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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 415: PITT’S FINANCIAL STATEMENT, ETC.
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 STATEMENT, ETC.

Pitt opened the budget for the year on the 15th of April; and in doing so he congratulated the house upon the prosperous state of the finances. He regarded the increase of revenue as progressive, and spoke with triumph of the growing greatness of England. Like Dundas, he spoke of the continuance of peace as certain; and he concluded his speech with an encomium upon the British constitution, to which, under Providence, the prosperity of the nation was to be ascribed. About the same time that the budget was opened, the house voted several sums as a recompense for services or indemnification for losses in the cause of the country. Thus an annuity of £1000 per annum was granted to the Rev. Dr. Willis, who had been instrumental in restoring his majesty’s intellects; the speakers salary was increased from £3000 to £6000; and the family of Penn had a perpetual grant of £4000 per annum bestowed upon them out of the consolidated fund, for the losses they had sustained during the revolt of the American colonies.