The Sun.
London, England, 1842-06-30 00:00:00

THE SUN, LONDON, THURSDAY EVENING, JUNE 30, 1842.

Bill with regard to which they were so suspended, ought
not to be proceeded with except at the time of public
business. _ . .

After a short conversation the Bill went throligh Com-
mittee, was read a time and passed.
(LEFT SITTING.)

HOUSE OF COMMONS.

The SPEAKER took the Chair 4t Ten minutes before
Four o'Clock.

Mr. Lumley from the Poor-law Commissioners, pre-
sented papers.
Mr. Crafer presented papers from the Tresury.
LONDON-BRIDGE APPROACHES. _ _

On the motion of Sir M. WOOD, the London•bridge
Approaches Bill was read a third time and passed.
Mr. Sergeant JACKSON presented petitions from
different parts of Ireland against the national system of
Education in that country.

whom, by the Mutual House Insurance, the loss would
fall, and the necessity of alleviating it by a general in-
demnity—to be accomplished.
I. By raising a state loan to the amount, pro maxinto,
of thirty-two millions of marks banco, on the easiest
possible terms, without any limitation on either side as
to the time of its repayment. However, to accomplish
this end, a sinking fund to be established, but limited to
one per cent. yearly. The loan to be raised on the credit
and security of the State. The deputation authorised
to make arrangements to contract this. But before its
final adoption, it must have the sanction of the Senate
and Burghershaft.
11. How to raise the funds for the interest of the loan
and for the sinking funds.
1. By a yearly additional fire insurance-tax of
one per cent. of the sum insured.
2. The ground-tax (which is levied in proportion
to rent) to be abolished in the town while the above
extraordinary tax exists.
3 The ground-tax for all remaining houses in
the suburbs and territory to be one-halrmore.
4. The proprietors of houses burnt down are
allowed to deduct the amount per cent. of their
former ground-tax from the amount they would
have to pay, according to subdivision, as above, be-
cause these people do not take any rent.
5. Whether a commutation of this one per cent.

may take place, the deputation has to decide, agree-
ing with the Senate.
111. In consequence of the abolition of the ground-
tax, there arises a deficiency in the ordinary State in-
come, to be covered.
1. By a tax to be entitled a general conflagration
tax of 1842, which is an assessed tax to be raised
on property and income. Such a tax its raised in
f 836 for some extraordinary expenses. It is now
to be doubled. It was in the last-named period 2
per 1,000 mks ; it is now to be 4 per 1,000.
2. The import and export duties, at present one-
half and one-eighth per cent. respectively cur-
rency, to be now paid in the same figure banco—
(4 mks. banco are 5 mks. ct.)
3. Increase in the excise duty on butter, fat,
and Dutch cheese, at one-half-schilling per lb.—
(a Hamburgh schilling is nearly a penny English).
4. The funds hitherto apportioned for the con-
struction and repair of roads to be given to the
State Treasury, with the exception of 40,000 mks.
IV. The deputation, the Senate, and financial depart-
ment, to regulate conjointly in the first year how much
of and at what time the extraordinary fire insurance-tax
of 1 per cent. is to be raised.
V. Is to avoid a contraction of the circulating medium,
so that until the loan raised is re-paid, in order to secure
the utmost economy, the original Hamburgh State-
paper-money to be received at its value, without the
power of its holder to demand specie for it. Such paper
is in issue but to a limited extent ; there is none under
400 marks.