ich had been abandoned.

FINANCIAL STATEMENTS.

Mr. Canning brought forward the budget on the 1st of June. The method
which he adopted in his statement, was, to state first the financial
situation of the country at the end of the preceding year; then to
combine and compare that one year with the several years which had
preceded it; and finally, to suggest the provision to be made for the
service of the present year, and the grounds on which he felt himself
justified in looking forward with confidence to the result. By a review
of income and expenditure during the four past years, it appeared from
his statements, that, on an expenditure of L230,000,000, including the
annual sinking-fund of L5,000,000, there was an apparent deficiency
of L1,265,687. Against this, however, was to be placed the amount of
advances from the exchequer, either in loans to carry on public works,
or for beneficial purchases, which the public had in possession as
available securities for repayment. The amount of excess in these
advances for the four years, was near L2,000,000, so that in fact
there remained about L1,100,000, as a real surplus of income beyond
expenditure. Mr. Canning suggested the propriety of providing for the
temporary deficiency by an issue of exchequer-bills. The supplies
which he demanded for the year amounted to L57,500,000, including the
sinking-fund; and the various items of which they were composed were
all voted without opposition. At the conclusion of his statements Mr.
Canning said, that he intended to bring the expenditure of the country
to the lowest possible scale consistent with the public service, and
that it was the determination of government to apply their best efforts
to the matter, and to call the house into council on the subject. His
financial statements, indeed, were made with such ability and candour,
that they secured for him the confidence both of the house and the
country.

CORRUPT BOROUGHS.

As is usual in the first session of a new parliament, the reports
of election-committees disclosed scenes of gross bribery. Samples of
corruption were brought before the house by Colonel Maberly and Mr.
Sykes from the boroughs of Northampton and Leicester.

Enormous sums had been abstracted from corporation funds for the purpose
of defraying the expenses oL candidates for the boroughs. Colonel
Maberly moved, with reference to the borough of Northampton, that a
select committee be appointed to tak