-
Articles/Ads
Article HOUSE OF COMMONS. ← Page 4 of 5 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
House Of Commons.
Mr . PITT defended the measures , the responsibility of which he took to himself . The question was disposed of , on a division , by the orderof the day forthe Committee of IVays and Means . Mr . PITT observed , that every circumstance which could tend to increase-the burthens of the people , was to him occasion of extreme regret ; but , adverting to the necessity of the War , he felt a confidence that the temporary inconvenience would be compensated by great and permanent advantages . He calculated a revenue of ioo , oool . a year from the Tax on Dogs , and between 30 and 40 , 000 ! . a year on the
amendment of the Duty on-Hats , each of which should have the required stamp upon the lining ; which sums united would equal the proposed tax on Cottons , which he had given up . Since the estimate in December , 1795 , the Extraordinaries of the Army amounted to 535 , 000 ! . ditto Ordinance , 200 , 000 ! . erection of Barracks , 267 , 000 ! . advanced out of the Civil List , including sums to the suffering Clergy of France , and to be made good by Parliament , ioo , oool .. Balance due on Ways-and-Means , after the loan of eighteen millions , 177 , 000 ! . Total 1 , 279 , 000 ! , to which was to be added , exclusive of the Vote , of Credit for two millions and a-, about 1221
half , ,, 000 ! . Mr . Pitt went into a detail of Navy Debt , with four-millions of which he proposed to charge himself up to December , 1796 . He already , had 1 , 200 , 000 ! . which would be increased by the proposed taxes , and leave notmuch more than two millions to provide for . To enable the Bank more essentiallyto assist the Merchants , he proposed by payment of cash to take out of the market 3 , 500 , 000 ! . of Exchequer Bills , and the million granted as premium on the importation of corn being no longer requisite , he would apply it , and the million of Exchequer Billswhich would be unpaid the 5 th of Aprilto the same accountMr
, , . . Pitt , after a long and particular explanation ' , staled 7 , 500 , 000 ! . to be the sum now required , the interest of which would amount to 555 , 000 ! . He forcibly expatiated on the resources of the Country , and its commerce , which , notwithstanding the-War , was constantly encreasing ; in proof of which he stated , that the exports oflast-year amounted to 27 , 270 , 000 ! . being more by three millions-than at , any- former period . Mr . Pitt enlarged on the benefits resulting from the Sinking : Fund ,
which , he stated , would in fifty-two years clear off the entire National debt .- He observed , the taxes were productive , and would shortly afford a million . surplus at the disposal of Parliament . He said , the last duties on wines , without diminishing the consumption , had produced a revenue of 6 oo , oool . a year , which'he proposed to double by another duty , of 20 I . : a pipe , the produce of which he calculated : at 30 , 000 ! . Mr . Pitt adverted to the insolence and distresses of France , with-which he contrasted the flourishing state of this Country , in terms highly gratifying ; and concluded by moving , "That the sum of 7 i 500 . 000 i . beraised by way of loan . " conceived the Minister had notbeen correct in his
Mr . GREY , statement of our exports , which were encreased- by the War ,, and often rated at more than-their amount . With respect to the taxes that had been proposed , the first he had : no objection to ; but it was one which he -thought would not be so productive as was stated ; and he was impressed -with that idea , from reading the curious Bill that had been introduced for raising that duty , which seemed , in its present stage , to be no less than one to authorize dog-stealing . The Bills might , however , be amended in the Committee , at which time he . would move , that instead of one shilling
a year on the dogs of poor cottagers , there should be inserted ' nothing at all , ' as that appeared to him to be the most objectionable , part of the Bill .- He next entered into-minute calculations upon the estimates made by the Minister , and contended that he was not correct in some respects , and that in others he had not acted with sufficient justice towards the country . It did not appear to him that the quantity of wine , would not be diminished in consequence of the encreased duty intended to be laid upon it . ' The Navy debt had been increasing each succeeding year beyond the estimates made bthe Minister"Whthereforeshould he
y . y , , , when that was greater last year than-ten millions , estimate it forthe ensuing-year at no more than four ? If he had acted on his own principles , and according .-to what occurred hitherto , he should have estimated tlie debt at seven millions . Therefore he did not give a fair account of what-the expences were , -likely to be .-Nor . did he state anymeans to provide , for the arrears of the army or the Civil List . He followed Mr . Pitt in his calculations , and strongly animadverted 'ipon each .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
House Of Commons.
Mr . PITT defended the measures , the responsibility of which he took to himself . The question was disposed of , on a division , by the orderof the day forthe Committee of IVays and Means . Mr . PITT observed , that every circumstance which could tend to increase-the burthens of the people , was to him occasion of extreme regret ; but , adverting to the necessity of the War , he felt a confidence that the temporary inconvenience would be compensated by great and permanent advantages . He calculated a revenue of ioo , oool . a year from the Tax on Dogs , and between 30 and 40 , 000 ! . a year on the
amendment of the Duty on-Hats , each of which should have the required stamp upon the lining ; which sums united would equal the proposed tax on Cottons , which he had given up . Since the estimate in December , 1795 , the Extraordinaries of the Army amounted to 535 , 000 ! . ditto Ordinance , 200 , 000 ! . erection of Barracks , 267 , 000 ! . advanced out of the Civil List , including sums to the suffering Clergy of France , and to be made good by Parliament , ioo , oool .. Balance due on Ways-and-Means , after the loan of eighteen millions , 177 , 000 ! . Total 1 , 279 , 000 ! , to which was to be added , exclusive of the Vote , of Credit for two millions and a-, about 1221
half , ,, 000 ! . Mr . Pitt went into a detail of Navy Debt , with four-millions of which he proposed to charge himself up to December , 1796 . He already , had 1 , 200 , 000 ! . which would be increased by the proposed taxes , and leave notmuch more than two millions to provide for . To enable the Bank more essentiallyto assist the Merchants , he proposed by payment of cash to take out of the market 3 , 500 , 000 ! . of Exchequer Bills , and the million granted as premium on the importation of corn being no longer requisite , he would apply it , and the million of Exchequer Billswhich would be unpaid the 5 th of Aprilto the same accountMr
, , . . Pitt , after a long and particular explanation ' , staled 7 , 500 , 000 ! . to be the sum now required , the interest of which would amount to 555 , 000 ! . He forcibly expatiated on the resources of the Country , and its commerce , which , notwithstanding the-War , was constantly encreasing ; in proof of which he stated , that the exports oflast-year amounted to 27 , 270 , 000 ! . being more by three millions-than at , any- former period . Mr . Pitt enlarged on the benefits resulting from the Sinking : Fund ,
which , he stated , would in fifty-two years clear off the entire National debt .- He observed , the taxes were productive , and would shortly afford a million . surplus at the disposal of Parliament . He said , the last duties on wines , without diminishing the consumption , had produced a revenue of 6 oo , oool . a year , which'he proposed to double by another duty , of 20 I . : a pipe , the produce of which he calculated : at 30 , 000 ! . Mr . Pitt adverted to the insolence and distresses of France , with-which he contrasted the flourishing state of this Country , in terms highly gratifying ; and concluded by moving , "That the sum of 7 i 500 . 000 i . beraised by way of loan . " conceived the Minister had notbeen correct in his
Mr . GREY , statement of our exports , which were encreased- by the War ,, and often rated at more than-their amount . With respect to the taxes that had been proposed , the first he had : no objection to ; but it was one which he -thought would not be so productive as was stated ; and he was impressed -with that idea , from reading the curious Bill that had been introduced for raising that duty , which seemed , in its present stage , to be no less than one to authorize dog-stealing . The Bills might , however , be amended in the Committee , at which time he . would move , that instead of one shilling
a year on the dogs of poor cottagers , there should be inserted ' nothing at all , ' as that appeared to him to be the most objectionable , part of the Bill .- He next entered into-minute calculations upon the estimates made by the Minister , and contended that he was not correct in some respects , and that in others he had not acted with sufficient justice towards the country . It did not appear to him that the quantity of wine , would not be diminished in consequence of the encreased duty intended to be laid upon it . ' The Navy debt had been increasing each succeeding year beyond the estimates made bthe Minister"Whthereforeshould he
y . y , , , when that was greater last year than-ten millions , estimate it forthe ensuing-year at no more than four ? If he had acted on his own principles , and according .-to what occurred hitherto , he should have estimated tlie debt at seven millions . Therefore he did not give a fair account of what-the expences were , -likely to be .-Nor . did he state anymeans to provide , for the arrears of the army or the Civil List . He followed Mr . Pitt in his calculations , and strongly animadverted 'ipon each .