the varying duties shouM be calculated from the average of the six preceding weeks, and not of one week. Lord Goderich. said he saw no objection to this Amendment, and it was agreed to without a division.—Some other Aiuend- -Tiients having been agreed to, farther consideration of the Ibid was postponed to Wednesday, to which day their Lord- 'ships adjourned. HOUSE OF COMMONS. W EDNESDAY, MAY 50—An immense number of petitions ■were presented praying for a repeal of the Test and Corpora- tion Act,. Mr Littleton expressed his approbation of the course recom- mended by the great body of Dissenters, notwithstanding the numerous pennons on the table of the House, not to press then* ca$e during the present Session. Lord Alt nor ps said. that the Dissenters had themselves .decided against urging their c ise at present, and under those circumstances lie thought any friend of theirs would be acting an injudicious part in it forward. B itlr. Brougham said, ho should feel it his duty, whenever the Repeal was broughi forward, tfJ support it. Sir J. IVrottesley gave notice, that on the 7th of June, he should submit^ motion to the House upon the subject of the Circular, which professed to issue from the Bank of England. Mr. M,tuning s-nd, he. had no hesitation in staling that there ■ .ot the slightest foundation for considering the paper in i i ;;s the document of the Bank of England. The ,r^ ot the Bstik of England knew nothing of it what- r Sir J. (I rntteslcy said, he should persist in his motion. 1 he Dissenters' Marriage Bill was read a second time, and ,(:Oq\JJI:tt"d for hlfla.y. Mr. i.den brought in a Bill to amend the Bankrupt Laws. To be read a second time the 15;h of June. On the motion ot Mr. Peel, the Larceny Bill was re com- mitted. The report was received, and the Bill with its amend TOcnt* read a second lime. F..r the second reading of the Sale of Game Bill, a division took place, when there appeared for ihe Bill, 59 against it, 2. Ihe Penryn Disfranchisement Bill was reported, and the Bitl orciered 10 be read a third lime on Friday. In a Committee on the Excise Acts, Mr. Herries stated his intention of bringing in Bills to consolidate the Excise Acts, classify the Laws, and the g. nera) powers of the Commis- sioners—similar to what was done in the instance of the Cus- tom," Laws. Mr. Hume wished to know whether the measure was to •extend to the United Kingdom. Mr. Hemes answered in the affirmative, Mr. M. Fitzgeraid, in presenting a petition from the countv of Kerry, praying that the House would afford some speedy means in aid of emigration, from Ireland to the Colonies, wished to know the intention of Government on the subject. Mr. IV. Hortoa thought it desirable for the public to un- derstand, that until the Committee appointed to inquire into the subject of emigration had terminated its labours, and re- ported their result to the House, no steps whatever could be taken by the Government. It was particularly desirable that this should be distinctly made known by those who had the mean" of circulating the information generally through Ireland and Scotland, where a mistaken impression existed, and even iu many p uts of Englaud, Mr. L. Foster said, that the experience ftiiicii he had gained in the Committee led him to the conciusion that something must be done to enable the unemployed population of Ireland to emigrate. He would not attempt to depict to the House the misery endured by these unfortunate people. The con- sequence of this state of things in Ireland affected gentlemert' belonging to this country to a degree of which they were not, perhaps, aware. The steam-packets might be considered us bridges between the countries. The number of Irish in Lon- don was more than that ot many European capitals-more than that even ot Rome and Madrid. Unless some measures were taken to prevent this emigration, it was in vain to "xpect to diminish pauperism in England. The Committee, lie thought, were fully impressed with this conviction, and they intended to propose that a certain number of the labouring population (Jf Irtdand should be removed to the Colonies at the expense of the landlords. Af1', Calcraft said, the influx of Irish was reducing labour in England to a starvation price. This was owing to the Irish landlords, who had fostered them for their own advantage during the war, and now abandoned them for their own advantage.—The Petition was ordered to he printed.—Adj. THURSDAY. MAY 3t.-Forty.six petitions were presented against the Test and Corporation Acts. Mr. Hume then moved for a repeal of that one of the six acts, passed in 1819, which imposed a duty oil all periodical pamphlets under a certain size, authorised magistrates to call upon persons brought before them for-libel to trive security for the preservation of the peace, and declared those twice con- victed of libel subject to transportation. The Attorney-General opposed the motion. There were, he said, some parts of it so advantageous that he could not no: assent to the repeal of it. The subject would hereafter undergo consideration by Government. Mr Peel, the Chancellor of' the Exchequer, and Lord W. Russell also opposed themselves to the repeal. Lord Milton and Mr. Ltnnard desired to leave the matter with Ministers. Lord Howick supported the motion, which was eventually rejected by a division of 120 to 10. Mr. Estcourt moved for leave to bring in a Bill to continue for one year the Act (3d Geo. IV. c. 77) for regulating ale- houses. The Hon. Member pledged himself to introduce a new Bill on the subject in the course of next Session. x Mr. Hobhouse seconded the motion, and declared that the most absurd and unjust instance of legislation he had ever known was contained in the clause of the existing Act, which compelled publicans to shut up their houses at eleven o'clock at night. After a few words from Mr. S. Bourne, Mr. Slaney, and Mr. Wood, leave was given to bring in the Bill. The House resolved itself into a Committee on the Corn Averages Bill. On one of the clauses being read, Captain Gordon moved an Amendment, substituting for "British corn," corn of the United Kingdom," the object of which was to comprehend Irish corn, as well as English and Scotch corn, in the returns for the average. Mr. C. Grant opposed this Amendment; and the Committee divided upon the question that the original words stand part of the clause. The numbers were-Ayes 23, Noes 14—majo- rity against the Amendment, 9. After some farther discussion the House resumed, and the report was ordered to be brought up to morrow.—Adj. FRIDAY, JUNE 1.—The Edinburgh Oil Gas Company Bill was thrown out on a division of 78 to 35. THE BUDGET. The Speaker having left the Chair, at half-past five, the House resolved itself into a Committee of Ways and Means. M'r. Canning then addressed the House to the following effect: The task which it is this day my duty to perform difficult as it must be at any time to a person calierl for thto first time to perform it, is certainly not less so by the consideration that the picture of the financial state of the country which I have to bring forward is not «ne of unqualified prosperity. Un- doubtedly a complexion is thrown over the whole of it by the dark spots of particular parts, which has made a deeper impres- sion than is perhaps warranted in this House and the country and it is a consolation, that the nearer one approaches, and the more accurately one looks into it, there is the more ground to hope that the complexion has been. in the opinion of the public, exaggerated; and, if it has, as it is impossible to sup- pose it has not, there are and will be, nevertheless, the means and determination to repeal it. Sir, the financial situation of the country is undoubtedly one which requires to be looked at with a steady and scrutinizing eye, but in proportion as that scrutiny is accurate and steady I am happy to say that it will be the justification of hopes that the reparation is neither diffi- cult nor remote.—(Cheers.)—Sir, without further preface, as a proof of the sincerity with which I mean to deal with this subject. I shall proceed to state, in the first instance, what was our precise financial situation at the end of the past year; secondly, to combine and compare, as has been the habit of my Noble Friend, my predecessor in this place, that one year with several years preceding; and lastly,to suggest the pro- vision for the present year, and to state the grounds on which I think myself authorized to look forward with encouragement to the future. Sir, to begin with the first head to which 1 have called the attention of the House—the state of our finances, at the end of the year 1826. At the end of that year, after balancing the income and expenditure of the year, there re- mained a surplus towards defraying the Sinking Fund of only one million. The amount applicable to the Sinking Fund of that year, was 5,t)O,),vl:Ol there was, therefore, an apparent deficit of 4,500,000/. -I state this amount, because from that deficit are )o be deducted two sums which considerably reduce it. The first of these sums, is the aggregate of the advances made from the Exchequer, under several Acts of Parliament, either for public works in Great Britain and Ireland, or for the purchase of beneficial interests, which are not only likely but certain to make a more than adequate return. It is quite obvious, that money laid out in this manner, and for which the claims are available and outstanding, is not to be fairly placed to the expenditure of any particular year.—(Hear.)— Those expenses occurred upon a balance which look place in the preceding year, to the amount of 1.200,0002. To this was to be added the circumstance, that in the course at the year 1826, over-paymenis, or payments, for expenses not incurred in either years, but defrayed in that year, occurred to the amount of 1,20!),0!>ol. found in a gpecific paper. Those two sums of 1,200,000/. each deducted from the 4,500.000l., which I have stated as the deficiency of the year, has left a clear deficiency of 2,100,OOOl.. including the payment to be made by law on account of the Sinking Fund. Such, Sir, was the state of our finances at the end of the year; but before we take that as the measure of the financial ability-still more as a proof of the financial ability of the country—it will be most fit and proper to refer to that process which I have said my Noble Friend referred to, that of combining the particular year with the preceding year, and drawing an average upon the whole, and an inference from the aggregate amount.— Sir, it is just four years since the Sinking Fund was placed in its present more simple form; those four years, therefore, naturally formed the period which it is proper to combine, in order to arrive at a general result,-Taking those four years combined, the tola) income of the country in those four years at two hundred and twenty-nine millions and a fraction-may, in round numbers 230,000,0001. the expenditure of those four years taken together, exclusive of the Sinking Fund, was,- say for the purpose of dealing with it inore easily, Tio,ooo,otiol. the surplus which remained towards defraying the Sinking Fund fur those four years, we will say was 20,000,(XX)/. The total aggregate income of the four years something under 23. !,000,000/. the total expenditure soiiietliiriiyuiiderIZ7 10,000,0001, and the surplus remaining towards the Sinking Fund, a trifle under 20,000,000/. The claim of the Sinking Fund for these four years was 21 millions and a quarter, leaving an apparent deficit for the four years in the whole expenditure of the country of 1,265,000/ but against this deficiency was to be placed the amount of the sums advanced bv the Exchequer for the carrying on of the public works, for valuable pur- chases made on account of the nation, and which the public now possessed, as a security for the money expended on them. It would therefore be manifestly unjust to consider the 12,400,0001. so advanced by the Exchequer, and repayable, as part of the actual expenditure deducting, therefore, the apparent deficiency of 1,265,0o0i from the 2,400,000/ there remains a real surplus of 1,100,000Z. for the year, after defray- ing all the expenditure of the country. (Hear, hear.) I now proceed to state the income of the present year. The esti- mated Receipts of 5827, founded on the actual Receipts of 1826, amount to 54.600,000/. The estimated expenditure of 1827, exclusive of Sinking Fund, 51,700.000/. Add Sinking Fund to Expenditure, and the account will stand thus:- Expenditure. £51,761,000 Sinking Fund 5,700,000 Total £ 57,464,000 Leaving thus, I am sorry to say, a deficiency to be provided for in 1827, somewhat above 2,tt)0,0()!)<. Before I come to the statement of the present year, I wish to state the result of the Revenue of the last four years, supposing the data on which I proceed to be as accurate as those to which I have already referred. Income of the last four year, viz. 1823,24,25, and 26, exclusive of Advances and Repayments. £228,000,000 Estimated Income of 1827 54,600,000 Total. £ 282,600,000 Expenditure of these four years, as compared with the esti- mated Expenditure of the present year. Expenditure of 1823, 24, 25, and 26, ig205,667,000 Estimated Expenditure of 1827 51,810,000 Sum total Leaving thereby a surplus in the aggregate amount of the Income and expenditure of the last five years of 26,OOO.OOOl. and something more. Surplus SinldngFund, by law, in 1823, 24, 25, and 26 £21,227,765 Ditto of 1827 u 5,700,000 26,927,765 Deficiency of Income, in the five years to meet the .n. Sinking Fund required by law £1.804,165 I ins is the deficiency, as it were, by law, laId on the Sinking Fund, for n space spread over five years, for which we were left to provide out of our present resources. Now, Sir, from ihis retrospective consideration from the commencement of 1823 up to the end of the present year, It appears that the deficiency is something Under 2,000,0001., which, on a revenue of ne|r'y 300,000.0001. spread fr?er five years, h not a de- ficiency to which I will n0t even say the House oi Commons sliotti be reconciled, but which is much smaller than my ap- ions led me to anticipate, and much less than the House and the country generally conceived it to be.—( Hear, 1iear.) — [ am aware it wuy be said that there is a fallacy which pervades the whole ot tins statement, arising out of that cir- cumstance. which is familiarly designated, and generally IlIalnerlthe dead weight, but I think that it is all entire mistake to consider that the operation of the dead weight can have the effect of falsifying this account. I am willing to accede that the system has its faults-that it has the effect of compli- cating and obscuring our financial statements-(hear, hear)- but I believe that on this account more blame has been at- tached to it than really belongs to it, and in respect to this particular account I contend, that is an advantage and a be- nefit to the country. The contribution from tne Commis- sioners of Naval and Military Pensions within the last four years, amounted to ?,60o,o00/. But, Gentlemen must not forget, that when that contribution was established, no less than two millirns of taxes were annually repealed and before it is supposed that the dead weight produces an exaggerated account of the National income, Hon. Gentlemen must con- sider what amount of taxes was repealed only because this contribution was imposed. As I said before, nearly two mil- lions of taxes per annum were repealed, and in the same period in which the dead weight produced the contribution of 7,600,000/ those taxes, if unrepealed, would have produced no less than 8.2(H),000/. So far from the amount of the income, therefore, being unfairly swelled on one side, the faci is, that that side loses 600,()(jOl, by the dead weight. I do not mean to contest that the dead weight does not produce obscurity but as to the charges of swelling and inflaming the income of the country, it is perfectly guiltless. In fact, as I said before, the income of the count ry would appear to be 600,000/ greater than it is now, if it were not lor the dead weight. The con- tinuance of those taxes if not repealed too, would leave a balance against the country of from 800,000/. to 1,20(),O()Ol.- The Committee will not fail to perceive, that in all 1 have stated I have assumed the fact of the existence of a Sinking Fund, or of some fund by whatever name it is called, which will have the effect of preserving our national fame, and prove a national benefit. I assume the existence of a fund which will enable us to meet any sudden financial difficulty or any unforeseen public exigency. The present year affords nil illustration of all that I mean. During the present year we had a sudden falling off in the Revenue, and a foreign exigency coming upon us unawares; and I would ask, what would be- come of us if we were that country which should square its income and expenditure so exactly as. not to be able to meet the call which must necessarily be made in the event of those emergencies to which I have alluded.—(Cheers.)~l do not now inquire what amount of surplus revenue would meet such casualties, but if I might be allowed to give an opinion on such a subject, judging from experience, I should say that it would require a proportion of five millions out of fiflY, In this particular I am only stating my impression to the House, and not by any means my decided conviction. But, for the present year, the question which arises, and which the Com- mittee have to decide is whether the deficiency which I have stated in round numbers at three millions, and which there appears every prospect of being less at the end of the year, is to be made provision for by extraordinary means, by im- posing new taxes, or whether we should take credit on the Consolidated Fund, and not decide fully upon making up the deficiency, and meeting our difficulties until the year 1827 is ended. The question it, therefore, whether the amount of Exchequer Bills now out, is such as would bear the effect of this hypothetical action or whether the amount in circulation, and their price, is such as that it would be dangerous to adnnt the attempt. This may be known by considering their present price. Exchequer Bills are now at a premium of 50s. on the 10t)/ and it is well known that they bear a small interest. From the price, therefore, we cannot conclude that there is an overstocked market. The whole amount of Exchequer Bills outstanding is 23,P-On,oool, supposing us even to go on at the rate we have for the four months past, supposing all the accounts we have received of the reviving activity in manu- ovt 0 factures a.nd commerce, prove fallacious, taking things at the worst, the Committee will agree with me that the utmost to which the amount of outstanding Exchequer Bills can extend at the expiration of the present year will be 26,700,000/. Without taking any thing of the prophet on myself, however] and only considering the accounts which come from all parts of tlte country. I do not think I can be considered too "anguine when I suppose that there will be an accelerated ratio of re- venue during the rest of the sear,-But, supposing that we were to rely solely upon those resources, calculating at the same rate for the remainder of the year, as for the portion already passed, even then there would be a lesser quantity of Exchequer Bills outstanding, titaii had ever been outstanding before within the last twenty years,-not as to the quantity actually in circulation, but as to that quantity if added to the deficiency of the present year. I also beg to call the atten- tion of the Committee to the 26,noo,o()Ol. of Exchequer Bills now outstanding; one-fifth is of a different nature from the remaining four fifths, and from Exchequer Bills in general. The aggregate of these were advances made by Government, and now due to them to the amount of five mintOtM. These were represented by the different public works, which might be considered as available, and convertible securities. This would reduce the amount of Exchequer Bills, even taking the most unfavourable view, so that including the deficiency of of the present year, they would amount to only in circulation, which is less than had ever been outstanding during the last twenty years. Under these circumstances I put it to the Committee, whether it will be better to run the serious risk of defraying the expenditure to be provided for by an addition to the Exchequer Bills, and it will be for them to compare the results of such a proceeding with the effect which might he presumed to follow any other mode. For my own part, I am strongly inclined to that method to which I first alluded. Ihe state of the country is now hopeful; its prosperity cannot be considered as completely confined,'but I trust that it is proceeding to return gradually to its former power and security. That it will attain it I have no doubts provided nothing extraordinary occurs; and provided also, that it is not hampered by any thing which can divert the course on which it has already entered I state, Sir, that we have an improving revenue; but I am not so sanguine as to imagine that we can overtake the deficiency which has oc- curred but it, will be wise, nevertheless, to wait its realization or disappointment before we decide what other course is to be adopted. Sir, if I had to decide whether I should take a course like this without having the advantage of previously stating it to Parliament, I should have felt the respoi^ibilii'v too great; but, having that opportunity, and because I have nothing to keep secret or concealed—nothing to keep back, I have the courage to say, that to wait and to expect is better than to be premature and precipitate. I have thus far stated the general principles on which I think it expedient and wise to proceed, ralher than enter into any complicated accounts or multiplied details, which may only add to the complication, and which belong to a department III which. I am free 10 ad- mit, my experience is not very great ~(Hcar, hear j— My object has been to put forward the principles upon which I propose to proceed, in as conspicuous a way, as I wish the course to be pursued to be clear and satisfactory. It only remains for me to state the Supplies for this vear- Army £ 8,194,000 Army £ 8,194,000 •• •• 6,125,000 Ordnance 1,049,000 Miscellaneous 2 275 900 Interest on Exchequer Bills '65»',000 tr. «i,;0 .1 • • -18,893,000 Ul.i, u.c rising ot Parliament, it will be my duty to call on the House for a vote, by wav of a vote of credit, the object of which Ishaj) ihen cxplain to the House to be any unforeseen contingencies that mayaiise, relative to the army. The accounts which have been laid on the table, as to tile Ways and Means, shew as follows Supplies of last year's Income nnn Military and Naval Pensions V Debt from the East India Company, partly on ae- count of their share in the charge of Military Pensions, &c. and partly on account of Naval Expenses in the East Indies during the late war 100,000 Duties on Sugars and Personal Estates. 3,000,000 And I also propo<e to move for a vote from the Consolidated f und, to cover all deficiencies. The deficiency to be provided for the year is, altogether, 2.86i,OOOl. The vote of credit which I must move for, will be 500,000/. It will be found that 'he supply of this year exceeds that ofthe last, by about 800,O()()t. That excess arises from two lieads-tlie. army ex- traordinaries, and the vote of credit. A great part of this sum must be referred to the extraordinary demands of our army abroad. But I am far from binding myself to say, that to bring back the expenditure of the country to the scale of the expenditure of last year, is all that I should expect to be able to accomplish, or all that the Government is inclined to do. (Load cheeimg.) I am afraid to indulge in promises, became they must be contingent on events which we cannot controul. All I can say, ^therefore, is, that it is the fixed determination of Ins Majesty s.Uovernment to apply to these important sub- jects-the reduction of the expenditure and the improvement of the revenue—their best and most zealous efforts, and to call on this House to counsel on these matters. (Cheers ) The country is in a state at present rather to be left to itself than even to be aided in its return to prosperity. And if I enter- tain, as undoubtedly I do, a sanguirte llOpe that the time is not very far distant when the prosperity of the country mmy be more unequivocally demonstrated than it has lately been. 1 found that hope rather on its known intrinsic energies, and its inherent, though not now put forth, powers, than T no upon any indication, ansing from particular circumstances, which I could fairly turn to, as justifying that hope. [Here the Right Hon. Gent. quoted a passage from a former speech of Mr. Pitt, which beautifully described the energies of the em- pire, and the operation of that spirit of enterprise for which it is distinguished, in communicating the commercial activity and wealth or ns own people to the most distant regions"! The Right Hon. Gent, concluded thus :—" These words, Sir, are Mr. 1'itl s the authority cited is D>\ Adam Smith. He clearly says, that the application (Jf philosophy to politics is no innovation. *lns was iu 1792 and I, Sir, am content to go back to wyj, and lake the words of Mr. Pitt into my own mouth, and proclaim ihem to Parliament, as those which shall be the guide »nd .polar star of my conduct.fT/ie Right Hon Gent. sat ucicn amidst loud cheer ings from all parts ofthe House. J 0 Mt. Rums said,he MTer ck*p>aire<of country, fcscapgc he was convinced it possessed resources capable of meeting every difficulty but he could not help differing from the Right Hon. Gentleman as to any hope in an increase of the national income. The public funds were unnaturally high, 1( becnuse there was no profitable way of employing capital; and he (Mr. H.) thought the general interests of the country were in a depressed state he considered our finances to be in a worse sute than any other country in Europe and the greatness of the public credit would be the ruin of the country. It had got us into a debt of 800,000,00i)! and fie must protest against increasing that debt. If we had not the means ot meeting the expense but by an increase of Ihat debt, he thought it far preferable to diminish that expense; as-110 plan would be so effective as that of keeping our expenditure within our income. The Hon Member concluded by calling on the ilight Hon. Gent. to put an end to the Sinking Fund immediately, as its effect was to increase our debt instead of relieving Its. Lord Alt/wrp was confident the Right Hon. Gentleman did not mean to delude the country and his having promised a Finance Committee, gave earnest of his wishes to relieve the country. He should, therefore, give his assent to ihe measure of the Right Hon. Gentleman, al the same time )b,erviiig !Iiut, if the greatest economy was not practised, he could not con- tinue to support his Majesty's Administration. Sir H, Parnell thought it would be imprudent to interfere wilh tin: plans of the Government at present. Colonel Davies strenuously urged the Premier to support a reduction of expenditure, which would insure him that best of ali praises-a Pill riut Minister and the benefactorofjnscountry. Lord Milton expressed his confidence in the proposal of a Finance Committee but trusted the Right Hon. Gentleman would himself put on the armour of denial against ati demands tei" Iiiig to increase the expenditure. Mr. Brougham, considered the plan of the Right Hon. Gent far better than that of new taxation,or increasing the unfunded debt, under the circumstances of the country Tie looked forward to the labours ol the Finance Committe with great expectation—particularly after ¡he lIew lights which had bro- 9 kcn in upon Commercial policy. The Challcellor of the Exchp. quer had not indulged in too picturesque or sanguine views; and he ( Mr. B.) could bear testimony to the fact of an improve- ment in trade according to various letters 1 hat he had received. Resolutions for raising money by Exchequer Bills were eventually agreed to, and the Report ordered to be made on Wednesday. The Frivolous Arrest Bill, after a few words from the Attor- ney and Solicitor General, was thrown out. The Bill tor preventing arrest on mtsne process for sums under 'flnl was lead a second time, and ordered to be commit- ted on Thursday. The Simony Relief Bill was read a third time, and passed. ThcCoTIIAverages Bill was also read a third time and passed. On the motion of Mr. Manning. Came, committed to New- gate for prevarication before the Penryn Election Committee, was ordered to be discharged, having in his petition to the House staled that he had no intention to give a false statement in his evidence before t:,e Committee. The House then, on the motion of Mr. Canning, adjourned to Wednesday.