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the general ruin. This appeared to that which he had already stated. The those who at the time were entrusted fact was, that even with every aid that with the conduct of British policy, a could be afforded him, it required all crisis in which all minor considerations the profound skill and admirable commust yield to the necessity of a most bination of our great commander to vigorous exertion. Nothing short of effect a movement of the British army an expenditure, which might almost through a country so exhausted as be called unlimited, and which was that in which it was to operate, and not calculated upon any former expe- to furnish it with an adequate supply rience, was in fact adequate to the oc- in its march. Having said so much casion. In 1812, soon after the de- of the exertions made by us in Spain plorable catastrophe, which had pla. and the south of France, he would ced him in his present office, by depri. proceed, in compliance with the hint ving the country of the services of one of the hon. gentleman, to explain those of the most virtuous and amiable of men, engagements with our allies, to which, the Duke of Wellington wrote to his in some degree, was attributable the majesty's government, informing them glorious success of the campaigo ir that he found, whatever military force the North. Many of these engagehe possessed, he could not extend his ments had already received the sanc. operations without a much greater sup- tion of parliament, as would appear by ply of money. Uaprovided with this, the papers on the table. By the treahe must remain chained to the posts ty of Chaumont, the British govern. which he then occupied, and to a de- ment agreed to advance to Austria, fensive system, as he could not advance Russia, and Prussia, the sum of to a distance from the supplies he re- 5,000,0001. for the year 1814, if the ceived by sea; but he thought that war should last the whole year; if if he could be furnished with about not, then a proportionate payment of 100,0001. a month, he might be able two months was to be allowed to Aus. to do much. His majesty's ministers tria and Prussia after the signature of undertook to afford him this supply peace, and of four months to Russia, under any inconvenience, and at what. to assist the troops of those nations to ever hazard. During the first year, return to their respective countries. they furnished him with money at about The whole of the money which we had the rate of 150,0001. a month. In the thus stipulated to pay, had been dislast year this supply was considerably charged, with the exception of a sum increased ; and during the spring of for the Russian feet, respecting which the present year

it was sometimes car. some difficulty had arisen, that had ried as high as 400,0001. or 500,0001. been referred to the adjustment of his a month. Of the money thus remit- noble friend at Vienna.--[Mr Tierted from this country to the Duke of ney enquired the amount of that sum.] Wellington about 3,300,0001. was in The sum remaining in doubt was specie, besides 410,0001. in specie im. not very considerable, about 100,0001. ported from South America, (a part more or less. To Austria and Prus. of which, however, had sinee been sent sia we had paid 970,000%. each, their to Canada) so that a sum of not mueh proportion for seven months of the less than 4,000,0001. had been furnish- third of the 5,000,0001.: to Russia ed in specie for the use of the British 1,250,0001. ; to Sweden 500,0001. army. To all this was to be added for five months subsidy for the war ; large sums drawn by bills on the trea- and 300,000!. being three months al. sury, which made the whole amount lowance for the return of the Swedish

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troops to Sweden ; 10,000 Danes had hundred thousand pounds short of the
also been subsidized, according to the payments.".
treaty on the table of the house, and The resolution was agreed to.
150,000l. had been paid to Denmark

On the 21st November the House consequence. By a treaty, long of Commons resolved itself into a comsince laid on the table of the house, it mittee of supply, to take into considerwas stipulated that 400,0001. should ation the estimates for the army serbe received annually by his Sicilian vice ;- when Lord Palmerston moved, majesty to the end of the war. The “ that 284,386 men (exclusive of the proportion had been paid. He had men belonging to the regiments em. recently explained the nature of our ployed in the territorial possessions of pecuniary engagements with Portugal the East India Company, and the fo. and Spain. For some years we had reign corps in British pay), commismade Portugal a formal allowance of sioned and non-commissioned officers 2,000,0001. annually, partly paid in mo. included, be maintained for the serDey, and partly furnished in supplies. vice of Great Britain and Ireland, Of that sum we had paid Portugal the from the 25th of December 1814, tó proper proportion for the service of the 24th of June 1815, both inclusive, her troops in the present year, and being 182 days." four months allowance for their return. This resolution was agreed to, with With Spain, we had no such regular several others, for making provision agreement, but we had advanced for different articles of the military 1,000,0001. a-year to the aid of the expenditure. Spanish armies, of which we had paid On the 28th November the report of Spain her proportion, together with the committee of supply was brought the allowance for the return of her up, and the whole of the resolutions troops. We had also afforded consi- which it contained were agreed to by derable assistance to the Spanish go- the House. vernment, in advances of supplies, On the 2d June, 1815, the House which it had been agreed to consider again went into a committee of supply, u a loan, for which that government for the consideration of the army estiwas still indebted to us. The only re- mates; when Lord Palmerston made maining article was a subsidiary corps a minute and very distinct statement of 15,000 Hanoverians, placed origi- of the alterations on the different nally under the command of the crown branches of military expenditure in prince of Sweden, and now garrison- 1815, as compared with those of ing the towns of the Netherlands. 1814.— On general view," his We had only, however, paid half the lordship said, " including the augexpence of the troops since the month mentation since the change in our re. of July, and even that would eventu. lations with France, there was a dimi. ally be repaid. The right hon. gen. nution in the estimates compared with tleman here recapitulated the various those of last year, without including sums, and stated that the total was the militia, which could not with prosomewhat less than 7,300,0001.–To. priety be taken into the comparison, wards the defraying these subsidiary but merely the land forces and foreign payments, parliament had first grant. corps, of 47,000 men, and 2,652,000l. ed the sum of 4,200,0001

. and after. charges.” The noble lord concluded wards granted three millions more, by with moving

his first resolution : viz. way of vote of credit, falling only one “ That a number of land forces, not

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VOL. VIII. PART 1.

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exceeding 199,767 men (exclusive of expire on the 5th April following, and the men belonging to the regiments that it was not meant to be renewed. employed in the territorial possessione The return, however, of Buonaparte of the East India Company, the fo- from Elba, his resumption of the goreign corps in British pay, and the vernment of France, and the new war embodied militia), commissioned and into which this country was consenon-commisioned officers included, be quently plunged, rendered it necessary maintained for the service of the uni. to make provision for a much larger ted kingdom, from the 25th of De expenditure than had been contemcember 1814, to the 24th of December plated. Accordingly, ministers de. 1815."- This resolution was agreed termined to abandon the new assessed to ; and several sums were then voted taxes which had been agreed to, and for the different heads of army ex- to propose a renewal of the

propertypenditure, forming in all a total of tax for a year longer, to the 5th April, 7,917,3871.- The Chancellor of the 1816. Á bill to this effect was ac. Exchequer then moved, that a sum cordingly brought in, and passed by not exceeding nine millions be farther the House of Commons upon the 5th granted for defraying the extraordi. of May. The majority on this occanary expences of the army for the year sion was very great, being 160 to 29, 1815, which was agreed to.-On the a proof, notwithstanding the clamo 9th June the ordnance estimates were rous petitions which were presented laid before the committee of supply by against it, that it was generally conMr Ward, who stated, that the to. sidered as the most proper and effec. talamount, for the service of Great Bri. tual nieasure which could have beca tain, forthe year, would be 3,459,6001. fallen upon, in the circumstances of the 1s. 10d. ; and that for Ireland 375,8201. times, for meeting the sudden demands 18s. 10d., making a grand total for which had come upon the nation. the service of the united kingdom, of While the property-tax bill was in 3,835,421l. 8d.—This sum was great. progress, a motion was made by Mr er than our peace establishment by Bankes for extending this tax to Ire. nearly 1,500,0001. ; and less than our land, but it was negatived. On the last war establishment by 784,0001.- present occasion, the Chancellor of the He therefore moved for the above Exchequer, after a particular state. sum ; and after a long discussion, ment of the supplies for the

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year, arising out of minute objections to which he included some articles of different articles of the estimates, the comparatively inconsiderable amount, motion was agreed to.

which had not yet been voted, gave On the 14th Jane, the House resol. the following recapitulation of the supved itself into a committee of ways and plies for 1815:means, for the consideration of the

SUPPLIES. Budget.-Before stating the proceed. Navy

14,897,255 ings which took place on this occa- Transports

3,746,945 sion, it is necessary to mention, that in

18,644,200 the month of February preceding, the Army

Ordnance.

4,431,643 Chancellor of the Exchequer had pro- Foreign Payments, including posed certain new taxes, consisting of Bills of Credit

9,000,000 additional excise duties, and of assess.

6,000,000 ed taxes, in order to raise the supplies Ditto for Ireland

200,000 which had been granted. In propo. Miscellaneous

Army Prizi: Money

942,347

3,000,000 sing these taxes, it was stated by mi. nisters that the property-tax would

Carry over, £81,369,920

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39,150,796

Vote of Credit

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was

Brought over, £81,368,926 which he had enumerated would prove To these were to be added those

sufficient. After a clear statement items to be borne by England,

of the terms on which the loans had which come under the head of SEPARATE CHARGES.

been contracted, which were obviously These were as follows:

prudent, and advantageous; and an Interest on Exchequer Bills 2,000,000 explanation of the grounds on which Sinking Fund on ditto

270,000 he took the surplus of the consolidaDebentures and Loyalty Loan 90,000

ted fund at three millions, the ChanVote of Credit Bills 1814, and Reduction of Įxchequer Bills. 6,000,000 cellor of the Exchequer proceeded to

state the amount of the charges on the

£89,728,926 country by the loans, and the way in Deduct Irish Proportion

which it was proposed to meet them. of Joint Charge. 9,572,814

The total amount of the capital creaDitto Civil List and 1.

ted by the exchequer bills funded, and Consolidated Fund 188,000

the loan in the five per cents. amount9,760,814

ed to 21,208,000l. 5 per cent, stock ; And there remained to be borne

the interest of this to 1,060,0001. ; by England

£79,968,112 the sinking fund to 331,0001., with

the usual charge for management. The The vote of credit intended to be loan obtained that day created a capiproposed this year, and included in tal of 49,680,0001., the interest of the above statement,

to the which would be 1,517,0001. ; the sink. amount of six millions, and would ing fund would amount to 758,7001., be made good in the usual way, by a

to which would be added the charge Fate of exchequer bills to the same for management. The total amount extent. Anxious, however, that there of the capital created in the present should not be too great a pressure on year by funding, was 70,888,0001. these securities, he should propose a The interest on this was 2,577,000l. ; reduction of three millions from those the sinking fund 1,090,0001. ; the toToted last year,

besides the repayment tal annual charge to the country of five millions issued on the last vote 3,689,0001. The rate per cent. at of credit : by these means the sum which the whole of the sum raised in paid of would be equal to that which it the present year had been obtained might be necessary to issue in the course was, to the subscribers (including the of the year. He then proceeded to sinking fund), 5l. 14s. 24d. The to. state the ways

and for meeting tal charge to the country was, every the supplies which had been voted. He thing included, 8l. 3s. 51d. He shew. took the annual duties at 3,000,000l.; ed, by a comparison of the expences the surplus of the consolidated fund he of this loan with those of former years, also took at 3,000,0001.-He took the that, potwithstanding the immense adwar taxes at 22,000,0001. ; the lot- dition to our debt, the increased extery at 250,000l. ; old naval stores pence of these loans was very trifling. at 508,0001. : the vote of credit, he This, he said, might be considered to

bad stated at 6,000,0001. ; the exche result from an astonishing increase of Hi quer bills funded, and the loan in the public credit since the period to which

hve per cents. would give 18,185,0001.: he had referred, or to the improved si the second luan 27,000,000. The tuation of the country. And which amount of these sums fell a little short ever way it was viewed, the effect was of the supplies ; but upon the whole equally gratifying. To provide for he expected that the ways and means the annual charge of 3,689,0001., the

means,

House had already supplied by taxes man fulfilled the duties of his high ofof customs and excise on tobacco, and fice with exemplary attention, he must on excise licences, about 600,0001., contend, that he was mistaken when he and there were now under the consi. conceived it possible to carry on the deration of the House additions to the war without an increasing, instead of a stamps and postage to the amount of diminishing expenditure. It was in about 1,200,0001. more, making in the the nature of such an expenditure to whole a provision by new taxes of be rapidly increasing. Circumstances about 1,800,0001. Thus it would be were perpetually starting up to proseen about half the necessary supplies duce this effect. This was a frightful were provided by taxes now agreed to, prospect for the country.' He then or in progress through the House. adverted to the deviation from the sys. For the remainder, he proposed to tem of Mr Pitt, of raising so much of take a sum of from 1,800,0001. to the supplies within the year as should 1,900,0001. out of the sums in the materially reduce the amount of the hands of the commissioners for liqui- loan ; and of affording, by the operadating the national debt, as he was au- tion of the sinking fund, the means of obthorised to do by the act of 1813. taining the loan on better terms than the The sum in their hands was at present country could otherwise have enjoyed. about 70,000,0001., and he proposed But by comparing the amount of the to cancel so much of that as would loan, and the amount of the taxation suffice to meet the remainder of the during the last eight years, he shewed charge created by the loan. After a that, while, previous to 1812, the taxes variety of general observations on the each year amounted to a great deal state of the country and its foreign re- more than the loan, since that period lations, he concluded by moving the the reverse had been the case ; so much first resolution necessary for carrying so, that in the present year the loan the foregoing views into effect. exceeded the taxes by 17 millions and

Mr Tierney paid the Chancellor a half. As to the sinking fund, it, by of the Exchequer some well merited the present financial system, instead of compliments on the clearness and fair. increasing, was daily becoming less. ness of his statements with regard to He contended that, in place of prothe existing ways and means, on which, ceeding in this manner, it would be upon the whole, he said, that he agreed better for the country to look its exwith him. With regard to the sup- penditure in the face, and either to replies, however, he stated his appre- duce its amount, or to meet it at once hension, that these, instead of remain- by taxation. He concluded by an at. ing at their present amount, immense tack upon the policy of the governas it was, would go on continually in- ment, in having entered into the precreasing.--". Let the committee,” he sent war with France.- The Chancel. said, “ look at the progress of our ex. lor of the Exchequer replied to the difpenditure, creeping up as it had been ferent observations of Mr Tierney. In for the last six or seven years. In answer to that gentleman's censure of 1808, it had been 45 millions; in 1809, the financial arrangements, he referred 50 millions in 1810, 48 millions ; in to the measures of Mr Pitt at different 1811, 52 millions; in 1812, 55 mil. periods, and particularly in 1805, to lions ; in 1813, 57 millions ; in 1814, shew, that that statesman did not, in 63 millions; and now, in 1815, 72 great and extraordinary emergencies, millions. Willing as he was to ad. attempt to raise the whole of the exmit that the right honourable gentle- penses by taxation, but by an increase

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