The Sun.
London, England, 1858-03-31 00:00:00

The Customs will show an increase of

about £650,000
The Excise 360,000
Stamps
Taxes 40,000
The Income-tax will, of course, show a large

decrease, owing to the repeal of the war 9d. The
Post-office shows a small apparent decrease, which
is a mere postponement of revenue to the next
year. The net decrease on the quarter will be
about 2,500,0001. instead of 4,000,0001. as,
from the reduction of Taxes, might fairly have
been expected.

The account of the year, although it will be a
million and a half better than was contemplated at
the time the Budget was introduced, will still
exhibit a total decrease of 4,500,0001. as compared
with the preceding year. The Income Tax alone
would account for the whole of this decrease, but
the Customs and Excise both show a decrease,

owing to the reduction of the duties on Tea

Coffoe, and Sugar, and the repeal of the
War Duty on Malt. The decrease is the

Customs Revenue will amount to about
200,0001., and in the Excise to about 300,0001.,
but these are counterbalanced by an increase on
" Miscellaneous " which may be considered to be
altogether accidental, owing to the sale of old
warlike stores.

These decreases, however, are very much less
than might have been expected from the opera-
tion of reduced taxation.

The Times is already pointing out •to a pro-
bable deficiency in the revenue. It speaks of the
" old jog trot days of habitual surplus and chronic
deficiency." We confess that we cannot altoge-
ther reconcile these expressions. In our simplicity
we should have supposed that " chronic defi-
ciency " was the very antithesis of " habitual
surplus," however, we must submit to be en-
lightened on such points, and bow to the ukases
of the mighty potentate of Printing-House-
Square. Now, we are told, and we fear
with truth, that there will be a large deficiency
to be provided for, if not during the present year,
at all events in 1859 ; and a ponderous rod has
already been steeped in brine for the benefit of
that naughty boy that will transgress the beaten
track pursued by Sir CHARLES WOOD and
Sir GEORGE CORNEWALL LEWIS. It says,—
" In a few days it will devolve on Mr. DISRAELI
to tell us how we stand in this respect. The public
have lately seen how money is spent, rather than
how it is got, and have also passed through a com-
menial panic of a sort to inspire distrust in all
financial statements, and they are gloomy on the
subject. We shall have a deficiency, it is whis-
lieted About,---a very large deficiency, with in-
creasing expenditure and falling revenue. How
is the gap to be filled up ! How is the fatal
tendency to be arrested ? This is the question of
the day, and all eyes are turned to the new
Chancellor of the Exchequer."
lcreer, surely, Mr. DISRAELI is not responsible
for the probable deficiency. It is the natural
consequence of the budget of his predecessor, as
we ourselves explained at the time when the last
financial schema was
promulgated. The com-
mercial crisis smug from the act of 1844
—opposed in the Select Committee by Mr.
DISRAELI, but of Which Sir G. C. LEWIS
was the enthusiastic supporter. He has also to
find the ways and means for paying off the EY -
chequer Bonds created by Mr. GLADSTONE to meet
the conaequences of his abortion.
These alone amount to 2,000,0007., while Sir
G. C. lawis adds what Mr. MONTAGUE TIGG would
term the ridiculously small item of 1,500,0001.
fla:punkotlnuginfglintdo Oidl othweitwh thesear. loans. Mr. DISRAELI
matters ; but
he is to be constituted 44
to bear the eastigatious Whipping boy "
merited by his preck-

cessors.
The Times sums up these difficulties
in` tat e
following terms :
"Bat there does arise a very grave question,
which it is rather remarkable Mr. Disraeli should
have to encounter—what is to be done for the
next year t In April, 1859, we are threatened
with a deficiency. We have now taken final leave
of the War Income-tax, it has all been collected,
and it has done its work, so it only enters into the
question as indicating the comparison between