The New York herald., 1845-03-20
Price Two Cents.


sells which shall keep up in this country respecta
BILE steam navy suited to a peace establishment.
Now, sir, on account of the services connected
with the navy, and of the ordnance in immediate
suoofdlnaton to the navy, there Will be this year
an increase IN the estimates of nearly one million.
lHere the right hon. baronet paused tor a short
ton amongst the hon. members.l will now pre-
sent to the House an account Of the estimates for
total an tor the year The charge for the
consolidated fund q 400 O0Oi, being total of 30
795 00N The vote Of supply for the army is 67s.-
0oW 1 tor the navy $685., ,00o, for the ordnance e.
l42 OOW, Tor the miscellaneous estimates 200 OOO
being together 10 500, ,00 and added to The charge
for the debt and for the fixed charges on the con-
sohdated fund, 40 $50 600 For the revenue of the
the present year, 40, $4,000 With this Increased
expenditure, the revenue for next year, even if the
House did not determine upon the continuance of
the property tax, would amount to 81, ,l0O, ,000. On
the 9Th April, 1916, there would still be surplus
of revenue.
An Hon MEMBER here suggested, as we UNDER
stood, that the half years income tax should be
brought into calculation.
Sir r. PKEL.-With the half years property tax.
am not now estimating the permanent expendi-
ture OF the country. | am stating what would be
the state OF the finance Of the country the 5th of
April, lS46 (Hear, hear) 1t isquite clear that if
this expenditure were to be continued, and if the
income tax was not to be renewed. unless there
were to be some considerable increase in the pub
nc revenue from other sources, there would proba-
question that arises is-and it is most important
one-in what manner this increase OF expenditure
ID 10 be provided for? 1t is now our duty TO pro-
pose contnuance OF the property tax for further
period. Let me assume, tor the present-and l
merely assume II for the purpose of argument, and
TO make my statement more clear-let me assume,
Tor the present, that the House has granted the
continuance of tine property tax. will then give
short estimate OF the revenue arising from Il, to-
gether with oher sources. Suppose, then, the pro-
perty tax to be continued, the estimate Of the
TNrt tko E,L II A-..I
aided by the f5 200 900 Of the property tax would
be E53 ,70O, 600 and long as the other sources
OF the revenue remain equally productive, and as
long as the property tax lscontipued, E53 100 O0O,
subject to reduction of f6OO,OOO, will be the
amount of the revenue. This E6OO,OOO is the
amount received as China money; it will be con-
ry addition, had better. for the purpose
of calculating the revenue, strike it out al
IA ogeher. The revenue for the year. then, on
hs ON hs of Ap 14 assuming s the
charge tor the debt, and on account of the different
branches OF the public service, will be 40 $50 OO;
so that there would be left, as long as the
income tax should be continued, and deducting
the Chinese money, a net surplus of 3,409, ,OON.
now, sir, approach that most important part of nv
statement to the House, namely, what is the mode
shall be employed for the relief of taxation. Ii we
receive the sanction OF the House for the cOntinu-
ance OF the income tax, we shall feel it to be our
duty TO make great experiment with respecl TO
taxation, and we shall hope that the general pros
perity which Will result therefrom will contribute
10 hll up the void caused by the cessation of the
income tax In future years We do not propose to
maintain any material surplus of revenue over ex-
tendlture, confident that, whatever may happen,
his House IS determined to maintain the public
credit.-Loud Cheers) We have determined to
recommend extensive reductions IN those taxes
which, IN our opinion, press more GENEROUSLY on the
community than the income tax. first propose to
take those taxes which are collected by the Gus
toms board, and | shall submit to the consi.
1PrdilOn haf fha
views ct her Majesty's Government in respect to 4
reduction upon the duty on sugar.-OCheers) The
House will recolect that upon this subject an ar
ransement, temporary in its character, was made
n the course OF last year, by which sugar, the pro-
duce OF countries where the article was cultivated
oy means OF tree labor, was admitted into compe-
nllon with sugar the produce of our colonies.
There was at that time reduction proposed upon
the produce OF our colonies But propositions were
made regarding the importation OF ree.labor sugar.
which think were generally considered as indIca-
tive OF an Intention the part OF her Msjesty's Co
vernment, IN the course OF the prepent session. TO
call the attention OF the House 10 the sugar duties
snd 10 propose reduction IN them. The amount Of
dscrlnlinang duties proposed upon sugar, the pro-
duce OF countries where sugar was grown by iree
labor, was los. cd. Sir, we propose now TO adhere
10 The genera Principle upon which we acted in
competition OF sugar, the produce of our own CO.
onies, 10 sugar whicn is the produce of countries
cul!iyaiing It by means of free labor, which are
entitled to the admission of their sugar into this
country under reciprocity treaties which before ex-
isted. Clear, hear, and laugh.) IAN honorable
MEMBER made some observation which was inau-
d.ble 10 us beg 1t may be distinctly understood
mat do not wish to provoke any discussion on the
subject now. All debate upon it had better be de-
ferred 10 the time when the question of the dusar
outies Is regularly before the House. At the same
time II is Important, indeed necessary that should
make general allusion to the subject in the state
ment am nov making. (Hear, hear) The dis
crmiaating duty proposed 10 be established by the
set OF last session was free labor British planta
ZION sugar, 24s., and per cent, and that upon free
LABOR foreign sugar, 34s., ard per cent; which
would produce upon the former, a total amount of
duty OF 25s. 30. and on the latter of 35s Sd. But
IN the course OF last year, it proposed, as pro-
lection, to establish higher discriminating rate OF
duty on free labor foreign sugar that was clayed or
equivalent to clay. We declined. however, TO &C.
cede TO that proposal. we found that there was
no such rule established with respect to this sugar
when the produce CT our own colonies, but
that there was uniform rate with respect
10 all our sugars, except refined; and we were
unwilling 10 establish different rule with re-
gard TO the different qualities of sugar from
other countries. We stated, at the same time that
II l! We're possible TO establish classification ap-
plying to our own as well to foreign sugars the
suoect might be well worthy Of consideration, and
II might be an arraDgementpropert to make. Some
honorable gentlemen, who spoke on the other side
oil the House, endeayored to establish the policy OF
d. slnctien between the coaiser and the finer
Kinds OF sugar. We have had communication with
the proper quarter and 1t has been certified to US
that II is possible, both with respect 10 our own and
foreign sugars, TO establish such distinction. We
propose, therefore, with respect to all SUGARS ex-
celt rehled, The produce Of our own colonies, to
make this rtduction oi duty In respect to brown
Muscoyado sugar, now subject TO q duty of 25s Sd,
we propose TO make a reduction of lis Sd, and to
reduce the duty TO las cloud cheers) With re-
gard 10 Muscovado sugar, that reduced luty will
apply to all irish plantation sugar-to sugar the
produce Of Mauritius-t TO sugar the produce OF our
West Indian colonies and with regard to the pro-
duce ei those districts IN BrtsA India, with regard
to which different rule now sprlics, we propose,
IN the case OF those districts, TO retain the same
relative propoftlonate duty and that duty shall be
lSs Sd. This 10 applicable to those countries Of
India which are permitted to import foreign sugar
We propose that the amount of protective duty
shall not exceed o.. 4d and the duy iree-labor
eouarits with whom reciprocity treaties are in
force, we Cannot deprive them Of that which is
thnlr IL