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Article PARLIAMENTARY PROCEEDINGS. ← Page 10 of 12 →
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Parliamentary Proceedings.
Committee would only interfere , as they had done in the rapid discharge of the antecedent debt . After giving this general statement , he should be wanting in duty , if he did not regret , that the necessities and pressure of the moment obliged him to have recourse to such severe taxation ; but still there was a great consolation to be derived , inasmuch as that the great resources of the country " were sufficient to the contingent taxes which the times make necessary ; which he had no doubt
would be chearfully sustained , when set against the value of the interests for which the people were contending . He then proceeded to state the several new taxes , and was happy in observing , that tiie weight fell on articles of luxury , and not of necessity . Some articles , though in some degree necessary for general subsistence , yet they were , he was inclined to think , the least so of any . The taxes oh such articles arose immediately out of the war , and were susceptible of gteat revenue . Every gentleman will grantthat the duty on wines was lowered some time agoand
, , chiefly French wines , owing to the commercial treaty . But there would be no deficiency in the Revenue now , nor violation of treaty , when gentlemen considered the situation of both countries . Since the last tax was laid on , neither fraud nor adulteration had taken place ; there w ; is no diminution in demand , neither would there be diminution in consumption , in consequence of the tax . which he would propose . He had consulted with some of the trade , who said , that 3 I , 7 s . per ton . would cause a rise of one penny per bottle ; that 20 I . per ton would lead to increase of 6 dozenThe of last
an s . per . consumption year he estimated at 27 01-28 , 000 tons . He proposed , therefore , a tax of 20 I . per ton , which would produce 560 , 000 ! . per annum . The next tax proposed was on Foreign and Home-made Spirits . It was an experiment prudent to be made . He would state the amount of the consumption the same as last year , i . e . Sd . a gallon on Rum , and the same on Brandy ; on British Spirits id . per gallon , mak . ing on the whole 259 , 000 ! . On the Scotch Distilleries he would lay a proportionate tax , which he estimated at 15 , 000 ! . per
annum . The next article of taxation he adverted to was Tea , of which , to prevent fraud , an hazardous experiment had been made , viz . the Commutation Tax ; as . also the same on Windows , on which gentlemen might advance that a Commutation had been made , and that , as a matter of compact , no future tax could be laid , on this commodity . This argument he anticipated , and to this he would reply , that the consumer had received the benefit of the contract , and reaped the advantage of the bargain . But at all events , it was the duty of Parliament
to lay a tax if required . He would lay a duty of 7 to 8 per cent , on the old duty , which with 6 d . half-penny per pound'on Coffee and Cocoa , would amount together to 220 , 000 ! . . In the Insurace on Ships there was a natural inconvenience , not being able to estimate the amount of the ships and cargoes of property insured . It was of great magnitude and consequence ; and from the authority of the most respectable traders and underwriters , to whom he was indebted for his information , he could assertthat the sums insured amounted annually to 120000000 ! .
ster-, ,, ling . He proposed a tax of zs . Gd . on every zoo ] , insured , which Would amount to the sum of 130 , 000 ) . annually . On Insurance of Lives , he proposed laying a . duty of ten per cent , in propor < lion to the premium , which would amount to jc , oooj . The next sort of articles he adverted to were , the different articles of Customs , amounting to 77 , 00 c ! . On Raisins , Lemons , Oranges , Safad Oil , and waste Silk , a duty of four and five per cent , wliich . would amount to i 86 oool
, . He then proposed a duty on the exportation of Coals to any ports , except Ire « land or our Colonies , affording 4 s . 7 d . per chaldron , in addition to five per cent , already taxed , which would amount to 25 , 000 ! . On Rock Salt he proposed an additional duty , amounting to 77 , 000 ! . in the gross ,
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Parliamentary Proceedings.
Committee would only interfere , as they had done in the rapid discharge of the antecedent debt . After giving this general statement , he should be wanting in duty , if he did not regret , that the necessities and pressure of the moment obliged him to have recourse to such severe taxation ; but still there was a great consolation to be derived , inasmuch as that the great resources of the country " were sufficient to the contingent taxes which the times make necessary ; which he had no doubt
would be chearfully sustained , when set against the value of the interests for which the people were contending . He then proceeded to state the several new taxes , and was happy in observing , that tiie weight fell on articles of luxury , and not of necessity . Some articles , though in some degree necessary for general subsistence , yet they were , he was inclined to think , the least so of any . The taxes oh such articles arose immediately out of the war , and were susceptible of gteat revenue . Every gentleman will grantthat the duty on wines was lowered some time agoand
, , chiefly French wines , owing to the commercial treaty . But there would be no deficiency in the Revenue now , nor violation of treaty , when gentlemen considered the situation of both countries . Since the last tax was laid on , neither fraud nor adulteration had taken place ; there w ; is no diminution in demand , neither would there be diminution in consumption , in consequence of the tax . which he would propose . He had consulted with some of the trade , who said , that 3 I , 7 s . per ton . would cause a rise of one penny per bottle ; that 20 I . per ton would lead to increase of 6 dozenThe of last
an s . per . consumption year he estimated at 27 01-28 , 000 tons . He proposed , therefore , a tax of 20 I . per ton , which would produce 560 , 000 ! . per annum . The next tax proposed was on Foreign and Home-made Spirits . It was an experiment prudent to be made . He would state the amount of the consumption the same as last year , i . e . Sd . a gallon on Rum , and the same on Brandy ; on British Spirits id . per gallon , mak . ing on the whole 259 , 000 ! . On the Scotch Distilleries he would lay a proportionate tax , which he estimated at 15 , 000 ! . per
annum . The next article of taxation he adverted to was Tea , of which , to prevent fraud , an hazardous experiment had been made , viz . the Commutation Tax ; as . also the same on Windows , on which gentlemen might advance that a Commutation had been made , and that , as a matter of compact , no future tax could be laid , on this commodity . This argument he anticipated , and to this he would reply , that the consumer had received the benefit of the contract , and reaped the advantage of the bargain . But at all events , it was the duty of Parliament
to lay a tax if required . He would lay a duty of 7 to 8 per cent , on the old duty , which with 6 d . half-penny per pound'on Coffee and Cocoa , would amount together to 220 , 000 ! . . In the Insurace on Ships there was a natural inconvenience , not being able to estimate the amount of the ships and cargoes of property insured . It was of great magnitude and consequence ; and from the authority of the most respectable traders and underwriters , to whom he was indebted for his information , he could assertthat the sums insured amounted annually to 120000000 ! .
ster-, ,, ling . He proposed a tax of zs . Gd . on every zoo ] , insured , which Would amount to the sum of 130 , 000 ) . annually . On Insurance of Lives , he proposed laying a . duty of ten per cent , in propor < lion to the premium , which would amount to jc , oooj . The next sort of articles he adverted to were , the different articles of Customs , amounting to 77 , 00 c ! . On Raisins , Lemons , Oranges , Safad Oil , and waste Silk , a duty of four and five per cent , wliich . would amount to i 86 oool
, . He then proposed a duty on the exportation of Coals to any ports , except Ire « land or our Colonies , affording 4 s . 7 d . per chaldron , in addition to five per cent , already taxed , which would amount to 25 , 000 ! . On Rock Salt he proposed an additional duty , amounting to 77 , 000 ! . in the gross ,