The Sun.
London, England, 1851-04-04 00:00:00

LONDON

FRIDAY EVENING APRIL 4, 1851

hare understood the reasons of their complaints
The Hon.' Member for Montrose told us a few night.
ago that 100,000,000/. had been put into the pockets of
the people in the price of food alone, and the Noble
Lord the Member for Stamford had said that, in

his opinion, 60,000,000/. had been taken out of the pockets
of the agriculturists. Ido not consider it necessary to
go into the precise amount of the benefit which has been
conferred upon the people of this country, but there is
no doubt that to that amount are men richer and better

able to pay the taxes; but I affirm it to be a matter
of absolute demonstration that the pressure of taxation
is less than it was ten years ago. I am not afraid of such
opinions being urged in this Houge, because Hon. Mem-
bers knew better; but I call upon them to come forward
to withstand delusions which is their consequences must
be so fatal to the national welfare. I really beg par-
don of the House for troubling them so long upon
this subject, but I speak warmly because I feel
warmly the danger of such a course as has been
recommended to me by those who tell me that I ought
not to retain a margin, but ought to repeal taxes, even if I
should produce a deficiency in the revenue. It is time that
such persons who respected national faith should stand
forward boldly in defence of its obligations. It might
be important to do so ; nothing is so distasteful as to tell
peopleithat they were not in such a state of prosperity
as they thought themselveig, but I feel it my duty to
make thus early a stand against such doctrines.
Since I last addressed the House I have had the oppor-
tunity of considering the statement which I then made,
but I have had no reason to alter the statement which I

made as to the probable amount of income and ex-
-

penditure. I might add somewhat to the recepts
of the Customs, and if lam to pay attention to the
prophecies of the Hon. Member for Southwark and of
the great leader of the party opposite, I must not look
forward to a year of such prosperity; and with regard
to the items of expenditure that have already received
the sanction of the House—(lronical cheers)—l do
not mean that as an argument for not altering

them, but when we laid them before the House they
were such as we thought necessary for the government
of the country. The probable amount of the surplus I
still think to be about 1,892,0001., and I have been
told that, even with this amount, I ought to have done
something to produce an effect. I confess, when I
sat down to consider on the proposal which I should sub-
mit to the House. I did not sit down with the desire of
producing an effect, but to consider what taxes pressed
heaviest on the industry of the country, and what did the
greatest mischief, and those taxes I proposed to repeal. It
must not be forgotten that the great protective duties
have already been repealed. The Government of Sir R.
Peel bad reduced the duties on timber and repealed that
on corn—the present Government bad repealed the na-
vigation laws and the duties on sugar, and there is no rea-
son, therefore, for the country to complain on this point.
Sir, there is, it is true, one large duty which I have
been reproached for not having abolished. That is the
duty on tea.—(Hear.) But let me remind the House
of this, that though that is a high duty, it is not a pro-
tective duty, and whatever supplies may come from
Chins, there; are nolcompeting countries from whence
supplies might bring down the price of that article.—
(Hear, hear.) I have on former occasions expressed
my opinion that it would be a most desir-
able thing to reduce the duty on tea, yet
I think there are other duties which have a prior
claim for reduction. If, for instance, I had reduced the
duty on tea, how could I have refused t 3 reduce the
duty on an article that comes into serious competition
with it, namely, that upon malt?—(Hear, hear.) In
the next place, I think there are other duties that have
a prior claim to our consideration; but, perhaps, I may
be permitted here to remark to Gentlemen on
both sides of the House who call for large re-
ductions of taxation, that no reduction can be ex-
pected so long as they seek to abolish the duties
imposed on minor articles. We have been called upon
to sacrifice 120,000/. upon the attorneys' certificate duty,
150,000/. upon advertisements, 360,000/. upon newspaper
stamps, and 100,0001 upon Irish leases, and if we are to
accede to these demands, which have reference
to minor matters of taxation, how is it pos-
sible for me or any other person occupying my
positionento ex
tiost to a g
apply
laairiye end comprehensivediepesable surplus thatmuacunyohap-
pof
taxes?—(Cheers.) I have been told that the proposal
I last made to the House was based upon no
principle, but I insist that it is founded upon
the principle which I have always advocated
in this House, and that is that the proposal was most likely
to prove beneficial to the great mass of the people.—
(Hear, hear.) I have neither turned to the right nor
she loft to see whether I could benefit any
particular class, but in all my commercial
or financial measures the principle that in-
variably guided me has been that which pointed to
the interest and welfare of the great body of the work-
ing and labouring population of this country.—(Cheers.)
They are not fully represented in this House, and
therefore they are more the peculiar objects of the
care and solicitude of a Government which
has been instituted for the benefit of the many and not
the few.—(Cheers.) It was for their sake that I al-
ways advocated the repeal of the duties on corn, and the
reduction of duties upon foreign cattle and foreign provi-
sions, and it was also for their sake that I myself proposed a
reduction of the duties on sugar; it was for their sake too
that I proposed a reduction of the duties on raw mate-
rials, and not merely for the purpose of putting more
profits into the pockets of the manufacturer, or
more wealth into the purse of the mer-
chant ; but it •was because I believed that a
reduction of the duties on raw materials would tend
considerably to increase the employment to be giren to
the labourer.—(Hear, hear.) We have given them
cheap food and cheap clothing, and now there
remains one other matter of vital importance
to them, which it is our duty at once to deal
with, and that is the improvement of their dwel-
lings.—(Cheers.) Hon. Gentlemen will remember the
reports that were made last year on the crowded and
wretched state of the dwellings of the poor in
large towns, and it was with the view of intro-
ducing some improvement in that state of things
that be last year proposed to repeal the duty on bricks.
—(Oh, oh, and cheers.) This may be a matter of in-
difference to Honourable Gentleman opposite, but it
was none to the poor none to the poor man,
and since we have cheapened his food, and
cheapened his clothes, and improved his dwelling,
it remains for us to adopt measures to give him the
free enjoyment of light and air.—(Loud cheers.)
I am not prepared to send an army of excisemen into
every corner of the land, but I am prepared to reduce
the duty on all imported articles.—(Hear, hear.)
I also bold that the reduction of the duty
on timber is a wise and sound proposition.—(Hear,
hear.) Last year we did all we could to do away with
the objectionable system of drawbacks on the
duty on timber used in ships, but the prin-
ciple does not seem to suit all parties. The
Government had reduced the duties on timber as far as
they could, and those who understood the subject knew
well that it would be unwise to go further.—(Hear.)
I believe also that the reduction on protective duties is
the best course that could be pursued both to the
consumer and seller.—(Hear, hear.) I believe also
that the reduction of the duty on foreign sugar
has been most beneficial, and as a proof of that I may
state that when the Government reduced the duty in
1845, the increased consumption was beyond all
precedent.—(Cheers.) The proposal I made with
respect to the reduction of the outy on clover and grass
seeds has not met with much favour and support—
(Hear, hear)—and, therefore, I will not, though I believe
it to be most beneficial, press is further.—(Hear,
hear.) If, however, the proposal I made when
I last addressed the House en the financial affairs of the
country are not considered to be productive of benefit,
then I must confess that I stand condemned; but if
they are of benefit, then I call upon the House
to support and uphold them.—(Hear, hear.) The
next matter of which he desired to speak was the
window duty.—(Hear, hear.) Now, by the abolition of
that duty there would be a loss to the revenue of
I,Bs6,oool—(Hear, hear)—and according to the plan of
the Hon. Member, the only saving would be about
40,0001.—(Hear, hear, and cheers.) It should be re-
collected Out he had a margin to allow for the Kafir
car.—(Hear, hear.) It might be all very well for
Honourable Members to cheer, but he felt it to be a
duty to protect those who had gone out from this
country under the understanding diet they were to be
protected from all the enemies to which they were ex-
posed.—(Hear, hear.) It was not the number of
the population which ought to regulate their votes, but
the necessities of the people.—(Hear, hear.) He had
no objection to that grand great outcry which had been
raised with respect to the tax on air and light.—(Hear,
hear.) To this he would very readily respond.
He quite agreed with the Honourable Mem-
ber in the fact that nothing could contribute
more to the final progress of society than the admission
of more light and more air into the dwelling of the poor
than that which they now enjoyed—(Hear, hear.) That,
therefore, was the case to be considered, and the reply
which he had to make was that the new tax which he
proposed to impose on domestic dwellings would pro-
duce about 1,800,0001. per annum., or about two-thirds
of that which was now realized by the window duties.
—(Hear, hear.) So that the result was that the only
saving that would be obtained by taking the plan of
the Hon. Member opposite would be, even if successful,
9,0001. per annum.—(Hear, hear.) He admitted that
the small duties to which he had referred were of small
benefit, and that they might very beneficially to the
country be remitted .—(Hear.) But the course which he
intended to pursue was the justest that could be pursued.
I propose to take as low a rate on houses as I consis-
tently can, in order to get the revenue which it is indis-
pensible I should have. Leaving out of consideration
all reference to the number of windows and openings,
and getting rid of every objection on sanitary grounds,
and offering the greatest possible relief to all parties, I
propose to take a uniform rate of 9d. on dwelling-houses
and 6d. on shops.—(Loud cheers.) Gentlemen will
remember that I proposed before, that on all
new dwelling-houses a duty of ls. in the pound
should be levied, and that a lower rate
should be levied on dwelling-house in connexion
with farms, and dwelling-houses a portion of which
was used as a shop. I have thought it fair to
continue this lower rate as regards shops. I
propose to maintain the self same distinction
viz., an uniform rate on all houses, old and new, of 9d.
in the pound on the annual value, and on all houses a
portion of which is a shop and on houses on farms, a
lower rate, viz., 6d. in the pound. I propose to retain
the distinction of exempting all houses from
the tax under the value of 20/.—(Cheers.)
The result of my proposal will, therefore, be to get rid
of all reference whatsoever to windows in any shape—
( Elear)—to reduce the number of houses now paying taxes
frem aheut 500000 to 400,000, to give a lynefit which
did not exist under th • old ;rouse-t-,..x to :,hop; and otoes
in connexion with farms, to give altogether relief to the
extent of I,lso,oool.—(Cheers.) The amount I pro-
pose to maintain is 720,000/., instead of 11,8564 as I be-

fore proposed.—(Cheers.) 1 admit that flu we are some
cases in which this tax will fall unequally; a certain class
of houses, but no general legislative messy cre can pro-
perly meet those cases. Much will depend on. the nature
of the districts and streets in which the houses are
situated—those in fashionable neighbourhoods paying
the most. Old-fashioned houses of country gentlemen, the
houses of clergymen in the country and farm -houses will
be considerably relieved. Farm-houses, the rent of
which is between 2001. and 3001., will be totally ex-
.

empted, as farm-houses of that rent will not be assessed
at a greater value than 201. a year. I now propose to
show the House examples of the extent of reliet
which will be afforded under these arrangements.
In Marylebone a reduction will take place in the amount
of tax paid of from 92,0001. to 30,0001., and if I go to
streets in Regent-street the present tax amounts to
2,2001.—it will amount in future to 1.900/. In
Finsbury-square, which, if I may say i.t without
offence, is not quite so fashionable a neighbourhood, the
tax will be reduced from 1,725/. to 2501. In Wrestbourne-
square, a more fashionable part, there will be an actual
increase of 10/.—(Laughter.) I have obtained re-
turns from six of the largest country houses
in the southern counties, and I find that where
they pay 2,0401. they will now pay 5671.
In Liverpool the tax will be red aced from
1,960/. to 950/. In Manchester, instead of
30,0001. it will only be 15,000/. ; in Hlirmingham
8,4001. instead of 18,400/. ; and in the City which
my Noble Friend represents, the red action will
be from 23,0001. to 7,0001. I do not believe
that even my Hon. Friend the Member for Finsbury
can say that this will be a tax which will be paid by the
people in the sense in which he uses the word; but I believe
it will be conceded that I take the tax from off the
people and have it on property. The. advocates
of direct taxation upon property .rasa scarcely
find fault with this proposal. 3,100,0001. of pro-
perty will be exempt from taxation, and the whole
tax will be paid by 400,000 of the most val ;table houses.
in the country.—(Hear.) I scarcely think there is any
need of quoting any authorities for the rn icessity of a
tax of this sort, but I may say that Adam Sm iOa and John
Miles entirely agree in recommending a tax N v hich is paid
by houses. The loss on this tax then I estimat e to be about
1,136,000/. With regard to the timber duties, I still
adhere to my proposition of reducing one-half ; and the
same with coffee; and on these two the loss will be
40,0001., so that on the whole the loss will be 1,536,0001
That will leave a surplus—l am ashamed, though, to
call it surplus, so we will say a margin of 356,0001. for the
ensuing year. The loss on the :window- tax will be
1,400,000/. The estimated loss on the reduction of
the duty on coffee and timber 400,0001., mt thing a total
reduction of 1,536,0001., which would letree a margin
for the ensuing year of 356,0901.,, but for
the present year we have to add ba if of the
existing window-tax, which it is proposed to surrender
because it is now due, and will be receivable in the July
quarter, and will amount to 568,0001. Therefore this
year there will be 924,0001. to meet any unforeseen
expenditure.—(Hear, hear, and cheers.) I can-
not say that I should be justified in proposing
any further reduction than that which I have now men-
tioned, because we cannot lose sight of the hostilities in
the Cape, the cost of which is estimated at 400,0001. I
hope these hostilities will soon be put an end
to, but still the House will see the expediency of our
being provided for the worst.—(Hear, hear.) Now, sir,
these are the proposals which I have to submit to the
House, in the event of their agreeing to my proposal to
renew the income-tax for a limited time. I must shortly
advert to the proposal to be made by my Right
Honourable Friend opposite. That is the first step
to the policy which Lord Stanley has announced. I
think that the Right Honourable Gentleman has brought
forward this motion in the fairest possible manner, and
I think the Right Honourable Gentleman will do
nothing and propose nothing that is inconsistent with
our national credit, but if the tax is to be
reduced, of course it will be impossible to make
so large a reduction at once. The only other difference
between my Right Honourable Friend and myself
is this. I think his policy is usury. I agree
with him that the tax was first
imposed fur a temporary purpose— (Cheers)—and that
temporary purpose was for meeting a deficiency
which has gone by, but in 1845 the tax
renewed for a very different purpose, and that
purpose was for enabling this House to make im-
provements in our financial legislation to
remove impolitic restrictions, to reduce the
price of articles of consumption, and to remove
these imposts which checked the industry
of the country. I will admit further, that to a
great extent these measures have been carried out,
but there. still remains to be accomplished those
changes which he had already introduced to the House.
Sir, I admit, further, that any reduction of the measure
taxi ought to he followed by its extinction.
—(Hear, hear.) Nothing is so impolitic as
small income tax, and I do not think the
present amount is a heavy one- I think the man who
has an income of 5,0001.1 a year, which is de-
rived either from rand or a profession, cannot
complain of paying a 150/.tax for the security of his proper-
ty or the security with which he carries on his profession.
From the" returns it appeared that the question was
wrapped up in a very small compass. By the re-
turns made up to April sth, 1843-4, it appeared
that the national income received from the Customs,
assessed taxes, and other imposts, was 44,517,000/.
From the same returns, but made up to April 5 of last
year it appeared that although the taxes remitted
amounted to upwards of 7,000.000/., yet the national
income had been equal to what it had been before the
income-tax was imposed.—(Hear, hear.) If this
was the case, and if the population of the country was
in as good a position now as they were a few years
ago, there was ae evident reason why this tax
should be continued.—(Hear, hear.) He did not
therefore feel any indisposition to propose a continued
of the income-tax, and when he recollected that this
country had been preserved from all the agitations by
which other countries had been affected, and especially
when he recollected that England had been preserved
from those revolutions by which Europe had been gene-
rally affected he felt assured that they would have no
objection to the renewal of the tax. The Right Hon.
Baronet sat down amidst loud cheers.
Mr. HERRIES rose, and was
(LIFT SPRAYING)

He had no reason to alter the estimates of income and

expenditure which he had formerly laid before them.
The probable amount of surplus, therefore, he would
take at 1,892,0001., and in proposing to deal with
the surplus he did not study what would

be most effective, but what would be most

ust, which would give the greatest relief

He had been reproached for not having reduced the
duty on tea, but, although that was a high duty, it was
not a protective duty, and if he had reduced that duty,
be would, no doubt, have been calld upon to reduce the
duty on the article which competed with tea, viz., malt.
If gentlemen wished for any large reduction, they must
not perpetually demand reductions upon minor articles.
such as advertisements, newspaper stamps, and Irish
spirits. If the surplus was to be always
expended in the reduction of some minor tax
no great reductions could ever take place
It was for the sake of the labouring classes that he had
advocated the repeal of the duties on food and on raw
materials, and that for the purpose of improving their
dwellings that he bad last year carried the repeal of the
duty on bricks—(lronical cheers)—end it was for their
sakes that this year he proposed the repeal of the
duty on timber. They were crowded in cities
into ill-ventilated and ill-lighted apartments, and it was
to improve the sanitary condition of the labouring

poor that he proposed to repeal the window duties.

and they would well close their career as Ministers if
their last act should be to secure to the la-

bouring population the free use of the light
and air of Heaven. The most objtctionable

duties that would be imposed were protective duties—
such were the duties on coffee and timber—he proposed
to remove them. Great attempts had been made by the

adulteration of coffee, he did not propose to meet
that complaint by sending an army of excisemen
into the grocers' shops, bat he proposed to meet
it by reducing the duty, and consequently the price
of the genuine article. He had, therefore, selected
coffee and timber as haying superior claims for a reduc-
tion of duty. The result of the reduction on foreign
sugar had been most satisfactory, which had led to an
increase of consumption, bringing with it an increase of
revenue of 1,100,000/. The proposition for the
reduction of the duty on seeds, and for defray-
ing the cost of lunatic asylums, had not been
very favourably received by those for whose
benefit he had intended them, and therefore he should
not press them.—(Hear, hear.) He was aware that a
loud demand had been made for the unconditional re-
peal of the window duty—that duty brought in
1,856,0001., and the whole surplus was 1,892,0001.,
and therefore he would only have a margin
of 40.0001. to meet the expenses of the Kafir
war. But, independently of that, he'sbould not be act-
ing justly if he gave to house property the whole benefit
of the relief of taxation accruing from the surplus. The
representations of all the deputations to him on the subject
was to be relieved from the unfairness of the assessment,
and to the obstruction offered to the circulation of air and
light. Had he proposed an ad valorem tax on houses,
he would have proposed a measure so different in prin-
ciple from the existing one, that he would have exposed
himself to reproach, therefore he had made that proposal
by which he secured to all,parties a considerable reduction.
He admitted that the fairest mode was to propose an
uniform rate upon all new houses, but, although the
gentlemen of Marylebone complained that they were
not put on the tooting of new houses, their corn-
p aints were more loud than just. Under the
present system they paid 90,000/. If they bad been
placed on the principle of new houses, they would
have paid 71,0001., and under his proposed scheme they
would pay 60,000/. But he admitted that the principle
of uniform rating of houses was just, and therefore he
would adopt it, and would propose to lay au uniform
rate of 9d. in the pound upon dwelling-houses, and 6d. in
the pound on houses containing shops, victualling houses,
or houses occupied by persons in the occupation of land.
Lie proposed to retain the exemption from taxation of
all houses of an annual value of less than 20/., which
would give a relief of taxation to the amount of
1,120,000/. At present the income-tax was paid by no
farms under 300/, but the window-tax was paid by
farms under 2001, and therefore his proposal
would operate as a total relief to the farmer
from taxation who occupied a farm under 300/.
because he believed that uo farm-house attached to an
.state under 3001. a year paid more than 201. a year
rent. This reduction of taxation would be a great re-
lief to all the populous portions of the metropolis; but in
Beigrave-square there would be an actual increase in
the assessment ef 10Z, but gentlemen residing there
would save the increase in the reduction which
would take place in their country houses,
In all the populous parts of the capital, aid in all the
provincial towns and cities, the relief would be very
great. There were 3,500,000 houses in this coun-
try, under his proposition 3,100,000 would be en-
tirely exempt from taxation, and the tax would be
levied upon 400,000 of the most valuable. He believed
that the House Tax Bill he pr oposed was one of the
first that could be levied, and he expected from this tax
1,136,000/. He adhered to his original proposals with re-
gard to the reduction of the coffee and timber duties,
by which he should lose 1,536,0002, and those reductions
would leave him a permanent man agar of 356,0001., and for
the present year of 924,000/. in consequence of the window
and other duties which would be paid during the present
year up to July. He felt he should not be justified in
proposing any further reductions, looking to the state
of affairs at the Cape. The expense for six months,
then, was estimated at 400,000 L. He hoped the war
would soon be put an end to, but they should
be prepared for the worst, and should, while
they had a surplus, retain funds in hand to meet con-
tingencies. These were the prop osals he had to submit
to the House if they should consent to renew the
income-tax for a time. He would briefly allude to
the proposition of the Right Esmourabln Gentleman
opposite which had been brought Sorward in the fairest
possible manner, but he thought that the policy which
had been pursued for the last ten. years was good. It
had been imposed in 1842 to meet a deficiency, but the
had been renewed in 1845 for a definite purpose, viz ,
to relieve industry from the bu rden of taxatien; and
if that policy was to be carried out they
ought not to propose the repeal of that tax.
Any material reduction of this ta ix should be followed
by its abolition. There were obj actions to the inquisi-
torial nature of this tax, but these objections ap-
plied as strongly to a tax of Id. as to the present tax.
He believed that if we pursued our• present line of policy
the revenue would so increase that we should be
enabled to set about reducing the income-tax.
The ordinary revenue last year I vas precisely the same
as it had been in 1843-4, notwithstanding the re-
peal of 7,000,000/. of taxation in the Interval,
and therefore he hoped the House would con-
tinue that line of policy which has so tim-
proved the condition of our population. He proposed
to relieve from taxation the labouring classes of the
community, the Right Honourable) Gentleman pro-
posed to confine his relieve from taxation
to that portion of the community which has adequate
means of subsistence, and for that he proposed to deprive
the labouring mon of the advantage of cheap food
by imposing a duty on corn. Be attached more impor-
tance politically than commercially to the mainte-
nance of the present system of commercial policy.
while we maintained that we should have our
fellow-subjects contented, we could laugh at the
apprehensions of popular disturbances which ap-
psared to have taken possession of the minds of some
Honourable Gentlemen, and we. should have been saved
from those disturbunces which had convulsed the rest
of Europe.
Mr. Hennas considered the announcement of this
Budget as an announcement to the House and to the
country that the property tax was to be perpetual.
(LEFT SPEAIINO-)

MARKET INTELLIGENCE.
(From the London New Price Current, April 4.) '
SUGAR.- To- day there were sellers of West India at a de-
cline on last Fridays terms of 6d to is per cwt. All parties
operate with caution and the sales are confined to 184 hhds,
&c., including 50 hhds Jamaica which sold at 36s 6d to
36s for ord to good brown, 48 hhds .3 trcs Demerara good
mid yellow 38s 6d to 395, mid brown and low yellow 35s to
36s 6d. per cwt.
REFINED.—To-day Refined Sugar was purchased with
caution for home consumption, but brown Lumps of low
quality are not offered under 47s per cwt. Crushed Sugar is
dull of sale.
MOLASSES.—The market for all sorts has a quiet appear-
ance, and previous rates are supported with difficulty. West
India of low to fine quality can be obtained at 14s to 16s 6cl,
Bengal and Mauritius 12s to 13s, Cuba and Porto Rico
14s to 15.06 d per cwt. There is a fair cornsumption of Molasses.
Honey, Jamaica at from 40s to 60s for lk )w to fine.
MAURITIUS.—This •afternoon there was no public sale of
Mauritius Sugar, and privately little was done at termer
rates there are free sellers.
EAST INDIA.—This afternoon the public sales of Madras
Sugar went off flatlp at rather lower rates, of 8,320 bags not
more than half sold, mid to fine grainy irellow at 39s to 41s
low to good soft yellow 29s to 345, brown ditto 27s eel to
295. Bengal was held for full rates, and 2,585 bags were
only in part sold, low and mid white Benares at3Bs to 39s 6d,
and fine grainy whith 48s to 48s 6d per cwt.
FOZEIGN.—To-day there was no public sale, and the bu-
siness done privately was small, with sellers at rather lower
rates; only 400 chts brown Bahia sold at 37s per cwt.
COFFEE.—To-day there was little or no inqu ry in the home
or export demand for any sort of Coffee and none was offered
at public sale ; holders generally were unwilling to submit
to any further decline. The nearest value of Native Ceylon
is 42s for parcels.
Cocos.—Although Foreign is offered at a further reduc-
tion there are few buyers. At auction 1,083 bags
sto 2
Guayaquil 7 s
' refilled from bulk in ship's hold were taken in at 25s
for dark grey. There is a more plenti ful,supply of Trinidad.
At auction of 512 bags a small part
only
good red at 51s to 545, grey 48s and dtunyg was disposed of;
ed 36s 6d to 46s
per cwt. The value of Grenada is 42s to. 46sa for sound quality.
TEA.—To-day there was a good (hull doing in the lower
sorts of black and green Tea at full rat•'e.
SPIRITs.— For Jamaica Rum only smalls purchases have
been made by shippers or home dealers. The value of 30
to 32 per cent over proof, of low quality, is 2s 5d to 2s
7d ; 32 to 34 over mid 2s 8d to 2s 10d, better
sort 34 to 38 over 3s to 3s sd, and fine to superior
3s 6d to ;4s 3d. Le,..ward Island ciin be obtained at
Is 7d to Is 7id proof, and very few buyers are to be met
with. East India has been dealt in with caution at is 5d
to is 6d; and there are fur arrivals. Only limited
sales have been made in Demerara at 2s 3d to
2s 6d for 30 to 40 per cent over proof. Sales
in Brandy continue upon a limited scale ; Cognac best brads
''t flit vintage of 1850 is offered at 4s 4(.1 to 4s 6ii, 1849 ditto
4,1 6d to 4s 8(1, 1848 ditto 4s 9d to 49 1111, and inferior sorts
to 4s per gallon. Some arrivals havil taken place this
week. For Geneva the market is dull ; 'Kort sort at ls 7d
to is 7d; and fine for home use at is 3d 0p 2s per gallon.
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