HISTORY or EUROPE. 



119 



Brought forward , . l»379,()00 



But of thissun* 

 not more than the 

 Srst three items, 

 and 70,000/. of tlie 

 fourth, would i>ro- 

 babiy be required 

 ia the course of 



this year 99,000 _ ^^ ^ 



^ ■ 1,478,000 



Surplus of Consolidated Fund 

 therefore remaining appli- 

 cable for services of the 

 current year ^.311,000 



He now came to the expenses 



of the year, which would be found 



in these 



CHARGES. 



lutcrest and Sink- 

 ing Fund on the 

 Public Debt in 

 Ireland .f. 3,974,000 



Quota of 2-17ths 

 of .52,185,e00^ 

 the total supply 

 of Great Bri- 

 tain (,6,106,000 

 British 6,614,000 



Treasury Bills 

 chartred on aids 

 oftheyp^r .... 541,000 



11,129,000 



The Waj's and Means then to 



cover the charges already speci 



fied, were — 



£. 



Annual Revenue 5,000,000 



Loan of four millions, Bri- 

 tish equal to Irish cur- 

 rency 4,333,000 



Loan of four inillions four 

 hundred thousand pounds, 

 British, equal to Irish cur- 

 rency 1,516,000 



Surplus of the consolidated 

 Fund applicable to the 

 service of the present year 31 1 ,000 



Makings total of ^.11,160,000 



From which deducting the 

 amount oi charges already 

 specified 11,129,000 



There would remain an ex- 

 cess of Ways and Means, 

 above tbe charges, of ■ . . • 31,000 



The two loans, Mr. Foster said, 

 were unquestionably of such an 

 extent, that he could most sin- 

 cerely have wished they could 

 have been avoided. But as Ire- 

 land liad but a small capital, and 

 was increasing in her manufac- 

 tures, sucli a measure, by with- 

 drawing capital from the opera.' 

 tions of iiidustry, might have 

 the effect of repressing the enter- 

 prising spirit which leu to the im- 

 provement and growing progress 

 of manufactures in Ireland. It 

 was with great satisfaction he had 

 to state, that though tlie charge 

 Upon the revenue had increased, 

 yet the revenue had increased in 

 a higher proportion. The real va- 

 lue of the exports in ISCO was 

 five millions ; in 1802, a year of 

 peace, eight millions and a quar- 

 ter ; and on the average of 1808 

 and 1809, twelve millions. The 

 real value of British exports in the 

 same years were, in IbOO, forty 

 millions; in 180:2, forty - eight 

 millions; and in 1809, forty-five 

 millions; being an increase of 

 l-9th only, while the ejiports of 

 Ireland had increased full7-15ths. 

 The exports of corn from Ireland 

 had never been '^o large as last 

 year ; and the quantity of ground 

 tilled in the present year, alForded 

 in the event of a favourable sea- 

 son, a prospect of a most abun- 

 dant crop ; a source of wealth to 

 that country, and a necessary sup- 

 ply to this. Mr. Foster proceed- 

 ed to state to the committee the 

 ways and means, with his reasons 

 for having recourse to them, by 

 whichhe proposed toprovidefor the 

 charge of the loan of the present 

 year, which, including manage- 

 ment, iqterest, and sinking fund, 



