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,THE REVENUE.

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THE REVENUE. ONE of the most important events of last v eek is the pub- lication of the Itevenue tables for the last qui iter. We have "inserted an abstract in another column. The returns cer- tainly are not over-cheering. The gloomy characteristics of the revenue tables," says the tainly are not over-cheering. I- The gloomy characteristics of the revenue tables," says the Spectator, arc soon told. On the year there is a decrease under every head, with the exception of 'China inoiicv, the whole de- crease being £ 2,587,000. On the quarter, there is an ostensible increase of £ 182,0 JO in Excise, and a small increase under Crown -lands and Miscellaneous also, one not worth noting, except for exactness, on Imprest-moneys: on all the other branches there is a -decrease, amounting, in round* numbers, to £ 327,000 in the ag- gregate. One deficiency in the table is truly stated as being more apparent than, real. For the second time since the change the Post-office figures on the side of decrease, But that depart- ment has just had to pay a claim preferred against it by the Great We8tern Railway Company, for some tim.e litigated, and now de- cided in favour of the company the payment on that head explains the apparent decrease in the annual account—there has been no falling off in the number of letters." The net loss, however, is reduced by the China money to £ 2,587,709. But the decrease in 1847 in comparison with 184(5 was £ 1,453,1;43. The total loss of revenue then in 1848, as compared with the corresponding quarter of 1846, amounts to £ 4,268,229. The following is the comparison of the two last Years :— Year July oth, Year July 5th, 1846, to July 184-7, to July 5th, 1847. 5th, 1848. Decrease. £ £ £ Customs „ „ 18,792,348 „ ,,17 ,888,\)88 903,31)0 Excise „ 12,733,9918 „ 12,273,233, „ 470,765 Stamps „ „ 7,201,797 „ „ 6,4-49,108 „ „ 752,689 Taxes „ „ 4,325,732 „ 4,306,703 „ „ 19,029 Property Tax „ 5,491,936 „ 3,411,253 80,683 Post Office" 85-1,000 „ „ 787,000 „ „ 67,000 Crown Lands 112,000 71,000 41,000 Miscellaneous" 307,621 230,201 77,420 ^iSvem™'117 j 49'819>432 „ „ 47,407,486 „ 2,488,946 It is certainly difficult to imagine what matters for con- gratulation can exist in this state of things. If," as Dou- t/las Jerraid's Neivspiqwr Vf.e 11 observes, "we contrast the national, balance-sheet with the balance-sheet of a private merchant, we become more conscious of the absurdity of our gratulations when we observe only small deficiencies. An indebted individual does not think his business properous, unless the weight of his liabilities is annually diminished; but the nation goes on from year to year, never thinking' of reducing its obligations. It absolutely sends up a loud shout of triumph if the income equals the expenditure, and even when it falls short, its serenity is scarcely disturbed. It imagines that a day of reckoning can never arrive, or con- soles itself with the idea that should such an unexpected event come to pass, all its difficulties may be removed by the application of the sponge." Our financial condition undoubtedly must undergo a strict investigation ere long. The people of these realms will demand at no distant day why they should be compelled to pay for the fooleries and immoralities of past ages. They will inquire why a Christian nation should be compelled to pay the wages of prostitution, and the expenditure of the bastardy of their rulers in former days. The national debt must be swept away by some contrivance or other, or it will be in vain for us to expect permanent prosperity. Our senators may betake themselves in the regions of oblivion, but sooner OJ; later they must assuredly awake from their dream, and be prepared to deal with this monster grievance.

CARDIFF.

NEWPORT.

MILFORD,

,MERTIIYR.

BRIDGEND.

&NARBERTII.

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