The Financial Statements of 1853, 1860-1863; To Which Are Added, a Speech on Tax-Bills, 1861, and on Charities, 1863

The Financial Statements of 1853, 1860-1863; To Which Are Added, a Speech on Tax-Bills, 1861, and on Charities, 1863

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1863 edition. Excerpt: ...imposed together, and have been handled together, first, for the purpose of war; and again, subsequently, for the purpose of meeting an extraordinary expansion of expenditure. The duties now leviable upon tea and sugar have been called war duties; and it is undeniable that they are duties which, as to a certain portion of their amount, stand on special and peculiar grounds. That is to say, it was in consideration of the financial pressure, caused by a war, that Parliament consented to raise them; and again, when the war had concluded, it was to meet an enlarged scale of peace-expenditure that their fall was in part arrested, and they were allowed to remain at a higher point than had previously been contemplated. Indeed, I think that no one can fail to feel that they are duties, the reduction of which is greatly to be desired. At the same time, while the duty upon tea is more than 100 per cent., and the duty upon sugar is over 50 per cent., the supplies of both articles are abundant; the consumption of them both in ordinary years and in ordinary states of the country, shows a decided disposition to increase; the cause which led to the imposition of the extra rates, namely, a high expenditure, is still in existence; and there is no such great difficulty attending the case of these duties, as to give them an urgent, imperative, and paramount claim upon the attention of Parliament. The other two subjects, which must occur to the minds of the Committee, are those which were likewise associated together in the legislative proposals of last year and in the debates of this House; I mean, the one, what is called the tenth penny on the income tax; and the other, the repeal of the paper duties. When her Majesty's Government proposed in 1860 the repeal of...show more

Product details

  • Paperback | 142 pages
  • 189 x 246 x 8mm | 268g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236515412
  • 9781236515414