The Sun.
London, England, 1846-10-12 00:00:00

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LONDON, MONDAY, OCTOBER 12, 1846.

THE QUARTER'S REVENUE.

The returns of the state of the public revenue for
the year and quarter ending the 10th of October,
1846, are most satisfactory—satisfactory as showing
not only a positive increase of revenue, but as demon-
strating the truth of the doctrine upon which the
Government has of late years acted, viz., that a di-
minution of the duties upon customable and excise-
able articles causes such an increase of consumption
as to create an increase of revenue as a consequence
of a diminution of taxation. Notwithstanding the
recent reduction in the duties of the Customs, and
although the decrease upon the year is 501,6191., yet
the increase upon the quarter is 462,4721., showing
such a tendency towards permanent increase, that
in a very short period the Customs' revenue under the
IoW duty tariff will, probably, considerably exceed
the Customs' revenue under the high duty tariff.
Ths total Customs revenue for the year is 18,150,933/.,
for the quarter 5,310,835/. The fact that diminished
duties lead to increased revenue is still more clearly
demonstrated under th• head of Excise. Not with-
standing the total removal of the glass and auction
duties, and the diminution of various of the Excise
duties levied on artie!es of consumption, we find
under this head an increase both on the year and on the
quarter; on the year of 182,7171., and on the quarter
of 226,8201., thus showing that the increase is still
progressing. The total amount of the Excise revenue
for the year is 12,251,9321., and for the quarter
4,181,926/. The total revenue for Stamps is for the
year 6,983,129/., for the quarter 1,174,364/., showing
an increase in the year of 21,759/., and a decrease on
the quarter of 5,811/. Now considering that during
the corresponding quarter of last year the railway
fever was at its height, it is satisfactory to find that
the deficiency in the quarter is only to so small an
amount. Under the head Taxes we find an in-
crease on the quarter of 8,6611., and on the year of
10,2794 the total revenue from the Taxes for the year
being 4,238,5601., and fur the quarter 209,9401. The
amount derived from the property-tax during the year
was 5,332,157/. ; during the quarter 1,972,128/. ;
showing an increase on the year of 205,0311., and on
the quarter of 148,2451. The Post-office revenue
still continues to increase in such a ratio as fully to
bear out the anticipations of the advocates of the plan
of cheap postage; and if the plan were carried out to its
full extant, as originally proposed—if the greatest pos
sible accommodation were afforded to the public, at the
least possible charge, there cannot be a doubt but that
the revenue derived from the Post-office would be at
once more than doubled. Even under the present
very inefficient arrangements, we find that it shows
an increase on the year of 114,0001., and on the
quarter of 8,000/.; the total amount for the year
being 802,0001., and for the quarter 217,000/.
The revenue f on the Crown Lands for the year is
115,0001., for this quarter 45,000/. ; showing a decree •
on the year of 30,0001., and an increase on the
quarter of 15,0001. Under the head of Miscel-
latieZr 114/14113- entered for the 'quarter a sum of
4004*-- 41:---twhich includes 217,6441., the produce of
si/Ver received from China), and for the year of
1,324,5454 There is an increase under this head on
Alio year of 4210884 but a decrease on the quarter of
/1;414*

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