The Express.
London, England, 1860-07-16 00:00:00

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LONDON, MONDAY, JULY 16.

THE favourable change in the weather has given
the anticipated stimulus to some branches of inter-
nal trade. The general condition of business
appears to be healthy ; and should the result of
the harvest be favourable, we may hope for
a satidactory amount of activity up to the
end of the year. At Manchester, however,
the state of business is less prosperous than
could be desired. Comparatively few trans-
actions have taken place during the last week in
cotton fabrics, except as regards the home trade, in
which the tine weather seems to have
caused a partial revival. In addition to the
check which has been given to the de-
mand for goods for India by the discouraging
character of the accounts from that country,
caution has been induced by the failure of a Man-
chester house in the Indian trade. There is also
a prospect of trade with the Levant being checked
by the troubles in Syria.
In the woollen districts a moderate amount of
business has been done ; the manufacturers in moat
places are fairly employed ; and the prospects of
the trade are regarded with cheerfulness. At
Nottingham and Leicester the setting-in of summer
weather has been hailed with great satisfaction,
and has already caused an augmentation in the
home demand for goods of several descriptions.
In the former district, the employment in
the hosiery and lace trades has latterly
been only partial. At Coventry there has
been a great turnout of silk weavers. The ribbon
manufacturers, ostensibly under the pressure of
foreign competition, having insisted upon some
modifications of the arrangements hitherto subsist-
ing with regard to wages, thirteen thousand opera-
tives are stated to have "struck." A good deal
of local distress consequently prevails.
From the Staffordshire iron districts, it is re-
ported that the works for producing manufactured
iron in nearly all quarters are in full operation.
The various manufacturing trades at Wolverhamp-
ton are described as rather more active than of
late ; and, although there is no aur•
plus of orders, the workpeople are kept
on at "full time." The tin plate workers
at Wolverhampton and Birmingham are busy ; but
at “loucester, at the quarterly meeting of manu-
facturers in this branch, it was resolved to reduce
the " make." These details are satisfactory, con-
sidering the dulness of the export trade to Austra-
lia and the East Indies, two of the most important
foreign markets. At Birmingham a reduction of
about 2a. 6d. per ton has lately taken place in
the price of pig iron.
In the flax districts there is some excitement in
connexion with the rise in the price of the raw
material in Russia and elsewhere. The imports
of tax into the Sixitch ports for the last six
months show a decided decrease.

In a return to an order of the House of Lords,
dated 10th May last, showing the total gross
amount of property assessed in the United King-
dom under the Property and Income Tax Acts, in
each year, commencing with the year ending sth
April, 1843, up to the present time, some figures
are given which are worthy of attention, as bear-
ing upon the taxable capacity of the country. The
return includes the present financial year, ending
31st March, 1861, so far as prac.icable, estimated
amounts being inserted where the actual amounts
cannot be ascertained. For 1843, the gross
amount of property assessed was 251,013,0031. ;
and foe 1853, 282,370,4141. ; for 1881 the
amount is 328,700,0001. The net amounts of
property assessed for the three periods cited
were, respectively, 204,459,5581., 212,347,1371.,
and 294,200,0001. The amount of duty charged
is a point which appeals with especial force to the
attention of the income-tax-paying classes. The
figures stand as follows:

Year
two, Assaut of kate .4 duty us
so Apra thay chersell. I•cocuesof 4150 a butossust /1004
~sod writ*. dodurillia year.
-----•
IM3 4
1.344 14.504. 441111.4411
114 it to Ow 4.
1i45 4.474.11117 ..
ail kni,n4
..
11147 4.7111414/
INS i &Aims ..
1140 &Mama
.
luga b.ra.
101 r 4714.417677 ..
1862 8.843,710 ..
1.64 6.4111.11111 ..
11.14 1.1711.01 S
IM. ht —lbe 1. 1;15 amsr.es 1.. N. AL
lab. i 14.645,548 11. 4.1. „
ss? 15.1.15,1144 1. 4.1. ~ lit „
104 LIMA d. ~S :
100 I 11.754750 5.1 „ 5 • ..
i . 1
IWO te.teo.sse iki. „ . lid.
1:011 I 11.11940011 104 .. , 7.1
..
___ _

It will bo seen that the nation is now paying, in
the gross, just double the amount of income tax
that it paid in the year 1843. This is principally
owing to the great increase that has taken plan
in the amount of property amassed, but is like.
partly due to the increase in the rate of duty,
which in 1843 was 7d. in the pound upon in-
comes of 1501. a year and upwards, and is now
likl. in the pound on that class of incomes, and
71. on incomes between 100?. and 1501. In 1843,