The Express.
London, England, 1852-12-06 00:00:00

TO CORKILIWUNDUNTI.

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ZONDON, MONDA DECEMBRR 6.

WHEN Lord Turittow was informed that Sir
JOHN SCOTT, afterwards I.ord Chancellor F.tnott, had
employed nine hours in opening the indictment against
HARDY—. By Heaven, air, he exclaimed, " then
there is no treason." Nine hours were nut required
to state facts—they were wanted chiefly fur mysti-
tying the jury; and had our Cifsmer.ttooa not
thought mole of mystifying the public than of ex-
plaining the facts of oar financial condition and
expounding the policy of the Cabinet, he would hare
been able to compress his speech into a fourth part
of the time he occupied on -Friday. For nearly one
hour be dilated on the hardships of the shipping in-
terests, oa prospective measures fur its relief and
prospective committees of inquiry, leading poesibly to
some improvement in p:!otage and ballasting, and to
a relaxation of the old compulsorym regulation to
have three Pout the of terry ship 'e crew her MA-
.ll=l'l subjects—all points comparatively small
and quite foreign to the great theme be had in
hand. For another hour he expatiated on what he
did not mean to do for the West Indians and the
English landowners, the sum of which was that they
have no just ground of complaint :—yet neverthe-
lees he means to permit sugar to be refined in bond,
at a great expense to the revenue, without any ade-
quate advantage either to the refiner or the public,
sad proposes a reductior of the Malt and Hop duties,
to relieve the suffering agriculturists, who, as be
meowed, have been benefited, not inland, by recent
legislation. The remaieder of the fire hours was occu-
pied by the financial statement, and by sundry
rode, on the condition of Ireland,—the defence of the
country.—the advantage and necessity of keeping
op
efficient prospective admini- ,
etratire refurous.—and on other topics that might dis-
tract attention and prevent the house from perceiving
how empty, meagre. unsatisfactory, vexations, and
unjust arc his long heralded financial projects.
Small se is the acted pecuniary relief he
proposes for the shipping interest—less than six-
pence per ton per annum—that sum appears in
his estimates for the rear 1833-4, and cannot reach
the shipping before the middle of the ensuing year,
while with the exception of salvage end the Admi-
ralty regulations, the other promised benefits await
the inquiries of committees yet to be appointed, and
of commissions no: yet completed. Further, to help
the shipping and promote unrestricted competition,
he is to remit immediately a portion of the Tea
duties, 43d. per pound, on which he expects the re-
venue will lose 408,0001.; but he overwhelms that
by proposing to inflict on us at once an additional
House tax, which will yield him 1,100,000L,--abont
three times as =eh. The proposed reduction of the
Hop duty will not take plane till 1834, for all the
Hop duty of 1853 will be due before October 1 of that
year, and the CHANCELLOR only includes the reduc-
tion on the revenue of 1834-5. Nominally, however,
the reduction is to be made in conjunction with the
reduction of the Malt Dety on October 1, 1863; and
it is somewhat remarkable that the maletere, who
have uo more maim to complain than any other ma-
nufacturers, are to be encouraged to extend their
operations by the promise of 1,000,0001. se draw-
back ; while the hop growers, who do complain, are
to receive no drawback and no relief till 1834. All
his remissions of taxation therefore, with the excep-
tion of the tea duty, are prospective; the increase of
taxation,-cunningly kept oat of view till the house
was warmed by the promises of prospective redue-
tions,—is at once to be carried into effect.
The sum of this wonderful Budget is a prospective
relief to the shipping interest', a permission to refine
4agar in bond, a present reduction of duty on Woof
Id. per lb., and a prospective redaction in ad of
ls. 2 id.; a prospective reduction of the malt sad hap
duties, and an immediate incense of the home tax.
Thereto is added some manipulations of the
and Income Tax that scarcely make it mere bean
faL Sir ROBERT YELL, to WWI 1110. Demand has
been unluckily compared, did not slake mesh more
than half as long a speech in 1842, wham Ise changed
the basis of our system of taxation, abolished pniihi-
bition, reformed the tariff, and restored a damps,
revenue to health and a discontented laden I. prow
pithy.
With respect to Mr. DISRAELI'S mods of ea:ey-
ing his poor and petty shandies into east, we are
inclined to think that the reduction of the &Sy on
tea at ones to le. would not lowers the
so much. and so immediately,as tomehi==
sad the tan importers to levy say pest MI as the
annesmity by 'sheeting the prise. and es that
wadi en ale Ruh has digit:haw thee to maeued
the shanties over six years, we think the
mum bee takes a wrong merge. His pride-
seems is sin mu my nothing, whit his
hems* be only follows their example
is frame with the differential duties on enpr,
though he might have been taught the impedenee
of their mew by the agitation Mies Mitered hails
years, which wield have been at thee mad tee ever
Med bydam in 1847, if they bed Willy gime diet
te the ebsis esslemplated nineties. So with the
Mak end the duties: Matsui deka/bin Whir
°it las d thus entirely. OE* minds me -
hdf es the was*, egtheitedieleai the
at shish they eedegidn. add pewees
th•
em hem growing bugs etilliethieleginges aim
ones We their bnumeslllgowlib them
er hitellikirerr
herby melee malt hr hole me the
Femme et the isms soPeeenet witnem. To meals
the hell of the lines is the* to threw awe,
while le abed& thew cane weld& he le
:eity= faleaby haw At premed the rate he eel-
heti* 14,400,000 i. et mho dries is IL ft.
met.; and if the ern is to he reared by
and the cost of sellesden le demi' the mine, the
rate will be »had above a ?slim will amensit t.
mere thee per east.A
ebievenen=tare will issiessed. MA see a
removed.
the alltifeELLon% own prindpies this is an
onvanillan Onlinni. Heeel • bopthee s by
ti p
G iles
Os gds. ewe-
▪ simpeddes. ig&
41es ef Seism In the segginmsio ef the fretheary
of the eenntry he email by similar ~
sad yet. le stribMg et the 0.0040001. of release
he less set remove a ekes thread of bondage from
our meshy rural Wintry.
We ingtii rind* favourable to a Home Tax
levied—mere free hem objets-
tieutta merVtaxast and that it might con-
veniently be enbetketed for the Mbar indeed direct
Wades. Mr. Disimau, bewerter. meshes se general
peptides el that kind; be beep en the meemed
tams sell the Imam Tax m be Mende the Hems
Tax to ell bare ef 101. mine. sed be deelithe the
tax. He erodes all the iimise Ishii wield
have bass mend by meld Imp Widen to the sate
se would ham enabled him es dhpenee with the
berm Tax end the Amened Tame, milk =jelly
limib the tax to 101 bases. His pies. me 11 Mist
will embers all the booms in towns, and it will shy
all the mitlepe—the property of the Meanie awl
(enrol--4o go free. Thie preposition thwahre will
meter a boon on the OWNERS ef cottage net
impose • tax on all other house posporly
the tax already exists, his alteration to taelindenst
& new tax, and he will come all the diets bass of
such • tax, while it is weld and =jest, and will
very properly excite greet amide&
Ily.hia changes in the Peeped, Tax the rmallnin
fa gain nothing, though they create disturbanse ilia
infiet considerable hardship. Ile extends the but M
Ireland, bat only to funded property and to @shields.
He will exonerate still the estates of the Marquis 01
TANDoNDERRT, for example, but he will tax dm
savings of the little merchant or the poor mime in
Belfast who may linesi invested 010111 IR the pablie
finds es a provision foe her daughters, to the
extent of 60E a year. The spendthrift landowner,
with 10,0001. or 13,0001. • year, is to escape, and
the maid" ,sofa • wan, whose savings have
already been half the redemption of Ireland, are to
be taxed. This is a monstrous piece of injustice
which Sir BENIAIEHt HALL, we are glad to see, pro-

poses to remedy: The CHANCELLOR extends the
tax also to all incomes derived Irem landethand
funded property of tifif., preserving the rate 0117 d.,
by which he will inflict considerable annoyance On
many persons with small incomes* and be lowan dm
rate to Sid. on the incomes of this B.talNos and the
Itoritscnans, who manage, tbeit proPtitl, and Olt
, from it many thousands a year, though it is in -
'
lity as much derived from realised property as the''
poor spinster's income derived from the fends
of 50f. a year. Large incomes of all kinds should
be taxed in proportion to their amount; but the
CnAreettuant, looking only at the sources of income,
taxes the humble widow with 501. a year in the
funds at a higher rate than the princely merchant.
lle defers,—but according to an arbitrary method of
his own,—to the popular demand for a different rate of
taxation on precarious incomes and on incomes
derived (rem realised property. Ile lowers the rate
on the former to 50., and retains it on the latter at
7d. At the saute time he extends the tax to all pre-
' carious incomes of 1001. In such figures we trace no
principle, but only an arbitrary selection. lie doss
not capitalise incomes, nor adopt a.principle that can
serve as a foundation for improving the tax. The
reduction may be intended to bribe the owners of
precarious incomes into acquiesceuce in the reduction
he makes in the farmer's share of the tax. That wee
after due inquire fixed at id. on the half of their
rent, which he reduces of his own will to a third of
their rent. Both this change and the exemption of
cottages are boons to the landlords. Towards the
close of his remarks on the Property Tax Mr. DISRAELI
refired to the position of clergymen of the Esta-
blished Church with mall incomes, and propane to
introduce a special provision to meet their coat. If
the CHANCELLOR be thus allowed to portion out
taxation according to his views of the merits of dd.
ferent classes and the sources of their income, guided
by no other principle than his own arbitrary will,
we shall very speedily have more class favouritism in
Parliament, more intrigues to get exemptions, and
more practical injustice committed, than occur even
under the gross inequalities of the present system.
A Sectarian CHANCELLOR, anxious to promote his
own views, and levying a different percentage on in-
comes es he approved or disapproved of their origin,
might make es sorely repent ever allowing Mr. DIS-
RAELI to alter the rate of taxatiou on incomes at '
his pleasure according to the sources from which '
they were derived. The various changes ho proposes ,
in the Incase and Property Tax are all arbitrary—all ,
create a disturbance—and most of them either confirm

, --- ---
or increue its injustice, while they add nothing to
the revenue.

More numerous changes to effect fewer beneficial
alterations we never saw propounded, except in
some of Mr. DisißELl'd former speeches. Starting
by the declaration of a desire to relieve industry, his
coarse should have been different. lie might
have relieved the shipping, he might have
abolished the soap duties, and the paper duties,
he might have abolished the malt duties, and
the hop duties, and reduced the wine and the tea
duties without causing more disturbance and more
vexation than his petty changes will cause, had he
either placed the Property and Income Tax on a
just foundation, and enlarged the rate, or had he
wholly dispensed with theta: and levied a judicious,
large, and universal house tax. His trivial alters-,
time actually do nothing to promote unrestricted
competition. Judging of his Budget by what he
might have done, it appears contemptible. Judging
of it by the mischief he was expected to perpetrate,
the public will be pleased at its inefficiency.