49 



ANNUAL REGISTER, 1805. 



Ways and Means. 

 Land and malt duties. 2,750,000 

 War taxes, 

 New war 

 taxes. 



Property 



tax. 



8,300,000 

 1,150,000 

 9,450,000 

 6,300,000 



15,750,000 



Surplus of the consoli- 

 dated fund, to the 

 5th of April 1806, 4,000,000 



Lottery, _ _ _ 300,000 



Surplus ways and 



means, 18o4, — 1,192,000 



Loan, — — — 20,000,000 



Total ways and 



means, — • — 

 Total supplies. — 



43.S02,115 

 43,b'<J0;419 



Leaving a surplus of 

 ways and means 

 beyond the sup- 

 ply of, — — 301,696 

 There was a further sum for the 

 service of Ireland, one million of 

 which he proposed to raise in tiiat 

 country, and two millions and a 

 iialfi.i England; the last to boon 

 the same terms as the Lnglish loan, 

 though the interest on that and tiie 

 ether million was to be provided bv 

 Ireland. Le then stated the terms 

 of the loan to bo, for every 100/. 

 subscribed, to be given to the sub- 

 gcriber 1 50/. 3 per cents, and 22/. 

 in the reduced, creating 172/. stock, 

 for every 160/. borrowed. In tlie 

 last yea,r ten millions were bQrrowed 

 JQ the same stock, crcatiiig a capi- 

 tal of 182/. stock, lor each 100/. 

 borrowed, so that we had now the 

 advantage and satisfaction of ne- 

 gociating a loan, more than double 

 the amount, at a capital less by 10/. 



per cent, than the capital of last 

 year. This was to be ascribed 

 partly to the prosperity of the coun- 

 try partly to the firmness of par- 

 liament, in consenting to furnish so 

 large a portion of th? supplies within 

 the year, and in no small degree 

 also to the pros^ress and rapisl ope- 

 ration of the sinking fund. The 

 interest was less by 65. than that 

 upon the last loan ; the bonus was 

 I8s. and a fraction beyond the price 

 at which stocks closed on Saturday, 

 to which was to be added, the usual 

 discount of 5/. per cent, upon 

 prompt payment; but if not paid at 

 once, the bonns would be no more 

 than 3/. 1*. Of/, lie then observed, 

 that ihc interest on (he twenty mil- 

 lions loan, was .5/. 3*. 2c/. per cent, 

 but including the sinking fund, it 

 would be G/. I7s. 6(1. to which must 

 be added, the charges of manage- 

 ment and the three per cents, created 

 for loyalty holder>i, amounting, 

 Avith the interests of the loan, to 

 1,537,192/. In order to provide 

 for this, he proposed the following 

 new taxes. — One penny on each 

 single letter sent by tiie general post ; 

 2d. upon double letters : and 3d. up- 

 on single letters being an addition 

 of one penny upon letters carried to 

 the vicinity of London, by the two- 

 penny post : these he estimated at 

 230,("00/. An addition of 5s. a 

 •bushel,, to the 10*'. a bushel now 

 paid, upon salt, estimated produce 

 490,000/.— On salt exported to 

 Europe, 6J. per bushel, estimated 



amount 80,000/. On pleasure 



horses, an addition of one fifth to 

 the present tax, estimated produce 

 110,000/. Upon horses kept for 

 husbandry, he proposed to raise the 

 present tax of 12a. 6d. to one 

 pound, Avhich, he calculated, would 

 give a snm of 320,000/. but upon 



such 



