HC Deb 15 February 1805 vol 3 cc520-1
Mr. Johnstone

said, he was embarrassed how to form a judgment on the supplies of the year without having the accounts of the preceding year before him, of which the house were in possession of only a part. On looking at the disposition paper, an alarming fact struck him: the surplus of the Consolidated Fund had been estimated as likely to amount, by the 5th of April, to 5 millions; now it appeared that on the 14th of Feb. it was onlyl 1,200,000l. so that, on making the proper calculation for the time that was yet to elapse, there would be a deficiency of 8,600,000l. On another circumstance he wished for explanation, which was with regard to outstanding exchequer bills. They were stated at 12 millions; and those outstanding on the 14th Feb. 8 millions. It was not probable so much could be paid in this time.

Mr. Huskisson

said, the remaining accounts which the hon. gent. had expressed his desire to see, should be laid on the table as soon as possible. With respect to the surplus of the Consolidated Fund, though certainly some deficiency did exist, yet he did not believe it wm any thing near so much as apprehended by the hon. gent. some duties which were yet to be paid from the East India Company would reduce it; and besides, he was not sure that the calculation which the hon. gent. founded on the surplus of the fund being, on the 14th of Feb. but 1,200,000l. was not erroneous, as it was likely that that was its amount on the 5th of Jan. With regard to the other part of the hon. gent.'s inquiry, he informed him, that it was intended to issue Exchequer bills, to replace those of last year, to the amount of 6,500,000l.—After some further conversation between Mr. Huskisson and Mr. Johnstone, accounts were ordered to be laid before the house of Exchequer bills outstanding on the 14th of Feb. 1805, that were charged on any of the supplies of the year 1804, distinguishing the acts under which they were issued.

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