An Account of Interest paid in each Year to the Public for the FUNDED and UNFUNDED DEBT of the United Kingdom, and for the Charge of Management at the Bank of England, for the four Years ending the 5th January, 1821 (exclusive of the Sinking Fund), as charged in the Annual Finance Accounts. For interest paid on Funded Debt 29,166,085 28,873,638 29,737,640| 29,126,973 Charges of Management 284,589 277,699 274,393 276,419 Amount of Interest and Charges.. 29,450,674 29,151,337 30,012,033 29,403,392 Interest on Exchequer and Irish Total charge for the Funded and 1,815,927 2,200,414 779,992 1,849,220 31,266,601 31,351,751 30,792,025 31,252,612 Average of 1817, 1818, and 1819............ £.31,136,792 And as it appears by the account from the Exchequer Office, that the charge for the Funded Debt, for the year ending 5th of January, 1822, will be.. And taking by estimate the interest on the Exchequer Bills (£.34,728,691), stated as outstanding on the 5th of January, 1821, in the same proportion as £.1,849,219 was charged in 1820 for the interest on £.42,694,882 of outstanding bills on the 5th of January, 1820, the amount of interest for the year ended 5th January, 1822, will be..... Making a total charge for Funded and Unfunded Debt of instead of (after deducting the £.453,929 of dividends redeemed and expired), being only £.30,812,672, as it ought to have been, if there had been no Sinking Fund; consequently, a very great loss to the country, and going on at the same rate by the present absurd system of the Sinking Fund. £.30,180,213 1,300,000 31,480,213 MR. HUME'S TABLES OF THE PUBLIC EXPENDITURE, AND OF HIS PROPOSED REDUCTIONS. ARMY (exclusive of Ordnance.) Great Britain and Ireland in 1792, £.2,331,149; in 1820, £.8,926,424; difference, £.6,595,275. Difference of estimates £.163,498 less in 1821 than in 1820. Note.-The number in 1792 are put down at the Establishment, but it was deficient several thousand men. In 1821, the actual numbers are entered. The number of Household Troops (exclusive of Offieers)— Of Dragoons........ 4,966 more than in 1792. .............. 3,072 If 60,000 men were put into 75 regiments of 800 men each, instead of 93 regiments of 650 each, a saving of £.211,025 would be effected. Veteran Officers 247, transferred at an expense of £.13,870 a year, or £.166,440 at 12 years purchase. First Commissions 1,105, of which 508 given away, £.29,464 a year, or £.353,568 at 12 years purchase. In 5 years 313 Ensigns, placed on half-pay, in some years of which 130 in same day. Payment of Foreign half-pay £.17,662 from 1816 to 1820. Military College expense begun in 1801 at £.3,859 a year, but in 5 years from 1816 to 1820, £.115,280, and only 160 cadets, £.720 10s. each. 1,105 S 2,553; only 315, or 1 in 7 There were 411 brought from the half-pay to full-pay, or 1 in 24. In 1821 there are 9,037 Officers on half-pay, at an expense of £.812,577 7s. In the Artillery 118 Officers on half-pay, only 38 brought on full pay in 5 years, and 62 First Commissions. In the Marines 768 half-pay Officers, of which 142 were brought from half to full pay; only 3 promotions, and only 1 First Commission in 6 years!. Engineers, 50 half-pay Officers, and 62 First Commissions in 6 years. Superannuation List of Civil Establishments, in 1816............ Ditto 40,197 22,233 increase. In 1792-Barracks.. ...£.13,350 I.) and 1821... £.260,500 £.137,500 E. 123,000 I. 401,569 E. 112,102 I. Average Expenditure, per Annual Finance Accounts for four years past...£.1,447,206 Gratuities in 1792, £. 2,324; in 1813, £.9,628; and 1821, £.30,000. The gratuities of the Ordnance from 1807 to 1815, nine years inclusive of war, was......... £.49,248 And in peace, from 1816 to 1821 inclusive, a period of 6 years.... 168,226 118,978 more in 6 years of peace than in 9 of extended war, exclusive of the increased allowance to those on the pensioned list; making near £.150,000 more in 6 years of peace than in 9 of war. In 3 years, 1791, 1792, 1795.. £.1,113,363 £.2,269,582 more in 1821 than 1793 Ditto 1819, 1820, 1821.. 3,382,590 Number of Ships In 1792, No. 278 rated At sea and In 1821, No. 538 rated 123 sloops,and in ordinary. Building 16 ships rated At sea and 163 sloops,and in ordinary Building 30 ships rated More in 1821 than in 1792...... 260 rated, 14 ditto building, 40 sloops. Total expense in 7 years, from 1815 to 1821, both inclusive, for building and repairing ships, &c........... Expense of Salaries in the Dock-yards, including Pembroke— £.17,702,258 More for the salaries of officers £. 22,441 than for pay of men. Improvements in Dock-yards In three years, 1791, 1792, and 1793... £. 166,900 $ £. 1,195,846 more in the last Ditto 1819, 1821, and 1820... 1,362,746 than in the former 3 years. In 11 years, from 1811 to 1821, expended for works in Dock-yards......£. 4,264,598 Wanted to complete....... 1,254,648 Comparative Abstract of the Expense of the ARMY, Navy, and ÖRDNANCE of Great Britain and Ireland, in 1792 and 1821. Great Brit. Army Ordinary £.1,814,000 Great Brit. Army Ordinary £.7,941,513 Ireland 984,911 516,349 Ireland N. B. The total unredeemed debt of the country, funded and unfunded, is increased from £. 244,405,021, in 1792, to an annual charge for interest of £. 9,534,267. On the 5th January 1820, £. 836,946,923 at a charge of £.31,252,612 (exclusive of the Sinking Fund). Comparative Abstract of the ESTIMATES voted for the ARMY, Navy' and ORDNANCE, in the last five years, viz. from 1817 to 1821. Showing that the Estimates for 1821 are larger than any of the four preceding years except 1820. Abstract of the actual EXPENDITURE of the United Kingdom for the following years, ending the 31st December (from the annual Finance Accounts). In 1817... 1818............. In 1819 £. 69,448,399 1820............. 70,850,741 An Account of the INTEREST on the Funded Debt of the United Kingdom, and of the Exchequer and Treasury Bills: and the Charges of Management for the years (Exclusive of the amount paid to the commissioners of the Sinking Fund.) VOL. LXIII. U |