is idea,
which will not be disputed, and compare the interest paid by England
with that paid by France:
Interest paid by France, funded and
unfunded, for perpetuity or on lives,
after the tax of 10 per cent L6,500,000
Interest paid by England, as stated by
the author, p. 27 4,600,000
----------
Interest paid by France exceeds that
paid by England L1,900,000
The author cannot complain, that I state the interest paid by England as
too low. He takes it himself as the extremest term. Nobody who knows
anything of the French finances will affirm that I state the interest
paid by that kingdom too high. It might be easily proved to amount to a
great deal more: even this is near two millions above what is paid by
England.
There are three standards to judge of the good condition of a nation
with regard to its finances. 1st, The relief of the people. 2nd, The
equality of supplies to establishments. 3rd, The state of public credit.
Try France on all these standards.
Although our author very liberally administers relief to the people of
France, its government has not been altogether so gracious. Since the
peace, she has taken off but a single _vingtieme_, or shilling in the
pound, and some small matter in the capitation. But, if the government
has relieved them in one point, it has only burdened them the more
heavily in another. The _Taille_,[65] that grievous and destructive
imposition, which all their financiers lament, without being able to
remove or to replace, has been augmented no less than six millions of
livres, or 270,000 pounds English. A further augmentation of this or
other duties is now talked of; and it is certainly necessary to their
affairs: so exceedingly remote from either truth or verisimilitude is
the author's amazing assertion, _that the burdens of France in the war
were in a great measure temporary, and must be greatly diminished by a
few years of peace_.
In the next place, if the people of France are not lightened of taxes,
so neither is the state disburdened of charges. I speak from very good
information, that the annual income of that state is at this day thirty
millions of livres, or 1,350,000_l._ sterling, short of a provision for
their ordinary peace establishment; so far are they from the attempt or
even hope to discharge any part of the capital of the
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