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the situation in which the land be made collateral security to the holder must be placed by this plan? funds; this was intended as a secuHe was to be called upon in twelve rity to the public, in lieu of a duty months to say, whether he would upon land. The particulars of the or would not purchase his land tax? measure would come forward on This scheme appeared so unlikely the detail of the bill; and he could to answer the end which the au- not regularly allude to them in the thor of it held out to the house, course of a debate on the resoluthat he could not help thinking tions. there was 'some secret purpose in Mr.Hobhouse observed, there was view; it seemed to him, that it was one objection which attached to the intended to give a new kind of very principle of the plan ; namely, landed security to certain funds. that, according to the resolutions, If 80,000,0001. of 3 per cents. were the laud tax now granted annually taken out of the market and in- was to be converted into a perpevested upon land, the measure tuity ; this tax, from its first intromi ht be followed up still farther, duction in its present shape, more until all that description of stock than a century past, had been someshould obtain this new security, times at 2s., sometimes at 3s., but and be thereby rendered more va- never more than 4s. in the pound, luable ; but no act had been passed When it was raised by lord North to implicate land as collateral se- in 1775, from 3s. to 4s., it received curity for the funds, and he was the consent of the country gentletherefore very unwilling that such men, expressly upon the ground, a new measure should at once be that other taxes were scarcely ever extended to no less a sum than lessened, but that the land tax had fourscore millions of stock. For frequently been reduced. But it these reasons he would oppose the was now proposed to make a tax motion for the second reading. perpetual, which was only assented

Mr. Pitt contended, that part of to at a period of national exigency, the plan was a pecuniary gain to in the hope of one day seeing it rethe public, and that to a consider- mitted. He then reverted to the able amount ; but that was an ob- probability there was of a fresh ject of a secondary nature ; it would land tax being imposed. The mihave an influence to raise the price nister himself had not denied that of the funds, which would tend to probability; and one of the resoraise the credit of the country, and lutions provided, “ That all lands, by so doing increase its resources. &c. which shall have been redeemHis motive in this measure was not ed, shall for ever be, and discharthat of raising the three per cents. by ed from any tax, other than such as taking away the value of land, but shall be imposed therton in proportion te it was to raise the value of stock in the annual value of the same in comthe funds; which, by the way, was mon with all other property of the same a mortgage upon all the land, and description; and that in estimating upon all the commerce of this the value of such property, the country ; and by raising that va- annual an ount of the land tax so lue, to raise the value of every redeemed shall be deducted." He other species of property in the contended, that it might be inkingdom, by increasing our re- ferred from this resolution, that sources. There was not land to the sale of the present land tax might lead to the imposition of an- scription of property, whether it other, according to the present value would have a tendency to invigora of the landed property of the king- ate public credit,. by raising the dom. Six-pence in the pound up- price of the funds, and reducing on the improved rents, would pro- the national debt ?. They would bably subject every landholder to also recollect, that when he first tbe payment of as large a sum as proposed the measure, he stated the present. When the measure that its. not being successful in the was viewed in this light, it could first instance was no proof against only be regarded as an invasion of its ultimate advantage; though it the sacred right of private property, was then rather uncandidly urged and deserved to be reprobated no by his opponents, that it was not less than the contribution act; by likely to prove of any benefit to which a man's fortune was inferred the public, since the bare mention from the quantum of his payment of the proposition on that day had to the assessed taxes, and a portion not raised the price of the funds. of it seized for the use of the state. He was happy, however, to have it He concluded with hoping, that in his power to assure the house, the house would not allow the re- that a considerable advantage to solutions to be read a second time. the public had already resulted

The hon. Mr. D. Ryder and lord from the agitation of this measure. Hawkesbury entered into a vindica- It had happened, that, notwithtion of the chancellor of the ex. standing a loan was contemplated chequer; and contended for the and even in actual negotiation, the utility of a measure to which they funds were that day higher than bad paid, such serious attention, they had been on any day since he and proposed with so many co- first proposed the subject to the gent arguments in its favour. house ; but upon this circumstance

The resolutions were then read he set the less value, as it was not a second time, and bills ordered to the ground upon which he originbe brought in pursuant to the same. ally recommended the measure to

When the chancellor of the ex- the house. That recommendation chequer, on the 23d of April, mov- was founded entirely upon a distant ed the order of the day for the se-benefit-not upon an immediate cand reading of the bill, Mr. Jol- one. He had that day been treatlitte wished the second reading ing for a loan, and he had the sato be delayed, and moved an tisfaction of assuring the house, that amendment to that effect.-Mr. the monied-men entertained the Pitt was against the delay, and en- highest opinion of the advantages tered into an argument in support likely to result from the sale of the of the measure. It was unnecessa- land tax. In consequence of the

to detain the house, by going present situation of the country, he over all the various topics which had made a bargain (which would had been urged before ; but he be made known to the house in a begged leave to bring to their re- few days) more advantageous to collection, that the principal point the public than any be had made tissae between him and those who in times of the greatest tranquillity. opposed the bill was, supposing he T he honourable Mr. Pierrepoint God succeed in transferring such a seconded the amendment proposed ortantity of stock into another de- by Mr. Jolliffe, and gave it as his

opinion,

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opinion, that the measure would for complaint. ' He supported the not be of advantage to the country. second reading of the bill without

Lord Sheffield, who had before delay.-Mr. Hobhouse contended objected to the principle of the that some allowance ought to be bill, said, that after a more mature made to country gentlemen when consideration, he found it so un, they did use warmth upon the disjust, so partial, and in every respect cussion of this bill, when it was so bad, that no mode of carrying considered how great an injury it into execution, or even any ads they would suffer by the adoption vantage that might possibly be ob of the measure. He agreed in the tained, could reconcile hiin to it, observations made upon the bill by because he was convinced that the lord Sheffield. If it were proper mode proposed could not attain that an additional poundage should the object which he understood be laid upon the land (which he was to raise the value of certain did not admit), it ought to be imfunds; or, in other words, to ease posed without interfering with the that property which was not taxed present tax. Suppose the land, at all, at the expence of another holders, by a rigid economy, to efkind of property, viz. land and fect the redemption of the existing houses, which were at present over. tax, the old account would soon whelmed with taxes. He should be forgotten, the new one only never cease to remonstrate, against would be remembered. The lansuch conduct towards the landed guage of the minister would then interest. His lordship said, that be, “ You gentlemen of landed an honourable baronet (Sir Wil- property pay at present but a very liam Pulteney) had very ably stated trifle ; you certainly can afford to the fallacious expectation that was contribute a little more in support held out by the bill now before the of the exigencies of the state." Afe house.

ter Mr. Bastard and Mr. Tierney Mr. secretary Dundas supported had opposed the bill, the house the bill, and expressed some sure divided, prise that gentlemen should be calle For Mr. Jolliffe's amendment 38 ing for the delay of a bill, the es- Against it - - 153 sence of which had been printed, and in their band above a fortnight Majority

115 ago, for the essence of it was to be A debate took place on the third found in the printed resolutions. He reading of this bill, on the 30th of thought it strange also that they who May, in which very few additional could argoe cooly and deliberately arguments were urged either for or enough upon most topicswhich came against it. 'The discussion princibefore them, shonld mix in the dis- pally consisted in a recapitulation cussion of this matter a degree of of the advantages and disadvantages heat which certainly did not belong which had been urged in the fors to it, for this measure certainly re- mer stages of the bill. Lord Shef quired a temperate discussion. He field persisted in wishing the entire approved of the hill on account of rejection of the measure. He reits utility, as well as fairness and peated, that the house did not know equity. The landlord was under the bill; and that those who no obligation to redeem his land brought it in did not understand Lax, and had therefore no ground their own plan ; this was clear, he said, from the strange botchwork Ayes . - 33 wiach they had made of it, adding Noes - - 135 every day many new clauses, and The bill was then read a third time. altering others, so that it was by This being a money-bil', was not 10 means the same as was first discussed at great length in the brought in, and consequently un- house of lords; but wis opposed known to the country: that the by several of their lordships upon chancellor of the exchequer had nearly the same grounds us it had proved in a very extraordinary been in the commons.-Upon lord Tauber that he was unacquainted Grenville's motion for the second with the bill, by saying that the reading on the eighth of June, the cause relative to the future land bili was strongly opposed by lords tar of Scotland had been inserted Caernarvon, Suffolk, Thurlow, without his knowledge.—Sir Rich; and Holland. The arguments ard Cars Glyan strongly supported urged by lord Thurlow were parthe measure, and expressed bis ticularly energetic The bill, he astonishinent that gentlemen of contended, was partial; its provihigh respectability, and known at- sions were more favourably framed tachment to their country, should for the Scots land-holder than for so decidedly and warmly oppose it. the English ; the latter could not Ile contended, that the country apply to the court of chancery for had already received much advan- redress with the same facility that tage from the bill. Previous to the former could appeal to the the rumour of this measure, the 3 court of session. He urged, that a per cent, annuities were at 47 per measure which entitled every man cent. and many gentlemen con- to buy, and obliged so many to versant in the operation of the sell, was no other in effect than a fanris had given it as their opinion, requisition for the disposal of an that if some measure similar to this aliquot part of every man's estate. in effect had not been brought for. He considered the idea of taxing ward, the 3 per cent. annuities must the personal property of every in have been sold to the loan-con- dividual equally necessary with taxtractor at 45 per cent. The house ing the landed property. His lordwould recollect, that since the ship repeated a simile, which he had bringing forward this bill, the read in a work respecting the ads minister had bargained with the ministration of Sir Robert Walloan-contractors for the same stock, pole, where the country gentlemen ar opwards of 43 per cent. Here were compared to sheep, who was a gain to the public of 3 per quietly suffered themselves to be cat. on every 1001. stock, making shorn and re-shorn; and the monied on the whole loan a gain of up- men were compared to hogs, who wards of one million of stock.-Af- always made a noise and bustle ter Mr. Sheridan had spoken in whenever they were attempted to coposition to the bill, and lord be touched. For this reason, he Hawkesbury in its favour, the supposed, in the present instance, house divided upon the motion of the latter description of persons lord Siseffield, namely, " That in- were left untouched; but if the stead of the word now,' the words land-holders or country gentlemen

this day three months,' might be were satisfied with this measure, iseerted.

they would deserve every evil that

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could befall them. After Lord expenditure under each distinct, Auckland and Lord Grenville had head. The first was the navy, spoken in support of the bill, their which he had estimated in Novemlordships divided upon the second ber at the sum of 12,538,0001. to reading,

which the committee had since addContents (including proxies) 27 ed the sum of 910,0001. making a Non-contents "acontents

- - 7 total of 13,448,0001. The next The bill was read a third time article of supply was the army, on the 13th of June, when a pro whicb the committee would retest against it was signed by the collect had been estimated at dókes of Leeds and Leinster, and 10,112,0001. To this sum there lords Caernarvon, Suffolk, and had been since added the charge of Berkshire.

1,315,0001. for defraying the exThe next financial business pence incurred by the supplement. which occurred in the parliamen- ary militia ; and 130,0001. for the tary proceedings of 1798 was the provisional cavalry. There was second budget, introduced into the also a sum of 350,0001. for the house of commons in a committee volunteer corps of infantry, which, of ways and means, on the 25th of he had the happiness to remark, April, by the chancellor of the ex. amounted to no less than 40,000 chequer. He began hy reminding men. The next article related to the committee, that when he fur- the foreign corps, and made an exnished an estimate of the total ex- penditure of 226,0001. He formerpenditure in the preceding Novem- ly stated that the extraordinaries inber, for the ensuing year, he then curred in 1797 were likely to amount stated it at nearly twenty-five mil- to about 1,300,0001.; and they had lions and a half, to be provided for only exceeded that sum by 61,0001. the exigencies of the public ser. The original estimate of the charge vice. It was a great satisfaction to for barracks was 400,0001. to which hiin, and be trusted it would be he now added the further increase equally so to the committee, that of 120,000). These were the what he had now to lay before whole of the articles which respectthem differed but little from the ed the army, with the exception estimate which he had given in be- of 700,000). for future extraordi. fore; and that difference arose naries. The extraordinaries he had from such obvious objects is to formerly calculated at 2,500,000). make it unnecessary for him to but he now took them at 3,500,000). take up much of their time in ex- These items, taken together, gave planation. The total amount of the total sum of 12,857,0001. for his second estimatewas 28,490,000). the army estimate. There had differing by the sum of three mil- ' been very few additions to the lions of excess from his first. This charge for miscellaneous articles, excess had unavoidably arisen from and the total of the sums appro

the unforeseen and additional pre- priated to this branch he stated at : parations on the part of this coun- 682,0001. Upon the whole there

try', occasioned by the threats, and appeared an excess of 3,674,0001. ; , produced by the formidable exers in this second estimate above that

tions of the enemy against us. made in November. The bank

De theu proceeded to state the bad been paid the sum of 500,0001.

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