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Northern Star (1837-1852), 19th March 1842, Edition 3 of 5, Page 6, Untitled Article

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    • 3Smptviia 39arltatn*ttt .
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      3smptviia 39arltatn*Ttt .

      3 Smptviia 39 arltatn * ttt .

      Untitled Article

      The following report was pnblished by us in a late Edition on Saturday last : — T ' ae Budget is at length out . We give belo"w at great length , the speech . of Sir Robert Peel . He is a bold man . He tells the country plainly that he will not reduce the public expenditure t he admits honestly that the poor are robbed already as much as they well can be ; and he proposes to tike ,-directly , from the pockets of the Moneyocracy the sum of ^ £ 3 , 755 , 0 * 0 for meeting ihe deficit of the revenue , in the shape of an Income

      Tax . In this measure he says , that his colleagues unanimously concur . We shall see what effect this proposal will produce upon the monied classes . There will be » precious stir ! we calculate nprm having Chartists springing up like mushrooms ! Let not the people howeTer be fooled by all this . Whoever pays the Three Millions directly , thet will have it ah . " to . pay ik ths'losg bcs . Sir Robert Trill make no reductions . The whole dead weight must still hang upon our necks , and will do so while we consent to carry it . It is not in faction to relieve the people honestly ! -

      Untitled Article

      _„ - ^> HOU 5 E OF COMMONS , Fbidat , Masch llm In answer to a question from Mr . J . S Wortley , the fearful accounts from India were confirmed by . Sir R . Peel . Some other business of Ies 3 consequence transpired , after which the Right Hon . Bart , brought forward his

      BUDGET . The Order of the Day for the House resolving itself into a Committee of Ways and Means having been read , and the Speaker having left ths chair , Sir ROBERT PEEL rose , and addressed the House as follows : —Sir , —As the House ha 3 consented to vote those estimates ^ which her Majesty ' s Government have considered it their dnty to propose for the chief military establishments of the country , I rise for the purpose of redeeming the pledge which I gave , that I would avail myself of the earliest possible opportunity , consistently with Parliameniary usage and public interest , to derelope the views of her Majesty ' s Government in - reference to the financial and commercial policy of the country .

      Sir , no man can feel more deeply than I do the magnitude and extent of the duties that devolve upon me—no man can feel more conscious than I do , how dieproporaonate are my intellectual powers to the proper performance of these duties . But I should be unworthy of the trust committed to me—I shonld be unfit to attend in this . place , in which Ministers of the British Crown have stood , if I conld feel disheartened or disturbed—if I conld abate anything of that composure and contentedness of mind , or of that buoyancy of spirit , which ought to sustain every public man when he enters on the fearless and faithful discharge of a great public duty , and when he is conscious that he is actuated by no motives that are cot honourable and worthy , and when he feels a

      deep and intimate conviction , according to the best calculations which his imperfect and fallible judgment can enable him to form , that that which he is aboiJt to propose is conducive to the welfare—he might almost say essential to the well-being of this great country . Sir , from seme of the embarrassments which accompany an official statement lam relieved . It is sometimes necessary to maintain grea : reserve—to speak with great caution ; a due regard , for the public interests may require—may impose on you the duty of making partial disclosures of important facts ; but , Sir , I am embarrassed by no fetters whatever —( cheers . ) I mean to lay before yon the truth , the unexaggeraied truth ; and I do this because I think that in

      grea : financial difficulties the first step towards improvement is to look them boldly in the face —( hear , hear . ) What is trnB of individuals—is true of nations—( hear , hea-, hear . ) There is no hope of improvement or recovery , if once you consent to conceal from yourself the real difficulties with which yon have to contend . Sir , I h * Te another motive for making a full and unreserved disclosure . It is my intention , on the paxt of her Majesty ' s Government , to nndertake the responsibility of proposing that which 'we think essential to fee interests of the country . With you will rest the responsibility of adopting or rejecting the measures which we propose ; and it is therefore fitting , in order that you may bs able to

      discharge thai duty , that you -hould have before you every information—every element which is necessary to enable you to fora a full and impartial judgment . Sir , I havo two requests to make to the House . The first is , that you will bear in mind that from the period when I bring forward this statement , I am left under comparative disadvantages —( hear . ) . I spesk particularly with reference to the estimates which I hate formed from the probable revenue of the country . I have deemed it my duty not to delay the voting of the supplies until thefinanr-ial acconata or the year shall be dosed . If , after my estimates have been formed , with every desire that they shonld be fast and accurate , I should prove to be mistaken , I trass the House will bear in mind that I labour

      under disadvantages with which others have not had to contend . The other request 1 have to offtr to the House is , that you would have the goodness to postpone your judgment until I have laid before you my whole plan , and that you will not judge hastily , by a partial development of my views , nor denounce me as proposing something unreasonable and inciting to the people . I earnestly hope that every mac , giving to the consideration of this question a full sense of the real , buj not insuperable difficulties , will postpone his judgment until he has before him the whole of the plans of the Government—( hear , hear , hear . ) 1 shall now proceed , Sir , in the ordinary manner , to state the facia with respect to the finances and expenditure of the country , and I

      ¦ will , in the first instance , refer to the es'imate which was formed by the Right Hon . GentltE ^ in the late Chancellor of the Exchequer with respect to the probable revenue and expenditure of the country , on the 5 th of April , 1842 . Events have proved that that Right Hod . Gentleman ' s estimate was as nearly correct as it is possible fer an estimate to be . ( Hear , hear ) I think the Right Hon . Gentleman calculated that the income of the country might be expected to realise the sum of £ 48 , 310 , 000 . He calculated the expenditure for the same period , that is . for the year ending the oih of April , 1842 , at s £ 50 , 731 , O 00 . There were some slight variations in the votes which , of course , the Right Hon .. Gentleman could not foresee at the time when he was

      speaking . Ther « was , I thick , a vote for iheOrdinance Estimates , which was made in the first session of the present Parliament , and another for the Caledonian Canal , which were omitted in his calculation ; bnt the amount was so small , tbat it was liardly worth mentioning . The deficit was ^ £ 2 . 467 , 000 . Of course it is impossible to say whether the Right Hon . Gentleman ' s estimate were perfectly accurate or not , because the proportion for one quarter is not given . The actual produce , however , of the Revenue , from 5- -h April , 1841 , to the 26 ih of February , 1842 , was £ 43 , 733 , 000 . If you estimate that the receipt for the current quarter of the present year tpjII be equal to the receipt of the current quarter of the last year , you must add to the actual receipt , the sum of

      j £ 4 , 323 , 000 ; consequently the revenne would amount on the 5 th of April to £ 48 , 053 , 000 , being less than the amount estimated by the Right Honourable Gentleman by £ 160 , 000 . On the other hand , the expenditure -will tot probably be so great as he estimated . The actual amount of deficit may probably be taken at £ 2 324 , 000 . As I ' said before however , I speak to \ be estimates , independent of the last quarter . 1 am giving the best estimate which I can form . I now proceed to estimate the income for the year ending the 5 th of April , 1843 . The Customs for the ensuing year I estimate at £ 22 , 500 , 000 . The Excise , on account of the unfavourable seasonfor maltinglcalculate at £ 13 , 450 . 000 Of course , as a favourable harvest has a tendency

      to increase the excise revenue , it alse has a tendency to diminish the amount of revenue from the im portation of foreign corn . On the other hand , if there be an unfavourable harvest , and your Excise revenue is in consequence diminished in amount , then there Is sonjecompe ^ sation tobe expected from the reieaue which is derived from the import r . f fyreign corn . I fhall then take the Customs for the year , ending the 5 th f April , 1843 , at £ 22 ^ 00 , 000 ; Excise , £ 13 , 450 , 1 ) 00 ; Stamps , £ 9 , 100 , 000 ; Postoffice £ 500 , 000 ; Crown Lands , £ 150 , 000 ; Miscellaneous Items of revenue £ 250 , 000 , making a total estimated Tevenue for the year ending the 5 th of April , 1843 . of £ 48 , 350 , 000—( hear . ) Ihe expenditure , now that the House ha 3 Banct'cneJ thsiotes for the Army and Navy can be estimated with greater accuracy . The interest on the dett will be £ 24 627 , 000 ; terminable annnitie ? , £ 4 , 076 , 000 ; interest on Excheqner Bills £ 722 , 000 ; making the

      total charge on account of the debt £ 29 , 425 , 000 . The charges on the Consolidated Fund , including the Civil LUt , I take at £ 390 , 000 . The items under this head are so numerous that , 1 suppose , the House will not require me to ko through them all . f shall then take ths whale of them at £ 2 , 368 , 000 , making a total Charge on th « Consolidated Pond of £ 31 , 795 , 000 . The vot > s for the Army if ultimately sanctioned ^ rill nctamountt- » more'han £ 6 , 617 , 000 ; navy , £ 6 , 639 , 000 ; ordnance , £ 2 , 084 , 000 ; miscellanies chargeable npon the annual grant of Parliament , £ 2 , 800 , 000 . The Tote for Canada , including clothing for volunteers , and other particulars , £ 108 , 060 . It was formerly understood that a corresponding amount would be expended on fortifications in that country . The expenditure for China I take at £ 675 , 000 for the present year . The rote for China consists of two parts , £ 175 , 000 to defray the arrears of expenditure for the present e * r . The other vote is . £ 500 . 000 . to

      Untitled Article

      meet the charges whioh are necessary to provide for the actual expence during the year ending the 5 th of April , 1843 . The total amount of the estimated expences of the country will thereby be £ 50 , 819 , 000 . The general expenditure of the country , for the year ending the 5 th of April , 1843 , 1 take to be £ 40 , 819 , 000 , the income at £ 48 , 350 , 000 , and the probable deficiency £ 2 , 569 , 000 ; but this deficiency is on the vote for the year , and the expenditure which it will be necessary to provide within the year . To that deficiency ought to be added the charge which may be unavoidably incurred on account of Chinese hostilities . I do not contemplate any necessity to provide within the year for more than £ 506 , 000 ; but he would form a very inadequate estimate , indeed , of

      the probable cost of the expedition , who should think that the whole expence would be limited to £ 500 , 000 —( hear . ) Sir , the expence of our expedition to China stands thus : —The arrears of sums due to the East India Company , to April 30 , 1841 , amounted to £ 708 , 000 . A grant was made in the Bession of 1840 of £ 172 , 000 . This left the arrears of former years to be provided for in 1841 , £ 535 , 000 . The estimate of the expenditure to the 1 st April , 1842 , was £ 658 . 000 , making the total charge to April , 1842 , nearly £ 1 , 200 , 000 , or exactly . £ 1 , 119 , 000 . There was applied to that charge a grant of Parliament in the Session of 1841 , amounting to £ 400 , 000 , and there was also applied in India money out of the ransom of Canton amounting to £ 618 , 000 . You therefore have

      to settle for the cost of 18 * 1 thus : to be entered against the charge of £ 1 , 193 , 000 , a set-off of actual payment of the amount of £ 1 , 018 . 000 , and the arrears now amount to £ 175 , 000 . Looking to the extent of the preparations which have been made for the continuance , I trust for the completion , of the Chinese war , I think you cannot safely estimate the cost for the year ending 5 th April , 1843 , at much less than £ 1 , 400 , 000 . We make provision in the present year for £ 500 . 000 ; but let us take the cost at £ 130 , 000 , which is the lowest at which it can be fairly taken , there will be a deficiency some time or other to be provided for of not less than £ 800 , 000 . Therefore to my estimated deficiency on the vote of £ 257 , 000 , yon mnst not lose

      sight of a probable demand of £ 700 , 000 , or £ 800 , 000 . There may be votes in addition to these—there may be votes on account of Australia , and other Colonies , which are not included in the sums I have already stated . I do not take into account a charge which it will not probably be necessary for us to incur—it is not exactly a charge ; but there are engagements into which it is necessary we should enter \ n aid of the credit of Canada for a loan to that colony of £ 1 , 500 , 000 . But that , I apprehend , will be independent of any actual charge , and the grant will merely be passed on the part of the country in aid of the credit of Canada , At tho same time His fitting that the whole state of our financial affairs should be fairly brought before the House . Now , in addition

      to all this , those facts of which we have recently become cognizant , which have taken place in Afghanistan , may as far as I can form a judgment , imposed , upon her Majesty's Government the necessity of calling upon Parliament to sanction perhaps a considerable increase to the Army Estimates for the present year . I do not think it advisable that we should come to any hasty decision upon that subject , in the absence of official information , bst I have already received decisive proofs that this House , the representative of a great people , will be ready to make every effort which can be shown to be necessary for the purpose of repairing occasional or partial disasters , and vindicating the authority of her Majesty in India . Bear in mind , that in addition to any

      estimate of an actual deficiency of £ 2 , 570 , 000 , in addition to my estimate of the deficiency which must some time or another be provided for on account of the possible expenses in China , you must add that probable demand which I may have to make for an increase of the military or naval establishments of this country , in consequence of the state of our affairs in India . Sir , for the purpose , as I said before of bringing before the House a full and complete , view of our financial position , I feel it my duty to refer to a subject which has of late occupied little of the attention of the Honse , but which , ! think , might with great advantage , have attracted more of their consideration . I refer to the state of onr Indian finance , a subject which , in former days , used to be

      thought not unworthy of the consideration of Parliament . Sir , I am quite aware that there may appear to be no direct and immediate connection between toe finances of India and the finances of this country ; but that would be a superficial view of the Btate of our relations with India . Depend upon it , if the credit of India should become disordered— if some great exertion should become necessary on the part of the Indian Government —then the credit of England will be made to suffer , and the collateral and indirect effect of disorder in Indian finances will be instantly felt in this country . I am sorry to say that the Indian finances offer no favourable prospects at the present moment , for the state of the finances of this country .

      I believe the Indian accounts are made up one month later than the account * in this country . With regard to the account , I have every reason to look on it as a correct account of the position of the revenue of India . This account gives a statement of the gross revenue in India , the charges paid ; and there are two columns containing an account of the surplus . In the year ending April , 1836 , there was a surplus amounting t > £ 1350 , 000 . In the year ending 5 th of April , 1837 , there was a surplus of jCI , 100 , 000 . Ou tuc Stli April , 10 * 38 , It Was reduced to £ 650 , 000 . On the 5 th of April , 1839 , there was a surplus of = £ 280 , 000 , and on the 5 th April , 1840 , so far from there being any surplus , there was a deficiency of £ 2 , 414 , 000 . I cannot calculate the

      deficiency for the year 1841 at much less than £ 2 , 340 , 000 . The House . then , will bear in mind that in the fulfilment of the duty which I have undertaken , I present to them a deficit in the finance of this country for the current year to the amount of £ 2 570 , 000 . How shall that deficiency be supplied ? Shall we persevere in the system which we have acted upon for the last tweaty-fiTe years ! Shall we , in time of peace , have resort to continual loans ? Shall we try the issuing of Exchequer-bills ! Shall we resort to the savings' banks ! Shall we have recourse to any of these expedients which ( call them whatever you please ) are no more nor less than a permanent addition to the debt of the country !—( " hear , " and cheers . ) Here we have a deficiency of nearly £ 5 , 000 , 000 in two years ; and now I will ask what prospect we have of a reduction in our expenditure ? Do you calculate , looking , without entering into details , looking at the condition of the whole of

      our extended empire , and the demands which are made upon ns for the protection of trade , and bearing in mind also the intelligence which has lately reached us ; looking , I say , at all these things , do you calculate that with regard to the duo honour aud safety of the Crown and the country , that there is any prospect of a reduction in our expenditure ! 1 am bound to say I cannot . Is this the occasion of a casual deficiency in the revenue ! Is it a deficiency arising out of extraordinary circumstances 2 Is it a deficiency for the last two years ? Sir , it is no snch thing . It is a deficiency which has been gaining on ns for the last seven or eight year 3 . The deficiency in the revenue on the 5 th April , 1838 , was £ 1 , 428 , 000 5 th April , 1839 , £ 430 , 000 oih April , 1840 , £ 1 . 459 , 000 5 ih April , 1841 , £ 1 , 851 , 090 5 th April , 1842 , £ 2 , 334 , 000

      Thus showing a deficiency in these four years of £ 7 , 502 , 000 . In addition to thia there was the anticipated deficiency of the year 1843 , which he estimated at £ 2 . o 70 , 000 ; thus , adding this te the deficiency already mentioned , there was a total deficiency for the six years , in reand numbers , of £ 10 , 070 000 —( hear , hear . ) I have here made a full and unreserved statement to the extent of the deficiencies which Parliament has to meet . I do so , in order that the House may be made acquainted with the exact state which the country is in , and in the full confidence that the resources of this great community are equal to the demand to be made upon them , and in the belief that the energy aud wisdom of Parliament will be ready to direct these resources

      in a manner suitable to the occasion —( hear , hear . ) Well , with this Iproof of the deficiency before you , will yoa have recourse to the miserable expedient of a-loan ? 1 certainly shall not be a party to such a course , ( hear , hear . ) With these facts before my eyes , I would not disgrace the situation which I have the honour to occupy by such expedients ; and 1 hardiy think that Parliament will adopt a course which is so extremely objectionable ( hear . ) I hardly think that you , who have reduced the charges connected with the postage of the country , and who have in the preamble of the bill in relation to that subject , pledged yourselves to redeem any loss arising from the reduction which has taken place in consequence of that reduction—you will not have recourse to the

      expedient to whicn I have referfed . I therefore call on you to redeem the pledge which you have given , and which I warned you not to give , ( . hear , hear ) ; but having given it , I call on you now to redeem it . If , however , you are not bound by the pledges of your predecessors , you are bound at all events b y the engagements you have made ; for almost the first vote you gave after your election was the adoption of a resolution to the effe't , that it waa impossible any longer to permit the state of things which existed , and which presented nothing but a continual deficiency of the revenne , and that you would apply yourselves without delay to the consideration of the

      financial state ef the country , with the view of adopting some means for equalising its revenue and expenditure—( hear , hear ) . I apprehend , therefore , that with the universal consent of this House , and of the country generally , I may abandon the consideration of any scheme that would propose to supply the deficiency oy any such miserable devices , ( cheers . ) If I must have recourse to taxation , shall I then levy it on what is called articles of sustenance—on those articles which may appear to some as superfluities , but which are * known to constitute aatic ! es of necessary consumption ! No ; for my part I cannot consent to a system of taxation which can possibly have this effect ; and I say , moreover , that I think I have given you conclusive proof that we have already ar-

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      rived at the utmost limits of this description of taxation—( cheers ) . I am speaking here of articles of luxury ,-which appear not to constitute ths articles of consumption amongst the labouring classes —( bear . ) The Right Hon . Gentleman opposite attempted to redeem the pledge which had been given by Parliament to repair the deficiency in the revenue caused by the defalcation in the Post Office ; and he accordingly proposed , in the year 1840 , that five percent , duty should be levied on articles of customs and excise , and ten per cent , on the assessed taxes . The nett produce of the customs and excise , ending the 5 th of January . 1840 , was £ 37 , 911 , 000 . I wish now to carry your judgments with me , for lam about to show you that the means axe exhausted by which men

      think they could possibly find a remedy for the deficiencies that exist . ( Hear , hear . ) Now the estimated produce of the increase of 5 per cent , on articles of consumption was £ 39 , 872 , 000 ; the actual increase was £ 38 , 182 , 000 ; the actual addition estimated to be gained by such 5 per cent , was £ 1 , 833 . 000 ; instead of that sum the actual increase was £ 262 , 000 ( hear , hear ;) that is , instead of producing 5 per cent , additional , it has been little more than a J per cent . —( hear , hear . ) On the other hand , the estimated result of thejincrease of the ten percent , on the Assessed Taxes has been fully realised . Making an abatement for the depression of trade , I think none can resist the conclusion that the five per cent , upon Customs and Exciue will end in nothing but failure—( hear , hear . ) I will then discard the notion of supplying the deficiency by incurring fresh debt ; and 1 have attempted to oarry your conviction with me that we cannot look to increased taxation

      on articles of consumption . It is possible to resort to another means . Shall I revive old taxes that have been long abolished ? Shall I look to the Post-office as a possible mode of increasing the revenue ? I will not say that the Post-office ought not to be a source of revenue ; but I will say that the measure has not had complete and fair trial . I am so p ensible of tho many advantages that result from that measure , that I should not consider myself justified in recommending any change for the present year—( hear , and cheers . ) Shall I , then , revive the taxes that were laid upon the great articles of consumption , and which were very productive ? Shall 1 revive the taxes upon salt , upon leather , and upon wool ? I don't know that with respect to some—a 3 regards leather , for instance—I don ' t know that the reduction took place with fairness—( cheers . ) Sir , I am very much afraid that the full amount of the benefit in that direction

      was not carried to the account of she consumer—( cheers . ) I believe that you omitted to adopt tho measure which you ought to have adopted contemporaneously with the reduction of the duty upon leather , namely , the reduction of the duty upon the import of foreign hides—( hear . ) Sir , I fear you reduced the duty but to promote a monopoly at home . But , Sir , the question is not now whether we shall reduce the existing duties—tha question is , whether we shall revive a duty that has been abolished , and upon the faith of the abolition of which various contracts and commercial and manufacturing arrangements have been made . I do not think I need argue against the revival of the duty upon salt , leather , or wool . Sir , shall I , then , resort

      to locomotion—( a laugh ) ?—shall I increase the tax upon railways ? I confess that nothing but hard necessity should induce me to derive revenue from them . Well , then , Sir , I have gas —( laughter . ) I should be also most unwilling to place a tax upon gas , and therefore I range the taxes upon locomotion and upon gas light in tbe Bame category as the taxes upon salt and leather . Shall I hope for an increase of revenue from diminished taxation—( loud cheers ) ? Before I apply myself to this , let me remind you of the extent of your difficulties . I have confirmed confidence that there is a buoyancy in the consumptive power of this country to realise ultimately an increased revenue from decreased taxation ; but it requires a long process before that end can be attained . 1 have the firmest belief that any such plan as that

      proposed by the late Government , or any other plan for raising the revenue by diminishing taxation , ¦ will not afford any immediate relief for the supply of any present deficiency . I have looked with considerable attention to tbe effect produced by the reduction of taxation on articles of great consumption . I do not find in many cases that elasticity which gives you , after a lapse of time , increased revenue ; but 1 do find in almost every case , if not in every case without exception , that the interval of time which elapses before the same amount of revenue is received , is very considerable . On that ground , then , Sir , I am led to believe that with the present deficiency , which it is necessary to provide for , you cannot look to supply that deficiency by a mere reduction on articles of consumption , if you resort to that as the onlv meanB of supplying it —( hear , hear . )

      THE NEW TAXES . I will now state what is the measure which I propose , —( hear , hear , )—which I propose under the sense of public duty and under a deep conviction that it is necessary for the public good . I shall make an earnest appeal to the possessors of property . ( Cheers . ) Sir , I propose for a time , and I never had occasion to make a proposition with a more thorough conviction that it is one which the public interests of the country require—I propose that , for a time to be limited , the Income of this country should be called upon to contribute a c . rtain sum for the pn ^ pooo of romodying those mighty and growing evils . I propose that the income of this country should bear a charge not exceeding 7 d .

      in the pound , —( hear , )—not amounting to 3 per cent ., being a- charge of £ 2 18 a . 4 d . per £ 100 , for the purpose of not only supplying tbe deficiency iu the revenue , but of enabling cue with confidence and satisfaction to propose great commercial reforms , which will afford a reasonable hope of reviving our commerce , and m&kiog that improvement in our manufactures , which will soon react upon every other interest in the country ; and which , inapecuniarypoint of view , will , by the diminished cost of articles of consumption , and by the diminished cost of living , be a compensation almost to every one for the pecuniary charge , but which by relieving you from the continuance of this mighty evil will more than compensate you for the amount . 1 propose that the

      land occupied by tenants shall be estimated and taxed at half the rent . I also propose , for I see no reason why it should be otherwise , that all funded property , whether it be the property of natives of the country or of foreigners , should participate in the charge , and be subject to the same burden . This is the nature of the proposition which it is my intention to make ; which I make with the full , the unanimous concurrence of my colleagues —( hear)—and with the deepest conviction on their minds , as on mine , that it is wise and necessary to impose this tax . [ The Right Hon . Baronet , here entered into along list of calculations as to the estimated amount of this tax , which he gave at about £ 3 , 775 , 000 , and which he thought should continuo

      for five years ; but he would for the present limit the duration so as to give Parliament the opportunity to sanction the further continuation of , the tax , at the end of three years . Ho felt some difficulty in applying this tax to Ireland , because there existed in that country no machinery for its collection . He thought , however , that Ireland should pay her quota ; but if ether means of raising it could be devised , he should prefer them . ] I propose , therefore , to levy a duty of If . a gallon upon Irish spirits , and I firmly believe that to Irish difetiDers , and to Ireland itself , considerable revenue may be derived , not only without inconvenience , but wit i positive advantage . I hope to realise from this £ 250 . 000 . The other sources from which I wish to

      derive some inoome , making with the former an equivalent for tbat I might have hoped to have received fiom a property tax , are perfectly legitimate , and their effect in operation will fall upon property . I propose , in respect to tho great mass of articles , particularly in respect to all those connected with property , to equalise the stamp duties in Ireland with those in this country . I expect £ 160 , 000 on account of the equalisation of stamp duties . And this to the £ 250 , 000 to be derived from spirits , and I obtain from Ireland £ 410 , 000 , and I have the most perfect conviction that this were better , under existing circumstances , than if I had advised a new duty , and imposed a direct tax upon property . Then with respect to the Absentees —( hear , hear , ; hear ) , I

      propose that they should contribute to the property duty . By returning to their native country , and spending their incomes upon their estates , they may escape the levy which I mean to propose ; but by residing in this country , without any call of public duty , 1 think they ought to be subject to a tax—( cheers . ) Sir , there is one other duty which I propose to impose . At present there is a duty imposed by the law of 4 s . per ton on coal exported in foreign ships . At the time : that was imposed the policy of the law was of course to require revenue ; but there is no duty imposed upon coal exported in British ships . The operation of the reciprocity treaty has beea to exempt foreign ships from the payment of the duty , whioh was originally contemplated to be levied upon the export of coal ; and I must say , that I cannot conceive that there is any more legitimate object on which to impose a duty than upon coal exported to foreign countries—( hear , hear . ) I speak of a reasonable impost ; and upon an article produced in this country , the element of

      manufactures , necessary for the manufacture , contributing by its export to excite competition with the home market . If I can raise a reasonable amount of duty from a tax upon British coal exported to foreign countries , I think it a legitimate source of revenue . The sum derivable from it may be estimated as amounting to about £ 200 , 000 ; an amount which will be no inconsiderable increase to the revenue , and which will operate as few taxes dp , to the encouragement of native industry and domestio manufacture . Now having stated to the House all the taxes I mean to propose , perhaps it may be convenient that I should show the total amount which I expect to derive from them . I speak of th » produce of them from the 5 th of April , 1842 . I propose that the new taxes should have operation from the 5 th of April , 1842 . I calculate on obtaining from these sources a total amount of £ 4 , 310 , 000 —( here an observation was made by Lord John Russell , which did hot rea > ch the gallery . ) Yes , that will be altogether

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      £ 480 , 000 . I deduct now from that sum of £ 4 , 380 , 000 the estimated deficiency for whichI must provide . That deficiency is £ 2 , 570 , 000 , which will leave a Burplus of £ 1 , 800 , 000 . The House must recollect that the deficiency was on the votes of the year . I have to add to that the excess of the expenditure in China , an excess which cannot be estimated at less than £ 800 , 000 . The expenditure that will frobably arise from the position of our affairs in ndia , may be calculated to require also a very considerable deduction to be Made from our estimate of surplus ; but reserving these matters ^ I calculate on a surplus of £ 1 , 800 , 000 . The question thenj is , how am I to deal with that surplus in a manner which I consider . the most conducive to the interests of the community , the most consonant to public fee ] ing , and the beat calculated to effect a great improvement in our commercial relations—( hear . ) -

      , PKOPOSEI ) REDUCTIONS . Sir , I look to the tariff , and I find that it comprises i not less than 200 different articles which are subject to various rates of duty ; and during the interval which I have been in office I can only say , that each individual article of that tariff has * been the subject of careful consideration by ; the Government—( hear , hear . ) In the case of each article we have attempted , ae well as we could , to determine what is the proportion borne by the duty in each case to the average price of the articles / for the purpose of ascertaining to what extent it may be desirable to make reductions in the various duties —( hear , hear , hear . ) Sir , the measures which we propose , will include in their general principles a

      complete revision ot the duties afiectmg : those articles , aud a general alteration of our commercial tariff—( cheers . ) The measures which we propose , wjll proceed upon those principles for the complete revision of our tariff , which upon mature consideration , we have thought neces .-ary—( hear , hear . ) The general principle upon which we will proceed will be , first , the removal and the l'olaxa' ion of duties of a prohibitory nature ( hear , hear , and loud cheers ); and secondly , a reduction of the duties upon the raw materials for manufactures to a very considerable extent ( renewed cheering from the opposition ) . In some cases I propose to retain merely a nominal duty , for the purpose of affording statistical information ; and in no case , er in scarcely any case , will we

      propose to lay a duty upon raw materials for manu factures exceeding 5 por cent ; and as I said before , in many cases the duty will be merely a nominal one ( hear ) . With respect to the duty upon articles which are partly manufactured , I also propose a considerable reduction , in no carte to exceed 12 per cent . I don't mean that this 12 per cent , should be applied , but thatris the general principle and re aximum of duty which T shall reserve , with the exception Of certain articles to which I shall call the attention of the hoii 3 e by and bye . Now the course which I shall pursue w . i . 1 , 1 be to have the whole of the tariff arranged under ! twenty different heads . For instance , under the first head we shall have included' live animals and provisions of all kinds ; under the

      second head spices ; under the third all description of seedB ; under the 4 th wood for furnitore ; and under the 5 th ores and minerals ; and in order to relieve myself from the necessity of going through the whole mass , I will propose the amended scheme of the i tariff ( loud cheers and- counter cheers ) , as clearly as possible under twenty different heads , classing , as nearly as may bo , articles of the same description and character . Each of these Bobedules will contain five columns In . the first column will be the namo of the article ; in the second , the rate o ? duty ; iu the third , the amount of duty actually received ; in the fourth , the proposed rate of duty to be 'levied on tho article on its importatjon from foreign countries ; and in the fifth , the proposed

      rate of duty on tho imports from British colonial possessions . Now it appears that I cannot lay the scheme before the House in any clearer way at present ; for to attempt to go through the whole at present would be only to add to the great labour of the duty 1 am discharging , and fatigue the House . Bui ; here is the whole of the tariff under these different heads , and on Monday morning next the schedule wilt . be laid upon the table for the information of the commercial world . Of 1 , 200 articles of consumption , 1 propose to reduce the duty on 750 of them . These latter articles have relation to manufactured articles . With respect to the 450 articlea I do not propose to reduce the duty . lam influenced in this view of the matter in consequence of the

      very trifling difference between the duty and the actual cost of the article . But with respect to the other .. 750 ^ articles , I do propose to reduce the duty feiost materially . There are somo important reductions which I intend to make in these article ., partly from consideration in reference to revenue , and partly from this mot ^ vA There were several treaties entered into by this country with other countries , which are Etill pending . There was the treaty which had been entered into by the Noble Lord opposite ( Lord Palmerston ) , with Portugal , and which would havo been completed but for the troubles which have taken place there . We have also opened a negociatioh with Spain , with respect to commercial matters , and we

      havo strongly urged upor Spam the beneficial advantages that would result from such a treaty being carried out . All I can say is , that the proposition has . been ' most favourably received . Similar negociations were also pending with South America , and we have intimated to- ' . rranco-- that we should be happy to resume negociations in relation to the commercial treaty which had been proposed by the Noble Lord . I should be glad of the treaty being carried out , for it would strengthen the ties of amity and of friendly consideration between this country and France . I believe that France would be a gainer , both morally and commercially , and the industry of both countries would be benefitted i if those duties which interfere with trade were relaxed .

      This at all events would be the re * ult , that the benefit obtained by one commuaity will react npon the other I say nothing of any probable period at which the treaty with Frauce may be signed . I can only say that it is my ultimate hope and conviction that the public miud of France will support the government in such a measure . Now while these treaties are pending , there are several articles which would be included in the negociations in respect Of which it would be impossible to advise the House t » make an immediate reduction . I think when we make relaxations , we ought also to make the country to be benefited by it grant to us correspondent advantages . I therefore think , to ensure this end , that it would not be wise to reduce the ameunt of duty on

      those articles which must form the basis of negociation . Therefore I do not propose a reduction on the amount of duty ott brandy and wine , cherishing the hope that the duty may be relaxed when corresponding relaxations are made by foreign countries to bo benefUted by the relaxation . Again ! with respect to the various fruits on which I am most anxious to relax the duty , but which form the basis of negotiation , I propose for tbat : purpose to retain it ; not , I say , with reference to revenue , but simply to facilitate negotiation . I do not think that it is necessary for me to specify the other articles which will appear in the schedule . Noiy , these various reductions , the removal of prohibitions , the revisal of prohibitory duties , the reduction of the duties on

      articles suchs a oils and ores , having a tendency to remove the burdens on commerce ; these various reductions may , in my opinion , be the mode of conferring great advantages on the manufactures of this country , without incarrmg the risk of greater loss to the revenue than about £ 270 i 000 . Having thus spoken of articles used in manufactures , I now apply myself to the consideration of the reduction of : duties on great articles of consumption . The chief articles of consumption to which I shall advert are sugar , coffee , and timber . With respect to sugar , I wish it wereinmy poyver to state that her Majesty ' s ministers deemed it consistent with their duty to say that they could advise any alteration of the duties on that article . [ Tho Right Hon . Baronet then went at length

      into the reasons of his Government for proposing not toaieturb the existing duty on sugar ;] Withrepect to coffee , I am sorry to say that during the last year there has been a reduction in the consumption . Thire has been an increase in the consumption of sugar , but a decrease in that of coffee ; I suppose I need scarcely inform the House what the present amount of duty Oh coffee is . On foreign coffee the timber is 10 s . a load , and here also , the average duty may be taken at 8 s . or 9 a . a load . ( Hear . ) In the year ending April 1844 , I propoae that the duty on foreign timber should be reduced to 25 s . I propose also , that in the year ending April , 1844 , the duty on deals should be reduced from 30 s ., which is the proposition , with regard to its immediate

      operation , that it should bo reduced to 20 j ., and in like manner , that oh that year the duty on lath wo . duty is now Is . 3 d . per lb . ; on coffee from the British colonies 6 d ., while on coffee imported from British possessions within the limits of the East India Company ' s Chattef the duty is 9 d . ; the effect of this is , that a considerable quantity of coffee , the growth of foreign countries , comes into competition with our own produce , exempt from the duty of Is . 3 d . It is sent from Brazil and Hayti to the Cape of Good Hope ; and the mere fact of its having been there , intitles it to come in at the duty of 9 d . —( hearj hear ) . It may cost them Id . per lb . for freight , &c , but even then it comes into competition with the produce of our own colonies at a duty of lOd . I propose to reduce the duty on coffee the produce of

      British possessions to 4 d . per pound , and on coffee the produce of all foreign countries to 8 d . Assuming that there will be no inorease in the consumption , tho loss from this reduction may be taken at £ 237 , 000 ; but , assuming an increase in the consumption to the amount of ton per cent ., the loss , in suoh case , would then be £ 171 , 000 . Now add this amount to the loss which I have already : estimated , the total amount will be £ 270 , 000 . I now come to the duty on timber . In respect to this question we are embarrassed with the consideration of the state of the interests of our Canadian colonies . The present rate of duty on foreign timber is 55 s . a load ; but the duty on timber is now levied in a complicated and unfair way . And in taking the average amount of duty on foreign timber , including the duty on deals , staves , and laths j taking the whole together , the aggregate amount will not exceed 41 s . a load . The duty on colonial

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      should be reduced to 20 s . I propose that the duty Upon colonial- timber s'lould be reduced to Is . a load ; that the duty upon deals should be to reduced 2 s a load ; and that the duty on lath timber shall be reduced to 3 s . a load . I estimate the total loss in this respect at not less than £ 600 , 000 a-year . I propose to remit altogether the duties on the export of British manufactures (" hear , hear" ahtl cneers ) , ; Whioh I find will incur a Ios 3 to the revenue of £ 102 , 0001 . a-year . I will call your attention to the duty upon stage coaches ; aadin dealing with this question you must consider the amount of competition which the proprietors of these stage coaches have to contend against , especially on those lines of road where railways have been established . I propose , with

      regard to stage coaches , an uniform mileage of l ^ d ., and tp take off altogether the assessed taxes —( cheers . ) This proposition , if assented to by the House , will lead to a loss of revenue amounting to £ 61 , 000 ; bat it is a loss which I feel can be vindicated on the ground of strict and impartial justice—( cheers . ) I also propose to take off the duty imposed upon persona who are in the habit of letting job carriages , and which will lead to a loss in the revenue of £ 9 , 000 , making a total loss in this department of the revenue of £ 70 , 000 . And how I will shortly reyiewj at this stage of my statements , the whele of the financial arrangements * I calculate that the deficiency iu the revenue u >

      to the 5 th of April , 1843 , will be £ 2 , 570 , 000 . The reduction oh articles of tariff will not entail a loss of more than , £ 270 , 000 . The loss on cotton £ 170 , 000 , the loss on timber < £ GOO , 000 , the loss arising from the repeal of the export duty on ^ British manufactures £ 100 , 009 , and the loss from stage coaches £ 70 , 000 . The total loss to the community in consequence of the reductions which I propose will be £ 3 . 708 , 000 . Against this I ha ^ e to place the amount of the increased revenue which I expect ; to receive from the new taxation which is calculated at £ 4 , 800 , 000 . there will , therefore , be a mi plusin favour of the country of £ 520 , 000 , to meet the increased charges of the country , arising from the state of our relations in China , and in consequence of what may arise but of our still pending commercial treaties with other countries . I have now laid before you , without reserve , the

      whole of the plan of her Majesty ' s Government . I have given you a full and explicit , but I believe an unexaggerated , statement of the financial difficulties of the ' country ' « We havethought it our duty to give our counsel to the Legislature , freely and unreservedly—to give the best advice we could , leaving with the Legislature the responsibility of adopting or refusing the advice we thus give . I , on the part of the Governmentj have now performed that duty—( hear , hear . ) I , with the weight and authority of the Government , have brought forward what we deem requisite for the present state of our finances—( hear , hear . ) And I now conciude , devolving on the Parliament the duty of maturing our plans if they approve of them ; at all events the responsibility of adopting or rejecting them . You will bear in mind that this isno ordinary period . You will bear in mind that there are indications

      among all the uppor classeB of society of increased comfort and enjoyment ; of increased prosperity and wealth ; and that , concurrently with these indications , there exists a mighty evil that has been growing for many years—( loud cheers . ) You . are now called on to relieve that evil . If you have fortitude and constancy , as I firmly believe you have , you will not consent , with folded arms , to allow the annual growth of this great evil . You : will not reconcile ii to your consciences to hope for " relief from a diminution of taxation . You will not permit this evil to gain such gigantic strength that it will be far beyond your power to check its progress . If you do not take this course ; if you do permit the evil to must

      continue ^ you expeet , severe , but just judgment . My confident hope and belief is , that when I devolve the responsibility upon you ,: you will prove yourselves worthy of your mission—of the mission and functions of the representatives of a mighty people ; that you will not tarnish tho name that it is your duty to cherish as your glorious inheritance ; that you will not impair the character for fortitude * for good faith ; which , in proportion as the empire of opinion supersedes and preponderates over " the . empire of physical force , constitutes a free people , but , abovo all j the people of England , and gives them the power Of reputation an < i character . That will make the country powerful , so as to repel hostile aggression , and maintain an extended empire .

      ( The Right Hon . Baronet sat down amidst loud and long-continued applause ;) Saturday , March 12 . The Speaker took the chair at twelve o ' clock . : Mr . Greene brought up the report of the Committee of Ways und Means , containing the following resolutions : —• . ' . - ¦ . ' •' . ' .:. ¦ . ¦¦ •' . ' " : ' - \ . ' ¦ ¦ ' ¦¦ -. . '• . ¦' ¦ - .. ¦ 1 . Resolved , That , towards raising the supply granted to her Majesty , there shall be charged , levied , collected , and paid upon every gallon of spirits © f the strength of hydrometer proof , which shail , on or after the 11 th day o £ March , 1842 , be distilled in Ireland , or be in the stock , custody , er possession of any distilr ler in Ireland , or which , having been distilled in Ireland or Scotland , shall on or after that day be in warehouse in Ireland , and be taken out of warehouse for consumption in Ireland , or which having been taken out tif warehouse in Scotland for removal to Ireland , shall on or after that day bo brought into Ireland , an additional duty of Is . . "'• ., ' ^

      2 . Resolved , That the malt allowance now payable oh every gallon of spirits aistilled in Ireland from malted corn oaJy > n » t being mixed with any unmalted corn or grain , shall cease and determine . ' . ¦" . ; , ¦ ¦ ¦ ¦ . ¦ '¦ . ; . . •¦ ¦ ¦¦ ¦ . - ¦ •¦ .. ¦•• ¦ ¦ ¦ . ¦ ¦ ¦ '¦ •¦ ¦¦ -.- ' ¦ - . 3 . Resolved , That , towards making good the ' supply granted to her Majesty , the Bum of £ 8 , 000 , 000 bo granted out of the Consolidated Fnnd of tbe United Kingdom of Great Britain and Ireland . The report was agreed to , and leave given to bring in bills conformably with the resolutions .

      Mr . Greene brought up the report of the Committee on the Exchequer Bill Loan Act The Committee had resolved " That her Majesty be enabled to direct issues to be made out of the Consolidated Fund of the United Kmgdem of Great Britain and Ireland , to an amount not exceeding £ 360 , 000 per annum , to Comniiaaioners , to be by them adyaced towards the completion of works of a public nature , for the encouragement of the fisheries , or the employment of tbe poor , on due security beiug given for the repayment of the sum so advanced . ' * ; . ' - - '¦ . ' :

      The report was agreed to , and leave was gives to bring in a bill in conformity with the resolution . Mr . Greene brought up the report of the Queen ' s Prison Bill , which was agreed to , and the bill ordered to b « read a third time on Monday , if then engro 88 ed , ' ' . ¦ ¦¦ ' ¦ ¦ . ' . ¦ ¦ '¦' ¦ ' , : ¦ ' ¦ . ' ¦ ¦ ¦ ¦ ' .. ¦ ¦' ¦¦ " ¦¦ . " On the motion of Lord Eliot , the : Newgate Gaol ( Dublin ) Bill was read a third time and passed . The House then adjourned .

      • Monday , March 14 . Mr . F . T . Baring gave notice of his intention to inquire respecting the plan by which the Government propose to collect the income-tax ; and Air . Charles fiULLER drew from the Speaker an opinion aa to whether or not petitions could be presented against the tix vifter the resolution affirming it had recaived the sanction of tho House . The Si ? eaHer replied in the negative ; but Sir Robehx Feel declared his intention of proceeding with the resolution on Friday next . On tha motion for going into committee on the Corn Importation Bill , : . - Mr . WARD rose to bringj forward his motion relative to the alleged peculiar burdens borne by the land of this country . He contended that no burdens were borne by the landed interests which were not just and equitable ; and asked for a committee of inquiry in order to set the matter at rest .

      Colonel Wood compared the amount of poor-rates paid by the landed interest with those levied on manufacturing property ; and complained of the mischief done by throwing obstacles in the way of the progress of the Corn Importation Bill , the delay of which was affecting the price of corn and the state of trade . : Mr . Milner Gibson called on . the representatives of the landed interests in ' the House , for their , own sakes , to grant the committee of inquiry . , Mr . Darby contended Mr . Ward had not stated the case either fully or fairly , and repudiated the idea that the House was not to legislate on corn until an inquiry had been made into the peculiar burdens borne by the land . •¦ ¦ ¦ ' ' . : ¦ ' . . ''' ' ' - ¦ ' - ,: -: ¦¦ ¦ : . ¦ ¦' ¦ ¦¦ .- ' . '¦ ¦ ' .

      Dr . Bqwring waa sure that Mr . Ward would willingly modify his motion , in order to nieet Mr . Djirbys views for a more extended inquiry . The stibject was one of great and grave importance ; and , for the satisfaction of the public mind , an inquiry was exceedingly desirable . Mr . Scarlett would resist the motion . Should the inqairy bs made , it would turn out that the land bor ^ in fact , all the burdens of the State . ; Mr . CHiLDERS thought Mr . Scarlett had proved too much . The landed interest had : been always too powerful in the Legislature to permit peculiar burdens to be imposed on them ; the land in this country was not so heavily taxed as the land of some Continental States . , ; ' ¦ "¦ ¦ ¦ .. ¦ ¦• ¦ ¦ ¦¦ ' . ¦ ' . : ¦ ¦ - ' - }¦ ¦ : ¦ - . . - ¦ : ; .:...

      Mr . Palsier compared the fixed nature of the landowner ' s capital witn that tf the manufacturer , who was but a bird of passage , and could carry himself and his capital where he pleased * While determined to hold an income tax , he feared that the necessities of the country ^ werei too great for its being successfully raised , or applied in the way proposed . V Sir Robert Peel called the attention of the House tOitne position iu which U was placed . Was ii wisa to go on witn protracted discussion , and impede the progress of a bill admitted to be a great improvement on tbe existing ^^ law I H * cedjaredair . Ward for irieonsistency , in not adhering to the exact terms : o ! tis motion . He called on the House not to injure every interest in the community by delaying the Com Bill until dome three sesaions hence , Mr . Ward ' s Committee made its . report . ^ . ; : -. ' . ' ¦' .. ¦¦ . ' .-. ¦ ¦ ¦ ¦¦¦ -: ' : ¦ . ' - . ; " . ¦'¦ ¦ , ¦¦'¦ : ¦ :

      Mr . Struix had never heard a debate in which « k j much of the argument lay all on one side .: Mr . Wary . ' a motion was resisted by very opposite reasons ; it vaa said to be too precise and too vague ; but a priuut / acfe case had been made out for inquiry , and he . aliou ) usup poit the motion . : V

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      ~^ . . ¦—;¦¦ , - — - m ' ¦ - - - *» Mr < CoiiDEN suppoit 8 d uand Lord WjOBSiBT resisted the . motion .. " - ,, / : ; ' ¦' . V : '\; ;/ ^ . ' / i '¦ ¦ : .:. . - : \ -r ' -:- ' : Mr . Villiers had always heard these special burdens assigned aa a reason for the Corn Laws—why then refuse inquiry , if not afraid of the result f Mr . Villiers read some statements of taxes which had been repealed in favour of the landed interest since 1816 , being nearly a million in amount . :. Lord Ho wick , while admitting that the inquiry waa a legitimate subject for parliamentary investigation , was yet of opinion that the time was not properly chosen for the motion * Mr . Wak let thought it was the business of an opposition : to give a pexaereriog resistaaco to what they considered a had measure . Sir Robert Peel might have offered a compromise , and offered a committee of inquiry on another occasion , and so prevented a

      di-Vision- . ¦; ., . :: ¦; ¦ ¦ •; .. ' -. . - ¦ . ¦ \ . . ¦ ¦ . .. ; •;¦ . ¦ - . .. ... .. - On a division , the motion was rejected by 230 to us .- ' ¦^ -V ; , ¦ - : , ' - \ . - .. "¦ ¦ ; - ¦ : ¦ ¦ :::: ; : - \ " ¦ ' y- :- - . The House then went into committee . ; ; Sir Valentine Blake kept the House in roars of langhter by encomiums on the preliflc Tirtnes of the potato , and the adaptation of the soil of Ireland for ite production . He concluded with proposing an amendment , which was negatived without a diviflion . : , Mr . Parker proposed a clause , allowing an importor to give bend for the payment of a particular rate of ^ duty , should he : import his corn within four months from theitime . .-His-: " . object was to gite facilities for trade with distant ports . ' Sir Robert Peel considered the amendment an extravagant one . / . ''' . -. ' ¦ ¦' , ' : ¦ < : ¦ ¦ After some observations from Lord Howicfc and Mr-Ua ^ e , [ .: ¦;; v ¦ /•; - - ; ' ¦ : ¦¦ : . <¦ ¦ ¦¦ ¦' ¦ : '¦¦ : . -: : ¦¦ : ] :::: ' ¦ " ; ' . ' ¦ ¦ ' . Mr . Parker withdrew his clause . V

      Mr . PootETt Scrope proposed a clause of asomewhat siniiiai" feind , to allow the duty , should the importer desire it , to ba rated at the amount which ruled when the cern left the foreign port of shipment . The clause was resisted by Sir R . Pbei . ; and after a conversation , shared by different members , it waa withdrawn . ' ¦ ¦ ; -.. ; . . ' . : ¦• ¦ - ' : '¦ ... ' '• .- ¦ : ¦¦; '"' . - .. ,- ' ¦/ '¦ ¦ ' . ¦ ' Some progress was made with the Bill , the House resumed , and the Committee obtained leave to sit again Qn Tuesday . - , . ; : ¦ ' . ¦ '¦¦ . J .- ; . .- ; - -. ;¦ _ ; ¦¦ : : " - . f-:.. ' : The House adjourned at a quarter to one o ' clock .

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      HOUSE OF LGRDS . ^ oni > at , JIakch 14 . Lord Brougham gave notice of his intention to move a series of resolutions respecting the proposed incometax . The purport of these resolutions , which he read at length , is condemnatory of the imposition of an incometax ,. unless under very : extraordinary circumstances , and alao affirming certain principlea respecting ttte apportionment of such a taxi with relation to the distribution of capital and income amongst the various classes of the British community . ; Earl FiTzwiLLiAH made a few observations on the subject ; and after the Lord Chancellor had laid on the table of the House a Bill for the amendment of the bankruptcy law , the House adjourned .

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      From the London Gazette of Friday , March 11 . " - . . ' . ¦' : ; . '¦'¦ - ¦ ; " : ¦¦ BANKRUPTS . John Perry Clarke and Osmund Lewis , Crown Court , Threadneedle-street , newspaper agents , to surrender March 18 , at eleven o'clock , and : April 22 , at twelve , at the Court of Bankruptcy , Basinghall-street Solicitor , Mr . Clarke , George-street , Mansion House ; officialaasignee , Mr . Belcher . : " v Emily Aim Birch , Bedford Place , lodging-house keeperr March 18 , at two , and April 22 , at twelve , at the Court of Bankruptcy , Basinghall-street- Solicitor , Mr . Lloyd , Che » pside ; official assignee , Mj . Gibson , BasinghallrStreet ,-. ' .. . ' :

      . SamuelJackson and Thomas Frederick Jackson , Bar mona 8 ey-street , woolstaplers , March 22 , at eleven , and April 22 , at one , at the Court of Bankruptcy , Basinghall-street Solicitor , Mr . Watts , Behnondsey-street ; official assignee , Mr . Green , Aldemianbury ; Philip Woodrow Hart , Norwich , coach manufacturer , March 17 and April 22 , at ten , at the offices of Messrs Beckwith , Bye , and Kitton , Norwich . Solicitors , Messrs . Clarke and Medcalfe , Lincoln ' s Inn Fields ; and Messrr . Beckwith , I > ye , Und Kitton , Norwich . Joseph Horncastlo , Glamford Briggs , Lincolnshire seed merchant , March 21 and April 22 , at eleven , at the Lion Hotel , Glamford Briggs . Solicitors , Messrs . Dyne ley , Coverdale , and Lee , Bedford Row ; and Messrs . Nicholson and Hetti Brieg , Lincolnshire .

      George Stanway , Stoke-upon-Trent , Staffordshire , confectioner , March 24 and April 22 , at twelve , at the George Inn , Burslem . Solicitors , Mr . Smith , Chancery Lane ; and Mr . Harding , Stoke-upon-Trent . Isaac Newton Wigney and Clement Wigney , Brighton , Sussex , bankers , March 28 and April 22 , at ten , at the Town Hall , Brighton . Solicitors , Messrs . Palmer , France , and Palmer , Bedford Row . , ¦ J ' James County , Cheltenham , Gloucestershire , oilman , March 29 and April 22 , at one , at the Royal Hotel , Cheltenham . Solicitors , Messrs . Miller and Can , Eastcheap . ; . .- ' . - •¦ . ; ' . " : " -V . ' ~ V V - . ¦ ¦ ; ' .- . ' ¦ ' : ¦ . ' . " _ ' ¦/¦¦ -, " . ¦¦ ¦ .-: ' ¦ ¦ . ' " ¦ :. " :. ' Edward Shirley Webster , Birmingham , draper March 31 and April 22 , at the Waterloo Rooms , Birmingham .: Solicitors , Messrs . Reed and Shaw , Fridajvstreet '¦ ' ¦ : , ' . ' .. ;; v . ' , ' . . ¦" ¦' •'•¦ .

      Frederick Pratt , Stoke-upon-Trent , Staffordshire , miller , March 21 , at the Swan Inn , Stafford , and April 22 , at twelve , at the Castle Hotel , Newcastle . Solicitors , Mr . Wilson , Furnival ' s Inn ; and Mr . Stevenson , Stoke-upon-Trent . William Bury , Blackburn , corn-dealer , March 24 , at one , and April 22 , at eleven , at the town Hall , Preston . Solicitors , Messrs . Cuvelje , Skilbeck , and Hall , Southampton Buildings , Chancery Lane ; and Messrs . Lodge and Harrises , Preston . ... ; . . ;¦ William Robinson , Hulme , Lancashire , glass-manu facturer , March 22 and April 22 , at twelve , at the Commissioners' Rooms , Manchester . Solicitors , Messrs Milne , Parry , Milne and Morris , Temple ; and Messrs . Slater and Heeiis , and Messrs . Bagshawe and Stevenson ; Manchester .

      Joseph Eaiery , Wells , Somersetshire , surgeon , April 6 : and 22 , at eleven , at the Somerset Hotel , WeUs . Solicitor , Mr . Jay , Serjeant ' s Inn ;

      PARTNERSHIPS DISSOLVED . Askew and Stanafleld , Manchester , cotton yarn doublers . M . and H . Glover , Manchester , oil-cloth manufacturers . R . and J , Pickersglll , Darlington and LeedB , carriers . ' . ¦ ' ¦ ' ' ¦ . " ¦ ¦ ¦¦ '¦ ¦ ¦ ' : " . ¦ '¦¦ '¦ .

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      From the Gazette of Tuesday , March 15 . ' . , ' . . ¦ ¦ ¦ ¦ . .- BANKRUPTS .. . ¦ ' /¦ - '"''' } . "'" Charles Page , coach tyre smith / Nottingham Mews Marylebone , to surrender March 18 , at two o'clock , and April 26 , at twelve , at the Court of Bankruptcy , Basinghall-street . Solicitor , Mr ^ Kell , Bedford Row ; Mr . Pennell , oiBcial assignee . - : ' Stephen Peake , builder , Ramsgate , March 24 , at seven , and April 26 , at nins , at the Albion Hotel , Ramsgate Solicitor , Mr . Smith , Barnard ' s Inn , London . John Jones , cordwainer , Liverpool , March 24 , and April 26 , at one , at the Clarendon Rooms , Liverpoal . Solicitors , Mr . \ Cornthwaite , Dean ' s Court , Doctors * Commons , London j and Mr . Cornthwaite , Cable-street , Liverpool . ;/ : ' ¦ ' ¦ ¦ ¦/ : ¦ . - /¦• ¦ ' ¦''¦¦¦¦ ' [ : - , : " .. ¦'¦ - "" . ¦ : ' ' ¦

      Joseph Eage ^ > jun . porter-merchant , Gloucester , March 28 and April 26 , at twelve , at the office of Mr . C . Sma , liiidge , Gloucester . Solicitors , Messrs . Jones and Blaxland , Crosby Square , London ; Mr- SmalMdge , Gloucester . ¦ ¦ : / ' ¦ ;;• . ¦ ' .. - ¦ ¦ . . ¦ . - ¦ ¦ Thomas Morris , grocer , NewferWge , Glamorganshire , March 26 and April 26 , at two , at the Commercial Rooms , Bristol . Solicitors , Messrs . White and Eyre , Bedford Row , London ; and ; Mr . Short , Bristot John Alexander , brewer , Pendleton , Lancashire , March 29 and April 26 , . at-eleven , at the Commiseioners'Rooms , Manchester . Solicitors , Messrp . Milne , Parry , Milne , and Morri « , Harcourt Buildings , ; Temple , London ; and Messrs . Slater and Heeiis , ^ ^ Manchester . ¦ . ' : — : / .... "¦¦¦'¦ -. ¦ "¦¦^'¦¦ . . " - ¦ -- ¦ ¦ . ; " ¦¦ . ¦ .- " .

      Peter Boyd , cotten-spinner , Ovenden , York , March 29 , at one , and April 26 , at twelve , at the White Lion Inn ; Halifax . Solicitors , Messrs . Emmet and Allen , Bloomsbury Square , London ; Mr « Alexander , Halifax ; and Messrs . Stocks and Macaalay , Halifax . John Parbery , saddler , Nort ' oampton , March 21 and Apr il ii 6 , at two , at the Stag ' s Head Inn , Abingdonstreet , Northampton . SoUcitors , Mr . Hall , Northamp ton ; and Mr . Weller , King ' s Row , Bedford Row , London . '¦ ¦ ¦ ¦ -.. >¦ , ¦ '¦ . ¦; .. ¦ ¦ ' .:- : "' . ¦/ . "• ; • ¦ John Bavinson Be

      John FranJ'dand and Thomas Frankland , merchantfl , Liverpool , * Omto 29 ana April 26 , at three , at « w Commlasic ners * Rooma , Manchester . Solicitors * Messrs . T , jiakinson and Sanders , Elm Court ; Middle Temple-. , London ; and Messrs . Atkinson and Saunuers , Mancj ' . esto . " - - ' ' • ¦ ¦ -. ' . - . V- ¦ : '" ¦ ¦ ¦ ' . '¦ ¦ . "¦ . - ' ¦ - .:. ' -: r , - . W jiliam Lloyd s wine-merchant , Liverpool , March 29 and j une 26 , » t'the Clarendon Rooms , South John-*¦ Jeet ; LiverpooL Solicitors , Mr . Whitley , Hig tstreet , Liverpool ; and Messrs . Low ; Garey , anu S weething , Southampton Buildings , Chancery : ? & 'London . ' /'' ' . ' . '* ' ' :. ' - ' '¦ ¦ " ¦ ' ¦'¦ " : ¦ ' ' . '" - : ¦ ' ¦¦' . " : ' - ' . ¦ ¦ . ¦ - : ";;"

      Thomas Finch Cozens , builder , Canterbury , March 2 * , at twelve , and April 26 , at one , at the GuidhaU , Canterbury . Solicitors , M ; e 8 srs . Pluminer , and R . and <*• Furley , Canterbury ; and Messr&Buttta-fleld andFraDce , Gray ' s Inn Square , London . ' - :

      Untitled Article

      Great Excitement .- —The discovery of Old Parr ' a secret has caused great excitement among the mem-} ers of the medical profession , as it seems probable , ultimately , to exterminate a good deal of their contradintory nonsense . Many members of the profession have , however , honourably declared their intention of using Parr ' a Life Pills , after witnessing their astonishing curative properties and re-invigorating powers on the humaRframe .

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      X¦ ¦ 6 - THE N Q RTHEBN ETAjt . ; ; : ¦¦;• ; ; : :. , -. , "' . , : \ ; :: : ¦' :, _ :, :: \ ' ¦ ¦ ¦; . ^ :: j . ^ .: ^ ^

  • Citation
    • Northern Star (1837-1852), March 19, 1842, page 6, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/ns/issues/vm2-ncseproduct590/page/6/