On this page

• Text (2)

  Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.

  • 

    ,,, -p-^.^^ -. *.<, , TRE LEAPEB. - 221 ...

  • 

    "" THE GROSS PUBLIC INCOME AND EXPENDITU...

• Transcript

  • Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.

    Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.

    ,,, -P-^.^^ -. *.<, , Tre Leapeb. - 221 ...

    ,,, -p- ^ . ^^ -. * . < , , TRE LEAPEB . - 221 .

    "" The Gross Public Income And Expenditu...

    "" THE GROSS PUBLIC INCOME AND EXPENDITURE . a a ^ niint of the gro 3 » public income and expendi-AN account otuieg F December , 1858 , is lure f ^ ^ S ^ aryVper published- on Wed-^^ n ^^ y ^ Mm iorm . The items on bo & sides are « & £ jj-^ , b .. ... £ 24 , 091 , 999 13 6 S - ° -. 17 966 , 000 0 0 Excise ... — 7 996 , 342 18 10 S 3 ?< L ^ - « d Messed ) ... 3 , 158 , 033 ^ 4 Property Tax ... Vo 7 V 00 O 0 0 Post-office ' 277 440 9 5 Crown Lands ... - •• 277 , 440 y o Produce of the sale of . old stores and other extra receipts ... 1 , 291 , 643 5 z Money received from the revenues of India , for retired pay , pensions , & c . ... > ' - ¦•• 60 ' ° ° Miscellaneous-receipts , - including- „ 0 , imprest and other moneys ... 653 , 952 10 10 Unclaimed dividends received ... 125 , 39 a 11 10 66 , 286 , 995 11 8 EXPENDITURE . Interest and management of the . . g permanent debt ... - > ^ , 87 _ 8 \ ? Unclaimed dividends paid ... Q ^ 2 '« o ^ 1 ? 1 o Terminable annuities ... ... 3 , 969 , 602 16 10 Inte rest of Exchequer bonds , 1854 , g . 0 0 Interest of Exchequer bills , supply 78 . 1 , 917 10 0 Do . do . deficiency 156 5 0 CHARGES ON CONSOLIDATED FUND . Civil list ... . ' ... ^ fn- ^ d J Annuities and pensions ... ... 3 % ' T ~ o q Salaries and allowances ... .. } ° ' ^ A „ Diplomatic salaries and pensions 162 , 638 16 * Courts of justice ... - - 598 , 885 12 2 Miscellaneous charges on the . Consolidated Fund . ... ... 166 , 714 16 7 . _ SUPPLY SERVICES . Army , including Militia , Com- ' -,- „ c missariat , and Ordnance ¦• ...-. 12 , 588 , 7 o 6 0 6 Navy , including packet service _ and transports ... ... - 9 , 637 , 103 13 & Miscellaneous civil services ¦ :.,. 7 , 253 , 059 9 5 Salaries , & c ., of revenue departments ... ,- . " . ¦ ... — 4 , 474 , 440 4 3 China naval and military opera- q WaJexpenses ( Russia ) ' .. . 230 ^ 000 0 . 0 ' 64 , 909 , 338 2 7 Sinking fund on the loan of 5 , 000 , 000 / . per Act 19 Viet . c . 21 250 , 000 0 0 65 , 159 , 338 2 7 Excess of income over expenditure in the year ended 31 Dec , 1858 ... ... 1 , 127 , 657 9 1 £ 66 , 286 , 995 H 8 Tkapein France . —The samp state of stagnation in , business which has been remarked of late still prevails . No transactions of importance took place during tho past week on speculation , and purchases have been confined to immediate wants . The stocks of merchandise on hand are becoming more and more limited , and manufacturers do not appear at all inclined to replenish them until tho political horizon becomes somewhat clearer . Accounts from Mulhausen and Rouonaro perhaps more satisfactory than in tho capital . Tho stocks both of woven goods and twist are small , and the manufacturers are able to maintain firmer prices . From Lyons and St . Etienno tho advices arb less cheering . Several orders , which had been given both for Paris and abroad , have been provisionally countermanded . I ho prices of raw silk both at Marseilles and tho other markets of tho south have a downward toudoney . At Havre business in raw cotton was rather animated at tho commencement of tho week , and prices improved ! towards tho close of tho week , however , afluirs became inoro calm , purchasers oxpooting that , according to tho last accounts from Now York , prices would rocodo . Littlo or nothing has boon dono in raw sugar , and prices aro nominal , tho market , however , having a downward tondonoy . Very littlo doing in rollnod sugar . Business in coflbo continues limited , buyers holding back for lowor prices . Copper continues limn , but tho nmrkot Bliowa but littlo animation ; load and alnu aro rather on the ( . Iodine . Tho rise which took place in oil at the end of lust month has not boon maintained , and tho busl-11 QB 8 trantiaotod during tho wook has boon at a slight iloolino . Waobh in JJlaokhuun . —Tho general mooting of spinners and manufacturers to consider wlmt reply should ho given to ( tho roquo . it of tho oporntlvcn for an mlvnnoo of wagos , was hold on Wednesday . Tho following rosolutlon was carried unanimously s— That this mooting , taking Into consideration tho sovovnl yoars of

    severe trial which the cotton trade has experienced , and that we have not yet sufficient ground for concluding that the improvement which has recently shown itself will be permanent in its . character , considers that the application of the operatives fox an advance of wages is premature , and at present cannot be acceded-to . — Manchester Guardian . ,. ¦ The ' Pout of Aktwew * . —A correspondent of the Continental Review writes : — " The men of Antwerp are much concerned at the progress of the silting up of the Scheldt . Quite lately a vessel loaded with guano ran aground at a spot where , in 1803 , when the soundings were taken , there were twenty metres of water . ¦ In 1830 the depth of water was reduced to ten , and at present there are but six metres , of water at that spot . This silting up is unfortunately general throughout the . Scheldt . The deposits of alluvial soil extend from year to year . Tufts of seaweed spring up , and are succeeded by herbs and shrubs . At this stage the riverain population interfere and make dykes , and the ground thus conquered from the river is converted into polders , which furnish magnificent pastures , and are sold at high rates , But the river suffers . At the beginning of the century it was practicable for whole fleets of men-of-war . At present , in a river of a breadth of fifteen hundred metres , only a portion of about . two hundred metres is navigable for sea-going ships , and this channel of deep water is so tortuous that no vessel can follow it without the aid of pilots . Even these pilots are not always safe guides , for the silting soil shifts from day to day in this the only , practicable portion of the river . If this process continue —and-no means is as yet known to successfully stop it — the port of Antwerp will 50011 be inaccessible for seagoing ships , and it vill be necessary to make an outer port , as is the case in the majority of the Baltic ports I do not believe that the commercial prosperity of Antwerp is likely tp suffer from this change , but this most important fact is undeniable—that under present Circumstances great fleets cannot either be built -or sheltered in the port of Antwerp ; in other words , Antwerp can no longer be considered as a great naval port . You will be able- to fully appreciate the import- . j ance of this fact . " . ' j Public In come ¦ and Expenditure . —In the year ; ending the 31 st of December , 1858 , the- public income of the United Kingdom amounted to 66 , 286 , 99 o / ., and the public expenditure to 65 , 159 , 338 / .,. leaving a balance of income amounting to 1 , 127 , 657 / . The balances _ in _ Exchequer at the end of the year were 7 , 7 oo , 4 oo' . , The following are the items . of the income of I 808 : — Customs , 24 , 091 , 999 / . ; Excise , 17 , 966 , 000 / . ; stamps , 7 , 996 , 3427 , ; taxes ( land and assessed ) , 3 , lb 8 , O 66 l . ; income tax ( inaccurately styled " property tax ) , 7 , 591 , 187 / . ; Post-office , 3 , 075 , 000 / . ; and Crown lands , 277 , 440 / . The items of expenditure are : — Interest and ' management of the public debt , 28 , 501 , 479 / . ; the , charges on the Consolidated Fund , 1 , 832 , 576 / . ; and the supply services , 34 , 575 , 282 / . The Army ( in this last , item ) figures for 12 , 588 , 736 / , ( including Commissariat , Ordnance , and Militia charges ) ; the Navy ( including j packet service , transports , & c ) , for 9 , 637 , 103 / . ; Mis- - cellaneoiis Civil Services , for 7 , 253 , 059 / . ; the salaries of ; Revenue Departments , for 4 , 474 , 440 / . ; the China Naval and Military operations , for 391 , 943 / . ; and tho war expenses ( Russia ) , for 230 , 000 / . The Civil Listcosts the country 406 , 871 / . ; annuities and pensions , 339 , 405 ^ . ; 1 salaries , & a , 158 , 060 ? . ; diplomatic salaries , fee , 162 , 638 / . ; and courts of justice , & c , 598 , 885 / . j New Peruvian Loan . —It is reported that the 1 eruvian Government propose to contract in . this country a - loan of 10 , 000 , 000 / . redeemable within five years , the whole of tho guano revenue being mortgaged for its ro- j payment . Tho liquidation of the existing foreign debt of Peru , 5 , 400 , 000 / ., is said to form part of the scheme , and it is supposed that the present stockholders will have tho option of exchanging their securities for bonds in tho new loan , or of receiving payment on terms to bo hero- I after adjusted . , j Agricultural Pjrosi » eots in Ireland . —In tho be- 1 ginning of last weelc tho general character of the woathor has been wet and boisterous , but it has since modoratod . It is < m unusual thing to complain of drought so lato in tho winter , but as there is no snow to melt there is a decided deficiency of water , lvain may ultimately como , hqwovor . Farm work is now going on in its regular course , and somo few beans have boon plantod . There lias been a fair supply of seed qualities brought forward , and a suflioicnoy will most probably bo found , although lino samples aro not over abundant . This is , however , not the caso with somo sorts of peas—inoplos in particular aro extremely scarce , and those who will plant this description must make up then- mind to pay vyrv dour fur thorn . Other sorts aro moro plentiful , particularly whito boilers—of tho two latter thoro will be an abundanoo for sood purposes . Tho laud intondod for barloy will bo ready for tho usual period , and thodomand is now coming on . I hero havo boom inoroasotl ilolivorios since prices have advanced a littlo , tho rolurns of tho wook boing larger than tho two previous , but now most probably they will full ofl ' . Of oholco qualities thoro is llkuly to bu a Bcaroity at sood tlraoj whilo of tho medium sorts moro will bo brought out , and olonu parcels , although not so bold , may bo used with oonudoneo . Tho sudden changes

    | in the weather have materially affected the condition of wheat samples , arid this is much against the trade generally . However , the farmers may soon be better engaged than thrashing wheat at present prices . — Freenian ' s Journal . Peel Riveu ; CoMPANT . ^ -There was a meeting of the- Peel River 'Land and Mineral Company yesterday , at which a report of a very favourable nature was read . It appeared that the amount received during the six months for gold licenses \ vas 300 / ., and that sales of live stock had taken place to the extent of 1374 / . 13 s . 6 d . This not being the meeting for the proposition of a dividend , the chairman said the accounts received to that date were satisfactory , and that the finances of the company in London are at present as follows : —Late purchase of Victoria Bonds , 9200 / . ;' on Government security , 8000 / . ; cash at banker ' s , 1632 / . ; and balance of Sanderson ' s loan , 1512 / . 11 s . 2 d . There were only a few observations made , after which the report was adopted . . Government Emigration . —Her Majesty s Emigration Commissioners chartered two ships on the 10 th instant—viz , the Queen of England , 1256 tons , to sail from Liverpool for Sydney , New South Wales , at 15 / . 19 s . 3 d . per statute adult , and the Bride , 060 tons , to sail from Plymouth for Algoa Bay , Cape of Good Hope , at 14 / . 9 s . 5 d . —the former vessel to be ready for the reception of passengers on such da 3-s as m £ iy be appointed between the 21 st and 28 th of March , and the latter any day between the 7 th and 14 th . The Commissioners have given notice of their intention to receive , on Monday next , the 14 th instant , tenders for the supply Of beds and bolsters , either of cotton , flock , cork , or other approved material , for the use of emigrants embarking in Government emigrant ships from the three ports , Liverpool , Plymouth , or Southampton , or each port separatelv , or two together . * % , Trade in China . — The commercial advices by the last mail are dated Hong-Kong , Dec . 30 . They'are as follows : —A fair business has been done during the past fortnight in Canton , and moderate transactions have taken place here also . Exchange has declined . Bank bills on London , 4 s . 7 d . ; credits , 4 s . TAd .. .- Imports have been in good demand , and stocks of English manufactures are small . The following transactions are reported for both places :-Cotton : 2749 bales Bombay sold . Quotations are—for common , Us . 8 to-tls . J . y ; middling to-good , tls . 10 . 3 to tls . 11 ; fme , tls 11 . 5 to tls . 12 . 4 . Cotton Yarn : 376 bales sold . Nos , 28-3 f are much inquired for . Tea : Higher prices paid for each purchase , arid the teamen remain xery firm . It was hoped that the news of the 9 th of November would induce somewhat easier prices , but such has not been the case , the Chinese bomg quite alive to the eftect ol a Short supply , which receives daily confirmation . Only ten chops have come to market during the fortnight , and stocks are reduced to three chops of old congou , six chops new , and eight chops old souchong ; while the total export from China to Great Britain shows a decrease of 4 ,- > 15 , 000 lb ., as compared with 18 o 7-o 8 , and 12 , 180 , 000 lb ., with 1856-57 . The export to America is also 1 , 000 , 000 lb . shorf , and stocks at all the ports are very trivial . ¦ ™ . Tribunal of Commerce . — A meeting of the rribunais of Commerce Association was held at the London Tavern oii Wednesday , Francis Lyne , Esq ., 111 the chair , when a report wus adopted which set forth the proceedings of tlie committee and the progress made 111 the cause . Resolutions strongly advocating the necessity of establishing tribunals or courts of commerce wore unanimously carried . A vast number of letters of apology were read , regretting the inability of tho writers to attend , but cordially supporting the movement . Gossip from Milan . — In this place a stutement is most industriously circulating among tho population and the troops , according to which Francis-Joseph not only holds Italy by right of inheritance , but by tho same title might claim tho throne of France ! for ho w declared to bo son of tho Duko of Roichstadt ( tho first Napoleon ' s son ) . Then it is added that Louis Napoleon is altogether Ulbgitimdto , being tho son of a Dutch admiral , which , tp judgo by his physiognomy , is p . 'obnblo enough andsogossi ? runs . I don ' t think , however , tW people aro in ftny mood to pay attention to . thoso mysteries . Tho Oarabba , or etrcot-lads of tins cl y , Jo not , at all ovonts , show much respect for them , Co hey scoin certain that war will take place , or I'laurroci on , and tho five days of 18-18 bo renewed , tt Lou Hey soo a picket of soldiers they approach , ami n Wni . " January , February , and---March -a l . loco ol pleasantry much wlUUod hove . —ldoffrtwh Con e-^ aSSval ortii « Dha ^ wan Maiu-WHw . tho Avon boliovocltho Amt'i'loana would bo defeated . , S InViah LoANs . ^ According to rumour , tho BriUsh Government wlU propose a loan of three or torn ; millions i ! l Kxohoquor Bonds or Bills , m * another ol aide or eovon mllUons for India .

• Citation
  • Leader (1850-1860), Feb. 12, 1859, page 29, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_12021859/page/29/