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what has been the Progress of the Permanent Revenue of Ireland during the same period, and what may be the expected future Annual Produce of the Taxes now existing in that country, what has been the total Expenditure of Ireland in each year of the period, distinguishing the Amount expended on account of the Joint Expenditure of Great Britain and Ireland, or which may appear to be still due on that account, and what was the amount of the Unfunded Debt and Demands outstanding and unprovided for, in Ireland, on the 5th of January 1815; and likewise to take into their consideration the Accounts relating to the Trade and Navigation of Ireland, during the same period; and to report the same to the House, together with their observations upon the whole r atters referred to them; and who were empowered to report their Opinion thereupon to the House ;
Have, in obedience to the commands of the House, and in the order prescribed by the reference, proceeded to examine the various matters submitted to their considera. tion; and have agreed to the following Report:
FUNDED DEBT OF IRELAND. The Increase and Redemption of the Public Funded Debt of Ireland, in each year for
the last twenty-four years, will appear from the following Statement :
A STATEMENT of the Amount of the Public Funded Debt of IRELAND, Redeemed
and Unredeemed, with the Annual Charge thereof; together with the Sinking Fund applicable to the Reduction of the Debt at the under-mentioned periods, and showing the proportion that the Sinking Fund bears to the Unredeemed Debt.
Years ended 25 March
63,138 51,150. - 114,288
64,838 51,150 - - 115,988
83,274 51,150 - - 134,424 1795 3,185,990 .
135,645 61,4461 - . 197,091 1796! 4,841,856
217,796 79,505 . . 297,301 | 1797 5,825,056
266,774 102,942 - - 369,7161 1798 10,128,906 80,025 10,048,881 424,173' 123,692 117,266 665,133 1799 16,508,790 S45,188 16,163,601] 645,307 129,018/ 192,899 967,226
1800 24,207,290 636,789 23,570,500 904,724 129,018 281,533 1,315,277
(1802 34,911,838 1,564,637 33,347,209|1,242,113 129,018 422,748 1,793,879
Years ended 5th January
And it appears that the total amount of the Public Funded Debt of Ireland was, on the 5th of January 1815, 127,865,0671., of which 22,455,4541, had been purchased by the commissioners for the Redemption of the National Debt, leaving a funded debt unredeemed, of 105,409,6131.
And it also appears, that the total annual charge of the said debt consists of 3,613,6751. interest on the unredeemed capital; of 207,4071. unexpired annuities, together with the annual sum of 2,087,8091. standing in the names of the commissioners for the Reduction of the National Debt; and which sum of 2,087,8091. consists of 67,6191., established by an Irish Act, 37 Geo. 3. cap. 27; -of 1,229,4321., being 11. per cent. on stock created in consequence of all subsequent loans ;-of 54,0431. expired annui. ties, and of 736,6851. interest on stock redeemed ; making a total charge for Interest, Annuities, and Sinking Fund, on 5th January 1815, of 5,908,8911.
But your Committee must here repeat ihe observation made by the Committee of 1812: “ That, in the foregoing account is not included the sum of 4,500,000l. British currency, borrowed for the service of Ireland, in the British loan of 1811, of which the interest has hitherto been defrayed by Great Britain, but without any distinct provision for the payment thereof having been made by Parliament in the usual way.”
PERMANENT REVENUE OF IRELAND. Your Committee have caused a detailed account to be prepared, of the gross and net produce of the ordinary or permanent Revenues of Ireland for the last twentyfour years, which will exhibit the annual progress of each branch of the Revenue from 25th March 1791 to 5th January 1815.
And your Committee beg leave to subjoin a COMPARATIVE Statement, showing the increase or diminution, on the total, of the gross and net permanent revenues, at the end of every three years during the same period.
25th Mar. 1791 | 1,805,964
1,184,684 - 1794 1,009,126
T117.679 - 1797 1,988,818 379,692
1,527,628 460,623 - 1800 3,445,718 1,456,900
2,805,536 1,277,908 5th Jan. 1803] 4,220,125 / 774,407 - - - 3,314,293 508,757
18061 4,193,915 . . .1 26,210 3,36 4,137 49,844
4,571,405 | 1,207,268
On this statement it is satisfactory to observe, that the net payments into the Exchequer, for the year ending January the 5th 1815, exceed those for the year ending on the same day 1812, by 1,300,000l.; and that the increase has been uniformly progressive since 1811.
And although your Committee cannot pretend to form any correct opinion as to what may be the actual produce of the existing laxes of Ireland in future years, subject as that must be to the influence of various causes connected with the general state of the empire; yet they are strongly induced to hope for a continued increase, founding their opinion on what has actually happened in recent times, on a full conviction of the growing prosperity of Ireland, and on a belief that improvements are yearly taking place in the financial collections and arrangements of that country.
EXPENDITURE. The next subject referred to the consideration of your Committee, is the “ Total Expenditure of Ireland in each year during the last twenty-four years; distinguishing the amount expended on account of the Joint Expenditure of Great Britain and Ireland, or which may appear to be due on that account, on 5th January 1815."
For the years antecedent to the Union, your Committee bave had recourse to the annual accounts laid before the Parliament of Ireland, and subsequently to the Journals of the United Parliament; from which they have extracted the following STATEMENT, exhibitiog the total expenditure in each of the twenty-four years. ABSTRACT of the Total EXPENDITURE of Ireland, from 25th March 1791 to 5th
January 1815, exclusive of the Charge for Management.
Joint Account EXPENDITURE
1,514,258 - - - 1793 1,467,570
1,467,570 - - - 1794 . 1,696,628
1,696,628 • • • 1795 . 2,594,110
2.594,110 - - - - 1796 . 3,023,149
3,02%. 149 • • 1797 3,311,702
3,311,702 • - - 1798 . 5,066,880
5,066,880 •' 1799 . 5,749,824
5,749,824 - - - 1800 . 7,201,231
7,201,231 3.Quarters to 1 Jan. 1801 . 5,046,307
5,046,307 Year ending 5 Jan, 1802 . 3,316,266 4,222,724 7,538,990
- - - 1803 - 3,014,507 3,419,244 6,433,751
6,682,418 - - - - 1805 .
2,685,387 5,358,377 8,043,764 1806 .
2,911,584 4,994,076 7,905,660 1807 3,307,210
4,901,073 8,208,289 1808 . 3,422,270
5,044,424 8,460,694 1809 - 3,584,414
5,453,819 9,033,233 1810 .
3,941,142 5,107,334 9,348,476
5,163,700 ? 4,539,425
11,290,208 1,587.083* )
4,857.9603 1814 • 5,282,063
13,326,433 * These Sums are Payments made on account of Balances due by Ireland to Great
Britain, on the Joint Account.
And with respect to expenditure on Joint Account since the Union, your Committee have prepared other Statements, on the principles adopted in 1812, giving a Balance due to Great Britain from Ireland on the 5th January 1815, of 1,656,3511. British currency, being part of the balance remaining unpaid on the Joint Account ending 51h January 1814; together with 4,451,6351, British currency, being so much underpaid by Ireland on her proportion of the expenditure for the year 1814, making together a balance due by Ireland to Great Britain, on the 5th of January 1815, of 6,107,9871. sterling, or in Irish currency, 6,616,986.
UNFUNDED DEBT AND DEMANDS OUTSTANDING,
on the 5th of January 1815. It appears from an account certified to your Committee, that on the 5th January 1815 a sum of 28,268l. remained due; but for which, provision has been made by several Acts of Parliament.
And there also remained due, but unprovided for, on the same day, Exchequer Bills at 5l. per cent. amounting to 2,708,750: If to this is added the sum of 6,616,9861. Irish currency, being the balance due by Ireland to Great Britain on the joint account, as before stated, a balance will be left outstanding on the 5th January 1815, of 9,325,7361.
But your Committee have to observe, that it appears, from a document laid before them, that, to meet this balance due to Great Britain, there was at the disposal of the Irish Exchequer on that day, a sum of 5,864,165l. of which 3,852,3831. actually lay in the British Exchequer, awaiting the forms of transfer to its proper bead, in discharge of contribution account; which sum of 5,864,1651. being deducted from the above sum of 9,325,7361., leaves the upfunded debt and demauds outstanding on 5th January 1815, 3,461,571l.; of which 2,708,750l. exist as Treasury Bills, provided with Interest and Sinking Fund.
TRADE AND NAVIGATION. · Your Committee next advert to the Trade and Navigation of Ireland ; and submit the following Accounts, taken from the Report of 1811, and continued to the present time.
The Total Official VALUE OF THE IMPORTS OF IRELAND, WAS
Ending 5th Jan. 1811 -1 5,464,951 658,071 932,192 7,055,214 - - • . - 1815 - 1 6,930,370 | 587,927 652,523 | 8,170,820
The Total Official VALUE OF THE EXPORTS -WAS
5th Jan. 1811 - 15,159,884 1304,954 458,557 15,525,606 397,507 15,923,113 - - - - 1815 - 15,731,119 443,781 1913,856 16,614,646| 474,110 17,088,756 Note.The Real Value of Exports Average of three Years to 5th January
........... £.11,607,610 Ditto ............ 5th January 1815, was .............................. 14,073,206
1811, was ...........
TOTAL NUMBER OF Ships, &c. WHICH ENTERED INWARDS.
• The Number of Vessels belonging to the several Ports of Ireland, on an Average of Three Years,
1800, • . was ... 1,009 51,358 4,937 1810, • . was ... 1,116
5,430 1915, - • Was ... 1,146
And the Number and Tonnage of Vessels Built and Registered in Ireland, on an Average of Three Years, - . viz. Ending 5th Jan. - . - 1790 ......
2,531 1801 .........
1,403 1815 ......