Star.
London, England, 1815-02-08 00:00:00

TIM PkOiOERTT ilatt

A. • -49n1:141: :'..2
The.followhilslvelieitthrtsfileinilla‘tunitionvreln:
tite to ignmsllllolilSAindititist:.Ptetierty Tax, ts a.
traded front dui/rigid:Aim/ ...• , • -
rt Very ronsideltabieminspprehenfion liavinglately
arises relative to the.:stentitlMCSiolt of the Property
Tax Act, far as. ORASPS Ike Shipping Interest,
we are happy to be eoabigdw throo;h the medium of
our re3pected Member, Mr. Davis, who has been
pArticularly alive to the interests of his constituents,
to give publicity to the. following information; by
which it appears, dint neon application to the Tres.
jury, relief will be-alinsited in all cases where the in.
Z:vidtial is assessed to wire than 10 per cent. upon
the average profits of the *hole of his concerts;
arta it will be particularly gratifying to the public to
learn that a li mit is fixed to any revision of returns
already made.
Treastity Cheatham, January so, isis,
Gerersibisw—l xis oanunandad by the Lords Commie.
sinners of his Majesty's Treasury to acquaint you, that, upon no
attentive perusal of the Papers submitted by you to their Lori.
ships, in respect to the mods of Assessing the Prato of Shigid
ping is the Port of Wheel, it appears to my Lee* that Idea
taken apprehensions have prevailed at Ritual, hi respect 1m the
consequences to follow from the mode of esseamitsed thateasiot
for by the Inspectors and Surveyors of Takes. •
L. The clear intention of the Legislator. iesg* ag
provisions sod clauses of the Property Tax A•• ggisalist.
chants should pay, for the exigendee of the SWIM >lb par mt.
their net profits, and no more. lf, thaiwillwa, a imealmat pow
sewed of four or mere ships should be *made plea apod one
or more adventures, and a loser upon the others, the 1044_11101
in justice be deducted from the gain, and the nemethmat kir
wads of ids profits be regulated aceolVsna,
s inerthest engaged in the commerce —lea in
pang meedlandiee, the profit or lora. sada setbueos
would be to be deducted from the othar,, whearinto‘t
be the net pin of both, the proportion of
ibM share `which such merchant would be sops thief r.
the Ciovernmenr.
" This explanation wig U once semenasitillebeeded eMIW
pensions of any oppression Irma the camtlap st eke Surveyors •
and Inspectors of 'fares, and sedefy the rdleeit that Dodds;
more is sought forthan the fair return of die omits of his trots.
Tsii,juir object it has appeared to the Commissioners of Tries,
taw Lords concur in that opinion, timid be mar • '
womplished by a strict millesimal to the principle. anis •
isgai by the judgment of the Court of P.x.thnster, I=,
that etch managing husband of every ship shOuld be dm
with the Income Tax upon the whole Oran of 'ads ship ; leer
-
Mg to the parties interested, and who may be concerned in other
ships or in general merthatathze, the final eQuentens, upon due
proof, before the Commisslossers of the dittrict, of their yearly
pnlit bi loss 4pon the *hole at their kineersis,
" But hi earn ;fill forinelPie-iitto'enesiden with persons
who may have been ship-owners is preceding years, my Lords
mribead *at' lIK-,444,04iA*4 illimingmeelitads, V she
law should iww_ke •
it-IP_tacirr„.l a. •
u Whatever sieley *a arm's, obi usual term
file making snows it 'Multi appal* is net attributable th
the:shipasizen, but: id am impression 601114 Which the Commis-
rollers of tbedistrim ggoks; to have acted, ef the real cow
3:ruction of *law. Tiereioreembils my Lards ambitaia that
ctintriamt prehauked ilk Court of Exclieaser to be the
me and legal ememenien, Viet Opinion that it WM not
be expedient to amid the blond the rth of Apra.
isis, Is ihkgssis shipitiposteriddivio swum otitulit Ms
been nsade flplillyrbar4temparli of profit his
•.is .
ist isF
64 •

•
ARStailitliiiit Arnim";AßT*. 0411-,
. itimmvointom:amiwadi. adievakeftit;:o.:,
7.:it:+4afsh.
It tifbot ow* ta.bied tl*-#14"02&0011*
holiirei etNMI.
there ulitth doll .of the Ilielleektiqt Or .htiiiisteirs to
abandon a uside tameiois Wilds nothing but 114
peculiar circumstamie- of the timer could have justi-
fied; bet the digitally With these en this suirjoct is
how to produce an otsivaltnt for the public necessi-
ties. In this, however, we see do insuperible.diffi-
calm We believe we were the first totuombettodi
on a former nipper. the eapopeilaion of *part of
the Sinking Fund to the nisamiirs of the State. The
measure was adoptedsond wiihoit producing any Ode
of the numerous evils *hid! shallow politicians pre-
dicted. There can be no necessity why recourse should
not be had to the same purse at-the puma indolent.
It is absurd to contend that the whole burthen of the
late war should be borne by the present generation.
By the patience, perseverance, true patriotism, and
personal sacrifices of the very individuals Sank have
rioted the Sinking Farad, the presestly existing sub-
jects of the realm, not only the laws, constitution,
privileges, and independenio, but the entire property
of the eduntry, have been saved, to be transmitted to
pOrity: let posterity then bear a part of the ea-
mee,_ No sound•reason can be limit why the pre.
sent 104.enas of the public estate for sone of ovate
aft/T thing else) should, for the enjoyment of so short
a ter*, be at the entire expense bf repairs and reb
dernption..ln another point of viewo It is highly ex-
pedient, at the present moment, that the Protittalit
powers of money should be cramped as little as po
sible by unnecessary tazatioa. We have now no
powerful rivals to contend with in emumeice. P&L
fits left in the hands of those -who have ite4r)iied
them become capital, and produce new prrofits. This
doctrine is well understood by political econirmluse
and there can be no reason why it should not be al-
lowed to operate practically in the present crisis to its
utmost extent. By any other system the country
will brkept in such a state of debility, that in the
event of a new war (a possibility which should al-
ways be contemplated by prudent summon). she
wilt be absolutely without essohices for a vigorous
maintenance of bee rights and dignity.
Ministers have noshing to fear how the croakings
of Stockjobbers. Theta Is sense enough in tbsi conts-
try to see the folly of accumulating a fund for re-
demption, at the expanse of he vigour of thee...
munity, which ahooli.ho freed ea much as possible,
now that IN enjoy peace.litas the operation of every
cause ealsolated to reassilliats eaerilee. -'"
r.v.,4•444:14ei;; , -Cr 10:
- ' . l'';`.1:1 • 1e54210.10

Jky- dull* I revision
lebtAsotttateeslessisi beyotwis tbi of tete...4 asnGentie•
ow, your obedient sernat, a. LegilitoTow...
"•Totberseben •
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