PARLIAMENTARY REPORTS. 391 



national debt, and of balances remaining in the Exchequer on the 

 Sth January 1817, which, though it does not come strictly within the 

 view taken by your Committee of the income and expenditure pro- 

 perly belonging to the year, as compared with each other, is never- 

 theless an important circumstance in the finance of the year, as it 

 constitutes a real diminution of debt, as will appear by the following 

 account : — 



Compare of Debt Redeemed and Contracted in 1817. 



Debt on Consolidated Fund on the 5th January 1818 ... 3,574,351 

 Deduct Debt at 5th January 1817 1,94-5,507 



^.1,628,844; 

 Amount of Unfunded Debt, Exchequer \ £. 



Bills, and Navy and Ordnance Debt, J- 63,198,1 14- 



at Sth January 1818 J 



Do. - do. - do. 5th January 1817... 52,082,664 



{ 11,115,450 

 Increase j 



Increase of Unfunded Debt ^e. 12,744,294 



Applied in Redemption of Debt from! ^.15 344 ggS 



5th Jan. 1817 to 5th Jan. 1818 J ' 



Five per Cents paid off. 41,829 £. 



15,386,811 



Deduct Increase of Unfunded Debt 12,744,294 



Actual diminution of Debt from the 5th January 7 /> 9 54,0 517 

 1817to5th January 1818 i ' ' 



In the statement relating to the current year, the first object of 

 attention is the excess of the probable expenditure beyond the esti- 

 mate formed by your Committee last year. This excess arises 



1st. From the charge of the Sf per 

 cent stock created and the Exchequer ''Z:viTtZI^:^:^!^''!^.J>:ooo 



bills funded in the present year, or Deduct probable dimination by) 



which there will be payable in the ^^'^^ ^?'J.^!^'!Z\ ^'""^ 



course of the year about 961,488^.; ' * 



while, on the other hand, as the dirai- Estimate in Fonrth Report ....Ifiso'^ 



nution of the charije of the unfunded 



, , . ^ ^ ^T.- r 1- Difference.... £.70,000 

 debt, consequent upon this lunding, 



will not take effect in its full proportion 



before the close of the year, there will probably be an increase of 

 70,000Z. under that head likewise, beyond the estimate of the Com- 

 mittee. 



2nd. 



