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The History of England in Three Volumes, Vol.III. / From the Accession of George III. to the Twenty-Third Year of the Reign of Queen Victoria cover

The History of England in Three Volumes, Vol.III. / From the Accession of George III. to the Twenty-Third Year of the Reign of Queen Victoria

Chapter 387: PITT’S FINANCIAL MEASURES.
By Edward Farr
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About This Book

The volume traces British political, parliamentary, and military developments from the accession of George III through the early nineteenth century, chronicling changes of ministry and cabinet, debates over colonial taxation and the American conflict, parliamentary controversies involving figures such as Wilkes and Warren Hastings, questions of Catholic relief and slave-trade abolition, and responses to the French Revolution and Napoleonic wars, including major naval and continental campaigns, the union with Ireland, and domestic legislation on finance, civil liberties, and parliamentary reform.

PITT’S FINANCIAL MEASURES.

Pitt proposed his budget for the year, on the 6th of May. In doing so he expressed great satisfaction at the flourishing state of our finances; stating, that although some extraordinary expenses had been incurred by the events of last year, yet, such was the improved condition of the revenue, that it afforded means of providing for all the services which had been voted, without any loan or new taxes, and without the slightest interruption to the action of the sinking-fund. This he proved by a statement of figures, and although Sheridan attempted to controvert his statements, they could not be proved fallacious. Of all men in the house, indeed, Sheridan was the most unfit to enter into financial computations, for his genius rather lay in rhetoric than in figures. In the supplies, 18,000 seamen were voted, and about 29,000 land-forces, beside those that were on foreign service.