Star.
London, England, 1831-02-12 00:00:00

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the right construction; but in no ease had be ever heard of in besot
tax Wog urged as an Infringement upon the public creditor. Be did
not believe that if t measures would pass, it would prevent my one
becoming a public
Mr. E. SUGDEN eitrprised that the noble lord should have nu.
sacked the PerifollifaNST imports, and should have selected for his pre-
ardent the only Miff askliffht Mr. Pitt bad ever committed. (Cries of
no no.) He weelkillello it be he sat down. It was nothing
be; as ustjeet, teak wed illegal tax--(beer, bear, hear)—one
whiff' maid eisfialy break faith with the pubis meals& The only
pawl Bea Me. Pitt had was, that be was mist Illell as tax all pro-
Blelff he men mist let these eseape. The Ben. Member, at great ,
MINA lahe as ienslivelle• of the Acts, .I opfil, that he ow 1
Os
bed ors of the vielethod MY Acts of Par. 11
Ms
bed ome both by His rest rthelethseary tribune";
=Ms in the Bet Sidi that no duty übstever was to be
tax enthststamplany
whissriin tray tredithrwoula
three( stoat.
meal. He could MA meta
pacominiveent
on the weir of fuelled preview weld pug an end to the
syslmn by which our credit had hitherto stood higher then that of any
other Nation, and which had attracted to this country all the surplus
capital of the defined world. They might mesh the effect of the pro.
position by what would occur tomorrow in the City. ibere were none
with money in the hods who would not in consequence experience con.
siderable losses.—( Hear.)
Mr. WARBURTON approved of the augamoted tax on the export
of coals; the produce of the Newcastle mime Pohl not, it appeared, last
longer than four or five hundred years. (A laugh.) He approved of the
reduction of the glass duty ; the consequence of the present high duty
had been that the foreign optical instruments were superior to ours.
(Hear.) With respect to cotton, he regretted that three-fourths of
the duty should be taken away from the Treasury by the drawback ; he I
should prefer a much smaller duty on the manufacture, both for
foreign tad domino use, with no drawback. He regretted the tax on I
sisem.bosts, as it fell on an infant branch, and impeded communica- I
den. With rest to the greet question, the tax on the transfer of
foals, he regretted it. Besides the consideration of public faith, the tax
hi beerier on the funded property than on the real property, the
1 Yeah of the former being much greater than those of the latter.—
(,hum) I
Mr. ROBINSON dem% cited the fund transfer tax, as taking away
Bo National credit. The timber tax was unfair, in regard to Canada,
Wheelies changes which would result from the Colonial Trade Bill were
as pet minterra ; it was injurious to our shipping, foreign timber being
besught in foreign, and that of Canada in British ships. With respect
se the general reduction of taxation, it really amounted to only 300,9001.
'or 41M,MMIL it was much below expectation.
Cialimel TYRRELL had expected some diminution in the malt duty.
AZtan agriculturist he should oppose the transfer of fund tax, as
g the circulation of the one thing needful (a laugh), and as de-
structive of the national credit. On the whole, the noble lord's finan-
dal statement would be considered as a great failure.
Lord MORPETH considered the statement of that evening as
very creditable to Government, and also satisfactory to the commu-
nity. A war cry had been raised on the other side of the house,
taw the imposing names of spoliation and the violation of the =-
shad faith. He was not acquainted with the acts of parliament
bearing on the subject, (Hear, hear,) but be trusted that the
opinion he was about to give would not be inconsistent with that adults-
dm He would only say that the declaration he had heard, however
&game and however appropriate, if founded on strict law, did not gain
its purpose if a grader difference was not made out between the taxing
of property itself h and out of the pocket, and the taxing of its trans-
fer. He did not see why, when every other interest was taxed and de.
, the funded interest should alone be exempt from burden. On
policy of the measure, being unacquainted with the subject, be was
not very qualified to speak. The repeal of the tax on sea-borne coal—
the most prominent reduction in the budget--he approved of as being
the repsd of a partial and very severe tax. (Hear, bear, hear.)—
With respect to the repeal of the tax on printed calicoes. he had
always considered it as most objectionable on account of its pres-
sure on general industry—its exposure to fraud and its compa-
rative unproductiveness to the revenue. (Hear, bear.) He rejoiced
at the r duction of the tax on newspapers and advertisements, as
relating to a subject in which he had always taken a great inte-
rest. He should conclude with one word on the general behaviour of
Government. Some disappointment had been felt with respect to
the Civil List, that no further reduction had been made. lie would only
say that where ministers hail refrained from reduction, it had been from
a strict sense of justice sod of delicac and where they had made redly,-
Igloos it had been at the expense of their own By following
these ways—the way of honour—they might not sati all expectations,
nor meet with all the popularity which, by other means, they might have
acquired; but they would obtain the approbation of the impartial, the
confidence of the wise, and, In the long run. he was confident all thereat
would be added unto them.—(Hear, hear.)
Mr. EVANS said a few words.
lUD. W. HARVEY said, than if the tax on the transfer of funds
We misted on principle, they must forego all expectations of relief '
Sens a tax on property. The Act of Parliament applied as much
against an income tax as against the tax now proposed. He did not
any panic. His only rwet was, that to the present tax of
=don amt
transfer of fonds, that had not been substituted a p-
uma property tax to the extent of several millions.
Mr. H. SUMNER said that the repeal of the duty on sea-bane coals
would be of greater advantage to the lower elegies than could have been
that of any other tax whatever.
Mr. BENET said the fundholders, having been benefitted by the
change in the currency to an extent of more than 30 per cent. in their
capital, could esesplein with no justice of the imposition of a tax of one
per osnt.e• the treader of funds. He entirely approved of the taxes
which the noble lord bad selected for reduction.
Mr. HUNT said that three parties had addressed the house—the
law, the hied, end the moneyed interest. He was the representative of
the people—(aies of oh loh 1) and not of any particular party—it I
was Ids duty to protect the interest of all parties. With respect to the'
fineacial statement of the noble lord, as far as the taking off of taxes
went—(a laugh) -he was thankful for it on the part of the people.—
He would have wished that foe the reduction of the tax as tobecese, the
asibidea eta tax on some necessary of life, each as seep, bed bum
sabadethed. The use of tobacco wee the use of the mhos of a die.
weed. (Mach laughter.) The second redacties had met with
Clagaippeolneisa tithe whole house, and it would meet with that of the
sense the reduction of the newspaper tax. With respect
IP:Sb taxe on emborne coal, it was almost a disgrace that a tax en
snob a necessary of life should have remained so long. (Hear, beez.)—
iloerever, if Government did not do away with the meter system, and
the in the :city, t present meaaure would be attended With
He concurred with the right hoh. best. that the partial
IBMS off of a duty was an advantage of which the dealer and menu.
theturer alone reaped the benefit; but that was Dot 'the case when there
was a total repeal. In oue instance only, that of leather, a total repeal
bed not been accompanied with a sensible dimination of price. But the
reason was, that on account of the troubled state of South America at
the time, there was a great deficiency in the import of skins.
(Hear, hear, hear.) In every other case the benefit of the public
had been great. The partial reduction of the salt.tax, for insratice,
was little felt; but when the tax was wholly repealed, the relief
bed been great. With respect to the repeal of the tax on printed
dimes, the whole country must rejoice at that, because the duty
pressed much more heavily on the poor than on the rich. He regret-
ted the Chancellor of the Exchequer found it necessary to lay a duty of
a peony in the pound on cotton. If the duty was to be the same on
low.peiced and on high-priced cotton, that was legislating against the
poor. (Hear.) All, however, must be aware that no considerable sum
could be raised by a tax that only affected a few. The Chancellor of
the Exchequer had certainly come forward clearly and explicitly, and
he had no doubt his plans were formed with a view to benefit the coun-
try. (Hear.) The Government had taken the reins under three pledges
to the people—teductioa of expense ; reform of Parliament ; and non-
interference with foreign powers. Great expectations had been formed
by the country of their performances, and he hoped they would not
be disappointed. He had heard with great delight the speech of
the honourable bareeet, which was so complete, that every one
since only wakened his argument. The only error Government com-
mitted was in pressing to relieve the country and keep what they called
national faith, which was impossible. He could tell them what they
called national faith, out of doors wee called national robbery and de-
lusion, and he concurred in that opinion. He would al to the late
of State, and the late Chancellor of the Exchequer, whether
B:yeella not made an alteration in the currency ; by whic be who had
purchased in the funds at the price of one sack of wheat. received from
the people the of two sacks of wheat. The Right Hon. Batt. said
be had never ed his opinion on national faith, and that Govern-
ment had always preserved it; but in 1707 an order of Council was
passed, by which every man who could before, for a pound-note and a
sh, get a guinea at the Bank, could get settling but 1 promise to
payling for I promise to psy.—(Hear.)—An act was passed to make that
Oda in Council law, which provided that in six months after the peace
the bits of paper should again be paid in gold: was that done ? It was
not; end was not that a violation of national faith ? Might they not
cell every set that repealed another act a violation of national faith?
He repesemssil working people in that house, and if not heard there, or
ass Ws lit Nader service to the people who sent him there, he should
make Ms bow, and retire. He was bred up in the Burdett school—(A
=) He bad heard the hon. bament give descriptions of that house,
It might be disorder" to repesi—hs supposed he was nos disor-
thdy--(lfeer.) He would have gnat pleasure is telling his cooed.
mutts, when be met them, that he bad received fair play in that house
fi2eseii,t&libleileria.,..heaaradso bon. memberyi of t,haallarouase cam.)
Ilit—tW. MIN* Ist Isiversessahlre. bed made an eloquent
be might ides tacks *mistake. It happened to him in the
Zti4ot =hg's Snob that be had to segue for a rule, whit k was
=sedd =amid Chuttomn,precle!er
asberheetwastbst Hou
bandingl
upTh
to
~eldabadthe ONO be (Mr. ) it and read it all through. Be this
As
bawds' it tab telliel the thm on that psatudent he rimed hie'
true. Mr. ~SS Bayley mid it, said to the Learned Gentle.'
man by whom he was ort=sm, but hive the rte. He Was glad
to meet the Learned in a different situation in that

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