The Sun.
London, England, 1845-07-07 00:00:00

INCO3IE.

Excise • • • • ..... • • • • • • • • • • • • • • • • • • • •
Property Tax • • • •
Post-office • .
Crown Lands• • .• ..... • . • • • • • •
Miscellaneous • •
Produce of Sycee Silver received front

China.. • . • • .... ......
Imprest and other Moneys .. •
Repayments of Advances .. • • •

To Cash brought to this Account to be
applied to pay off Deficiency Bills• •

THE QUARTER'S REVENUE.
(FROM THE MORNING PAPERS OF THIS DAY.)
TIMES.—The return of the quarter's revenue does not present
the same prosperous appearance as many that have preceded it.
Thus, although there is an increase in the Customs for the year
ending on the sth inst. of 36,8861., there is a decrease on the
comparison with the quarter terminating at the same period of
1844, of more than ten times that amount, or 369,6871. In the
Excise, in like manner, the fulling off in the quarter more than
counterbalances the increase for the year—a retrograde movement
for which it is not easy to find an explanation from causes
which lie under public observation, and will, therefore, be re-
garded with some degree of disquietude by the country
generally. The working of the mad speculations which have
prevailed for the last twelve or eighteen months, is shown
in the great increase under the head of Stamps, which
have added to the income 328,820/. on the year, and
132,0431. on the quarter; and if the common opinion is
a just one, that these speculations have injured commerce by pro-
ducing an unnatural rise in some prices, and in diverting the at-
tention of mercantile men from the sober course of trade, it would
follow that to this is, in part, to be ascribed the decline in the
Customs—an evil by no means to be compensated for by a gain
arising out of what may be teimed illegitimate sources. The same
results appear, though not to the same extent, in the general re-
turn, the increase on the year being 847,1481., while the falling off
on the quarter is 739,8471. The Post-office has increased 47,0001.
on the year, while the quarter's return is identical with that of
1844, exhibiting neither increase nor decrease. In the account
for the Contolidated Fund there appears the satifactory item of an
application of 1,585,6091. to the Sinking Fund, against 523,8571.
in the corresponding quarter of 1844; and the probableamount of
Exchequer-bills required to meet the charge on that fund for the
quarter just ended is only 2,254,4331. The re-action in the Cus-
toms and Excise, however, more than outweighs all the favourable
features of the present return.
HERALD.—The Revenue returns for the year ending on
Saturday, present another testimony to that course of rapidly ad.
vancing prosperity, which has distinguished the last three or four
years from any equal period in the history of this or of any other
country. The net increase of revenue upon the last year, as
compared with the eminently productive year ending twelve
months ago, amounts to no less than eight hundred and forty-
seven thousand pounds. And this, notwithstanding all the large
reductions in the sugar duties, the cotton duties, the glass duties,
the auction duties, and other sources of revenue. These reduc-
tions have nearly all fallen within the last quarter, which, there-
fore, exhibits a decrease, but not much more than half the de-
crease that it would exhibit had the reductions been all loss. At
present we are not in possession of the means of showing the
several articles upon which respectively increase and decrease have
arisen ; but we are able to congratulate our fellow-subjects, upon
indisputable evidence, of a course of general prosperity without
example.
CHRONICLE.—The revenue accounts for the quarter, which
appear in another part of our journal, are extremely satisfactory.
They present one of the most convincing proofs which has yet been
adduced of the prodigious advantages of cheap food and low duties
in augmenting the revenue of the State. At the beginning of this
session Sir Robert Peel lowered the duty on sugar, abolished the
duties on cotton and staves, and on a great variety of small arti-
cles, which he calculated would reduce the Customs revenue on the
year by the sum of 2,418,000/., or on the quarter 603,000/. The
accounts show that the diminution is only 369,387/. ; the
Customs revenue for the quarter, therefore, is in reality
nearly 240,0001. better than in the corresponding quarter
of last year. Similar remarks apply to the Excise. The reduction
in this branch of the revenue for the quarter, as shown by the
tables, is 149,906/. ; but Sir Robert Peel calculated in February
that the Excise revenue would lose on the year, by the abolition of
the duties on auctions and glass, 892,0001, or on the quarter
223,0001., whereas the loss is only 149,908/. The duties which
remain, therefore, of the Customs and Excise branches of the
revenue have yielded considerably more than in the corresponding
quarter of last year, in conjunction with comparative cheapness
and the abolition of duties. The other branches of the standing
revenue show a corresponding increase on the quarter. The Stamps
have increased 132,0001.; the Assessed Taxes 10,000/.; and the
Property.tax 157,000/. In these results there is great encourage.
inent to allow the utmost possible extension of trade, by the re-
moval of all duties which are not indispensable for the public
service, and all restrictions but those which are necessary to levy
the duties.
ADVERTISER.—We publish in another column
on an abstract
of the public revenue for the year and quarter ending Saturday
last. It will be seen that on the quarter, as compared with the
corresponding quarter of last year, there is a deficiency in the
Customs of 369,6871., and in the Excise, of 149,908/. Under the
head Miscellaneous there is a deficiency on the quarter, as compared
with the corresponding quarter last year, of 408,5351. The defal-
cations in the two first departments can be satisfactorily explained.
The decrease in the customs is mainly to be ascribed to the cir-
curnstance of a large sum having been refunded on sugars
in bond, when the new Sugar Duties Bill came into opera-
tion. In conjunction with this cause of diminution,
there is another, namely, the entire abolition of duties
on many articles of minor importance. The defalca-
tion under the head of Excise, is to be attributed to the total repeal
of the glass and auction duties. The only subject for surprise is
that the falling off in this department has been so inconsiderable.
For the deficiencies in the Miscellaneous department, we are not
able to account, though we feel assured, from the flourishing state
of trade and commerce, and the healthy state of our financial affairs
generally, the defalcation under that head is susceptible of a satis-
factory explanation. It is fully expected that the consumption of
sugar this year consequent on the reduction of the sugar duties,
will exceed the estimate of the Premier, when making his finan-
cial statement, by at least 20,000 tone. What more triumphant
proof could be desired of the effect which a reduction of duty has
on the consumption of a necessary of life, than is afforded in this
fact ? If an approach to free trade is productive of such results,
what must be the advantages of entire freedom of trade ?

SPORTING INTELLIGENCE.
LIVERPOOL CUP.
The official list in London up to half-past eleven o'clock
on Saturday night, showed the following declarations
of forfeit :

st lb st lb
St. Lawrence, aged 9 0 Elixir, 5 yrs 6 0
Attila, 6 yrs
Zanoni, 5 yrs
Discord, aged
Ratan, 4 yrs 8 5 Cockamaroe, 4 yrs ...... 6 0
The Cure, 4 yrs ... 8 5 Lady Wildair, 3 yr 5...... 6 0
John O'Gaunt, aged ... 8 3 Crosby, 4 yrs ......... ... 6 0
Napier, 5 yrs
Red Deer, 4 yrs .... ..... 712 Coal-black Rose, 3 yrs 512
'Valerian, 4 yrs 7 8 Best Bower, 4 yrs 5
Sorella, 4 yrs
Baldersdale, 5 yrs
Morpeth, 4 yrs .
Semiseria, 5 yrs
Capt. Flathooker, 5 yrs 7 5 Pacha, 3 yrs
Barricade, 4 yrs
Vol au Vent, 4 yrs
Naworth, aged .. 7 3 Plenitude, 3 yrs
Young Lochinvar, 5 yrs 7 2lMystery, 3 yrs 4 8
All-round-my-Hat, 4yrs 7 OPevil's Dust, 3 yrs 4 7
bl fby Alfred, 4 yrs ... 7 0:Velox, 3 yrs 6
Croton Oil, 4 yrs ...... ... 612 Rose of Cashmere,3 yrs pd
Portrait, aged
Advice, 4 yrs . .... ...... 6 41Modesty colt, 4 yrs pd
Marius, aged
Emun is Knuck, 4 yrs 6 2 Scalteen, 6 yrs , .......... (dead)
Saddlebow, 4 yrs.
On tilt, that the following were scratched at Livarpoo
but we cannot vouch for its being correct :
st lb
The Era, 5 yrs 8 9 Telemachus, 4 yrs ..
Aristotle, 6 yrs
Intrepid, 4 yrs 7 11 Obscurity, 4 yrs
What, 5 yrs
Godfrey, 4 yrs 7 2
(RECEIVED THIS DAY.)
CARLISLE RACES—FRIDAY.

at 11)

6
5 4

The Queen's Plate of 100 gs. Thrice round and a distance.
Mr. Meiklam's Inheritress, 5 yrs, 9st 91b... ..... walked over.
The Whip Stakes were won by Mr. Martin's Jemmy
Jumps.; the Hurdle Stakes by Mr. Hunt's Palxmon ; and the
Corinthian Stakes by Mr. Benson's Eleanor.
LIVERPOOL JULY MEETING, 1845.

Acceptances for the Tradesmen's Plate.
Corrauna, 6 yrs, Bst Gib • Winesour, 5 yrs, Bst 61b ; Lo-
thario, 5 yrs, Bst 51) ; Trueb '
oy, 5 yrs, Bst 21b ; Mickey Free,
4 yrs, ist 121 b ; William le Gros, 6 yrs, ist 121 b ; The Best
of Three, 4 vrs, ist 101 b ; Lightning, 4 yrs, ist slb ; Godfrey,
4 yrs, 7st 21b ; Rowena, 4
yrs, ist 21b ; lronmaster, :3 yrs, ist ;
Milton, 4 yrs, 6st 121 b; Johnny, aged, est 101 b; Everton,
5 yrs, 6st blb ; Brunel, 4 yrs, 6st 81b ; The Dog Billy, 4 yrs,
7st 611) ; Warp, 4 yrs, est ; Little Hampton, 4 yrs, sst 81b ;
Cock Robin, 4 yrs, 4st 71b ; April Noddy, 4 yrs, sst 71b ;
Ambition, 4 yrs, sst 71b ; The Duke of Kent, 3 vrs, sst;
Extravaganza, 3 yrs, 4st 121 b ' • Nereus, 3 vrs, 4st 12th ; fby
Albemarle's dam by Emilius, 3 yrs, 4st 101 b.