Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Report Of The Proceedings Of The British Parliament.
TIIE BUDGET . The house having resolved itself into a Committee of Ways and Means for raising the Supply granted to his Majesty , Mr . Hobart in the chair , The Chancellor of the Exchequer recalled to the recollection of the house the calculations he had made last November with respeft to the sum to be raised for the supplies of the year . He then recapitulated the particulars , as also the terms of the new loan contrafted for seventeen millions , two of which
were for the service of Ireland . He then mentioned the various resources for paying off the remainder of the loan of fifteen millions : deficiencies of grants , lottery , consolidated fund , produce of the assessed taxes , and voluntary subscriptions . These , with the other subjects he should bring forward , ' would raise the sum necessary , at least for the present , unless the attempts of the enemy actually called for adopting of such measures as might be attended with increased e . xpence . To provide against such an emergency ,
he proposed , before the close of the present session , to move for a vote of credit ( Mr . Tierney asked to what amount ? Mr . Pitt replied two millions . ) He then informed the house that he proposed adopting a plan that would be attended with considerable advantages to the mercantile world , would harrass and distress the enemy , and greatly augment the revenue . This was a tax upon EXPORTS AND IMPORTS , and the regulation of convoys . This was a measure he was induced to adoptonlfrom the circumstances of the present
, y war , and he estimated its produce for one year to be 1 , 500 , 000 ! . The next object he brought forward to the Committee was a duty upon SALT -. he proposed to lay an additional duty of 5 s . upon every bushel of salt . This he estimated would bring in 500 , 000 ! . He thought it would not particularly injure the labouring poor , as he computed that not more than half a bushel annually was consumed by each individual of that class ; and thus
it would be only a tax of " half a crown upon them . The next subject for taxation was TEA . He proposed adding a duty of five per cent , upon tea , upon all that was sold above 2 s . 6 d . per pound . He estimated the produce of it to be J u , oool . The last article he proposed as a . -. abject of taxation was ARMORIAL BEARINGS . Fie proposed that persons who choose to have their arms painted upon their carriages should pay two guineas annually ; those housekeepers
who had arms engraved upon p late , a guinea annually j and those persons who likewise chuse to have their arms on their plate , but were not housekeepers , half a guinea . These were the methods he proposed for raising the necessary supply . SirW . Pultene . objected to an additional duty upon salt ; he thought the consumption had been under-rated with respect to the labourer ' s family ; he thought a bushel of salt was annually consumed by such , and thus it ' wou'd
prove to be a tax of 5 s . yearly , a large sum for persons in such stations . Sir W . M . Ridley , Sir ] . Sjielair , and Mr . Tierne ) spoke on the same grounds . The Committee then voted , 17 , 000 , 000 ! . to be raised by annuities : — every subscriber of 100 I . to have 150 I . three per cent , consols stock ; also 50 I . three per cent . reduced and long annuities , of + s . ud . per cent . On foreign salt , an additional duty of 10 s . per bushel ; on home do . do . 5 s . per do . —on rock do . do . 5 s . per do . —on glatiber salts , do . 20 s . per cent . —on salt
imported from Ireland , 5 s . per bushel . —A drawback allowed on ah salt exported , except rock salt . —on tea above 2 s . fid . per lb . 5 ! . per cent . —a drawback tobe allowed on exportation . —on armorial bearings on carriages , al . 2 s . per ami . —on plate of persons not keeping carriages , but rated to the assessed taxes , il . is . perann . —on plate of persons not rated according to the assessed taxes , il . is . per aim . The Resolutions were then severally read and agreed to . [ 70 BE -REGVJLAM . Y COMTIN' -. KD . ]
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Report Of The Proceedings Of The British Parliament.
TIIE BUDGET . The house having resolved itself into a Committee of Ways and Means for raising the Supply granted to his Majesty , Mr . Hobart in the chair , The Chancellor of the Exchequer recalled to the recollection of the house the calculations he had made last November with respeft to the sum to be raised for the supplies of the year . He then recapitulated the particulars , as also the terms of the new loan contrafted for seventeen millions , two of which
were for the service of Ireland . He then mentioned the various resources for paying off the remainder of the loan of fifteen millions : deficiencies of grants , lottery , consolidated fund , produce of the assessed taxes , and voluntary subscriptions . These , with the other subjects he should bring forward , ' would raise the sum necessary , at least for the present , unless the attempts of the enemy actually called for adopting of such measures as might be attended with increased e . xpence . To provide against such an emergency ,
he proposed , before the close of the present session , to move for a vote of credit ( Mr . Tierney asked to what amount ? Mr . Pitt replied two millions . ) He then informed the house that he proposed adopting a plan that would be attended with considerable advantages to the mercantile world , would harrass and distress the enemy , and greatly augment the revenue . This was a tax upon EXPORTS AND IMPORTS , and the regulation of convoys . This was a measure he was induced to adoptonlfrom the circumstances of the present
, y war , and he estimated its produce for one year to be 1 , 500 , 000 ! . The next object he brought forward to the Committee was a duty upon SALT -. he proposed to lay an additional duty of 5 s . upon every bushel of salt . This he estimated would bring in 500 , 000 ! . He thought it would not particularly injure the labouring poor , as he computed that not more than half a bushel annually was consumed by each individual of that class ; and thus
it would be only a tax of " half a crown upon them . The next subject for taxation was TEA . He proposed adding a duty of five per cent , upon tea , upon all that was sold above 2 s . 6 d . per pound . He estimated the produce of it to be J u , oool . The last article he proposed as a . -. abject of taxation was ARMORIAL BEARINGS . Fie proposed that persons who choose to have their arms painted upon their carriages should pay two guineas annually ; those housekeepers
who had arms engraved upon p late , a guinea annually j and those persons who likewise chuse to have their arms on their plate , but were not housekeepers , half a guinea . These were the methods he proposed for raising the necessary supply . SirW . Pultene . objected to an additional duty upon salt ; he thought the consumption had been under-rated with respect to the labourer ' s family ; he thought a bushel of salt was annually consumed by such , and thus it ' wou'd
prove to be a tax of 5 s . yearly , a large sum for persons in such stations . Sir W . M . Ridley , Sir ] . Sjielair , and Mr . Tierne ) spoke on the same grounds . The Committee then voted , 17 , 000 , 000 ! . to be raised by annuities : — every subscriber of 100 I . to have 150 I . three per cent , consols stock ; also 50 I . three per cent . reduced and long annuities , of + s . ud . per cent . On foreign salt , an additional duty of 10 s . per bushel ; on home do . do . 5 s . per do . —on rock do . do . 5 s . per do . —on glatiber salts , do . 20 s . per cent . —on salt
imported from Ireland , 5 s . per bushel . —A drawback allowed on ah salt exported , except rock salt . —on tea above 2 s . fid . per lb . 5 ! . per cent . —a drawback tobe allowed on exportation . —on armorial bearings on carriages , al . 2 s . per ami . —on plate of persons not keeping carriages , but rated to the assessed taxes , il . is . perann . —on plate of persons not rated according to the assessed taxes , il . is . per aim . The Resolutions were then severally read and agreed to . [ 70 BE -REGVJLAM . Y COMTIN' -. KD . ]