Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1853-01-01
OUR L0ND ON CORRESPONDENT /,
LONDON. DEcExnrR Q. 1889.

LONDON, DECEMBER 8, 1852
AT last the long-expected Budget is before the
public and whilst there is no doubt that much Of it
is extremely unpalatable, and win not, we think,
pass the ordeal of Parliament without very great
modification, it is due to its very clever and labo-
rious concocter TO admit that there is also much
that is almost entirely free from objection, and cal
culated to promote the general prosperity There
is much which will benefit particular class, but
will not Cypress or be injurious to any other class
but there is also much which is intended to relieve
one particular interest," but which at the same time
will operate most oppressivey upon other interests.
1t would have been too much expect that Mr. DIsRAHL
any other Chancellor of the Exchequer could contrive
budget, providing for income of 100000 000 with
out being charged with acting partially in cases
yet knowing his antecedents and the bias and feelings
Of the party with which he acts, do not know what
better, if good, could have been anticipated He com
menced by asking for the indulgence Of the House. on
account Of the difficulties Of his position and the fact that
only half the present financial year was yet concluded
He had also to adapt his financial system new order
Of things, unlimited competition being now established as
the commercial policy Of the country He had now to
consider the claims Of those classes which felt themselves
injured by the adoption of this policy These were the
shipping interest the reproducing interest and the
agricultural interest For the relief of the shipping in
such as necessary for the maintenance Of the light
houses themselves reform Of the systems Of potage
and balastng Of the enlistment Of merchant into
the navy Of salvage and anchorage all these were to be
either abolished modified to benefit the shipping
interest The claims Of the sugar interest were not he
sad admitted By the Government except far as the
request to allow sugariA bond to be refined for home
sumption, which would be conceded With respect to
general taxation to that part Of it which was
posed of the highway, the county, and the poor-rates
he proposed to bring in bill applicable to the first
which he thought would be approved Of by the House
He did not intend to propose alteration respecting the
county rates. The poor-rate had he said diminished
nearly twenty per since 1S48 therefore he did
not feel it necessary to make any change in this law So
that in fact he leaving local taxation entirely un
touched With relation to the general taxation of the
country he had to treat it under system Of unlimited
composition There longer great parties in the
country contestng the principle upon which the
cial code ought to be established GA principle basis
had been agreed upon and say that unrestricted
petition is not consistent with restricted industry When
take the subject into consideration arrive the con-
cusion that you best enable the community into
that competition by cheapenng, much as possible
that which sustans their fe 1t is the boast honor
able gentlemen opposite that they have given cheap
bread to the community But the principles upon which
you have given cheap bread to the community
acty the principles which ought to make you cheaper
the sustenance of the community in every point of
view" In carrying out this principle he said they could
not fail to benefit every class and give particular relief
to those classes who had suffered from the system which
they had introduced The House would not be surprised
therefore when he proposed reduce the malt tax by
one-haf The next reduction would be on tea. The
presend duty upon tea 2s Gid per b. and Mr. DIsRAEL
proposed to reduce to Is per h. the reduction take
place in the term of six years. in the first year HID per
h. and 3D. per h. in each Of the five succeeding ones
This plan would, by gradually consumption,
do very little injury to the revenue and ultimately fur
nish that cheap and superior article which is generally
desired 1t would also give the Chinese growers time
provide for the increased demand for it ought to be
membered that it takes three four years make
tree He also proposed to reduce the hop duty one-ha
Mr. DIsRAEL said it had been bruted about that the
suming power of the people diminishing There
the slightest foundation for the assertion 1t was
based he supposed upon the great emigration There is
doubt that if the returns of the Emigration Commits
sioners consulted the amount of emigration would
than counterbalance the births that have taken
place in England and Wales 1t was be remembered,
however that the Of births and deaths included
only England Wales whilst the emigration returns in
cluded also Ireland The question regarded England
and Wales fairly stated thus births 100000 deaths
100000, emigration 100000 leaving 900 for the
annual increase Of population in England and Wales
Under all considerations he regarded emigration most
beneficial system Another great Of the prosperity
of the country the discovery gold regions which
might have the effect of raising it to height which had
before been attained The loss be sustained by
the reductions proposed would amount to between three
and four millions sterling. II must be remembered also
that the property and income tax would He
recommended the extension Of that funded property
and salaries in Ireland In future he should recommend
that all industrial incomes the exemptions should ter
inmate at el00 year. and incomes arising from pro-
perty at ESQ., the property tax to remain at ID in the
pound the income tax to be reduced to SD per C. The
tax thus modified would yield about the it does
present He should be obliged TO make considerable
increase in the estimates for the defence Of the country
for which the Government had great and comprehensive
scheme propose The estimate for the present year
would exceed the usual ones by about 100000. Mr..
DIsRAELI stated that at convenient time he should
bring before Parliament the subject of causing the hol
of the country to under the control Of the
House present about 900 per is stopped
rdnsit for expenses Of collection last year the
amount was E5,622, 257 the year before it was
G6,O72, 15l.
Mr.. DTsRAEII then made the following statement
Of his plan for providing for the future under the ope
ration of the reduced taxation, &c. which he had
proposed. As respected the year 1S53-54, be hoped
from increased in various quarters to raise the
e2,0000o0 above stated to f2,500,ooo as means of
meeting the increased expenditure, &c. of s2,1ooooo,