The Sun.
London, England, 1842-10-12 00:00:00

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LONDON
WEDNESDAY MORNING. OCTOBER 12, 1842.

A more attentive consideration of the Revenue
tables than we could yesterday bestow on them,
has brought us to the conclusion that they in-
dicate a far worse condition of the revenue and
the people than we were at first inclined to be-
lieve. For three months all Sir ROBERT PEEL'S
measures for the relief of trade, with the excep-
tion of the alteration of the timber duties, have
been in full operation, the tariff having become
law somewhere about the commencement of the
quarte". His policy has been peculiarly favoured
by an early and a comparatively abundant har-
vest, which, defeating the aims of the speculators
in grain, compelled them to enter upwards of
two million quarters of corn at an Ss. duty, and
threw into the Exchequer an unexpected item of
nearly a million sterling. The whole amount of
duties on corn last year was 525,000/. The sea-
son, too, has been particularly favourable for the
importation of cattle, and more business has pro-
bably been done tinder the new tariff this
quarter, than will be done in either of the two
following quarters. New taxes have been in
full operation for half, a year—except the In-
come-tax—and during the last three months we
have had the full effect of the Tariff; the revenue
tells with what 'results.
Our readers cannot have forgotten that Sir
ROBERT PEEL carried into effect a great many
financial alterations, unsettling a number of
things, promising some improvement to all
classes, and producing great confusion and per-
plexity. These changes included the reduction
and the augmentation of several articles of taxa-
tion ; and to have a correct view of the present
condition of the revenue,
reader of what thoset
changews wemust remind the
ere.
timber Excluding the duties, which do notf
affect this quarter, the chief reductions of taxa-
tion were, on various smalle
bY Sir R. PEST,estimated. articles of the tariff,
at 271•0,000/. on the
whole year; on coffee, 170000' ; on British
manufactures exported, 100 000/
, .; the reduction
of the duties on stage coaches, 70,000 L—total,
010,000/. The whole of these, except the last,
arc Customs duties, and, coming into operar
dii
at the very beginning of this quarter, they should
have caused a reduction in the Customs
of
110,0001. But, owing to the million sterling levied
On the people's food, the Customs show an, in.

crease ,r in 000/. on the year, and 206,000/, on
the quarter. It is plain, from the increase on
the quarter, in which reductions Dave been madt
far exceeding the increase for the year, that but
for the bread tax the Customs' duties would
have exhibited a great deficiency.
The increase of taxation was in other articles.
datios on spirits in Ireland iras increased ls.
a gallon, which was estimated to yield 250,000/.
a year; the duties on stamps were equalised
the two countries, and from that Sir R. PEEL
expected to gain 160,000/. ; and the duties on tilt
exports of coals, as finally settled at 2s. per ton,
lie calculated at 100,000/.---total, 510,000/. Ex-
cept the last, which is a Customs' duty, these be-
. •••Tong to the Extcise.anilttzmps. The increase
in
the spirit duties, which came into
operation, should have caused an augmentation
of the Excite duties in the year to the extent of
1.2.,,,,A;(1., and on the quarter of 62,500/.; whereas
t7,e f tiling off is, on the year, 733,4481., and on
The real falling off in the quarter, 434,8811.