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

Loss, assuming no increase of consumption

Assuming that the increase of consumption mill be 10
percent., viz.,

6544.50

Probable loss of revenue
No. 14.
TIMBER.
Propose—cn Canadian timber—
Timber. Is. duty.
Deal, (loads), 2.k. duty.
Lathwood, 2s. duty.
On foreign timber for the year ending the sth Apt ii, 1E143
Foreign timber, 30s.
Deals, 355. (cubical contents).
Lathwood, 201.
For the year ending the .sth of April, 1814—
Foreign timber, 255. per lead.
Deals, &c., 30e.
Lathwood, :355.
The great object in reducing the duties on timber is to mak*
such a redaction as shall benefit the consumer, and at the
same time shall not injuriously affect the interest of Canada.
!'resent r4te of duty on foreign timber is 555. per load ; but
take the average of duty on timber—deals, staves, lathwoott, it
does not exceed 41s. per load. Duty on colonial timber, 10s.
per load ; average duty, 9s.
Great object to place the Canadas as nearly as we can on the
footing of an integral part of the empire. Do not lay down that
rue generally, butt peculiar position of Canada.

TIMBER—\o. 1.
Estimate of Revenue from the Timber Duties, from the sth of
April, 1842, to the sth of April, 1843, at the undermentioned
Rates, and assuming no increased consumption.
Foreign timber, 180,(X)0 loads at 305... 270,000
Foreign deals, &c., 350,000 loads at 355. . 612,500
Foreign lathwood 25,000 fathoms at 20s 23,000

Total of foreign timber
Colonial timber, 570,000 loads at Is.
Colonial deals, &c., 263,000 loads at 2s.
Colonial lathwood, 25,000 loads at 2s

1:907,500
26,300
2.500

£964,800
Actual revenue 1,566,291

Loss, supposing no increased consumption .E 601,491
Estimated los, upon the propos• d Duties upon Timber, from
the sth of April, 1843 to 1844, supposing an increase of
consumption took Pier, as fo:lows :
Foreign Timber, 201,600 loads, at 255.
Foreign deals, &c., 420,000 loads, at 30s.
Foreign Jathwood, 25,000 loads, at 20s.

£252,000
630,000
23,000

Total of foreign timber 1:907,000
Colfaiial timber, 684,000 loads, at Is. • 3'4,200
Colonial deal., &c., 326,000 loads, at •2s
Colonial latliwood, 25,000 loads, at 2s. ...... 2,500

Total of foreign and colonial ,
Actual revenue

976,300
1,566,291

Probable loss at this estimate ... £589,991
In this calculation it is assumed that the consumption of
forei-sn timber would increase by 12 per cent. and of deal, 20
per cent. ; of British possession timber 20 per cent., and on
deals at 24 per cent., because the duty on British possessions
is merely nominal.

No. 15.
SHORT REVIEW OF THE WHOLE FINANCIAL
ARRANGEMENT.
Estimated deficiency on present income fur the year
ending the sth of April, 1843, is
Reduction on carious articles of tariff, raw mate-
rials, seeds, &c
Coffee, loss on
Timber
Repeal of export duties
Repeal of duties on stage-coaches

270,000
170,000
600,000
100,000
70,000

£3,780,000
Estimated amount of taxes ...... 4,300,000

£520,000
to meet increased estimates for India, increased charge for
China, remission of duties on account of commercial treaties.

No. 16

A Return showing the AmOniit of Duty collected on each of
the undermentioned Articles retained for Horne Consump-
tion in the Year ending the sth of January, previous to the
reduction of the Duty, and the Duty collected thereon in the
year ending the sth January, seven years afterwards.
WINES, TOBACCO, COFFEE, AND HEMP,
Reduced in 1825.
Wine, the duty being reduced in 1825 from 9s. lid. to
4s. 93(1., produced in 1832 a revenue of 1,715,8121., while in
1824 it was :',153,112/. Tobacco, reduced from 4s. to 35.,
produced in 1824, 3,378,5371., and in ' 1832, 3,080,5991.
Coffee, reduced from Is. to 6d., produced in 1824, 420,989/.
and in 1832, 598,038/. Hemp, reduced from 9,. 2d. to 4s. Bd.,
produced in 18.T3, 108,717/. ; and the duty being still further
reduced, the receipts amounted in that year only to 27,4731.
No. 17.
RUM, SUGAR, AND FRENCH WINE.
Rum, the duty reduced in 1826 from 12s. 7d. to Bs. 6d. the
gallon, produced a revenue of 1,284,6281., in 1825, and in
1833, 1,570,7971. Sugar, the duty reduced in 1839 from 27a.
to 245. per cwt., produced in 1829 4,896,2421., and in 1837,
4,760,5651. French Wine, reduced in 1631 from 7s. 3d. to
ss. 6d. per gallon, produced in 1830, 110,4174, and in 1838,
113,9824

STAMPS.

RESOLUTION INTENDED TO BE PROPOSED IN COMMITTEE OF

WAYS AND MEANS, BY SIR ROBERT PEEL.
That, towards raising the supply granted to her Majesty, in
lieu of the several stamp duti s now payable in Irel nd, there
shall be charged, levied, collected, or pout, upon and in respect
of every deed, writing, or other written or printed instrument,
or in respect of any legacy, or succession is personal estate
upon intestacy, or in respect to any other matter or thing now
liable tc• stamp duty in Ireland, the like amount or rate of stamp
duty as is now payable in Great Britain.