HC Deb 01 March 1830 vol 22 cc1143-5

On the Motion of the Chancellor of the Exchequer, the House went into a Committee on the Ways and Means.

The Chancellor of the Exchequer

proposed a Resolution, that towards making-good the supply granted to his Majesty, the sum of 12,000,000l. be raised by Exchequer-bills.

Mr. Gordon

took this opportunity of asking the right hon. Gentleman if he intended to introduce a new set of Stamp Laws and to increase the Stamps on Legacies. He had heard in the legal profession that such was the intention of Government, and that it had already given rise to great speculation.

The Chancellor of the Exchequer

said, that for some time past, the consolidation of the Stamp-laws had been under consideration, and that he hoped shortly to be able to lay the result before the House. It was natural that, the consolidation of acts should give rise to speculation, but, as to debate the subject at that time would tend to increase that speculation, he should abstain from entering into further particulars.

The Resolution was agreed to.

The Chancellor of the Exchequer

then moved a Resolution,—That there should be issued and applied, for advances on account of Public Works, &c. any sums paid into the Exchequer by the 5th April, 1831.—Agreed to.

The next Resolution was,—That towards making good the supplies granted to his Majesty, there should be issued and applied the sum paid into the Exchequer before the 5th April 1831, by the Governor and Company of the Bank of England.

Mr. Hume

thought that the Bank ought to be paid less than it was at present for management.

The Chancellor of the Exchequer

said, that the charge for management was a matter of engagement which could not be broken through.

Mr. Maberly

thought it no more a matter of engagement than others which had been modified.

The Resolution was agreed to.

The next Resolution was, that towards making good the supplies granted to his Majesty, there be issued and applied the sum of 60,000l., to be paid into the Exchequer by the East-India Company on account of Forces serving in India.

Mr. Hume

thought that the Company ought to pay more. They did not pay half enough.

The Resolution was agreed to.

The next Resolution was, that towards making good the supplies granted to his Majesty, there be issued and applied the sum of 80,785l., being the surplus of Ways and Means in the years 1823, 1824, 1825, 1826, 1827, 1828, and 1829.—Agreed to.