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reduce the number of houses pay- a total exemption, because very ing tax at all from 500,000 to few farm-houses, where that was the 400,000; exempt, for the first amount of rent, would be assessed time, shops, victuallers' houses, at 201. a year or upwards. and houses used in the occupation The effect of the alterations Sir of land; and diminish taxation to Charles explained by a mass of the amount of 1,136,0001.- for the instances. "In Marylebone and tax he would retain would be about St. Pancras, the amount at present 720,0001. instead of 1,856,0001. In paid for Window Duty is 92,0001. ; reference to the incidence of the under my plan it will be 50,0001., tax, Sir C. Wood said—“It is true being a reduction of 42,0001. In there are some few cases in which Regent Street the present payeven under this proposal a house ment is 22001. ; it will in future will be raised in taxation; there are be 19001., being a reduction of some cases so anomalous, that it is 3001.

In Finsbury Square the utterly impossible to deal with present payment is 7251. ; the them on principle. I find, for future will be 2501., being a saving instance, that in one street in of 4751. In Portman Square the Liverpool there are two houses present payment is 7401.; the which have eight windows, paying future will be 6101., reduction 18s. ld. and assessed at 1301. 1301. In Belgrave Square there a year: a proof of the inequality will actually be an increase of 101.; of the Window Tax, and of its utter the present payment is 9901., the unfairness in reference to value.” future will be 10001. The gentleThe better streets, where the who reside in Belgrave value was high, would not be re- Square, however, will probably lieved to the same extent as those have houses in the country also, in which the value is depreciated. and the reduction of the tax upon Houses in the country, where the those will indemnify them for the value was less in proportion to the slight increase in the duty payable number of windows, would be re- on their town houses. Taking the hieved more than those in the two things together, they will be fashionable parts of town. The as much benefited by the alteraold-fashioned houses of country tion as those who do not live in so gentlemen would be relieved-he fashionable a quarter as Belgravia. could not speak as to new houses. It is difficult to get any return The houses of most country clergy- showing the operation of the tax men would be relieved. A relief in an exclusively rural district. would be extended to farmers pay- have, however, procured a return ing between 2001. and 3001. a year, of 42 of the best houses-those which would not be afforded by paying the largest amount of Winany reduction of Income Tax; for dow Duty—in six counties, and I farm-houses upon farms of 2001. find that the effect of the change a year paid Window Tax, but there I propose will be the reduction of was no Income Tax upon a rent of the duty payable by them from less than 3001. a year, whereas, by 20401. to 5671. In Liverpool the the present proposal, in almost reduction will be from 19,6001. to every case there would be a very 9500l.; in Manchester, it will be material reduction of the tax paid, from 30,0001. to 15,0001.; in and in most cases of this amount Birmingham, from 18,4001. to

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the Exchequer; he rejoiced at Tax might be remitted, which this result, because it not only in- would be a relief to the extent of dicated the prosperity of the coun. 1,550,0001., far greater than the try, but reinforced the proposition removal of the Window Tax, and it he now made. He would assume would afford a prospeet of the the data of the Chancellor of the ultimate extinction of an impost Exchequer, with this difference- denounced and stigmatized by that he expected a larger sur- those who now recommended its plus, believing that, instead of continuance. 1,892,0001., it would turn out The Chancellor of the Exchequer 2,200,0001. or 2,300,0001. He maintained that his proposal to assumed, further, that Sir C. Wood continue this tax, which he dismeant to continue the Income Tax liked as much as ever, was peras it now existed. This was the fectly consistent with the policy of first legitimate occasion, Mr. Sir R. Peel, which it was intended Herries remarked, of considering to carry out to its full extent. this tax under the aspect of a Almost the whole of Mr. Herries' permanent impost: it had ori- argument, he observed, had proginally arisen out of the financial ceeded upon the supposition that mal-administration during the five the proposal which he (Sir Charles) or six years prior to 1840; but Sir had made was for a permanent R. Peel originally proposed the Income Tax, whereas he had never tax expressly for special and tem- said a syllable to that effect. He porary purposes; and Lord John did not think it safe that a tax of Russell-who had previously pro- this kind should be placed upon claimed the inequality, the vexa- the footing of an annual vote; but tions, and the frauds” inherent in Mr. Herries was not precluded this tax-in 1848 asked for its from proposing its reduction next continuance solely on the ground year. ' He showed the difficulties of the almost unparalleled diffi- attending the modification of the culties" of the crisis. Mr. Herries tax, and the injustice of applying cited strong denunciations of the it, as Mr. Herries suggested, to tax by Mr. Labouchere, Lord Ireland; and then entered into Howick, Sir F. Baring, and Sir C. details as to the policy he had Wood, and called upon the Go- pursued in reducing duties upon vernment to state the grounds articles of consumption and upon upon which, without necessity, industry; observing, that the more with a surplus revenue, they pro- popular a tax was the more pro

posed the continuance of a tax ductive it would prove. Under admitted to be full of inequality, the Income Tax, the revenue had, vexations, and fraud, and which by a wise legislation, greatly im

ere could be no doubt would, in proved; and by a perseverance in olation of the obligation which this legislation-the removal of

e House had contracted with taxes more objectionable than the le country, be made permanent. Income Tax—the improvement of

then stated what would be the revenue would be accelerated. effect of affirming his motion. It was in furtherance of this aming the real surplus for theory of legislation that he had

at 2,200,0001, he thought proposed the reduction of the duyo-sevenths of the Property ties upon coffee and timber, and XCIII.

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84001. In the town represented stant, should have been forestalled by my noble Friend who takes so by anticipatory objections ; but he much interest in this question hoped the House would pause (Lord Duncan, Member for Bath), before it consented to make that which I am afraid is not so fashion- tax perpetual, as was involved in able as it used to be, the relief the propositions before them. Mr. afforded will be in greater propor. Henley remarked on the contrast tion than in the cases I have al- between the high-flown principles ready referred to, for the charge announced respecting public credit for duty will be reduced from and the maintenance of a surplus, 2:3,0001. to 75001. The greatest with the reservation of such a amount of relief will be atforded miserable sum as 300,0001. in the case of those houses which After some sarcastic remarks by have a larger number of windows Mr. Disraeli on the Chancellor of or openings than is proportionate the Exchequer for having forto their annual value.” The grand gotten his sympathy with the agriresult would be, that of the cultural interest because he was 33,500,000 houses in the kingdom, laughed at for the insignificance of 3,100,000 would be erempt, and his boons, the House agreed to the the tax levied only on 100,000 of pro formá resolution of continuing the most valuable houses.

the Income Tax and the Stamp The combined loss from the re- Duties in Ireland as moved by the ductions on coffee and timber Chancellor of the Exchequer. (100,0001.) and from the window- On the 7th of April the report duty (1,1505,0001.) would be on this resolution by the Com1,536,0001.; and this would leave mittee of Ways and Means having a margin of surplus amounting to been brought up, Mr. Hernes only 3505,0001.: or, with the Win- raised the question of the cor:dow Tar du for the current half- tinuance of the Income Tax by por year 1564, 0002.), a surplus for that posing a resolution in the followyear of 921,0001. towarıls any un- ing terms:foreseen demand.

· That the Income and Property In conclusion, Sir Charles re- Tax, and the Stamp Duties in Ireferrel to the Opposition tarties on land. were granted for limited the Income Tax. He admitted that periods, and to meet temporary the tar was imposed to meet a exigencies; and that it is expedeticienes; but it was continued dient to adhere to the declared for a ditlerent purpose-to enable intentions of Parliament, and, ia an improvement to be made in order to secure their speeds opsc. financial legislation, still unaccom- tion, to limit the renewal of any plished, bp the removal of impo- portion of those taras to such an İntic restrictions on industry and amount as may suffice to provide commerce.

for the expenditure sanctioned by This statement was received by Parliament, and for the mainthe House with considerably more tenance of public credit." approbation than the original Mr. Herries expressed his great budget. Mr. Herries, however, satz-faction at the published statecomplained that the motion re- ment of the year's revenue, the specting the Income Tar, of which result of which had exceeiei: he had given notice for the 7th in- calculat.ons of the Chaner

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the Exchequer; he rejoiced at Tax might be remitted, which this result, because it not only in- would be a relief to the extent of dicated the prosperity of the coun. 1,550,0001., far greater than the try, but reinforced the proposition removal of the Window Tax, and it he now made. He would assume would afford a prospect of the the data of the Chancellor of the ultimate extinction of an impost Excheqner, with this difference- denounced and stigmatized by that he expected a larger sur- those who now recommended its plus, believing that, instead of continuance. 1,892,0001., it would turn out The Chancellor of the Exchequer 2,200,0001. or 2,300,0001. He maintained that his proposal to assumed, further, that Sir C. Wood continue this tax, which he dismeant to continue the Income Tax liked as much as ever, was peras it now existed. This was the fectly consistent with the policy of tirst legitimate occasion, Mr. Sir R. Peel, which it was intended Herries remarked, of considering to carry out to its full extent. this tax under the aspect of a Almost the whole of Mr. Herries' permanent impost: it had ori- argument, he observed, had proginally arisen out of the financial ceeded upon the supposition that mal-administration during the five the proposal which he (Sir Charles) or six years prior to 1840; but Sir had made was for a permanent R. Peel originally proposed the Income Tax, whereas he had never tax expressly for special and tem- said a syllable to that effect. He porary purposes; and Lord John did not think it safe that a tax of Russell --- who had previously pro- this kind should be placed upon claimed “the inequality, the vexa- the footing of an annual vote; but tions, and the frauds” inherent in Mr. Herries was not precluded this tax-in 1848 asked for its from proposing its reduction next continuance solely on the ground year. He showed the difficulties

. of the almost unparalleled diffi- attending the modification of the culties" of the crisis. Mr. Herries tax, and the injustice of applying cited strong denunciations of the it, as Mr. Herries suggested, to tax by Mr. Labouchere, Lord Ireland; and then entered into Howick, Sir F. Baring, and Sir C. details as to the policy he had Wood, and called upon the Go- pursued in reducing duties upon vernment to state the grounds articles of consumption and upon upon which, without necessity, industry ; observing, that the more with a surplus revenue, they pro- popular a tax was the more proposed the continuance of a tax ductive it would prove. Under admitted to be full of inequality, the Income Tax, the revenue had, vexations, and fraud, and which by a wise legislation, greatly im. there could be no doubt would, in proved; and by a perseverance in violation of the obligation which this legislation-the removal of the House had contracted with taxes more objectionable than the the country, be made permanent. Income Tax-the improvement of He then stated what would be the revenue would be accelerated. the effect of affirming his motion. It was in furtherance of this Assuming the real surplus for theory of legislation that he had 1851 at 2.200,0001., he thought proposed the reduction of the duthat two-serenths of the Property ties upon coffee and timber, and 1 ill.

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