The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-08-24


the CUSTOMS excise stamps, and taxes, and post office, &c
ISL, to en,sl7.eoo
1884, TO 4S,I25,000
The of duties RENTED in 1915 not less than
In 1916 duties were again RENTED the of
81, l5l 900.
commencement of the session OF 1872 and the resignation
Of The re- late government in 1876, was 81 e25 900
" The ordinary revenue in 1871 was f47, 600
That of 1916 (agan deducng The receipts from prop
eriy tax and casual revenue) was fn,55l0OO
amounting fll6O0o be attributed the increased
revenue from in consequence OF the reduction by
After making due allowance for this increase, will be
seen that the reductions OF taxation effected by the late
government to the amount of q 900, We're aceonpa
MED by diminution only OF f779,0oo.
The result ofhese two experiments has therefore been
lost the revenue by reduced taxation than
placed In the years 1915 and 1916 ninetenihs Of far
does here Notwithstanding the disastrous crcsm
of the late harvest and the depression of trade the
that of the preceding year The last published balance
sheet Of the United Kingdom is that for the year ending oh
revenue S Of the year ending 5ah Of April ISL we find
year ending the 9th OF April 1871 issi55s
difference in favor of 1917 9is,4Is
"Ths difference in favor of the latter year far exceeds
any increased receipt from the admission OF foreign sugar
"A statement Published the 9th instant, carries the
for Great Britain down the present time, viz,
to the 9th of july lsi7those for Ireland being yet
increase of ordinary revenue compared with the year
ending 9Th of July, 1916, of less than 4265,ol, OF
which Notwithstanding the remission OF the duties on
corn) tlSl2773 under the head of customs and
Or in other words, arises from increased consump
ton.
Thc whole effect, therefore, of the of the late
has been to than II 5Co 900 OF
taxes while the ordinary OF the last financial year
Tor which they called upon provide has consider
ably exceeded the ordinary revenue derived from The
sources) of the financial year that immediately pre-
ceded their accession to Office.
SIN the foregoing observations, have made reference
tn of on Their inIs
of grain which included in the bill OF last year
The of E7500000 OF taxation the reduction Of
which have just referred, does include any advantage
which may be derived 10 the consumes from the reduc
ton in 1872 and prospective repeal in 1916, of those
duties
In the following passage, which we commend to the
attention OF readers, Sir Robert explains how it
comes be the that the reduction of the British
tariff has increased the revenue. The cause found of
course IN the increase Of importation and consumption
"There another circumstance still calcula ted
TO diminish approximations the risk of opening the
market OF this country to foreign competition There
has appeared OF late years tendency increase in the
consumption of articles of subsistence much rapid
possible account OF the absence OF statistical norma
on accurately that increase in the of
ucles OF first necessity such and meat But may
be inferred from the relative consumption different Pc
RODS Of articles respect which the mparison be
instituted.
"The following is account of of the principal
uces entered for home consumption in the year 1871 and