The Sun.
London, England, 1852-12-04 00:00:00

THE TRUST' and LOAN COMPANY of
UPPER CAN AI)A.

NOTICE IS HEREBY GIYE,N. That an EXTRAORDINARY
GENERAL MEETING of SHAREHOLDERS in this COMPANY
WI I be held on the 15th December, at Two o'Clock P.M., at the
Offices, 65. Moorgatc-street, for the purpose of declaring a Dividend
on the Capital Stock of the Company.
The Meeting will then be made special, for the purpose of taking
into consideration the granting powers to the Directors to receive
money on Loans, in accordance with the 41st clause of the Act of
Incorporation of the Company.
The transfer books will be closed from the Bth to the 16th De-
cember.

By order,

T. MACDONALD, Sec.

DR. GLOVER'S DENIAL of his CERTIFI-
CATE to Mr. ALLSOPP :—"I beg to say that I never gave
Mr. Allsopp any certificate whatever." Dr. GLOVER'S LETTER
wai published in extenso in the 20th number of THE MEDICAL
CIRCULAR, accompanied by an editorial exposé of the gigantic
Beer Puff of Messrs. Allsopp, Liebig, and Co.—Orders for the Medical
Circular to be sent to the office, 4, Adam-street, Adelphi. The trade
supplied by Gilbert and Co., Paternoster-row.

13 I NNEF ORD'S PURE FLUID MAGNESIA
Has been for many years sanctioned by the most eminent
o f the medical profession, as an excellent remedy for
ACIDITIES, HEARTBURN, HEADACHE, GOUT, AND
INDIGESTION. •
As a Mild Aperient, it is admirably adapted for Delicate Females
particulary during Pregnancy ;n and It prevents the food of infants
from turning sour during digestion. Combined with the
ACIDULATED LEMON SYRUP,
it forms an Effervescing Aperient Draught, which Is highly agreeable
and efficacious.
Prepared by DINNEFORD and Co., Dispensing Chemists (and
General Agents for the Improved Horse Hair Gloves and Belts),
172, New Bond-street, London. and sold by all respectable Chemists
throughout the Empire.

THEATRE ROYAL, HAYMARKET.
Farewell Season or Mr. Benjamin Wester as Lessee and Manager

THIS EVENING
Will be performed the new Petite Comedy of A NOVEL EXPE-
DIENT, by Mr. Leigh Murray, Mr. Howe, and Mrs. Stirling.
After which, the very popular and highly attractive Comedy of
MASKS AND FACES; or, Before and Behind the Curtain. Triplet,
Mr. Benjamin Webster ; Peg Woffington, Mrs. Stirling.
To be followed by the Farce of A CAPITAL MATCH.
To conclude with the Farce of SHOCKING EVENTS.

ROYAL LYCEUM TIIEATRE.
Under the Management of Madame Vestris.
THIS EVENING,

Will be performed TAKING BY STORM.
After which, a new Farce, in two acts, entitled THOSE DEAR
BLACKS. Characters by Messrs. Charles Mathews, Baker, Suter,
Butler, and Miss Wyndham.
To be followed by USED UP.'

To conclude with A HOIISE OUT OF WINDOWS. Characters,
y Paul Potter and Mr. Robert Roxby.
Sole Agent for the Private Boxes, Mr. W. Allcroft,. 15, New
Bond street.

THEATRE ROYAL ADELPIII.
Open for the Season.
Proprietor, Mr. B. Webster. —Directress, 3ladame Celeste.
THIS EVENING,
Far the Sixth Time, an entirely new Drama, In three acts, called
SLAVE LIFE ; or, Uncle Tom's Cabin—by Messrs. Alfred Wigan
(his Fifth appearance), Emery, 0. Smith, Cullenford, Madame Ce-
leste, Miss Woolgar, Miss Laura Honey, and Mrs. Keeley.
Alter which, the Extravaganza of MEPHISTOPHELES; or an Ambassador from Below.

ROYAL PRINCESS'S THEATRE, OXFORD-STREET.
Under the Managethent of Mr. C. Kean.
THIS EVENING
Will be performed Sbakspere's Comedy of TWELFTH NIGHT.
Principal characters by Messrs. Bartley, Lacy, Stanley, Meadows,
J. Vining, Ryder, Everett, Cathcart ; Misses Murray and Marshall,
and Mrs. C. Kean.
After which, THE ADOPTED CHILD. Principal characters by
Messrs. Bartley, Graham, and Everett, Misses Terry, Vivash, Le-
clercq, Daly, and Mrs. Daly.
To conclude with D MAP AS A POST, in which Mr. Wright
will appear.

ASTLEY'S ROYAL AMPHITHEATRE.
Proprietor and Manager, Mr. W. Batty.
Great and unprecedentel success of Uncle Tom's Cabin, which
nightly increases in popularity and attraction.
On MONDAY, December 6th, and daring the v eek, the per or-
mances will commence with the new and highly successful Eques-
trian Drama of UNCLE TOM'S CABIN, with ell its exciting aad
interesting Equestrian and Dram it c eftws.
To be followed by Batty's Equestrian and Gymnastic Scenes in
the Arena.
To conclude with the popular Farce of THE DEYIL TO PAY.
Stage Manager, Mr. W. West. Doors open at Halt-past Slx
o'clock; Dos-ott:tx open daily from Eleven to Four.

HIGH WATER AT LONDON BRIDGE.
TIII3 DAY —Morning 36 min. after 6 I Evening 6 min.aft. 7
Tc-Moaaow—Morning 40 min. after 7 Evening 16 min.aft. 8

THE WEATHER.—SuN OFFICE, Dec. 4.
THERMOMETER, IN THE SHADE.
49—highest since noon yesterday.
43—lowest this morning and during the night.
51—this day, at noon.

BAROMETER, 29'98.
WIND, S.W—Dull, rainy weather.

THE WELLINGTON

SUN.

ON THURSD,V THE 18ra,AN
EXTRAORDINARY EDITION OF THE SUN
WAS PUBLISHED, CONTAINING
A SPLENDID PORTRAIT

CF THE LATE
DUKE OF WELLINGTON,
WITH HIS AtTCGRAFIL AND A FULL ACCOUNT

method of manning the mercantile marine, the
Right Hon. Gentleman referred in powerful and
indignant terms to the evils resulting to the
Royal Navy from the equally erroneous scheme
of manning that service—pronouncing the latter,
indeed, to be absolutely irrational. Next were
considered the claims of the sugar produc-
ing interests. Sugar he pronounced to have
been the battle-field of parties ; but he besought
the House to enter upon the consideration of the
present state of those interests with good temper and
impartiality. Nevertheless, while feeling deeply
the misfortunes which have befallen of late years
the sugar-producing colonists, he waived the idea
of introducing this clause of his Budget m
the character .of a sentimentalist. Acknow-
ledging the suffering of the interests here
referred to, he yet did not consider the com-
plaints borne out by statistics, so far as to con-
vince him that our colonists could not survive the
existing system of competition. Particulars were
then adduced from the returns of 1851, compared
with those of 1852, showing that the imports of
foreign sugar have decreased, while the im-
ports of British sugar have as wonderfully
increased during the same interval. The Cabinet
could not regard itself as called upon to yield, or
even justified in yielding to the demand of our
colonists, either that we should arrest the descent
of the duties on foreign sugar, or reduce the
duties upon British plantation sugar. Simply,
therefore, the Ministry refuse distinctly to pro-
pose the return to differential duties—having
before it the remarkable and incontestible proofs of
the happy fruits of unrestricted competition. No
wonder the cheers that rose from all parts of the
House at this announcement were especially earnest
among the Free Trade Members of her MAJESTY'S
Opposition! Again, the CHANCELLOR of the Ex-
CHEQUER declared that he could not possibly recom-
mend the increase of loans to the British sugar pro-
ducing colonists—because the loans already set apart
for their advantage are at this moment actually in-
exhausted ! One boon, however, he would urge
should be granted to the interests here referred
to—that prayed for in reference to the re-
fining of British sugar in bonded refineries
for consumption : a boon which, he reminded
the House, might be safely and gracefully con-
ceded, because it is strictly in continuance or
development of the system of unrestricted compe-
tition. Reference was now made by the Right
Honourable Gentleman to the whole net-work of
local taxation throughout the country. Upon the
Highway Rate the Cabinet was, he announced, pre-
paring a measure which he felt sanguine would
prove acceptable to the great majority of the
Imperial Legislature. When alluding to the
County Rate, Mr. DISRAELI in an impressive
tone, which was warmly responded to by the
applause of the House, stated that before long Par-
lia.nent would have seriously to take into account
the whole of one of the most important ques-
tions of the day—the question of Punishment !
Altogether the County Rate, according to his
explicit remark, was stated to amount to 800,0001.,
though in reality it only reached 600,0001. (the
police being erroneously included in the tables of
the results of the assessment) ; but this rate he
would not conceive himself justified in recom-
mending to be materially or even moderately
diminished. Immediately the greatest of all the
local taxes, namely, the Poor Rate, was men-
tioned, a desultory kind of conversational tone
was introduced into the financial statement
by the cheers and counter cheers upon the
allusions made to the decrease of late years in the
extent of pauperism--the cheers of the Opposi-
tion being a sort of inarticulate panegyric on
" recent legislation"--and the counter cheers from
the Ministerial side of the house being a species of
unsyllabled tribute to the " obsolete opinions" of
Protection. Finally, however, under this head, the
CHANCELLOR of the EXCHEQUER brought the ap-
plause of the House of Commons to something like
unanimity by announcing that he would not pro-
pose any change whatever in the system of Local
Taxation. Hereupon, the Right Hon. Gentleman
altered his manner very perceptibly—having at
last reached the core, the pith, the marrow of the
present memorable Financial Statement. He de-
dared in the clearest language that the_ purpose
of the Government, at this juncture, is to carry out
to the fullest extent the now firmly established sys-
tem of unrestricted competition. Foremost among
all the evidences of this intention on the part of
the Cabinet, was the explanation thereupon made
by Mr. DISRAELI, that the Ministry are definitively
prepared to deal with the Malt-tax. The propo-
sition now submitted to the Legislature is this,
that the duty upon malt should be considerably
remitted—that, in fact, it should be reduced one-
half—while the drawback upon malt should in
Scotland (as had formerly been done in Ire-
land) be altogether foregone. It had been
asserted long ago that the abolition of the
duties on corn would necessitate the remission of
the duties upon barley. That remission had now
become inevitable. It was undoubted, said the
Right Hon. Gentleman, that an increase had been
perceptible since the establishment of the system
of unrestricted competition, the sum total being,
in 1849, 38,935,000 bushels, in 1850,
40,1744,000, and in 1851, 40,337,000. Yet
it would be but fair that Free Trade should
be carried out to its fullest extent in
this particular, and therefore it has now been
proposed by the CHANCELLOR of the EXCHEQUER that
the Malt-tax—now levied at the rate of 2s. 'rid.
—should be reduced one half, namely, to Is. 3id.,
and that the new system should come into opera-
tion on the 10th of next October. The next
subject treated of by the Right Hon. Gentleman
was the question of the Tea Duties. The reduction
of the malt-tax by one half, must of course, he in-
- sisted, benefit the consumer considerably ; by
placing within his reach cheap beer, it would,
by
encouraging the cultivation of barley, materially
improve the condition of agriculturists. The
reduction of the Tea Duties, he contended;
must not less signally benefit the consumer and
the importer. In his reference to this proposed
diminution lie made facetious mention of the early
praise of the china plant by PEPYS in his "Diary,"
and then specified that the imports of Tea in 1 851
reached 71,466,000 lbs.—the consumption being
about 54,000,000 ; 'while the consumption of the
current year would probably amount to full
57,000,000 lbs. At present the duties on Tea may
be stated at 240 per cent, or 2s. 21d. per lb. These
(
duties the Right Hon. Gentleman now proposed
to reduce very considerably. He had previously
remarked that it would be unwise to deal in a
small manner with the Malt-tax. He subse-
quently suggested that the old war duty on Hops
should be at once remitted, thereby reducing
the actual duty one half. In a kindred spirit he
now unfolded his plan in relation to the altera-
tion of the tax imposed upon Tea. Instead of
maintaining those duties at 2s. 2d., he would
suggest that they should be reduced during the
next 6 years to is.—thus, in the first year by 4id.
and in each of the five years afterwards by 2d.,
until it is reduced to ls. as proposed. It should
be especially borne in mind, that this reduction
to Is., applies to teas of all kinds, to teas , of all
qualities, to black and green indiscriminately.
Turning to generalities, the CHANCELLOR of the
EXCHEQUER next spoke of the powers of the popu-
lar consumption upon which the revenues were
mainly dependent. Those powers of consump-
tion he regarded as visibly on the increase.
The rise in the rate of wages he considered to be
advantageous to the country, instead of being, as
was sometimes pretended, altogether disastrous.
Recapitulating briefly the measures proposed
to be carrietl out by her MAJESTY'S Go-
vernment, the Right Honourable Gentle-
man reminded the House that they suggested
the remission of 2,500,0001. through the
Malt Duties, of 900,000/. ' through the Tea
Duties, of 300,0001. through the Hop Duties
—altogether reducing the revenues of the country
l'Y a sum of between 3,000,000/. and 4,000,000/.
Bearing this in remembrance, we seemed to come
taxturailY enough to the consideration of the
inipose,-, ,-
si. from year to year upon incomes
the
and pi orleL-t-. mi--
EXCHEQUER.--Y &nat tax the CHANCELLOR of
admit of any exemptilftsafned upon a former
occasion in the }louse
Commons,. ought not to
Repeating this asser-
tion in his Bud et h©
now yet more distinctly

insiste
be generalc; that the Property and Income-tax should
of this prin-
p Ithe de alopment of the " wise,
-
_
o a anti
;in ail in the enforcement
just, and beneficial" measures known as the
measures estall ishing the system of unrestricted
Tax to funded proper-
ties and salaries in Ireland. Turning in a kind
the competition,
Pro p er
t he
and n °ln' demanded the extension of
Inc'
of episodical manner to the coinideration of
the 240,0001, per annum, known as the Consoli-
dated Annuities, the Right Hon. Gentleman re-
marked that the Cabinet were not prepared
to accede to the recommendations from the
House of Lords' Committee, though they
meditated bringing forward some Ministe-
rial suggestion at an early opportunity.
Having explained this matter incidentally, he
reverted to the subject of the Property and
Income-tax—observing that besides extending it
to the funded property and salaries in Ireland,
Minister were preparing to recognise a difference
between permanent or realised incomes and
incomes simply precarious. In illustration of
his meaning, and after distinctly announcing
that there would not be a preponderating
increase in any schedule, he explained that he
would henceforth consider the exemption in
industrial incomes to commence at 1001.
per annumn, and the exemption in the
incomes on property at 501. per annum.
Schedule A and C continuing 7d., reducing Sche-
dules B, D, and E, to the rate of merely 5f d.
Estimating the proceeds of the extension of the
Property and Income Tax to Ireland at the " mo-
dest sum" of 60,0001., he considered that the sum
total would be, under the new arrangement,
somewhere about 5,421,000. Meanwhile he ref
called to the recollection of the house that he had
suggested measures which would reduce the revenues
by an amount exceeding 3,500,000/. Added to
this, came the increased expenditure consequent
upon the development, or rather organisation,
of the national defences. Remembering
these facts, it became his duty as CHANCELLOR OF
THE EYCHEQUER to allude now more parti-
cularly to the necessity for supplying deficiencies.
Glancing cursorily over the tables of the financial
year about to terminate, he remarked that it
was no doubt true that there would be found
on the sth of next April a probable dimi-
nution on the customs of about 100,0001.,
yet he, nevertheless, felt confident that the
surplus would prove not 460,0001., as he
had originally calculated, but actually a million
beyond that, amounting, in fact, to nearly
1,400,0001. ! The Right Hon. Gentleman then stated
his intention of suggesting a series of measures for
increasing the revenues of the country by
about 600,0001., through the medium of a
supplementary estimate. Happily, he con-
sidered the state of the revenues to be " most
favourable" as we ' have intimated by the hinted
surplus of a million and a-half sterling. To-
gether with the prospect of this surplus,
he gave an equally gratifying prospect of
what he spoke of as "no inconsiderable
reductions." In earnest of the good intentions of
the Cabinet in this particular, he declared boldly
and distinctly, and amidst loud applause from all
parts of the House including the Opposition, their
willingness to bring the whole revenue of the coun-
try under the control of Parliament. Hereupon,
Mr. DISRAELI came to the crowning point of his
difficult and memorable enterprise—the considera-
tion of Ways and Means. Among the latest
of his announcements of Ministerial pro-
jects in the way of improvement, must not
be forgotten, by the way, the proposal to close the
Public Works Loan Commission. Having cleared
the way before him, tne CHANCELLOR of
the EXCHEQUER, we repeat, arrived at last
at about a quarter past nine at the
climax of his great financial statement. Amidst
the breathless stillness of the house, he re-
marked that he was not going to propose
an increase through the Customs, that he
was not going to call for a greater pressure
by the Excise, for a return to indirect taxation,
or for the imposition of a New Tax. No—he was
not about to demand a New Tax. or to revert
to indirect taxation. There was a hush of eager
curiosity. The secret was about to be re-
vealed. What has been looming upon the na-
tion in a remote perspective, ever since Fe-
bruary, was on the eve of appearing distinctly
visible and audible in the popular branch
of the Legislature. Her Majesty's Government then
avowed through the lips of the CHANCELLOR of the
EXCHEQUER their intention to propose to the Com-
mittee the consideration of the House Tax !
There is an existing tax—take into account its
present arrangements ! That is the project. The
Right Hon. Gentleman reminded the country that
the duty on houses producing them 1,198,0001.,
was in 1834 repealed—that the duty on windows
was afterwards abolished when amounting to
1,830,000/.—afterwards of 800,000/, on glass, of
465,0001. on bricks,'of 1,500,0001 on timber, and
general though indirect taxation of 15,000,0001.
Such have been the reductions by which recent
legislation has established the system of un-
restricted competition. What the Cabinet
suggested, therefore, now, was the develop-
ment of that System by extending the house
tax—limiting its operation to every house
of 10/.—increasing the rate to is. on shops,
and to is. 6d. on private dwellings. According
to his calculation, the result of the next year on
this ' new arrangement will be an increase of
receipts amounting to 2,500,0001., opposed
to an increase of 2,100,000/. in expenditure. The
Right Hon. Gentleman, after a masterly statement
which had occupied' in the course of its delivery
up to a quarter to ten o'clock p.m., resumed his
seat amidst enthusiastic applause from the support-
ers of her MAJESTY'S Government.

The Budget last night submitted for the consideration
of the House of Commons and the country, affords a re-
markable contrast to the inane and contemptible pro-
ductions which the late CHANCELLOR of the EXCHEQUER
was accustomed annually to bring forward. Although
there are points both of omission and commission against
which we feel it to be our duty earnestly to protest,
although there are other matters in which the financial
Minister has not made sufficient progress in the right
direction, we freely admit that there was exhibited a
bold and vigorous energy—an enlarged and comprehen-
sivee
iiduringg havtsi
Hetmwooanhonfiys ficfpsuerctueauctl
rieseeduruipbnajrguoe
gc, t;,.:eeaus- -rdss.e xacffe
T affording
rd id ni
uggl y
auspicious creditable
augu-
riesto
h acle
ia b
efi financial nci al
deplorably
defi-
cient in these important particulars. The public had
been wearied with the pompous platitudes the
verbose inanities—with which Sir CHARLES WOOD
had been accustomed to defend his perverse and
obstinate refusal to abandon the beaten track,
and the dull pomposity with which he neglected
to avail himself of the golden opportunitiesafforded by
a handsome surplus. There was something cheering in
the brilliant project last night brought forward. We
cannot help admiring even the portions which we are
compelled to censure. Major A----, in his advice to
whist players—paraphrasing the well-known maxim of
CATHERINE of Russia with respect to Generals—declared
that "it was better to act on a bad principle than on no
principle at all." Mr. DISRAELI. was in every respect
guided by principle, and that in no way opposed to
the free and unrestricted competition recognised by
recent legislation, and had it not been for the
serious mistake into which the Right Hon. Gentle-
man has fallen, with respect to the Inhabited House-tax,
our duty, on the present occasion, would have been
i one of unmixed gratification. As it swe strongly con-
demn, and will most strenuously oppose, that formidable
addition to a burden already sufficiently onerous. We
are aware that the great boons offered to the community
require some addition to the old, or creation of new,
sources of revenue. We fully recognise the propriety,
justice, and expediency of the determination
on of not seek-
ing that augmentation through any indirect imposts ;
but, at the same time, we must object to any addition
of the direct burdens on one description of property to
which others are not equally liable. It would have
been far better, and far more productive to the Exche-
quer, havejkvtoaesiin
aisncreiatasleed thedtlie charge on housesrateonSchedules to Aan4seC,
and to
of all other descriptions of accumulated and realised
property,

It is difficult within the limits assigned to a leading
article, more particularly on an occasion when the
eloquent address now under notice makes so consider-
able an inroad on our available space, to give more than
a very cursory notice of the contemplated changes.
We shall first look to the omissions in the scheme. The
Right Hon. Gentleman . has totally overlooked the
Taxes on Knowledge. He has not even alluded to the
subject. No hope is held out of the abolition, or even
the reduction, of the Advertisement Duty, which we
should have been willing to accept as an instalment
of justice, and which would have given a won-
derful stimulus to the trade and commerce of
the country. -We venture to assert that a
remission of that impolitic and inequitable impost
would not have occasioned any loss to the Exchequer.
The pitiful 150,0001. derived from the tax, would be
more than compensated by the increased activity oc-
casioned
through the new facilities for making known •
the wants of the people, and bringing vendor and pur-
chaser
into communication. It would have been a great
boon to those able and willing to work, and desirous of
making known their anxiety for employment. There
are other matters, too, that ought not to have been passed