Evening Mail in London, Middlesex

Outline of measures to fund public service for 1798

In Parliament the Chancellor presents a provisional outline of how to defray expenses for the coming year. He cites Navy and Army costs, notes expected underums, and proposes a mix of savings, bank accommodation, and a large general tax estimated at seven million pounds, with exemptions for lower incomes. He warns that totals may shift with unforeseen events and outlines steps toward a 12 million loan if needed.