The Express. — London, England, 1858-05-04 00:00:00

, IN ~~.-- - z EWSPAPER E t:;! . _ 1111 4 11 . ,,yji S sau ' • t (Ettprt _ A- ".'—elic,_ -51. No. $,6554 THONSON and Oes LONDON LINE if 1.1:1111,1 bees Loin is ACIPPILaLIyis. et Owl =ems Nod wet Isis. our obi& an ilesslon es ow so en yolk sea inossims IBM IksirsiNs iir= i 2resid twerst senloolm =Lame Mal sal as. leismo LC. SOB NNW YORK s o Lv er ith murb iasaadiate despatch), l a swarm Nowlin MO MAT 11.12 NUT 2 1 • I. moNWOM: IM ii" Dneka 4 mils I, ago W sod Oa. Forimal. gleam Fte NEW TOM Direst, mad the rid dierir, mho ft Orris Wei.-11•1 id V . sad PHILADItifd IA *TIIIIIIIIIIIIP CI :WA frITIMPOO Ibi t rva-rartz...a. Cll7 W/11111110T011.... ...... . weahmia, Ida; LI. LUIOAIOO . ......... Wedimisr . II Id cnn d IPALTIIioIiJi: ........ wed...9W jZ, eareeeese 17. -a rd t l r e ll•W W"."" amcdl4lo esedamoda. 111 11%11=Legrelidiresied them" se MY "d fMeie " Leadoa. MVANDERBILT EUROPEAN STEAM 1161PIJ0 11, MIMI MAIL MLILM Om esalmapas at lamb NW Tak. no 110/I.TB KAI. TEND TIIMILTA0(113, Yea oaf baaaas . um. Al. 0 Caws Le (MOW," 1.... rd b a r r ww. or sie LULT , SVAICSMII ad UN lar•war. all Ina 1101:9=140. fa Ou a MI 1 IF TO Naar: . x sr x • = la 0( .. 0 .41. Vaai1k Ma . . ,iorMill: Ilri db...et er . 111; Pt Sank sod Ana. lak dug. F 1 Pi rt Ll* 'will. 0412 to Mar e aX•abansi, 11.0 8.61 . 11 1 N. OBIAIII: aill i rlTUl. ll lllM MOMlllMAll2.at s loo, lll4 Zesl rldn aaarlorasa likonra. k rimen VERLAND ROUTE, —WERILLY COMMU ICATIOS I. MIMI to INDIA. bc., vsl WWII se4l 011111j1TAi. /TRAY 111•Yliagrel"ON WWI IP QAIS mein mob awl pond. tar Ye Many .06•114. Os OM% air auiriaram lbe Oh ptS2ll,....i.rfts Admool lhoUlli sad VII It IMPAIONS: 44 1 1 .1. 40= 6 . a la:11= 1. di."l.l°ll. k ik. MIORATION to CANADA ood the UNITED owc a+ o oz e rve t toz. w md sermons . arm gso cw . t A t bow pssiont tank least lira" ibt premitt . e. M 1 4 111•111 Pima =get TV p . ONDON tad NANTES LINE of STEAMERS god CLIPPIZIL-00.e. — 14 .• tkII vinel CITY of NAITO. Comb . domed • I Iwo leaden Ow Ileston tbellikkoll of every Nandi. makes Lk NW MI. nese* MID by meg* br .. rs. sal ikoror min t=zar a. LlLlGTON dlobe ••• WILLOL, L 0 Mtn ak.. IA To be BOLD (a beryls) 818 superior built SOW, era almiatales lc In* -t o r. ‘. • Or Rawls vi s: . :Th1111011D W Ow , Ilvilests, O. emarkesii. fIRTBTAL PALACM—TSMORROW.—The 1 1.3 WOE Ver : NV .or bed the brow et 8.4 r. 21 dr aPI Iglrag i ra r " rim 10 Ir C4O rosary el = al Ibrie rigor M T = I TV= ikal ar m . I res .. daily essear , 'l L : mds. rojko rot Err: & Ikas Is re more Ma . =bdoor rorks • mil. Or qtYSTAL PA LACIL—NOTICE.—PaIzons and Wm rielulio le dr NATIONAL OCROOL MORAL IP arm • et &Me 011111011 X es SATURDAY eget. lee la el Nab. an bedeV 4. laid ., 0 le air Is ie gilmeS deize= de . : b nA a llz 1 7 = 4. = . red be bed se the Ordeel Mess. leitinel k ee lig lbe unal =ll, nir :UK a. Walleil. mon BLANC II OPEN TO.? OHT. MOMR DAILY. ONE SHILLING. 00, arr. iftermrs. Pram Ilewerlis. M.. M. R alw liam It. of KM OKRMAN =EDI NEW TAIXIOgr era ilioloo al we to =al WMoar:rat ail Ationose oat 141.1. to amood taboos woo IMMO at the Sopa tt nogiotalsool; awl et Ofoner.ll./a. sal It oontaa. DILRAHN'S ANATOMICAL sad PATH°. LOG ICA L 3 TiebbenrAlso*, *pod* as amp usama LIIOPUZIP DAILY by Dr. £ st I am gorier no m sod ea Diem of Jr Okla it II Om* s t ir m az AM, a te a, KAM • if oft if MINIM ate Pia hal in maps. al is Nem" LEVIATHAN PLATFORM at MOH -11,11/101 II NOW OM. Or INlZlNspeolb Gesember GEGON ; 31. 11 M. Gs Imam WM. ItPANIBII MANTILLAS,-_A lam ow of then 011sol*WI MAIM. Imit Impels/ lOW boa llosakas. Innr 111=1:4==b4er . ism ISO moms. Is imolai =eahlhulr i t Tlrs . . 4 . 1 1: 1 1 . • Was& norm Ind Oa, unopiso=" POS*Esot. k to. MOWS WATCBIIB.-- 0 The qualities of his samarium mad Waose—nwohn hivwdsw. "Ilko Wm thew of wy saw lira* Ewe. *-01ftwor. we Wrap Ow ' lOwoosts IIIoWWW lowoolow lob albs rowillo 1. So podiums • loud: ir=lbow II le w ..,.. ... 18111 •Wlelli* lIM 011111110111$11ii SO MN 11.11 it ke„,e 4 ,W l2: =. 1 •1 4 0.•`• 'arai..4l-1770.1"7-‘7" N. EARNS OPICTACLU, the n em MOM* 6=ll.:Xp= A ss = —llreles Pssurt for We nen. an lola cl t rus OIL t m argan • eilli Tralloo—Wilg MIK ambwe E. A I HEAD of HAIR, the Baud. Whiskers, see weesseem—ts b am _ ta . Pr u bl i tCASlAljltb On WI . bib sh... lb wry W e r= .... bk , 1= 0. 7 184 : as b, MW a timalli: biz, Amt. —0•116•EIF 13.:1," S. is sob II" si reib= "..... tit a r II AMINO Mai Pw iLtuAry SAMI INEDICATKD V MIMI, a curtain ameams.-4•61 ea= Ter Ge. •01 e'aM tgrig =im WM et 01.1•1014 al &KATI:NOV COUGH LOZENOWL—Recout Tallossisl km s = 7 " . lll.2esswissliest. Lwriss. Nava 114—I Owl mei I Iwo miss& 61IM Mr 13•110 1. 1= 1. I= is do WI sr Mon stem mild. me pm. aid INS se Is . Ss ww own ismr . S 2 1 .. 24 1. 117very &WS As m i, AN a il i m= ,..d. ssita NSW Vw ail Sissslss. Proceeded Lessees T i P l eres al ! l e gAA. ,,... oroore. op •••••• by b rie iald re is I P. es , d MO trii COONS it Waft% re& '-- illehLres:. "ll=. l =2= a rsr k , theitmai 60. ••••••••* NM mikilfals• In `mild i.v. Midi amnia ton so Ins 16••••1 so mit et lb• WPM it • nil pieta Ilii Mb* poi Com•ls•mal rOm•I• tar Ilei =rare yard. It• 6410 1 tra• .16 imiroam is In 1•••lis. moill NM woo li al Ir. over . /r% Is Was weld •••••• pow% Wow., Xis I. at MM lc; leo los•% wed d •Il mur oar lie •• Ow WY ll* um -411041 Is L av Ipm sem M.*. main . •••••13*. ; sal air miss* le . r 4‘. PA 5t ... e .. . 4 . 6 . za ....p. . •••••: /,•~. serl Mammy Clacama, Losnoc—The Combed taw eppsheee Mr. Z. litzthall. el Ikairorri, who for yens has hold dr m.. et seislogrompees le task to she ta de the ft 'sipl6, a aim d es is mpg mime ism •Ai Miss a Mr hal of ilie W~mmrs Nimmuril al Oisliai I, i i.e.,, at they ewe swill to bt Ifiedmietf Lei- Itee el heiteere P add the litmessitd Lesleato of lisemitester, tad ihe Illosholia indiems d the them gills ruhareF oin er t elm lib to et the vase 4 iloil to be pesheesl el& lie men et puies Mi ami 4 Tim applialismo imue Ifirim. IMPERIAL PARLIAMENT. HOUBB OF LORIS.—MONDAT, MAT 3. Ste Loan ComocaLuta took kip wt %tot the wookack at Ivo eels& CHRISTIANITY IN INDIA. The Reif ei SELATTRSBURY rose, plummiest te ie pimple a peeks Brae venues religions dimoadnations rasped*, the pramedes of Christianity in India. He mid the shield of pekleeme was to dear themesime of Mil=meek hed lately leads &safest them. The beim segiel meth bigotry, with violesoa, with a wkk he arks peplyee by emu sad with a deem to obtain the el ppreesent is their &Sects. They denied ail these immi Third that this petition should be regarded se e a :en 00116•10. Ot they wished to plate It CC re eled es is shelties' of their principles and ob se that hanwher, when any eisce dorm might be made espied thee, NM amid rem to this petition for their Petilicatkm. The paths was signed by the oaken of all the great roti fer swedes ; and,. in consideration of it. greet importance, be 11,10 te move the it be reed by the clerk et the Ist& Thu Max drs reed the paths, a• Idiom : " not . rodr. ptdsoser, barbs hissed It is tie Wades at rgromar• to surds* *bee k soot el lulls as • saw bars mad to truslir the artbealty af the Oswt of Dirrarrs s the hmelleile mud of the Qum mil bar advisers, deem the • age pertemity swoosh right hon. bowie mkt stelemenit of fiber veers soil rasped to tbse= 4 : l 7 mem& ppetspri the la nod et Nee per the hook =I lased& allva • soriteriss is dr ler lairs. 0 1. Tbstyropeddrirs, is Mr voiseild searlbs ef pardit Ordgrus Ibuty. so Sri lo *maims, mid attire dry Asir Ito we extended to all, without distinction or ssamplka,perste to meggeet that • comlete equality be Ll:Madike pailmsers eif all religione tot he eyed the to awe el them be permitted the right of free esteem mod •, that in amordince with the prin k Act in the 3rd sad 4th par of the pg , = Williams IV., chap. 86, no Chrisdan, Madero. ar be winched or rescued as • candidate for civil or sellawry office all account of his faith ; and that on all co ash= lie heerimes of the public service, and those ahem, babble brie af eilectlce. S. Thalia eathadtke of ell grades sad durelptfaas be beenried that while they carefully, sod so etempakstely atetaln fans au laterhroace with the and social labia, mama sod Institutes of the fat athey allow no reeogsatioa darts fa public proceedings, et ea e qualifies er illhqualeaika he public ilapirpsuit but that every untied ef het Mejeity be pieced on ma equal footing, MUMS he the paths tanks being the invariable mad only rola " 4. That while your petitioners regard the Mance of the Cbsiellen religion throughout the British maples in the lent es a pennoust duty and the only true pinelple of eivilleallote, they repudiate the notion of tad* the ter yanks et the natives by any ' , thee human mem thms shwas addlillioa of the gospel ; and they right he.. be le snake known unmistakeably the of the MIA ka t the government refrain frees any Wort by we, , or other mach incluoemant torn tho nsitmis to of Christianity. "f. That, la order to remove doubts in the nide et lbe Wives end allay sekended apprehensions. it le oderleable to make known by ISM padale declaration Ibis snit a care. tal abetiesses ken blerbreacet with Oak selpiene le not urged ea th s 4 e q et mere policy, or es the woke of a tespesury bet thot it is the very trti lithe Mi res we prelim and deist orsionatty with " 6. Tina your pillow ham wilneemi g = the =1• 11101 wdow, dubs re the lag le bermes, dee wow of oedema by dr eel 11~1110/A. They andielly approve tho nob with raped le the law of Marlines, the thanes au& In the law of merriage, and ether Albs rondsents, and they prey your tight hon. Wass to take owe we awry issemopmat be given to a eke awl steady persevemento be Me peat at social " 7. net Gay winiawleape with gasaluale the a P g tr a‘ sin at the opened Sabin owl abler hue =lad rho ; end they pray that the goveumet be Iselreeled to pee down all proolion Aimee* le end eepprees sl inhibitions ef everbied, danparone sad to_pabile sierale. " kit pew pedicures eareselly lobe dr Wend= be all the selves el the beelle led bloweep et educeska They rear with sellolestleo le nub that bee been ebsedy demo la ebb regret; sad rheumy Uri tbe beelloild owl «dewed by sh e - .l4seetles Third& ' WA (welt out while Sir Charles Weed was Perlin* et the Dated of Control) may not be bead withheld lbws Chrlellen while they are oonelneed oedema elbow dames. "9. year pendant% einillitewpaat b put ea the word et God by he elitheaseiel eis ies bow the yewewmat schools, pray that molt pobillition be re mewed ; and that none who may be so disposed be interdicted ken*, Marley or tbe ig ot the N 111. That lbe Woe of tie rebid= el seem liest le Maims nweee, newts, and aneee were bid down be Wdeepeeelt of MU (wellies when Lsed wee 11Inbeer ter Ulm Alleke). Wyour =ray, betk Gat the nwdeemenie et that he serried tally sod elhatively halo _golden, and sheAM gownensel withdrew, me epeoW es peeeible ken wowe eel omieepwent a a has sad impieties: awl the selleolles et ikon owlegned>k the wedeaseeoes et sr elbor elfgart tT beedra or Illebonwhea "Yew pelkkoree therein pray that ell eddy/ lele awl bledrasees Wog reeserel, end so new cam = hoe and adios be even to the din'ttelon bl eMart pleprity• terrberies in the Beat lair." The Berl ol ILLINDOBOUGH would not soy more with feperd to tiro petillee am that so long ea be ba say din le do with ibe governmet of India he should adhere mime striotly to the aeobst wealtlonal policy of the British w at wwwwent wee absolute neutrality in matter' ellpies. The petition wee then crewed to lie on the table. nab lordeldpe then adjourned at fire minutes te seven. HOUSE OF OOMMONS.—Morno" MAT 3. TL Bram= isci tits tear at o'clatit. _ INDIAN RIIOLUTIONB. Coked IFYILif p - "W Le les tTirtViiWiteee neolaticew ebeidd seat MINI anew disemalea be mead =ow tie thunders fa Walks : That wine treaty eagegeoeate rubeta aliseed fate with the native princes of India de adiglibsenfor asawtries by tea Ewa India Cowpony, as snit treaty onpinoniono be obligaWry on the impala m en b = siimm ee ewe tristire bad beta originally entered CANTERBURY MAOIST RACY. Mr. LOMB gave nodes that on Friday next, on the mottos hr woof d. ehoteld call the attention of the honor to the roma appoistemh ofjoaticee for the sky a/Canterbury, nod should sok whether two et the arm use Mentital with that of en individual imalused is the eimedale to the moat of the Corrupt Paridase et Madam Comieha of ltb2 t COMPETATIVI lIIJIINATIONa. LICIOrt Tvrie - tio7a;;;;alm vela. tint to the sem* exambelleas at amdherst mad Woolwich W ben ealftlised t. sad mmetienel by the We goverairat or sat, mid whether ow melba d eneli *waft er Mims" meals the Waku*** of the mot* lord. Lord PLututsropr—h ea.wr to the guidon at my has. sad past Weal, I have to state that my mills friend Lai Peinneue aimed me the draft malodors whisk wine to hem the ma sevangements, and width, letwitallF epesideg, ireemed to me ar be prow. The rsgeletleas ftvefted me ft which provided that these meg ma who v pallistlynawr = o be candidates by competitive szembetian ter the ashatido beumefte of the woke, WWII et vegblerlag et the IMOD Of the imerelary for Wer, should do se at the aim etthe Oma mmitlerdn•Chist ; bet, se 1 unimefted, the arm privilege at =a lidaftem demi= *seal mat la tar cm si lir ether. The ether puha mu, that the mania& time thr camftbilime is the Meat* leafthin et the service alma hthe piss einongin yang amen was Mg been stn. oiled lamibutel, Wend et mews these ebe bedft beft oimelsl ehembute. This, with ether annagemea mimed *the vim of improving the sheen= at ilemetant ; hUh vas minted between my sable Merl aid the Cm memir-la-Chlet thee It tint Am* be bead siftedinehle the rogabalsas sheabl rni e sm areheemmatly . so ihr aimigged as that the megimitere should saftlft son holt et eftmlideles when led been siscaftd et ss. e, and one half who had hum loused AM/Mw. With regard to the latter port et the meld* the paint soar am et the head of the War Itsperatiat eta mesh belle m.war it than I ; but I Wok It my We* that whim the easpeted ailmaions woe lb, ft us by my amble aft* Imu ham sompaft iftelle aftentiess. Whit (Load ing Om nen it is Impasibb kr see to et. htsr.) STAMP DUTIES ON DRAFTS BILL-111114LNCE. Oa H. ardtr d the d:;1; ii• — resed;e7iiWlThe Awe hangars read. O. C. LIWIB as kl—tar, la Aim s few re melts ea this bill, I it. dearer at the outset Se advert as a isms erldir lad bees taderrierly circulated, sad err a .rat theme me was reasieert ea a public oceadea, to tin ear • the Ms igortareat. sad myself In partioder r lanlag slop of Os irrailel depertmet, had left the se dges' lesere YeMr el dleerder mad metetraty, sad W hemesthed se Merrier of dradel difficulty to our Pr 1 of that I did riot leer em di®- ettyeali Ikea c e dlit ast Mee out of the rats et dr Law, ad Orem ix the Isar were fa es eaddierry a Mr as mil bar bas .ipsuo.d treat the seelmer I lied eakshill Misr, beer.) I eurrated the immillere ler bet Per 85.474,0108., sad the acrul eerreerme was 70,1111,111101, siterkg se errs &WOW TM mere el mein err wq sairte 1,416,000 i. , sad dears re year Ike areal el Met paid of wee 1,741,0001. with the are ever re eresste, and .rah dee Th eZ i n sew Ye or are, sad without time asips li r re seurke ar bit, ray ory se m heir isparillon of obi e e l de ar et 2,000,000 L. ape saline INN Ws Iv as oaf dills !Aims fa Ur maxim id LONDON, TUESDAY EVENING, MAY 4, 1868, I think I shall be able to satisfy the hers that the rate of the khans in the exchequer wee eadiestary, sod that the sums found there by the premed gentrimat were ample for the purposes of the maks year. Is 1866, ths Warm in the mambo was 4919,0 W but then in that sem wee rehoded • millicig of ways and tarns bilk in saUcipatica at the maps of the re crass prier, whisk were defrayed ent eldest se that dm nerd bilmas la 1866 was 2,910,081‘. the rises wee 6,880,0001. ; In 1867, 8,8040004 sad as the Zs=st lest, 11,0117A01., whir the house meet we woe a un for the yew. (Hoer, hoar.) The lahrmatisa I received on WM( dm was that no dedderey bills bearing Interest would le rqninei for the Aga dividend, and I now lam that am lam been bid easeleary. Well, sir, if be mpeadhere ci the psi year, Wading the payment of debts, was filbspei by be mama ad If a sof dam ones was Id In Mimes at the sad of the ilaindsl year, Ma Um bad, I thiak, cans le the smobeita that, se far se the imasse wont moms& Br Ire ialt abaft in as tissatbemory ccatiltica. , base.) I arm mas ea la the plaa et the present govetnamt, with roped Is that Pea I maid say that it amen ft ma, sad Yet se he ham the tight beta regimen opposite being slandeas Is the deep bomb egoist hint on a Ismer on miss of belai ese adanbareas, sit him teo lir the beibed adi atadas, he has ea the pamat co usin ism Woad Mud be palm, be andows, I mien shanal asp Imams. gook hind tsar skim Ilmidssiene pstain. Is bra mile es aoripsesst wish the view et avoiding a wild' I few may wif It pal meson be at mere parse billealey lemmiler. In the fita Mee. be bee add hi as Om he Yon le mad • piddle d=of seamed i zmdltr eso tt yar. 1 1 mandliese, inamisha=s lm nine—sad I Wig* of it—% emewhat the awed navy Id abel@ of la pedimenr. I give the pranmeas all possiblo malt far that Isdes, sad as am rtedate m the re- Modem ilea I do voyeslif. Bet whoa the jeverm ats c oa t t talks of a Mead sap ee as ampere' whit bat of the pe arl* year, let es Ise how that Made. The soneslidand fad roba dareble for Yet year was 1,777,000 1 . Is cessommes of the p bomb emermemeleg the podere —sa r pm% let me bs allowsl le es", whir wee peer eid =the Into sevannaost by the Ham Oammas, sa espean which eddy _- km the kart of dick the tore— in amesonmad that Mb the charge this year will be 1900,0001. The Mashie lest year, mop the mp pimeatsrLioto• kir the baba, were : Army, 11,893,000/.; die year an 11,7011,0001. Navy Yes year, 9,172,0001. ; this year, 9„0001. Civil estimates last year, 7,896,00 W. ; sad this year the right hon. gentlemen ens them down at 7,000,0001. 8o that the total estimates last year were 80,230,00 W. ; and this year they are 30,510,00 W. • Mowing an blatilie in the present year of 280,000 1 . That Macre mu t be retread if you ad d the supplementary vote for the makk—whodnr it will be required or hot this = na l s osemet tall—but leaving out that, the is an this year of 280,0001. This comprises, whisk kir tom the right hon. gentlemaa's own figsres, 11110111• shat be fs am Pound in saying that there will bay raked= In the tore of the present year, and we do set newyat wbmhr a time may not arrive for re estimeles. While mob are the maps= towed at let us Ni what we are to cam la the et way of toml The right hoe. gentleman's pieta is shortly this: he takes o ff two millicas of trades, or tenser allows ft to 11110111, and substitutes for it a somewitat peowicies 800,0001. I cell it prooarims, bereft the 600,000/. which he iambs spirits is doubtful, and I doubt very are whether the stamp on cheques will make up _the 800,000 f. (Hoer, bear.) It is true that we shell Is. only or of two millions during the peer& ye; bet seretheleis the ultimate lose will be two, for which he nay provides as • substitute a premises 800,0001. this Then i be c roloors to meet the Exchequer Bands, Mid& tobe WIN year, by entities a new ken, sad *papas war slaking fund of one and a half mil- Ike. Fr - the Izeltaqasr bonds he proposes to Issue two Mika. at 14 per cm., payable at any time not exessing of yews, • se that the right hoe. ',ad man will have the power of ogreabag his payment' over that period. He has not stabs SIP meek in which be propose* to proceed with this sew ken, but I usdiessmel he bee made an arrangement with the leek of England kr the gross sum. Whether that is the most convenient course, or whether the proper holders were net shied to some ocesideration and an offer to renew their brim certain terms, is a point which, no doubt, the right ben. pothenan has considered, and until we hear hie rearms he the erne he has taken, I shall not press bites gram as derpoint. But It is to be borne in mind thee the reader which the right hon. gentleman professes to brow solved will recur next year. There e ill be two mil am Meg due then, and one million the knower an ', d therefore, unless he means to enter yew into • steady course of borrowing for these bonds, I do sot see how his present budget can be defended, espe cially sere loss of the income tax, which is only one mil lion Ude yew, will be two t h e next. The next point is the division of the sinking fund. I proposed that division de liberately sad its, • conviction that it wee the only safe mode of arnspman. The Exchequer bonds stood at • totally Wirer testis. They were in the nature of a per menset debt with a certain pried appointed for their end whin the money is due the parties be paid unless they wish to resew. The erne of • Peking fund is wholly different : that is • eampsisory arrangement, made beforehand. by which the pub kith shall be kept by the redcroption of a carter mount of the debt annually. The right hon. gentheass, however, or perhaps ronviece !hand that sore @W esting prosem—by war ystem of the sessweess debt inestrel dark " s the French we, may I der my hon. gsall men have read the pe e posed by Mr. Pitt Is the eatioruil debt by a bad. ad I mad sat remind tie bones how illusory that plan Is be—how every tree 4 It was swept away from our art how all that rensdas of it is an obligation that whoa ray serpent cedsa„ it shall be applied toward' the rednotion at the asthma debt. (Hear.) If the financial position of the arks reersbled that of a private individual— that was, nth" expenditure had to be regulated by the in essee--• skids( tend, each se is provided by the act of par would be a tameable means of extinguishing • debt t i3nt that is not the ear The system that ninst nesemerily be pursued by the nation in dialler with its armor is, bet, at take the expenditure, sad boa adapt the imam at it. The is that bay is not likely at my ibis to be any wend pry surplus ',pitiable to that wpm end anises the hones is ts mks it ohligaliey spli za r tszvornmest— the ways ad ream ere year by mar to form the ilia lark w • mg bate up our wk.& indelly to Mink le be papsesity cd oar present debt, sad satisfy our emirs sail amaidly paying the interest whhont to• the peindpal. (Her, hear.) I need not rendad the right boa pattemea that Inn year when two millions of Euesper bends fall dna, there would be very peat diffi culty is diebergiag • miilion and a half of your sinking Willd Lbw. how.) Bat when the act of parliament was pad Inanity was not foreseen, and I think under the okenosensese the riPt hon. gentleman's proposal for post poning the sinking badis ressesable. But what I o bj ec t Is In be present miaow is that he makes no attempt to pay off the two mallow of limeeper bads, either wholly or in part, and that he empanel be war it . It bad just r if so Mot toblgation edited to pay it. It has been ohm said the Mimi debt of - this emir, d ea Opals a mem Oat it is he van to belts way Maw at ray I d sod that ma* aggregate ern so he Irsenrinds the powers of say imerstion to deal with it, we met be OF tent to submit to what has become an ininitabb desilay. (How.) Lot it, then, b bone In mind, thes Os aspdrl of the debt is but • sasiel liability, which the ~.,.._I of the country will saw be celled upon to dieonp--il AIM la ths tarn of a obtain amorist make es ps opted ma edam Bat I would ad attention to Mt hat, Biel if army is borrowed at 6 per mt., a sum equal to the whale mild k paid di the shop of Interest in the °vane el bar* yeses. Whim it io barreed at a lower ne,—(ao la the mm the senora MI of this oountry)--of same It lobo • longer tim off in interest a cm mid to the teed Still within • Halted period this muse be the remit, and supposing a debt Mats at three sod me-third per cent., which is the aver age rata ke thenatiosal debt, you pay every thirty yam is Worn • am oral to the while amount. I think, hew ever hip the sum any be, it is not ro pest bat that sew ante amity lo sere. (Hear, beer.) I new our to nee der bi t tight hoe. gentlemen es at the Wheel obliptles maw aad teal!, r est mie belsomarlos. I aria I bees put titlftiftmistmading tit= Is glib the debt he.. tibm mink as to ends sates.. If I imilweesed him oreelly an set of parliament that calls roe Ili bp* r e atlett of Exchequer bonds is set a bindle' eriege an act of refitment that esquires to pay eat a Milhaud a half as a sinking fund is set • binding seems mat ; bat that it Is competent for Wham to like In band the revision of Ma Mos amipmenta Mies, how ever, In comes to the amid= of Maim then ha lays the ace of pediment Is • .real sopposint which we are bend a o 5 510, I meld ash the house, in esesiderbe this maim daYsaal sappbsata, to nem lost the et boinedes the tare been year to year with the a awarmk ooatDn., sad that In a waft ohm tam iso he sell& t er marble mulles ofbairadag tits wilt the Imam mast be Mead. Now, whet wad le blew b, w we Is by I den that as il• dills sod br t mien of Masks ars te le hold = iej=e b the r payment of debt are le be spa m ? (Hear.) I pile agree then eripmente ante by eel at wham* is dir amp aims debt me always subject at canals esedillasa. I sad tam parliment OM tie apt beads of he inieweed, bet b opsa te the banes* Fosse die dale her that it may have erred Ws. I au see eumpile of hr laws— Mt lea ihibm dice be is no chaos If Ws dead, d . babie M mind obramesab dime Ole fro air inonsilds easmaimea w Medd de ea, sad Om is winder whoa to falai the eldigetba wadi by Is ear piglet brain of this is to be the pried* 'mom which we are to eat It might to be theism& (Hear.) Tlie right hon. gandemen, la applying this delirium to the caucus dthe premed year, says we an seder • mord iegagessmot to mime the theme tax, sad by allowing the law to take its course to diminish that import from 7d. to 6d. lx the paned. But when we are thus celled upon to give dint to •• solemn notional sometime, perhaps we may mt. a Mon orianumplam—a ire dissolving view of the amount of benefit that will be derived by the taxpayer from this mike Now let me sok, what is the Went of WM which the change will ailed f Darla/ the war the ineene tax wee 16d. in the pound—sisal to 61. 13s. 4d. per esal. On the Mem of puce the has t, not acting in obedience to isestlis, hat in accordance with what thig eeedht the latereste d the country proposed to take off the war , which was equal to 31. 16s. per oent. Entry body will see that that was • substantial relief, and it was hit an oath by every elms of incomes, but especially by the wilier elms of Incomes, upon whom the high rate oldie war lames tax praised with great severity. The result was that the Moms tax of hut year was 7d. Ic the pound, or 21. 18A4d. per cent., which, for en income tax, cannot be oast sidled oppreeelve or severe. Well, the right hoe. gentlemen tikes off 2d. In the year—one million of which onlyeemes thee east this year—he lama 16e. Bd. per cent., and so video's the N. 18a. 4d. to 21. le. Bd. per cent., the whole amount of rsthf allbrded this year being, however, only Ba. 4d. per cent. I sey that that is an 'mount of relief that will 'comely be felt by those • who pay the income tax. A redaction of IrelL per cent Is not an amount that would be isedbly fill by persons of large mans, who do not gees rely ialculate their incomes with such strict noomacy se far er small a change to make any di ff erence to them, and on the ether hand the persons with Emitedqp inomme—thom with ir KW. MIL • Ids. r id ielk ill tee= a sus that peer-e the it afoot be mid to afford Mlles" any isatiM au • dentist relief. ("Oh, oh," and laughter.) Therefore I say that the right hon. gentleman, in his arrangement, by not paying the Exchequer bonds either wholly or in part, but applying the money to the reduction of the income tax, the violated an Important principle of finance, without giving any substantial relief to the taxpayer. (Hear, hear.) Thin is another important question Involved in the right hoe. gen tleman's plan. He denounces the income tax as unjust, sad remade it ae • national obligation that that tax should spire in 1860. Bat we know nothing deem may be the state of our finances in 1860 ; we do not know whether our expenditure will admit dour dispensing with 6.000.0004 of tams, which is the amount at which the income tax will stand. Is It pitchable that there will be • surplus revenue of 6,000,0001. to enable you to dispense with that tax ? (Rear, hear.) Then may be some few people seamen, enough to suppose that we may be in • position is the year 1860 to deal with that particular problem. I hope it may so prove bat it may turn out that there is no surplus, and then if it fa to be understood that we are bound to absedon this 6,000,0001., the produce of the income tax, the question will arise what other source of taxation you can resort to to obthin an equal sum ? The income tax falls for the most part on the wealthier portion of the community. (" Hear, hear," and " Oh.") It is may to get up bete la an meembly of gentlemen and denounce the income tax in the strong tines which the right hon. gentleman thought it to employ. That is • very easy mode of getting up a cheer but before that tax am be abolished, and before you can substitute for it 6,000,6004 of taxes levied upon the general consumptioa of the country—and therefore taxes effecting all classes of the eirausinity—it will become necemary for you to address me suable* ot • different character--amemblies of persons who will no doubt meet together, and which will coatain amongsta lime number who do not pay the income tax • very few who do pay it—es this house contains very few persons who are exempt amongst • large number who are Sable. (Hear, hear.) That is • consideration I would prism upon the notice of the house, before they take a step which may have the effect in a future year of fettering their deliberations, and prevent their taking that course which they may them judge to be most conducive to the interests of the country. I would call attention for • moment to • brief comparison founded upon the right hon. gentleman's own figures for the present year of the direct and the in direct taxation of the country—with a view of seeing whether it la really advisable that we should pledge ourselves to the abolition of the income tax. Ammding to the right hen. gentlemen's statement, the produce of the customs and ex dee, which form the groat bulk of oar indirect taxation, will be 41,600,0001. This is the amount of our indirect taxation. Lit as now look to the direct taxation, and see how very small is its comparative amount, and that after all that has been mid about raising a large part of our revenues by direct taxation tram the more opulent dares. The customs mid mobs produce 41,600,0001. ; the land tax, 1,200,4001. • the mewed tams, 2,000,0001. ; the lamas tat i at the reduced rate, 6,000,0001. ; u logstber 8,200,0001. Strictly speaking that is the tor ida als eirelkeet taxation, and if you take from that the whole ad the Imams tax, all that will remain la 3,200,0004 There is mother aim of taxes which I class with direct taxation, though they differ in some respects from the ppreoding. Those are stamps, probate duty, and eoaoessioa duty, amounting to 7,560,0001. Then there is the revenue from postage, which In moms reenacts partakes of the character of • direst tax, though it Is in fact payment of service ife dried—that is calculated by the right hon. gentleman at 3,200,0001, whist together 10,750,0001. But, eddies this total to the other, they do not equal one-half the amount al the hafted texas. (Hear, hem.) Well, air, under them cdreatestanose, I code= it MOMS to me that the house ought not to come to a amend pledge with regard to the period - at which either the income tax, or any other tax, shall mem. (Hier, hear.) Ido not wish to be understood as expriesing say oplaka *Out the oessedon of the income tax at say time when the interest of the country shall permit its aboli tion. lam ee defrosts for the income tat. All I desire is that when the time arrives for discussing that subject we shallbe free to deal with it, and not find ourselves du d up by a declaration of the right hon. gentleman's by which the house is to be held Douai (Her.) What the brae is too war pledged to in the per= eleveartanoss of the country is the lamer of ezpeediture, and at the same thee the reduction of taxation. (Hear, hear.) That is a rooms which of course cannot go on eny long, ' urea you have reruns to the mimes system al pma hens. I admit the tight hon. gentleman the et the Exchequer has not hinted at any snob mares ; but unless the house is prepared to have recourse to a system of pesos loans, inc eased ex tare and reduced taxation cannot go on very Meg Mr. GLADSTONE observed that his tight hoe. friend had spemmd an unfavourable opinion of the plan of the thiller et the Exchequer on more points than ow, semi k see portion of his speech he urged that the house shield not enter Into or ✓eed= rash angemmirs for year, to ems; and although his right her hind hadweed that argument with sarber view, yet he Mr. Gladstone) could not help re ramabmisegthet Ms right bee. friend hed himself entered into • nth ingpegnmse Ile pay off, under the name of • idaking feed, • mien esta haN or debt amenity. This woe • most hapereint gerstion, and in dealing with it his right hoc hind ireat book to Mr. Pitt, and stated that the admires el that sielmen—for it was mach more the ed. minis or Db. Pitt this he himself who retained that opinion —dogrel Get tie arlikhrsest of the slekime fond would he his best ddstm to Ss ablation of pesterily. In a way few yews re doctrine el Xr. Pitt was blown to steer (Herr, her.) Het he (lir. Gleirses) might be allowed to ay that thee teem greet deg tree la Mr. Pi Pitt's theory o f • =kin Ind thee he et= hr he sever hered to the Awry safer it hod failed. Heit isior bed we dose ? After the owest dairee mod mequiving posh of its Men is former the= sad ekes we bat re= it free war stare book, we had nee yule ego =sl it, and ebeedy the aid had pis hed sheer us had login to amser, and the= lia Zis ' es aegis of it wee no be hind h the present yes; gar the vagerible =abbe d ihe row de- Glared esti was Impossible le fulfil the oblisplisa whisk had bra andracted, and his right hon. fried, Omsk be objected to the proposition al the Chanseffor el tioe Hare quer,e= led sewer mid this be had =oh surisesse h hie own that hit would be pre to go to a divots age. it. Rear, bear.) He (Mr. OWthine) deeply eureir the revival of the system of sinking heads, and thstLie boa. Mend bad assert= that it re the thily mode of redring as debt of the sootatry. Ks .(11w1 • . stone) wee ronEy le go say hoer in the Med= if the debt of the 'omen but he was bleed h seedier whether this ea 611 peeper Ma. 61=11.11. KM not the Mof aws Ire :l ga m p ab fory, ley rillises of art dr sedhary if lessulf DM hie sight his= =TX ' ble gin wail pay era rid or a bat of whet bed been ass by whet hie righl itspe hew d einide hind err set froposelleable MAW ? Asa horsetails I Mend would bring the He ids well= le se fr right ee thee ow= lug. (Rear, hem.) If the leer thesight rot • fund was a good thing let them &dm for opisio= Musdto act upon It. bet if they S h er a had thrg let 1 proosed at oar to me rid of it. (Hoer, Mar.) His right boa. trio= led r deer= that 1,140,0004 theedd be every year laid ant in rook, whir= might be gee gar of the rereme. Then wee • rue shirrs to the mods is whisk ties wee to be hut the eirethe ward bosom I =anger and grener the you kept pita saes. I The rag qeestien:wes this. •am of I,6die,OM, rood I In the bee= of the national writ, Ned pilled awe i by Ms hon. hied, who deretated any eeMpethe of the ihrashi yew. (Heir, ber.) the ream holes delete= weary Cheerfer of the Hsabseper weft el I awn= he drier h hy et tors to the watt if to pay of the =As *ad. Meer, hear.) tr e sir Cheneekor of the weirs le ae Oadd ern I his right be. Mend If 10 were aria Ciesieuer of the Hz- I arra= alle.s r iaL en fixes le Ile pular of paying of 1 the feed? H eight hen did sr de jostles I Is the ibis* tonelorliot wiled ea), to oar- I pies mows. Theme weal be INC issillestre ergs- rag ia hewer al this phis • hr if the Ammar of the Tbasherper and the writhe= drislorege 111 their I duel, the Ohierihr of the Zarlarpor odlorlod W ; = l"ge therser ille fally. the sed I li rso ang e am a = ounoldwoble mbis So tas parnew ea ft a year rigusgsg erbish agekt in Nat= (Stamped id. AdditionaL) [T WOPEN fraiil. wham it was CD the pima ef hie right boa. Mead or oa any other, he hepsd that she home would soma to • doe deka es to the coarse which we to be pursued with regard M that system, and that they would show to the emery UM they would not pater with the grottos, or ge on item year le year without arriving M any lined aa sari • satieet. Hear hea Perlin on his tW hes. friend objested t o the liode In width the Clianoollor of the Bs ohimmr dealt with two swiss of eng M. His right boa. Mind mid that as apresnisat hd bees entered into to pay off two Wants sad a bait of Exchequer Bonds in the preen% year, mad • to came a flail cessation of the Moms tax two years Imam, and hie right hon. friend asked why it wee propomd to drop the one and not the other. Now be (Mr: Gladstone might be allowed to my that the Cheaosilor of the wee sot reoponsibla for any adios on the Exchequer that which would amble him to Misty the holders ll 73 o tt l em. (Hear, hear.) Thin was no centred mitered Into for absolutely paying of the Exchequer Bowe in 1858. During the war it was secereery to 'apply a temporary deficiency in the receipts of the Moons tax, and that funds for that purpose were sup paid by meat of Exchequer Bonds, and the means which were to be 'employed to redeem those bond, was the of the income tax for six months, but which the IroOse eesd o; Commies required to be applied to the general Trull& empaa ditura, sad net to the liquidation of the debt which had been incurred. In bringing anew instrument of Buenos of this kind into the market it was necessary to maks such arrangements as would make it commonest end easy to obtain the taking up of the beads, and that was the mama why they were made re deemable la 1868. But now the Chancellor of the Exchequer was not in a position to pay off that bonds, for the money which wee to begia rds bh to "i i.a.f la b Y a rt igna ( had bserrAt. 441 W, leirtio spat the smaryilket other 'Purposes, should have the laic person to grin; down to the house snd and fault with the Chancellor of the Exchequer for not applying it to the payment of the Ex chequer Bonds which were coming duo. (Hear, hear.) Then with regard to the creation of the income tax. He could not help thinking that his eight lion. friend had overgatad the comps* and the Elm which bad beta given with regard to the of the Moons las. No one contended that g parliament bad re ma ineelebnable pledge on that sub ject ; and any that had been glom was nermaztly en er to Merseted with general policy had any OW ever 'Wind IQ soy that the honse hid given • pledge that the rooms tax should rift and Ostemaise in 1860, whether pulite policy would allow of that mane or not. But there was a great deal of difference and a very wide dis tance between that state of things and the doctrine pro ' pounded by his right hon. friend ; fur the argument of his right hon. friend was, not that the income tax was • conve nient and an extraordinary source of revenue, but that it way a convenient and accessible pert of the ordinary revenue of the country. (Hear Dear.) It might be so, but those were not the terms on which parlia ment obtained the income tax from the people of Engird. (Hear, hear.) In 1842 when the income tax was lint Im posed, in 1846 when it was first renewed, and at the time of its subsequent renewals and its extension to Ireland, in direct language the country was salted to pay the income tax not because it was an accessible and convenient portion of the ordinary revenue, but because its imposition would lied to the attainment of great ends in connexion with a general policy. (Hear, hear.) There were two reasons for its impo sition and its retanon as a part of our taxation. O. was that by its means we should be enabled to replace our financial system in • satisfactory state; and the other area, the necessity of the maintenance of oar national honour in • great war. (Hear, hear.) But if you were to trans form the income tax from its condition of • special and ex ceptional tax into • part of our regular and ordinary mature of revenue, you ought not to make that transition in dacha —(har, beer)—and the country ought to be opal and fairly asked whether it we prepared to acres to that a of principle. (Hear.) The Moore tax for may years wee imposed on the ground that by means of its ereatios war were enabled to effect a great randrion of indirect tratics. But what were we doing nowt (Hear.) What was the history of the paper dtity? (Hear.) Whet was the history of the wine duty ? What wee the history of the duty on marine ineuranoes ? (Her, boss.) The whole proems of the policy of mutation of taxation bad bee asserted—(bear, haul—end without saying cos ward vita regard to that subject, we talked of keeping up the income tax as • portion of the regular end ordinary taxation of the country. But it was not only that we had ceased to err elder that we had obtained the impoeition of the income tax only for the purpoe of our being enabled to effect great therm in tha financial condition of the people of this country, for we had begun to travel in the opposite dine lion. (Haar, he a r.) Look at the duties upon tea and sugar. (Has, hear.) Had we sot been obliged to raise those duties Rada, and bad not his right hen. Mead (6ir G. C. Lewis) hat year, with • laudable effort to make the revenue and expenditere meet, added two millions to the duties on tea and sugar ? (Hear, bear.) Lit the hoer come to • clear and definite declaration of opinion with regard to the winking fund, to the payment of the Exchequer Bonds, and the manner in which the rooms tax was to be dealt with ? If the income tax wee • good tax, by all means let it be paid ; and he most my that he did not Risk that th e house had shown such a feeling. as perm of from tax, as laid them open to the remarks of his right hon. bird. He (Mr. Gladstone) would admit that the income to had its merits as • part of our ordinary and regular er ten of taxation; but in his mind there were two great objec tions to it as a tax. One wee a moral objection ; for it wee net to be denied that the income tax did much to corrupt ad gee not from the mode in which it was levied, which be we hound to say wee in every way as onotieeden- Ws es it could be, bet that abet wee anwelial to the ethers of the tax itself. (Hear, bier.) Anatol, ob jection toes, that so long as the house cendieued re femme to special farrow to vote the hoer to as • pert of the edinery meow el the emir, need Meet look to or herein. thy veinteles of (Raw, bear.) The theme to wee as eight* si Wanks so they awl eon renithd—it wee they ne lei en a may or two-penes b the pound on property—that so loos =yen retained the bathe tax as a permanent impost you need act think of @Mike any effective or certain system of thenway in the eigust. mints of the country. If it wee to be admitted that economy we. not desirable, there would be every possible good resson for maintaining the income tax; bet r he (Mr. Glaciates') was one of those who thought it &sound urdpie th at the apindi tors of thecoontry should be withhaldfrosircomingexassive, that was one great reason with him for being of opinion, either that the inoome tax should be used for the for which it was originally imposed, or else that il=l e : come to • speedy termination. (Hear, her.) Mr. CLEDWELL approved of the postponement of the sinking fund, but thought that the Exchequer Beads now falling dee ought to have bean paid off at maturity. Mr. T. BARING complained of the general propensity, which he said chmeotnised all finance Writers, of applying every surplus in the revenue they might happen to eery to the reduction of taxation, instead of paying off Impose 1 liabilities. Mr. BRIGHT viertheted the mos of the itulastrions tax payers. Two earths la that hem. be remarked, win so ming eee seedier of extesepsey bet the people eat of am trite bed to pay the woos were silly the mat tereelet ti the question. TWO elieft spa the public poNey, led ea tbl:Fhe= the theme= se a eyelets whisk WNW poem ashy with ethreoutheis sol mks stheroarsi lie miasma of the set sod atatiy onemeole width at pseud eppemi the enee et Os esethey. The MANCILLOII. of the EXCHIQIIIIR deltedol the di etpis toed hie bedge. The eight hes bed Meld lb* Ida the statusist sob ea • know seemols• Set Sop had boo • redeelks of expenditure to the Wet of 1100.0:101. ;ma soopeoleg the estimates of the meek par with thole dr year, the right hoe. asthma had eadeavesed oath • Memo wo melharised. Bet be (the Othesellor of the leshopeed bed sew said that be had dieted • min es the thrtes of di par over Sete of the le* or SOS emst. LB be led rid the thet by the NM GO bad bees made there would be a nduetfott of ezpeelltare to the soma et 800,0004 mad ha weld show dot wet stMent wee moth the sem sad ▪ selitstes there wee • eethistko el Mr spa Me ether estimthe—lhe talmikasee sod MO—den wee ea egad sellaseis. =him ter et WOK The *he hes. sestieme had he einvamemei wader whisk Ise (he Cheateller el the lasbequer) seegend eat le hter. ire whittle hies et the hesinaess, usletidelar thee the impel vI twat to the rimes wo es. t men Ala has the sapipmemie Ba e r d had ead redimplisa et Bonds. New ell hew =le we earesesdi le sets et perhoseet, sad, witeldm wen the ems. Bet wises he (the Chriatellor el the begea.) wished to brim Wore the lime was this, het there were eeaskieradesee Ids! pe eresseted with the lee width the bowie weld sit avoid - ameihriso—reeekellig tit beer that there existed **e thos it =oh • seder mire to dm lammee-tax to hi pre. milks that it waddle Impeolleis le make It • primmest flattro hat tram when edlestirata ease hada the pratimea et Nestimad did . Mawr.) Not Sala ambers at parthammt. (Neer.) Net lad tho drake ot swath and tadidom Oletr. km) The dikladidit tapselko the lax oars from prohedrall ma t haa E on Mat& abase et erdstth sal ahead to No bpi. bgra thessehr—Otesr, kar)—sied meet dam compidas that so may phoe vim aaretssetal. est that a comalthe wee spriated is aoadder the waliewit. 1 • nala.i the spare ad it was bareedble keep the halms taz, k is moat tee.., se a ponamat hiliii• d err 11.11101 spas, est be Weal be had ad midatorptiled he bib, et the bones ad the assay ta ziossimeasp las ammo obit& lellevol the hemsas =Lseselloa. (Beer) The rfokt ka. aa W he la NUN then weld he a deadest, at MSS SSW st wades, sal se 'drama to 11. Dot as eallea et as labs la of Ll 7 . ask so m 70714 111511 1•4 liashea, ani. mad tee brad a Willlll=4 Ind sr while add eat ha wadded. It wee el thootessel ksperease eat the bean shad lore a aka *dal spas the a**, sad ad with Amass sad oar dikstay. Them was no greater filiftscy then the suppoeltha that those who did sot swam of the present lasome tea wan thereffte opposed to ell direct emetics, Meaner en evprovul of an amount of dimes Smith* wee. I.ll;onsehtent with the disapproval dthe midair way ef income tax. It was of the utmost ht • for soma mid political causes, that the income tax sob be reemined as a permanent feature of our financial ; sad when it was said that in 1860 the country be im sash a position that it would be impossible to fulfil iM =Mt, he begged to say that he never contemplated e the solemn compact to which ftillflool6 ha/ been made. (Hear, hear.) He would say with. =t e e the war sinking fund. He bad resisted ita ethi c and as he did not believe there .was any perms who really maintained the pracdeability of remising that fend under existing 'circunistanoss, it was uo f or him to trouble the house with any musks on the we He Wafted that them was a vvmery great difference between our engsgemint to psy the Exchequer beads and oar en gagameat to maintain the war sinking fund. But betk these engagements were financial engagements, and the home was of division that it was inexpedient at this time to lead the commerce of the country with new taxation to hall them' ere. The house having postponed the paymett ot the Exohgmr bonds, 2.000,0001. had been plead at his disposal in order to redeem those bonds, me he would state to the home the arrangement which be had thought it prudent to make. The house had authorised, him to reke 2,000,0001. on Exchequer bonds, payable at a period of not less than six mere, at a rate not exceeding I+ vr cent. He had arranged with the Bank for the lms whims of 1, 0 00,0001., payable in 1862 at 31 per seat.— nee of interest which he thought fair and loorate. He had meth it • part of the arreagemest that he should haw Van pew eetranle the end of the year of sal to der 1000,0001. is ottlidos at the same rate. Bat ha mitertimed the hope—emy, be e a very lively *radical—that the stets dem bahmees in the Exchequer, strengthened bp ex tasedimry payments this yeer, would rendert unneomemy to mthe the sediond call, end he believed that I s the course of the yer he should be able to redeem or meet that amount of (Hear, beer.) dur i ngt great confidence in the Mate of the sevens', became the whole of dm present there had torn a onsaiderable rallying in its chief It might perhaps interest the house if he compared the re venue for the diet month of the present financial year —nearly, from the let of April to the 2nd of May—with that of the corresponding period of 1857. He would in the lint place refer to the excise. He gave them the make sa a sure test of the condition of the couatry. Penn the lst of April to the 2nd of May, 1867, in the vary height and flush of our prosperity, hug at reemeing symptoms pr o duc e d mmercial wail es thread at the year, the mons 1,368.0001., end in the ante math this year, after all the commercial depresses, it produced 1,602,0001. (Hear ' beer.) The stamps boa Art to Way, 1867. produced 480,0001., and in the same month this year, 678,0001. (Hear, hear.) Then nue ales sat inaresee In the land sad manned tame from 1101,00111. 668,0001., and there was a considerable Mamas la the am toms, and specially under the head of tea. He thought they had a right to supper., that this Mamas in the revenue waa not trsasieet and evanescent, but arose from the tomeased resourom of the country. After some remarks from Mr. Wilson, Sir H. Willoughby, Mr. Blaney, Mr. Hamilton, and other gentlemen, the bil l was read a second time. _ _ _ The eteced reedingof the Stamp Duty on Drafts Bill Laving been moved, Kr. T. BARING mid he had presented a politica ahw days age *Oast this noseenre from the members of the Stock Exelsaage, who opposed it both as a matter of expediency sad a pelnelple. He was nut disposed to oppose his right hon. frhad's fraaadal arrangements, but he doubted the 'windier of the principle of this tax. There would be • what objeetioa to It on the Stock Exchange, where cheque wire mob used for balancing amounts. Be also feared that it would lead to • withdrawal of banking accounts, and that • greater demand for specie would be created. Yr. °REAVES did not rise to oppose the tax, but feared that the evil oonsequeooes which had been pointed out would result from it. The country bankers had determined not is offer any combined opposition to this tax, though It would fall largely on themselves, but they were anxious that docu meets, which merely mend as memoranda amongst them selves, should be exempt. A clause to this effect would be submitted in committee. Mr. BAXTER thought the tax u little liable to objec tion se any that could be proposed. (Hear beer.) He did not believe that it would interfere with capital being economised. The public had heoome so accustomed to the nee of cheques that they would not readily give them up. (Hear hear.) In Scotland the cheque system had been much longer in use ; and there was a general testing there smonpt mercantile men in favour of the tax. He had never known any valid ground given for the enemption Irmo duty of cheque. drawn within 15 mike; end this measure merely removed that unjust exemption. It might be well if cheques below 61. were exempt from duty. ' Mr. .I. A. TURNER sold the bankers and merchants of Manchester objected to this tax es a step in the wrong diem ticm. It was a decided tax on commerce, and must tend to diminish the nee of cheques and Moreau the demand for of which there had been lately too small a supply. Wili s' entut teud to less accuracy of accounta, most increase the &acme of theft, and moat deprive bankers of the mean, of Wording the aooonnoodation they now gave. Mr. J. SWART did not think there was much objection to this tax in the town of Liverpool, but he hoped the Chancel lor of the Exchequer would allow the use of penny postage lamp on cheques. Colonel SYKES also urged an extension of the use of the puny postage stomps for recelp_te. Milt • bw words from Mr. DINT, The CHANCELLOR of the ERCHEQUER said an *aim hed been urged to the principle of this tax, es the =that it wee a tax on oommerce. Now, the feet WE before them emerted no new principle; it astb tested a principle, and to abolish an extles r 6- veer el trishre cheques, which no one attempted is dried. (Hem bor.) His hen. friend the member for Herlsoka, who espervist ths Block Exchange at this ousels, .said a piles Ira that body, In whisk their °Weeds* hi this shwa win my wordy express& The membeir 41 the dleskT,Mrrie were turrhabls kir their Mg= seetssim (" Hem" sail a leak.) Her did they Tepid Is dr MB 11 dry midi dot the bid Mal Imp grit lasserskass aid 60 Om If ass/ ; ash a asallAtheyoold Oath mad Ow wail (laughler.) Ila lad as doubt hay _add. ho lad vast odium the mimes at as Bleak Iwitaago, sad hit eatte u tat ini t z *dr oweageorede he acadooting thole dry end stub dr sampsers of the new set. But, if they could swede it, whin was the islustios f (" Her, beer," and laughter.) On the other Wad, if it wee isearreedmt to evade it, and if It was mot sonssistit lo pay the saw tux, where wee the inject log Is eking thus to eye • paw Ike that ow:minima. This me a tax upon set dr upon luxury. As mist ri see, they melt know that they would gain soon by the reduction and final extluolloS of the income tax than they would lose by this posy stamp, end therefore he was certain they would see ems to murmur upon this point. His heareatabis Mod ornaplained of this new system of tem* sad sell that the revenue would soon be wholly bullt up of Amps, Bat hie boa. friend mutt be aware that no clue had bar - , filed so largely by reduction of taxation' aa commercial ism What class, for example, had so largely benefited % gi ft reduction of the postage ? (Hear, hear.) With to the we at the pinny postal; stamp, tlfat bad been well eonaidered, but there were great disaelde 1a the way of currying It into offset (Hear.) It was sted however, finally Mild, and In committee he would made some farther remarks upon IL (H ear, hear) The mot os to the mooed reading wee then agreed to. OOVERNJW!T OF INDIA. The been thou von lie eamdelee on the Goverment at Is rossidkata. _ _ Os ihs masa mechdies:—. That for this purpose it is dpstilsot yeevide t lisit has /Welty, by one of her Prim. ell ilemeinfss - el Mete, did have sad palms w proms sal dales reisalig to the government end MIMI/ of Lis whisk me sr wig be sow marched end performed by*, PP Cempsny, or the Court of Directors or Crlai Ci Prosciuttos of the acid company, eittm alma aft loft/ the approbation of the eammisioners for UN affair. at Indic" .ra.cd . Eace . Kr. LYRTON roved to inert the -.. Ilan therm, .—" That, ia order to MIMI the of ere gormand with doe OW% 011116:114 and eilleinty, all the power wad dors now nerd in the Bar India Corposy. the Orin of Directors or the Court of Preprint of the said =glair nag or with dr approbation of dr em ir the rine et Ink, aloall be orataind and Priest b a Ilialror of the Crown fa Corsair The whir g .ytes of govetawnst fa ladia wee sot briny to e day. Is was the rant et rash arpedasee artad row War& Atoning to the aloft law, tbo seal of the porn* of ladia were bard tranaseil all brier wish the eentrilhea and in coma NA was born to oaralt the ea ai align of tors near. sad the transillare win le tested dielr widen la Inlet; and ft dr row and claim of Ito deter ere Mann her lbw of the sitiedWel neared! be was ate libdp to 6pert ben Chair eine. Mame tho redo ef eatinednglindnronoldidewn hi theist of 1" and 60 Newt mend thsearribiag. The wiedninnolea et Whin la hallo was !Mild W. kw dwarineate : 6, plllWg, tin lard, the weliary, Lady • loth thwer son of sormaneente win a anwierap v6o hri nent., arry en the dwells of adadre ttailin end who erowndeaM between dine dignelonnie and dr Groaserenwa Is thandL Tido error hewing wi ng we hi ri boil as w ',kat anger thaw wield be ileklerhuse • awe ant for the arras. But it wee Ann& flint there wow* `are storeity to or drat a alien of the rens to 116 ea then wend be ia thorn of a Gorronawansrl to ladle. 16 Elbert that lbws Tao so NAV kr Oki sibilles, the peasirip lb• sikkor lows Palls NOW 111 mold ais pm* Wk. Thus was ay my, Wyss kr 400 d mod OM Ila• ripe of Wiwi. Wiry at of as /array for