NAVIGATION OF THE UNITED KINGDOM-continued. VESSELS EMPLOYED IN THE FOREIGN TRADE.-An Account of the Number of VESSELS, with the Amount of 1 Years ending Mr. Hume's Statement of the Actual EXPENDITURE of the UNITED KINGDOM, for the four Years ending the 5th of January, 1821, as taken from the Annual Finance Accounts laid before Parliament. clusive of the Sinking Fund..58,544,049 57,882,428 57,392,544 57,476,755 Sinking Fund 14,518,291 15,352,766 16,305,591 17,510,629 Amount of Expenditure, in cluding the Sinking Fund 73,062,340 75,225,194 73,698,135 75,987,384 Statement of the Actual Revenue of the United Kingdom of GREAT BRITAIN and IRELAND (Drawbacks, and Bounties of the Nature of Drawbacks, excluded), for the Years 1817 to 1820, both inclusive, ending 5th of January, 1821: distinguishing the several Heads of Income, and Great Britain from Ireland, in each Year. 50,931,463 16 4 54,445,597 17 10 53,448.681 1 24 55,840,806 13 10 Lottery......... Unclaimed Dividends Imprests, &c... Viz. Total income, exclusive of Loans, for the four years... Total nett surplus of Revenue of the United Kingdom in the four years.. 58,680,251 12 10 59,769,680 4 11 57,392,544 00 57,476,755 0 0 £.295,768,462 231,285,776 4,482,686 If there had been no Sinking Fund, no Loans would have been required, as the Revenue of the four years, 1817 to 1820 (to the 5th January, 1821), hoth inclusive, was £.4,482,686 more than the Expenditure, which ought to have effected a reduction 3 per cents being on an average at 2.70 per €.100) of £.192,117 of Annual Dividend and, an E2014 of wnual charge for annuities and land-tax redeemed has been diminished, the reduction of the Annual charge of the Fanded Debt ought to have been to the amount of 2.400,000 in Lust, whereas the charge has been herensed, instead of diminished. 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 28,873,658 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 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 |