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The New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
What is this article about?
On July 2, Mr. Pitt detailed national expenditures including 104,000l for navy extraordinaries, 398,000l for army, and others totaling supplies for the year. He proposed raising funds via land and malt taxes (2,750,000l), lottery (500,000l), annuities, sinking fund, and new duties on tobacco, newspapers, etc., aggregating 573,000l in new taxation.
Merged-components note: Continuation across pages of the report on Mr. Pitt's account of national expenditures.
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104,000l for extraordinaries of the navy.
398,000l for the army.
80,000l Armament in the East-Indies
459,000l Ordnance.
56,000l Convicts.
313,000l American loyalists.
55,000l Different bonds.
350,000l Land and malt tax.
24,927l Plantation exigencies.
330,000l Deficiency of grants of 1788.
216,000l Prince of Wales' debts.
35,000l Building at Carleton-house.
80,000l Foreign secret service.
The mode in which he meant to produce the required sums, was by taxes on Land and malt,
L.2,750,000
By lottery.
500,000
By short annuities,
187,000
Growing produce of sinking fund, from April, 1788, to 1789, 1,530,000
Tobacco produced under excise,350,000
Augmentation of duties on Newspapers and advertisements,
17,000
Of Probates of Wills,
5,000
Legacies,
9,000
An additional duty on each pack of cards, dice, coaches, chaises and horses, comprehend all the new objects of taxation; which, taken in the aggregate, amounted to 573,000l. being the total of the supplies necessary for the services of the current year.
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What entities or persons were involved?
Foreign News Details
Event Date
July 2
Key Persons
Outcome
total new taxation amounting to 573,000l to cover supplies for the current year.
Event Details
Mr. Pitt provided a detailed account of national expenditures broken down into specific articles including navy, army, East-Indies armament, ordnance, convicts, American loyalists, bonds, taxes, plantation exigencies, deficiencies, Prince of Wales' debts, building, and foreign secret service. He outlined funding through land and malt taxes, lottery, annuities, sinking fund produce, tobacco excise, and augmentations on newspapers, advertisements, probates, legacies, and duties on cards, dice, coaches, chaises, and horses.