The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-03-15 00:00:00

'ss than 4150

3, so thrall

On that account I intist make a further
the whole I cannot calculate upon r

hat the effect of this will be; that, as I' calculate the
at one-halt of the rent, the tenant who possesses less
in £3OO will be exempted altogether, unlessin the case of
have other resources. I now come, sir, to
hich-comurises the income derivable from the
blic funds- and public securities: The amount of capital
tessed nnder this head in the year 1814 was £30,000,000
r annum ; the amount' of dividends received and interest
)m the public funds for 1811 amount to £29,400,000. I
unot think there will be a question but that ought to de-

use who m
ledule C.,

able on payMents made oh account of the savings' banks.
must, therefore, make a deduction of £1,000,000 again,
this not being a source of income assessable to a property
t .X 28,400,000. To

tax, thus leaving the 'mot
that I must add the dividends upon Bank Stock, upon India
Stock, and dividends upon foreign stock payable in this

. . .
country; and the tax upon these -I
estimate at £1,500,000,
making a total amount of very nearly .430,000,000 as tht
amount receivable in 1812. But, then, again I have to appb;

a deduction in the exemption of PersOn; having income's. of

less than zt;isU per annum. 1 deduct one-fourth on that ac-
count, and then the estimated produce of the tax derivable
from the public funds will be £646,000. Sir, the schedule
D; in the year 1814, contains the income of profits of trades
and professions ; and here there is A great difficulty in fixing
any estimate, so- as to show accurately the amount which
may be aiailable -from this source. I find that the total

amount of imports and exports in the year 1814„ as compared
with the total exports and imports in 180, was in the ratio
of 86 to 132 but I find that the .declared value of exports

bears merely the ratio of 45 Ata'sl 'but, on the other hand,
I find that the British shipping:employed in 1814 was 1,990,000
tons, whilst, i❑ 1.84 h it was 3,292,000. ' I must form some
estimate only, but still I cannot thinkthe profits from trades
and professions, in the present year, can fall short of
£6;000,000. :1 deductone-fourth on account of exempted
incomes, and'the prodUce on which 1 calculate is £1,225,000.
Schedule E comprises the ineome of all: public officers. In
the year 1814 the income' of all public officers amounted to
the sum of £11,744;000'. On account -pf great reductions
which have subsequently,taken place in our establishments,
a very great reductiAh must be tnatie from the amount ot in-
comes of public' offieers

x7,0o(n000,

stated, exempted
assessment .4it A

and I think 1 cannot estiniate it at
nstead of £11`,7-14,000. I must
an account -of persons, as before

then he

,000.- 1

tion of this tax, lc

inn the
tax will

mated amount of revenue on which:l 'calculate as folNms
From a-duty of 3 per cent. on property under
- Schedule A. 1 calculate upon a revenue of.. £1,600,000
Schedule B
Schedule! C
Schedule D
Schedule E

150,000
646,000
1,220,000
155,000

Making a total aggregate est

e of receipt of.. £3,771,000

t is to say

I can state in ?mind riumbcrs the quantity con:if:mil in Islo,
year ending the sth of April, 1844 it
hilst in the year ending the sth of April,
the quantity consumed is estimated • at 4,885,C00 cwt.,
,this increase is still greater if I carry-my statement into

. .
the year preceding ; .for I find that the quantity of sugar con-'
sumed in the year 1839 was only 3,594,C00 cut. The duty
lso which has been paid upon sugar in the same period has
sown a corresponding increase; for the groSs amount levied.
the year 18-10,ending the sth April, 1811, was £3,465,000,
'ing it in round numbers; whilst in the year ending the
kpa i 1,1842, the estimated amount ef duty was £5,1227000.
\ So that, even without having had recourse to.
:,;n sugars, there has been an increase
mount of duty derived from the consumption of
-,duce almost equal to that. which was calculated.
'imates of t -

the admission of fort
in the
British

e right Lon. gentleman opposite,
from the invreased con:urription of sugars, arising from the
lowering of the duty. There has, lam happy to state,
. •

a very

_ great increase in the sugars produced in the East
Indies and the Mauritius : so that the total amount of
ports of this necessary of life during the last year exceeds
that of any preceding year on record. (Hear, hear.) The
estimates of the probable supply which. has been calculated
upon fur the next year are also, as far as I can learn, of the
most favourable nature; so that altogether the prospects of
a sufficient supply for the consumption of Great Britain

being afforded by our own possessions are most satisfactory.
As far as I can see, also, the stock of sugars in hand are quite
sufficient to guarantee the country against any sudden dearth
of this article, for, on the sth of March, the quantity of Bri-
tish plantation, Mauritius, and East India sugars in the
storehouses in London was 410,000 cwt., and at the outports
the stock was 480,000 (query 180,000) cwt., making together
a total of 590,000 (query 890,000) cwt. In 1843 the amount
of the crop was estimated at 2,400,000 cwt. in the Wet
Indian colonies, at 800,000 cwt. in the Mauritius, and at
1,700,000 cwt. in the East Indies, making together, with the
stock of 590,600 cwt. already in hand in London and the
outports, the total amount. of 5,490,000 cwt. ; which, when
compared with the consumption of the last yeqr of 4,640,000
cwt., will leave a surplus in hand above the probable- don-
sumption of somewhere about 1,200,000 cwt. Ido not wish
to be understood as saying that this is a conclusive argument
against the admission of foreign sugar for consumption • into

this country, even if that question were not cinbarratsed by
the present_ state of the slave colonies; but it would be a

most painrul circumstance it her Majesty's government, en-
tertaining the opinions which I and my, colleagues expressed
last year on this subject, were to see ourselves compelled to
resort to the admission of foreign sugar in order to enable
the proper supply to be afforded. There are. numerous in-
tricate questions involved in the negotiations which are now
on foot with foreign countries as to the abolition of slavery,
and there are various plans in agitation for its gradual aboli-
tion, upon the success of which the noble lord had calculated
in his proposal of last year.; but in my opinion there would
rest a very serious imputation on the honour and good faith
of England as to the reality of the efforts she professes to
make for the abolition of slavery abroad, which have disin-
clined me to incur the risk of encouraging the continuance
of slavery, and of reviving the horrors of the slave trade, by
admitting any portion of foreign slave-grown sugars to con-
sumption in this country. (Hear, hear.) These were the
grounds upon which I based my opinions last year, and these
are now the reasons why. her ,Majesty's governivent is un-
willing to disturb the present arrangements in'the article of
sugar. The other two articles to .which I have already -re-