The Sun.
London, England, 1860-02-10 00:00:00

2\l 73

Filift D

Railways.

Paid.

Closing! Price. Znitinees done

;Atlantic & St Lawrence
I Leased at 6 per cent
Vslm.,lizrocla& Cent. Ind
gu. 5 percent
Do. Addit. Capital A
Do. Do.
1/3uffalo and Lake Huron
Do. New
Do. Preference
Buralo,Brant.&Godrich
5 p. et. bas. .1 :1112%, 1K
'Da, do. 1 July, 187;
Do. do. 1 June, 1874
Cloutta.&S.Eastrn. Lira.
Cape,Eastn.Proy.(Lim.)l
,Cape Town & Dock Scripi
Central Oude (Limited)
Ceylon G aaranteed 6p.c
Demerara
Eastern Bengal.eu2sp.c
East Indian, gm. 3 p. e
Do. Shares Ext

SUN OFFICS, &Yea o'Clucli.

IMPERIAL PARLIAMENT.

HOUSE OF LDRDS—ams EVENING.)

The LORD CHANCELLOR, took him seat on the woolsaelc
tt five o'clock.

141911 ECCLESFASITCAL COCItTS.
The Marquis of WESTMEATIL asked tho hon. and
learned lord on the woolsack whether there was any inten-
tion on the part of the Goverament to introduce any mea-
sure to alter the constitution of the Irish Ecclesiastical
Courts.

The answer of the Louie CUANTIMLOR inaudibla.
SAVOY AND NICg.
In reply to Lord NORM&NIiro
Earl GRANVILLE fisifl that() was 210 correspondence
which could be consider, (Adel in the poisessiou of
the Government as havinirlAren piece between the British
Ambassador at Paris, Lord Cowley-, and Count Wslewski.
Ho could not undertake to say there had been no conversa-
tion between the Xtinisters on the subject, but certainly
nothing that could be considered official existed on the sub-
ject.

Do. fogiiii;;
Do. 41 p. c. Debentrg
Do. 5 p.c. Deb., 1861
Geelong& Melbourne
Geelong Corporation

per cent. Bonds
Grand Trunk of Canada
IDo. 6 per cent. Pref
Do. 6 percent. Debentr
Do. 7 per cent. 18 82
Do. do. 1867
Do. do. 1872

- Earl GREY said the noble earl who bad just ut down
had said there was no official correspondence, but he should
like to know whether there was any correspondence at all
on the subject.
Lord WODEHOUSE said he thought his noble friend
had answered the question of the noble marquis ►ery
clearly. There was certainly no despatches or correspond-
ence in the possession of the Government on the subject.
SUNDAY SERVICES.
Viscount DUNGANNON postponed his motion with
respect to the performance of divine worship in the miner
theatres of the metropolis until Friday, the 24th inst.
Lord PORTMAN suggested the withdrawal of the
motion altogether.

10 t. IndisPenfn.zu*..sp.c.
IDo. New. gua.s per cent.
Gt. South. of Ind.Lirn.

guaranteed 5 per oent
Gt.W. of Canada Shares
Do. New

De. Bonds pay. '76,witli
apt. till '6O
Do. do. '73 till '6O

Do. do. '/3 without opt.
Do. 5i p. o. do. '77 do
Madras, guar, p. o
Do. do. 5 per oeut
Do. 41 p. c. Extension
Do. Third Ex. gua.s.p.c
Do. Fourth do.

Do. do.
igelb. Corp. 6 p.c. Bonded
Newlirunswick&Canda.
Ry.&Land(Lim.)g.6pc
Class ACapitl.6 hare
Do. do. Land do
Do. do. B. Capital do
Do. do. Land do
Oude (Limited)
Scinde'
Do. New
Do. Punjaub
Do. Indus. St. Flo. reg;
St. Andrews & Qtrebec A
,Trinidad(Limited) Scrip

The LORD CHANCELLOR thought that if thf ser-
vices were conducted with piety, they ought not to be inter-
fered with.

The Archbishop of CANTERBURY said these services
had been instituted by priv.-,te individuals, and as they
tended to the promotion of religion and piety, no difficulty
ought to be thrown in the way by this house.
After a short conversation,
Viscount DUNG.A.NNON refused to postpone his motion
further than Friday, the 24th.
Their lordships then adjourned.

HOUSE OF COMMONS.,,—(Trirs EVENING.)
The SiEAXEIt took the chair at four o'clock.
The interest felt in the financial statement which it was
announced, late last might the Chancellor of, the Exche-
quer would be sufficiently recovered to make
this evening, was apparent in the state of the
house, which was .crowded from the commence-
ment of the proceedings. The seats on the floor were
occupied a few minutes after four o'clock, and the galleries
appropriated to members and strangers were also filled,
several members of the Upper House and distinguished
foreigners being present. Exactly at half-past four o'clock
the Chancellor of the Exchequer, who appeared to be in
good health, entered the house and was loudly cheered.
PRIVATE BUSINESS.

'FOREIGN

The following bills were read a second time :—Marl-
borough Branch Railway, and Northleach and Witney.
Railway.

SILK MANUFACTURES.
Mr. BRIGHT said he had to present a petition which
bore on the subject to bo brought before the house this
evening. It was signed by 18 or 20 of the silk manufac-
turers of Manchester, and prayed for • removal of the re-
strictions on silk fabrics introduced into this country, in
conformity with the principle of free trade. (Cheers.)

HARBOURS OF REFUGE.
Sir JOHN PAKINGTON asked the Chancellor of the
Exchequer, whether it was the intention of tier Majesty's
Government to take any steps in the present session with
a ♦iew to, carrying out the recommendations of the Har-
bours of Refuice Commission. _j_

The CHANCELLOR of the EXCHEQUER said that,
as soon as it was possible, Goversnient would adopt the
necessary steps in reference to the subject.

MISSION. TO THE lONIAN ISLANDS.
Mr. IiIA.GUIRE asked the First Lord of the Treasury
whether he had any objection to produce the papers relat-
ing to the mission of the Right lion. W. E. Gladstone as
High Commissioner to the lonian Islands; and, if it was
the intention of the Government to produce them, at what
time they were likely be laid on the table of the house
Lord FALMERSTON said it was not intended to pro-
duce the papers, as such a proceeding was' quite unneces-
sary. (Laughter.)
HOUSEHOLD. CAVALRY.
Sir HENRY STRACEY asked the Secretary 9f State
for War, as officers promoted to the rank of major-general
from the household cavalry receive one pound nine shillings
and twopence per diem, and' officers promoted to the rank of
major-general from the infantry of the line received one
pound five shillings per diem, why cavalry officers of the
line promoted to the same rank, and who had been re-
quired, to attain that rank, to, expend for the regulated price
of their commission one thousand six hundred and seventy-
five pounds more than the sum required ae the regu-
lated price for the same commission of the infantry
officer, should receive the same pay only, i.e., £1 64 per
diem ; and, the principle of higher pay for greater outlay
being recognised in the instance of the officer promoted from
the Household Cavalry, why it was not applicable to the
cavalry officer of the line, who had been required to expend
for his commission £1,675 above the sum required of the
infantry officer of the line.
Mr. S. HERBERT said that in the cases alluded to the
rate of pay had no reference to the purchase money.

et; Y , • 1- E l#4-rffTTP'f) #
r ,►A --4/ R " •
.5 .

_

with the packet service, amount to 29,700,000/,
showing an increase of 3,618,0001 upon the military
estimates, in the same sense of the term voted last
year, and an increase of 2,448,000/ in the estimate
for the current year. (Hear.) The miscel-
laneons civil estimate is 7,500,0004 being
a decrettee upon that of last year of
323,004, and thin I hope to inerea,e by the labours
of the committee which the house has shown a
disposition to appoint. Another item is estimated
at 4,700,000/, and the total of the six
sums I have stated, including the Post-
office department, gixes a total of 70,100,000/.
Now, when I look at the estimated income for
the coming year, it is a matter which at the first
Iview is not very satisfactory. I shall assume that
the committee will think it right to renew
!the taxes on tea and sugar, at a rate not
loss than they adopted when last considered.
sApproaching the subject from that point
Hof view, I estimate the Customs' revenue at
122,700,0001; the Excise at 19,170,0001; Stamps
8,000,000/; Taxes, 3,250,0001; Income-tax (that is
to say, for one half-year still outstanding
at the rate of fivepence), 2,400,0001; Post
Office, 3,400,0001; Crown Lands, 283,0001; and
Miscellaneous Revenue, 1,500,0004 The total
of these receipts would be 60,700,0004, while
the total charge I have exhibited is 70,100,000/.,
showing an apparent deficit of 9,400,0001.
In the charge of 70,100,000/ we get the
benefit of about 2,000,0001 of annuities
which will lapse during the year, and I am
bound also to may that I am not in a condition
to ask you to do what might be desirable,
namely, to make provision for the payment of
1,000,0001 of Exchequer Bonds due in November
next. The Succesions Day bite failed to
produce the amount which was expected.
Instead of being able to apply the surpluses that
.had arisen to the ordinary purposes, they were
compelled to apply them to extraordinary objects.
They had to take into account the expense that
had resulted from the Russian war, which exercised
such a drain on their income, and had disturbed
all the calculations of a financial character that
had been made. On the whole, the country
stood in a worse position in regard to expendi-
ture, as compared with 1853, of £2,720,000,
but the difference had been compensated
by favourable results that had been realised
during the last two years. That result was the
system of financial policy, in which with a timid
hand he had taken part, and the consequence
would be that there would have been a large
surplus in favour of the country, had it not been
for the war, and other circumstances to which
he had already alluded. He contended
that the result of the income tax showed
that there had been an increase in the wealth of
the country. He put out of question the schedules
C and E, but confined his deductions to the other
schedules, which represented the wealth of the
country, and comparing it with the relative periods
when it was in operation. Since 1843 it was evi-
dent that there had been a large increase
in the wealth of the country. In 1843 the amount
taxed in:these Schedules was 154,000,0001; in 184
it was 172,000,0001; in 1857; :191,000,000/; and
it had risen in the present year at the rate of
161 per cent., while from 1842 to 1853 the
increase had been at the rate of 12 per cent.
The expenditure of the country, however, had in-
creased at a very rapid rate, and there was at pre-
sent a deficit of 9,400,0001 to be supplied. He did
not mean to say that the expenditure Wight
not have been reduced, but with that
deficit they were called upon to deal. It
,was said that a system of commercial improvement
was suited merely to times of ease and financial
prosperity,: but that doctrine he repudiated. (Hear,
hear.) He believed that such improvement was
the prosier means by which they were to deal with
the crisis at which their fiscal position had arrived.
It was desirable that the duty on tea and sugar
should be reduced, but it was not now proposed to
adopt that step, and he must call on the
house to continue this duty for another
year, for the period had not arrived
when the Government were in a position
to deal with that tax. The policy
which he would ask the house to adopt, was an
extension of the principles of free trade. When the
hou.se consented to abolish the duty on corn the

FOURTH EDITION.

effect was not so much to cheapen the bread,
but to stimulate a demand for the productions
of this country, and by that means increase
the demand for labour. (Hear.) It was in strict
conformity with that principle that the commercial
treaty which he would submit for the approval of
the house had been framed, and he recommended
it earnestly to the consideration of hon, members
as the means of effecting the most valuable results
in the promotion of the commercial policy to
Which this country had given its sanction. He
would now state to the house the terms of the treaty
or convention that had been entered into with
France. In the first place, Franee had
engaged to repeal the duty on Eaglish coal,
coke, pig iron, machinery, yarn, flax, and
hemp, such repeal to come into operation
in the cise of some articles in the Octo-
ber of 1861, and of others in the August
of the same year. France also engaged to reduce
the duty ou different other articles of British
production, so as to abolish the prohibitive
tariff that at present existed. The articles to which
the engagement applied would be found specified
in the terms of the convention laid on the table that
evening. By this arrangement an 'ad va-
lorem duty of 30 per cent. was to
be imposed on :those articles which were
to be subject to its •operation. He might state
generally that these articles included the staple
manufactures of this country ; and France also
agreed to commute the ad valorem duty to rated
duty, the importer to declare the valae of the
article imported. France also proposed to reduce
the duty in three years to 25 per cent. The rule
upon which the ad valorem duty of 30 per cent.
was imposed; was one that had been introduced
into this country at the time when Mr. Huskissim
was ' president of the Board of •Trade. By
this treaty England, on her part, engaged, with
limited powers of exception as regarded two or'
three articles, to abolish actually and. ..totally
all duties- on all the manufactures of Franee.
(Cries of " Hear, hear," and "—Oh, oh.")
•
She engaged also to reduce the '- duty, On
French brandY from 15s. a gallon td Bs. 2d. a
ghllon, and on French wine, he might say
indeed on all foreign wine, the duty was to be re-
duced from' 5s 10d to 3s a gallon, and• such reduc-
tions were to come into operation in April
1860. The scale of duty was to be regulated by
the strength of the wines, and the quantity of
spirit they contained. This country reserved to
itself the right of raising the duty on French
wines, if they found it necessary to do so
on their own spirits ; and it was also
stipulated that" they were to charge these
articles with an excise duty, which were
charged with such duty in this country. In fact,
both parties reserved to themselves power to im-
pose Excise duty on articles of Foreign production,
which were subject to a domestic duty. • He had
now stated the different points of the convention to
which Government would ask the house to assent,
and in regard to the provisions of the
treaty, he had only to add that it was to last only
for ten years. He would proceed to direct the
attention of hon. members to the comprehensive
and sound principles upon which that treaty was
based, and he would claim their attention while he
entered somewhat into those details and argu-
ments which were rendered necessary by
the nature and importance of the plan
which he had laid before the house. It
has been said that we have by this treaty made
ourselves subservient to France, but no Govern-
ment could hold office for the shortest period that
was 4ubservient to any country. (Hear, hear.) I
don't know what is meant by the term, subser-
viency to France. By this treaty we have given
nothing to France, saving the small sacrifice