HISTORY 



OF EUROPE. 



39 



temporary amount, against whicli 

 he set two millions of exchequer 

 bills Toted, which would make the 

 avcrasje of each year 28,190,000/. 

 The duties, imposed in 1S03 and 

 1S04, produced 1,315,000/. which 

 woiihfmake the average 29,.5 14,000/. 

 But there was an addition to the 

 consolidated fund, of 1,381,000/. 

 from Ireland, for that part of the 

 debt, with which she stood charged. 

 There were also two other articles, 

 which would make the whole sum 

 to be added 2,86"6',000/. making the 

 whole amount of average for each 

 year 32,381,000/. against this hehad 

 to state the sum of 28,032/. of per- 

 niament charge for us, that was the 

 interest of debts, charges of mana- 

 gement, &c. 26,692,000/. the civil 

 list, 900,000/. charges added to the 

 consolidated fund, 380,000/. mak- 

 ing altogether the above stated sum, 

 of 28,032,000/. which left the sum 

 of 4,349,000/. to be carried as the 

 probable amount of the consolidated 

 fund. He had taken the average of 

 three years, and also the deficiency 

 of last year, arising from causes 

 which he could not but consider as 

 temporary. It proceeded in a 

 great measure from stock in hand, 

 having been taken in malt, spirits, 

 tea and wine, in th« last of which 

 the duty was lowered, with a notice 

 that it would be increased at the 

 end of the year. The consequence 

 of ttiis was, that persons naturally 

 laid in a large stock before the in- 

 crease. However, as he had every 

 reason to think that these fluctua- 

 tions would cease, he should, on a 

 fnturc day, propose to make the 

 duty on wine permanent. After 

 all, however, the total difference be- 

 tween the deficiency of last year, 

 and the three years average, was 



no more than 1,200,000^. ITs 

 should only take credit for four mil- 

 lion?, as the surplus of the consoli- 

 dated fund, on (lie 5th of April 

 I8O0. The next articles were tha 

 property and other war-taxes: these 

 were taken last year at nine nsiU 

 lions, but he should now only take 

 credit for 8,300,000/. and it must 

 be a great source of con;olation to 

 the country, that the war taxes were 

 so likely to realize nearly the 

 amount at whicii they Mere esti- 

 mated. The property tax, last year, 

 produced 4,()00,000/. ; but the year 

 1804 had not received all its be- 

 nefits ; a great part had not come 

 in, and may be defrayed by exche- 

 quer bills ; in like manner, what 

 was granted for this was applicable 

 to the next year, and what may b« 

 due would remain for exchequer 

 bills. Adding the 4,6'00 OOO/. this 

 year to what was due, the amount, 

 under the head of property tax, 

 would be 6,300,000/. which h« 

 would take for the estimate of th« 

 present year. lie still, however, 

 felt it his duty, this year, again to 

 call upon the country, for a new 

 exertion of its spirit, to keep down 

 the accunniiation of the public debt, 

 and to raise some considerable por- 

 tion of the supplies, over and above 

 the interest of the loan, for which 

 purpose he should propose one- 

 fourfi) or one-third, on the property 

 tJix, whiiih he calculated to produce, 

 1,150,000/. making the v>hol« 

 amount of the war and property 

 taxjs 15,750,000/. He should also 

 take credit for 300.000/. by wity df 

 lottery, to which was to be added 

 the loan of 20,000,000/. for Eng- 

 land. He then recapitulated tl»« 

 different items as follows: — 



D 4 Wavs 



