The Express. — London, England, 1855-04-21 00:00:00

coufereness, east before they had any g 5,.., to form • Judgment se to the drat views u r MS taliied by the °ti orbs eat pa werk did set pre. owe to lay before the hones tbeWrotaimalet 0 1 the anus. expediters sal reveaue of the year, accompanied with estimates headed upon the supplies which had been already voted and which assumed the cognisance of the war. For these name, her Mejesty's government thought it desirable that this statemestaboald be postponed until after Easter; but they feel that, is taking that course, day [ ex tended the time as far as is cossisteat with a AM to the public laterals sad to the respect they relne* ive rd house ; sad that, therefore, the statement seas no kart be pestpoasd. Is dieehargieg this ask, Ifl how mush I seed the kind Wittiest* of the bean. (Chan.) I will, however, as my best adeavoure to simplify the stateneseit which I have to ask' ; and it will be my elect to MAW it Si complete, awd,so far as lies in my power, as satisfactory as possible. Now, sir, I will begin by referring to the esti ante of the revenue mad ezpendiaire of the year which has just elapsed th at was made by my right bon. friend and redeems*, in aloe, the right honour able gentleman the mamba for the university of Oxford. The estimate whisk be made of the menus for the last year, that is to say, for the year which expired on the 3lst of March lest, was that the taxa then in existence would yield 63,349,0001. The produce of the new taxes which he proposed for the onsabag year be estimated at 10,167,0001. The new taxes which he 'rotated to naive within the year he estimated at 6,147,0001., and therefor* he took the estimated taxation of the year at 69,;96,0001. Now, sir, I sea congratulate my right hoe. friend on bevies exercised a species of financial second sight with respect to the pro duced taxation; for while he estimated the year's taxa tion at 69,496,0001, the actual receipts have been 59,496,1661.—the diffuses' between the sum estimated earl*" eau astually received upon that very largo amount babes them se greater than 1641. (Cheers.) In the ways eel MIMI alma year tbsr• wee a power to issue 1,760,0001. at isabelpee Bills, which 'mount wee actually realised. lb else emenatel the issue of 6,000,0001. of Exchequer le let midi yisided 6,376,6131., awaking thus the un leaded debt of lest year 7,125,5131. The teatime of the year. therelhoo, ling 69,496,1611., and the unfunded debt, 7,110131., the Meal revenue of the year was 66,621,6671. The metal espeedheie was 66,692,9621., learn' an now of neelpte nee ampladiturs of 928,7061. (Hear.) I have eh** stand *I the excess of receipts over expenditure was predated by the eroatiea of a certain portion of on foaled debt. The mess. from the taxation of last year wee, I have stated, 59,496,1641.; and the expenditure, 86,692,9621. ; as that there was an actual deficit of revenue from tazatioaaseempead with the expenditure of 6,196,30 81 . My right km. friend has not obtained within the year the entire mount of the new lazes which at his suggestion were imposed. There remain, et the taxes which were imposed last year, bat which had not been collected is the year ending on the Ist of April last, according to the best esti mate whisk sea now be formed, 5,020,0001. Adding that NM to the revenue from the taxation of last year, we ob tain a sum of 64,616,0001. The total , including the portion uncollected, which my right hon. friend estimated for this year, was 63,606,0001. Therefore, assuming that the uncollected portion should produce what is now esti mated, there will be a pie, beyond the estimate made by my right hon. friend, of 1,010,0001. (Hear, hear.) That is, the actual revenue will be rather more than • million above the sum estimated. (Hear, hoer.) This tenth is come to notwithstanding that, in ameequesco of the alteration is the time at which the quarter's returns are nude up, the present year is Ave days leas than the year that was estimated for by Mr. Gladstone; and as the revenue sad the expenditure exceed a million a week, • difference of five days is not unimpor tant. I would beg leave to call the attention of the hoes, le this result, inasmuch as it shows—notwithstanding the Ise erased burdens which it ham been unhappily necessary Se impose upon the people, and notwithstanding that en turbasca to trade, industry, and manufactures, which a state of war neesesarily produces—that the which his been received, and which will, upon the safest estimate, be received from sew taxes, exceeds the estimated amount by mere than a nal*. (Hear, hear.) I now proceed le As estiaaand mnsallture. The expenditure for the Inn del year eadimpy ea * let of April, 1864—the last you of pens—whiet Wand a very small expense for the Cairn war, was 61.1111111,111001. The expenditure for lest year—the you just espied—was 66,692,9821. I will now, with the Pinsekieni silks Umatittee, state to them the estimate of agisseiser• kr SI present year, which as be Maio with • tekiably close approach to the truth, Leh as all the military estimates have been 1614 GM some progress has been nada in voting the shisallemens estimates. The first item is the charge of the debt, whisk ie 27,947,0001. There is • saving in that enema% o• ameramt of the reduction in the Three per Cents. The OW dhow ea the Consolidated Fund, which have beam ma senntbat reduced in consequence of the numer ous itaimeillek have been transferred from the Consolidated Fend to the atiatates, amount to 1,763,0001 The charge for the army, already voted, is 16,214,0001. The charge for the navy, likewise voted, is 16,663,0001.; for the ordnance, 7,808,0001. And I propose to take a vote of credit, in aid of the military services of the year, amounting to 3,000,0001. The estimate for the civil servioes is iii millions; which makes • total for the supply menials of 60,176,0001. I further include for two instalments of the Sardinian lean, user of which is now payable, and the other may become due before the end of the year-1,000,0001. That produces • total of expense, which we are able to estimate with tolerable closeness, of 80,899,9611. I would beg leave to state that the charge of the funded debt which I have specified W eb** • proportion of the expense for the interest of the loan whisk has ban contracted this day, and which now awaits the eoalinnation of parliament. The committee may probably think that the sum of 80 millions, or nearly 81 millions, Is ezensive, as compared with the probable wants of the ensuing year. I fear that any such anticipation would be overpagaise, when we advert to the fact that, daring the test quarter, which has actually expired, con sisting of the maths of January, February, and March of this year, the sum actually expended, disbursed from the Exchequer, has been 19,474,0001. This great increase of expenditure, as the committee will naturally perceive, has boss owing exclusively to the addition caused by the war. Perhaps the committee would wish to know the apnea et the pant year, se compared with those of the last year of pea, and previous years. The total of the expedition for the army, navy, and ordnance, and the vote of credit for the army—in short, the total military expenditure. for 1863 4, was 16,487,0001. The "mount of the *Like items in last year was 30,121,0001. The spas esti mated as necessary for the corresponding 'salamis this year unmet to 43,676,0001. I will further, for the tater - nation of the committees state the progress of that men ditties in quarters. In the quarter endin g Jamory, 1164, the expense of the supply services (including the sail service, which does not disturb the comparison), was 4,1104,1001. la the quarter ending April, 1864, it war , Lwow. Is the quarter ending the 6th of July, it a as 7,44601001. In the quarter ending the 10th of October. l e st it was 8,600,0001. In the quarter ending the 6th of January last it was 8,600,0001. ; and in the quarter -ending the 31st of Mame last, 11,664,0001. I will now stab • the estimated inane of the year, on which we rely to es at the expenditure I have just laid before the hewer. 1 a timen that the Customs is the ensuing year *tat Bondage twenty millions sad • ball, in which sum is laguded that poetics of the tea day whisk would have ban abandoeed ' J the act passed at the begin ning of this oasis" had not' b ees p ane d. Th a t is a l , say, i s includes that portion of ik .e tea duty which mu remised by that act. The Prod ace of the Excise is taken at 17,070.0001. ; of the at Imps at 6,815,0001., exclusively 0(480,0001., the existinf ; stamp duty on newspapers. The land sad assessed tan I estimate at 2,920,0001. ; property tax, 13,63 6 . 0001 . ; Par t-oflice, 1,160,0001., to which is to be added 288,000/. for if .0 proposed postage duty on news aim's; wows lair is, 260,0001 ; miscellaneous, 800,0001. ; total, 53, 339 , 0001 . The estimated expenditure, as I have 'inst i l Kited, el punts to 80,899,9611. I further include is the estimate r,f the expenditure of this year a sum of 1,000,0001. fa t rays and means bills issued in the last quarter, and which yr ,1 be due this year, required by the Commie. ensue of tb • National Debt in consequence of sake of stook bolos ging to savings banks, and which will be sup plied from . the revenue of this quarter. I farther propose to take, in order to guard ',east these contingencies whisk may no t unreasonably be expected, a amnia of 4,440,0001. The 11 its of credit of 3,000,0001. will be immediately solidi cab', . to the military services; but a addition to that vote of Credit so appropriated, I propose to leave an us. ar,propriatad margin of earplug revenue of teat 'amount. This will make the Mal estimate of . the expenditure for nest year 86,339,0001. (Sean • *ion.) I have already stated that the estimated it ' wean frost the enlacing taxes amounts to 63,339,0001. We have, *tram, to provide for the services of the ensuing ' year a deficit consislog of the difference between 86,339,0001. and 63,339,0001., befog a deficit of 23 millions. , t (allaaatiaas of glirPrba) Sir, the question now ions for ... Um I 1 e , aisti selli I Ira bee ea I Yir OM 1 • i be \ be in N i 1 - , IMPERIAL PARLIAMENT. HOUSE OF LORDS.—FankAY, APRIL 20. Tito Loan CaAaoar.toa took his ant ea the wools** at o S o'clock. The Combtido Uninnity sad Town Water Bill sad the Tatman Oas Bill wars severally road a third tins sad CONVENTION pare CONVENTION WITH SARDINIA BILL. Lord WODBROUSS said in this Oscar* of the Surstary of State for Torcirra Alain, ha bawd to non the second reading of this bill, which was to 'sable her llnivey to advance a sass of now by way of luta to the Kin at Sardinia The sauna reading was than turned to, and their lord ships adj Jawed at a quarter past in. HOUSE OF COMMONS.—FmAT, Atm 20. The SPLISI took the chair at 4 o'clock. The following bills were read a third time and pissed, via. :—Bamer Market* and Ps b lie Institution; Belfast and County Down Railway ; Colchester Stout Valley, Sudbury, and H a lstead Railway ; Orand Jusotioa Water ; Great Northern Railway (Isamu of Capital) ; Lancaster Water iand Om ; South Wales Miami Railway ; Southwark and Vain:bail Water ; Vele of Noah Railway ; and Woolwich Ignitable Gas; Bills. The fullowieg bills, the reports ea which had been ordered to Ile upon the table, were considered sad ordered to be read a third time, via. :—Jedburgh Railway; Llynvi Valley and Bridgend Railways; Neweastle-nader-Lyme Gas; sad Oldham Gas sad Water ; Bills. NOTICE OF MOTION. CHURCH-RATER By Mr. Parrs, that as an emeadatent to the second read. the of Sir W. Clay's Chunk Rates Abolition Bill, he would woe for Inv* to brim ia a bill to relieve dissenter from renal' charges, and etherwies to amend the laws relating to church sates. A FRAUD UPON THE REVENUE. Mr. FULLER wished to ask this Chancellor of the Er. chooser whether his attention bad been called to a great imm sit los sew gam en is psalm lemigs hops is lotplieh pothole ; whether*, Osurwm of the 'abed 11~100 had kid their *lentils sailed to it ; and whether ray pr► em**. woo la be taken ageism the poetise who had per petrated this Med P The CHANCELLOR of the EXCHEQUER believed MO the tread was net carried on to say great extant. Is eine fasten°, isforstation was reesived that it was about to be attempted, and three °Seen of the Island Revenue were mat to watch the premises. The party however re. seised an intimation, sad stripped of the Boglish pockets from - the hops. The attention of the excise bad bees divested to the antdect, but they had every reason to think that the hand was coafised within very narrow limits. THE COLONIAL CHURCH. Mr. DUFFY rose to ask a coneetioa with regard to the MMus of the dunk of Zeeland in the Australian *Aosta, ' and wall proseedieg to make • statanset " in explanation," esffisa Mr. GLADSTONE rose to order. The hon. gentles 's, under colour of explaisiag a gentian, was in reality enter img into matters whisk were of as extremely disputable mew, and which he (Mr. Gladstone) was prepared to eentrovert. The SPEAKER having ruled that the hon. gentleman was oat of seder, Mr. DUFFY said he would sow ermine himself to sim ply pattinei stvi tli 2 e question , end would take soother cope , . tad of the house. (Hear bear.)fty of the subject before He to ask the Under-Secretary far the Colo: ales whether the government had directed any departure to be mad* from the Pen of religious equality whisk had hitherto bees eslnti in the colonies of Australia, and whether the royal meet had been withheld from a bill which passed the legislative caused of Victoria in Novem ber last, onffilied "an act to enable the bishop., deny, Nil laity ei IMO united church of England and Ireland, - in Wiwi*, rr for the regulatios of the drain of the alli ffiteale. implied that the government had gives no ffilbeelfireemsZenbject to which the question related. The MI too bus. member alludedlhad been referred to , On palm= Oho ezemined bills revolved from the solo- ri ews h i e i llint (Mr. Belk) had not yet sun it. He thought it bewever, to add that the b il l had not bus passed by lie vs Council of Victoria is sousequense of any I ::ations that they lied received from the home go (Hoer, hear) CHARGES ON SHIPPING. Mr. TOLLEMACHE asked the Vies President of the Board of Trade if it was the intention of her Majesty's government to introduce a measure this session for carrying I oat the recommendations contained in the report of the I isimusiesionen appoiated to inluire into the charges on I skipping. Mr. BOUVERIE said the inquiries of the commissioners were not quite complete, and their report as regarded Ire land had not yet been laid upon the table. Their report as I to England embraced a variety of subjects, some of which were of considerable difficulty. and were complicated by a peat sow load qualm's. Ha did not think it likeg that be should be able to lay epee the table this session any measure imbruing all the recommendations of the out noissionen; bethe:bed head a bill is theoilloe almost ready, which partially dealt with the questioe, and he hoped to be ibis shortly to 'strode,* that. THE bOrn REGIMENT. Lord W. GRAHAM bogged to ask the Vain lioare tery for War whether a detachment of the Sl* Zwitseat had been ordered from Forrnoy to Dehlia, theses as,,. to Liverpool, where they were emboeliel es beard the Alma foe the Crimea ; whittle r they wow that brought round to Portsmouth, and kept on beard several days, till the Guards arrived alongside the vessel; whether at the last moment, they were ordered ma slue without their baggage ; and whether their baggage Wiwi for the Crimea, while the soldiers were left behind? Mr. PEEL said it had been Wooled that the Alma should take the detachment cf the 60th Regiment to Malta, and not to the Crimea. When the vemelarrived at Ports mouth the medical dean there were of 'plebs that the whole of.tbe troops on board could not poem* without dew. ger of overcrowding to an ez'ent injurious to their health; and this detachment was consequently diessharked. As to the last question, the Quartermaster-Gemerel lad informed him that he was not aware whether the lwggega lad bees taken to the Crimea without the men, bat he t it wu very unlikely. (Laughter.) THE MINIE RIFLE. Colette' NORTir,elteiilieElerk of the Ordsasos if the Guards who sailed for the Crimea is the Alma were to be furnished with Minis rides when they arrived at Baia klara ? Mr. MONSELL /*plied is the affirmative, and he was happy to add, epos the authority of the Adjutut•Oeneni, that the whole of the army in the Crimea was sow armed with that wespos. (Cheers.) LORD DU Capteie BCOBELL eked whether itwee Intended by the governmeat to entertain the proposition of Admiral the Earl of Dandassld ; sod, if not, whether the government would object to the " searching investigation" into the merits of the Ow which the Earl of Dandonald (*Miaow M Whin Vissoush rALIESEETON said the Earl of Dundonald was a most ilieelessisbad officer, and one tbst combined naval and penolsel akterlanee with very deep mimics. Thal noble earl lid kw mom time submitted to the government of the day a yin wlish be conceived would molly facili tate naval atoms ipso tortuous. That plea was referred bet Tsar to anal risers and scientific ass. It was still emir the sangiimelisa of her Majesty's governmeat ; and as these eleemileates he (the noble viewsunt) ris seeht set On fits precise answer to the quession. n it wee eseugh Mam that the professional sad s ci entile mom to tolostaffiMOM bed bees submitted were of opiwiss ISM grave eMee weeld lie in the way of a prated' s& emir Sea of the Mr. MUM risked to ask whether the statement WWI true that the geweiuseet bad given orders to the troops to sweet tie Nem el Sebastopol during the bombardment ? Vietnam PALMERSTON—No orders have been given by the government *goer to take the town of Sebsetopol r• soon as possible. (Loud laughter.) DEFECTIVEFUEBES. Mr. M. J. BATC.ISI ;Ohid - Whether _ had not been isseived from the engia•s before Sebestopol complaialog that the fusses of the she r amere issfficient and badly mote. Mr. MONSELL most beg the belies to diringuish between mortar sod other fumes. Those invented Id Cap tain Boxer had answered admirably; but letters h been :waived complaining of the mortar fosses. The first eMeiel complaint was dated the 13th of March ; bat private letters had bees seat home at a mach earlier period. A sew fusee had bees invested and tried at fibosburyser with each wens that 6,000 had been sent out to the Crimea; bat within the last few days he had received a letter from Cao tain Ward, the commander of the artillery at Balaklava, ',Whig that he lad discovered a plan by which the old ones could be made perfeetly serviceable. (11•ar, tom) WAYS AND MEANS—THE BUDGET. On the motion of the CHANCILLOI of the Eines *WU, the beam then went into &committee of wale sad mesas. The &Madames both of members sad of Onagers was far from large, tied Omagh the number of those mama lasmeeed, the hems could Namely st say period be mid to be fall. The CHANCELLOR of the EXCHEQUER said-1 feel, sir, that some apology, or at least some exploitation. Is due to the house for the postponement of the flasneial state meat of her Majesty's government till the pretest .nest. It was the wish of the roomiest that that statement should be se semplate sad, so far as lay la their power, se setisfestery to the house ea possible; sad tb, y were sppm hessive that if shortly after the formlatkos of a sow admi oistration, sad shortly after the appoialmeat of a sew Chats *snot of the ltzettapeer, that statemeat had bees male, it would hays bees leas setisfeetcal the* if a lapse( tine had bees sitowed to elapse. They Was felt that then would be as detect,* Is wailful tilt the ilameisl you had /s -pied, bemuse it would aerie them to by the maul mesa% h a =Lye prima Nom before the hoses. At the lama time, the osaisaessas et Wham lei bat Lady beset berm, sad hoe MMenty's emenumaf thank, it would be mere seemly If at the erwownf o n me o f pool • • ,DAY. EVENING, APRIL 21, 1855. 2106, , of the Muse how aids deficiency is to be r will be my duty to submit to their ea says and moans by which that deaden* good." Alluding to the oblations that had Item urged against the principle of a indeed loan, and dlieg the authority of lir. Hume on that point, Sir O. C. yowls declared that it wen not always possible, or if pos sible see expedient, to Reims the whole annual expenditure a lie immuntry by taxes levied within the year. Sixteen =rid be raised by borrowing ; and in addition the t ;reposed to augment the revenue from tax ation by aunt of 6,300,0001. " I will now, with the meridi an of the committee, state to them the manner ia which that addition is proposed to be effected. In the fret plate, we propose to make an addition to the moat duty on sugar of M. per cwt., to be varied &word ing to the quality. That addition is estimated to products • sum of 1,200,0001. Is jertifioaticia of that proposal, I will, with the permission of the manatee, state to them briefly some AM with regard to the recent production and con I samgela of agar. The stock of sugar, ea April 14 last, tireelfl,lBl My, and at the same date last year the stock Me AMMO Ina In oonsequenes of the large supplies, libi sheet prise of sugar—that is to say, the price of SOW wiliest the duty, is lower by lie. or 4s. a rub Om ft was a year ago. I will now briefly elate the imperative prices of sugar sines 1844. The Memittee will see from the statement I am about to Used. that even with the proposed addition to the mouth Mee, the pries to the imeanmer will be coseiderably lower Om it was eons years ago. In 1844 the quantity of sqpio inverted was 4,129,000 owt., the price in bond was 330. 81., the duty 258. 24., and consequently the full price to the isnimuner was 68s. 10d. In 1148, after the alteration in the daty, the importation incensed to 6,220,000 cwt., the pries it bled was 345. 6d., the duty 145., and the fall prise mss. id. Ia 1864 the imports increased to 8,096" the prise in bead was 26e., the duty its., and the fall peke 178. Under the new duties, taking the present prise la bond 23.., and adding to it the duty,l6l.,the fell pries* the consumer will be 88s., or only Is. more than it was lest year, 10s. lass than it was Ia 1848, and Ws. less than it was in 1844. W. further proms an additional duty of one penny per pound oa tuffs*. The present duty is 3d., which I think is extremely moderato. I propose to in crease it to 4d.; this increase I estimate will prodaes an additional revenue of 160,0001. I have already stated that the reduction in the duty on tea, w,.icit would have taken place this year, has been arrested by an act passed is the beginning of the year; I now propose to make same addition to the duty ea tea. (Laughter.) In 1863 the duty on tea was 2s. 214. per pound, in the tint you of the new wale it was reduced to Is. 104., and the next year le le. 6d., at which it now stands. I propose to increase it le 18. 9d., which will be less than the rate at which it steed in the first year of the redaction ; that addition to the du* I estimate to produce 750,0001., which will make • torsi addition to the revenue derived from the custom duties of 2,100,00 W. With regard to the stamp duties, they hue undergone a systematic revision within the last few yam, sad it is not my intention to propose any alteration in them, with one exception, viz., to remove the exemption which applies to cheques drawn on *alum They are now exempt from all duty provided the penes drawing the cheque is within 16 miles of the banker's pleee of business. These cheques are now outside the law, and the exemption is also a means of diminishing the duty en seselpts, se, from those cheques being exempt from the eleasp, they an often made to perform the duty of receipts. I propose to withdraw the exemption, and I estimate the change will produce 200,0001. (Chem.) I now One, air, to the excise duties. The only excise duty in which I propose an augmentation is that on spirits. (Hear, Deer.) My proposal is to assimilate the duty on Sootek spirits to that on English spirits. (Cheers.) The duty en Hagfish spirits is now 7m. 104. a gallon ; the duty on Scotch Isis. I propose to equalise these duties. (Hear, hear.) The present duty on spirits in Ireland is 48. a gallon. On account of the circumstances of Inland I do not propose to raise —(sheen and laughter)— l ea esseant of the present circumstances of Ireland, and also ea easseme of the lower rate which has been charged on bib girlie, I do not pewees to shushes the duty on them to that 'barged on English spirits, but I propose to raise it le M. a gallon. (Chun and laughter.) The additions which were last year made to the spirit duties, both in Ire. Mil and Scotland, have not produced any increase of illicit dlistillatios, nor have they diminished consumption. I will Mato, with the permission of the committee, the compara tive senumption of spirits in England. Scotland, and Inlaid Whig the last two years. In the financial year 1863-54, the almeareption of spirits in England was 10,31/4111 gibes, he 1854.65, it was 10 839,000 gallons; Is Ilesind, Os eiesamptioa in 1853.54 was 8,634,000 pews i is 116446 it was 8,653,000, showing a dos bereses of consumption, notwithstanding as brow of duty. In Ireland, the consump ffielt 1. 1863.54 was 8,138,000 gallons ; in 1854.66 it had Men to 8,443,000. From our experience of the past increase in the duty on spirits I am tempted to advance farther in the same direction. When I find that • consi derable amount can be raised from spirits wiliest lamas leg illicit distillation, and smuggling, and all the evils that follow in their trais, I think they are as fair and as legi timate an object of taxation during the heavy expenditure of a war as can be. (Hear, hear.) I am not • sanguine projector, but I do not think I make an excessive estimate when I calculate on an additional from this MON a 1,100,0001. The additional the customs, stamps, and excise will thus be 3,300,0001. In seder, therefore, to raise a sum sufficient for the service of the year it will be necessary to propose some addition to the direct taxation. The additicas made bit year to the direct and indirect taxation were la this proportion, the increase in the ladling taxation was sakeland to produce 2,800,0001, and that is the direct iluatioa 5 667 0001. There was thus • greater bureau fa direct the " taxation, mere than double that in the MOM In the plan we have mew the honour to submit it has been thought desirable to threw the excess on the other side of the male, and to levy a larger sum by Mired Unitise, a Ism 'um by direct. (Hear, hear.) We propose to Moe 11.1110,0001. by indbeet taxation, which will leave two MI NISI be be raised by Meet taxation. Now, sir, the asebir ,of direct taxes to width we could have recourse is notlerge. ;The land tax Ia this emstry la of a unbar Ratan, it is se ;Bud in the dilbsent Militias, ant subject to redemption, titat say bureau of it would be havossibk, except in a per ; 111 degree, sad with very great trouble. The only direst Illanle of say magnitude to whisk ear attention we directed wale the hues tax and the messed taxes. With regard to the luau tax its pudic* is net very considerable, ealy between 'eves and eight Medved thousand peuadm end even if it was doubled, and some extension gives* he area, it still would not produce above a million of eh& dowel smuts. It is, after all, only a species of bone tax. The same may be said of the assessed tam. They fall on a narrower class of persons than the Mogan tax, but they are subject to the °hie's** that they are My a mufti form of income tax, and that any increase of lima maid interfere with employment. The government, after earetel consideration, have coma to the conclusion, that ,tie best form of direct texatioa in existence is the income tax; it reaches the largest number of perms, it falls with fairness *a the different clams of incomes, and any additional sum tan be collected by the existing machinery, thus obviating the necessity of impulse sew taxes, and creating a new inspec tion sad new Excise machinery for an extraordinary ex penditatiet. we hope will not be of long duration. Oa the w proms that the sum of two millions should be raised by an addition to the income tax, that sum will be raised by simply adding one per cent. to the present tax ; that is by ridding 2d. in the pound to the 14d., which is the pressat rate of Moms tax. Of this sum of two millions, one sillies will be receivable this year. This addition to the Mom tax, with the increase in:the indirect MUM, will produce the sum of 6,800,0001., which, together with the lona I have already meationed and the sum of three mil kiest of Exchequer Bills for the issue of which we peewee to take power equivalent to the vote of credit taken ia former years, will make up the sum necessary for the monies of the year. I will now state precisely tha ways and mesas I propose to provide. I have stated the 'barge for the year to be 88,339,0601. I estimate the re venue from existing taxes at 82,339,0001. ; the loan 18,000,0001. ; the new taus receivable in the year 1856 6 4,100,0001. 1 take four millions because one million of the immossed Monte tax will sot be receivable this year; an d I she, to avoid say appearance of manias ealealato , r i t . omit 800,0001. of the indirect taxation, although the a swam, has been made on a very moderate ealealatie, e , because I wish to leave • margin for a decrees* ir', ceeempt i ee. Omittiag, therefore, this 100,0001., 4 f urt h er 18 ,1 pees to ask the house for vovmer to ism, it me of wicessity, three millions of Viditienal Basbowase Dills, it beteg understood that this if sae wii IN, wain lay deematensime, take place until t'es hat bastalameat of the 15.., payable in December, shall hays been paid est This will maks the total of the ways and mesas 111,1118,11101. To Otilthle in, country to bear the Increased dew the details SOP stelerstbs M mei of which I have now sabssitteti to the houbs. nothing Is De -011481,7 but that its reeoeroee choild remain unimpaired, l and that the vast immense of wealth which has been going on without thearruption for many yesse Pest elonin net suffer any diminution in consequence of the sinister luau eau of the war. Now, sir, there is ousel's:* of fesentenle anticipation to which I think hardly sufficient a:tentten has been paid in this house, sad for which it "as to me scarcely sufficient credit boa been g►!ea to the late government—l mean the measure adopted with regard to the trod' with antral nations. It is well known that daring the last war a great portion of the dis tress and calamity was owing to the measures adopted in reprisal for the Berlin and Milan decrees. Thom impolitic orders in Conseil deprived u of the trade with neutral nations, and created an amount of loss and disturbance of commerce which it is scarcely an exaggeration to say was equal to the whole loss and suffering created by the in creased taxation. From that muse of national loss the country has fortunately been saved by the measures adopted with regard to the trade with neutral nations. The conse quence of them measures and of the liberty of commons which snow prevails is, that a vast increase continues to take place in the amount of our foreign trade. In estimating the present power of the country to bear increased taxation, I beg to all the attention of the committee to a comparison between our imports and exports in the year in which the French war broke out, a year of peace, and those of the year before last. In 1793 the imports date United Kingdom amounted t 07,860,0001., in 1818 they were 33,987,0001., and in 1853 they were 123,099,000/. The exports were—in 1793, 18,488,0001. ; in 1818 they were 68,609,000/4 and in 1853, 342,322,000/. These figures, sir, prove the enormous increase of the trade of this country since the beginning of the French war and ever since the peace, and they prove that an enormous menet of wealth exists in the country frem which judi. ' clout taxation will obtain large supplies for any extraordi nary expsaditure. I fear, sir, that it has been necessary for me to have troubled the committee for a considerable time—(cheers)—bar: in laying the fasts before them I would rather appear tedious than subject myself to the charge of having withheld from the knowledge of the committee any fact that was material. This plan, sir, bar been pro posed in a spirit of perfect fairness to the different inter- este ameeraed. I submit it to the hoots in the confidence that it will receive an impartial and fair consideration. I hope that in passing judgment on the ways and means by which the government propose to meet the exigencies of the year the how will take the whole plan into considera tion at once, and not single oat any particular portion of it, but form a combined estimate of the scheme proposed by the government without any partial view. If the house reject the plan now proposed we must look to some practical alternative —to some other equally efts flout means of providing for the write of the year. I presume that the committee will wish some information as to the loan which has been this day contracted. Ia pro posing that loan to the public** government requires that it should receive 1001. in money for every 1001. stock crested, in order to avoid that state of things which some times occurred daring the last war—a large debt in stock being created for which the government received but an imperfect equivalent. By the mode which we have adopted we shall receive 1001. for every 1001. stock. I may hers call the attention of the committee to the large amount of the debts contracted in put years, when compared with the amount of money received. In 1798, a loan of 17,000,0001. was effected, but stock was created to the amount of 34,000,0001.; in 1802 a sumo( 28,000,0001.wu borrowed, but the stock created amounted to 49,000,0001.; in 1813 a loan of 27,000,0001. was raised, white the stock created was 45,000,0001., and finally in 1815 a loan of 26,000,0001. sterling led to the creation of 66,000,0001. stock. By adopt ing, however, the coarse which we have followed we at least have secured to the public 1001. money for every 1001. stock. The security for the loan will consist of consols taken at par, and a terminable annuity of 14s. 67. per cent., which would neceasaril expire in thirty years. We have every reason to believe that the terms of that loan are fair as between contractors and the public, and that the public has every reason to be satisfied with it. (Rear, hear.) The' right hon. gentleman concluded by moving formal resolu tions embodying the principles of the foregoing statement." Mr. A. BMITH asked if the Chancellor of the Exchequer pare notice to the parties from whom he obtained the loan that day of his intention to impose taxes which would vir tually affect the value of Bank Annuities / The CHANCELLOR of the EXCHEQUER said that it was impossible for the government to make any statement of alterations 'in taxation until they had submitted those alterations to parliament. (Hear, bear.) Mr. LAING said that, although that was not the time to go into the minute details of the plan which had been pro posed by the government, he thought the subject was too important to allow of the resolutions whi , .h had been read from the chair being passed entirely sub ailontio. This wintry was now at the commencement of what, if the war continued, would prove to be a series of loan., and parlia ment ought, therefore, to be extremely careful in assen.ing to anything at the outset which might seem to lay down the principle upon which those loans were to be contrasted. An obvious objection to the plan proposed by the Chan cellor of the Exchequer was that it was neither one thing nor the other, that it could lay claim neither to the advantages of • perpetual debt nor of a terminable annuity. He could understand that a Chancellor of the Exchequer, finding the available nature of the Three per Cents., should, throwing all consideration for posterity aside, effe c t a loan through the means of these funds. He could also very well understand • financial minister, wishing in the circumstances in which we were placed, to throw as much of the burden of the present con test as they could bear upon the shoulders of the existing generation, snaking use of • system of terminable annuities, in order to 'Stet that object. But the plan now sebenitt-ct to the committee adopted neither of these modes. and seemed at all event& at the first knob, to be calculated to cease may of the evils analog from both systems. The Chan cellor of the Exchequer sussed to consider that a system ot terminable annuities was impracticable, that money could net le elitened urn them. How co uld be support that idea when he oonsidend the large sum of stoney, up wards of 100,000,0001., whisk was invested is foreign rail way sham of a terminable nature ? This me feet proved cenelmively that there would be no diffieulty in obtaining matey upon such • Mee of security. la the mode whisk the goveranent now pureed, there wan no prospect of • mans for decrusiag the national debt. Ms need not refer to alaklag feeds; every see had come to th e concession that th ey were a mere Mimics. The fact was, that the adoption of a system- of terminable inanities was a. Isere quake of rice. (Hear, hem.) He would unitise to say that if the government tame into the market and offered annuities of 4,5, or 6 per cent. for 60 or 100 years, there would be no difficulty in finding parchmen ; and by adopting this prin ciple in all transactions of the kind, a market for that elms of esearities would be formed. In all transactions el this hill 111•111kies ought to be kept in view—that the price of Meanie Me waked by Manistee*, beyond the actual IMAMe value of that elms of stock. Consols were the only legitimate investment for vast sums of Irma =lays, and hence their market value was enhanced. Then was another matter conaseted with this subject to white he wend refer, imam& as it had exercised an in jurious effect upon the funds, and so affected, injuriously for the public, the present loan. This was the sale which had taken place at different times by the government broker of savings bank fends. The result of this procedure Wl , lll t' keep teed. bale. so, seetwttostandazg the easiness of the stoney market. This, of count, would have an injurious effect upon the loan; still more so from the course which the government had followed with regard to offering it to capitalists. There were two warns open in these matters ; the first to offer a pursed loan to the nation at large, or to do so through the large capitalists, who then mud as a species of middle men. He did not share the feelings of many, with regard to middle-men ; but, on the contrary, believed that la esetaia same they might be of great service to the gourmand and to the country. But, upon the pre- I sent occasion, it would appear that government bad taken I so means of insuring that competition without which any system scald not fail to act inadequatily to the guile bora. 11411 in sitting sown, he would say one word skit Meal to the proposed addition to the taxation of the egethey. Ile Beet confess that he had heard the plan e( the Obninelin of the Exchequer with much regret, for be esanduall it wrong in principle, and, from ita interior saes with emanterct, highly objectionable in practise. He could not understand—when the people wen willing to pay what was requisite in the present exigencisa of the country, and the income tax remained below the level 1 which it reached in the last war—why the government had mot rai,ed the necessary funds by further increasing that tax. He trusted the home would leaks a stand on.this point, and insist that the principle upon which, of late years, parlia ment had proceeded, should be adhered to. He hoped, if necessary, that they would rather consent to pay 10 per out. intone tan while the war continued, than fritter away the swats of trade and impair the condition of the workbag Oasis& Me. GLADSTONE was induced to rise at that early stage ot the discussion because be did not feel certain whether the committee was aware of the precise eaten sad bearing el the qualms which had been pat hem the chair, and posed in the excellent speech of his eight bon. friend—a . speech he might be permitted to say distinguished as mush for its candour and fattens as its slearmen (Hear, beer.) In that speech be had only to lama cue ledeliels. no was, that his right hen. friend bad Mit elated bets the COW of the votes he intended to ask kw tonight sad their meet effect sad chanter, and if be (Mr. Gladness) presumed to explain what be &preheated to Do their natant and Ma. racier, it was only with the new of assisting the eameltne in arriving at a casein/let, end of course subject MS MN* dos from his right hoe. Mud if he *m be Is gem (Hear, hear.) He applauded hie right berliked meta oak the committee that eight for a vets Ile whole subject of the lore fib which he bad made and be presumed, thug! es his right hen. beget stated it, he would them goon to ark for • series °father votes tion, on which he must reserve his judgment. His righ t to eatable him to levy the new tun he had mentioned, so boo. friend had opened his spew referring to the time far u they behoved to tie doss and character of indirect at which be had made his al statement, a n d b e taxation. (Hear, hear.) If be was right in this assuage- *fright its necessary to make an apology for no t the votes for which his right hon. friend would ask brought forward an exposition of his views at an earlier wen entirely different in their substantial and real charm- period than the 20th of April. There was certainly on e tn. If his right bon. friend asked for a vote to enable him reason why it was desirable, if he could have d one so, th at hoifm the have availed tobi,o hi r m ai se se ll as to levy an Increased duly en sugar, cm tea, on coffee, and on he should have stated his financial views to the House of spirits tornonew morning, he would be in &condition to say Commons at • very early period, and that was the rapid that that vote would nut in any way commit the house in . growth of the public expenditure , which in the loot - 'egged to its final judgment on those propositions, sad that had outstripped all calculation, and had pressed so heavily an ro mber who concurred in the formal vote now sub- on the immediate resources of the Exchequer, th at i f the Edited wet al boas free at the next stage of the proceedings minister did not come to parliament for supplies, it we e d to ta hi different course and reverse that decisi on oft hive n right hon. gentlemen if he had favourable state in the vote. (Hear, hear.) But what be feared was money by the sale of stock. His honourable friend below that the committee might suppose the proceeding upon the him ( r. Laing) had observed on that pint ;he (Mr. Gl a d. teas was analogous . ( Seer. ) Hie conviction and belief on stone) was responsible for some such proceedings, and his W contrary were—not beeline, of any fault or neglect on honourable friend had also pursued the same track, The **part of his right hon. friend, but because of the prac- real truth, however, was that, in time of peace, it was tioe of the house, and the necessity of the thae—that his right easy to propose to the Houle of Commons a financial lion. friend was asking the committee to give a vote on the arrangement which was to last twelve months; but subject of the loan which would be virtually binding and in time of war it was very difficult to do so, although eouclusive as between the state end the contractors. Ia a it might be annoying to the house to be pressed with technical sense therefore and in • constitutional sense in re- new proposals for increased taxation, and it was of course breath to the power of dividing the house hereafter, or in desirable to adhere to the arrangements of one financial reference to the omaipoteace of parliament, the vote as to statement. Last year, although he was anxious to the terms of the loan differed fundamentally from that in come to i seliament for its sanction to financial arrange. ✓egard to the imposition of taxes. (Hoar.) In the one pants, it was found to be inconvenient to the Louie ems they were merely called upon on the present occasion to be asked twice to make pecuniary provision to give a technical vote, but in the other the for the public service, and therefore he thought hi s wore asked to commit themeelvo4to this loan of 16,000,0001. right hon. friend was quite right in waiting for the with all its conditions—(hear)—that was • distinct aye or usual time, and in using Lie discretioaary powers to r a i se no to the arrangement proposed, as between the state and money rather than to come down at an earlier Pertain contractors who were about to lend them 16,000,0001, period with a budget and a scheme of taxation which might and having once given that tote it would ant be competent have to be altered before the conclusion of the session. He for the house to interfere in any way with the (Mr. Gladstone), therefore, was almost about to object in an conditions of the contract. lie was not prepared to with- opposite direction, and say that his right hon. friend would hold his affirmative vote from the proposal of the right hen. have done well to have postponed his budget and the pro. gentleman that the house should affirm the provisional eon- ceediog with his loan for a few days, or even for a fortni g ht tract which had been entered into; bat before he said any- longer. He said that with reference to a matter tbJg on the merits of that coatract he would express his of van Importance—the negotiations now going on earnest desire that for fear of possible misunderstanding the at Vienna, on the Issue of which would depend resolution should be separated into two parts, so as to ex- whether the expenditure for the year would be elude from their present consideration that portion of in excess or ender the 86,000,0001., at which it was estimated It which related to the peculiar arrangements proposed by —although, if peace were concluded to-morrow, the taper. his right hon. friend for the repayment of the loan. (Hear.) diture in this year would be greater than that of last year, His right hon. friend had proposed an arrangement in re- yet thergorould be some immediate reductions, such, for spect to which he (Mr. Gladstone) gave him credit, not for instance, as the 4,000,0001. now voted for the 'Midis, which the best merely, but for the very highest intentions. That might be reduced to 3,000,0001., and the 6,000,0001. re . arrangement was obviously an effort on the part of his spired for the transport service, and th e 8,000,0001. for right hon. friend to vindicate the principle that we should the Ordnance, mato! which wasnemesary for weekly, daily, transmit as little as we could of the burdens of the war to and hourly consumption in time of war, but the necessity for those who follow after ay, and make provision as far as we which would terminate with the war. Large sums were could to discharge thew, burdens ourselves. (Hear, hear) immediately canaected with the expenditure for the war, At the same time, he (Mr. Gladstone) felt great doubt and and be should have been glad if they had not been called difficulty, without expressing, however, any conclusive on that night to take any steps in settling the financial pre judgment in the matter—as to the particular pre• vision of the year, when they might expect from day to day visions of that arrangement, sad therefore ventured to learn the issue of the conferences at Vienna. He might to request that time should be afforded for their consideration. be told that the war might be finished at any time, (Hear, hear.) What he feared was, that if they cams to a and that by making prevision for a war expendi resoliition that evening upon • vote which was understood Lure, you were not aeccuazily bound to go on to be binding as to the substance of the arrangement, the with that war. But such progress had been made house and the committee might find hereafter that it had in the negotiations, that they had arrived at the third parted with its liberty as regarded the peculiar arrange- out of fourponditions, and it was the universal convictionthat menuproposed by hie right hon.friend for the repayment of on that condition the whole question at issue must either the loan, and that the resolution of the house that night fail or succeed ; and as in a few days it would be known would be taken as the real and substantial contract as whether the negotiations had failed or succeeded, it would between the state and the lenders of the money. What he perhaps have been better if the financial statement had would suggest to bin right hon. friend was, that the provi- been postponed. He saw his hon. friend the Secretary to non in respect to the repayment (supposing his right hon. the Treasury shake his bead—(laughter),—and he thought friend did not look upon it as any part of the bargain) he knew his meaning. He was sufficiently familiar with his should be separated from the rest of the resolution, and lett hon. friend's mode of thought to know that that shake for discussion at some future time. So separated, he was of the head had as much meaning as that of not aware of any strong meson why a vote should not be at Lord Burleigh, in the " Critic," and no doubt he meant once taken upon the resolution authorising the loan. that if the budget was postponed he could not go on. It (Cheers.) He had listened with great interest to the speech was true, perhaps, that the necessities of his right hon. of the bon. gentlemen the member for Wick (Mr. Laing), friend might have compelled him to ask to be allowed to and with great , sympathy for the English spirit it exhibited, make temporary provision for the public service, but without but he was not prepared to concur with him in saying involving any important financial question. There was that it was the duty of his right hon. friend to another point with reference to the vote of that night is propose to the house on the mica occasion to which It might assume a still more important aspect. It raise tie income tax to ten per cent. (Cheers.) was impossible to overrate the imp .rtance of the issue In his (Mr. Gladstone's) opinion, if all the payers of the in- of the negotiations which were now going oe, come tax were in the same circumstances as those who had and he was pained to see some signs of levity jun listened to the speech of his right hon. friend, and who displayed with reference to matters of such tremendous sat on the benches of that house, it would have beau right import. He apprehended that when these negotiations and proper, and even, perhaps, obligatory on his right hon. were concluded, whether (as God grant they might) they friend to have raised the income tax to 10 per cent.; that resulted in peace, or in a prolongation of the war, the house would have been, perhaps, the easiest, the fairest, and the would be called on to pass their judgment upon them. The simplest financial measure. But it was only those house would have to determine whether the govern who were conversant with the management of the meat had in those negotiations conceded too much apnoea of this country who knew how severe was the or too little, and had done their duty in deciding pressure of the income tax when it approached the classes on the terms on which peace might have been coa. whom it touched in its lower limits. (Hear, hear.) It eluded. It was hardly possible to state adequately was a doubtful question whether you could carry the income the responsibility thus incurred. You could not corns taxto its war limit of 10 per cent. without undertaking to out of those conferences as you went into them. (Hear, solve • most difficult problem; namely, the extension of the bear.) If the only question in the conference was the con income tax downwards beyond the point at which it now tinuance of the war the relations of the European powers stood. (Hear, hear.) The income tax was now levied on would still be different to those which they fuimerly held; persona possessing 1001. a year, and it thus took with it the but there was • high probability, indeed almost a certainty, whole of the educated classes; for those of that that if you came out of the conference with no result, the class whose incomes went below 1001. • year were relations between this country and the other powers would small in number, and although there were • labourers be essentially changed, and the question as to how the house and mechanics whose income reached that lammed, yet would deal with that new position was one of gigantic int their number was also extremely limited. The dividing portance. All that he wished was that be should net lino of 1001. a year was, therefore, aline drawn between the be concluded by the vote he was about to give, that there educated class, so to speak, and the class below them. In should b., no misunderstanding, and that it should not be point of fact, measuring the distinction between wealth and said that by making a pecuniary provision for the year, the poverty, not merely by figures, but with relation house bad committed itself to the is.ne of the conferences. to social circumstances and wants, those of the The mere financial disadvantage of a loan he was prepared educated class who were possessed only of 1001. to meet rather than that there should appear to be any a year were really poorer than those who with difference with the government, but the claim to an lees education were possessed of 701. or 801. • year. absolute freedom of judgment on the negotiations now going (Hear, hear.) It was, therefore, not merely a fiscal quer- on, and a right to pass his opinion on the future conduct Lion of raising the income-tax to 10 per cent. He had no of the war, he felt it to be a solemn duty to reserve to him doubt that if the war was protracted the income-tax must self. At the same time he would give a vote which would be raised to 10 per cant.; but if it was done it would be be binding with regard to the provisional contract made by as weary to consider the question of classes, and you would his right hon. friend, and although retaining all his former have at ones a great political problem as well as a question opinions and feelings with regard to loans, and his desire of administrative machinery to solve. That being so, and that the expenses of the war should be met as far as possible his might hon. friend having that gigantic difficulty by taxation, he was yet prepared to say aye to the propo before him was quite right in the first instance to resort to sition of his right hon. friend. (Hear, hear) other sources of revenue, and he did not quarrel with his Some miscellaneous remarks upon different details of the right hon. friend became he had not had recourse to the budget were offered by Sir F. KELLY, Mr. WILLIANO, Mr. plan of at once raising the income tan to 10 per cent. Still, L. HRTWORTM, Mr. H. Batumi, Mr. J. Id `Gazoim, Mr. although he did not dissent from the course taken by his MONTT, and some other members. right hon. friend, in borrowing a large sum to meet the cur- The resolution was then agreed to. rent expenditure, yet be had not • weaker hopes- After the reading of the resolution having reference to non with regard to the policy of contracting loans for the spirit duties, the public service than when he had, in an official The CHANCELLOR of the EXCHEQUER stated, in awitosity, to provide for the public expenditure. reply to a question from Mr. CRAuFURD, that the govern- If then was one sentence is the speech of his right hon. meat had no intention to make any alteration with regard to friend with regard to which he differed with him, it was t h e drawback on malt. that in which his right hon. friend referred to a very able The resolutions were then agreed to. pamphlet, written by Mr. Newmarch. In that pamphlet Mr: JOHN M'GREGOR regretted the manner in which Mr. Newmarch had examined the proceedings of Mr. Pitt these resolutions were about to be disposed of, for if the in dealing with loans during the revolutionary period,aad his house legalised them, the taxes would commence from to , right hon. friend said that Mr. Newmarch had stated that morrow, and he thought that the country would receive the the loans of Mr. Pitt were contracted on terms much more intelligence with dismay. advantageous to the public than was generally supposed. Toe other resolutions embodying the propositions of the The CHANCELLOR of the EXCHEQUER—The loans Chancellor of the Exchequer were then agreed to, and the lot late years. hones resumed. Mr. GLADSTONE—WeII, then, those of late years. The Intestacy (Scotland) Bill, and the Affirmations But that was not what Mr. Newmar ch had shown ; but he (Scotland) Bill, passed through committee. I had only shown that there would have been greater diffi- THE ARMY BEFORE SEBASTOPOL COMMITTEE. maltase in Mr. Pitt's path if he had proceeded in a different Planner, and that such advantages as the public did obtain On the question of the appointment of a successor to Mr. could not have been realised if he had pursued a different Bann, on the above committee, • good deal of discussion course. What Mr.tlieerniarch really showed was that there erne. Mr. ROEBUCK and Lord PALMERSTON maintained was no mode of borrowing which was advantageous to the that the right to nominate in this instance rested with the public,aad his arguments strengthened his (Mrelladatone's) government. Ultimately, the appointment of Captain opinion with regard to the disadvantage to the public of SCOPILL, the nominee of the opposition, was rejected bi therowing at all, and that any loans, contract them how 81 to 68. The government candidate is Mr. Ds Veal. yes would, must be attended with economic disadvantages On the motion of Mr. Winston ' it was ordered that the 'and *opens, to the public. With those feelings and opinions house at its rising should adjourn till Monday. with regard to the principle of leans, he did not seek to The house immediately adjourned, at eleven o'clock. extenuateor excuse the coarse he took in attempting, on the part of the late government, to induce the country to make a manly and resolute effort in the dimities of meeting the expenses of the year Sir E. B. Lytton, MP dr ed dd on . e Ivor an a r from the current revenue, remembering that there was Wednesday, before the members of the Liter.ay Institute sub a thing as the public interest. But, at the same time, at B uri ti ng ford, a me n t own i n Hertioruhim H e dwelt without receding from the doctrine he then laid down, he chiefly upon the intellectual character of th e E ng li s h e a admitted that there was a limit to its application. You could not expect a free country, nor the representatives of a tocracy, and upon the accessions it is continually receiving free country, to push even a prudenteconemic doctrine to its from other classes. Alluding to the war, in the course of vitvorno Yew had to deal, after all, with flesh and blood, the address, the hon. baronet said—" We, in this county, and you could not snake it bear beyond a certain point. But have had our share in the national glory and the national be would go further, and say that 'hers was a point where the . grief. My nephew assisted to place in a soldier's grave the sudden introduction of lame taxation caused so great a pressure, and so great a wiz disturbance, t h at it was b etter gallant and promising ton of that true country gentians°, to provide money at • disadvantage for he public service Mr. Delnth Radcliffe—(hear, bear)—who, like the Rome than to cause such a disturbance. Re had for some time of old, is about to send forth another son to supply the lost put been aware that owing to the great increase of ex- his country has sustained. dy , (Cheers.) More recen panditurs the government, whether that of Lord Aberdeen . or any other, would have to recognise the necessity ef Ms or Powell, the distinguished eon of a respected neigh . making previsions for the expenses of the year by borrow- bout at Welwyn—(hear, hear)—and Ensign Clutterbuck, ing money ; and he did last year recognise that necessity of a family which Hertfordshire has other causes to eaten", by borrowing, although he had borrowed only in anticiprion have also fallen. (Hear.) Honour to their memories. of taxes ; and although the taxes which would come in They out would come within a 1,000,0001. of the sum so borrowed ; he said, therefore. that it was necessary to have some " With their back to the field and their feet to the foe, larger resort to the national credit if we were to have to And leaving in battle no blot on their name, provide for another year of war expenditure. Holding that Look proudly to h from the death-bed of fame. opinion, he was not prepared to'enter into any minute criti cism with regard to what was to be raised by ken or what COMMERCIAL P TION.—The - HILANTITROPIC INSTITU by taxat or whether his right hon. friend had selected thirty-fourth anniversary of this institution was celebra ted s stock is which to borrow, soundly or not for the e x h s . on Thursday last, when the members and their friend tereste,or whether he should have adopted to a Renter extent dined towhee at the Prince of Wales Tavern, Baur!: the Principle of borrowing by means of terminable street, Bt. Luke's. James Howes, Esq., retiring couro lie agreed with his right hon, friend that it was not warden of St. Luke's, presided as chairman, and was no ble without submitting to extravagant term to have bor. by Captain Moreland, E. Jay, Esq., J. G. London, rowed the whole sum required on that principle. (Hear.) rrt" several other sq., W. Bailey, Ra g., 0. Sinclair, Em., and sou That was, however, a question to be discussed hereafter, gentlemen, vestrymen of the parish. A fter . the cloth • tout' were and o to twoowow now was , whet h er the principle on " fah withdrawn, the usual loyal and patriotic The tout of =ben. Maud had founded his plan as a moans of honoured, ear allies not being forgotten. . ilanthropie f oo tl e , ' smote of the country wee one to which the evening, " Suess to the Commercial Ph the conceattos slconld give its approval. He was prepared Institution," elicited great applause. The secretary tors to my that no prehrencee which they might have read the last year's report. The Commercial Philsathropie for one mode of proceeding over another ought Institution was founded in -et of forme 1821, for the rel. to Melees them to withhold their votes from the labouring under temporary embarrassment, and for the u' proposition of his right hon. friend. Ho should like, uhe datum of poor married women durin g the time of their had said, to have the power of considering more maturely confinement. It has in a very large number of instsecte We special provision relating to the repayment of the loess ; from the crashing been the means of raising the poor man but as respected the form a the loan, he wee disposed to effects of unexpected destitution. The .um of 2,tarto • or agree to the abstraet merit of the proposal, and for this been distributed among 2,103 families since thecommeller reason. that it was of capital Importance for the house to meat of the soc i e t y' ed maintain the strength and credit of its financial organ in LIGHT AT • FlER—Having frequently atten d ed the face of the country, and if, in his opinion, on any one fins, it has occurred to me that it would be a good co n ' or other point his right hon. friend might have made trimness to have a branch from the gas main and a logo • proposal more to the interest of Use public, he should burner fixed near each fire-plug ;so that whenever re' bathes the advantaS s at_misht have been so gained (paired, the pa could be instantly tamed on, affordioi spinet the groat and ilimmiveste. (and he had tea- ample light for the fixieg of the hose, site . The Jets P I son taboo, howgreet ey the dhadvantage was) tea flame would distinctly mark the position of the plug , 1 , 1 ! Chan° o lkr o f llo hs al o P oll _ 01 Milk% keenly and action, and would toad to prevent lose of time sad mute actively Pulls". Ina brown Wad Imother ,with blundering and confusion consequent upon working in tle regard to his Piano; sad be ebilleki ibletelbee be eed to dark. Ten cost would be trilling.—Corresposders l of 1 " withhold say each oriolionc. But shoo was another pm- listheler. . , I i