d the two other Comptrollers of army accounts were appointed the Commissioners.
VIEW OF LONDON FROM THE TOWER TO LONDON BRIDGE IN THE LATTER PART OF THE 18TH CENTURY. (After the Picture by Maurer.)
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The great financial questions of 1786 were the Duke of Richmond’s plan of fortifying Portsmouth and Plymouth, and Pitt’s proposal of a sinking fund to pay off the national debt, an excise duty on wines, and Pitt’s commercial treaty with France. During the previous Session the Duke of Richmond, Master-General of the Ordnance, had proposed a plan of fortifying these large arsenals, so that, in the supposed absence 杭州按摩好的地方 of our fleet on some great occasion, they would be left under the protection of regiments of militia, for whom enormous barracks were to be erected. A board of officers had been appointed to inquire into the advantages of the plan, and their report was now brought up on the 27th of February, and introduced by Mr. Pitt, who moved that the plan be adopted. This scheme was strongly opposed by General Burgoyne, Colonel Barré, and others. Mr. Bastard moved an amendment declaring the proposed fortifications inexpedient. He said the militia had been called the school of the army, but to shut them up in these strongholds, separate from their fellow-subjects, was the way to convert them into universities for pr?torian bands. He protested against taking the defence of the nation from our brave fleet and conferring it on military garrisons; tearing 杭州按摩店在哪里 the ensign of British glory from the mast-head, and fixing a standard on the ramparts of a fort. The Bill was rejected, Fox, Sheridan, Windham, and all the leading Oppositionists
declaiming against it.
On the 21st of March a Committee which had been appointed early in the Session to inquire into the public income and expenditure, and to suggest what might in future be calculated on as the clear revenue, presented its report through Mr. Grenville, their chairman. On the 29th, Pitt, in a Committee of the whole House, entered upon the subject, and detailed the 杭州按摩好去处 particulars of a plan to diminish progressively and steadily the further debt. It appeared from the report of the select Committee that there was, at present, a clear surplus revenue of nine hundred thousand pounds sterling, and that this surplus could, without any great additional 杭州按摩一条街 burthen to the public, be made a million per annum. This he declared to be an unexpected state of financial vigour after so long and unfortunate a war. The plan which he proposed was to pay two hundred and fifty thousand pounds quarterly into the hands of Commissioners appointed for the purpose to purchase stock to that amount, which was under par, or to pay stock above par, and thus cancel so much debt. In addition to this, the annuities for lives, or for limited terms, would gradually cancel another portion. All dividends arising from such purchases were 杭州按摩那家好 to be similarly applied. Pitt calculated that by this process, and by the compound interest on the savings to the revenue by it, in twenty-eight years no less than four millions sterling per ann