The Sun.
London, England, 1851-02-18 00:00:00

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LOVDOIv, TUESDAY, FEBRUARY 18, 185

The Lords met yesterday, and sat for a short time.
No business of importance came before them.
In the Commons, after the transaction of some preli-
minary business, the House resolved itself into a Com-
mittee of Ways and Means, and
The CHANCELLOR of the EXCHEQUER rose to bring
forward the Budget, and appealed to that indulgence of the
House which he had often eaperienced. He deeply felt the
importance of the proposals he was about to make. On
former occasions when he had proposed the continuance
of the income-tax there had been but little choice left to
the House, but on the present occasion he felt there
might be some opposition made to its continuance.
The financial statement of the affairs of the nation up
to the .sth January would give a very tolerable idea of
what would be the state of affairs at the end cf the
financial year, but it should be borne in mind that in the
estimate he was about to submit that estimate
would extend °var a period of 14 months. The impor-
bations of corn during the past year were nearly, but not
quite equal to the importations of the year previous. Last
year he had estimated, the income at 52,235,000/., the
actual income was 52,810,0001. He estimated the
inaome fbr the next year at 52,656,000/. He had
estimated the Excise at 14,045,0001., and deducting the
brick deities, at 13,595,0001,, the actual revenue up to
sth April amounted to 13,685,0001. The estimated ex-
pendituie was 50,785,0001.; the actual expenditure up
to April would be 50,134,500/. Ile estimated
the receipts from the Customs for the ensuing
yeaal. at 20y 430 °COL, the same as last year. In the Ex.
.4
eise he could not calculate on so large a receipt, in con-
sequence of the deficiency of the barley har-
vest. He calculated the Excise revenue at
14,000,0001. In stamps there would be a fur.
they decrease, in consequence of the Act of last session,
and he did not calculate upon a larger revenue from
stamps than 6,310,000/. The taxes and property-tax he
took at the same amount as this year—taxes, 4,344,0004;
Pr°Pety-tax, 5,398,000/. ; and including Post-office,
8,030,000/. Crown lands and miscellaneous receipts,
and old stores, as last year, which would give a total from
these sources of 52,140,000/. lie now came to charges.
There was a decrease iu the charge of the debt for the
sale of terminable annuities,which would eventually extin-
guish a portion of the debt. The amount of:the debt charges,
funded and unfunded, was 30,692,000/., for the army
6,545,0001., for the navy 5,537,550/.,
and for the ordnance
2,424,171/. There was a reduction of expenditure, but no
reduction of forces. The Government thought that in the
present unsettled state
Europecn f it wou
o force.ld
nnoet
wbeasprune-
dent to propose any red o
reduction
tio
alarmist, but there was the widest difference between
tannecessery alarm and absurd confidence, and all were
aware that our forts and arsenals were not in a neces-
sary state of defence, and a vote would be proposed to con-
tinuo the defences of the Pembroke Dockyard, and to ire
crease the 111103T13 of defence of _Portsmouth and Plymouth.
The vote for services would be this year 19,555,0004,
beim, a reduction of about 30{),000L; from this must be
deducted certain excesses of former estimates, and
Oa reduction for this year would be about
245,0001. In compliance with various requisitions
the allowance of grotz to the tailor had been diminished
and his pay' inerc.ased and the stoppages of the
soldier's pay abroad had been diminished; this
created an additional charge of 60,000/. The navy
estimatea were 4,256,000/. And there was also another
expense which he proposed to take on the country, and
(Alt was taking the census, which he estimated at
110,000/. He proposed to take the miscellaneous
esti-
anates at 4,000,0001. The total expenditure would be
38,247,171/., leaving an estimated surplus of 1,892,000/.
Tito raga (Notion now was taemieyati
of
the income-.
/. "A"—