The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-03-07 00:00:00

revenue more

,:erived from the tax, and without those-vexatious
olYections to which the impost, as now levied, was liable.
This arrangement gave' a total, according to his,calcula-
tion, of £5,581,000. instead of .C 5,600,000, which had
beentthe produce of the tax for the last year; but minis-

ters calculated in their budget for the ensuing year that
the tax would produce only £5,200,000. His proposition
would at all events fall more equally on the several classes
of income than the present, and he believed the scale he
proposed was so far just, that it made a difference between
those incomes which were permanent, and which repre-
sented accumulated capital—those which represented
capitaland labour, and those which represented labour and
skill only. It had also this recommendation, that it
would relieve those who were most oppressed by the tax,
as nowimposed, while the only additional harden whirl

would he thrown upon any class was the extfa penny in
the pound on permanent incomes—a burden which he
believed would be cheaply purchased by the large amount
01 relief it would give to other classes, the satisfaction
with which the change would be received by the country
generally., and the ease with which the tax would be col-
lected. The hon. member was loudly cheered during,
and at the close of, his speech. A protracted discussion

en-ued, the proposition being-, of course, opposed by.the
goy: rnment ; at the termination of which the house
divided, when Mr. Horsman's motion was negatived by
a majority of 316 to 141. The house then went into
committee

o formd, to sit again on Monday, Mr. HUME
intimating his intention of proposing that the duration of
the tax be limited to one year.

FOREIGN AND COLONIAL.

ITALY

The news from Italy i;inipOitant. Martial law having
been proclaimed in Lombardy, by order of the Austrian
government. it appears that the worst effects have been
caused by this. A deplorable reign of terror has been in-
augurated. The ordinary course of the law has been
susptmded, the people are not only prohibited from meet-
ing together in certain places, but they are forbidden to
• they are not to applaud or hiss

and , wear particular colour

,t alio%

t were c

streets of the principal towns, which
ted. It is also forbidden to ring the
It was on the 22nd instant that

scenes of disturbanCCs.

It was

The CHAacELLoR of the EXCHEQUER having tnoved
the order of the day for going into committee of ways and

means, on the income tax resolutions,
Mr. HORSUAN moved, that if the income tarbe con-
tinued, it is expedient to amend the act, and notta impose
the same charge on incomes arising from professional and
precarious sources, as on those derived from real property.
The bon. member concluded a powerful speech illustra-
tive of the hardship and injustice of the present tax, by
announcing his plan to be to retain the same •number of
schedules as in the present act, but to cast them differ-
ently. Incomes arising from professions he would take
from schedule D and place in schedule E, which referred
to incomes also of a precarious and terminable nature,
viz., emoluments arising from public offices, leaving
"1)" entirely for incomes arising from trade, com-
merce, and manufactures. And the scale of tax he would
then propose would be as foliows:—On incomes included
in schedules A and C he proposed an addition of one penny
to the present rate of tax, making eightpence in the
pound. On incomes which would he included in schedule
E. viz., professions and emoluments from Public offices,
he proposed that the tax should be fourpence in the
pound ; and upon incomes included in schedule D, viz.,
trade, commerce, &c., he proposed the intermediate rate
of sixpence in the pound, leaving B as at present. By
*h`- slight increase on schedule A, they would relieve
an equal