The Express.
London, England, 1857-02-14 00:00:00

-ewerusest

boiii liars dial Ara
won allassi-sstailarr Whoa
=6,00 101101 4 tril to Toodt is a
ari podia hrs.
Ibi bare basin ors into committee,
Tba Chamrcrstosrrlba Emma= roes to make
bissoesel financial shisorml. After c
aned the
Impo supply votse. osseilsralas leapt the
matting defiers /Ay aflbs soma Isosital_ tar. Sir
O. C. Lewis ealsesibis s osrussalles st as.
war erd oposfilblfia fir the troirmilt
MOW. ari Is to yet wbieb osmirse
fie lot se Apt sr& The silmisi morn sr
Or omit yorr bad bra bar big loss.
slarreat at Ti. sr poled st
Si ward kora pubs* roma Issesse-
Ibis ars, via., 71,0011.01101. Mt agitator bad
tom to too at 40,113,0004, imeloile. 11111.101111
of srsallins aalsisto Sardinia; isliesolog sadist.
=110.313,01011., sr of waratibiss aros Ass debt
if a coadossat mosis et two slam 1111111
bft sot ot the aronzt. The astral sapsaitors bid
Ism however, only a little beyond 78 millions, end
as ems to the total sr mot of 7,499,0001. bed
bra lairroweil sa stook ad Esehopsr-bille. tbe
final bolsassoboat absurd & sasplas of 1,384,0004
Me Power haws kw aglow r Ere
Ulla bad bra postai by polimmst, of
e• 1 ass Weiss hod bra bras& and the n-
em minims roil sot be recirrst
tits verso old esporditure of the these
pass of was midi the period beim
asossesesmat of right bar
lomat mini at the cosorsisa absat 40 mit.
limas bad ism raised rasa ISIS ley am terse art
41 edam by ken. A son et 81 WM= bat
tharallev, bra retributed to oars of
irar.of wlik, Yam% about fro lama nomisoil
usurapsart y tir Roishoper. Palos on Is tbs.
odors& masilitgs• of ths mum= be NM-
the pool derrad Rea the
at 116,474,0001. Peorisiog that the war bad
hit b od it an shades ot 30,283,0001. to the
per resat Mt, sad et 12,120,0001. to the boating
Ismiribb mar different erassisatissr
is soma sharp of 1^0044 the
Ammo pusisd to the ses tomb of
mask syslintf rads&
Zsessisbal tlot sis ..sos. as it was saird, of
MS, br the seissliss of dr imam* MI bra
Bruer& by arospast rewrißlks. the
mat leor yoms. barbs Ur
ligl== 611
manyemsits sod shoat

debt, provieion mut be made he eleven millions i
and a Mif in reibElgt* at resemtly greeted loons. ,
When te this wee Mar the rammitorr et taxes re- •
mitts& ekes UM, erawitest
_k the whole to 1
760,0011.„ be seMetaki List MAW dr legislature
I nor the meld emilmicer is hold bound
to tise eattleimast egedeletie that year. Sir ,
G. C. Am metered serewleat at bite into the
abstractssslw I MMus direr and indirect
taxation, and at her le he arrangement ,
which hi pegs's& be etas he the present year,
Amid ISM he destining be empip with the very '
aumerese emprile that bed bra merriled for the '
Menden at the ilia re sal fa kemanoss.
Be beileided te deal only pegswilk the Wee la-
pses& en sessert et the we. Ot these a per- ,
resest Weser k the anise an spirits
dam stile am Mks aid • lAN esseelly, and
weed be kilt _leaded fir wet reit duty had '
already cemd, awl weed midi • less at two mil- I
Uses ea the MOM fir the ersimirri rim There I
narked the keens ter, at whim past Whey he
Pee • betel shirk sea deeedhed the pular in
which the kw miring le he rifles new stood
in pureeing' st ads passi is 11111 sd eidiegnent
years. As at prema egpskted, the ter would
remain at l&L Agell; ink isepsft then to
sd. for two yews hem sea swig Wgiensar in
1860. The preimptbn deb, wee Imam tax for
another yew beerever, was aseromil by en
sod -
dental rrleliss be the weeding of the eneetassat, of
which the ireverneret led no intention to take ad-
vantage. Between he pageant time aid IMO, as
the kw new steak en aggregate mes* et Sled.
woad het readable for beam tax. Mk be pro-
posed to redeem to 21d., dimileard egaso,y ever the
three years, raking 7d. for sea year. bream of
1501. and over would then be eir Oct to the arse
tariff casually levied by Sir IL Peel; sad epos
those of hes -mowed, now at 1 he to.
tended to imps. • Tate of 01. Mier Ms saserisr
of Moms, whist ha mitimated at 11 salllfeem be scald
not a&hed to sass& the while mesent et Weeded
reductisen in the &Mee es Is. ad auger he which
11:=1 a raw err d Mien, smaller
sell at Ismer intervals them been ar-
range& when the sander wee reeked. 'Ilt• total
revenue hr the yaw 111674 wadi this remain as
follows. From Ceram 1111,1101,0001.1 Exeise,
17,000,000 J.; Stamps, 7,4110,111161.1 land and as-
sured tax, 3,150,0001.; imam and property tax,
11,450,0001.; Post-office, 3,000,0004 • Crown lands,
36.5,0004 ; miscellaneous, 1,000,0001. The gross
receipt! would thus amount to 66,366,0001., which, as
set against an estimated expenditure of 66,474,000!.,
would leave a surplus of 891,000!. The whole
amount of taxation now to be remitted was
11,571,0004, from which, however, the Exchequer
would only sustain a lees of about 7 millions during
the ensuing year. The right hon. baronet con-
cluded by moving a formal resolution granting two
millions to her Majesty to redeem the first senes of
Exchequer Bonds.
The speech of the Chancellor of the Exchequer
was followed by the usual series of cursory remarks
and questions upog various points of detail, all
formal discussionbeing postponed.
, Sir. G. C. Lewis afterwards replied and explained,
and the house resumed. .

The Passing Tolls Bill was read a second time, on
the motion of Mr. LOWE, and ordered to be referred
to a select committee.
The house adjourned at half-past 10 o'clock.

Tne Financial Statement of the Session is
always looked forward to with interest by
various classes of the community. All the eco-
nomic sectaries who have favourite specifics to
recommend, all the political gramblers who have
party pins to seek, all the bangers-on of power in
possession or in expectancy, and finally, all the
thoughtful portions of the toil-worn and ill-repre-
sented many who find heavy taxes hard to pay—
await with move or less of curiosity and hope the
announcement by the CHANCELLOR of the Ex-
en Eaten of the amount of proposed expendi-
ture for the coming year, and the methods whereby
he proposes to provide for it. No man understood
better than the late Sr Rose= PEEL how to deal
with this prevalent feeling ; no man took gve
pains to maintain an impenetrable reserve as to his
intentions up to the moment when he rose
to propound his elaborate scheme of amendment or
revision ; and no man in our time so well knew how
to bold the attention of a crowded House of Commons
during the coarse of a monster speech, full of dry
details, up to the climax of concession or improve-
ment wherewith it always closed. Among his suc-
cessors there has hardly been an attempt (save that
of Mr. GLADSTONE, in 1853) to imitate his example.
Budget-making is still an art and a mystery wherein
there is, and will ever be, but few proficients of the
highest class; and budget-speech making appears to
be a knack wholly beyond the capacity of ordinary
financiers. Seldom has the ministerial revelation
been expected with more anxiety than that of Sir
CoanEWALL LEWIS last night. Irrespective of the
party hopes and fears which encircled it, a wide-spread
holing of impatience prevailed throughout the
country as to the cessation of the war taxes, about
which, in so far as they were dependent on statute-
able technicalities, there ought never to have been
any room left for uncertainty. At five o'clock the
CHANCELLOR of the EXCHEQUER began his care-
fully prepared address ; at eight o'clock he admitted
that he had exhausted his stock of materials, having
long before exhausted the patience of his auditory
and his own powers of audible articulation ; the
result will be found in the solid man of typography
which we present on a previous page : yet we
venture to think that few of those who may have
leisure to devote to its perusal will find in it much
they did not know, or did not fancy they knew,
before. The sole point of moment or importance
had been supposed to transpire two days previous
to its official announcement ; and when the hungry
and wearied members heard Sir C. LEWIS confirm
what everybody had already anticipated—that the
war ninepence was to cease after April next—they
rose almost unanimously, and quitted the house,
leaving only a few odds and ends of all parties to
endure unto the end.
The truth is, the circumstances of the country,
and still more them of the Cabinet, did not afford
much room for invention or novelty on the occa-
sion ; and if they bad, oar present unadven-
turous and uncreative Minister of Finance
is not the man to avail himself thereof.
We are about to close our three years'
war account, and about to open a new reckoning in
the too long neglected pages of " peace, retrench-
ment, and reform." Everybody understands that Re-
form at least will never be carried out satisfactorily
or completely by the lavish hands that gave rise
to war expenditure, and who, to judge by the pains
they are already taking to get up new quarrels and
conflicts, or the costly show of them, must lend a very
reluctant aid to the present diminution of national
expenditure. But we are • business people, and
arc content to have the old wasteful system wound
up almost anyhow, in order to stop the outgoings
and get the new set of books fairly opened. And
thus when the CHANCELLOR of the EXCHEQUER sums
up the cost of the Russian war, and tells
us that the 40,000,0001. we borrowed fur that
purpose will be gradually liquidated by existing
arrangements, without the retention of a seven-
penny income tax for more than three years,
we are disposed to draw a long breath, rub
our hands together, possibly walk up and down
the room in patriotic meditation, and eventually
give in our adhesion to the belief that things
might after all have been much worse. Con-
sidering the way in which things were managed
during the early part of the war, we are almost