6 MAY 1865, Page 3

The reduction of the tea duty is to be postponed

to the 1st of -June next, because the Chancellor of the Exchequer admits that in 1863 he gave the tea-dealers explicit reason to believe that the reduction he then proposed would be final. Hence, unconscious of their doom, they have been taking large stocks recently out of bond -at the old rate of duty, and want a little time in which to get rid of these stocks at the old prices. Of course the public look for an immediate reduction, when once the duty has been reduced.