The Northern Daily Times.
Liverpool, Merseyside, England, 1853-10-12 00:00:00

chief necessaries of

of an active labour

Without these two essentials it be-

comes very questionable whether the excise
duties could be retained as a source of income.
The crown lands also seem to have been arranged
on a better system; as it is rather a rare circum-
stance to find a surplus over expenditure in this
department.
The subjoined figures show the income and
charge of the Consolidated Fund. In the income
we are glad to find a further increase, while we
lament to learn that the charge is so great as to
leave but a small surplus in the income :
Quarters ended 10th Oct.,
INCOME. 1852 1853.
£ £
Customs 5,056,866 5,178,271
Excise 4,313,591 4,319,259
Stamps 1,529,421 1,628,163
Taxes - 159,215 129,219

Property Tax 1,915,581 1,940,048
Post Office - 261,000 236,000

Crown Lands

50,000

Miscellaneous

- 17,799 40,199

Imprest and other Moneys - 51,425 36,517
Produce of the Sale of Old Stores • 86,571 85,239
Repayments of Advances - 234,042 441,254

14,084,169

To Cash brought to this Account to pay
off Deficiency Bills

600,000

13,665,511 14,684,169
Quarters ended 10th Oct.,
CHARGE. 1852. 1853.
£ £
Permanent Debt - - 5,424,557 5,406,821
Terminable Annuities - 1,303,492 1,302,595
Sinking Fund - 436,360 892,156
The Civil List - - 99,382 99,540
Other Charges on the Consolidated
Fund - - 378,246 428,167
For advances - - 388,835 814,947
Interest on Exchequer Bills, issued to
meet the charge on the Consoli-
dated Fund 71 770

Total charge 8,030,943 8,944,996
The surplus - 6,634,568 5,739,173

13,665,511 14,684,169

The amount of Exchequer Bills issued
to meet the charge on the consoli-
dated fund in the quarter ending
sth July 1853, and paid off out
of the growing produce thereof,
after deducting £610,000 cancelled
by sinking fund - - . • 2,595,557
The amount issued in the quarter
ended 10th October, 1853, in part
of the sums granted by Parliament
out of the consolidated fund for
supply services - 5,367,799 ...
Surplus consolidated fund - 5,739,173 371,374

The probable amount of Exchequer
Bills required to meet the charge
on the consolidated fund on 10th
October, 1853 -

2,224,183

The least item in the foregoing return, viz., the
probable amount of Exch.e4uer Bills required to
meet the charge on the Consolidated Fund, on the
10th of October, 1853, is not the satisfactory issue
we were led to anticipate. Such a large amount
of paper being thrown upon the money market at
this critical moment, and at the advanced rate of
interest offered by the Chancellor of the Exchequer,
must lead to a great absorption of the money re-
quired for trade and commercial purposes.
The necessity which compelled the present Chan-
cellor of the Exchequer to resort to so large an
issue of Exchequer Bills, must be urgent indeed,
and looks as if the Eastern Question has already
cost a something more than mere talk. We have
still, however, great faith in the increased import
of bullion, which must soon be coming forward in
large quantities. The amount withdrawn by the
Government to meet, its immediate wants, will be
speedily replaced by fresh arrivals of the precious
metals. The advanced price of . all the commodi-
ties required for the Government service must have
led to a great increase in the expenditure above the
amount specified in the estimates of the public in-
come for the present year. Any inconvenience
that may arise from.! this source, cannot be attri-
buted to any direct want of sagacity or foresight
on the part of the Chancellor of the Exchequer.
It has arisen from a variety of circumstances,
which, though early foreseen, could not be avoided
or over-ruled ; and we only fear that in the next
return we shall find the difficulty experienced at
the present moment increased three-fold. The
difficulty arising from this source will be purely
fiscal, and will not be felt to any serious extent by
the trading and commercial interests.
It is a fact worthy of remark, at this moment,
that the only powers in the world, which have a
surplus in their coffers, and which possess un-
limited credit, are Great Britain and the United
States. This fact ought to strike the attention of
all the continental powers of Europe.

THE CHANCELLOR OF THE EXCHEQUER.—This
Right Hon. Gentleman arrived' in Manchester, on Monday
afternoon. Yesterday afternoon, accompanied by the Mayor
of Manchester, the Right Rev. the Lord Bishop of Oxford,
the Archdeacon of the East-Riding of Yorkshire, Sir John
Potter, and other distinguished persons, the Right Hon.
Gentleman went on 'Change, where he was received with
an enthusiasm which has never been equalled in Manchester.
FACTORY INFORMATION.—Yesterday, at the City
Police Court, Messrs. Smith and Leigh, manufacturers,
Pierey-street, Manchester, were fined .XlO for not having
a piece of shafting securely fastened, by which one of their
workers, a female, was killed, on the 6th of September.