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

PROTECTIONIST POLICY.

The Morning Post of Friday gives the following propo-
sitions as the ground-work of a system of Peotectionist
policy, an instalment towards rebating the assertion so
frequently made against the partv that theirs is a policy
neither intelligible nor distinctly defined. The authority
on which the declaration is given is not named, but it
certainly seems like an embodiment of principles such as
Protectionists, as a body, might support ; and, without
pledging ourselves to an entire satisfaction witb all its
details; we have no hesitation in pronouncing it much
more English than th- policy of the present government,
and much better calculated to ameliorate and improve the
condition of every class of the community, save those
who prey like harpies upon the rest •

DECLARATION OF CONSERVATIVE POLICY. FOR THE

ESTADLISHMENT OF FAIR TRADE AND EQUITABLE

TAX Al rjN

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 statistical duty of 6d. per quarter, and 6 per barrel.
" The reduction of duty on tea to Is. per lb.
" The reductiqn 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."
REVENUE COMPENSATION.

" Fixed duty on foreign wheat of si. per qparter.
" 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 Bs.
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-ounce. to
make up for the loss of exci-e on paper. which has always
been a tam on education and literature."

REASONS FOR REMOVAL OF EXCISE DUTIES ON
',tome PBOOILIOTIONs, AND ADJUBTMEhF• 8./ILVE-

" As long as an Income and Property-tax. is imposed,
which, together with the burthen of the Poor Laws, falls
principally on the landed proprietors and agriculturists,
foreign imports, competing with our domestic productions,
cannot be aduated without paying a revenue duty.
"The reduvion of duty on tea, tobacco, and sugar,
would not eventually yield less revenue. owing to the in-
creased consumption, whilst the comforts of the poor
would he 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. together with an increase in the
Post•oflice revenue, which would be 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
Excis • Duties, as welt 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 token off, and five millions laid on

without any ben. fit 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 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 effect here, and alarm 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
Britannia) do not participate in that alarm in any way,
and we fancy that the depression arising from that cause
will very speedily be ren.oved. Another source of uneasi-
ness is the continued prospect of Irish scarcity.. Under
this apprehension, 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.
C ts, which ch- d r t kat 933 r-

...xsed last wee ~o-4 tor money, and
951 for account, receded a step on Monday, and were
done at 954 to tor money, and 951 to for account
Some Hebtev.s cime in to purchase

heavily at that rate,

ay eater.

sales were made at 95.4 for money, and on Wednesday the
market again °pent(' heavily at 951 to for money, and
954 to for account. There was nu variation on Thurs-
._

fternnon the
and Consol3 fell. back to 951 to 1
/ to / for the account.

market became heavy,

for money, am

I!:xchequer

11avt•, t een PI
fallen : it

4q. ;
258 to

has slightl

Money is plentiful on good securities, yet on inferior

In foreign securities a decline has been- felt..
Spanish Stock is a little lower, though not much. The
Five per Cents. were yesterday done at 25t. Mexican
have receded to 241 to 25, from whence it would seem
thvt the last American news has bad an unfavourable

effect on this stock. Portuguese Four ptr Cent_
done at 404- to I. Belg'an and Dutch Stock are steady ,
the Four-sod-a-Half per Cents, of the former we note at

at '3llO
The Share Market has been more languid this week

att d more limited. In fact, speculation for the time is
)mpletely at a stand-still, and no contrast can be greater
lan that presented by the market now with its aspect
t the corresponding period of last year. The Quietude

,t. in the

rnaiker:extensive orders. either
.to .b!-11 or buy would

tendency is tow.rds decline. "'G
The Admiralty Cornirisi•ioners decided nn the tenders

"It appears that the cross and the flower-glasses were
the private property of the incumbent ; the alms-basin
and te candlestick had been presented by him ten years
since. That the churchwarden is indictable for theft as
well as sacrilege we have no doubt whatever, and we feel
confident that the Lord Bishop of Bocbester will see that
ample justice is done in this ease. Unfortunately, how-
ever, we understand that his lordship is not in England at
the present moment, and, therefore, we have thought it
right to lay these facts before the church at large, especi-
ally as it may be useful that our readers should know what
a churchwarden, even in these days, is capable of. The
Puritan lessons of the last 'two or three years have not
been thrown away : the pupils of Mr. Chancellor Rallies,
and of the Record, may be expected to go somewhat be-
yond the leiter of their teaching."'
The cross and flower glasses were the private pro-
perty of the incumbent." A strange defence! What
business had " the private property" of the incumbent to
occupy a place on the communion table of the prish?"
We have heard of Oxford men of late years who have
gone forward, from the cross to the crucifix, with the
body of our Lord suspended in agonies from it. Nay,
we believe that " St. Mary" has also been similarly held
up to view in ivory or marble. Now, if one sort of " pri-
vate property" of this class may creep into our churches,
why not another ?—Record.