The recess having terminated, the House met. The chancellor came forward to shew that the sovereign's pecuniary affairs were very much in arrear. After introducing his plan of finance, he was obliged to inform the House that certain taxes had been mortgaged by Mr. Pitt, (_who had now resigned_) for which the present minister must provide. To defray this expense, very heavy additional duties were imposed on beer, malt, hops, &c. A considerable addition was also made to the assessed taxes, and upon imports and exports. At this period, the whole of the "funded debt," including the loans of the present year, amounted to _five hundred and forty millions_, and the interest was annually _seventeen millions sterling_! On the 7th of May, Mr. Nichol moved that an address be presented to his majesty, thanking him for the removal of Mr. Pitt from his councils, when Lord Belgrave rose, and moved an amendment, expressive of the high approbation of that House respecting the character and conduct of the late minister and his colleagues! In the face of all opposition, Lord Belgrave's amendment was carried by more than _four to one_, as also a second motion, by Sir H. Mildmay, "that the _thanks_ of the House be given to the Right Hon. Mr. Pitt." This was assurance in perfection! These discussions only seemed to increase Mr. Pitt's popularity, and on the occasion of his next birth-day, Earl Spencer, late first lord of the Admiralty, gave as a toast to the company, "the pilot that weathered the storm," instead of "the pilot who _gathered_ the storm!" In the latter part of this year, much fear was excited, lest hostilities should again arise between France and England, on account of the ascendency of Buonaparte. At the commencement of the year 1803, the unhappy king, by the desire of his overbearing wife, directed a message to the House, recommending "the embarrassed state of the Prince of Wales to their attention," and, in consequence, sixty thousand pounds annually were further settled upon his royal highness, to continue for three years and a half. This sum, however, was not half sufficient to meet his lavish engagements; and therefore Mr. Calcraft had the hardihood to move, that "means be granted to enable the prince to resume his state and dignity!" But this inconsistent and insulting motion was "_too bad_," and, in defiance of even the boroughmongers, was negatived. The supplies voted for the public service this year amounted to above FIFTY-SIX MILLIONS! We really wonder of what materials Englishmen were composed to allow such iniquitous grants. Ministers again declared war with France, and men and money were in no inconsiderable request. The French Consul possessed himself of Hanover, and threatened an invasion of England, which frightened ministers to put the country in a state of defence. But was not this a political _ruse_?