tee, they would not wonder that a loan, in its amount beyond all example, should be called for: and he trusted that it would not be thought too great, when it was remembered that it was intended to meet not only the charges of a new war, in which we were engaged, but also to extinguish the arrears of an old one. Though he regretted the necessity for it, still he could not but derive some consolation from the reflection, that the manner in which it had been raised would prove to the world how large were our resources, and how prosperous the state of the country. Undoubtedly it was satisfactory to him, that great as the sums called for were, and extensive as were the charges which the country had to bear, he had no reason to comment in detail upon the different articles which caused this expenditure, as they had already undergone the consideration, and for the most part received the sanction, of parliament. He had only to recapitulate the supplies which had been granted; and what were the means by which it was proposed that they should be met. There might be some further expenses to be provided for, which in the course of his statement he would take an opportunity to point out. The total amount of the charge for the service of the navy for the present year was 14,897,000l., and for transports 3,747,000l. making together the sum of 18,644,000l. Here, however, it was to be observed, two millions were included for the repayment of the navy debt, and which therefore formed no part of the service of the cur rent year. The different expen

ses on account of the army amounted to 13,876,000l. The arrears of the extraordinaries unprovided for, were 11,983,000l. For the extraordinaries of the current year, including Ireland, a sum of no less than 12,000,000!. had been voted. The charge for the barrack service was 99,000l., which had not yet been voted, but which would be proposed in the committee of supply the same evening. This sum would appear uncommonly small; but he would shortly assign the reasons which might be expected to render it sufficient, and any further circumstances, requiring notice, would be fully explained by his right hon. friend in proposing the vote. The total amount of the sums called for on account of the barrack service, was 250,000l. The difference between the sum last mentioned and the 99,000l. proposed to be voted, was occasioned by a saving arising from the sale of the old stores, and of barracks no longer necessary for the public service. The commissariat caused a charge of 1,100,000Z.; the storekeeper-general one of 91,600l.; giving a total on account of the military service of 39,150,000l. For the ordnance service, the supply was 4,431,000. For the expense of subsidies this year to the allies, the House had voted 5,000,000l. They had also voted 1,650,000l. for the re-payment of the bills of credit created under act of 1813; but there remained other expenses to be provided for, arising out of the deficiency of the force which we were bound to maintain on the conti nent by the additional treaty of Chaumont, and out of some other

subsidiary engagements. On account of the supplementary convention of Chaumont (he was not sure the sum he was about to name was quite correct, as the accounts were not finally made up, but he was satisfied it would prove nearly accurate), there was a charge of 370,000l. To complete the subsidies granted to Austria under former treaties, a sum of 400,000l. was necessary. This arose partly from the circumstance of some stores which were intended to be delivered for the Austrian service, having been otherwise employed; and of some other stores having been charged in the subsidiary account which it had been agreed to omit, and the value of which in both cases was consequently to be made up in money. The greater part of this sum had already been paid,. and the account had been laid before the House. He had stated the bills of credit voted by parliament, to amount to 1,650,000l. There remained the sum of about 200,000l. to be made good to complete the two millions and a half, which we were bound to provide by the treaty, together with the interest due; but for this sum he should not propose any vote in the present session, as its amount could not exactly be ascertained, depending on the course of exchange. There was also due to Russia, on engagements contracted during the former war, the sum of about 530,000/.; 100,000. had been paid to Spain, and 200,000l. to Portugal, on a similar account; and a sum was also due to Hanover. He considered himself as justified in stating the supplies

for these services, the accounts of which were under the examina. tion of the House, to amount to about 3,500,000l.; which, with 1,000,000l. voted as a compensation to Sweden for the cession of Guadaloupe, made a charge of 4,500,000l. for foreign expenditure; of which, about 4,000,0001. would be payable within the year, in addition to the 5,000,0001. voted as subsidies to the three great powers, Austria, Russia, and Prussia. The total amount therefore of the charge for foreign payments, including bills of credit, was 9,000,000l. He should have besides to propose to parlia ment a vote, to make good to the army which had fought under lord Wellington the amount of the value of stores captured by them in different fortresses. This charge not being altogether of an ordinary nature, would require some explanation; but he trusted that, though considerable in its amount, it would be received with favour, in consideration for what that army had achieved for the glory and advantage of their country. On the reduction of a fortress an estimate was commonly made of the value of the stores captured, which were applied to the public service, and afterwards accounted for to the captors. During the war in the Peninsula, the account had been kept in the usual manner, but no payment had yet been made; and from the extent of the service performed in the course of a war which had continued for seven years, this charge formed a considerable item; it was estimated at eight hundred thousand pounds: to this the sum of one hundred and forty-two thousand

pounds was to be added, for the stores and artillery taken at the capture of the island of Java. It was proper here to observe, that in the operations against that island, no part of the royal artillery was employed. The artillery which was used there was directed by the officers of the East-India Company's establishment; and therefore the usual certificates, signed by the officers of the royal artillery, could not be obtained. In all other respects the ordinary forms had been observed, and the captors appeared to be entitled to the same remuneration as had been made in other cases when fortified places had been captured; but though the service performed

1814.

was thought to come within the ordinary principles, and though the honour and accuracy of the Company's officers were as unquestionable as their skill and gallantry, the ordinance department had not thought proper to issue an order for the payment of the sum which appeared due, without first having the special authority of parliament to do so. He now came to the miscellaneous services. Of these a great part had beed already voted, but a part still remained for the future consideration of the House. The amount of the whole he took at 3,000,000l. The supplies, then, which he would now shortly recapitulate, stood as follows

.14,897,255 3,746,945

1815.

Navy........ Transports..

Army..............

3,955,658 Ordnance..........

Credit.......

4,431,643

9,000,000

6,000,000

200,000

942,347

3,000,000

£. 81,368,926

290,000

2,000,000 270,000

90,000

6,000,000

which he estimated the surplus of the consolidated fund, at that amount and they would view with pleasure the increased resources of the country. It might also be proper that he should show the grounds on which he intended to propose on a future day a grant of 22,000,000l. out of the growing produce of the war taxes. He should not call upon them to come to this vote that night, as it was more consistent with the forms of Parliament, that some portion of the ways and means of the year should be reserved for a time to meet any future grants which might yet be made in the course of the session. He, however, considered himself justified in taking the war taxes at 22,000,000l.; the lottery he took at 250,000l.; old naval stores at 508,000l.; the vote of credit he had stated at 6,000,000l.; the exchequer bills funded, and the loan in the five per cents would give 18,185,000. The second Joan 27,000,0002. These were the ways and means by which he proposed to meet the charge of the year, immense as it was.

The total amount of them was 79,893,500l. This sum fell a little short of the supplies; but upon the whole he expected the ways and means which he had enumerated would prove sufficient. It was his peculiar duty this day to state the terms on which the loan had been contracted for the service of the public. It had been the object of the treasury to diffuse the loans called for, over different species of stock, in order to divide the burthen, to remove all inconveniences to the public creditor, and to provide for the exi

gency on the easiest terms. This would be seen by adverting to their former proceedings in the course of the session. It had been proposed to fund 18,000,000l. of exchequer bills. This, in the first instance, they had not been able to effect; but subsequently on a loan in the 5 per cents subscribers had gone beyond the 18,000,000l. by a sum of 135,000l. The sum therefore, of 18,135,000l. was thus placed in the ways and means. The committee were aware, that by the loan that day, no less a sum than 27,000,000l. for England was to be raised; and as the 5 per cents were sufficiently burthened, it became necessary that this should principally fall on the 3 and the 4 per cent stocks. It was originally proposed that a larger sum should be taken in the 4 per cents; but on the subscribers objecting to this, 10. per cent only had been given out of that stock; 130. had been taken from the 3 per cent reduced, and the remaining part of the 100l. was to be by a bidding in the 3 per cent consols.It had happened singularly enough, as it had once on a former occasion, about 18 months ago, “that the sum offered by the subscribers, was exactly the minimum of what the treasury had resolved to accept." This was a circumstance so far satisfactory, as it went to show that both parties met on fair and honourable terms, and arriv ed at the same point from reasoning in different ways. What further proved the correctness of the view which had been taken of the case was, that four different calculations had been made by four different persons, and all had con