Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1851-04-29
TIE REDUCTIONS OF BRITISH TAXATION.

Speech Of the Chancellor Of hs EIchequeT.
The London Globe publishes speech OF the Chan
celor of The Excequer Who introducing his financial
evinced some feeling in reference TO the opposi
lion given 10 his proposals before the resignation OF Minis
,rv said that taxation uniformly less now than it was
- ,rs MO and that he saw no reason alter the views
formerly expressed the probable income and eSpend-
ture of the country.
With reference to the total repeal of the window tax,
amounting TO 000 while the surplus revenue was on
IL 81 s92 0O0 he could not consent to IT, IL ~o9ia eave
him only about G4O 0O0 and how with that could ne meet
he eyncnses of the katr He should abide by the
principle of his original proposal OF uniform dny upon od
and houses and on shops But upon M ne
windows out of vicw and impose uniform rate OF I'd
in The pound on all HOUSES and Cd in the pound on all
in which shops were held and all houses connected with the
ccunoton of land He proposed TO repeal the duties alto
peher with respect houses under the annual value OIL
twenty pounds The result wouid Pc mat ne wom,d reaace
the number of houses taxed from 600 to and the
reduction of the duty would be reduction of 81 loU0O0
and he would still have revenue of f720.0OO instead of
being loss Of tls5O0oO if he repealed the window duty
altogether Another result would be- that houses in the more
fashionable parts Of the metropolis and other towns would
nav more thun the less fashionable parts.
There 100000 houses in the country altogether and
by his proposition 100000 would be exempted altogether
leaving only 10000 liable TO be taxed and these We're the
houses of the ch whereas the houses OF The poor would be
exempted and dec person prove him that that was
not benefit the and occupers OF small houses he
proposed retain portion of the house property
He still adhered TO his statement as 10 the reduction OF one
fourth on the duty Coffee and the reduction on the duty
TIMBER which would be reduction OF FL o3bOUO leaving
surplus or he should rather say, permanent margin OF
f356 900, out Of the surplus now in hand.
He did think he would be justified in proposing any
farther reduction during the present year. having due regard
10 the hostility which going in colonies. To The
surplus he had mentioned he had add the win
dow duty for the half year due next year. making total
surplus OF f92l000 He then udveried 10 the income tax
The tax first imposed wa tax, but now it be-
came necessary in order supply the loss OF revenue eau
sed by the reduction Of duties which had taken place. He
therefore was not prepared repeal the income tax
and he thought IL the least Objectionable tax which
could be imposed or maintained Since the income tax had
imposed 100000 Of taxes had been repealed and yet
since that time the revived bring
10 the point at which it when the income impo-
scd (cheers These the reductions which they
posed he hoped they would be satisfactory 10 the coun
try and all he they would be satis
tory country than the proposition of the Hon. gentle
men opposite he proteconsts) to impose duty on corn