The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-09-29 00:00:00

TAXATION

" The abolition of all excise duties on domestic produc-
tion and manufactures, and the consequent consolidation
of the Customs and Excise, together with the reduction of
the Coast Guard.

" The admission of colonial wheat, pulse, and flour, at
a statisiical duty of 6d. per quarter, and 6 per barrel.
" The reduction of duty on tea to Is. per lb.
" The reduction of duty on tobacco to Is. per lb.
" The reduction of duty on colonial sugar to ss. per

cwt.
"Ditto on foreign ditto, to 103. per cwt."
4. REVENUE COMPENSATION.
" Fixed duty on foreign wheat of ss. per quarter.
" Fixed ditto on other foreign grain and pulse, 2s. 6d.
per ditto.
" Fixed duty on foreign flour, 2s. 6d. per barrel.
" Restoration of the duty on foreign cotton wool to Ss.
per cwt., as an equivalent for the excise on soap.
"The charge for postage to commence at one penny
for a quarter of an ounce, ins'ead of half-an-nunee. to
make up for the loss of exci-e on paper, which has always
been a tax on education and literature."
" REASONS FOR REMOVAL OF EXCISE DUTIES ON

HOME PRODUCTIONS, AND ADJUSTMENT OF REVE

NULL DUTIES

" As long as an Income and Property-tax is imposed,
which, together with the burthen of the Poor Laws, fdls
principally on the landed proprietors and agriculturists,
foreign imports, competing with our domestic productions,
cannot be admitted without paying a revenue duty.
" The reduction of duty on tea, tobacco, and sugar,
would not eventually yield less revenue, owing to the in-
creased consumption, whilst the comforts of the p.or
would be greatly enhanced, and our co rmerce extended,
especially with China, and the inducement to smuggle
put an end to.
. _

"The loss of revenue on the Excise duties would be
compensated for by the duty on foreign wheat, pulse,
flour, and cotton wool, toge!her' with an increase in the
Post office revenue, which would he equivalent to the loss
of the Excise on paper, to which would be added the
enormous saving in the expense of the collection in the
Facii Duties, as well as in the reduction of the Coast
Guard establishment.
" Since 1842 nearly five millions sterling of duties on
foreign imports have been reduced for the chief benefit of
the manufacturers, while the Excise Duties have been re-
tained, and the Income and Property Tax imposed; five
millions having been taken off, and five millions laid on
without any benefit to the poor man.

" The proposed revenue duty on wheat would be about
ten per cent. ; on Colonial sugar, about fi'teen per cent. ;
and on Foreign, thirty per cent. ; making an average of
twenty-two-and-a•half per cent., whilst the present duties
are respectively about forty-five per cent., and seventy
per cent."

FINANCIAL

L, SUMMARY OF THE WEEK.

SATURDAY

The Spanish marriage question has had a further effect
in depressing our Consols. The panic felt on the Paris
Bourse has had a sympathetic effr-ct here, and al,irm has
been experienced to some extent lest the question, how-
ever it may be settled, should interrupt the present cordial
relations between France nd England. 'We (says the
Bri'annia) do not participate in that alarm in any way,
and we fancy that the depression arising from that cause
will very speedily be removed. Another source of uneasi-
ness is the continued prospect of Irish scarcity. Under
this apprehet,sion, and the certainty that no very large
quantities of wheat can now be received this year, the
prices of grain are rising. and will probably continue to
do so steadily for some time to come
• Consols, which close(

last week at 95i for money, and
951 for account, receded a step on Nlmlay, and were
done at 954 to !or money, and 95i to for account.
Some Hebies,s csme in to purchase litavily at that tate,
and the market partially rallied, but no perma.sent im-
provement could he established. On Tuesday extensive
sales were niade at 95i for money, aed on Wednesday the
market again opened heavily at 95# to for money, and
95A to I for account. There was no varia,ion on Thurs-
day, some eff .rts being made to maintain pi ices, hut to-
ward.; the close of the market yesterday afternoon the
market because heavy, and Consols tell back to 95k to