House of Commons Journal Volume 11: 3 November 1696

Journal of the House of Commons: Volume 11, 1693-1697. Originally published by His Majesty's Stationery Office, London, 1803.

'House of Commons Journal Volume 11: 3 November 1696', in Journal of the House of Commons: Volume 11, 1693-1697, (London, 1803) pp. 573-575. British History Online https://www.british-history.ac.uk/commons-jrnl/vol11/pp573-575 [accessed 25 April 2024]

Martis, 3 die Novembris;

Octavo Gulielmi Tertii.

Prayers.

Supply Bill; importing and coining Guineas.

An ingrossed Bill for importing Guineas; and coining Gold at the Mint; was read the Third time.

Resolved, That the Bill do pass: And that the Title be, An Act for importing and coining Guineas and HalfGuineas.

Ordered, That Mr. Moore do carry the Bill to the Lords, and desire their Concurrence thereunto.

Navy Estimate.

Ordered, That the Estimate of the Charge of his Majesty's Navy for the Year 1697, and the List of the LandForces which his Majesty has now in his Pay, and which his Majesty thinks necessary to be continued, and maintained in England, and beyond Seas, for the Service of the Year 1697, be referred to the Committee of the whole House to whom it is referred to consider further of the Supply to be granted to his Majesty, for carrying on the War against France.

Deficiencies of the Funds, &c.

Mr. Harley, from the Commissioners for taking and stating the Publick Accounts, according to Order, presented to the House an Account of the Deficiencies of the Funds: And also,

An Account of the clipped Money delivered out of the Exchequer, to be melted; and the new Money paid in from the Mint; from the 17th Day of January 1695, to the 23d Day of October 1696.

And he delivered the same in at the Table: Where the same were read; and are as follow; viz.

An ACCOUNT of the Deficiencies of the Funds.

Double 9 d. a Barrel Excise, made a Fund; One Third appropriated to raise 570,000£. for building 27 Ships; and the other Two Thirds, for a Loan of a Million; on which was borrowed 999,815£. 0d. 2¾d.; and, by a Second Act, continued to the 17 May 1697; at the End of which Term it will fall short, by Estimation,



		£.
As to that Part which relates to the Ships	£.	103,000
As to that Part which relates to the Ships	8,000
As to the Loans, besides the Loss by Re-coinage of the Money, there will be an Increase of Interest; and the Deficiency may be about	95,000
Additional Impositions on Merchandize, granted for Four Years, from 1 March 1692, were made a Fund of Credit, at 8 per Cent. Interest, for 510,000£. Principal; and by the 1st Mar. 1696, when it expires, will fall short, besides the Loss of Coinage, about		430,000
First 4s. Aid, granted for the Year 1693; on which was borrowed, at Interest, 1,896,874£. 16s. 6 2/4.; and thereof remains unpaid, besides the Loss in Re-coining some Part, about		59,000
There was a Clause of Loan, at 7 per Cent. Interest, without Limitation of the Sum. Second Quarterly Poll, granted for the Service of the Year 1694; 569,293£. 19s. 7½d. borrowed on the Credit of the Exchequer in general; afterwards transferred to this Tax; of which remains unpaid, besides Loss by Coinage, about		80,000
Note, This Act had no Clause of Loan.
The Act to enlarge Time for purchasing Annuities to the 29th of September 1696, besides the growing Interest, will be deficient		366,000

The Duty on Paper and Parchment was given for Four Years, from the 28th of June 1694; was made a Fund for 330,000£. at 8 per Cent. Interest; and, by Estimation of what it hath hitherto produced, there will be a very considerable Deficiency at the End of the Term.

The Loans upon the Third 4s. Aid, granted for the Year 1695, when the Loss by Coinage is made good, will very near be satisfied by that Fund; but the Certainty cannot yet be known.

The Duties granted upon Coffee, Tea, Chocolate, and Spices, for Three Years, from the 1st May 1695, to pay 5 per Cent. Interest for the Debt due to Transport Ships for the Reducing of Ireland, hath not amounted to more than a Fourth Part of what was designed; which is submitted to the Consideration of the House.

Births, Burials, and Marriages, was granted 1st May 1695, to the 1st May 1700, with a borrowing Clause of 650,000£. with Interest at 8 per Cent. hath hitherto, unless very lately, answered but 2,000£. Principal Money; so that, at the End of that Term, there will be a great Deficiency.

The Fund of Salt, Glass, and Tobacco-pipes, not having raised the 2,564,000£. Principal Money designed, remains to be disposed of as the Parliament shall think sit.

The Duties upon Houses, for making good the Deficiency of the clipped Money, is granted for Seven Years, from the 25th March 1696: The Account of that Duty is not come in; so that an Estimate cannot yet be made of the Produce thereof.

What the last 4s. Aid will fall short in the Collection, and by reason of Interest, cannot be at present adjusted.

The Deficiency which will be in every Fund, by reason of the Re-coinage of the Money, cannot appear otherwise than by Estimates before the Coinage is finished; which being so near, there is now only delivered an Account of the present State of it.

The ACCOUNT of the clipped and new Money,



	Clipped Money delivered out.			New Money paid in.
	£.	s.	d.	£.	s.	d.
¾ Customs	3,093	10	2½	1,101	18	2
Surplus of new Customs	4,538	10	6	2,331	16	7
New Customs	275,477	4	—	124,464	16	8¼
East-India Goods	122,628	6	—½	54,859	14	1½
Wines	133,590	6	1	64,478	1	4
Tobacco	139,790	5	7	43,367	13	1½
Additional Impositions	31,603	4	9½	12,295	19	6½
2/7 Tonage	12,080	14	7	4,480	2	4
5/7 Tonage	33,986	4	6	13,194	13	2
Coffee, Tea, Chocolate, &c.	5,685	10	—	650	13	1
4½ per Cent.	1,100	—	—	628	3	1
Hereditary and Temporary Excise	20,177	—	—	67,877	19	11¼
Ditto for Tallies of Pro	161,772	14	11
²/3 Additional Excise	131,909	11	—	58,467	13	—¾
⅓ Additional Excise	54,799	15	—	22,937	8	7¼
99 Years Excise	127,180	4	—	58,505	17	3
Double Excise	53	—	—	31	2	7
Low Wines continued	2,730	—	—	1,441	9	3
Low Wines and Sweets	1,239	—	—	665	10	3
First 4s. Aid	6,843	17	10½	2,392	1	—
Second 4 s. Aid	11,281	—	—	2,214	12	7
Third 4 s. Aid	772,523	4	9	359,290	13	10½
Fourth 4 s. Aid	1,384,712	2	5	364,777	6	11
First Quarterly Poll	84	9	—
Second Quarterly Poll	18,896	1	2	6,690	2	—
Review of the Quarterly Poll	6	—	—
Duty on Salt	42,352	—	—	15,088	3	9¾
Paper, Parchment, &c.	51,284	15	2	21,611	11	—¼
Coals, & c.	23,304	5	—	9,313	4	3¼
Marriages, & c.	40,598	4	—	7,458	17	6
Glass, & c.	1,327	16	—
Hackney Coaches	1,537	—	—	748	16	3
Letter-Money	23,300	—	—	8,149	14	4
Tenths	2,473	8	5	306	12	1
Duchy of Cornwall	3,201	10	—	687	18	9
Seizures	3,694	—	—	594	12	6
Receivers-General	666	16	—	69	13	—
Compositions	350	—	—
Proffers	532	—	2	146	10	5
Coinage	3,100	—	—
Rent of Grants	275	—	—
King's-Bench Fines	117	—	—
Lotteries	1,818	15	—
Alienations	2,320	—	—
Annuities	7,631	—	—	3,953	10	3¼
Imprest-money repaid for the Navy	109,084	—	—	52,256	6	7
Imprest-money repaid for the Army	13,500	—	—
Loans on the Fourth 4s. Aid	278,760	—	—	139,451	1	3
Loans on Second continued Impositions on Wines, & c.	366,585	—	—	151,991	18	1
Loans on low Wines and Sweets	69,959	—	—	37,697	11	10
Loans on Annuities	189,717	—	—	98,856	8	3
Loans on Exchequer General for clipped Money	16,760	13	6
D° to be repaid, a Moiety, at Re-coining	9,297	—	5
Loans on Salt for clipped Money	272	14	8½
£.	4,721,600	14	9½	1,815,527	19	3½

Failure of Salt Duties, &c.

Ordered, That the Commissioners of his Majesty's Treasury do lay before this House an Account, how the Two Millions Five hundred Sixty-four thousand Pounds, designed to be raised by the Act, passed the last Session, for laying Duties on Salt, Glass, and Tobacco-pipes, came to fail.

Deficiencies of the Funds.

A Motion being made, and the Question being put, That the Returns made by the Commissioners of Accounts, giving an Account of the Deficiencies of the Funds, be referred to the Committee of the whole House, to whom is referred the Consideration of the Supply to be granted to his Majesty, for carrying on the War against France;

The House divided.

The Yeas go forth.



Tellers for the Yeas,	Sir John Bolles, Sir Robert Cotton:	54.
Tellers for the Noes,	Lord Coningsby, Sir Tho. Pope Blount:	271.

So it passed in the Negative.

Resolved, That this House will, upon Saturday Morning next, resolve itself into a Committee of the whole House, to consider of the Returns made by the Commissioners of Accounts of the Deficiencies of the Funds.

Supply.

Then the House, according to the Order of the Day, resolved itself into a Committee of the whole House, to consider further of the Supply to be granted to his Majesty, for carrying on the War against France.

Mr. Speaker left the Chair.

Sir Tho. Littleton took the Chair of the Committee.

Mr. Speaker resumed the Chair.

Sir Tho. Littleton reported from the said Committee, That they had sat, and considered the Estimates for the Navy, and Land-Forces: and had come to several Resolutions; which they had directed him to report, when the House will please to receive the same.

Ordered, That the said Report be made To-morrow Morning.

And then the House adjourned till To-morrow Morning, Nine a Clock.