GENERAL HISTORY. 



[71 



millions by debentures, giving the 

 subscribers to them the power to 

 fund exchequer bills to an amount 

 double that of their debentures. 

 He ihen moved a number of reso- 

 lutions to this effect, which were 

 agreed to. 



On June 11th the Chancellor 

 of the Exchequer rose to take the 

 earliest opportunity of submitting 

 to the approbation of the commit- 

 tee, the terms of the loan he had 

 contracted, to make up the sum 

 granted for the current service of 

 the year. Were he to take up the 

 attention of the house for a length 

 of time any way proportionate to 

 the magnitude of the financial ope- 

 rations he should have occasion to 

 advert to, no opportunity would be 

 left to discuss on that evening the 

 other important subjects which 

 were to be submitted to the atten- 

 tion of the house ; he hoped, how- 

 ever, that the statements he had to 

 make, were so clear, and so gene- 

 rally understood already, that it 

 would be necessary for him to oc- 

 cupy but a small portion of the 

 time of the committee. He would 

 first submit to the committee an 

 account of the items of supplies 

 already agreed to, and proceed 

 afterwards to those of the Ways 

 and Means necessary to meet them. 

 He did not intend, in the mean 

 time, to offer any comment on the 

 magnitude of the expenditure, nor 

 to dwell on the political and mili- 

 tary exertions which had rendered 

 it necessary ; those topics had been 

 frequently discussed before, and 

 would probably come again under 

 the consideration of the house 

 before they separated. 



The first article of supply was 

 the sum already voted for the ser- 

 vice of the navy (exclusive of ord- 



nance sea service) and amounting 

 to 20,575,011/. exceeding the sura 

 voted last year by 872,612/. The 

 sum voted for the army in England 

 (including barracks and commissa- 

 riat) was 15,727,931/. exceeding 

 also last year's vote byl, 150,233/. 

 for the army in Ireland 3,198,606/. 

 exceeding the expenditure of last 

 year by 20,144^. These sums 

 united gave a total of 18,926,537/. 

 for the army, giving a general 

 excess over last year's expense of 

 1,170,377/. In the extraordinaries 

 of the army last year, there had 

 remained unprovided for, a sum of 

 4,662,797/. which, of course, was 

 to be provided for, by the ways and 

 means. But to prevent the recur- 

 rence of the same unpleasant cir-^ 

 cumstance, he would this year pro- 

 vide the sum of 9,500,000/. for the 

 extraordinaries of the army. Of this 

 sum 5,000,000/. had been already 

 voted, and there would of course 

 remain four millions and a half to 

 be provided for at a future period 

 by the house. The army extra- 

 ordinaries for Ireland were the 

 same as last year, that is, 200,000/. 

 making the total of the extraordi- 

 naries 9,700,000/. The sums ne- 

 cessary for miscellaneous services 

 had been already voted by the 

 house ; there were, however, some 

 items still unprovided for, and to 

 cover them all, he would take the 

 sum of 2,500,000/. ; exceeding 

 that branch of the service of last 

 year, by 150,000/. The next 

 article of supply he should come 

 to, were the subsidies granted to 

 foreign powers. On this head no 

 alteration had taken place since 

 last year ; and the sums already 

 voted bythe house, were 2,000,000/. 

 for Portugal, and iOOjOOO/. for 

 Sicily. There would be also 



