Mr. Hume's Statement of the Actual EXPENDITURE of the UNITED KINGDOM, for the four Years ending the 5th of January, 1821, as taken from the Annual Finance Accounts laid before Parliament. Irish Treasury Bills............ 1,815,927 2,200,414 779,992 1,849,220 Total on account of Funded and Unfunded Debt............ 45,924,160 46,849,153 47,247,991 48,920,148 Expenditure in the year 68,710,503 68,821,437 69,448,899 70,850,742 Charges of Management, and Collection of the Revenue 4,351,837 4,403,757 4,249,236 4,136,642 ... clusive of the Sinking Fund..58,544,049 57,882,428 57,392,544 57,476,755 Sinking Fund 14,518,291 15,352,766 16,305,591 | 17,510,629 Statement of the Actual Revenue of the United Kingdom of GREAT BRITAIN and IRELAND (Drawbacks, and Stamps.......... Lottery....... Unclaimed Dividends Imprests, &c....... Viz. Total income, exclusive of Loans, for the four years......... Total nett surplus of Revenue of the United Kingdom in the four years.. £.235,768,462 231,285,776 4,482,686 If there had been no Sinking Fund, no Loans would have been required, as the Revenue of the four years, 1817 to 1820 (to the 5th January, 1821), hoth inclusive, was £.4,482,666 more than the Expenditure, which ought to have effected a reduction (the 3 per cents being on an average at £.70 per £.100) of £.192,117 of Annual Dividend; and, as .261,813 of annual charge for annuities and land-tax redeemed has been diminished, the reduction of the Debt ought to have been to the amount of 2.453,920 in 1821, whereas the charge has been increased, instead of diminished. An Account of Interest paid in each Year to the Public for the FUNDED and Unfunded DeBT of the United Kingdom, and for the Charge of Management at the Bank of England, for the four Years ending the 5th January, 1821 (exclusive of the Sinking Fund), as charged in the Annual Finance Accounts. For interest paid on Funded Debt 29,166,085 28,873,638 29,737,640 29,126,973 Charges of Management 284,589 277,699 274,393 276,419 Amount of Interest and Charges.. 29,450,674 29,151,337 30,012,033 29,403,392 Interest on Exchequer and Irish Total charge for the Funded and 1,815,927 2,200,414 779,992 1,849,220 31,266,601 31,351,751 30,792,025 31,252,612 Average of 1817, 1818, and 1819........... £.31,136,792 And as it appears by the account from the Exchequer Office, that the charge for the Funded Debt, for the year ending 5th of January, 1822, will be.. And taking by estimate the interest on the Exchequer Bills (£34,728,691), stated as outstanding on the 5th of January, 1821, in the same proportion as £.1,849,219 was charged in 1820 for the interest on £.42,694,882 of outstanding bills on the 5th of January, 1820, the amount of interest for the year ended 5th January, 1822, will be............ Making a total charge for Funded and Unfunded Debt of instead of (after deducting the £.453,929 of dividends redeemed and expired), being only £.30,812,672, as it ought to have been, if there had been no Sinking Fund; consequently, a very great loss to the Country, and going on at the same rate by the present absurd system of the Sinking Fund, £.30,180,213 1,300,000 31,480,213 MR. HUME'S TABLES OF THE PUBLIC EXPENDITURE, AND OF HIS PROPOSED REDUCTIONS. ARMY (exclusive of Ordnance.) Great Britain and Ireland in 1792, £.2,331,149; in 1820, £.8,926,424; difference, £.6,595,275. Difference of estimates £.163,498 less in 1821 than in 1820. Note. The number in 1792 are put down at the Establishment, but it was deficient several thousand men. In 1821, the actual numbers are entered. The number of Household Troops (exclusive of Officers)— 4,966 more than in 1792. If 60,000 men were put into 75 regiments of 800 men each, instead of 93 regiments of 650 each, a saving of £.211,025 would be effected. Veteran Officers 247, transferred at an expense of £.13,870 a year, or £.166,440 at 12 years purchase. First Commissions 1,105, of which 508 given away, £.29,464 a year, or £.353,568 at 12 years purchase. In 5 years 313 Ensigns, placed on half-pay, in some years of which 130 in same day. Payment of Foreign half-pay £.17,662 from 1816 to 1820. Military College expense begun in 1801 at £.3,859 a year, but in 5 years from 1816 to 1820, £.115,280, and only 160 cadets, £.720 10s, each. Promotions. Cornets, &c. to Majors, 1,4482,553; only 315, or 1 in 73 1,105 There were 411 brought from the half-pay to full-pay, or 1 in 241. In 1821 there are 9,037 Officers on half-pay, at an expense of £.812,577 7s. In the Artillery 118 Officers on half-pay, only 38 brought on full pay in 5 years, and 62 First Commissions. |