The Sun.
London, England, 1841-07-06 00:00:00

THE NAPIER SUN

la NOW PUBLISHING.

TO CORRESPONDENTS.
The hint of onr kind friend " Sol" shall be attended to ; in
fact, the matter had been determined on before the General
Election. It is pleasant, hovtver, to know that others me-
ditate in our vein.

HIGH. WATER AT LONDON BRIDGE TOMORROW
Morning 5.5 minutes after S. Evening 1U minutes after 4.

The Publication of the Evening Edition of THE Sus com•
meneed at 20 minutes after Three.

LONDON:
TUESDAY, JULY 6, 1841.

The accounts of the Revenue were made up
last night, and they give us no reason to say
that the gulph between the Income and
the Expenditure is closing up. The whole de-
crease on the quarter, as compared to the cor-
responding quarter of last year, is certainly
trifling, only 3,6611., but while there is a great
increase in the Taxes, 382,8881., arising from the
increased per tentage, from which men cannot
well escape, there is a decrease in the Customs
on the quarter, notwithstanding an increase in
the rate of duties, of no less than 289,3481.
The Excise shows an increase in the quarter of
83,361/. We are also happy to say, that there is
a small increase in the Postage of 19,000/. The
several items of increase amount to 499,3671., and
the several items of decrease to 503,0281., making
as we have said a decrease on the quarter
of 0,6641.

The account for the whole year is equally
unfavourable as an indication of our commer-
cial system. The decrease of the Customs for
the year is 856,991/. ; of the Postage, 515,0001.;
Crown Lands, 15,000/. ; total decrease, including
reppyment of advance, &c., is 1,663,2-24/. The
Excise duties have increased 431,0-201., and the
Taxes, 609,471/., making, with other things, the
total increase of the year 1,138,5841.; and
showing on the whole year, notwithstanding an
increase in the rate of taxation, a falling off in
the reveaue of 324,640/. In other words, the
total revenue of 1840, was 45,196,8631., of 184
it is only 44,67.2,'223/.

Nor will the alteration in the Postage account
for this loss. The loss by that alteration in the
year was 545,0001., which is much more than
counterbalanced by the increase in the Excise
and Taxes of nearly 1,100,0001. It can no longer
be said that the revenue keeps up, and the fall-
ing off in the Customs of 856,000/. in the year,
notwithstanding an increase of 5 per cent. in the
Customs duties, shows that the trade of England,
the mainspring of its greatness and superiority
to other nations, is becoming weak, and decaying
under the misbegotten legislation of avarice and
ignorance.

It must be on this occasion remembered that
the corn duties have yielded about 1400,000/. to
the Customs revenue in the course of this year.
But should the ALMIGHTY bless us, of which
there is at present a promise, with an abundant
harvest, much less corn will be imported in the
next revenue year than in the one which has
just expired, and we may consequently antici-
pate worse, rather than better, prospects for the
revenue. Although we are aware that a falling
off in the revenue from a diminished importation
of cord is at all times compensated, to some ex-
tent, by the increased consumption which is
brought about by that abundance which prevents
importation, yet we are forced to conclude, from
this circumstance, that a fixed duty on corn im-
ported—different fi om a duty levied at the mill, as
in the olden time, on all the corn ground and
consumed in the country—must always yield a
--rtain and varying revenue. In very
sons it will give nothing. If Mr.
plan of giving a bounty on corn
lortionate to the duty, be hdopted,
as the fixed duty will be a source
tot of revenue, and will add to the
he Treasury. There is, however,
present of having a, fixed duty sub-
the sliding scale, and. Sir

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