The Sun.
London, England, 1862-03-28 00:00:00

THE SUN, LONDON, FRIDAY EVENING, 1114,RCIT 28, 1862.

office, according to his own showing at least—there
has always inopportunely startei forth to view,
searing back even the most adventurous innovator,
obstaclle after obstacle. Now a revolt in Bengal—
a revol It involving at the time the possible disrup-
tion of our whole empire in Hindostan! Now an-
other treacherous act of barbarity on the part of
our dcttr friends the Chinese, an act of barbarity,
and of treachery, and double dealing so heinous as
to necessitate the sending forth of a new and costly
warlike expedition, both military and maritime,
and the sending it forth, too, to the remotest
extremity of the Eastern hemisphere. Nay, a
plea for the postponement of the endeavour to
bring about some more equitable adjustment
of the Income Tax, has often enough been found
heretofore, in casualties less formidable of their
kind than an imperial difficulty like the threatened
downfall of our Asiatic dominion, er than the
• renewal of a conflict with a distant power, peopled,
• according to a :popular computation, by some

400,000,000 inhabitants. What the IRON DUKE so
peculiarly reprobated—a Little War—has again
and again before now been taken as a sufficient
excuse—has been recognised as an adequate impe-
diment. A struggle WO will say at one moment
between the might of England and the weakness of
those wretehed Kaffirs ! Or, another while, even, a
contest far away at our antipodes with
the still more barbaric hordes of the
Maoris clad in—nothing! and armed for the
most part with boomerangs ! Anything,
indeed, has been, eagerly seized upon by our
Chancellor of the Exchequer as a sufficient reason
for farther and further postponement. And so—
to this very day—the evil exists in its full magni-
tude, undiminished and unmitigated. Still to this
day the familiar words applied so long ago to the
Income Tax (as hitherto assessed) are strictly and
literally applicable to it. It has the same triple
atrocity branded upon it. It is iniquitous, inquisi-
torial, and unjust !
Again, however, in 1862, as formerly in 1861,
Mr. HUBBARD is about to revive this question as
to the possibility of bringing about at last
the long-looked for change in the present harsh
and unequal mode of assessing the Income Tax. Last
evening the Income-tax Association meet again
under the presidency of Mr. R. W. CRAWFORD,
when Mr. HUBBARD took occasion to move the
following very admirable resolution :—" That
the Property and Income Tax Act, which expires
on the sth of April next, operates with great in-
equality ; that it in many cases taxes at the same
time income and the property which yields the
income; that it charges alike the products of capi-
tal and the industrial earnings of intelligence and
skill, and tends to provoke on the part of the
aggrieved fraudulent self-assessment, as the remedy
for the injustice of the tax. That in any re-enact-
ment of an income tax the charge on the products
of invested property should only apply to the net
income; aLd that an abatement should be made of
at least one-third of the amount derived from the
profits of trades, professions, and salaries, pre-
vious to their assessment." While expatiating
upon the reasonableness of the principle involved
in that resolution, the hon. member towards the
close of his really able, cogent, and logical speech
last evening illustrated by the subjoined remarks,
the singular injustice inflicted upon those whose
incomes were just about the limits of £lOO and
£l5O respectively. Observing that, "upon the
£lOO income £2 10s. was charged, while the
persons whose income was but ls. under, paid no-
thing; and while the £l5O income paid £5 10s., or
9d. in the pound, the £149 income paid only
£3 14s. 6d., or 6d. in the pound. He proposed," he
said, therefore, " that the rate of the tax should be
equal upon all incomes under schedule D, but with
regard to the lowest class of incomes, his proposal
was that no less deduction should be allowed than
£6O, which would be the one-third from £lBO, leav-
ing the tax-payer to pay upon £120; and the man
whose income was £lOO would pay upon £6O or
305." A perfectly practicable plan this in the view
of Mr. HUBBARD, and of many others who think
with him. Before many more days of the ses-
sion shall have elapsed, we shall have an oppor-
tunity of observing how far Mr. GLADSTONE is dis-
posed to coincide in that opinion.

2HE OXFORD MUSIC BALL.

FOURTH MORNING PERFORMANCE.

The fourth morning concert of the series took place yes-
terday morning in the presence of a large and fashionable
audience. There was a very pleasing variety of vocal,
choral, and instrumental music. The whole performance
gave unqualified satisfaction. The selection from " Simon
Boccanegra " was given with all that force in the concerted
pieces and completeness in the principal airs which distin-
guishes the performance of selections at this hall. Next
in importance were the quintett and finale, to which ample
justice was rendered. The familiar Scotch song was also
beautifully sung by Miss M. Stuart. There are few singers,
indeed, from whom Scotch ballads and duetts receive more
exquisite treatment than from this lady and her sister.
Mr.Viotti Collins, in his one-string solo, brought out the sin-
gularly resonant tone of the famous instrument which it ap-
pears had once for its owner the circumnavigator, Capt. Cook,
and on which Mr. Jsaac Collins, the father of the celebrated
family of artists of that name, used to tickle the ears of the
town after the precedent set him by Paganini. The piano-
forte solo, also, of Miss Bryant, in which she exhibited de-
licacy of touch, and facility of execution, was well re-
ceived. We need not dwell upon the " comic element."
A rich treat awaited the audience, and was fully en-
joyed. The performances were brought to a close by those
justly-styled "marvellous gymnasts," masters Henri and
Pfau, who performed their astounding feats on the Flying
Trapeze. Mr. Jonghmans conducted the selection with
his customary tact and spirit.

LATEST NEWS.

INDIA.
(By Telegraph from Alexandria.)

BOMBAY, Ma cu 12.
Shirting and wale twist dull and declining.
sr. lla.
Cotton active and advancing. Broach 220.
Copper dull and declining. Sheathing, 57r. ;
tile, 56r.

1,510 r. per chest.
Opium, Mahva,
Exchange on London—First-class credits, 2s. 7-7,d.
Government Securities—Four per Cents., 881- ;
Five per Cents., 101 ; Five-and-a-Half per Cents.,
107.

Freight to Liverpool for cotton, 60s. to 625. 6d.
(By Telegraph to Bombay.)
CALCUTTA, MARCH 10.
Shirtings dull and declining. Mule twist fair
inquiry, but prices unaltered.
• Copper dull and declining.
Indigo and linseed unchanged. Rice quiet.
Government Securities—Four per Cents., 871;
Five per Cents., 101:1- to 101 k ; Five-and-a-Half per
Cents., 1071 to 108.
Freight to London for seeds, 655. •

and 16th. A band of peasants were, on a given
signal, to enter the town. The signal was, in fact,
given, but patrols of military surrounded and arres-
ted the authors of the conspiracy, whose object was
to deliver the prisons and pillage the shops.
Numerous arrests were made ; among others two
barristers, M. Boudouris, ex- depnty, and )r. Soudas.
At Nauplia 900 malefactors, and at Negropunt 250,
have been either taken or killed. It was the sol-
diers of the line who chiefly contributed to the
liberation of the galley-slaves. The revolt is
purely military.,"