The Sun.
London, England, 1846-04-07 00:00:00

FILE qUARTER'S REVENUE.

(Profit the Morning Chronicle.) 7 -"
When Sir Robert Peel brought forward. his budget on the
14th of February, 1845, he submitted estimates of the reve-
nue which he expected for the year commencing on the sth
of April, 145, and ending on the sth of -April, 1846. The
at,n
whcaecionsuoutuhtneedfnec
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ete
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and
c itheyal stagnation al
so e
xhibitettnracwettneoht ttohebecomaiastta4einia
soff,t,rhesocmome mtimere-
htsouaniffveesred. Sir Robert Peel's plan involved a reduction in the
Customs duty of 2,418,000/. The actual loss upon the Cus-
ri;ev2entle2(ll thel3l' libeirlaetioenxfir'eocmtedchanges in the tariff
of imported bond of a large amount
articles. But for '
-lot be doubted that the I this circumstance it can-
fallen short of the estimaotess upon the Customs would have
recover it-alt• The power of the revenue to
.. after reductions year • appears in the fact th:tt,
whereas the loss on the
a half, the loss upon is upwards of two millions and
the quarter is only 440,5881., or not
much more than one-sixth •of 'that amount. The Excise,
upon Which a loss of about 900.
fact a decrease of little more than a tlwirrtteisftimated, shows in
388,822/., and of this nearly the whole bet ) that amount, or
just ended, which, as compared with belongs
corresponding
ortrhe quarter
quarter in last year, shows a decrease of e291,02711kel
making full allowance for the fact that duties on glass and
aucti,ns continued to be received during a portion of the
first quarter of last year, there will still remain a large deficit
in this important branch of the revenue, of which the chief
cause must be diminished consumption. There is in stamps an
increase upon the year of 380,6814, but a decrease upon the
quarter of 56,5901.—a proof of the severe check which com-
mercial operations have lately received. Taxes dhow an in-
crease upon the year of 6,291/, and the income-tax a de-
crease of 19,7071. Upon the quarter there is an increase in
the returns of the income-tax of 58,1711. The only feature
in the accounts which remains to be noticed is the Post-.
office revenue, which still advances. The return for the year
just ended shows, under this head, a total of 768,000/. This
is an increase of 89,0001. upon the year, and, what is still
better, an increase upon the quarter of 37.000/. There can-
not be a more striking proof than is afforded by the steady
increase of the Post-office revenue of the value of bold and
judicious financial reductions. The produce of all other
taxes varies from time to time ; but the penny postage is
more productive from year to year, and from month to
month. The Exchequer thus gains continually; but
a still greater gain is reaped by the public .in increased
convenience and facility of communication.

(From the Times.)
In estimating the finances of the empire at this moment,
when the customary termination of- the financial year has
arrived, the inevitable stagnation of trade, consequent upon
the suspended condition of the corn-laws, and of the many
articles included in the tariff; was of course to be borne in
mind. .This paralysing ingredient has entered into the
material of commerce for more than three months, and we
had
.to expect, therefore, as we anticipated on Saturday, a
deficiency is those items wllich, in the quarter's revenue,