The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-04-19 00:00:00

THE BUDGET.

The CHANCELLOR of the'ExclieQuEß rose at thirty
four minutes past five o'clock, to make his financial
statement for the year. He estimated the receipts of the
year at £52,990,000, and the expenditure at £52,183,000,
leaving a surplus for the year of £807,000. He defended
the original imposition of the Income-tax, and stated
that the Government were not disposed to abandon that
mode of taxation. By this fiscal resource, England wag
enabled to raise an army which had, and might agai.er
defy the world. In his opinion, the land paid ninepenre
in the pound, and trade sevenpence at the present time'
He then instanced several cases to support this assertion.
Having, at great length, reviewed the state of the Income'
tax as at present, Mr. Gladstone proposed to extend the
principle of composition to trades as well as incomes. The
right hon. gentleman then proposed to renew the Income'
tax for two years, from April, 1353, at 7d. in the pound; for
two more years, from April 1855, at 6d. in the pound; and
for three more years—(loud laughter)—from April 1857,
at sd. in the pound ; under these circumstances the in.
come tax would cease in 1860. He proposed, however,
that incomes between £lOO and £l5O a year should pal
only sd. in the pound for the whole seven years.
Government did not see any reason why, foe the remain,
der of the term of the Income-tax, it should not be levied
in Ireland. He also proposed to tax Rateable Property iii
all cases, upon life interest only. He proposed to reduce the
duties upon the Stamps on Assurance from 2s. 6d. to 6d.
with respect to receipts. The Attorneys' Certificate Duty
would be reduced from twelve pounds and eight pounds
to nine pounds and six pounds, and the articles of elerk•
ship from one hundred and twenty pounds to eighty
pounds. With respect to the Duty on Advertisements,
he proposed to reduce that tax from ls. 6d. to 6d. (Oh !
oh !) He proposed to tax Scottish Spirits an additional
shilling a gallon, and Irish Bd. a gallon. With respect
to English Spirits, he did not propose to interfere
with them. He also proposed that, from the 29th of last
September, the whole of the Consolidated Annuities
should be wiped away, and all sums paid since that time
reimbursed. (Hear, hear.) With respect to the Soap
Duties, he proposed to take the duty off that article from
the sth of next July, the loss of which would be to the
revenue £771,000. He then called the attention of the
house to the assessed taxesrand proposed reductions upon
Carriages, Horses, and Servants. No alteration would,.
however, be made in the Wine duties. The duty upon Teg
would be reduced from 2s. 2d. to Is. 10d. for the first year ;
after that it would be reduced to is. 6d. for another year:
and to Is. in the third year. It was also proposed to reduce
the duties upon Cheese, Bacon,. Oranges, and Lemons,
Raisins and other articles, imported into England, and
the loss to the Customs upon these articles would be
£658,000. The total remission of taxes amounted
to £2,368;000. This involved a loss to the revenue
of £1,656,000, but the result of the proposed sys-
tem throughout all the years to be affected would be e
gross remission of £5,384,000. The object had been to
increase the power of consumption, and place the stability
of our financial system upon such a basis as would enable
the Parliament of 1860 to dispense with the income-tax,
then to expire; for the six millions of income-tax might
then be set against a new income of £5;959,000. Govern-
ment had new redeemed its pledge of showing how
that tax might be done away with. He concluded S
speech nearly five hours in length by an eloquent perora..
tion, in vindication of the objects of the Administration
and of the means by which it had sought to achieve them.
In reply to a question from Mr. Disraeli,.

The CHANCELLOR of the EXCHEQUER said he should
take the resolutions on the Income Tax first,. then those
relative to the Lagacy Duty, and lastly those relative to
the Spirit Duties.
Mr. HuasE approved of the general schema-of Govern-
ment, but dissented from the lengthened continuance of
the Tncome Tax.

Mr. E. BALL considered the plan of the-right hoil.
gentleman would give no relief whatever to the poor, but
would only benefit classes who did not require relief.
After a short conversation, the resolutions -were read,
and ordered to be reported.
The Speaker said he had received a letter from the
Agent to the Petitioners, complaining of an undue return
for Hereford, stating that it was not their intentiOn to
proceed with the petition.

Upon the third reading of the Combination of Work-
men's Bill, the House divided, when there appeared for
the third reading Z 7.; against, 70; majority, 13.
The House adjourned at twenty minutes past 11.

TATTERSALL'S—Tins DAY.
Two THOUSAND GUINEAS STAKES.-7 to• 4 • agst West
Australian ; 7 to 2 agst Orinoco ; 8 to 1 agst Barbatus ; 10 to 1
agst Sittingbourne.
CHESTER CUP.-25 to agst Richmond ; 25 to 1 'agst PeggY;
20 to 1 agst St, Michael; 50 to 1 agst Sutler.
DERBY.-7 to 1 :tot West Australian ;'S tot agst Honey-
wood; 10 to I agst Orestes; 20 to 1 agst Sittingbourne; 20 to 1
agst Umbriel ; 20 to ,1 agst Orinoco, taken; 20 to 1 agst CineaS;
20 to 1 agst Ninnyhammer ; 30 to 1 agst Reivar; 30 to 1 agst
Brocket.

COVENTRY RACES.
HANDlCAP.—Sieeping Partner, 1 ; Jack Leming,. 2.

THX CIIAMPZONSHAP.—Broome won the. Championship
Fight in two hours and fifteen minutes.

FUNDS, STOCK, AND SHARE MARKET.
The English Market improved in the aftersoon, and closed
with a healthy appearance. Railway Shares were dull in the
forenoon, but influenced by Consols closed generally a shade
firmer. Grand Trunks of Canada, 1* pm. Gold Mines fairly
supported, and in some instances better. Land descriptiong
much depressed. Bank Shares quiet. The foreign Market iS
generally firm; Mexicans good.
PRICES.

CLOSING
Consols, Account,— l 1001 1
Do. Money.... I 100 2
Three&QrperCents— 103} t

Bank Stock 9Sf 6f
Exclieq. Bills, L. a.s a 9pm

FOREIGI,
Mexicans.

STOCKS.
Spanish Passives 5
Turkish .
Swedish 2 lidiS

Do. Threes .....
Spanish Deferred .... 24
Do. Threes. 4B
RAILWAY

SHARES.

Amberg.,Nottingham,

and k.Junction
Bristol and Exeter —
Caledonian, ......
Do. Preference lO6 8
East Anglian
Eastern Counties
East Lancashire
Eastern Union A
Ditto Band C
Edinburgh & Glasgow
Great Northern B2* 3*
Do.
Do.
Great Western
Lane.and Yorkshire. 762 7*
Do. Fifths
Leeds Northern 15216*
London, Brighton, and
South Coast lO4 5
MINING
14

London &N. Western 119120
London S. Western 901 11.
Manches., Sheff., and
Lincolnshire. •• • 291 30&
Midland Stock
North British 35 6
Do. Preference 109 11
Norfolks-- _

North Staffordshire 4/
Shrewsbury and Bir-
mingham
Do. L. &_N. W. guar —
S. Eastern and Dover 75/ 6}
York, Newcastle, and
Berwick . 69 70
Do. Extension
Do. Preference

Ycrk and, N. Midland 59 60
Do. Preference par

Novoau Monde
Agua Fria
Cordeliera
Ave Maria
Carson's Creek
Port Philip par

SNARES.
Nugget
B. Australian
Freehold
Australasian
Colonial
Mariposa
BARBS.
Peel River
south Australian 0 51
British America B2 9

LAND:
Australian Agricultural 85 a
S. Australian Invest.
Van Diemen's 22 1.

CORN MARKET.
Barley,
Oats Beans, and
We have a small show, of English Wheat. Trol opened
steadily, but no advance has occurred. Flour brought former
are
Peas, in scanty supply, and quite
• but tradedear.is scarce:
terms ; but barrelled Flour_ slow
dealers are restricted purchasers , is firm at late
rates. Linseed and Rape declining.
of
a a sate.
English. Irish. Foreign.
Wheat 2554 9439
Barley ll2l 5703
Oats 9352 5014 1110
Malt 12122
Beans
Peas 152
Flour • 2633 700 aks &
11076 brls.
PRODUCE MARKET.
Sugar—Foreign : Few buyers for export, awl former rates
are not obtained. Refined : Home dealers are little inclined
to operate; Brown Lumps, 455. to 455. &I. Coffee: Prices
are unaltered, but there is little doing. Tea firm, but the
demand small ; ordinary sound Congou, Nod. Rice : East
India is rather more in demand at previous prices. Cotton:
Fair business at former terms. Tallow is in good demand; fine
Y.C., 455. 9d. to 465. on the spot. The stock is 28,627 casks
against 42,914 ; deliveries, 2,112 against 1,055 last year.

CATTLE MARKET.
Beasts sold at advanced prices. Sheep and Lambs in demand
at Friday's quotations, Calves unaltered.
Beef 3s 4d to 3s 8d Veal
Mutton..... 38 8d to 5s 6d I Pork
Lambs, ss. Bd. to 6s. 10d.
Beasts
Sheep and Lambs 20460 I Pigs .
A RRIVALS.
Norfolk and Suffolk Beasts 2lOO
Cambridge, Leicester, Lincoln, and North-
ampton Beasts
Scotch Beasts 403
Holland Beasts.
Do. Sheep
Do. Calves —
Spanish Sheep

MANCHESTER STOCK EXCHANGE.
Eastern Counties, 13 5-16; Lancashire and Yorkshire, 771 4!
Ditto Preference, 15 3-16; Lancaster and Preston, .18# pro• !
Midland, 754 ; Manchester, Sheffield, and Lincolnshire, 30
London and North-Western Quarters, i pm. South-Eastern
and Dover, 221; West-Riding Union, 3i dis.

LEEDS STOCK EXCHANGE.
Walton and Driffield Junction, 8i; Lancashire and York•
shire, 77.
GLASGOW PIG IRON MARKET.
The market is quiet for mixed numbers. Warrants at 335. Fd'

LIVERPOOL:
TUESDAY, APRIL 19, 1853.

PRINTED AND PUBLISHED
EVERY TUESDAY MORNING,
BY THE PROPRIETOR, ROBERT PEARSON THACKER,
OF No. 7, 'PERCY-STREET, AT THE
STANDARD GENERAL PRINTING OFFICE
No, 4, Sr. GEORGE'S CRESCENT, I.IYONQI/A