Star.
London, England, 1825-03-01 00:00:00

1,4

as brandy, gin, Hollands, Scotch whiskey, he thought
ev:rything was done to !Nevem this smuggling. It was
well known the labour ing and lower clashes of s-eety
were the great consumers of these liquers,and the ntug-
}piing in them would be entirely destroyed by the reduc-
tion• on British spirits. I.:tete persons ale ays to
cheapness ; and he thought now of those lquors
would be longer drank, all the smogglitz on
them and on brandy would he discs lammed by the
cheapness of Btiti:h spirits. In fact, they had done
mid) by reducing the Duties on British s,,i its and rum
750,000/. He thought, however, that his Majesty
G ,vernment would shortly ptove,by measures contem•
plated for the removal of monop..lies and restrictions
under which our Colonial Islands now lahoured, Elicit
great desire to anteliot ate the condition of these Colonies.
As to the desire of the H.lnourable Meniter for At)er-
deen, for the reductions t'n brandy, m lit, and tobacco,
he would speak oile or two word:—as to the duty on
Fiend) brandy, it rnaveicd very little, it was chiefly,
consumed by Gentlemen, vji r would hive it, though
with a duty 01 l9s. per gallon. But he would put the
matter on a broader and m ie generous principle, and
would say, you should nfl tide a willing horse to death.
If he all at once took off half t;f the m4lt duties, which
would he an enormous'um, together with half of the
duties on tobacco, which would anioitht to 3,090,0001.
would not the House feel son e alarm? Could it be
done? or would it in our pie,ent infant and excel-
le it system be prudent or pi tiper?—(Load cheering.)—
Ile would be glad to see the duties on tobacco lowered
—(Hear, hear)—but it should be done gradually. His
Rieht Hon. Frien !, the Chancellor of the Exchequer,
had found thar,with the maintenance of his 41%11 credit,
it was impossible for him to make these reductions.
However, he would say, there was an increase instead
of a diminution in the consumption of these articles.
The Right Hon. Gentleman said, be highly admit ed the
feelings of the worthy Alderman, on the reduction on
iron, in which he had such interests at stake, and trusted
that others who were as much interested in tin, copper, brass, &c.
would, when he introduced suite measures connected with them,
hive the same good feeling, and follow his good example.
Mr. ELLICE thought, alter the able statement of
• the Chancellor of the Exchequer, it w ould be unfair to
tease him with ptopositicns that could not he carried
into effect without des :urging the finances of the corm-
try. It would be desirous to get rid of the inequality
f duty on spirits distilled in England, Scotland, and
Ireland. He thowc,ht the West India Interest had been
rather hardly dealt sr ith, and he hoped the subject
would be reconsidered. Ile admitted it would be ri•
diculous to keep up the bounty on Sugar. But the
differea rate of duty on sugar front the East and West
Indies, and the Mauritius, had done much mischief.
It had always appeared to him the wisest plan to throw
open the Sugar Trade to the world, without holding
out greater advantages to one Colony than to another.
Mr. WHITMORE said, that there was a bounty of
6c. and not 3.. as stated, upon Sugar; exported from the
ivVe:t Indies. On the subject s,l the wine trade, he
could not help observing. that instead of reducing the duty on
French wine, he thought that the duties on all wines should be
equalized.
Mr. BERNAL wished to know if the Right Hon.
Gentleman expected to benefit the West India interests,
by reducing 4ie duty on runt to Ss. a gallon, while he
reduced the duties on Biitish spirits so far as to be sold
for more titan a third less in 'Nice? lle would also ask
if it wit., fair to keep the war duty of 275. on sugar—a
duty which precluded its being male use of by the poorer classes
throughout the kingdom?
Mi. H. VIVIAN could not avoid expressing the gra-
tification which he telt, on heating the speech of the
Chancellor of the Exchequer.
Sir C. FORBES wished to know nu what principle
the Honourable Gentlentan :educed the duties on wine,
on rum, on iron, and hemp, and yet did not make any reduction
In the duties on the manufactures of cotton and other manufac-
tured articles?
The C HANCELLOR of the EXCHEQUER said, he
was never unwilling to listen to any suggestions that might be made
to him. It must be recollected, that owing to the high price of
corn, the prime cost of British spirits was much greater than the
prime cost of rum, so that the difference of Ss. and es. in the duty
would being the two descriptions of spirits nearly to the same price
to the consumer.
Mr. GORDON expressed himself satisfied with what had fallen
from the Right Honourable Gentleman.
Mr. Alderman WOOD regretted, that instead of reducing the
duty on spirits, the Right Honourable Gentleman had not reduced
the duty on beer, by which reduction the middle and labouring
classes would have been materially benefited.
Mr. W I I.SON differed from his Honourable Friend, and thought
that the Right Honourable Gentleman bad taken a most States-
m.m-like view of the subject.—The Resolutions were then agreed to.
The I louse having resumed, the Report was ordered to be re-
ceived to morrow.
On the motion of the CHANCILLOS of the EXCIIZQUIR, the House,
In Committees on the Customs and Excise Acts, and on the Assessed
• Taxes Acts, came to Resolutions in conformity with the Chancellor
of the Exchequer's propositions.
The Reports to-morrow.—The other Orders of the Day were
disposed t,f ; and at a Quarter past Twelve the House Adjourned.

TIM EVENING STAR

I.ON ZION.

TUESDAY,ITCCH 1, 1825.
TIM FUNDS

STOCK EXCIIANGF., TWELVE O'CLOCE.
Consols opened this morning at 94 to 1, for the Account ; there
is no great deal doing.
The chief conversation on =Change this morning, is respecting
the financial statements of the CseNerttos of the Exonerative,
Which give universal satisfaction.
FOREIGN FUNDS.

Citrient Frlog: Ohl Spank!' 24i 4, Russian 97; 98, Mexican
801 81, Colombian New 912 92, Chilian 891, French Scrip 151 16,
Austrian 951, Ifraziliau Scrip 51 I, Mexican Scrip 31 4, Greek
Scrip a a pron.

PRICE vo-iiay.
Anglo Mexican Minn - 124 Erie;
United 'lexicaii ditto - i-iii irm
Colombian ditto - J 41 42
PAW() Peruvian ditto - 31 35
licazilian ditto - 100 - 5 151 16
Buenos Ayres ditto - - '27 28
Anglo Milan -
- ili
V. ICE OF STOCKS AT ONE O'CLOCK.
!lank Stock 2581 A %
s i,er Cent. Red. 941/4 1/2
511,er Cent. Cons. 93% 7/8 %
31 per Cent. Ited. 1011/4 7/8 "
4 per Cent. New 10614 3/8
Long Ann. 23 5-16
India Stock 2851/2—lndia Bonds 97 96
New Annuities 93%
£l.OOO F x ci,eq. Ilili, 124 .56 67 ;(1 14d.1 .58
£5OO ditto v 214 56 57 ; 1114 d.) 59 56 57
£lOO and £2OO ditto 12d.) 5.6 .57 ; (1 ;!td.) 58 56
Cons. for Acct. 94.t4 94

WA RES.
100
40
100

YA ID.
i 0
10

A ftw years ago, when ElglAnd had to defelid her-
as which thieateised her existence, and to

r protect the rest of Europe from the usurping domina-
tion France, the British nation was called on to make
great sac: ifices, and to rake those immense sums for the
services of the Sate, which the resources of no other
country could yield. Then it was, that although these
sacrifices were made. cheerfully, yet an approaching
Budget was lookei to with some uneasiness, and a dread
that it would necessarily impose new taxes in order to
meet the public expenditure. Happily, those days are
past—peace has come, with its attendant blessing plenty;
our commerce is rapidly extending—agriculture flou-
rishes, and our revenue, notwithstanding the great re-
ductions in the taxes, is constantly improving. Now,
so far are we from looking forward to the Budget with
dread, we hail it with pleasure, as theharbinger of good,
and as the official annunciation of a further reduction in
the taxes. Such was the universal feeling which per-
vaded the public, when, last night, the CHANCELLOR of
the EXCHEQUER developed, with singular eloquence
and ability, the financial state and prospects of the
Country. A. more gratifying, or a more clear and ex-
plicit-view of the flourishing condition of the country,
was never made by any Minister in any country.
Nor is our prosperity of a fleeting or temporary cha- j
racter ; " it has," as the Right Honourable Gentleman
truly said, " nothing hollow in its foundation, artificial
in its superstructure, or flimsy in its general bearins
and it may be contemplated with unalloyed admiration,
for the harmony of its proportions, and the solidity of
the basis upon which it is founded."
Orr referring to the speech of the CHANCELLOR of
the EXCHEQUER, which is so explicit as to require no
comment, it will be seen that in the ensuing year there
will be a reduction of upwards of a MILLION AND A

HALF sterling. The duties remitted are such as are calcu-
lated to extend our commerce, and relieve—the first and
fittest objects of relief—the middle and humbler classes
of society. We pal ticulaily allude to the repeal of the
v.liole of the House and Window Tax on dwellings under
ten pounds a year rent, and with seven windows or under.
By the repeal of those clutie; alone, a million of persons
will be relieved. The Right Hon. Gentleman aho pro-
posed that the Datics on French Wines should be re-
duced from I Is. sild. per gallon, to 6s. per ditto, and
those on Portugal Wines from 7s. 7d. per gallon, to 4s.
The Duties onßritish Spirits from 10s. 6d. per gal. to ss.
from Malt, and to 6s. from Grain; that upon Rum from
10s. 6d. per gallon to 8,. and that on Cyder from 30s.
per hogshead to 10i. In addition to this, he would re-
duce the Duties on Hemp and Coffee one half, arid those
on foreign Iron proportionably.
We have no room to dilate on the advantages the
country will derive from these reductions beyond the
immediate relief they must afford. They are calculated
to ensure three important objects:—First, to extend
our commerce, &c.—Secondly, to carry farther the mea-
sures to put an end to the 66 montrousl evil," the
" giant," of smuggling—and Third, to afford relief
from direct taxation, which the Ministers are most de-
sirous of effecting, if not driven from greater objects.
Nor is it merely the circumstance of reduction ; it is

the liberal principles on which Government is anxious
to place our commercial relations with foreign Powers,
setting them an example of free trade, aad ready to re-
move all prohibitory duties which limit or retard the
intercourse of nations.

The Right Honourable Gentleman, in the course of
his luminous and highly gratifying speech, was fre-
queenly interrupted by loud and continued cheers from
all parts of the House.
The following is a tabular view of the CHANCELLOR
of the EXCHEQUER'S statement as to the Income and Ex-
penditure, and Reductions :

OP THE INCOME AND EXPENDITURE OP THE COUNTRY
DURING THE THREE NEXT YEARS.

INCOME.

Customs
Excise
&amps
Taxes
l'ost Office
Miscellaneous

Trustees of
Half Pay

Expenditure

Surplus, 11882:5
1826
1827

Total Surplus

Consolidated'
Fund
Inter. of Debt
1)o. Exch. Bills
Civil Lilt. &e.
Ilalf-pay Ann.
Sinking Fund

Supply.
Int. Excb•l3ills
Army
N tvy
Ordnance
Miscellaneous

Produce, I Estimate,
1824.
1825. 1826. I 1827.
•IMINE=•••==,....• 11M1.=./MM••=..
£ae 'CIL
11,350,000 11,400,000.11,730,000
26,400, 26.400 000 26,400,000
7,100.000 7,100,000 7,100,000
59,362,403 4,875,000 4,875.000 4,875,000
1,500,000 1,500,000. 1,500,000
750000 600,000 600,000
------
51,975,000 51,875,0001 52,205,000
-- 4,470,370 4,320,0001 4,155,000
--.--...-- —.......
56,445,370 56,195,000 56,360.000
57,924,659 56,001,842 55,330,324 55,105,224 '
----,--. —..,—.,—..—..-
1,457,744
445,528 • Discontinuance of Sugar
864,676 Bounty, and progressive dimi.
1,254,676 nation of other Bounties.
-----.
4,000,624!
EXPENDITURE.
Actual, Estimatr,
1824. 1825. I 1826. I 1827.
------ ..--.—..—.............---....
x x lic I x
I
97,555'670 27,083,670. 26,933,670
40i000 50,000, 50,000
2,050 000 2,050,000, 2,050,000
2,800,000 2,800,000 2,800,000
5,486,654 5,656,654. 5,786,654
57,924,659
...--...--.
I 37,610,324 37,620,324 37,620,324
820,0001 800,0001 8001000
-- f 7,911,751 7,759,000 7,720,000
I —5,983.126 5,906,000 5,875,000
1,376,641 1,360,000 1,340,000
) I 2,300,900 1,900,000' 1,750,000
—.----. ..—.----...

50,001,842 55,350,324 55,105,324

$ Including a Sum to be paid to Amen ca under Treaty.
$ Including the Training and Clothing of the Militia of Great
•
DUTIES PROPOSED TO BE REPEALED, AND
ESTIMATED ANNUAL LOSS.
Ilestr;—Reduced to td. prr lb. (ball) . •
Corrse—llalf the duty of Is. per lb.
Wit:a—French, Isom 1 is..sid. per gallon to 6s.}
Portuguese front 7a. 74. to 4s.

umollb,--

. £lOO,OOO
. 150,000
. 250,000

• 11 :elf in a aa