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London, England, 1856-12-24 00:00:00

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[PRICE 4D. STAMPED 5j5.

proposer and seconder of tha resolution that they
should adopt his, as it nearly embodiod what they had

said. It was no use going to Parliament fora new bill,
unless a different principle was introduced. It was of
no use asking the Chancellor of the Exchequer to take

off 93. in the pound now, because he could not do it
without putting it'on something else, which would touch
their pocket to the same extent. As regarded the arbi-
trary assessment of the income tax, he did not see how
that was to be got over, as it was impossible to be
otherwise than arbitrary with men who returned them-
selves at a smaller amount than they received. So the
subject was beset with difficulties, though he did not
think it so oppressive as many people supposed.
The MAYOR asked whether Mr. Wilson would move his
ss an amendment, if the Toyer and seconder of the reso-
ution would not adopt it?
Mr. WILSON thought he should, but would withdraw

it if it did not go down.
' The MAYOR said the resolution itself departed from

the term. of the requisition.
Mr. WILSCRI -suggested that it ahoulti be put to the
meeting whether they would consider the subject in a
larger view. .

Mr. WELLS said the first object of the meeting was to
get kid pf the war tax, but by Mr. Wilson's proposal
they would get is. in the pound instead of 7d.
Mr. CRUSO hoped that the meeting would adopt the
resolution.

Mr. WILSON explained that, the effect of his proposition
would be that a- professional man, with an income of
603/. a year, would pay-sixpence in tho pound, and that
tradesmen, with incomes of 3DOt. a year, would also pay
sixpence hi the -pound. 'lncomes not exceeding ,150/.
would be exempt altogether.

. -
Mr..F. W. PLOWSIGHT asked why Mr. Wilson would
tax a small tradesman with an income of 200% a year, and
not a clerk having the same salary ? -
Mr. WILSON replied that the tradesmen would pay on
5(7.

Mr. MOYSE said, having heard the observations of the
mover and seconder of the motion, he was disposed to
think that they had taken the best course, and it was very
advisable that the meeting should come to one decision.
Lynn, as a port, ought to look very much to the bearing of
the income tax on themselves and their shipping. He would
cite a case of his own which would show the way in which
the income tax bore heavily on the shipowner. A few
years ago he lost a vessel, and making his next year's re
turn before the special commissioners he wrote this matter
off some 2,5001. He was then ccolly told that ha had
lost nothing in income—that it was capital, and that there-
fore no reduction could be made. The next year the
throe other ships belonging to him were insured, and one
of the items in his schedule handed in was for insurance.
He was then told that the insurance was to secure his pro-
perty and not to increase his income, and, c msequently,
could not be taken off. He knew it was said that laws are
made not only for the protection of the man of property,
but for the protection of trade generally. There was a
great deal of truth in that, but it did not convince him
that the man who gained his living by labour should
pay the same as the man who bad it from property, either
real or any other. He did not think it advisable to tie
themselves to minutite. Let them get rid of the war
tax. He believed it was quite true that the Government
delayed ratifying the treaty of peace on purpose to get two
years double income tax. It was for them and the country
generally to make such an appeal to the Legislature that
they dare not keep on the tax, and he defied any Prime
Minister of England to hold his place against so strong a
feeling as now appeared to exist in the country ou this
matter. He had great plea sure in moving "That a peti•
t ion, embodying the foregoing resolution, be prepared by
the Town Clerk for signature, and that the members for
the borough and the western division of the county be re-
quested to support the same in Parliament."
Mr. WALES seconded the motion.

Mr. WILSON suggested the removal of the last clause of
the original motion, as to the total repeal of the tax ou
trades and professions. (No, no.)
The MAYOR then put both resolutions, which were
unanimously adopted.
A vote of thanks to the Mayor, moved by Mr. W. WIGG,
seconded by-Mr. MASTERS, and acknowledged, concluded
the business. The meeting then separated.