1901.] 
Thus it appears that Mr. Tierney can- 
eurs with the Chancellor of the Exche- 
quer in excluding the Imperial-loans, and 
the loans to Ireland from his computation 
of the funded debt of Great Britain; but 
does not agree with him in omitting the 
ftock. charged upon the income-tax. Whe- 
ther the Imperial-loans ought to be dedu&- 
ed, will, 
fubje& of confideration. 
Raving noticed this overight in M. N. 
I proceed briefly to give the- refpective 
ftatements of Mr. Addington, Mr. Tier- 
ney, and Mr. Morgan, annexing a parti- 
cular reference to the votes of the Houle of 
Commons, and to Mr. Morgan’s ** Com- 
parative View, &c.” ali of which are now 
. Spread upon the table before me. 
Public Funded Deot. 
Mr. Addington, 400,709,8321. as it 
flood Feb. 1, 1801. Refolution 3d, car- 
ried —Vide votes. 
Mr. Tierney, 457,154,081]. as it ftood 
Feb. 1, 1801. Relolution 3d, not car-- 
ried—Vide votes. 
Mr. Morgan, 558,418,628]. as it ftood 
April 5,- 1801—-** Comparative View, 
aC." pp. 71. 
By this ftatement you perceive, Sir, that 
there is a wide difference between thefe 
§2,281,6561. 
16,083,8021. 
21,592,956l. 
Redeemed land-tax. 
- Corred&ted Statement of the National Debt. 
betore T conclude, be made the © 
133 
three gentlemen; Mr. Tierney’s account 
exceeding Mr. Addington’s more than 
56,000,c00l.; Mr. Morgan’s exceeding 
Wr. Tierney’s more than 101,000,000. 
and outftripping Mr. Addington’s more 
than 157,000,000]. The difference be- 
tween Mr. Addington and Mr. Tierney is 
thus explained—the latter avowedly in- 
cludes 56,445,000l. the intereft of which 
is to be defrayed, and the capital redeem- 
ed, by the tax on income—the former 
avowedly excludes it—vide votes. It will 
be feen that the following ftatement makes 
the figures nearly the fame. 
457,154,081]. Mr, Tierney’s ftatement. 
400,709,332]. Mr, Addington’ s ditto. 
56,444,249], Excefs of Mr. Tierney’s. 
a eed 
56,44.5,0001, Charge upon income-tax. 
The difference between Mr. Tierney 
and Mr. Morgan can have no reference to 
the {mall variation in the dates of their 
refpective flatements ; neither does it con- 
fift in the charge upon the income-tax, for 
both gentlemen have included it, but in the ~ 
foliowing particulars, making a part of 
Mr. Morgan’s, but not of Mr. Tierney’s 
computation. 
Redeemed by Commiffioners for reducing the National Debt, 
Prefent value of life and temporary annuities, 
1,002,099l. Borrowed upon tontine in 1789. 
10,368,8931. Imperial-loans—3 per cent. - - 4,502,632). 
oe Dit: 0, 230,000]. per ann. for 29 years - 2,866,260l, Prefent values 
101,329,406], Se ee 
ene 10,363,893]. 4 
§58,418,6281. Mr. Morgan’s ftatement. 
4575154,0811. Mr. Tierney’s ditto. 
701,264,547]. Excefs of Mr. Morgan’s. 
The difference between Mr. Addington, 
and Mr. Morgan confiflsin Mr. Morgan’s 
including the charge on the income-tax, 
which Mr. Tierney has, likewife, includ- 
ed, but which Mr. Addington has exclud- 
ed, and in all thofe items, which occafion 
the variation between the ftatements of 
Mr. Morgan and Mr. Tierney. 
56,445,0col. Charge upon income-tax. 
101,329,4061, Variation between theftate- 
ments of Mr. Morgan, 
and Mr. Tierney—Vide 
een arene maey fupra. 
1577744061. 
pipiens 
553,418,628]. Mr, Morgan’s ftatement. 
490,709,832]. Mr, Addington’s ditto. 
¥57:708)796], Excefs of Mr. Morgan’s, 
Thus, Sir, have I endeavoured to fhew, 
by an examination of the votes of the 
Houfe of Commons, and of Mr. Morgan’s 
laft pamphiet, not only the difference in 
the amount of the feveral computations 
of the funded debt by Mr. Addington, 
Mr. Tierney, and Mr. Morgan, but trom 
what caufes that difference proceeds. 
The next queftion, which naturally fol+ 
lows, is—whole mode of calculation ought 
to be preferred? This is the moft inte- 
refting, as well as the moft difficult part of 
the inquiry. It appears, if my reprefen- 
tation be correét, that Mr.Morgan has net, 
after the example of the two fenators, des 
duéted the 52,281,556]. purchafed by the 
Commiffioners. Iam aware that he has 
taken flight notice of that fum in a mole, 
in which he fays, that ** of thie flock (the 
Se 558,418,628!.) 
