The Express.
London, England, 1860-03-24 00:00:00

milimaboa al the revenue which be (Yr. Gladstone) had laid
before the the
were as high as he meld go to
be safe. If he bad placed them higher they
would have been of • ly egeoulative character,
aid wild have been heed, not upon an sasumption of
memo, but upon an monantion of the most favourable
eleamemiamme. Another complaint was with regard to the
enormous cost of law reform. Now the only charge
aotle& kind which would appear in the estimates was a
Vitiexpenditure el MOW • year in consequence of
lttorney-Generare ppttccy Bill. If the hon.
baronet supposed that the Maseellor of the Bit.
chequer attecl nee demands Icon him with-
out quoin" he had better question the Attorney• General
upon the sub*t, and he would find that he was quite under
• mistake. The bill of his hon. friend had not been re-
ceived by the home or the country with any tokens of dis-
favour; and the boo. baronet would not at say rate pretend
that • charge at the most of 20,0001. • year for tank-
=inform was say reason why be should cut off
.or 900,0001. of income. His honourable and
lamed friend (Sir R. Bothell) bad moreover
convineed him that the enormous readiness
of the present system drove business from the court ; and
that time was therefore reason to think that the measure
before the house would not only remedy • great grievance,
but
td Defusing bath barons to the court would cover a
pint portion of the contemplated charge upon the
dated fu fund. (Hear.) The hon. baronet then censured the
government far giving up the paper duties, which be said
lada• million and • half of revenue. (Heart hem)
hl not stated the amount of the lass with ha Ind
noeursey.

Sir H. WILLOUGHBY—I quoted a return.
The CHANCELLOR of the EXCHEQUER—The hon.
baronet quoted • return which showed a gross sum of
1,432,00*. ; but the hon. gentleman did not consider the
considerable deduction/ that were to be made frost that
amount in order to get at the net yield
of the tix. Nevertheless the duty did undoubted/4r
produce • large amount of revenue, and the house had deter-
mined to with it by a large majority. (Hear, hear.)
With to the expedition to China, it was obviously
imposed, e, in the uncertainty which prevailed as to the
nature of its operations, to state with precision the amount
it would cost. It was hoped that it might be of • peaceful
character; but, on the other hand, it might commence war-
like operations, the expense of which it would be impossible
to predict. II the latter should unfortunately be the case the
expedition had at any rate been fitted out on • scale which far
exaseded that of any similar or. He (the right bon. gentle-
man) 'started its present coat at no tam than 2,500,0001.
On the whole he submitted that the committee could not
consistently with any principles of prudent finance accept
the amendment of the hon. losironet. (Hear, hear.)
_ . - - -

Yr. W. VANBITTABT said the house and the country
bed faith in the repeated aantrances of the right boa.
and they looked forward to the present year for
• reerlika. I net the abolition, of the income tax. Be
sproteeted spire its being continued in ita proposed form,
and certain other sums should be absorbed in the coming
year from other sources. Besides, no provision bad been
aids for the deka of upwards of 7,000,0001. The terminable
annuitim falling in this month might have been devoted, am
half to the reduction of the income tax, and the ether half
to • reduirtion of the duties on tea and mom The people
were unanimous in mtesting—(oh ob)--egaing this pew-
ing supnentation of the Mourne tax year atter year, and
they disliked its glaring inconsistency, its absurd anomalies,
and its cruel inequalities. He should vote for the amend-
, reset. (Hear, bear, and " Oh, oh.")
Sir F. BARING said he wished to om that he should
vote for the amendment of the hon. baronet, became be
believed the income tax was the worst tax that scold be
placed on the people.
The committee divided :

For the amendment 132
Against it
Oa the resolution being put,
Hr. W. E DUNOOMBE said that he felt it to be his
duty to address a few observations to the house. (Oh, oh.)
The Chancellor of the Exchequer bad failed to show any
adequate reason for changing the whole course of the policy
which be adopted in 1853. He had listened attentively to
his speech —(oh, oh)—and he could discover nothing to in-
duce him to support this extraordinary demand upon their
indulgence. (• Hear, hear," "oh, oh," and laughter.) The
hon. member proceeded to complain of the budget as being
a tissue of inconaistency and concluded by expressing his
conviction that it would produce, in connexion with the
French treaty, distrust, want of confidence, and loss of in.
Silence for England to the ends of the earth.
The resolution was then put and agreed to.
The CHANCELLOR of the EXCHEQUER then pro-
posed the resolution respecting dock warrants.
After a few weeds from Mr. Hamm,
The CHANCELLOR of the EXCHEQUER said thet
dock warrants am% in his opinion, most properly subjected
to a charge of 9d. An immense sacrifice of revenue had
been trade for the general benefit of the trading classes, and
the proposals of the government had upon the whole met
with their unanimous acceptance. One portion of the defi-
ciency wee borne by the increased income tax; anothe=
tins by such taxes se the present ld. on delivery orlon,
end 3d. on dock warrants, which differed totally fro* deli-
very orders, for they constituted a security, a symbol of
value, and money could be raised upon them. Dock war-
rants were in almost every case given for an amount of pro-
perty far greater than a delivery order, and were a
totally different species of document,
Mr. CRAWFORD thought the proposal a very fair one,
and would vote for the amendment.
After a brief discussion,
Mr. T. HANKEY withdrew his amendment.

The resolution was than agreed t;)7
The CHANCELLOR of the EXCHEQUER proposed a
resolution imposing a penny stamp duty upon delivery mien
of all goods of the value of 40a. and upwards.
After some explanation, the resolution was agreed to.

The CHANCELLOR of the EXCHEQUER next pro
posed • resolution impoaog new lutes of stamp duty upon
Kohn es, drafta, orders, namely, of 10s. upon every
1,0001. or part of 1,0001., where the amount exceeded 4,0001.,
and 3s. It upon 1,0001., or lees than that amount.
Is ronieriy.b: • question the CHANCELLOR of the
EX said that all cheques paid over the vaunter
would be to the penny stamp, but not letters of ad.
vice pusing from banker to hanker. He was not so certain
until he received further information from the country
bankers whether letters from customers to hanker" to pay
should be liable to the stamp. He confessed he
thought they should, but that might be discussed in com-
mittee on the bill. _ _

After • brief discussion the resolution was agreed to with
• verbal amendment. _ _ _

The next resolution, enforcing • duty of • peony upon
every oertified copy or extract from any register of.bis
marriages, deaths, or burials, was speed W.
The next resolution imposed a duty of sixpence on the
transfer of shares is mines conducted on the costbook
system. After a duet conversation it was speed to.
The next resolution, which declares that heritable bonds
shall be deemed to be estate and effects for or in respect
whereof any probate of will or letters of administration
shall be mated, shall bt=ble with stamp duty, wee
agreed to after • abort diseo~im.
The watt resolution, the ninth, imposes a stamp duty of
sixpeace upon agreements the subject whereof shall be of
the value of 20/. or upwards, and for every LOBO words
above the first 1,080 words • further progressive duty of
sixpence.
Yr. AYRTON objected to emberressing small transit-
Om with a @tamp.
The CiLANCELLOR 4 tie EXCHEQUER said this
insesure was ass el polka This was • reduction from •
high charge to a low_ Arm for the double purpose of
earrowMg ezasacasne, and el increasing the revenue by Mi.
pais • kw,
.Lass. Xmas suggested that the steep should be ad-
/waive

The CHANCELLOR of the EXCHEQUER said there
were Nome good MIMI why edhadve stamps should not be
med. The C., wisdoms. at Inland Revenue bad, how-
to adhesive but he walk'

ever, an Aisle. Amps ; _ con-
sider, Wenn idnift nipw wbether w sower
taco, Irbil he isral • psi me, °mkt not be adopted.
Mr. IL JAMB ail am mil be so relief unless the
penalty whisk Imo impend Oar t 1 ar element which was
not stamped esedd be real la Minsk

The ATTORNEY-GENERAL said a corresponding re-
duetion would be made in the penalty.
The resolution was agreed to.
The tenth resolution, deolarft that an agreement for a
lease for any term nut ex .ing seven years shall be
chargeable with the same duty as • lease, and that any
lease made in pursuance of such agreement which shall ham
pa
id the duty shall not be chargeable with any higherigss i
Mian exclusive of progressive duty, ail
to witiout observation ; as wee also the eleventh resolution,
deekrieg the stamp dean payable span probates sad letter
of adaninatratisa, shall ha Lead sad paid to respect of all
the personal ar vissessble waste and aide which ens
mesa hereafter dying shall here disposed of by will
osier any authority enabling such person to dispose of the
Game as he should think It.
'I he twelfth resolution, oeft upon every declaration
in lieu of, or in the nature of at7dssit, the duty which an
affidavit would be chargeable with, was also agreed to.
The house then resumed.
THE IRISH REFORM BILL.
In answer to Mr. BLammoult, who asked when the
Irish Reform Bill would be brought on,
Lord PALMERSTON' said if the Reform Bill were got
through on Friday, they would go on with the Scotch and
Irish bills

The Mims Regulation and Inspection Bill was reed •
*send Ida.

ne Consolidated Fond Bill (860,0001.) passed through
Vrorder of the day for going into committee on the
Daisy of Cowman (Limitation of Actions) Bill, a disc-write
mese, several members objecting toproceod with it at no
late an hour ; but the Solicitor4eaoral pemisting in the
1E0606
Mr.JERVIS moved the adjournment of the house;
riardTILWERSTON postponed the bilL
The Todoved Schools (No. 3) Bill WY reed a third time
ant pawed.
The home adjourned at his Wants" to 2 o'clock.

CHTRTAL PALACE,. O!II SHILLING DAT. -•
TIGNAL, KAI= 23.—Adatiosions on 'loyalist. 113 ;
ditto by imam take* 224; tots! visitors, 917.

G,

lady Intellignta.

COURT OF BANKRUPTCY.—MARcH 23.
(Waft Mr. Commissioner (bnlinum)
II 1111 01011101 NOIRAGO MUM

The hearing of this cue was resumed, by adjournment
from Wednesday. The bankrupt was • solicitor, at Partt-
ime* who had misappropriated large amounts of trust
money. Further evidence was now given.
Mn. Merriott, of Farnham, • widow, deposed that the
bmtuhad been her solicitor and split. She was a cre-
dit,efor upwards of 8001. He had kept a sort of
pans-book in which he entered the sums reamed from her
as lent to a Mr. Trnerean ; and on being premed by her as
to who and what Mr. ?men= was, he admitted that he
was Mr. Trueman, and begged her not "to tell upon him."
Mn. Caroline Payne, widow of Mr. John llanwaring
Payne, stated that her bite husband and the bankrupt were
co-executors under the wall of Mr. %otter, and in that capa-
city came into permission et bust funds to the amount of
18,0001. During her husband's illness, Evans assumed the
sole management of the trust, and induced Mr. Payne to
execute the power of attorney, whereby he was enabled to
sell all the property out of the stocks, and invest it for his
own purposes. Since her husband's death, she had been
made • party to no less than ten Chancery suite, and bad
been compelled to pay to the cestui qua trusts upwards of
22,0001., including interest and costa. During her bus-
band's lifetime • suit had been oommenced against the
bankrupt for the restitution of the trust monies ; he sub-
mitted to a decree, and gave up some securities, which had
realised very little.
Mr. Henry Potter, solicitor, of Farnham, gave evidence
as to the proceedings in Chancery taken against the bank-
rupt, in the comae of which it was discovered that he had
rianoalled certain mortgages given in favour of himself and
his eo-tenstea, Yr; Payne, so as to give priority to others
nt,de in hie own !avow.

' Mr. Laramie having rimmed up the charges against the
birtgley, on behalf of the bankrupt, said he did not
intend to go into the facts of the csse, but had merely
attended to watch it on behalf of the bankrupt's wife. He
was enabled to state, from information obtained since the
last meeting, that the afildavit as to personal service of
summons on the bankrupt at Brighton was an utter
mistake, for he had been out of the country for
several weeks. The court was now asked, in tbe
absence of the bankrupt, to refuse what he did not apply
hr. Throughout the case it had not been shown or sug-
misted that the bankrupt had applied this money otherwise '
than in unfortunate speculations. Through the persuasion
of others he had embarked in large building speculations
at Aldershott, believing it to be • sort of El Dorado ; and
there he had invested every shilling of his own money and
that of his clients. Sympathy was naturally felt for the
poor persons who had hat their money ; and no one felt
this more than Mr. Evans himself. Were be present, he
might have justified, or at least have explained his applica-
tion of those funds ; but in his absence it was impossible to
know the cirmunetances under which those investments had
been made. The case of Mrs. Payne was act OM of the
gravest ; foraithough Mrs. Payne bad hate pay 22,000 t. out
of bee husband's estate, the sale of the trust funds bad
been made long before his death, and with hie consent. Mr.
Payne and the bankrupt were therefore joint-speculators •
the securities had been taken in theirjoint names ; and MIS:
Paine had now posaserion of those securities. If Mr. Paine
bad been deceived, it was only bemuse Mr. Evans himself
had been deceived.

TheCoertinia"iorer—Do you.. think it was boa/ ides in a
solicitor to go to the bedside of a man in a state of great
sedining, rad get hint, while in that state, to execute a
power of 'Stormy, notwithstanding his wife protested
against it—the attorney bringing his own clerk, with him
to act as witnerees?
XL Bagley mid this was only one of a series of transac-
tions. The agreement to sell out the stock might have
been made before, and this might be merely the comple-
tion of the transaction. Supposing the matter agreed upon,
the clerk was the most proper party to act as a witness.
But in the absence of the Malaupt it, was. impossible to
contradict anything the witnesses had said. The reasonable
and proper comae would have been, in default of the bank-
rupt appearing, to adjourn the corniest° sitting sine die.
He attributed this opposition to vindictive motives.
His Honour expressed his dissent.
Mr. Bagley must still entertain that opinion. The bank-
rupt, • pauper, self-exiled, must have suffered enough with-
out this public exposure ; but as the poet said,

" Sweet is revenge, especially to worsen."
(A laugh.) He submitted that the case ought not. to be de.
tided to the extent of refusing the certificate in the absence
of the bankrupt.
His Honour strongly dissented from the imputation that
bad been cast on the motives of the wittier's., and said that
great praise was due to Mrs. Payne and others for having
cane forward in the way they bad done. He should re-
serve his judgment.
(Before Mr. Oommisioner Evans.)
fs THE CORPORATIOM TIJOTACILANT COMPANT (LIMITED).
This was the day Axed for hearing a petition presented
by Mr. James Stodard, of No. 31, Cloodesiey-terrace,
Islington, to wind up this company.
Mr. Begley, for the company, (lid not resist an order for
winding up being made. There was a clammy in the pro-
*peeing which prevented them calling on the shareholders
until three months had elapsed, and in the meantime the
creditors were pressing their claims.
An order to wind up was accordingly made.
HZ THE UNADOLTILEATID POOD COMPSNT.-DIVIDEND
IfIZTIXO.

This was a dividend meeting in the matter of the Un-
adulterated Food Company, for the of returning to
the contributories part of the call y made upon them.
The company was originally formed with the intention of
preventing adulteration of food, and the proposed capital
was to be 1,000,0001. A all of 101. per share ham been
made ou the shareholders, and the result is that all the cre-
ditors have received 20s. in the £. There is 1,0001. odd left
in the hands of Mr. Johnson, the liquidator, • surplus
which will be equitably distributed shortly among the

INSOLVENT DEBTORS COURT.—BLtRcu 23.
(Before the Chief Conimintioner.)
IX RE JOHN IL PIPER
This was an application under the Protection Act.
Mr. Dowse eared to oppose.
It transMrM that the meolvent had not mentioned in
the course of the proceedings the fact of • former peti-
tion underithe Protection Act.
The learned CorninisaimEier made some strong remarks
on the subject, and at coo dismissed the petition.
The insolvent was arrested and taken to prison, intending
to apply under the Prison Act.
(Before Mr. Commissioner Murphy.)
IN It CHARLES W. BROWN.
In this cue Mr. Macrae opposed for • creditor on •
former occasion, and the insolvent, • government clerk, pro-
posed to pay his creditor Wt. a-year by quarterly pa ents.
The offer was accepted, and the insolvent appeared for his
final order. The protection was however renewed until
July, for the ant quarters payment.