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 viewsur MS-
taliied by the °tiorbseat pa werk did set pre.
owe to lay before the hones tbeWrotaimalet 01 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
[ extended the time as far as is cossisteat with a AM
to the public laterals sad to the respect they relne*
iverd
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 that 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 6,196,3081.
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. lest 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' bees paned. That is al, say, is
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, 13,636.0001. ; 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
'instil 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

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