The Sun.
London, England, 1842-03-19 00:00:00

sib le. There were also one or two typographical errors
in the tariff. He was desirous to avoid successive nod-
..firations ; a little delay had therefore been occasioned
tre at it might be laid correctly before the House. The
en eirs would be corrected as soon as possible, and the
col 'met tariff would be laid on the table before the
Bo use separated for the Easter recess.
dr. G. WOOD said he thought it would be better to
• tint the tariff altogether.
Pdr. HAWES said he understood the Right Hon.
C 'reintleman to say that there were some typographical
s (Tors, arid that some changes were in contemplation.
1 There there
.were typographical errors he thought the
11 tight Hon. Gentleman ought to inform the House what
t. hey were as soon as possible, that they might know
•hat were the errors and what the proposed changes.
Captain PECHELL wished to know whether, in the
oposition which had been made for placing a duty on
lash, which had been heretofore proposed, the effect
elate fluty would have on what:had been done by the Select
'Cern mitt( -e of Fisheries in 1833, and the convention with
the French in 1839, as to the exclusive right of fishing
within three miles of our coast, had been considered. He
sv isned to 'call the attention of the House to this subject; for
if thole. fieets of French ships were allowed to fish en our
cc -est, and carry their fish for sale into the; ports of
Ii ent and elsewhere, the effect would be greatly to injure
t sr fisheries.
Sir ROBERT PEEL spoke in so low a tone of voice
1: tat the purport of his answer did not reach us.
PROPERTY FOR. CHARITABLE USES.
Mr. T. DUNCOMBE wished to know from the Right'
/ lon. Baronet. (Sir R. Peel) whether the income arising'
fj .om funds or lands for charitable purposes was to be
st tbjeee to the income tax?
Sir IL PEEL said that it was not his intention that
ti ineonae.arising from the rent of land, or public securi-
ti es for charitable „purposes, shbeld be subjected to the tax,
to at was to say, when et was solely applied to such pur-
ge -ses ; but the salary of public. officers appointed to ad-
shah-property:would not be exempt from the tax.
EXCHEQUEIt FRAUDS.
Dr. BOWRING wished to know from the Chancellor of
tip e Rtehequer' whether he would bring forward the sub-
j` afethe ilxehequer Frztuds' Bill- to-uiglit.--(A laugh.)
7he CHANCELLOR ofehe EXCHEQUER did um
0 any probability of being able to do so. .
- -
In answer to a queetien from Mr. Sliiel, tord.ELIOT
at -id it was his intention to bring,in: a Bill during the
1.1 -esent Session on the subject of Irish Fisheries.
The Consolidated Fund Bill was read a third time
n d paSSed.
A Message from the Lords brought up sundry Bills.
THE INCOME TAX.
Lord JOHN RUSSELL wished to know, from the
Right Honourable Baronet, ti !tether it was his inten-
tit..n to make his statement of the manner in which he
),r( posed to collect the income tax, before the Speaker
.1 -ft the Chair, or after the House should have gone into
Corr. tmittee ?
She R. P EEL said he. should make the statements imr
reedi ately on the House reselving itself intu aCommittee.
Lord j..RUSSELL thought if the Right Hon. Ba-
ronet' had any explanation .to make, it should be done
before. the Speaker left the Chair, as it could not so
Wopel7ly be made on a mere resolution in teCommittee of
ays and Means, as on a general statement of finance.
Sir R. PEEL said, when the House resolved itself
zo a Committee of Supply, he would take the earliest
of ps-rtamity of laying the information required before
the I louse, and he proposel to commence the debate by
that statement. if he made it in Committee, he should
lave, the opportisnity of speaking more than once, and
s' •on Id be able to reply to any objections.
M r.BARLN.G said it was perfectly competent to the
Higb t Hon. 'Baronet to take the course he had
state d. He did not at all quarrel with the Right
Pont mrable Baronet for reserving his explanation
t 1 Ito seolee on the IncOme Tax specifically, and
n e on the general subject of the finances; but
ha vints heseed from the Right Hon. Baronet the pro-
peeitio e of those 'measures which on the part of her
Itlejesee's..eleovernment, it would be the most satisfactory
course te, explain the general nature of his plan (as we
atelerste, y 1) before the house went into Committee.
• wot ii I advert to the manner in which the
debate I Friday last was conducted. The Right Hon.
trone' ; then gave a general view of the finances of the
et .uitr; f, and went into an explanation of his plan as a
w. tole, and not in reference to any particular measure.
T :e B fight. Hon. Baronet's statement on that occasion did
ac ;ce 11 for any expression of opinion from gentlemen
of tl tat (the Opposition) side of the House, and they
ofi sre4l no opposition to the resolutions which the Right
He n. -Baronet considered necessary for the public ser-
vie& As to the particular measures which the Right
Mee Gentleman had to propose, if they were fairly dis-
cuss .s I in the Committee, after that fair discussion, they
woo is i not oppose the Right Hon. Gentlemen. They were
wet Lg into the Committee to discuss the details of
the measure, and would have to examine each
• icular detail, and not the general principle of one
gre tt measure. He had now to trouble the House with
Isom a observations, which he had great reluctance
to offer. The Right Honourable Baronet had
at:le .d- that he (Mr. Baring-) had stated the expendi-
tie e at more than it actually proved to be. There was
ins ed,' one particular point, in which the expenditure
ha. proxecl to be less than he had. anticipated. That I
w: t., in Coe :case of China: ' But he could assure the
IL tree, that it was extremely difficult to get informa,
tio at that time ; and he had laid the information
wly c h. he possessed as fairly before the House as he could.
JP' • f lever pretended that his , estimates were precisely
sects/ ate as to amount, but he was afraid he could not
pa-- " any ' great compliment to the calculations of the
Aieht Hen. Baronet. The Right Hon. Baronet seemed
to cot ,sicter that the falling off in the revenue would be a
perm a ndrit oneebUt he (Mr. F. Baring) thought that di-
mieu t .o a was attributable to circumstances not likely
again to occur, and that the income from these sources
weak I b e much higher than the Right Hon. Baronet had
cals.& at. ,c 1 on. He would not go into any details with
regar 1 to the estimates of expenditure. Those were
matte r:s which the House had already had before
them iu detail, and the greater part of whick had been.
voted, a nd from the circumstances of the country he could
not se e any likelihood of any diminution taking place.
lit the e a estimates. He would, therefore, take the
annual expenditure at 50,819,000/. Now, with regard
to the * -stimates of income, he would say, speaking from
his owl i experience from a pretty long connexion with
the Tr easury, that even the officers of the Treasury it-
seY, at id who had for years been connected with that
del az tment, are unable to make anything like a correct
esten ate of the income ; and as for any one else, without
their information, attempting to do it, was clearly impossi-
ble. I A was generally known that at the period when Chan-
celte rs of Exchequer usually made their statements the do-
cuire .nts on which they were founded, and which were pre-
pare .1 in their own offices, always, somehow or other,
foun d their way to the public. These papers, which
wets of a demi-official character, he should treat as
authorities, and on those papers he should found the
alga ment lie was about to address to the House. From
three e papers he found that the annual .expenditure
ane 5 unted to 50,819,0001., the income to 48,350,000/.,
and the deficiencies to 2,553,000/. , The Right
Ho: t curable Baronet had correctly stated the expen-
ditt t !'.e at 50,819,0001., and the income at 48,350,000/..
Teat rig a deficiency, on the whole, -of 2,569,000/. In
stat 'sag this deficiency the Right Hon. Baronet was not
quit e correct in his calculations. Now, when
he (Mr. Baring) was at the. Exchequer, he
fowl d the deficiency to be 109,0001. less, being
0,46' 1,0001. instead of 2,569,0001., so that he was
iapr -y to say the Right lion. Baronet was mistaken
to th e amount of 109,000/., and it was no small console-
to hi (Mr. Baring) to be able to hand over to the
High t Hon. Baronet an additional 100,000/. in the
prese at state of his finances.—(Laughter and cheers.)
Form erly the Right Hon. Baronet taunted him with not
Wing able to get much out of him when he (Mr. B.) was
g for a budget, but he had become more fortunate
since . he (Mr. B.) had left that side of the water in which
the .1 'tight Hon. Baronet and his colleagues had
beri :for some time splashing. Now he (Mr. Baring)
hat ateght.loo,ooo/., which, with perfect good humour,
be be gged to offer to the Right Hon. Baronet, as the first
fruits of his (Mr. B.'s) financial fishing on that side of
tire • ; 'Steeam.—(Laughter.) Now, as the whole of this
disciG ;semi turned upon the financial deficiency,
be vt 'Ould beg leave to refer to the
.deficieney as
it sir use, in • order that the House might eine
derseend the case exactly. The first year in which
a d.,,fitiency occurred was in the year 1837-38, when
the :IrcaAatt was 1,418,000/., a large deficiency certainly,
but sow .h ad ie arisen ? Gentlemen who were acquainted
with that period would re. ollect that it was a year of
simt st tint►stralleled difficulty ; that the revenue had fallen
off ,o an extraordinary extent, or to speak more
correctly, that the revenue of 1836 and 1837 had
antieipate el to a great extent that of 1837 and 1838.
On that occasion he perceived that the total ordinary
rove me, taking it loosely, fell off' by about 2,500,000/.
in the course of one year. He did not wish to
look ba.,,;k then to any mistakes which may for-
merly ha. to been committed by any party, and which every
one might. commit ; but he should say that if they were
• still in the same situation, adverting to the circumstances
, of fie 3 fear, adverting to the position of the revenue,
, and adverting to the elasticity of these resources,
lad hitherto borne the revenue harmless through
much greater difficulties—he should say that the course
whijh, he then pursued was a wise and proper
course—he meant the course of filling up the defi-
ciency of one year by the excess of former years.
It appeared to him that it would be exceedingly inadvis-
able on the first moment of an unexpected pressure to
have recourse to additional taxation upon that occason ;
the Paiticipation of an increased revenue turned out
to a.. Nrtain extent to be correct, for the deficien.7 which
ea tie years 1837-8 amounted to 1,438,000 L, the next
year was diminished by a sum of 1,000,000/. ; and the
end. T deficiency was then only four hundred and
thir ;y thousand. He felt perfectly confident, in
addi c ion, that if it had not beets for those events which
efte 'wards occurred, if it had not been, for instance,
for the insurrection which had broken out in Canada,
and the necessary addition to our establishment there,.
and the subsequent expense which this country incurred,
be toll perfectly confident that had it not been for those
sre:tis the next year would not have witnessed that
deficiency in the estimates which had taken place,
but would have witnessed the revenue and
the Income equalling each other.— (Hear, .hear,) He
admitted,. however, that this had not been: the case.
In..te.year 1839 the deficient- amounted to 4,457,000 L;
ETM7F. l'•Wkt'•in addition, he had to calculate upoe the esti
,fg-
sitt deficiency in the future Post-office revenue
eet.i eelefat`*:.`-the'!b year 1839-40. Under these circum-
e see -4, ,
elessur .e.l4ter he had come ffiee he felt
into
es, Itesss si'reee ;kieete •, take those, seeps. which he° th_ would
• !1".4 yto contribute to equalise .the .revenue, and
ti - cetted:-eketenditere (Hear,
1 ette.) e Honourable Baronet opposite had
N. .1:741-4aftisiti observations which were no doubt
'ttly fair and Toper upon the financial system of
the Minister.. - •
(Dlr. Flaring's). • sad prcci,ded ; 13
anythiog intosirttextra tlat intro-
duceussion of a norgonal nature.

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