The New York herald., 1845-03-20
duty Of las, instead OF Iss. Sd, and.hat double

is important that should give 10 the House the
best estimate can form OF The probable amount OF
sugar to be derived from the possessions of this
country abroad. For the purpose of obtaining inor-
malion that subject. we have applied 10 four
dependent sources, with the view of obtaining au
estimate OF the probable supply of sugar from Br-
tsh possessions tor the next year, and will now
read 10 the House, with It's permission, the estI-
mates that have been formed. The stock OF sugar
hand on the lst OF January last, 45 900 toas,
and the estimate made by the customs OF The pro-
babe production of the British plantations is rs
follows From the West India Colonies, l35 600
tons from the Maurltlus 10000 tons; and from
British India 10000 tons, being the supply of sugar
IN the present year, independent of the stock In
hand of 245,000 tons. / trust that there may
be reliance placed on the accuracy of this
estimate, as it has been procured from the
best sources of information The next of
the authorities which we had consulted, cal
euated the produce of tae British plantations at
no. 900 tons, the Maurtius at 10000, and British
india at 20 900, making total OF $50 600 tons of
sugar 10 be supplied during the next year. The next
authority we consulted has not given so iaitering
account. They have estimated the produce ol
british Plantation @ sugar at only l2o GOO tons the
Maurluus at 10000 tons, and British Indian at 20
00O tons-maklng an estimate OF 230 900 tons. The
fourth estimate medindependenIly, as said be-
tore, OF any communication with the authorities
Tor The other estimate, IS thls-the estimate Tor
British Plantation sugar, is l30 900 tons, the Mau-
rltius 80 600 tons, British. India 65 5000-making a
total of 235 600 tons The lowest OF these estimates
is go tons, and the highest is 250 000. If you add
ply OF 2S5, 600 tons; and if you take the lowest, it
will give supply of 275,00O tons. We consider
that The effect OF the reduction upon sugar will be-
on. the whoe,,a reduction. ot duty, so far as
duty is connected with price, amounting 10 d per
ID, or not quite so much as ] ID. But If you add
other charges that accompany high rate OF duty,
we think the full effect OF the reduction OF the duty
will be not much short OF thrce-halfpencc per lb-
(Chsers-because, as the duty increases, there
charges incidental to that increase next propose
TO give TO the House the best estimate we can form
as 10 the probable loss TO the revenue which will
arise from that proposed reduction. AS l said be-
tore, we calculate, independent OF any supply OF
free labor sugar-we calculate on a supply. inclu-
ding the stock in hand of 275 900 tons for this year
The greatest amount of consumption, believe,
has net been more than 207 200 tons IN any
year We think it is probable that the effect of the
reduction OF the duty may lead to increased
sumption of perhaps 1900 tons. OF course these
estimates must be taken very general, but il ap.
pears to US probable that the increased consump-
ton OF sugar, consequent upon the reduction OF
duty, Will make total not much short of 250, 900
TONS The consumption of British Muscovada su-
gar TO the extent of l6O 900 tons at lis would give
2,240,0OW. The consumption OF Ciayed sugar 10
the extent OF 10000 tons, would give revenue OF
l,l40,0O0.; foreign free Muscovada sugar, 5000
tons, at 23s. 4d., will give revenue Of ll6, ,70N
OF clayed, or equal to clayed l5 GOO tons, at 25s
would give revenue of 45O OOW. AS l said before
these estimates must Of course be very generals but
supposng them TO approximate to to the truth, the
consequence would be that We shall receive from
the duty on sugar. in consequence of the reduction
the sum OF !, 3,946, OOW. The revenue derived from
sugar, in the last year, was 5,2l6,OOM There will
consequently, be very probably a loss, in the next
year, 10 the revenue CT very nearly 1900 00W
upon sugar. [Hear.] Now postponing any furlhe.
discussion The subject OF the sugar duties until
the period when they will come Immediately under
consideration, proceed TO enumerate the other
duties OF which we shall propose, as a consequence
OF the continuation of the income tax, the reduc-
tlon or the remission II will be recollected that,
when the tariff passed, in the year 1912, there
were some small duties still retained upon exports
from this country-exports either OF raw materials,
or manufactured articles so nearly approaching raw
materials, that they could scarcely be distinguish
ed from them. At the same time, 1t will be re-
membered that we abolished generally the duties
on exports. They were all abolished, with the ex-
cepton OF few articles, such, for instance, as |
think, chlna.stone, and some others of the same
description. We propose to adopt, as a general
rule, the abolition of export duties on all articles
An Hon Misunderstanding coal?
Sir ROBERT PEEL.-Not excepting coal. (cheers }
and my right hon. friends will do what we con.
celve to be our duty, without regard as whether
we may please or dspease particular persons. We
shall be actuated by other and higher considera-
tons Applying, then, general principle 10 eX.
ports of every kind, we do not think it would be
Wise to reserve coal as an article OF exception.
(Cheers.) We do think that it will be important
principle to establish, that with respect to exports,
there shall be no duty leviable-( -(cheering)-and,
IN establishing that principle, we think that coal
should he included. We are the more willing to
act up to the full extent of the principle, nasmuch
as the amount of revenue derived from coal has moi
met the expectation which was entertained when
the tax was first imposed. The calculation of the
amount to be received was fl6O,00O as clear net
revenue, whereas, the sum received last year
from the duty on coal did not exceed El2O0O0 ]
believe that the export OF coal has been greatly
peded IN consequence OF the combinations which
have taken place amongst the owners of coal mines.
So much, sir, for the duties upon exports.
Lord JOHN RUSSELL 1--WE believe) asked what
was the total amount of the ceal duty received by
the government? and what the amount of all the
duties proposed to be repealed !?
Sir ROBERT PEEL.-The total amount of duty on
the exploration of coal does not exceed ELS 600,
and the revenue on the other articles is very small
indeed now come to the duties which are levied
on imports, and which, in amount, are very small
IN individual cases. but which applicable TO ar
licles which are raw materials used in manufac
lures. dare say most gentlemen have referred to
the paper which has been prepared by direction of
the government for the purpose of exempfying the
operation OF the present system of import taxation
i may probably have been observed, that by that
document there are no lees than Sl3 articles in.
cuded In the tariff, 43O OF which produce very
small amount OF revenue indeed. We propose, sir,
TO include in our financial arrangements the duties
which are now applicable to those 430 articles
We are willing to try the experiment OF abolshinc
the duties altogether, retaining the power of ex
animation as to the weight and quantity, so tha
statistical information shall be secured, and pre-
caution taken against the import duy being evadec
on articles still liable TO duty, under the preence
that those articles are free of duty The articles
on which we propose to abolish the duties will be
those generally which are the raw materials of oul
manufactures. The list OF these articles contain
4S0 specific items, and, as that list will! be printed
do not think It necessary to make such trespass
on the patience OF the house as to read over the
whole of them. think it therefore better TO post
pone the minute consideration OF those articles till
another opportunity but may state that the tota
number OF articles that will be absolutely swepl
away from the tariff will be no less than 43O
These will include those fbrous materials, such az
silk, hemp, and fax, which now pay a nominal
duty yarns of different knds, with the exces-
ton OF worsted yarns, which are subiec c,
to some peculiar regulations. We propose to
abolish the duty furniture woods (The
right honorable baronet here excited cousidera.
bic laughter, by markedly fixing his look on The
honorable member for Halifax, Mr.. G. Wood,
while speaking this part OF his financial scheme
There Is Continued the right honorable gentle.
MANI great trade growing up in this country
which II Is very desirable TO promote; and for that