The Sun.
London, England, 1857-08-13 00:00:00

WAYS AND MEANS.

On the motion for the house going into committee on
ways and means,
• Mr, WISE asked what course the Government in-
tended to take with reference to the 2,0001. that had
been paid for a chapel in Paris after the house had re-
jected the vote of 10,500/. for its purchase.
The CHANCELLOR of the EXCHEQUER said
that he had net been able to communicate with Lord
Cowley on the sulject, anti was unable to answer the
question.

.y wes , ••_ 3 :Gt, _
• ••• ••• ••• ••• -
in the latter year is. 21. per cwt. Taking the facts of a Mr. GLA.DSTONE said,—l do not rise for the pur•
direinuti m (,t consumption in the latter year and an in•
pose of opposing the resolutions of the right hon. gentle-
crease of date, a person would naturallypay there is the
. but it does appear to me that we must regard this pro-
man or of detaining the committee for any length of time,
Explanation of the diminution of consume'--ion. But when
Iwe loot, further we find other causes much more opera
tive. In 1839 the average price in bond was 1/. 19e. 23. posal as an omen of other proposals which are to follow
WAYS AND MEANS. In 1840 it was 21. 9s. ld., showing an increase of 9e. 113. it. (Hear, hear.) There is one statement of the right
gentleman upon which I have the misfortune to
THE TEA. AND SUGA 11, DUTIES. Tee average price, inclusive of duty, in 1839 was 3/, 33.
The CHANCELLOR of the EXCHEQUER said, 14s .7 due
out
from him, and I cannot allow •
21. Io 1840 it was 31 3 1 showing an increase in hon.
the total price of 113..1e1., of which only is. 2d. was it to pass with-
-It will be is the recollection of the committee that to the increase of duty. Therefore it is manifest that the out recording my protesc against it. He speaks of
pnroervaidtiendnnfohr the Sound
.Dues, as if in either of those
having paid off 2,000,000/. of Exchequer-bonds and
early in the last session I laid before them a proposal for great diminution of consumption which occurred in the
an alteration in the duties on tea and sugar, which were letter year was mainly attributable to the eatural in-
tthaena fiexre.ddby the existing law. That proposal referred Ere :se of
dot In
lanndfundohncrthdany greatlexeiellntt,akteo ,
hanelainst-
aP process analwageroeusexttoin
ot.
lof three years, commencing from the Ist ofgt uh ine h
extinction
nicFl n (In
teibntn,
of
p (eirefnotr m
nutng
April last. proposed. a certain triennial scale of duties, two years, 1855. and 18.560 f the Ways and Means of the year. I do not
tnhe consumptionw was
.1
lunsltrBastsio
7,517,157 cvt. ; in 1856 it was 7,071,515 cwt. In 1855 wish to revive arguments which we have bad at great
length, but, so far as the Sound Dies are concerned,
were higher than the duties that would have the average duty was 13s. 53. ; in 1856 it was 14s. 63.,
quenee of the dissolution of Parliament the Government
been leviable under the then existing law. In coese being an increase of is. 13. Looking at the diminished the ewe is this : —ln tle years 1856 and 1857, by the
exercise of borrowing powers to a considerably greater
were callednipon to alter their plan, I accordini•ly with- o msump' ion and the increased duty, a person might say
extent than the ultimate expenditure required, there
drew my proposition for a triennial settlement of the duties that is the cause. But then it must be borne in mind
that in 1855 the avers; price in bond was 11 63 9d were large balances of borrowed money in the Exche-
and in 1856 1/. 9s, 73.," being an increase of the. price in' quer, and out of those balances the Government applied
uponhiti tea and sugar, and I afterwards introduced a real- bond of 2s. 10 1. The average price, inclusive of duty, 1,000,0001., and something more, to the extinction of
commencing on th© Ist of A pril laet. The propo-
on, and subsequently a bill, to fix these duties for a was in 184;5 21, oe. 23. ; and in 1356 21, 43. 13,, being the obligation contracted with respect to the Sound
sition underwent a very fall discussion, year, au increase of 3s slid., of which only is ld. was due to Dues. The Sound Dues were just as much discharged
cessary for me now to repeat the arguments that were- the increased duty. That also shows that the principal out of borrowed money as if a special loan had .been
and it is urine raised for the purpose. (Hear) As respects Exchequer-
cense of diminished consumption was the natural increase
of price, owing to the diminished supply, and not to any
then used upon the subject, inasmuch as, the discussion great extent to the increase of the duty. Under those bonds, so far from considering that we have liquidated
2,000,0001. out of what may be regarded as legitimate
being so recent, they are, no doubt, within the recollec- circumstances, I trust the committee will agree to the Ways and. Means, I contend not only that those
tion of the committee. The effect of that alteration of
resolutions which I have placed in the hands of the 2,000,0001, but that 2,000,0001. or 3,000,0001, more,
fixed at a lower rate than that which existed for the year Chairman, authorising me to found a bill upon them
the law was that the duties on tea and sugar, although
to continue. for two years from the Ist of Aril nextdebt in redemption
applied to the liquidation. of. public .
it
ending the lst of A • the existing duties on tea and sugar. (Hear, hear.) which we applying to Ways and Means, ought to be
1 of the pledge given by Parliament ; and next session
will be necessary. to review that subject at greater
April last, were fixed at a rate which will now revert to the question put to me b the hon,
was higher than that at which they would have stood if baronet opposite (Sir IL Willounb2''Y) with respect to length. (Hear.) As respects the general matter of the
that Act had not passed. But the rate was fixed only the probable demands on the Exchequer in aid of the speech of the Chancellor of the Exchequer, lam glad to
understand from him that the East India Company are
for the year commencing the Ist of April last, and end- finances of the East India Company. The proposal
which I now make will not add anything to the Ways in such a state as regards finances that he contemplates
ing the let of April, 1853. The resolution which I have and Means of the current year. It makes no alteration they will be able froneletheir own resources to meet for
now placed in your bands s• is the probable period of six meniths the heavy charges of
, sir, not intended to make whatever with respect to the year ending the let April
alteration in VI duties operations which must be undertaken in that country.
any • e upon tea and sugar which are next. It only proposes to arrest the fall of duties which
leviable under the existing Act until the let of April would otherwise occur at that period, and to continue If that be the case, I entirely agree both with the autho-
next, and, although it does purport to substitute certain the existing duties for a term of two years. It seems to rities of the Company and with the right honn.,gent!..
duties for those existing from the present time, neverthee bhen Finxpjeted.bLtohfethlreen gherleitlernam—and there seems to man in the
this house.
of not making
abkeinale)anruPwrehsset .haePePalild-
less it makes no change in thoSe duties up to the Ist of be ineunteubmennti on be; IPSlnajecstayhninarve,s,srinotn—ent,hait it willmake cationhn
p perhaps
. h taop
s alluded what( fell from me when I re-
April next- The object which I really have in view is some proposal before Parliament separatels2 ;Rhea vew epectfuliy tendered to the Government my advice, that
to continue for two years from the lst of April next the of assisting the Indian Treasury. In the press at state if they foresaw the coming necessity of rendering peen-
duties which are now leviable by law of public affairs in India it has been fey duly, and the niary aid to the Indian Government
Itheyu.sthould render
up to that date.
It a measure substantially to carry into effect the grope - Chairman of her Majesty's Government to communicate with a portion of that aid at oncei.n
nßunnht a
nctiatineanagtrhene
rightthat
sition I made at the beginning of the session with respect olinetandthnuoat
stthlendEiaaset
Company
anCohmapvany on this sub- ifh sot h e resourcese
t, inan or! Indiarenon
represents
them, it is much better to
to the two years from the Ist of April next, and jthat the Government were toady -?ro takee inbznnninnflrmeread avoid an demand at the present. Grave as is the crisis,
as may be matey of the matters raised and
which was dropped in consequence of the dissolution, tion any representations which !they might make with' most weighty
discussed with great ability by the right hon. gentleman
The committee will understand that Ido not propose to respect to any change in the law which they might wish
make any alteration is the Ways and Means for the toiphropose as to their poweri of borrowing money, or the
thßtaheekhi nn
ng h aa
nnads le
geraell
aynett Imen confess
her f InrinAclhineer,.
existing year, but I merely propose to continuo the ex- v
neighstrewsli,sehettntoreannivefifernanincitahe assistance Government which they d
ineennom(Cineel.nSwykes), who addressed the house very recently
isting duties as they stand at present for two years from of Parliament. But the directors having
investigated
consent
and very admirably—(hear)—to the opinion that there is
April next. I should not have hit it my duty to make any the question, did not find that they were in a position nothing absolutely unreasonable in the hope thate bY thee
blessing of Providence, the head of this mutiny, gigin
proposition now with regard to the tea and sugar duties which made it necessary that they should apply to Go-
as it is, may be crushed, and certainly, so far as positive
•h the
any more than with regard to the income tax, for which vernment at present for any such assistance. (Hear.) I cannot see the evidenee'npon whic
I also proposed a triennial settlement, were it net for The present financial means of the East India Company evidence guts, bamshire
gentleman the member for Bucking
the ,circumstance that, with respect to articles which are are ample. Their present difficulties, great and formid- right hon.
alisaflection. (Cheers.)
able as they undoubtedly are, are not of a financial kind interprets this mutiny into genera!
• whatever tolndian
imported, as in the case of tea entirely, and sugar par Of course it is impossible to say how soon fir-Lancia] In the resolutions there is no referent e
and Means,
tially, from great distances, it is expedient to give as long . x;gencies may occur, but in the existing state of the affairs. W
informed,e are not going to increase Ways _
a notice of '
the intended duties as is possible--(hear)— East India to make provision directly or indie eetly uhreferenee
because a short notice is extremely embarrassing • d ' treasury. we are and we, enter. nor ty should
an tam no doubt, there are ample means of to the stateof Indian affairs. If any such neeessi .
disadvantageous tmerchants and
geous o
~ any demand likely to be made on the arise it will be dealt with hereafter; but N),:e are going to