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No. 203.—V0L. V.

DISSOLUTION OF PARLIAMENT.

In the House of Lords, on Monday, Earl GRAN-
VILLE moved the second reading of the Income•tax
Bill.

The Earl of DERBY then rose and said :

I need hardly assure your lordships that it is not
my intention to avail myself of the present opportu-
nity for offering any objection to the bill, the second
reading of which his just heen moved in silence by
the noble earl the President of the Council. At the
same time I cannot conceal the (expression of my
regret that it has net been.foltpd consistent with the
public service .4),flefrwr .tAkeicps4ickyation of a mea-
sure so important is this utatiltthe new Parliament
which is about to be summoned should bs enabled
to take it into consideration in connection with the
whole financial state of the country. (Hear, hear.)
That Parliament will, in my judgment, greatly fail
in one of its first duties if in the earliest period of
its existence it does not tske into its serious considera-
tion the whole state of the finances and taxation of
the country. (Hear, hear.)
I need not say that with respect to legislation on
the subject of taxation your lordships have nothing
more to do than that which simply consists in bear-
ing your allotted portion of the burden. I have
heard in various quarters of propositions for render-
ing taxation and representation coextensive, but I
have never heard, and I do not expect to hear, of
any proposition either for relieving your lordships
from the pressure of taxation, which you have no
voice in imposing, or for giving to your lordships, in
your legislative capacity, the power of dealing with
our revenue, or, in your individual capacity, the
right, which belongs to the humblest elector in the
country, to choose the representatives who enact the
imposition of the taxes. Nevertheless, as you have
that slight interest in taxation which is involved in
having to pay it, I do not think the subject alto-
gether unworthy of your consideration. I confess I
look with deep anxiety on the present state of the
finances of the country. (Hear, hear.)
For some time past it has been understood on all
hands that at the earliest possible moment the
income tax, so universally condemned in public
opinion, and iu the eye of every public man, would
cease, and that henceforth it should be considered
as heretofore it had been, as a most efficient and
useful engine in time of war, but to be kept strictly
and exclusively for the emergencies and extraordi-
nary expenses of war, and struck out altogether
from the system of taxation in time of peace. I had
undoubtedly indulged the sanguine expectation, and
have not yet altogether abandoned the hope, that we
might with the year IS GO see the realisation of that
which I call the pledge given by the Government of