New-York tribune., 1901-02-18
EVADlNG HIGH TAXES.
pRIrIsH MERCHANTS RUSH To GET
GOODS OUT OF BOND.
TEARS OF COMING BUDGET PROPOSALS.
SUGGESTING AN IMPERIAL COURT
OF JUSTICE.

OF JUSTICE.
tcopyrlrh,: 1901: by The NeW-York Tsfhune0
IuY cAmE To THE umBrNr.l
rondon. Feb Is. I a. MN trade circles all
sorts ~ rumors current just now as 20 tho
,,ture Of the proposals i'm the coming Budget.
Increased taxation is admitted by everybody
40 be necessary. and dealers. whether interested
a. tea coffee. cocoa. wines. spirits or tobacco.
are busy trying To protect themselves by taking
,sree stores out Of bond. For several Gays past
she clearances from customs I'm tea alone have
averaged 1890 tons daily. each ton bringing
$3.50 10 the ENchequer In anticipation that the
chancellor Of the 2Xchequer win propose 10 in
crease the duty whiskey, there have been
big rushes 20 have stocks cleared at Glasgow.
ors the duties paid on bonded articles in that
city have been very large. Dealers in tea have
haen making propositions at Lloy6's 20 insure
ogainst the risk of increased duties, and % per
cert has been paid for policies OF this descrip-
,ion while 20 per cent has been paid for in
,,rrsnce against a sugar tax. Outside OF trade
articles there is great fear that the income tax,
which IS already high : per cent on in
oomes exceeding $500 per annum. viii be raised
"a ~ or even 10 per cent. Sir Michael Hicks
Beach however keeps his own counsel, and not
a hint as Yet has been allowed TO escape that
would reveal the secret Of his intentions. His
attention will he drawn in the House OF Com
mons to-day to the fact that large quantities Of
sutiahle articles are heinE taken out Of bond
,ns he will he asked whether ne has considered
snr means of preventing the revenue OF the next
financial year being discounted in this manner.
TIone Is EXPRESSED that the reference I'm the
Kings speech to the intention OF the Govern
ynent To propose certain changes in the con-
stit1tion Of the Court OF Final Appeal may mean
chat the Ministers are about TO attempt the for
nation ~ a fnai tribunal that would have and
deserve the confidence Of the whole Empire. AT
present the Judicial Committee OF the Privy
Council supplies the want, but its methods ~
procedure are halting 20 a degree. and important
portions OF the Empire are without direct rep
resentation upon II. a suggestion is made that
a court OF imperial justice should he consu-
tuted. representing the Empires highest legal
intellect and experience. and including among
,ts members a leading lawyer OF Australasia,
another OF Canada a third Of India and a
fourth OF South Africa. To these might be
added two for England and one each for Scot
land and Ireland Such a court would probably
DO as much as anything else TO bring about I'M
perial federation.
J. Pierpont Morgan's guarantee 20 underwrite
a new issue Of thirty thousand fl0 shares OF the
British Electric Traction Company is consid-
cred very significant as marking the formal
entry OF the powerful Morgan interests into
England for the purpose OF organizing gigantic
combinations of capital in America. The
British Electric Traction Company, which was
tormed with a capital Of about Sloooo.oo0 10
develop electric traction in the United Kingdom,
has lines IN many English towns. the total mile
sge IN operation being 23o. while ffty-eight
miles are IN course OF construction
tits stated that the Vickers-crarnp combtna-
tion has at last been completed. The directors
of the new company will, says THE Express,
include Charles II. cramp who will be presi-
dent: c A Griscom, OF the American Steamship
Line: Albert Vickers and SiGmund Loewe, OF
vickers. Son & Maxim. It is proposed to expend
81 10000 in adding a gun plant 70 the present
works Of the Midvale Steel Company. Shares OF
the new concern will be underwritten by an
American syndicate. ''The Express" still holds
that the deal IS highly satisfactory from the
British side Of the question.
No fewer than fOrty-three amendments 10 the
Address from the Throne, in reply TO the Kings
speech now stand on paper, but most OF them
have no chance of discussion. Not the least in
teresting amendment is one 10 be moved from
the Irish benches asking for the Introduction
OF a bill TO repeal that portion Of the declara-
ton made D, the sovereign ascending the throne
which is insulting 10 Catholics in the United
Kingdom, Canada, Australia and elsewhere.
]. n. +.