The Sun.
London, England, 1858-04-22 00:00:00

;•v SPAPER

~_

THE BUDGET. ‘`---
-- a

H. Sl'
(Front the Times' City Article.)
The subjoined communication meets clearly se-
Tem' technical questions which have been sug-
gested in connection with the budget tr.
" Sir,—Permit me briefly to state 'in* impres-
sions of so much of the new budget afi'involves an
extension of credit upon three and a-half millions
of pecuniary obligations arrived at maturity. Will
not such extension be convenient and advantageous
both to the lenders and the borrowers?

" The creditors in respect of two millions in
Exchequer Bonds, at 3i per cent. expiring in 1858,
would gladly renew them, because certain•llike
bonds not expiring until a year later have recently
commanded in the market a pricalgher by
_about
1 per cent. A similar indication of market opinions
upon impending rates of interest is' afforded by the
pi ices .of Exchequer bills. Those whicb,..p.ey ,2id.
par cent. per diem—i.e., 3/, 16s. O'd. per annum
—until June only, then to be renewed at some rate
determined by the then prospects of the market,
are actually cheaper than the bills recently emitted
at 2d. per cent. per diem—i.e., 3/. Os.
Aod.only
per annum--but which are safe against farther
reduction until March, 1859.
" Consequently, if tenders were invited from the
holders of specific bonds or bills (indiscriminately)
maturing in 1858, to be exchanged.forobligations
which are not to mature until a later date, an ag-
gregate of premiums might be obtained to the ad-
vantage of the Exchequer,jand each creditor would
enjoy his option of renewing or being paid off.
" The 14 millions Consols purchasoable with the_
so-called sinking fund might be any part of the
number of millions which constitute that part of the
national debt. In this case the creditors have ex-
pected such support of the market price, of Consols
as might result from the purchase of 11s millions by
driblets unostentatiously. Their cciuneeextion
and something more is the reassurance that there
need be no emission of a corresponding amount of
new Consols heralded by the usual eclatand at one
coup.
"There still remains the virtual ,breach of .a
pledge solemnly given
_for_ ike recieniption of
millions of debt in 1858.

" This raises a question either between ourselves
and posterity, or between the usufruct of realised
property in 1858 and the like in certain succeeding
years. If the specific debt of 3i millions is to be
deferred indefinitely, then a burden is shifted from
our own shoulders, and thrown upon the industry
of the country i❑ the future. If, however, our own
income bearing property be charged with the debt
deferred for a reasonably short term, then we do
not evade our obligations in spirit, but simply ob-
tain a longer term of credit by concert with our
creditorA, the term being short enough to reconcile
our immediate heirs to a temporary charge upon
any unexpectedly early succession.
" Such a charge would be a present undertaking
to sustain beyond 1860, if neces,:ary, so much of
the reduced property-tax as may be required to
extinguish the deferred 3i millions within a conve-
niently short term.

" J. A. F."

TIIJ COMMISSIONERS OF CUSTOMS'

REPORT.

The annual report of the Commissioners of Cus-
toms has just been issued., detailing the operations
of the year 1857. The total receipts were only
22,956,3711. against 24,206,844/. in 1856, owing to
the reductions of duty on tea, sugar, coffee, &c ,
and the curtailment of consumption resulting from
the commercial crisis, although this was felt to
a less extent than might have been anticipated.
In the consumption of the chief foreign commodi-
ties used in this country there has been an increase
in all but, four—namely, cocoa, coffee, spirits, and.
wipe. In the imports of almost all articles of raw
material there was a considerable augmentation,
colt ni being time only exception of importance.
Tables are given of the fluctuations a trade at else
several ports of the kingdom, whence it appears, as
regards Customs' receipts, that nearly all the Scotch
ports show an increase, and nearly all the Irish a
• decrets. Details are likewise furnished of the
steps t to carry out the resolution adopted
list year under Parliam eatery sanction to discon-
tinue the exclusive custoiy of branded tobacco.
Henceforth it may be stored like all other
goods in trade warehouses, arid arrangements
are being carried out for the sale or Bur•
render of the premises hitherto held by the
Crown for this purpose. The practice of petty
smuggling by passengers is said still to prevail to a
considerable extent. Notwithstanding the liberal
construction of the Customs' officers as to the amount
of new articles of wearing apparel allowed to pass
free, " sonic gentlemen, many ladies,. and. more
lads s' maids are still silly and perverse enough to
risk pounds to save pence, and both incur and in-
tl.:et endless trouble and annoyance for the tremu-
lous and vulgar joy of cheating the revenue." Some
strict examples have, therefore, been lately made,
and a cautionary notice a'so has b, en posted in
every baggage office. With regard to the frauds
committed by Moore, a tea merchant at Belfast,
who last year obtained access to a bonded store,
and removed 800 chests of tea without payment of
duty, it is stated that although Moore is since
shown to have peen guilty also of direct robbery, it
was the opinion of the law officers that the proof
against him was not technically of the character to
warrant a demand for his extradition from the
United States, whether he is known to have fled.
His sureties, however, have paid 3,000(., and as
some property has been seized and proceedings for
a r,covery of duty are in progress against parties
who made purchases of tea from him without due
care, it is thought the Crown will eventually lose
little. On the subject of (he importation of foreign
goods bearing British marks some important state-
ments are made. When dutiable articles are im-
ported bearing marks intended to give them a Bri-
tish character they are refused entry and required
to bo returned to the port of shipment except where
neutralised by the introduction of a foreign word,
and in those graver cases where they bear the ac-
tual names of British manufacturers they are con-
fiscated and destroyed. A valuable protection is
thus afforded to our manufacturers against fraud
and forgery. But of late there has been a rapidly
growing practice among English manufacturers
themselves, especially of clocks, watches, pencils,
steam-gauges, and various articles of glass, to get
their goods made abroad and to import them stamped
with their own names or brands. In this case, under
a Treasury order which permits it, the articles are
admitted to duty on the application of the manu-
facturer, and the Commissioners properly suggest
the consideration whether he is not thus enabled
himself to practise a fraud upon the purchaser
analogous to that from which the law protects him
when meditated by others. "At all events," they
add, " it seems right the public should be made
aware that the fact of any article bearing a British
maker's name no longer affords any security that it
s actually of British workmanship." The regula-

tion allowing the baggage of through passengers
from Paris to London by certain trains to be exa-
mined at London-bridge station has been extended
and rendered permanent, and more than 14,000
persons have been accommodated by it. This fs-
cility involves an outlay of 7501. without any re-
turn, and the opportu❑ity is taken to point out that,
however desirable all such arrangements may be,
they necessarily involve an increased expenditure,
of which the public must not complain. Al new
system of bookkeeping is in course of introduction
at the outports, which promises to effect great eco-
nomy of time and money. The public:.tion of the
statistical tables connected with trade and revenue
will likewise be accelerated. In conclusion, vari-
ous details are given of the internal arrangements
of the establishment, the health of the officers, and
the results of the civil service examinations.

I.IIION'S TOMB IN Sr. PAUL'S
in the crypt at
Ts.ia DIME 07
Wfl:LaLl islab has been placed over the
The sarcophagus was then her-
nias Cathedral.Aprobably never again to be opened
• lly Seale,
rCaAmTaHiEnDsRoAfLt.I:
tnetica Tttee Duke of Wellington,
resurrection of the just." The proceedings
0 ~ the .
" ' conducted in tile most solemn manner. The tomb
iswere sructed of the purest p )rphry, and has been highly
„ c•
CO
by Alesprs. Malcott and Co., the well-known
marblerolls merchants and manufacturers of mural monu-
4, lt lies immediately beneath the centre of the
menu.
dome of the noble cathedral.
[ADVERTISEMENT.] Among the numerous extraordinary
cures without medicine effected by Du Barry's delicious
health-restoring Revalenta Arabica Food of Indigestion
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the following arc not the least remarkable :—Cure No. 47,121.
—Miss Elizabeth Jacobs, of Nazing Vicarage, Waltharncross,
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12, Patrick-street, Cork, 4th mo., 4th, 1819.—Respected
Friend,—l have given your Arabica Food to a girl of fifteen,
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rl-7.
Supported by testimonials from the following celebratedy _
Ingram
1
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Dr. Campbell ; Dr. Gattiker ; Dr. Wurzer ; Dr. gram F
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Major Gen. Thomas King, and many other respectable,ftl• all other
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51b. lla.
cure had failed.
tious, In canisters, 11b. 2s, 9d.; 22. b.
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The Vice-Chancellor Sir
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HER MAJESTY'S THEATRE.—
The following arrangements are already
made for the season :
Saturday, April 24—LA FIGLIA DEL REGGINIENTO
Tuesday, April 27, LEA HUGUENOTS.
Thursday, April 29, LES HUGUENOTS.
On each occasion entertainments in the Ballet Department,
in which. MesdUes. Pocchini, Annetta, Bioletti, Pasquale,
and Morlacchi will appear.
Applications to be made at the Box Office at the theatre.

ITER MAJESTY'S THEATRE.
LES HUGUENOTS. •
THIS EVENING (Thursday), April 22, Extra Night,
will be repeated Meyerbeer's Grand Opera,
GLI UGONOTTI.
DRAMATIS PERS 0 N.g.
II Conte di San Bris (Governor
of the Louvre)
11 Conte di Nevers Signor ALDIGHIE RI.
De Cosse Signor MERCURIAL'.
Tavannes Signor ANNONI.
De Retz
Meru
Head of Night Watch
Raul di Nangis (a Huguenot
Gentleman) Signor GIUGLINI.
Marcello (his Servant) Signor VIALETTI.
Margaritta di Valois (betrothed -
to Henry IV.) Madlle. ORTOLAN'.
Urbano (ber Page) Mdale. LUCIONI LAND'.
Dania d'Onore
Valentina (daughter of San Bris) Madlle. TITIENS.
Ladies and Gentlemen of the Court, Pages, Citizens, Soldiers,
Students, Night Watch, Monks, Musicians, &c.
Conductor, Signor ADRITI.
With scenery, entirely new and original, by Mr. Marshall ;
dresses, entirely new and taken from the best authoand rs.ritieMs, by
Madame Copere, and executed by M. Laureys
Masterman ; principal machinist, Mr. Sloman ; head of the
property department. Mr. Bradwell ; the mise-en-scene and
incidental ballet, by M. Mascot.
Te conclude with the new Ballet Divertissement, by If.
Mascot, entitled
CALIST 0 ; OU, LE RENVOI DE L'AMOUR.
The principal parts by Madlles. Pocehini, Annetta, Pas-
quale, Morlacchi, Bioletti, F. Brown, La Petite Philipe,
and M. Caron.
A limited number of Boxes have been secured to the public.
Price 21s and 31s 6d each, which may be had at the Box
Office, at the Theatre.
To commence at 8 o'clock.

THEATRE ROYAL, HAYMARKET.
Lessee—Mr. J. B. Buckstone.
THIS EVENING, to commence at Seven o'clock, with
Sheridan Knowles' comedy of THE LOVE CHASE. Con-
stance, Mrs. Charles Young ; Widow Green, Mrs. Wilkins.
After which a Classical Extravaganza, entitled PLUTO
AND PROSERPINE.
Followed by JACK'S RETURN FROM CANTON.
Concluding with MY HUSBAND'S GHOST.
Orchestra Stalls (which may be retained the whole of the
evening). 6s: each. (No charge for booking.)
First Price. s. d. Second price. s. d.
Dress Boxes .„
Upper Boas" ...... 3 0 Upper Boxes 2 0
Pit
Gallery ... 1 0 Gallery 0 6

It 0 Y APL
yr Rtor, I N C ES S'IS s THEAT
eanRE.
Mr. Char.
THIS EVENING, will be performed Slaakspere's Tragedy
of KING LEAR. King Lear, Mr. C. Kean.
Preceded by SAMUEL IN SEARCH OF HIMSELF.

THEATRE- RO YAL, A DELPHI.
Lessee—Mr. Bea. Webster.

THIS EVENING will be presented the drama of
THE .00R STROLLERS, iu which Madame Celeste, Mr.
B. Webster, Paul Bedford, and Mr. Wright will perform.
After which, a new operatic spectacle, THE CALIPH
OF BAGDAD. The characters by Mr. Rolfe, Paul Bedford,
J. Bland, and Misses Rolm, Keeley, and Arden.

STRAND THEA.TRE.—L,,,,s3eo aryl Direetres/,
Miss S wanborough.—Thi4 Eveninz will be
prednied the new comedy, by Stirling CoyLle, Esl., called
NOTHING VENTURE NOTHING WIN. Supported. by
Messrs. Belton, R Seifert, Kinloch. and Miss A. Oliver.
Followed by anew Farce, YOUR LIKENESS, ONE
SHILLING. Messrs. Charles Young, Ray, and MiS3 M.
Ternan.
After which, the-now burlesque of FR A. DIAVOLO ; or,
The Beauty and the Brigands. Fra D:avolo, Miss Swan-
b_rough ; Beppo, Mr. C. Young.

CANTERBURY HALL, Westrain3ter-road.—
OPEN EVERY EVENING.—The
iggcorlipany of Vocalists are engaged for the performance
S dections from all the popular OPERAS, MADRIGALS
CEIORUSES, GLEES, DUETS, &a., viz. ; —Miss Russell, Mrs
Badzey, Miss Bruaell, Miss Ray, Madame Bartoletti, and
Mi,s Montague; Herr F. Jonghmans, Mr. Henshaw, 8, to •os
I. Barker, W. Melling, Senor An'onio, B. L. Hime, Mr.
Badzey, Mr. Edwards, Mr. Bell, and 'lr Bzr lard ; Messrs. T.
Maclagan, W. T. Critch` eld, John G. Forde, and E. Mackacy.
Piano'ortc, Mr. Cecil Ili3ks ; harmonium, Master Williams ;
Director, Herr F. Jonghmans. Commence at Saven
precisely. Sappers, &s., until twelve o'clock.
Mr. AUdUSTUS BRAHAM will appear every Evening.
Mr. WOODHOUSE (by permission of Charles Kean, Esq.)
will have the honour of introducing, every evening, his
highly successful Performance on the new REGULATION
DRUM.

THE WEATHER—SRN OFFICE, APRIL 22.
IHERMOMETER, IN THE SHADE.
68—highest since noon yesterday.
48--lowest this morning and daring the night,
67—this day at noon.
BAROMETER, 30.46—set fair.
WIND, South-Easterly ; light, with very fine warm
weather.

NIGH WATER AT LONDON BRIDGE.

HIS DAY—Morn., 51 min. aft. B—Even., 40 min. aft. 9
TO-Mounow —Morn., 22 min. aft. 10 —Even., 1 min aft. 11

A (-1
'‘'``.°S7'

LONDON, THURSDAY, APRIL 22, 1858.

The Chancellor of the Exchequer has contrived,
in his late financial statement, to present to the
House of Cinamons beyond all question the most

ingenious and the least objectionable Budget with.
in many past years' recollection. With a deft
ciency of 4,000,000/. for the next twelvemonth,-,
bequeathed to him by his immediate predecessor,
he has nevertheless so adroitly balanced his ac
counts that he makes ample provision for the pro-
spective excess of expenditure over income in
1858-9, without imposing upon the community
one single farthing additional in the way of taxa-
tion ! it is only after he has thus calculated
rationally upon meeting the demand upon the
national purse that, for the purpose of securing,
over and above the aggregate probabilities of dis-
bursement, what every Chancellor of the Exchequer
ought in common prudence to make provision for
—a surplus—it is only then, for the purpose of
securing something in the way of a moderate sur-
plus, that he proposes to raise a supplemeutaty
300,0001, a-year by means of a penny stamp upon
bankers' cheques. And, assuredly, no more cun-
ning device could very well have been
hit upon than this very one of raising the
comparatively trivial surplus here projected exclu-
sively from the means of those very individuals
who will previously have be:,efitted direct'y and
largely from the reduction simultaneous!y made
of 2d. upon every pound sterling under the one
head of the Income tax. For it is unquestionably,
of all the conspicuous features of Mr. DISRAELI'S
Budget, that according to previous arrangement
the Income-tax will be reduced for 1858 9 from
'ld. to 5d., thedeficiency of 4,000,0001. or there-
abouts, to the contrary, nevertheless, notwith-
standing.
Nothing, we do strenuously maintain, could,
by possibility, have been explained with more
admirable or more exquisite lucidity than the
apparently complicated, but, in reality, the mar-
vellously simple means by which, without one
farthing more of additional t txation9 the excess
of expenditure to the tune of 4,000,000/. is now
most
ingeniously proposed to be provided for by
the Chancellor
of
mthoodEelxchequer.Asfew sentences
culled from this
in th e
first
plapcpe:rtel,nat;
t .atement will
render this sufficiently a Financial
he IChaisrgeeftoi
mated then, for
the funded and unfunded debt being set down at
1,900,0001., that for the army at 11,750,000/.
that for the navy at 9,860,0001., that forl miscel-
laneous laneous civil services at 7,000,000 i., that
educational purposes at 1,000,0001., and so on
through the whole catalogue, the tJtal expendi-
dit ire for next year will be exactly 63,610,001.
for all the various departtnents. It is further
stated that, according to existing arrangements,
this aggregate of 63,610,0001. will be further en •