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———==—————==_—— THE REVENUE. J^ilvvay mania, and the failures of the potato and lJj°P. could not but have some eiFect on the revenue Ht wich appears in our columns this day. On the j? there has been a decrease for the quarter, compared ilDl corresPon(ling quarter last year, of no less than • Several circumstances, however, particularly the • tli a considerable sum on the importation of corn, "6 former quarter above its natural average. It was ? vrdinary quarter. The comparison is, therefore, | f Not a sixpence has been received in the quarter just the importation of grain. Clearing away those L*hich disturb rather than enter into the comparison, can be said of the quarter just ended is, that it pre- [! improvement upon the corresponding quarter last his, however, only shows that, from accidental Inhere lias been no increase in the quantity of articles L ^ty, actually entered for consumption. The im- 111 and the consumption of sugar, coffee, cocoa, and 'P'rits, have undergone a very great increase this year, standing still. On the whole year just ended, com- tr the vear ended October 10,1846, there had been an r°f £ 267,224. J *cise, as being less exposed to the play of mere specu- ^Ises, and, as bearing almost directly upon the con- il of certain articles of luxury or general utility, is Considered the truest barometer of the national IK ^ere there has been a decrease on the quarter, ijj.ted with the same quarter last year, of no less than Owing to the credit given in the excise, the ^the revenue is always, at least, a quarter after the i, •tfle decrease in this quarter's excise, therefore, is j a diminished consumption in the earlier part of the n consequence of the high price of barley, the malt for excise during the first six months of the year was •S'Sht million bushels than during the same period last "is alone would make a difference of about £ 750,000 £500,0(í0 of which tells in the present returns, joinder being lett to the statement that will appear j f 1848. There is also a decrease of nearly two b>?%ns 'n British spirits charged to the excise for 8'-x mon'l18 » rather more than half of which de- in the present return, to the amount of £ 240,000. eaSe of excise from malt and spirits would lead to a t r decreasp than we find on the quarter; but there k other hand, been a considerable increase in the yMion of bricks, glass, and some other articles, which the decrease to a somewhat less formidable it would otherwise have presented. The decrease *hoIe year is only £ 159,914. In the stamps, proper- trown lands, and miscellaneous heads we have an > ft decrease of about £ 250,000 on the quarter. The j 6 above probably indicates a decrease of speculation, grease on the whole year is £ 1,042,20}! and, as I y*1 years enjoyed the benefit of that windfall, the '<■ L^oney," to the amount of £ 9(18,503, it may be con- S» ,1 ordinary revenue of the two years ending ] (n October 10, 1846, and October 10, 1847, are as j <i '"si as may be. With regard to the two quarters £ those dates, we should be thought rather bold if we ( • to make out a shadow of equality between the |„Hen the decrease in the statement is no less than I l"0- If, however, we deduct from that sum extraor- •fans that £ o not depend on the fluctuations of trade, J* decrease is reduced to that we have described on c i- Ins and excise. In both these instances, the decrease r Referred directly to the high price of grain, which, case, compelled a suspension of the duties imposed > L°hi importation act, and in the other diminished the 1 "'on of malt and spirituous liquors. The decrease c ffrter's revenue is, then, nothing more or less than of famine.—Times. i f Joblish in a subsequent column the accounts of the l'Avenue, which were made up last night in conse- i W the usual day (10th of October) falling on a Sun- |j.'ese accounts, we regret to perceive, show a consider- 6 off, both as regards the year and the quarter, in ^|*ceipt8 of the revenue, as contrasted with the accounts on the 10th of October, 1846. The decrease on e r, as compared with the corresponding quarter of t I amounts to no less than jEl,503,584, whilst on the 1 ended as compared with the year ending 10th of I Ifl46, the decrease amounts to £1,042,268, after 1 g the increase on some of the items. a cts this decrease on the year, large as it appears, t j* apparent than real for on the whole year there is f grease in every item of the ordinary sources of i one—that is, the excise—where the decrease J t *4 while on the customs for the year there is an no less than £ 267,224, in spite of the decrease in 4 garter of a sum of more than that amount. This the customs'revenue for the j*ear continues to give L, proof of the value of reductions of duties in that t The decrease on the quarter in the customs may I [degree be accounted for by the absence from that sum received from duties on foreign corn, which .Holly ceased in the autumn quarter of last year. v ■P8, taxes, property-tax, and post-office, all show a (N a considerable increase on the year. It is most c flty to notice the post-office, giving an increase of t the year which, in its turn, had exhibited an i|?ent upon the year proceeding. £ j ^vf said, that the large decrease on the year is more ( t (].'tian real, and might have been expected, and can J accounted for without any apprehensions for the L of the ordinary resources of revenue. It will be v Reference to the accounts that the year ending the 1 U October, 1846, no less a sum than £ 968,503 was I Chinese monej*, of which none has been received ,r- This sum will at once account for the defi- C 8* the ordinarj' scources of revenue—with the il? the excise—show an increase on the year. There f SIC the past year a large receipt of money ( £ 379,694) { head of payment of advances, for which we have j °nding receipt in the present year. falling off in the quarter cannot be accounted for r way—for we find that in the corresponding r uj last year the receipts of China money were only a There is no denying that in the quarter just j| 6 decrease on the whole, and the most important I, Efficiently alarming. The falling off in the customs { .*°me extent, be accounted tor by the total cessation ■{ j'11 duties. The falling off in the excise is chiefly 3ties upon malt and spirits. The decrease in the in comparison with the quarter ending October f however—with which we compare the present— t Can increase in the malt duties of £ 120,000, and in r J?8 of £ 279,000. The increase in the malt duties j •'Uted to the early malting of that year—which con- |i. the winter qaarter. This year, on the other hand, Liters hold back, in the hope of a great reduction in fi jj.of barley. To the use of sugar, too, in breweries s r">eries is to be attributed some portion of the de- |j?'h in malt and in the spirit duties, more than to any f k Jjtoinution in the consumption. i the whole, notwithstanding the decrease on the cus- the quarter, still the condition of that source of c tt the year affords no ground either for alarm for j A trade, or of regret for the reduction of those t \)on imports, from which so much loss was prophesied } ^ponents of relaxation. The falling off in the excise, does undoubtedly wear a more alarming aspect L here is no reason to doubt that it will right itself j i i^mporary causes which we have stated shall cease i t he gome consolation to those interested in such mat- t 1I0w that there is still a substantial available surplus x k(! and that the Chancellor of Exchequer will not c assistance of the bank for deficiency bills. The j i thus—so far as it goes—be at more nbertytoex- accommodation in aid of the regular trade and °f the» country.—Observer. ( ) i

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