Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
House Of Commons, Financial Measure Of France.
Mr . Adam made a motion for assimilating the criminal laws of Scotland and England , by giving the power of appeal in cases of misdemeanor , from the Court of Justiciary and the Circuit Courts , to the House of Lords in England . Col . M'Leod seconded the motion , which , however , was-negatlyed . BUDGET . 5 th . The House having resolved itself into a Committee of Supply , Mr . Hobart
in the Chair , Mr . Pitt rose and said , he should divide the Supplies under three different heads , as distinctly relating , first , to the Ways and Means , secondly , to the Loan , and other measures of Finance , and thirdly to the Taxes .
ESTIMATES . To render these Estimates intelligible , observed Mr . Pitt , it will here be necessary to recapitulate the amount of the deficiencies respectively , and thus be clearly and perfectly understood as we proceed . Navy Estimates . _ , £ . 5 , 525 , 330 Army Estimates 6 , 411 , 000 Ordnance Estimates ' 1345
. , , 000 Miscellaneous , 206 ^ 000 Deficiencies of Grants • , 474 , Deficiencies of Duties on Land and Malt . _____ 350 , 000 ' Contribution to the National Debt Fund . , 200 , 000 Conjectural Estimates — _ 5 , 500 , 000 Sum total £ . 20 , 011 , 330 '
' ORDNANCE . Ordinaries , per ann . 1 ' £ . 324 , 000 Extraordinaries , ditto ¦ ¦ , , . , 7- 00 o Estimates of the year 1793 , 1 6 43 ^ 000 mr 11 ' , £ i > 344 > °°° Miscellaneous ___— 206 , 000 Which was exceeding , by 70 or 8 o , oool . the Estimates of Finance in ' 1791 .
LOAN . The terms and conditions of the Loan were , for every iool . in money to receive jocl . in the 3 per cents . —25 I . in the 4 per cents . —and us . 5 d . long annuities . The following calculation , giving the price of Stock at the time of the bargain , will prove the specific value o " f the negotiation : ——Three per cents 67 i-half , worth r 6 7 10 o Four per cents 8 4 , . worth 21 o o Annuities 20 iSth
Long years - —— __ worth 11 on £ ¦ 99 19 9 TAXES . yJ * y Mr . Pitt then proposed to repeal the Tax on Gloves , Births and Burials ; and pro : posed a variety of new and additional Taxes , the produce of which would be as follows : —
Duty on British Spirits' _ r I 0 ' O 0 O Duty on Foreign Spirits . — * ¦ j A Bricks and Tiles _ - „ . *' Slates and Stone . , ' Lrown and Plate Glass - , , , „ ™ p „ 52 , 000 Jnper , , fi Attorneys — , 2 ^ £ . 8 3 ,
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
House Of Commons, Financial Measure Of France.
Mr . Adam made a motion for assimilating the criminal laws of Scotland and England , by giving the power of appeal in cases of misdemeanor , from the Court of Justiciary and the Circuit Courts , to the House of Lords in England . Col . M'Leod seconded the motion , which , however , was-negatlyed . BUDGET . 5 th . The House having resolved itself into a Committee of Supply , Mr . Hobart
in the Chair , Mr . Pitt rose and said , he should divide the Supplies under three different heads , as distinctly relating , first , to the Ways and Means , secondly , to the Loan , and other measures of Finance , and thirdly to the Taxes .
ESTIMATES . To render these Estimates intelligible , observed Mr . Pitt , it will here be necessary to recapitulate the amount of the deficiencies respectively , and thus be clearly and perfectly understood as we proceed . Navy Estimates . _ , £ . 5 , 525 , 330 Army Estimates 6 , 411 , 000 Ordnance Estimates ' 1345
. , , 000 Miscellaneous , 206 ^ 000 Deficiencies of Grants • , 474 , Deficiencies of Duties on Land and Malt . _____ 350 , 000 ' Contribution to the National Debt Fund . , 200 , 000 Conjectural Estimates — _ 5 , 500 , 000 Sum total £ . 20 , 011 , 330 '
' ORDNANCE . Ordinaries , per ann . 1 ' £ . 324 , 000 Extraordinaries , ditto ¦ ¦ , , . , 7- 00 o Estimates of the year 1793 , 1 6 43 ^ 000 mr 11 ' , £ i > 344 > °°° Miscellaneous ___— 206 , 000 Which was exceeding , by 70 or 8 o , oool . the Estimates of Finance in ' 1791 .
LOAN . The terms and conditions of the Loan were , for every iool . in money to receive jocl . in the 3 per cents . —25 I . in the 4 per cents . —and us . 5 d . long annuities . The following calculation , giving the price of Stock at the time of the bargain , will prove the specific value o " f the negotiation : ——Three per cents 67 i-half , worth r 6 7 10 o Four per cents 8 4 , . worth 21 o o Annuities 20 iSth
Long years - —— __ worth 11 on £ ¦ 99 19 9 TAXES . yJ * y Mr . Pitt then proposed to repeal the Tax on Gloves , Births and Burials ; and pro : posed a variety of new and additional Taxes , the produce of which would be as follows : —
Duty on British Spirits' _ r I 0 ' O 0 O Duty on Foreign Spirits . — * ¦ j A Bricks and Tiles _ - „ . *' Slates and Stone . , ' Lrown and Plate Glass - , , , „ ™ p „ 52 , 000 Jnper , , fi Attorneys — , 2 ^ £ . 8 3 ,