The Sun.
London, England, 1861-05-09 00:00:00

PRINCESS ALICE'S ANNUITY BILL.

This bill went through committee.

THE DISTURBANCES IN AMERICA.
On the motion for going into committee of supply on
ways and means, _ _ _

Mr. BENTII4CK asked the First Lord of the Treasury
whether, in consequence of what was taking place iirAme-
rica any increase in naval and military expenditure of this
country would be rendered necessary, and whether, incon-
sequence of the probable deficiency in the cotton supply,
the customs and duties would not be injuriously affected
Mr. CRAWFORD said he believed the panic relative
to cotton originated merely in the rumours of the &Atm
market.

-14;:bISRAELI said that it was not intended at his aide
of the house to offer any opposition to passing the resolu-
tions proposed to the house on the 7th of this month, pro-
vided an early day Was found for introducing the bill
founded on these financial resolutions.
The CHANCELLOR of the EXCHEQUER said that
he proposed to bring in this bill on Monday next.
nnoatvta think
and
that
titaanryy
Lord PALMERSTON said he did not consider that the
events which unfortunately were taking place in America
establishments ldlisnmeceenstssitoaftethaisncoy
country ll rea.seine didthe
diminution in the customs and excise duties by the events
alluded o would occao.

WAYS AND MEANS.
The resolutions in committee of ways and means were
reported and agreed to.
THE PAPER DUTY.
On the motion for going into committee of Ways and
Means,
Sir J. NORTHCOTE strongly condemned the policy of
the Chancellor of the Exchequer in his proposed abolition
of the paper duty, which he contended was not justified by
the demands of the country or the state of the national
finances.

The CHANCELLOR of the EXCHEQUER defended
the proposed abolition on the same grounds which he had
already urged in support of this measure. He contended
that the opposition to the proposed abolition was based on
an entire misapprehension of the question.
Mr. DISRAELI supported the views of Sir S. Northcote,
and complained that the explanations afforded by the Chan-
cellor of the Exchequer were unsatisfactory
Mr. MAGUIRE asked the Chancellor of the Exchequer
whether, before proceeding to further legislation in respect
to the customs duty on foreign paper, he would consent to
the appointment of a select committee to inquire into the
operation and effect of the system of export duties on
foreign rags upon the paper-making trade of Great Britain
and Ireland

After a few words from Mr. NORRIS,
Mr. NEWDEG ATE opposed the remission of this duty,
which, however beneficial it might prove in regard
to the interest of the cotton spinner, would
be merely infinitesimal as regarded the trade,
which was now so much depressed. For instance, six pieces
of ribbon, of 36 yards 3 inches, would cost £8 25., and the
cost of the paper for packing it was only threepence. He
entered into different details in support of his views. He
dissented from the statements of the Chancellor of the Ex-
chequer entirely in regard to the operation of the abolition
of this duty, which would utterly fail in realising the ad-
vantages which the right hon gentleman predicted,
[LEFT SPEAMING.]