76] ANNUAL REGISTER, 1813. 



Estimated Surplus of Consolidated Fund 

 for the present year ending 5tli April, 181 4; 3,889,000 



Deficiency of surplus, year ending 5th April, 



1813 3,281,000 



Surplus remaining for present year «£". 608,000 



The right hon. gentleman proceeded to show in what way he had 

 formed his estimates of the war taxes. 



The Customs and Excise averaged in the 



three years ending April 5, 1812 9,502,965 



Add Duties imposed in 1811, and the present 



year 550,000 



And for the higher Duty on Sugars of 3^. per 

 cwt. in consequence of the high price, 

 which might be taken at 250,000 



The total would be ^.10,302,965 



This Sum, then, he took as an average of the 

 Customs and Excise. Of the property Tax 

 there remained of former Assessments on 

 April 5, 1813 9,361,946 



Estimated produce of the present year 12,960,000 



22,321,946 

 Deduct the sum remaining to complete the 

 grant of 1812 8,898,246 



There would remain 13,423,701 



This sum carried to the 10,302,965/. which 

 he took for the produceof the Customs and 

 Excise, gave 23,726,666 



Deducting from this the War taxes pledged 



for the interest of the debt '. 2,706,000 



And there remained to be granted for the 

 service of the year 21,020,666 



It remained for him to state the them an unfair advantage. For 

 conditions on which the loan had every 100/. subscribed they re- 

 been contracted. These he thought ceived 110/. in the three percent, 

 were so far satisfactory that all reduced annuities, 60/. in the 

 parties ought to be satisfied. They three per cent, consols, and 8*. 6d. 

 did not impose a greater burthen in the long annuities. The charge 

 on the public than was necessary, to be provided for was very con- 

 and if beneficial to the contractors, siderable. The capital debt created 

 it was not so much so, as to give was 35,700,000/. the interest 



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