An attempt is made by the Government organs to gloss
over the declining revenue, by sinking all allusion to the additional taxes imposed last year by Mr. BARING. The facts of the case are as follows.
Decrease on the year ending 5th April 1841 £309,280 Decrease on the Post-office 833,000 Real decrease on the year £1,813,280
The whole amount of these additions did not, however, come into operation equally throughout the year: to get at an accurate view of our financial prospects we must confine our attention to the quarters— Decrease on the quarter £70,000
Decrease in the Post-office 27,000 Apparent decrease on the quarter £43,000 But there must be added to this, one 'fourth of the addition made to our taxation, amounting to 580,000 Apparent increase on the year £523,720
But the Chancellor of the Exchequer imposed new taxes, or increased old ones, whose conjoint amount he thus estimated—
2,337,000 Addition to the Assessed Taxes £276,000 New survey on ditto 150,000 Customs and Excise 1,426,000 Spirits
485,000
Real decrease on the quarter £623
So much for Mr. BARING 'S percentages and additional were to make up for Postage-cheapening, and su wanted to meet the increased expenditure. I temporary assistance he will gain by laying hands Banks deposits, it is to be thought the Chancellor difficulty in raising the wind to meet past deficient expenses. We look forward to the Budget with some-curiosity.
-A4 *it actnle and future
