Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1818-08-11
INCOME AND RXpENnYT,,pc

LONDON, June D.-iiIe Select Committee oil
Finance, have made an additional Report TO
the House Of Commons embracing ne s,L
ject OF the Income aud expenditure OF the
country.
From their statements, it appears, that in
Great Britain the total PERMANENT re.ruue tor
ths wear 1877, Tell short of the estimate by
! % 5i6t. which being more tham compensateu
ny receipt OF 226i,0jU OF arrears of PrCuer-
" lax. and ofGS, $780,. Of ther unappropriated
war Dates, making, togethrr :;35 ,J3ii there
was upon the whole AN excess beN Ond The es-
innate, OF 315 ,9S5l. while IN Ireland there WAS
deiicIt ot5Sj SSJ from which the above eA-
cess BENG deducted, The difference hetwceu
The estimates and the actual produce of the re-
venue i'll the United Kingdom is exhibited by
OF 5 sos ,0UcJ
1t also appears, that in the wear ended The
9th OF April, 1873, a considerable Increase
TOOK place IN tie revenue, iuasmuch as the
diheTeHce between the receipt and the esii-
mate IN Great Britain is in that period reduced
to I,2!5 ,550i.
In ireland, the revenue likewise experience
cd some improvement ia this periOd-the a.
mount being only S20,I3 below the esti-
mate.
The general increase of the revcuup. howe.
yer, appears more particularly shewn by a
comparative statement which the committee
proceed 10 make, between the income of the
quarter which closed on The 9th ApIil. isis.
win tile corresponding quarter OF ISl7 In
stating tins contrast, the committee very MO.
perry exclude the property tax and other war
duties, IA order TO sleV tie real inuroyemant
Oh those duiles only which constitute the per.
mancnt reve3Ue. The reSnii of this com,safi-
son rs balance la favor at the qnarter ended
the 9th OF April 1878, for Great Britain of
IS9,oOOl. and for Ireiand of 56 1904! making
upon the whole an iIciease of 100 1861 but
which would have been considerable ,teaIer
u The produce OF The sugar duties had been
hiVidcd inthe same proportion in the present
d' ~ lhe iast year, between the two quarters
endIng the 5t'I of ian. and the 9th of ApriI.
III consequence OF tie expected rise in the
average price of sugar 10 that point al yyl;irh
VI becomes chaTgeabie, with an additional dn
~ OF IS. per cwt great Quantity then in
bond, vas taken ont for home cOnsnmntion
immediately before the close of the uuayter
ending 9Th of Jan. last from which, perioJ
the additional duty, as had been foresceu b,
the merchants, became payable. By this an
tIcipatcd payment Of the ddics, The produce
ct the January quarter was greatly syvcIied
and a corresponding deficit occ.,siuned i'm tbc
produce OF the succeeding quattcr
lie Committee observe, that they wouId
not be disposed 10 lay much stress upnn the
melioratioh OF tie IieVehuc IN single quarter.
or 10 OHild upon That circumstance alone a We.
ry sansune hope oil q permanent amendment,
it il were not Danifesily the conseUuencr of
an extensive and important change IA The re.
neral condition OF The Country.
In confederation OfthiS view The Committee
enter INTO variety Of observations on tie com
potent parts of tie Accounts laid before Them
particularly the Custom aud EXCise--tIe te
nor q which affords more satisfactory evi.
dtuc. OF growing Improvement than Is to be
fJund even ia their total amount
From the Income of the Country. the Com
mittee neat proceed t. tie head of ENpepd,.
ture.
The total di,burs emcnts Of Tie wear 1877. a
mounted to % t;H,2iji. OF which there was ~,
piied TO lie redemption of debit the sum 1r
10, 10 1901. leaving an c.urndiinie Of - 1jG
yJ5t whlcb beng cOutTdSt'd with the actual
lncome, anouniinE, with tho produce ct .hc
Olh Stores and The Loitpry 10 81 Su2 2IcJ
there appears 10 have bpen di!feicprs a.
iWeci tue expenditure and the receirts within
the year of "a 6Ki.
In tie siaiemcst IS tl:c current wear. ur OH
serve an eNcess 10 Use ptuhthic -Nprudilt,,o
beyond the estimate iormcd by NE Commit
tee 'ast year, H.I"uUiuG 50 2,Ss2 SnG but If
we exclude ihe SuiA 90 - 30 1871 ybicl,
stands appropriated TO tie rsdmr,,on of tbp
Ndt'0n'i E.bi, 10 does an ear that lie ,c,i
expenditure, estimate atjZ, 15f,OiN WI sor.e
very nearly viii, thc income, winch iscumlI,tcd
at $3.50 iGU.
The Cciamittee agtccalGy to the Instructions
Of inc ttouse, have ldjcda ecuerdl view of tlr
PROBABLE expenditure tor iic year lsip Sun.
poeins 10 cxiraordinai. charges 60 occur. thcy
calculate !hat the whole tSpcnduutc va, 4
mount TO GO,0GS ,O03L including 1885, nD,I Tor
the Redemption OF Dent 80 that contrasting
ilSe actual charge Of HcSt year, exclusive cifkis
Shm Tor the r'dcmptoUri dupt WIfi ticiiitcnio
lOV tHc next year, Nhith - estimate NGi Ism.
O0H. there vii hc balance 40 the country, T.,
VOr Of ,ii3 ,GOOl
II is furiaer To bc observed tint an, in,
prOyemeut Oi TIE Re venue on tIsp one lauC
ard eyrry dimuHtiOu of expCncc that mas be
made in future years on the other, will have
the effect ofcreaiiug n surplus annually. appli.
cabs 10 the d.mnuticn OF the Public Debi a.,
object ~ which, the committee justly observe.
the wisdom Of Parliament and ilie eXctiiens Of
Parliament, cannot lie too stcndfastly direct.
ed
Tie committee conclude 10y repeating an
anticipation which they yeutured last year.
that the reduction Of the interest on the Four
aud live per Cents musl under = continuance
Of TIC present favorable prospects and with the
growing abundance Of capital ~ the country,
contribute at no distant period in a very