The National Budget: The National Debt, Taxes and Rates

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Էջ 173 - State with that part of property which is, perforce, political — the land ; of the relation between State and Church which bulks so largely in our history, and is entwined so closely with our present organization ; and lastly, of those relations of the State that are other than domestic. In dealing with these questions the aim will not be to give mere compendia of technical information, but to sum up as shortly and as clearly as possible the leading points, and to arrange these so as to show their...
Էջ 73 - ... years from 1842 to 1853, within the circuit of which are comprehended the beneficial changes that Parliament has made. In the ten years from 1832 to 1841 this was the state of things : — You imposed of Customs and Excise duties £2,067,000, and you remitted £3,385,000, exhibiting a balance remitted over and above what you imposed of £1,317,000, or at the rate of no more than £131,000 a year. Now, observe the effect on the state of the revenue.
Էջ 73 - ... your Customs and Excise revenue grew faster than when you remitted nothing, or next to nothing at all. I ask, is not this a conclusive proof that it is the relaxation and reform of your commercial system which has given to the country the disposition to pay taxes along with the power also which...
Էջ 172 - The series will deal with the details of the machinery whereby our Constitution works and the broad lines upon which it has been constructed. The volumes in it will treat of the course of legislation ; of the agencies by which civil and criminal justice are administered, whether imperial or local ; of the relations between the greater system of the imperial Government and the subdivisions by which local self-government is preserved alongside of it; of the electoral body, and its functions and constitution...
Էջ 171 - Citizen: A SERIES OF SHORT BOOKS ON HIS RIGHTS AND RESPONSIBILITIES. This series is intended to meet the demand for accessible information on the erdinary conditions, and the current terms, of our political life.
Էջ 174 - INDIA. JS COTTON, late Fellow of Queen's College, Oxford. (2) COLONIES AND DEPENDENCIES. EJ PAYNE, Fellow of University College, Oxford.
Էջ 171 - THIS series is intended to meet the demand for accessible information on the ordinary conditions and the current terms of our political life. The affairs of business, contact with other men, the reading of newspapers, the hearing of political speeches, may give a partial acquaintance with such matters, or at least stimulate curiosity as to special points. But such partial acquaintance with the most important facts of life is not satisfactory, although it is all that the majority of men find within...
Էջ 72 - ... commercial reforms, as affecting trade and industry, and the power to pay the high taxes you have imposed. These two subjects are inseparably locked the one in the other. You shall have the demonstration in figures. I again ask you for a moment to attend with me to the experience of two periods. I take the ten years from 1832, the crisis of the Reform Bill, down to 1841, during which our commercial legislation was, upon the whole, stationary; and I take the twelve years from 1842 to 1853, within...
Էջ 73 - Excise increased by £1,707,000, or at the rate of £170,000 a year ; while the increase of the export trade was £15,156,000, or at the annual rate of £1,515,000. Let us next take the twelve years from 1842 to 1853. You remitted during that period of Customs and Excise £13,238,000, and imposed £1,029,000, presenting a balance remitted of £12,209,000, or an annual average of £1,017,000. What was the effect on the revenue ? The Customs and Excise increased £2,656,000, or at an annual rate of...
Էջ 42 - J per cent, upon the sum redeemed during that time, £176,173,250, or £4,404,331, making together an amount of £6,638,831 absolutely lost to the public by these operations. This amount, reckoned at the average price of the various loans, is equivalent to a capital of more than eleven millions of 3 per cent, stock, with which the country is now additionally burthened through the measure of borrowing in a depressed market more money than was wanted in order to its being repaid when the market for...

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