New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-03-24
GREAT BRITAIN.
FIRST Fruits OF THE WAR.

THE INCOME TAX DoUBLED-IMPORTANT iNrERPEL-
LATION IN PARLIAMENT-THE PREPARATIONS FOR
wAR-TEsTIMONIAL TO COL. AsPINwALL-DEATH
OF OBSERVATION-DISCLOSURES PRESTON CRISIS
ALEXANDER HElLBR0NN.
In the House Of Commons on Monday. 9th, in Com
mttee Of WAYS and Means the Chancellor Of the TX
chequer brought forward the consideration OIL Inc man
"cal state Of the country in other words explained
how he proposed to raise to meet the Oh
the As usual in such cases he commenced by sho"
ing that the country better able to bear ta4a
ton Altogether the products of the various sources OF rev
enue had been esimsted at o0O and had IN reay
produced t5ios5oOo being an enhancement on the
wear Of flO35OOO From this he reasoned that
the taxation of the country was founded on just prin
cipls and could bear TO be increased Hence he est
mated that the and for the year 1871 would
amount $50 $4,000, Of which sum t6275oOo would be
derivsble from "ineome tax at the present rate OF that
tax. But the estimated expenditures would ON account
Of the show war deficiency OF t2e4OO0o instead Oh
las he had hoped peace surplus Of tl66OOOO he pro-
posed to raise the means by doubling the income tar
From this he would derive an increase OF receipts
10 the amount of t3,307000 on the siL months Besides
tb he would require issue 81 10000 in eychequer
bills while waiting for the supplies TO come in from the
income but would pay of that temporary loan when
he got hold of the larger amount of tax He further took
occasion TO ment that he would propose reduction IN
the price Of stamps for bills Of exchange 10 Sd for t25 on
short bills and id for long dates This proposal repec'
ing ssmp- not measure OF finance but OF conye-
ME nee 10 the public Further he would postpone ell dis
cussion of the measure till Monday, 18th
Mr. Disrae acknowledged the necessity OF providing
ample prosecute the and promised not to op
pose the brought forward He, however, pro-
direct taxation lie further discussed great length Mr.
Gladstone experiments in conversion Of the public
debt which he as being based on principles
uDsound and of which the results financially speak
ing would be disastrous Of carrying on the public oasi
| pess by deficiency bills instead Of ready money: Mr.
Gladstone replied and the debate was adjourned Ill the
| 18th.
In the House of Commons Mr. Lsyard asked whether,
In the event Of the Gar Withdrawing his troops from the
Princpsties he would be considered to be placed in the
same position be before the commencement OF the
wari Lord John Russell explained but the exaana,on
not being very clear Mr. repeated his question in
different shape To the second interrogaory Lord John
Russell replied: do not know how can explain the
matter further than have already done Whist we pro-
pose IT, that the Pricpses should be evacuated by the
Emperor of Russia and II be assent TO that request and
direct the immediate evacuation Of the Principates, Of
course viii be then open 10 him and the Sultan of Iur
KEY neeoiste sesh and the -Four Powers TO edise
or in any way 20 take part in such negotiations as they
amay see ct Mr. Laysrd gave notice tia, be would
bring the question in definite shape before the House
PREPARATIONS FOR WAR
The preparations for unceasinc bu: call for no
special detail The workmen labor in the navy yards
night and day. and each ship ned hasiens 70 join the
rendezvous sphhead The of the fleet are daily
practiced in gunnery and naval maDruvers No DAY
appointed for sailing Of che feet for the Baltic The
Queen viii review the feet its departure In the land
service ell is activity Voluntary enlistment keeps the
ranks full and Government Is. its part doing all tina!
be done for the good Of the men An extra supply OF
under clothing Is provided provisions Of the best quality
medical and surgical Of the best that has
BET sent into the eld-spritual consolation for different
secs is provided last not least: . an Englishman j.
ought without his beer contract has been entered into
supply the camp in Turkey with the best quality Of por
ter at iheepence per qusrt-hslf price. Beyond this
| parental Government could not 60.
TESTIMONIAL TO COL. ASPINWALL
The following address from the leading London frmi
engaged business with the United States has been pre-
sented together with service of plate TO Col Aspnwa
! In acknowledging tie compliment Col Aspinwal
testified 10 the readiness with which he had had the
ration of the London Merchants in any matter OF charity
or distress and he accepted their parting testimonial
another addition TO the many daily proofs Of the mntus
esteem and respect subssns between the two kndreC
/ nations
DEAN SIR Having been informed that you are sb0s