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the statements of the expence of agitation. He then went into a the army and navy to be correct, long detail of his intended plan. there would be a reduction on these Those who contributed to the asbranches to the extent of two mil- sessed taxes coinposed a number of lions and a half; and including the about 7 or 800,000 house-keepers reduction on the head of extra- and masters of families, including ordinaries, the savings upon the a population of nearly four milwhole amounted to the sum of lions, on whom the proposed sum 6,700,0001, But notwithstanding would be raised. The number of this diminution, there still remain those who were not included at all, ed the above-mentioned sum of on account of their poverty, he 25,500,0001. to be provided for, as estimated at 500,000 house-keepers the supplies of the ensuing year. He and masters of families, covering a then proceeded to state the usual population of between two and articles wbich composed part of the three millions. annual ways and means, These The assessed taxes, as far as could were the growing produce of the be ascertained, amounted to about consolidated fund, and the land and 2,700,000). Therefore the proposin malt. The former he took, along ed additional assessment would awith the lottery, at so very small a mount, on the whole sum of the sum as 700,0001.; making, with the assessed taxes, to something less land and malt, the sum of three mil. than a treble contribution. If he lions and a half. There then re had not been deceived in the inmained the sum of twenty-two quiries he had made, the greatest millions to be supplied by some contribution would not exceed a other means. After considering tenth of the income of the highest the burdens which had already class of those by whom it was to been imposed upon the people, and be paid; and no man would think the sums which had been added to such a sacrifice too great for such a the national debt, it would be cause. To prevent evasion, he found to be no light matter to raise proposed, that not future but past such a sum. In the first place, assessments should be made the however, the bank would agree to basis of the new contribution : be. advance on exchequer bills, to be cause, prima facie, the most imparrepaid at short periods, the sum of tial evidence that can be obtainthree millions. According to the ed, of the ability of each individual received system of our finances, to contribute to the exigencies of the ordinary mode of providing for the state, was the amount of his exthe remaining 19 millions of the penditure of income before he had supplies would be by a loan. But in any temptation to lower it, in orlieu of this he should propose a der to elude taxation. After hav. new mode ; namely, that of raising, ing given the outlines of his plan by a general tax, seven millions of for the treble assessment, he advertthis sum within the year. The ed to the remaining sum of twelve other twelve millions he said, he millions, to be raised by loan. should propose to raise by the usual Four millions, he said, might be way of loan,
borrowed without making any adIt had been understood for a ditional debt, for the sinking fund considerable time that a great in- would pay that sum. crease of the assessed taxes was in. For the other eight millions he
prepased a different provision; what had so often been said, that namely, that the increased assessed it would have been fortunate if the taxes be continued till the princi- practice of funding had never been in. pal and interest be completely dis- troduced; and, that it was not tercharged; so that after seven mil- minated, was much to be lamented; lions should be raised for the ensu- but if the nation was arrived at a ing year, the same taxes in one year moment which required a change more, with the additional aid of of system, it was some encouragethe sinking fund, would pay off all ment for the people to look for that principal and intermediate in-' ward to benefits, which on all formterest. His propositions, therefore, er occasions had been unknown, if carried into effect, would not on- because the means of obtaining ly furnish a current supply, but them had been neglected. He con quicken the redemption of the na- cluded with moving, " That it tional debt. “ This (he said) would was the opinion of the commitspeak a language to the enemy that, tee, that there should be paid a duty, by cooling the ardour of their ex- not exceeding treble the amount of pectations, and shewing them the the duties imposed by several acts absurdity of their designs, would of parliament now in force, on afford the best chance of shorten- houses and windows, &c. &c.” ing the duration of the war, and of.. For the sake of perspicuity, the lessening the duration and weight following recapitulation is given of of our taxes.” He acquiesced in Mr. Pitt's calculations,
Navy . . . . . . . . . . . . . . . . 12,539,000 Army . . . . . . . . . . . . . . . . 10,112,000 Ordnance . . . . . . . . . . . . . . . 1,291,000 Miscellaneous services . . . . . . . . . . . 674,000 Reduction of debt . . . . . .'. . . . . .
200,000 Deficiency of grants ............ 680,000
Total £. 25,496,000
Mr. Tierney rose, and declared, exchequer, he could never again that after having heard the speech face his constituents with confi. just made by the chancellor of the dence, if, by remaining silent, he
gave gave it any sort of countenance. opinion even of the minister, apo He trusted that the minister was proaching its end. They would now become sensible of his former see the same man, who had brought inaccuracies. He had stated in the his country to the extremity of preceding session, that the new ruin, now virtually confessing his sources of supply he then proposed inability to pursue former methods would not only make up for for- of raising the supplies, and crouchmer deficiencies, but would amplying, as it were, to the bank to help meet the expences of the current him out of his d fficulties. He year; and yet the issuing of navy asked, what was to be done in the Vills, ore part of his plan, had in- next year of the war? For with creased the calculation one million the present administration, he held and a half: he had proposed five it impossible the country could millions for the extraordinaries of have peace : the right honourable the navy; and yet with this sum gentleman wanted the requisites to voted, which he considered as a bring about a peace; he wanted most amply supply, it now appear the confidence and respect not only ed that he had formed erroneous of France, but of Europe. It was calculations, to the amount of three impossible that France could have millions ; for the expences of the any confidence in the pacific disnavy had exceeded the estimate to position of the present cabinet, the extent of that sum. He oppose composed as it was of men avowa ed the minister's proposal of the edly united by no other bond of bank's advancing three millions, in union than that of hatred to the the same manner as he had opposed French republic. “ In what conthe measure lately adopted by the gress could an English embassador house, for continuing the bank- sit, deputed by the present adminiruptcy of the bank. He wished to stration, which must not present be satisfied upon what grounds the to him the plenipotentiarics of bank-refused the people payment in courts which bad either insulted, specie, whilst at the same time it deceived, or deserted, his em increased its advances to govern- ployers." ment. The present measure would Mr. Nicholls and Mr. Curwen occasion an emission of paper to a also opposed the plan of the miniconsiderable increased extent; and ster. The former observed, that it he was afraid it would have this had been stated by the right hon, tendency, that it would be expected gentleman, that in consequence of of the bank to advance still more his measures, the number of stockand more, whenever future de holders had been increased all over mands were made upon it.
the country. He allowed the truth With regard to the measure of of that statement; but considered raising seven millions towards the it as one of the calamitics of the supply, by additional taxes within present war, and the funding sythe year, he contended that it stem by which it had been carried would have an effect upon the ene- oui, that their number was increasmy, very different from what the ed. Hence no money could be chancellor of the exchequer had raised by the tradesman for the supposed in his statement to the purposes of his business; while the house ; for it would serve to show money borrowed by government that our fundivg system was, in the was enormous in amount, and bor.
Towed at enormous interest, the absolutely refused any answer to trade of the country must be ex. our projet ; that it was not any dif tremely prejudiced. In fact, there -ference about terms that broke off was now instituted a monopolyor the negotiations for peace, but the more severe, more oppressive ehan implacable hatred of the enemy zny munopoly that had ever pre- against this government;-that they Tailed : it was the monopoly of demanded indeed that we should borrowing, entirely vested in the begin by giving up every thing hands of government. - He took that we had taken in the course of this opportunity of giving notice the war, and then they would conto the house, that if the chancellor descend to tell us what more they of the exchequer should persevere had to ask. io his present plan, he would here. The house having resolved itself after make a motion, for compel- into a committee on the 4th of ling placemen and pensioners to beara December, the chancellor of the very large part of the burdens to be exchequer stated the particulars of imposed by it. Those gentlemen his plan for increasing the assessed might recollect a resolution adopt- taxes, of which before he had only ed in the reign of queen Anne, given the outline. He began with that no placeman or pensioner reminding the committee that he should receive more than five hun. had stated the product of the assessed dred pounds a year during the war. taxes at present to be 2,700,000l. He concluded by observing, that if Some had not been collected hither. the minister's plan was adopted, to; but he believed that they and seven millions were raised would not fall short of their esti within the year, and seven millions mate, which was taken at 600,0001. more within a year and a quarter, These were the additional assesse he was convinced the consequences ments of the preceding session, of would be, that the middle classes of which the actual returns had not bouse-keepers would be completely then been made. He apprised the crushed.
committee, that the assessed taxes Mr. Curwen contended that the consisted of two descriptions, which war was no longer a war of necessi- deserved a separate consideration, ty; and it became gentlemen to The first comprehended the tax on consider, whether, as a war of in- houses, windows, the commutation demnity, that indemnity was worth tax, and the two additional 10 per. the price at which it was to be cent. duties upon the amount of bought. Peace without indemnie these ; making in all the sum of ty, he believed, might have been 150,000). This was but a small obtained long before. It was not proportion of the whole sum cola war in which Great Britain was lected by the assessed taxes; and it compelled to enter for any injury showed that care had been taken to sustained by herself; it was merely avoid too hard a pressure upon on account of her allies, the Dutch, those whose circumstances would and to procure indemnity for them, not bear it. The other description that we entered into the war. containe i all the same charges up
Mr. Dundas agd Mr. Vansittart on houses, windows, the commu. offered several arguments to prove tation act, and the 20 per cent. adthat the French had been called ditional duties; while 1,300,0001. upon to state their terms; but bad was raised upon male servants,
horses, carriages, dogs, and watches. the various alterations which the It was his intention, therefore, as bill underwent in its various stages, these were chiefly articles of luxu. would be tedious and uninteresting, ry, to triple the duties upon the and would carry this publication latter, while he took care to have greatly beyond its usual limits. Let the proportions of the former mo- it suffice, therefore, to say that the dified. He next stated to the com, following were the outlines of the mittee the different proportions of bill when it was passed into a law, contribution which he proposed to which were all founded upon Mr. affix to the different classes of those Pitt's first propositions to the comhouse-keepers, who came under his mittee. first description, of subscribing only Persons paying assessed taxes were to the house, window, and commu- divided into three classes. The first tation taxes; he afterwards stated class consisted of those persons paythe different proportions of addi- ing for male servants, carriages, tional assessment, which those were and horses, on or before the 6th of to pay who came under his second April 1798, and were to pay in the description, of contributing not on- following proportions. ly to the house, window, and com- Where the old duties were under mutation taxes, but also to the 251. per annum, an additional duty taxes raised upon male servants, equal to three times the present horses, carriages, dogs, and watches. amount; that is to say, the addi
To detail at length the history of tional sum of seventy-five pounds.
The second class consisted of mount to one pound, the persons persons paying the duties on houses, were exempt from the additional windows, dogs, clocks, and watches, duty.
Where these taxes did not a
Persons paying under 21. were to pay an additional duty equal to one
fourth of the present amount.
Ditto 31, and under 51. three fourths ditto.
151. and under 201. three times ditto.