At the end of each year, there are certain sums remaining in the hands of the Collectors and of the Receivers General, which have arisen from the revenues of the year: there are, also, bills, arising from the revenues of the preceding year, which have been transmitted to the Receivers General, but which, as they did not become due in that year, were brought to the account of the subsequent year. These two items constitute what are called the balances, and, together with the gross receipt of the revenues of the year, form the whole amount of revenue to be expended or otherwise accounted for, within the year. The balances which remained on the 5th Jan. 18c2, and which form part of that amount for the year ending on the 5th Jan. 1803, were £283,264. 1. 7 in the hands of Collectors; £822,818. 3. 92 in the hands of the Receivers General; and £122,215. 19. 10 in bills arising from the revenues of the year 1801, but not due until after the 5th of Jan. 1802.

The gross receipt is the whole amount of the sums which have been collected, under each branch of the revenue, during the year. That received during the year ending on the 5th of Jan. 1803, amounts to £67,937,093. 12. 9; (see second column) and was collected at the average rate of £4. 17. 9. per centum.

From the joint produce of the balances. remaining on the 5th Jan. 1802, and the gross receipts from that time to the 5th Jan. 1803, £3,920,920. 19. 3 were paid for re-payments, discounts, drawbacks and bounties of the nature of drawbacks, for the difference of exchange between Edinburgh, and London, for allowances to the Universities for almanacks, and for paper and parchment to stamp; £16,832. 8. 3. for the packet establishment, with the allowance to Ireland in lieu of packet postage, and for Irish postage received in Great Britain; and £1,982,079. 5. 10. for the charges of management.

These sums, deducted from the amount of the balances and gross receipt, leave a nett produce of £63,245,559. 4. 8. (see third column) to be applied to national objects and to payments in the Exchequer. The average rate at which this sum was collected was £5. 15. 6. per centum.

From this net produce, £125,640. 11. 9 were paid on account of militia and deserters' warrants, provisional cavalry, and the defence of the realm, and other objects connected therewith; £1,059.276. 4. 0. for bounties for promoting fisheries, linen manufactures, &c.; £37,313, 11. 10. for pensions out of the hereditary revenue, and perpetual pensions and stipends charged on the land revenue; £13,701. 1. 23. towards improving his Majesty's woods and forests; £131,004. 16. 5. by virtue of warrants from the Barons of the Exchequer in Scotland, towards the support of the civil government of that part of the kingdom; and £74,365. 2 104. for monies impressed in the hands of different persons, and advanced on account of the redemption of the land tax. £60,567,033. 9. 42. were, also, paid into the Exchequer. (See fourth column.)

All that remains after these expenditures should be paid into the Exchequer, but it generally happens that some portion of the revenues remains in the hands of collectors, and receivers, and some in bills which become due at a future period. The balances remaining on the 5th Jan. 1803, were £270,304. 17. 23. in the hands of collectors; £670,080. 6. 8. in the hands of Receivers General; and £29,839. 3. 24 in bills not due; the whole of which will be carried into the account of the revenues for the year ending on the 5th of Jan. 1804.

This general abstract is compiled from accounts presented to the Treasury from the Inspector General of Imports and Exports, Accomptant General of the ExciseOffice, Excise Office of Edinburgh, the Comptroller of Stamps, Office for Taxes, Accountant General of the Post Office, Receivers of the duties on pensions for England and Scotland, Receivers General of the land tax, Receiver General of his Majesty's household, Hackney Coach Office, Office for liceng hawkers and pedlars, Receiver General of the Alienation Office, Green Wax Office, Auditors of the land revenue for England and Wales. Sur, veyor General of the Land Office, Exche quer, and the Treasury Chambers.

The Consolidated Fund consists of the nett produce of all the permanent taxes, whether arising from customs, excise, stamps, letters, or assessments, including imprest monies, and monies repaid; which, indeed, make the whole of the usual public income of the country, except the produce of the annual land and malt tax, and the profits of the lottery. This consolidated fund is pledged for the payment of the interest, management, &c. of the national debt, and also of the civil list, and of the special grants, made by Parliament. Whatever, therefore, is, in the course of the year, brought into the consolidated fund, more than is required to answer the permanent charges, is called the surplus of the consolidated fund, and is, together with the annual land and malt tax, the lottery, and any other temporary resources, applied to the purpose of maintaining the army, navy, and ordnance, and to the discharge of such mis. cellaneous expenses as may arise within the year.

In making out the account of the conso

lidated fund, it is the custom to state, first the income arising from the taxes collected within the year, and on the other side, the charge on account of the national debt, civil list, and parliamentary grants; after which are stated, on the income side, such heads of receipt as do not regularly occur; and, on the expenditure side, those payments for which no permanent provision is made, and also those which casually occur. The right hand column on the expenditure side, shews the payments which will be necessary for the year after that for which the account is made out, unless the debt or civil list be increased.

The first item consists of the whole amount of the income of the consolidated fund which is applicable to the payment of the charge existing prior to the year 1793. -The second of duties which were im