[ 358 ] [May l. 



PROCEEDINGS OF PUBLIC SOCIETIES. 



HOUSE OF commons' COMMITTEES. 



THE Reports and other publica- 

 tions of the Committees of the 

 British Parliament yie in utility, im- 

 portance, and interest, with tliose of 

 any public society in existence. Their 

 length often precludes us from giving 

 them place ; we have, however, com- 

 pressed those of the present session 

 into forms which exhibit all their in- 

 formation, and hope to be able to pre- 

 sent others in a similar manner. 



The following is a staten»,nt of the 

 actual TRevenue of the United Kingdom 

 derived from Taxes, from the 5th of 

 January, 1816, to the 5th of January. 

 1822; and of the Expenditure during 

 the same period, exclusive of Sinking 

 Fund:— 



Taxe» 



1816— Great Britain ^^68,169,074 



Ireland 8,964,207 



1016— .United Kingdom 77,133,'281 



J817 Do. •67,650,589 



1813 Do, 59,667,941 



1819 Do. t58,680,252 



1020 Do. ........ 69,769,680 



1821 Do. 60,688,915 



Total six years • • 373,590,658 

 Expenditure. 



1816— Great Britain ^70,704,263 



Ireland 13,192,505 



1816— United Kingdom 83,896,768 



1817 Do. 58,544,049 



1818 Do. 57,872,428 



1819 Do. 57,39^,544 



1820 Do. 57,476,755 



1821 Do. 57,639,893 



Total six years.." • 372,822,437 



Excess of Revenue in six years, £ 



only 768,231 



There was also a Balance of 



Loans fimded in 1815,brougl»t 



over to 1816, the charge for 



which is included in the above 



Expenditure 5,939,803 



And in the Expenditure of 18*6 



is an excess of cliarge, by an 



error in the accounts, to the 



amount of 2.856,862 



Making a Total Surplus of ■ ■ ^9.564,886 

 • On the 5th of January, 1817, the two 

 Exchequers of Great Britain and Ireland 

 were united. 



t In 1819 the rates of taxation on cer- 

 tain articles were raised so as to produce an 

 B"giegate increase of 3,198,000/. per ann. 

 "t Of money over expenditure in the six 

 year*, which, if it had been applied in the 



The amount expended by the Com- 

 missioners of tlic Sinking Fund in each 

 of the six years in question, exclusive 

 of the 36 millions borrowed from them- 

 selves, has been as follows : — viz. (vide 

 Parliamentary Paper, No. 145 of last 

 session.) 



1816 '^13,047,117 



1817 13,655,722 ' 



In tliese two years tlie Revenue 

 was less than the Expenditure, 

 as follows : — 



1816 ^6,763,487 



1817 893,460 



1818 Expenditure was *f 14,418,295 



1819 C 9,285,677 



1820 "^ 4,101,025 



1821 C 4,324,574 



And in these four years the Re- 

 venue exceeded the Expendi- 

 ture, as follows : — • 



1818 iffl,795,5l3 



1819 1,287,708 



1820 2,292,925 



1821 3,049,023 



On Ihe 26th of March a return was 

 made to the House of Commons of the 

 total gross and net assessments of the 

 Property Tax of ten per cent, for one 

 year, ending the 6tli of April, 1815. 

 The return was ordered io be printed, 

 and, being now in the hands of mcm- 



siniplest and most direct way in reducing 

 the debt, would have effected a diminution 

 in the annual charj,'e exceeding 500,000/. 

 per annum ; whilst, on the other hand, by 

 the very complicated system followed, of 

 raising loans, issuing of Exchequer Bills, 

 and afterwards funding them, to the extent 

 of 57 millions, exclusive of 36 millions 

 borrowed from the Sinking Fund; and 

 thus, by transferring and re-transferring 

 about 120 millions of capital, instead of 

 any diminution, although there has been 

 an actual diminution of charge within the 

 six years in question to the amount of 

 about 230,000/. per annum, by the expiry 

 of life and otlier terminable annuities, and 

 of 941,500/. per annum, by the reduced 

 rate of interest at which Exchequer Bills 

 have been issued ; notwithstanding all these 

 circumstances, the charge on the Debt, 

 funded and unfunded together, for the year 

 1821, very considerably exceeded tlie 

 charge for any preceding year. 



• These tliree years are exclusive of the 

 36 millions the Commissioners borrowed 

 of themselves. The present Bill of the 

 Chancellor of the Exchequer is precisely 

 tlie same in principle, on a smaller scale, 

 as the system which has led to the results 

 as stated above. 



ben, 



