The Sun.
London, England, 1848-03-03 00:00:00

,

TO LORD JOHN 4t7' $s ALL-.
*Februarr2B, 1848;
MY LORD,—In July, 1841, I had the hetienr_ to
submit to the consideration of Sir li,\l*l,ilbee...4botit-
to resume office, a plan for an equitablet= Atevj
tax on property and income; but the tra
of the principle of the measure was unheeded by the
Right Hon. Baronet. Since then, the matter has
reposed in my desk.
Your Lordship is now dealing with the subject in a
conjuncture of much excitement, which, I trust, will
obtain my pardon for intruding this letter at such a
moment on your attention; an act, I beg to say, which
is not induced by unbecoming motive. I purpose trans•
miffing to your Lordship, by the end of the week, cal-
culations to show the amount of revenue which a tax on
property and income would produce under the scale on
the third page. I have the honour to remain, your
Lordships very humble servant,

JOHN LEVINGSTON.
The Right Hon. Lord John Russell.
Income from land and all fixed property, from Mort-
gages, Annuities, and Settlements, and from Pay-
ments by the public.
£lOO to pay 50 shillings per Cent.
200 ... 55
300 ... 60
400 ... 66
500 ... 70
600 ... 75 •.. •••
700 ... 80
800 ... 85
900 ... 90
1000 ..• 95
5009 ... 100
10000 and over 105
Income from Trading, from Professions, and from In
dustrial exertions, in every form.
£lOO to pay 25 shillings per Cent.
200 ... 27 6d.
300 ... 30
403 32 6d.
500 ... 35
600 ... 37 6d. ......
700 ... 40
800 ... 42 6d.
900 ... 45
1000 ... 47 4d.
5000 ... 50
10000 and over 52 6d.
I believe that the foregoing scale would amply meet
the requirements of the Minister, and the burden
being honestly apportioned, would be received by the
public in a spirit to correspond. I see no sufficient reasons
for exempting incomes of 1001. from such a tax, equitably
adjusted, and including them, would realise more money
than is wanted. J. L.

RAILWAY SHARE MARKETS.
LIVERPOOL, MARCH 2.
S'10•211: EXCHA.NG2.—The sales are—East Lancashire, New,
1114 c. dis.—Ditto, Quarters, 19 dis.—Leeds and Thirsk, 161,4
dis.—Lancashire and Yorkshire, Fifths, IA c. dis.—London
and North-Western, 135—Ditto, New Quarters, 4% p.—
Manchester, Sheffield, and Lincolnshire, Preference, par—
Midland, 1041/(2 c.—Ditto, Halves, 3% dis.—North Staf-
fordshire, % c. dis.—South-Eastern and Dover, 27 c.—Ditto,
New, No. 4,2% dis.—York, Newcastle, and Berwick (N. and
B. Extensions), No. 2, 114 c. p.—Ditto, Preference, 1% c. p.
MANCHESTER, Mancil 2.
STOCK EXCHANGE.—The sales are—Birkenbead, Lanca-
shire, and Cheshire Junction, 6 15-16 dis.—Lancashire and
Yorkshire, Fifths, I,g dis.—Ditto, 321. Shares, 6 dis —Ditto
(West Riding Union), 27ii dis.—Leeds and Thirsk, 171 dis.
—London and North-Western, Quarters (B), 3 p. ex dia.—
Manchester, Sheffield, and Lincolnshire, Preference, 14 p.—
Ditto (Sheffield and Lincolnshire), 6% die.—North Stafford-
shire, n. dis.—South-Eastern and Dover, 28—Ditto, No 4,
214 c. dis.

BIRMINGHAM, MARCH 2.
STOCK EXCHANGE.—The sales are—North British, Thirds,
_ I,g c. dis.—Perk, Newcastle, and Berwick, 31 ex div.
Birmingham; Wolverhampton, and Dudley, 4 p. ex int.—
Birmingham, Wolverhampton, and Stour Valley, 2% dis.—
North Staffordshire, % dis.—Shrewsbury and Birmingham
(A), 3% dis.—Shropshire Union, 2% dis.—South Stafford-
shire, 2% die.