THE CHRONICLE: 
fam of 1,000,000]. iffied to the 
commiffioners for reducing the na- 
tional debt, fhould be added to the 
infereft and charges of the debt ex- 
ifting on the 5th of January, 1793: 
and that a further annual fum, in 
refpec of the 11. per centum per 
annum, on capital funded fince the 
5th of January, 1793, payable to 
the faid commiifioners, amounting 
to 923,154]. 19s. 4d. thould be add- 
ed alfo to the intereft and charges 
of the debt created fince that pe- 
riod. 
Thefe being taken together, viz. 
.1,923,1541. 19s. 4d and added to 
the former fums, viz. 12,507,489]. 
17s. 114d. the total annual charge 
of the public funded debt, in- 
cluding the fums applicable to 
the reduction thereof, as it ftood 
upon the 5th of January, 1797, 
was DL. 14,430,644 17 32 
Your Committee alfo beg leave 
to ebferve, that neither the amount 
of the ftock created by funding cer- 
tain Navy, Victualling, Tranfport, 
and Exchequer bills, in the courfe 
of the prefent feflion, nor by the 
Joan of eighteen millions for the 
fervice of the year 1797, are no- 
ticed in the ftatement ; as they nei- 
ther are nor, by the courfe of the 
Exchequer, could be included in 
the account made up to the period 
marked out by the inftructions to 
your Committee. 
lt appears, however, that the capi- 
tal ftock, created by funding the 
bills amounting to 13,029,3991. 
8s.was  -L, 21,575,774 0 0 
The loan - 20,250,000 0 0 
Total 41,825,774 0 O 
The total of the annual intereft and 
charges, and II. per cent. upon 
the above additional debt, a- 
mountsto L, 2,151,250 1 0 
vu 
gt 
Your Committee, in concluding 
this part of their enquiries, think it 
right to obferve, upon the total of 
the capital ftock fo created and fo 
conftituting the public funded debt, 
1ft, That its amount is not to be 
confidered as if it could only be 
extinguithed by a redemption at 
par; inafmuch as the progreflive 
reduction of the national debt by 
the prefent finking fund conftantly 
operates, by buying up the debt ac- 
cording to the current price of the 
ftocks; the effect of which they 
have entered into more fully in a 
fubfequent part of this report. 
Qdly, That the funded capital of 
the public debt includes in it the a- 
mount of the capital purchafed by 
the commiffioners for reducing the 
national debt. 
And, 3dly, That the annual 
charge upon the public, by way of 
intereft and annuities for terms, in- 
cludes in it the intereft of the ftock 
purchafed by the commiffioners, 
andalfo of the annuities which have 
expired. ; A 
Your Committee think it alfo 
proper to {tate here, that by ftatute 
35 George III, chapter 93, provi- 
fion was made for guaranteeing the 
payment of the dividends on a loan 
of 4,600,000], on account of the 
Emperor; under the authority of 
which ftatute there has been created 
In capital ftock, 31. per cents. 
L. 3,833,333 6 8 
And in annuities for twenty-five 
years, from the 1ft of May, 1794, 
L. 230,000 0 0 
Taxes. 
The Committee proceed firft to 
{tate the produce of each of the 
four years, preceding the 5th of 
January, 1797, of the permanent 
taxes which exifted previous to the 
5th of January, 1793, 
Upon 
