The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-05-22
ae t8. From the Hartford Daily Times.
Important Changes in British Taxation.

According TO The annual statement recently made be-
fore Parliament, the finances OF Great Britain are in
very fourshIng condition In 1852 the revenue TOR the
year estimated at E5l 625, 600 Ii actually yielded
f530s9 000 showing an increase over the estimate OF
fI,464000. The expenditure had been estimated at
f5l, 163. 900, while The actual expenditure was only
ESQ, 1872 000 leaving snrpss OF E2,460900 From this
appears that The annual OF Great Britain is
about five Times as great as that OF the federal govern
ment oil the United States but its expenditure applied
there 10 many objects which in this country lett 10
be provided for BY taxation in the separate States.
Several important changes have been proposed in the
taxation OF the British empire, which. ii carried Alo
effect, will produce considerable reduction in the aggre
gate. The lae Tory ministers had been turned out Of
Office by bunder oil DIsraelrs in proposing to double
the tax upon houses. The minister's avoiding the
rock upon which their predecessors split, have made out
new scheme of changes in taxation They first deal
with the income tax, which is TO be gradually exiin-
guisbed II is TO be held in hereafter for war
and other eat emergencies The Chancellor stated that
it would afford The means OF raising at once 600
troops and feet OF 100 900 seamen with which force
they might defy the world. By ii means provided
to carry the great wars with Bonapar,e, when il was
high per cent Since It's renewal by Sir Robert
Peel in lS42 il has been fixed at three per cent and
yields E5,e00,o00 per annum The Chancellor said there
was good deal of cheaiiog in leyying this tax upon
the trades and professions incomes returned al $4,000
having afterwards been proved 10 amount to fIs 900.
Houses and lands pay about one-ha OF the whole in
come tax, trades fourth, and professions one twenty
second part This tax is TO be reduced TO cd. in the
pound in 1855, sd 10 1857 and 10 be repealed wholly
IN 1860. Until expires. 1t Is to be extended 10 all In
applied 10 Ireland, which has heretofore been exempted
The PRINCIPAL reductions proposed are, OF the tax on
tea from 2s I'd. 10 Is per pound by which the revenue
will lose e. 100000 in four years, and abolition Of
the excise upon SOAP which now yields fllll 900 pei
The duty advertisements 10 be reduced from
Is Sd 10 Cd and The stamp upon newspaper supple
mens abolished The duties upon provisions 10 be
duced, aud 1873 articles to be struck out OF the tariff
ingeher Stamp taxes 10 be taken OF TO the amount
OF EJ00 000 and assessed lakes horses dogs servants
and carriages 10 the amount OF G300 900. To compen-
sale for the loss oil from these remssions and
reductions, la gallon is TO be added 10 the duty
spirits in Scotland, and a. in Ireland, making gain ,o
the revenue OF G435 600 IL is also proposed raise
e. 900 oil additional by extending the legacy
all kinds OF properly, and aboshing the exemp
ton hitherto enjoyed by landed propreiors.
All duties on fertgn manufactures are 10 be reduced
TO eh per cent, specific duties 10 be substituted for
ooiorem duties far practicable, and the derenta
duue% between foreign and colonial produce to b
abolished.
The London Times congrs,ulates the British on tn.
proposed tightening Of Their burdens, 10 the following
rather high flown strain;
"On the whole, cannot but congratulate the British
people the great enterprise the opportunities,
the high favor OF Heaven, 10 which they the posi-
bly of these great had almost SAID unexpected,
dsct,ons from Their hereditary burdens We are a
last happily doing what II is The ts law OF nature TO do
are transmitting 10 our children richer, nobler
and less encountered inheritance. While we sustain
the glory of forefathers wping away, by
tois the records OF their folly and extravaganza and
have nj hast hope that The day may actually come
when England will be free from the creditor al home
AS from the conqueror abroad"