The Sun.
London, England, 1850-05-11 00:00:00

MISCELLANEOUS ESTIMATES.

Colonel SIBTIIORP wished to know when the mis
cellaneous estirestes would be brought forward.

The CHANCELLOR of the EXCHEQUER would
bring forward three heads of the estimates teat day week
if the discussions on the earlier business permitted.
In reply to a question from Sir IL WILLOUGHBY,
The CHANCELLOR of the EXCHEQUER said the
Savings Banks Bill was an important measure, and Go-
vernment, therefore, intended to give ample time for its
consideration. It would not be brought forward until
after Whitsuntide.
LORD-LIEUTENANCY OF IRELAND.
Lord J. RUSSELL mentioned that on Friday next, he
should introduce a Bill for the abolition of the office of
Lord-Lieutenant of Ireland.
Colonel SIBTHORP gave notice of his intention to
oppose any advances of money on account.
STAMP DUTIES.
The CHANCELLOR of the EXCHEQUER said,
with respect to the stamp duties, he would, with the per-
mission of the House, state more fully what he intended
by this measure. He hoped the House would first allow
him to state what had happened, and the difficulty in
which he was placed in his attempt to introduce the
measure. He would then proceed to state what it was
he now proposed to do. lie might here state that he
never said on the Snit occasion that the measure was
one which was intended to confer a great boon on the
agricultural interest. The lion. Member for Bucking-
hamshire had misunderstood what he did say, from not
being present at the time. The Lords' Committee had
pointed out the injurious operation of the distinction be-
tween the charges on small and large conveyances, and
this had induced him to propose a remedy. His object
was, that the poorer tenant should not be exposed to
more hardship than his richer neighbour. He proposed
to put both on the same footing. So, therefore, the
measure could not be considered a measure calculated
exclusively for the benefit of a particular in-
terest. No doubt the agricultural interest would
be benefited by his proposal, but that interest
would not be exclusively benefited. He also stated
what the amount of relief was which he proposed to
afford, and how far he was disposed to go in remitting
taxation. There was, in the first place, rather better
than 450,000/. by the repeal of the duty on bricks, and
rather less than 300,000/, by the stamp duties, making
together 750,0001. That was the extent of relief from
taxation to which he proposed to go this year. When
he made his statement, he stated fully what his objects
were. No opposition was then offered to what he pro-
posed, and no finding fault with his propositions was in-
dulged
in. From the apparent general approval of his
proposals, he was not prepared for the opposition which
ultimately arose. He introduced a Bill on the subject of
his proposed alteration of the stamp duties, to which
several heads.
were taken that ranged themselves under
heads. Certain exemptions were proposed by
the Bill. It was supposed that he had intended to ,
propose a duty on equitable mortgages. Now he had
never entertained such an idea. What the lion. Gen-
tleman opposite
had called the second Stamp Bill was
nothing but the removal from the Bill of certain duties.
At the time the di,:cussion on the Bill took place
several objections were stated; but, so far as regarded
the clauses, they were passed without a single amend-
ment. The Hon. Member for Cirencester proposed to
move several amendments; and although he (the Chan-
cellor of the Exchequer) could not agree to the wording
of those amendeeente, he acquiesced in the object which
the Hon. Member had in view, and proposed to intro-
duce clauses for the purpose of carrying out his sugges-
tions, which certainly were most valuable. lie believed
if the Committee had proceeded with the schedules, all
the minor objections would have been removed in the
same manner as the objections with respect to the clauses
had been met. By those schedules, nearly the whole of
was
noonnsciodnevreeydamncoers;
the loss to the revenue would have arisen from the reduc-
tionsell than to mortgage their pro
not
on
aadnvdatitageoua for the landowners to
per cent., but in consequence pert mortgages,
(u e ahuesaer.i;
luwpohnicthheh he
obwaels t amountwade waYsOf mortgage was
dutyTe (which,proposa
made to him, he reduced
)wtaos assured by parties connected dutywith
ueet9ocereodturceeprthe-e
per cent.
cs 2
ee pernt a
aue
nna
dst .
hll antyol-thhpeeenrr
ways, who were more affected by the Bi
class, that they would be satisfied with that dunt
the proposition came on for discussion the HYOuse took
a different view. His proportion was or ss.
carried uniformly up, or 2s. 6d. for sums under 501. An
objection was taken that the scale would press heavily
OR the JaQiCierd of large property, awl proposal was