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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 819: THE SUPPLIES.
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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.

THE SUPPLIES.

The new chancellor of the exchequer brought forward his budget on the 21st of February. The total revenue of the year was estimated at £57,096,988, and the expenditure, at £49,852,786. This left a surplus of above £7,000,000, and Mr. Robinson proposed to relieve the burdens of the country by a repeal of assessed taxes to the amount of £ 2,000,000, retaining the other £5,000,000 toward the liquidation of the national debt. His views and statements obtained much applause, so that he carried his estimates for the year triumphantly.