eakers for
the motion were Messrs. Wyse, Charles Wood, Smythe, Mr. J. O'Con-nell,
Captain Rous, and Viscount Howick; against it, Lord Eliot, Sirs J.
Graham and R. Peel, and Messrs. B. Cochrane, Lascelles, and Colquhoun.
On a division the motion was negatived, by a majority of two hundred and
forty-three against one hundred and sixty-four.

FINANCIAL STATEMENTS.

Mr. Goulburn made his annual statement of ways and means on the 8th of
May. His statements were by no means cheering. The revenue, he said,
calculated upon by Sir Robert Peel for the year, from the customs, had
been L22,000,000, but the actual produce had only reached L21,750,000.
On the estimated produce of the excise, there had also been a deficiency
of L1,200,000; and upon the whole the revenue had fallen short of the
estimate by somewhat more than L2,000,000. That defalcation, however,
had been diminished to about L1,250,000, by a payment from China of
about L725,000. Against the deficiency thus constituted also was to be
set the produce of the income-tax, which had exceeded the expectation
formed of it: the net revenue from that source would be about
L5,100,000. It might be asked, Mr. Goulburn continued, in what way he
intended to meet the deficiency:--he had no new measure to propose; his
calculation was, that the causes which had occasioned the deficiency
of the last year were of a temporary character; that in the next and
subsequent years there would be a surplus of revenue, and out of that he
proposed to discharge the deficiency of the past year. Mr. Goulburn next
proceeded to present his estimate for the ensuing year. There were two
heavy charges, he said, which did not form part of the ordinary expenses
of the year--the one a payment of L800,000 to the owners of opium seized
in China; the other a payment of L1,250,000 to the East India Company,
on account of expenses borne by them for the Chinese war. He proposed
to advance the money requisite for these two payments, and to take
repayment from the future remittances of China. The total estimate of
revenue stated by Mr. Goulburn was L50,150,000, in which, however, he
included a sum of L870,000 from the Chinese government; and the
total estimated outlay was L49,387,645, which being deducted from the
L50,150,000, would leave a surplus of L762,000 in favour of revenue
above expenditure. In conclusion, the chancellor of the exchequer said,
that though he was not in a condition to make a flattering s