The Sun.
London, England, 1853-05-18 00:00:00

THE NEW INCOME TAX BILL.

The measure embodying the recent proposals of the
Chancellor of the Exchequer, with reference to the
income tax, was printed on Monday. It is entitled,
"A bill for granting to her Majesty Duties on Profits,
arising from Property, Professions, Trades, and Offices."
There are 46 clauses, the provisions of which are to
take effect from the sth of April last, and to con-
tinue until the 6th of April, 1860. In respect of
property in lands, &c., pensions, interest of money,
annuities, dividends payable to individuals or corporate
bodies, and the annual profits accruing to any person
resident in the United Kingdom, or from any trade, or
profession exercised in the United Kingdom, for every
20s. of the annual value or amount thereof, the charge
will be, during the first two years 7d., during the
second two years 6d. and for the remaining three years
sd. In respect of the occupation of said lands, for every
20s. annual Talue, the duty for the first two years in
England is to be 3p., and in Scotland and Ireland,
2td. • in the second two years, in England, ad., in
Scotland and Ireland, 21d. ; and for the last term
of three years, 2P. in England, in Scotland and Ire-
land, lid. For the purpose of classifying and distin-
guishing the several properties, profits, and gains, and
for assessing and collecting the duties payable upon
them the duties are to be charged under five schedules :

Schedule A.—ln respect of property in ail lapds,
tenements, and heritages in the United Kingdom, the
duty is to be charged for every 20a. of the annual
value thereof.

Schedule B.—ln respect of the occupation of all such
lands, &c., the charge is to be upon every 20s. of the
annual value thereof.

Schedule C.—ln respects of all profits arising from
interest annuities, dividends payable to persons, to bodies
politic, or corporate companies, or societies, out of any
public revenue, the duty is to be charged for every 20s.
of the annual amount thereof.

Schedule D.—ln respect ofall annual profits or gains ac-
cruing to any person residing in the United Kingdom for
any kind of property whatever, whether situated in the
United Kingdom or elsewhere, and for the annual pro-
fits or gains according to any person residing in the
United Kingdom, from any profession, trade, employ-
ment, or vocation, whether the same shall be respec-
tively carried on in the United Kingdom or elsewhere,
the change is to be for every 20s. of the annual amount
of such profits and gains.
In respect of the annual profits or gains accruiug to

any persons whatever, whether a British subject or not,
although not resident in the United Kingdom, from
any property whatever in the United Kingdom, or any
profession, trade, employment, or vocation exercised
within the United Kingdom, the charge is to be upon
every 20s. of the annual amount of such profits and
gains.
In respect of all interest of money, annuities, and
other annual profits and gains not charged by virtue of
any other of the schedules in the act, the charge is to be
for every 20s. of the annual amount thereof.

Schedule E.—ln respect of every public office or
employment of profit, and upon every annuity, pension,
stipend, payable out of the public revenue of the United
Kingdom (excepting the annuities charged under
Schedule C), the charge is to be upon every 20s. of the
annual amount thereof.

The duties, which are to be placed under the manage-
ment of the Commissioners of Inland Revenue, are to be
assessed and raised under the provisions of the sth and
6th Vict., c. 35, and of the several acts therein referred
to, and also of all acts subsequently passed in explana-
tion or alteration of the above-mentioned act, and
for this purpose all the said acts shall be revived and
deemed to have been in force from the sth of April,
1853. All of the said regulations and provisions which
have reference to Great Britain or England, shall, so
far as they are applicable with the exact provisions of
this act, be extended to Ireland. The exemption
under the former acts of persons whose income
was under 1501. per annum, is in future to be restricted
under this act to persons whose whole incomes from
every source are less than 1001. a-year respectively,
with the proviso that any person so charged, who shall
claim and prove that his total income from every
source, although amounting to 1001. a-year or upwards, is
less than 1501. a-year for the year of the assessment chr
his profits or gains, shall be entitled to be relieved from
so much of the said duties as shall exceed the rate of
sd. for every 20s. Persons also who have made an in-
surance, or contracted for a deferred annuity for the
lives of themselves or wives, are to be allowed an abate-
ment of duty in respect of the annual premiums paid.

PORTUGAL.

SOUTHAMPTON, MAY, 17.

By the Royal mail steamer Severn we have Lisbon
letters and papers of the 12th inst., being three days
later than the last Peninsular mail. The ex-Empress of
Brazil having arrived from Madeira with the remains of
her daughter, she was immediately visited on board the
steamer-of-war by the King and Queen, and the funeral
took place at the Church of St. Vincent just before the
Severn left, with every demonstration of sympathy and
regret on the part of the inhabitants of Lisbon, by whom
Don Pedro's amiable and benificent widow is deservedly
respected.
Little further progress had been made in the Cortes.
The Peers' Committee had reported in favour of the
approval of all the dictatorial laws. The Deputies had
not yet passed the law of expropriation for railways.
It was reported that the railway works had been sus•
pended after the day of turning the first sod ; but our
correspondent states having seen 30 men at work on the
11th. A great number of Portuguese labourers had
either been dismissed or refused employment, which led
to a disturbance at the company's offices, and, probably,
gave rise to the report that the works had been entirely
suspended.
Her Majesty's ship Firebrand was at Lisbon on the
12th, and the Thomas Harrison, Halliday, 16 days from
London, and bound for Port Philip, had put into that
port with her foremast sprung.
The Peninsular and Oriental steamer Madrid, with
the mails of the 7th inst. from Southampton, reached
Lisbon on the 11th inst.

THE LATE MR. GEORGE PALMER, FORMERLY M.P.
FOR SOUTH ESSEX.—This much respected gentleman
died, after a short illness, on the 12th inst., at his seat,
Nazing-park. Mr. Palmer represented South Essex in
Parliament, successively, from 1835 to 1847, when, on
account of advanced age and increasing infirmities, he
resigned his seat, much to the regret of his constituents.
He will long be remembered as chairman of the several
select committees on shipwrecks in the House of
Commons, for his exertions to lessen the causes of dis-
asters at sea, and to improve the qualifications of our
merchant seamen. Mr. Palmer was the inventor of
a valuable plan of life-boat, which, under the auspices
of the Royal National Institution for the Preserva-
tion of Life from Shipwreck, has been the means of
saving s*ne hundreds of shipwrecked persons on our
coasts, and for which he was, a few weeks before his
lamented death, presented with the gold medallion of
the society. He had also been the deputy chairman of
the institution for upwards of 25 years. Mr. Palmer
had been in his earlier years extensively engaged as a
merchant and shipowner in the City of London, and
was remarkable for never allowing any of his ships to go
to sea without making every provision for savini, the
lives of the crews in cases of shipwrecks. He had for
upwards of twenty years supported, at his own expense,
a corps of yeomanry, which, we believe, will be continued
by his son and heir, Major Palmer. Mr. Palmer was
in his 84th year when he died, and was the elder brother
of Mr. Horsley Palmer, the ex-Governer of the Bank
England. The family of Palmer, whose patriarch, Wil-
liam Le Palmer, was a crusader under Richard Cceur de
Lion, have, from a remote period, been established at
Nazing-park, Essex, and the late representative of the fa-
mily was endeared to all who knew him in private life, by
the gentleness of his manners, and the sterling integrity
of his principles.
DEMONSTRATION OF ODD-FELLOWS.—NOTTINGHAM,
TUESDAY.—Yesterday a demonstration of the Manches-
ter order of Odd-Fellows took place in this town. At
one o'clock members from thirty lodges assembled in
front of the Castle-lodge, where they were joined by the
band of the Bth Hussars. They afterwards proceeded
to parade the principal thoroughfares of the town ac-
companied by three bands of music, and a number of
flags awl banners, each member wearing the insignia of
his rank in the drder. At the conclusion of the proces-
sion they drew up in the Market-place, where the Na-
tional Anthem and Rule Britannia were performed by
the bands. The annual expenditure of this district has
been, during the year, as follows :—Allowance to sick
members, 1,2991. 15s. 7Yd. ; to members in distress,
171. 19s. ; for medicine and attendance, 321/: Os. 7d. ;
to widows and orphans, 1981. ls. lid. ; for funerals
8361. Total, 2,172/. 16s. 4d.

THE LORD I3IGIi COMMISSIONER.—We believe it is
not yet decided whether the Right Hon. Lord Belhaven
and Stenton, who has been appointed her Majesty's
commissioner to the ensuing meeting of the General
AssenAly of the Established Church, will take up his
residence in Holyrood Palace or not. It is, however,
most probable that apartments will be provided for his
grace in the palace. We understand that Thos. Burnet,
Esq., Aberdeen, who has for nearly 40 years officiated
as' purse-bearer to the different commissioners, and who
has discharged his duties in a very efficient manner, has
resigned from ill health, and has been succeeded by a
nephew of his grace's, Robert Ramsay, Esq.—Eclintcrgh
aticfraiffm.