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raise any sum of money for this head of service, but so far as any calculation to the latest possible period could be made, the calculation nearly tallied with that sum. It is here to be observed, that the Extraordinaries of the Army are now, for the first time, brought forward by way of estimate, at least they were never done fo fully till the present war, but they were paid out of the money granted for other services, leaving the provision for those services deficient to another year. In addition to this, there has been advanced to the Emperor, by way of Loan, and which will be due to the public 1,200,000l. and a sum of 900,oool, advanced to the merchants of Grenada and St. Vincents, which will also be returned. There are further advances to the Emperor to be set against the expence of Extraordinaries to a very large amount, for which it will not be necessary to provide a preient fund, though I set them down as so much credit against so much debt. The Treasury Bills and Army Warrants at home, did not go to the extent of 2,088,00ol. but there were Bills from remote parts, notwithstanding the precautions I had taken to calculate and curtail the expences abroad as much as possible, which exceeded what was formerly thought upon estimate to be their utmost amount. This might in part be owing to the unforeseen and incalculable operations of the war; however, I did not think it consistent to leave them to rest on diftant means of payment, and I chose accordingly to propose for their provision. This comprises all under the head of the
ORDNANCE. « I now come to the Ordnance Departments, for which there has been already voted the sum of 1,623,000l. and to which I do not mean to propose any addition. I must observe, however, that since the Estimates were made, a demand of 300,000l. to pay debentures for stores supplied and services performed, has since come in for the part of the Ordnance Expences in the same manner as the Treasury Bills of 1,600,000l. of which I did not then know. To this deficiency may be added another in the Barrack department, in which an outstanding debt remains, not merely for the building of Barracks, but for the expences of provision and accommodation, in which the foldiers would have been furnished to the amount of the same charge upon the public if they had not been garrisoned in Barracks, but had been quartered elsewhere. I mention this to remove any prejudice which might perhaps have otherwise been indulged, and Mall conclude this article by recommending the provision advised by the Select Committee of 737,000). which, in the present view. of this subject, will defray the whole demands." I have now proceeded through the Navy, Army, and Ordnance, in which I do not
recollect recollect to have omitted any extraordinary items, except that I have not mentioned a specific additional fum, which I mean to propose for the further relief of his Imperial Majesty in the prefent critical period, and the particular statement of which I have reserved to a separate discussion. As early as practicable, that subject shall be submitted to the consideration of the Committee; but however important it may appear, it is not expedient with my arrangement to enter on it at present.
MISCELLANEOUS SERVICE. " The next branch of the supplies is for defraying the expences of what is called the miscellaneous service, which includes the expences of plantations, convicts, &c. For this there has been already voted the sum of 378,000). and if I proceed by the estimates of the Select Committee, a further sum of 929,000l, will be found necessary. In this fum 400,000l. is comprited for making provision beforehand for articles which it had been usual to pay in the first instance out of the civil list, and to propose afterwards to Parliament to vote a sum sufficient to repay what has been so advanced. Under this statement, I have not included the provision of any sum which the important domestic happiness of the Royal Family, and the accustomed feelings of the country have allowed as the usual portion with any of the female branches. That provision will come better perhaps hereafter under a distinct and specific proposition. There is, however, a sum of 600,oool. included, which is proposed to be lent to the suffering Greneda Merchants over and above the sums which I before stated, and which are to be ultimately repaid ; but I took occasion to include them in my statement of the actual expenditure, because they are sums for which I find it necessary to provide a temporary provision.
NATIONAL DEBT. “The next article of fupply is the annual provision for the discharge of the national debt of 200,000l.
DEFICIENCIES OF LAND AND MALT. « To this is to be added, the usual provision made for the deficiency of the produce of the taxes upon land and malt, to the amount of 350,000l.
REPAYMENTS TO THE BANK. « 1,054,000l. is to be provided to repay' the Bank for advances upon the growing produce of the Consolidated Fund, and 1,3-0,0ool. to discharge Exchequer Bills issued on the credit of the Consolidated Fund for 1796, and paid also by the Bank.
FURTHER DEFICIENCIES OF LAND AND MALT. “I shall propose a further provision of 900,000l. to meet the deficiencies of Land and Malt not included in the estimate, but which I think may probably arise.
NAVY AND EXCHEQUER BILLS. « The next sum is 1,110,000l. voted in the Committee of Supply, for the discharge of Navy and Exchequer Buils, raised by an Act of last Session,upon a Vote of Credit in 1796. The Hiouse will recollect, that a provision was made for funding Navy and Exchequer Bills, and relieving the inarket or so much outstanding debt. There was a party who did not choose to avail themfelves of the liberty of funding the Bilis they hold, and this sum was to make good their demands.
CONSOLIDATED FUND. “ The next is a sum of 2,177,000l. to make good 3,500,000l. charged by an Act of last Session on the growing produce of the consolidated Fund, for the service of the year 1796. 3,500,000l. was the sum granted and thought applicable, but various circumstances had operated to its disappointment. Exchequer Bills advanced to the Merchants of Grenada and St. Vincent's, in confequence of the misfortunes in those Colonies were paid in again; a loss was sustained in the product both of the new and old taxes, by the ftoppage of our distilleries, the defalcation of which sums was not made good in the year, and to this was to be added the payment of bounties to feamen, by the Receivers of the Customs out of the produce of that year's revenue, which caused a defalcation in the produce of the Customs; and lastly, the Bounties upon the Importation of Corn. These circumhances of course would not make the whole deficiences good, and leave the Consolidated Fund applicable to the service of 1997; and as I cannot suppofe that the Committee would chooie to have those sums charged like a mortgage on the Consolidated Fund, I have provided for its relief, and taken them as an article of Supply from the 5th of April 1796, to the 5th of April, 1797.
VOTE OF CREDIT AND LOAN TO THE EMPEROR. " There is only one other sum which remains to be stated, and that is a Vote of Credit to the amount of 3,000,000l. As 500,000l. has already been advanced to the Emperor, I with, it it meets the approbation of Parliament, to be provided with a further sum of 2,500,000l. in order to make further advances, if approved of, as the time and exigencies may require. I state this in order to let the Committee know the ultimate amount of what sums it may be necefiary to provide; at the same time I desire to have it understood, that I do not mean to pledge any person to a final vote upon further advances to the Emperor, unless for a certain sum to a limited extent, which I shall state before I sit down. Suppofing this Vote of Credit to take place, however, or not, I shall state that as part of the sum to a limited extent, which I deem absolutely necessary at this critical period, to allow the Emperor to fulfil his engagements, together with my reasons for it. I have now gone through the whole of the Supply, all the demands for which it was not possible to calcu. late before Christmas, and throughout my statements of them I have acted on the report of the Select Committee. I have thus endeavoured to recapitulate all the sums that have been voted before Christmas. I have added every sum for which provision may remain to be made. Perhaps in so extensive a statement, I may have been misunderstood, or may have been guilty of errors, but the grand total of Supply amounted to no less a sum than
£.42,786,000!! For the sake of being more explicit, however, I shall fum up all the heads of the Supply in a
RECAPITULATION. Navy -
6,600,000 Army Extraordinaries - - - 3,387,000 Treasury Bills and Army Warrants
2,088,000 Army Extraordinaries for 1797
1,623,000 Ordnance, Extraordinaries, and Barracks
737,000 Miscellaneous Service
929,000 Advances to the Merchants of Grenada
600,000 Imperial Loan
500,000 Annual addition to Sinking Fund
200,000 Deficiency of Land and Malt
350,000 Re-payments to the Bank for advances on the Consolidated Fund of 1795
- .. .
1,054,000 Ditto 1796
1,370,000 Further deficiencies of Land and Malt
900,000 To discharge Exchequer Bills issued on the Credit of the Consolidated Fund for 1796
1,110,000 Deficiency of Consolidated Fund
2,177,000 Vote of Credit
WAYS AND MEANS.
£•42,786,000 «The next part of my duty is to consider the Ways and Means by which this large fupply is to be met. We have already voted the Land and Malt 2 750,000l. Surplus of Grants of 1796--420,000l. A Loan of 18,000,000l. These are the only tums that have been voted; other sums, indeed, have been stated, but no vote has yet been passed. The Lottery stated at 200,000l. and Exchequer Bills. The Committee will recollect, that in my former statement I took credit for fix millions and a half Exchequer Bills above the Loan of eighteen miilions. From the embarrassments that have taken place, I do not rely
turn, as fari ile from permanentelted be
calen that it 1795,ctive
upon a calculation to that amount, and therefore I do not propose to take credit for more than three millions. The surplus of the consolidated fund, the Committee will see, I must state on a new estimate. On the other hand, various considerations make it necessary for me not to take credit but for a moderate sumi, as the growing produce of the consolidated fund for 1797. These considerations arise not from any diminution in the produce of the Taxes, because I find that the Report of the Committee confirms the satisfactory opinion which I expressed before Christmas, of the flourishing state of the permanent Taxes before the War; neither do they arise from any great disappointment in the new Taxes, as far as they have existed long
enough to be productive. In the view of the Taxes imposed in . 1793, 1794, 1995, and 1796, they appear, from the best opinion that can be formed now, though not equal to the sums calculated upon; yet, as set against the Loan of the different years, the excess of the first three years goes near to counterbalance the deficiency of the fourth year of the War; and that up to the year 1796, the new Taxes are nearly equal to the additional charge imposed upon the consolidated fund. But it is to be recollected, that on the general view, though in enforcing new Taxes it has been usual in former wars to be contented with whatever they have produced, yet that Taxes cannot be so productive as to meet the wants of each quarter of the year. It will also be recollected, that we stand now with the knowledge of two quarters of the year deficiency, being to be made good by future quarters; that on the whole it was estimated much higher by 1,075,000l. than a full serutiny would have justified. But as the heavy total requires a Loan, the interest of which must be paid before the Taxes can be productive, allowance must be made on that account. The total amount of the Old Revenue, upon an ave.
rage of four years, is - - - - - £13,919,000 'The new Taxes imposed in 1993, are stated by the Committee at
245,000 Taxes of 1794
1,332,000 of 1796
Total 17,803,000 “In the statement of the taxes of 1796, there is included the duty upon wine. The instalments on this article will be effective for 1797, and when you cease to take stock in hand, you will, I have every reason to think, do more than make up the deficiency at present existing in the tax. In addition to this we must take credit for the produce of the taxes imposed in December last, to the amount of 2,100,000l. Of these taxes, fome are