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THE QUARTER'S REVENUE. HERALD.—The II evenuc returns for the year ending on Saturday, present another testimony to that course ol rapidly advancing prosperity, which has distinguished the. last three or four-years from any equal period in the history of this or of any other country. The net increase of revenue upon the last year, as compared with the eminently productive year ending twelve months ago, amounts to no less than £ 847,000. And this, notwith- standing all the large reductions in the duties, the colton duties, the glass duties, the auction duties, and other sources ot revenue. These reductions have nearly all fallen within the last quarter, which, therefore, exhibits a decrease, but not much more than half the decrease that it would exhibit had the reductions been all loss. At present we are not in possession of the means of showing the several articles upon which respectively in- crease and decrease have arisen; but we are able to con- gratulate our fellow-subjects, upon indisputable evidence, of a course of general prosperity without example. CHRONICLE. -The revenue accomts for the quarter are extremely satisfactory. They present one of the most convincing proofs which has yet been adduced of the prodigious advantages of cheap food and low duties in augmenting the revenue of the state. At the begin- ning of this session Sir Robert Peel lowered the duty on sugar, abolished the duties on cotton and staves, and on a great variety of small articles, which lie calculated would reduce the Customs revenue on the year by the sum of £ 2,-US,000, or on the quarter E603,000, The accounts show that the diminution is only £;Hi9,:1Si; the Customs revenue for the quarter, therefore, is in reality nearly £ 210,000 better than the corresponding quarter of last year. Similar remarks apply to the Excuse. The reduc- tion in this branch of the revenue for the quarter, as shown by the tables, is £ 149,908; but Sir Robert Peel calculated in February that the Excise revenue would lose on the year, by the abolition of Ihe duties on auctions and glass, £Nn:OOO, or on the quarter, £ *223,000, whereas tbe ioss is oniy £ 149,908. The duties which remain, therefore, of the Customs and Excise branches of the revenue have yielded considerably more than in the cor- responding quarter of last yea1', in conjunction with comparative cheapness and the abolition of duties. The jther branches of the standing revenue show a correspond- ing increase on the quarter. The Stamps have increased irl.'52,000 the Assessed Taxes £ 10,000 and the Pro- perty-tax £ 157,000. In these results there is great encouragement to allow the utmost possible extension of trade, bv the removal of all duties which are not indis- pensable for the public seivice, and all restrictions but Lhose which are necessary to levy the duties.


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