THE immense accumulation of the Public Debts, and the depressed state of Public Credit, of the Revenue, and of the Funds, . at the close of the last War, together with the loss of several extensive and populous Colonies in North America, led some of the ablest and most experienced men in the Kingdom, not in general inclined to despondency, to doubt whether it would be possible for Great Britain, reduced apparently to the lowest ebb by a succession of misfortunes, and by expences unprecedented in any former time, ever to regain Prosperity at home or Influence abroad. The events, however, which have since happened, (hew as well the effect which may be produced by a resolution to encounter the difficulties of the most embarrassed situation, as the extent of the resources to be derived from a spirit of national industry and enterprise.

The Object of the following Statement is to direct the attention of the Public to the present circumstances of the Country, with respect to its Finances and Commerce, compared with the period above alluded to, as an inducement to perseverance in the same laudable exertions; and at the fame time to bring to recollection some of the principal measures which have contributed essentially to the restoration of our Credit, and to the increase of our Wealth and Trade.

It would be foreign to our purpose to trace the several ministerial changes which took place towards the close of the War, and upon the Pacification ; it is sufficient to remark, that the definitive treaty of Peace was signed in September 1783, and that die present Administration commenced at the close of the year: a memorable political struggle then prevailed during several months, and it was not till after the meeting of the new Parliament, in the spring 1784, that the Government was in a situation to propose efficient measures respecting the Revenues of the country.

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