Page:Encyclopædia Britannica, Ninth Edition, v. 4.djvu/487

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BUD—BUD
439

Tindal s nephew and nearest heir, the continuator of Rapin s

History of England. Hence the satirist—

"Let Budgell charge low Grub Street on my quill, And write whate er lie please except my will."

It was thought that he had some hand in publishing Dr Tindal s Christianity as Old as the Creation ; for he often talked of an additional volume on the subject, but never published it. After the cessation of the Bee, he became so involved in lawsuits that he was reduced to very distressing straits. He then studied law, and was called to the bar, attending the courts for some time ; but being unable to make any progress, and finding his prospects utterly ruined, he determined to put an end to his life. Accordingly, in 1736, he took a boat at Somerset-stairs, after filling his pockets with stones, ordered the waterman to shoot the bridge, and while the boat was passing under it threw him self into the river. On his desk was found a slip of paper with the words " What Cato did, and Addison approved, cannot be wrong."

Besides the works mentioned above, he wrote a transla tion of the Characters of Theophrastus He never mar ried, but left one natural daughter, who afterwards assumed his name, and became an actress at Drury Lane.

BUDGET (lit. a bag or small sack), the name applied to an account of the ways and means by which a minister of finance purposes to defray the expenditure of the state. In the United Kingdom the chancellor of the exchequer, usually in April, lays before the House of Commons a statement of the actual results of revenue and expenditure in the past finance year ending March 31, showing how far his estimates have been realized, and what surplus or deficit there has been in the income as compared with the expendi ture. This is accompanied by another statement in which the chancellor gives an estimate of what the produce of the revenue may be in the year just entered upon, supposing the taxes and duties to remain as they were" in the past year, and also an estimate of what the expenditure will be in the current year. If the estimated revenue, after allowing for normal increase of the principal sources of income, be less than the estimated expenditure, this is deemed a case for the imposition of some new, or the increase of some existing, tax or taxes. On the other hand, if the estimated revenue shows a large surplus over the estimated expenditure, there is room for remitting or reducing some tax or taxes, and the extent of this relief is generally limited to the amount of surplus realized in the previous year. The chancellor of the exchequer has to take parliament into confidence on his estimates, both as regards revenue and expenditure ; and when the taxation and expenditure obtain the assent of parliament, the results as thus adjusted become the final budget estimate for the year. This system of annual review and adjustment of the public finances obtains not only in the British colonies, but is carried out, with remarkable despatch for so great an empire, in British India. The Indian budget, giving the results of income and expenditure in the year ending December 31, and the prospective estimates, is laid before the Imperial Parliament in the course of the ensuing session. The budget, though modified by different forms, has also long been practised in France, the United States, and other constitutional countries, and of late years lias in some cases been adopted by arbitrary powers. Russia began the publication of annual budgets in 18G6 ; Egypt has followed the example ; and Turkey, if financially reinstated, will have to submit to a more strict account of her income and expenditure. Apart from national budgets, to be discriminated (1) as budgets passing under parlia mentary scrutiny and debate from year to year, and (2) budgets emitted on executive authority, there are in all the greater countries local and municipal taxations and expendi tures of only less account than the national. The ordinary budget of the city of Paris has increased from 1,600,000 in the reign of Louis Philippe to 8,000,000 at the present time ; while the extraordinary budget, relating chiefly to public improvements and the city debt, is over 4,000,000 more. In federal governments, such as the United States, the German Empire, or the Argentine Republic, the budgets of the several states of the federation have to be consulted, as well as the federal budget, for a knowledge of the finances. The local taxation of the United Kingdom is equal to nearly one half the imperial revenue, and requires in its various provinces the same process of examination. The budget is an essential part of the machinery of representative Governments ; and in the rapid progress of state loans, it has begun to be acknow ledged by despotic Governments as a necessary basis of confidence between them and their creditors.

BUDWEIS (in Bohemian, Ceske Budegovice) the capital of a circle in the Austrian kingdom of Bohemia, is situated on the right bank of the Moldau, at its junction with the Maltsch, in 48 59 N. lat. and 14 30 E. long. It is well built and partially fortified. Chief among its public buildings are the council house a handsome structure, and the cathedral, with a great detached tower, built in 1500: it has also an episcopal palace, two gymnasiums, a theological seminary, a training college, a deaf and dumb institution, a theatre, a hospital, and a poorhouse ; and a short distance to the north stands the castle of Frauenburg, belonging to Prince Schwarzenberg. Its manufactures are very various, and comprise pottery, nails, wire, parquetry, musical instruments, black-lead pencils, sugar, beer, vinegar, and liqueurs. There are silver and gold mines in the mountains to the east of the town, which are still worked with considerable profit. The railway from Budweis to Linz, laid in 1827 for horse-cars, was the first line con structed in Germany. Budweis was founded by Ottocar II. in 1256, and was received into the number of privileged cities by Frederick II. In 1611 the town was captured by the people of Passau, but was retaken by the imperial general Bouquoi. In 1742, it was besieged by the Bavarians. Population in 1869, 17,413.

BUENOS AYRES, the largest and most important province of the Argentine Republic, is bounded on the N. by the Parana, which separates it from the province of Entre Rios, and by the provinces of Santa Fe , Cordova, and San Luis ; on the E. by the Atlantic ; on the S. by Patagonia ; and on the S. and W. by the country of the Indians, which extends westwards to the Andes. The area of the province is estimated at about 440,000 square miles. Its seaboard along the Rio de la Plata and the ocean is upwards of 900 miles in length. According to the last census of 1869 the population was 488,706, of which 171,404 belong to the city of Buenos Ayres ; in the present year (1876) it may be estimated at 600,000, of which 220,000 belong to the city, and 380,000 to the province. By the last returns the number of immigrants is from 60,000 to 90,000 per annum, the greater part of whom remain in the province of Buenos Ayres.

The general aspect of the country, as viewed from the

sea, is eminently uninteresting. From the mouth of the Plata to the Bahia Blanca the sea-line presents an unbroken series of sand-dunes, varied here and there with low ridges of rock. From this latter point to the Patagonian frontier, the aspect of the coast is less monotonous, though equally destitute of life or interest. Though Buenos Ayres is the only province of the Argentine Republic that borders upon the sea, and though all the exports and imports of the country pass through it, it possesses very few harbours. One of these (that of the city of Buenos Ayres) is extremely

bad; another (that of Bahia Blanca, near the southern