New-York tribune., 1870-04-12
GREAT BRITAIN.
THE ANNUAL BUDGET sUBMITTED-ITS PASSAGE
AFTER DEBATE.

THE ANNUAL BUDGET sUBMTTED-lTS PASSAGE
AFTER DEBATE.
LONDON, Monday, April II, 1870.
The House of Commons had a special sitting to-
dav, when Mr. Lowe, Chancellor of the Exehequer,
submitted the annual budget Mr. Lowe makes
most satisfactory exhibit of the financial condition
of the Government. His budget shows that the
total amount of revenue received from all sources
during the last fiscal year ending March 81, 1870 was
f75S4OOO, and exceeded the estimate made
early in the year by 91,819OO0 OF the
total receipts, the Customs produced
G2l529OOO, against G21 900 estimated. Excise,
G27CSOOO, against G2O,9OO,OOO, estimated stamps,
G92sOOO against fS,S5O,O0O, estimated; taxes,
G45OOOOO, the amount estimated and income tax,
GlOOHOOO, against f9,3GO,OOO, estimated The new
method Of collecting taxes yielded f1,l3I,OOO more
than was anticipated.
The total amount Of the expenditures for the last
fiscal year was G67,J64 600, against estimate of
EGS,40s00o The estimate for the payment of inter
est on the debt fell E3j0O00 short of the amount re-
quired The expenses of the army and navy under
ran the estimates The surplus realized last year
was 97S7OOOO, of which e4,3OOOOO have been ex-
pended in the payment of the debt resulting from
the Abyssinian expedition.
The expenditures for the current fiscal year, ending
March 81, 1871, are estimated by Mr.. Lowe at f67,
118OOO, which he says falls 11,79O,OOO below the
total amount Of the grants for the past year.
Mr.. Lowe said the budget proposed TO abolish
game licenses and impose pound duty on firearms !;
this change is expected 10 result in doubling the
revenue from this source whch amounted last year TO
el5OOO 1t is also proposed that savings bank stock
should be turned into ter1ninable annuities. The
malt tax is untouched, and beer is left tax free Far
mers are TO be allowed to steep their own barley.
A decline in the revenue from sugar is noticed
also in the revenues foreign liquors and wines.
The increase Of revenue tobacco is fl2lOOO, and
on tea G55,OOO. Mr.. Lowe remarked that free
breakfast was still impossible in view of the size of
the debt. He was prepared to remit the tax on soap
and papermakers to equalize the duties on English
and foreign bills, TO abolish newspaper stamps, and
10 reduce newspaper postage to half penny for SIX
onnces He suggests that the income tax be reduced
10 fourpence and sugar relieved of half the duty now
imposed on it. These, with some minor remissOns
in favor of the agricultural interest mainly, VIII
make a reduction in the surplus of 4S,96O0OO
MI Lowe closed his explanation of the budget with
motion that the duty on sugar be reduced onehalf
Mcssrs Barring and Crawford and others spoke
briefly on the budget, taking different views. Mr.
White complained Of the retention of any duty on
sugar.
Mr.. G.. W. Hunt former Chancellor of the Excheq-
ucr congratulated Mr.. Lowe the fact that he had
followed him in a happy time and under auspicous
circumstances when the AbyssiniaD war was ended,
aid the expenditures for military and naval improve
uents greatly reduced
Mr. Smith member for Stockport, eulogized the
efforts of America to reduce her debt and urged the
imitation of her example
General debate followed, in which Messrs. Read
and Fowler, Lord Bury and Mr. Booth were the
principal speakers. Mr.. Lowe replied briefly, and
the Budget was passed. After brief discussion
ne pur ity nf ela tIa al
OPINIONS OF THE PREss-PREDICTED DEFEAT OF
THE LAND BILL.
The PGU Mai Gazette censnres Mr. Gladstone's
shuffiing policy Irish matters and predcts the
defeat Of the Irish Land bill ON account of the
obscurty, complication, and ambiguity of its pro-
Vlslons The same paper urges the instant dispatcb
Of frgate to the fisheries to watch the American
war steamer there.
URGING THE BALLOT
The Scotsman says Mr.. Gladstone has received \
letter, signed by 200 members Of the House of Cam.
mons, urging the adoption of the ballot
CoLLIERY CATASTROPHE.
EDINBURGH Monday, April II. ls7o
The woodwork in both shafts of the Bathseats
COhery took fire to-day while the miners were AT
work. Seven were sufiocated and 40 have been
rescued.
THE ALLEGED EABEZZLER, PHILLIPS.
CORK, Monday, April IL, 1870
The Court is about 10 discharge Phillips, who was
recently arrested here as an alleged embezzler of
Federal bonds, because the American depostions
sTe not forthcoming.
ROME.
RYALLIBILITY TO BIZ ANNOUNCED BY ACCLAMA-
TION.
LONDON, Monday, April II, 1870
The Memorial Dsptomatiqe is assured that il is the
intention of the Gcumenical Council to adopt the
dogma Of Papal Infallibility by acclamaton on
md hot of