The Sun.
London, England, 1842-03-14 00:00:00

PROPERTY TAX.

RESOLUTION INTENDED TO BE PROPOSED IN COMMITTEE OF
WAYS AND MEANS, BY SIR ROBERT PEEL.

That it is the opinion of this Committee, that, towards raising
the Supply granted to her Majesty, there be charged annually,
during a term to be limited, the several rates and duties follow-
ing, that is to say :
For and in respect of the property in any lands, tenements,
or hereditaments, and for and in respect of every annuity,
pension, or stipend, payable by her Majesty, or out of the public
revenue of the United Kingdom ; and for and in respect of all
interest of money, annuities, dividends, and shares of annuities
payable to any person or persons, bodies politic or corporate,
companies or societies, whether corporate or not corporate ; and
for and in respect of the annual profits or gains arising or
accrni: g to any person or persons whatever, resident in Great
Britain, from any kind of property whatever, whether situate in
Great Britain or elsewhere, or from any annuities, allowances,
or stipends, or from any profession, trade, or vocation, Whether
the same shall be respectively exercised in Great Britain or
elsewhere ; and for and in respect of the annual profits or gains
arising and accruing to any person or persons not resident
within Great Britain, from any property whatever in Great
Britain, or from any trade, profession, or vocation, exercised
in Great Britain, for every twenty shillings of the annual value
or amount thereof, Sevenpence.
For and in respect of the occupation of any lands, tenements,
or hereditaments (other than a dwelling house occupied by a
tenant distinct from a farm of lands), for every twenty shil-
ings of the annual value thereof, Threepence halfpenny.

FINANCIAL DOCUMENTS
QUOTED BY SIR ROBERT PEEL

All these calculations are incorporated in the report of his
speech ; but for the sake of giving them greater publicity, we
reprint them separately, in order that the conclusions based
upon them may be more easily and generally understood.
No. 1.
ESTIMATE OF EXPENDITURE ACCORDING TO
THE ACTUAL VOTES, INCLUDING ORDNANCE
SUPPLEMENTAL VOTE.
Mr. Baring's estimate for the year
ending sth April, 1840.
Income 48,310,000 48,310,000
Expenditure

Deficiency
Income (ordinary).
Actual produce from sth April,
1841, to 26th February, 1842... 43,730,044
Estimated receipts from 26th Feb-
ruary, 1842, to sth April, 1842
(same as last year) 4,323,639

48,058,683
Expenditure.
Actual amount from sth April,
1841, to 26th February, 1842 47,287,633
Estimated amount from 26th Feb-
ruary to sth April, 1842 3,100,609

50,385,242

Probable deficiency... £2,334,559

No. 2.
ESTIMATED INCOME FOR THE YEAR 1842-43.
Customs ..
Excise 13,450,000
Stamps
'1 axes
Yost-office
Crown Lands 150,000 •
Miscellaneons .. 250,000

Total Estimated Income
No. 3.
ESTIMATED EXPENDITURE FOR THE YEAR
ENDING, APRIL 5, 1813.
Debt funded and unfunded.
Interest on management of the per-
manent debt
Terminable annuities ... 4,076,850
Total charge of the funded debt ex- .----
elusive of the interest on donations
and bequests
interest on Exchequer-bills 722,783

29,427,450
Other charges on the Consolidated Fund.
390,730

Civil List ....

Annuities and pensions for civil,
naval, military, and judicial ser-
vices, charged by various Acts of
Parliament on the Consolidated
Fund

617,000
254,000
187,000
728,000

191,300