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THREE:The new British Parliament met on November 26, and Ministers were seen to have a powerful majority. The king announced, in his speech from the throne, that hostilities had broken out in India with Tippoo, and that a peace had been effected between Russia and Sweden, and he mentioned the endeavours that were in progress for restoring amity between the Emperor of Austria and his subjects in the Netherlands. In the debate on the Address in the Commons, Fox appeared inclined still to laud France, and to condemn our interference in the Netherlands. His eyes were not yet opened to the real danger from France, whose example was indeed exciting popular disturbances in the Netherlands and in Poland. Already the doctrines of Liberty and Equality had reached the ears of the negroes in St. Domingo, who had risen to claim the rights of man so amiably proclaimed by France, and the troops of France were on their way thither to endeavour to put them down, in direct contradiction of their own boasted political philosophy. In the Lords, Earl Grey��the father of the Whig statesman��on the 13th of December, called for the production of papers relating to Nootka Sound. The motion was negatived by two hundred and fifty-eight against one hundred and thirty-four votes. But the Marquis of Lansdowne contended that Spain had a right to the whole of the North American coast on which Nootka Sound is situated, and had had it since the reign of Queen Elizabeth. He asserted that we had insulted the weakness of Spain; and that Mr. Mears and the other projectors of the trading settlement of Nootka Sound were a set of young men of letters, seeking for novelties. He completely overlooked the provocations which[376] Spain had lately given us, and her endeavours to enter into a conjunction with France against us. He condemned Ministers for having alienated France, Spain, Russia, Denmark, and Sweden, overlooking the fact that they had made alliances with Prussia, Austria, Holland, and the Netherlands. Pitt's cousin, Lord Grenville, replied to this one-sided view of things, and proudly contrasted the position of Britain at this moment to what it was at the conclusion of the American War, when Lord Lansdowne himself, as Lord Shelburne, had been in the Ministry. Pitt, on the 15th of December, stated that the expenses of the late armament, and the sums necessary to keep up the increased number of soldiers and sailors for another year, before which they could not be well disbanded, owing to certain aspects of things abroad, would amount to something more than three millions, which he proposed to raise by increasing the taxes on sugar, on British and foreign spirits, malt, and game licences, as well as raising the assessed taxes, except the commutation and land taxes. He stated that there was a standing balance of six hundred thousand pounds to the credit of the Government in the Bank of England, which he proposed to appropriate to the discharge of part of the amount. He, moreover, introduced a variety of regulations to check the frauds practised in the taxes upon receipts and bills of exchange, which he calculated at three hundred thousand pounds per annum. With this, Parliament adjourned for the Christmas recess, and thus closed the eventful year of 1790.��Don��t forget,�� he called over his shoulder, ��if you can suspect me, I can suspect you��and Whiteside��and Dick��and Larry!��

THREE:"Like as not," Cairness agreed.FIVE-SHILLING PIECE OF THE SOUTH SEA COMPANY.