The New York herald., 1845-03-20

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sion Of our intention rather than establish minute
regulations for the purpose OF preventing it.
Mr.. LaBoUoHKRE.-Do you remove the duty al
together!
Sir ROBERT PgEL.-Yes, we take il of alto.
gether.
Mr.. LABoucHERR is the amount?
Sir Robert PEEL.-The amount OF duty on this
article, lhlHk, is about 33 OOW We remit it alto
gether We diminish the temptation to apply
slaves 10 The ordinary purposes OF furniture, by me,
King simultaneous reduction in the duty upon all
cabinet timber.
Mr. LABoUcHKaE.-What is the estimated sacri.
hce OF revenue on all these articles
Sir ROBERT PEEL.-l think the loss OF revenue
by the remission of the duties on all these 430 arti-
cles will be about APO 00W. now come to that ar.
tlcle. which of all others is the most important
the manufacturing and commercial prosperity oi
this country. Cloud cheers) come now to cot
ton WOO / (hear, hear)-and the duty upon it. The
present duty on cotton wool Is, 60 lar the reve-
nue. is concerned, 5 10Th of penny the pound
weight; but as that duty is applicable to the whole
amount ot cotton wool imported, and as about one
NTH OF the total amount OF such cotton wool is
is necessarily waste, The duty, of course, presses
with increased severity upon that portion OF me
whole amount which Is capable ct beng used ior
manufactures. II IS estimated, and believe tne
estimate TO be a reasonable one, that we 0ught 10
add l-lGh more TO the I6ths, IN order to calcu-
late the amount of duty paid upon the whole of
The cotton wool tnat Is manufactured In THIS coun-
try. 6.l6he, or 3-Slhs OF penny per pound weight
would, therefore, be the total amount of duty paid
on cotton wool. Now, when the price OF cotton
wool is 4d 10. on The average, 3.Sihs OF penny
per Id. Is duty OF nine per cent on the value OF
the raw material II the price of cotton would be,
it has been of late, not more than Sd ID
Shs Of Id per ID. is duty amounting to not less
than 12a per cent. on the value OF the raw materi
al. This duty so levied falls with peculiar severity
on the coarsest descriptions of cotton. Upon the
finer musiIns you can hardly estimate the amount
OF duty, it is small but the coarser the fabric,
and the more 1t Is IN common wear, the higher is
the amount of duty, Seeing and considering these
thlngs-seelng the amount OF duty imposed upon
the coarser tabrics-seeing the extent of competl-
tlon to which they are exPosed-seelng the impor-
tance OF this manufacture to the commercial great
ness Of this is country we are prepared to advise the the
long continued cheerlng) The estimated loss to
the revenue by the abolition of the duty on cotton
wool-taking as guide the amount received last
vear-wIll not be less than f6SO, 600 (Hear, hear
In respect, then, to the revenue derived from the
customs duties, we do not propose to make any
further alterations than those 10 which have
now referred | am not quite sure whether or not
greater popularity might not have been obtained
by proposing other articles on which a reduction
of the excise lmpost should be made; but | am
satisfied that il is the duty Of the executive govern
ment TO take those articles which, whether
there has been any clamor for reduction OF duty
on them or not, are articles In respect OF which any
duty at all is open to the creates objection (Hear
hear:) The duty to which refer is that duty on
the free transfer OF property, which is called the
gentleman utter the words "aucton duty" than
the whole House was convulsed with Laughter, af
ter which there was much cheerlng.l The tota
amount received tor auction aoh duties dUn IN England
duty the remission OF which will, in my opinion,
lead to such great reduction OF the Excise stat
Clear, hear.) Now, propose, instead of the prin-
cple of requiring separate licences to enable auc.
n Of hesc cfn ~
by taking our one license ] propose to fix the
amount OF that license at El5, thus enabling the
auctioneerswho take 1t out TO deal in every descrp
tion OF property.
An Hon. MEMBER was understood to ask whe-
ther each member OF firm would be required 10
take out separate license.
Sir ROBERT PEEL 1T is proposed that each men,
ber OF hrm should be required to take out il
cense. There still remains an article upen which,
after what has lassed regarding another, | shall
make no preliminary observation, but mention II
at once, glass; (Hear, hear) 1t has seemed to us
that has special claims to the repeal of the duty
In the first place, rthe amount of duty is not less
than 200 or 800 per cent upon the value Of the
nutactured article (Hear.) What takes place
glass into the bonded warehouses Of this country
foreign glass Is brought into our bonded ware
houses, is afterwards exported, being liable to no
duty, and beats our own manufacture, not only in
foreign states, but even In our own colonies.
think can make out this point without entering
into details; for 1t is most important to observe the
progress of gradual encouragement in the export of
foreign glass from this country, as compared with
last seven quarters there has been a gradual in
crease In the foreign glass brought into bonded
warehouses, and afterwards exported, as compared
with glass, the produce OF our own domestic manu-
iacture. (Checrs) Is not that q strong fact TO
emplify the policy of some new arrangement in this
respect (Cheersl case has been got up in
favor OF the remission OF the window duty, (cheers)
but let US just take the case of glass; to see what
mn uph vT,0ro hone afo lab
portion OF the community will be produced by the
reduction OF the duty on glass, than by the repeal
OF the window tax. (Hear. hear) It's estimated
that there are in Great Britain about $500, 600
houses, OF which not more than 100000 are charge
able with the window tax; therefore there are
600 600 of houses which require glass for the COM
fort OF the Inhabitants, and il the House sanctions
the Of the ddy eaas you thereby
venue from the abolition OF duty on glass will
amount to 6i2, ,00M have now exhausted the ar.
ucles IN respect 10 which ministers intend to pro-
pose remission of duties, and will here venture
to recall the recollection of the House to the esti
mate made CT the amount of the revenue on the
assumption that the income tax would be cont.
nued. will also state the immediate effect the
reductions will have in essening the surplus in our
hands | estimated the surplus in case the income
tax should be continued, which would be available
on the 9th of April, l846, at 3499 COOL; and will
now recaptulate the reductions OF the revenue
which will arise from the repeal of the differ.
ent duties l have enumerated mentlon.
ed them specifically as l went on, but / will
now state the aggregate amount of diminu-
ton. estimated the loss upon sugar at 81, 300.
600, and upon coal at ElS3 900. The loss upon mi.
nor articles of import to be looked upon the raw
material of manufacture, stated at E32O 600; the
less upon cotton wooI calculate will be ESQ 900;
upon auctions it Twill be. f250,0O0; but then !
reckon upon some receip, for licenses, which would
make up some part of the loss. The loss by the
abolition of the duty glass would be EGO, 900,
and upon slaves 320, 00W. Thus the total loss 10
the revenue, supposing the House to sanction the
course have recommended, would be 3, 1888, ,OOOl.,
very nearly absorbing the actual surplus oil
3, 400 0OQ. have stated already that in proposing
the continuance OF the income tax, do not pro.
revenue, for should think it right, after defraying
the necessary expenses, to appropriate it to the
removal OF taxes, which in my opinion, are the
most oppressive. The term for which suggest the
continuance of it will not exceed that for which il
was originally imposed. ] do not propose that j,
should be renewed Tor more than three years, and
q.