William Pitt, the second son of the late Lord Chatham, delivered his first speech in the Commons, in favour of the bill introduced by Mr. Burke, on the subject of reform.

Lord North brought forward the budget on the 7th of March, containing the various items needful for the service of the year. The amount so calculated was _twenty-one millions of money_!--twelve of which were to be raised by loans, the terms being very high. From this bold imposition upon the public purse and credit, the ministry were much lowered in public opinion.

Secret History of the Court of England, from the Accession of George the Third to the Death of George the Fourth, Volume — Part 31

During this year, the brave General Washington struck that decisive blow which afterwards gave liberty to his countrymen. He kept General Clinton at New York, in constant alarm; and then suddenly appeared before York Town in full force, and obtained a grand victory over Lord Cornwallis, who was there with his army. The American war consequently became more unpopular than ever, and shortly after the meeting of parliament, in March,

Secret History of the Court of England, from the Accession of George the Third to the Death of George the Fourth, Volume — Part 31

a resolution was moved, and _passed without a division_, declaring that the House of Commons would consider as enemies to his majesty and the country all who should advise the prosecution of offensive war in North America!

Secret History of the Court of England, from the Accession of George the Third to the Death of George the Fourth, Volume — Part 31

Shortly after, Lord North resigned, and the Marquis of Rockingham was placed at the head of the new administration. Amongst the promotions at this time, was _Mr. Dunning!_ who, at _her majesty's request_, was created Baron Ashburton, and also Chancellor of the Duchy of Lancaster.

A treaty of peace was now entered into with General Washington, and Sir Guy Carleton was deputed to conduct the happy affair.

In the beginning of July, the unexpected death of the Marquis of Rockingham threw the whole cabinet into extreme disorder; and another resignation of ministers took place, on which occasion Mr. Pitt was constituted "Chancellor of the Exchequer," _although only twenty-three years of age_! Lord Shelburne accepted the office of premier, at the request of the king, which gave great offence to Mr. Fox and the Duke of Portland, who resigned. The country was little benefitted by this change, as the money required for the service of the year was more than twenty-four millions, of which thirteen had to be raised by loans.