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TWO:The complaints of agricultural distress prevalent in England, with the sudden reaction from war prices at the establishment of peace, had become so loud and general this year that Parliament undertook to find a remedy. An agricultural committee had been appointed to inquire into the subject, and had produced a report which was far from satisfactory. On the 29th of April the House of Commons resolved itself into a committee to consider the report. Three different schemes were proposed for the relief of the farmers and landlords��the first by the Marquis of Londonderry, the second by Mr. Ricardo, and the third by Mr. Huskisson. There was no scarcity of produce in England; on the contrary, it was very abundant, and the evil that oppressed the farmers was excessive cheapness, by which they were disabled from paying the high rents and heavy taxation entailed by the war. Some of the remedies proposed were sufficiently radical in their character. The most natural was the reduction of taxation by means of retrenchment in the public expenditure. Some proposed that the tithes should be alienated from the Church, and used for the purpose of reducing the national burdens. The largest party insisted upon the reduction of the interest of the National Debt, which was defended as an equitable measure on the ground of the increased value of the currency since the passing of Peel's Bill for the resumption of cash payments. The plan of relief proposed by Lord Londonderry consisted of the repeal of the annual malt tax, and the loan of a million by Exchequer Bills to the landed interest upon the security of warehoused corn.

THREE:

FORE:

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FORE:

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FORE:In this utter desertion, the king prevailed on Lord North, who was already Chancellor of the Exchequer, to accept Grafton's post of First Lord of the Treasury, with the Premiership. Lord North, eldest son of the Earl of Guildford, was a man of a remarkably mild and pleasant temper, of sound sense, and highly honourable character. He was ungainly in his person and plain of countenance, but he was well versed in the business of Parliament, and particularly dexterous in tagging to motions of the Opposition some paragraph or other which neutralised the whole, or turned it even against them. He was exceedingly near-sighted, so much so, that he once carried off the wig of the old Secretary of the Navy, who sat near him in the House. For the rest, he was of so somnolent a nature that he was frequently seen nodding in the House when Opposition members were pouring out all the vials of their wrath on his head. He thought himself a Whig, but if we are to class him by his principles and his acts of administration, we must pronounce him a Tory.

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