The Sun.
London, England, 1862-04-01 00:00:00

NOTICE.

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THE SUN.
LONDON, TUESDAY, APRIL 1, 1862.

Our analysis yesterday of the Revenue Tables for
the last year and the last quarter, just expired, was
so complete and searching, that we may content
ourselves with a very few remarks this morning
upon the reports of the Revenue now officially
published. Those tabular reports will be found to
corroborate our calculations, last evening, through-
out. And we cannot imagine to ourselves how
any one can seriously rise from their examination
without feelings of intense gratification—demon-
strating, as they most unquestionably do, the ex-
traordinary elasticity of the Finances of England
even under the most trying circumstances.
The simple fact that upon the year just now ended
there should be found merely a net decrease of
£609,000, is in itself something wonderful. For,
within the very twelvemonth that shows this really
trivial falling off—trivial we mean in remembrance
of the facts we are immediately about to recapitu-
late—the Paper Duties (representing £1,330,000)
were entirely abolished—a penny of the Income
Tax (representing another £1,130,000) was quietly
dropped : that is, a sum amounting in all to
£2,460,000 of taxation was foregone within the
very year that now proves, upon the close of it, to
have suffered a net decrease upon the revenue not
exceeding £609,000 ! And, let it be remembered,
that in addition to the abolition of the whole of the
Paper Duties, and of the concession of a penny in
the pound upon the Income Tax, the year's revenue
has been liable to a serious diminution—among
other reasons, because of the absence of the malt
credit which swelled the receipts of 1860-1, and
because of the blockading of the Southern ports of
the Republican States of North America, the
ports whence we have consequently been enabled to
obtain a less supply this year of corn, of rum, and
of tobacco ! Yet, strange to tell, in very despite of
that obstruction to our regular and increasing im-
ports, the Customs, as we intimated yesterday, only
-shave a total decrease of 1:10.0,000 altogether ;_ the
diminished importation of corn and tobacco being
balanced, except to the extent of that decrease, by
the increased revenue derived through the agency
of the duties upon malt and hops.
Recollecting all this, it becomes, really,
matter of very secondary consideration, that
the year shows a decrease altogether under the
head of Excise amounting to £1,101,000, and a
falling off in the proceeds of the Property
Tax
of just £558,816—n0t, observe, of the
"whole •
Pennyworth, or £1,130,000, but merely of
'''°'3B,Bl6l A thing incomprehensible, as we ad-
mitted yesterday while recounting the various items
briefly in round
numbers—a result altogether in-
comprehensible
but for the fact that this year the
proceeds of the
income .tax have been swelled so
very considerably by the paying in at last of certain
timely arrears. As a set off to these two solitary
drawbacks upon the year, the di • mintsued Property
Tax and the dwindled Excise,
there are, however,
in the 'way of an increase—at the Customs of
£368,223; through Stamps, of £242,533; through
Taxes, of x'33,000; through the 'A
ost-uffice, of
L 110,000; through the Crown Lands of a little
insignificant item of 134.432 ; and through the
neous, of 1294 433. An increase in all upon
the year of £3,052,621—whip1i, being deducted
from the total decrease upon the year's revenue,
(amounting. as we have seen, in all, to £1,661,816),
leeves as the quotient in that little sum of subtrac-
tion the net decrease- already specified ofjust exactly
£609,125. The Chancellor of the Exchequer may,
therefore, prepare with a good heart for the Financial
Statement he has now to submit on Thursday even-
ing tothe Houseet'Conimons.His utmost expectations
may be said to have been more than realised. For,

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