51 



PROPOSED NEW INCOME AND PROPERTY TAX. 

 Estimated uniform rate of one halfpenny in the pound on 

 the capitalized value of all incomes : — 



CLASS. 



Income 

 per Year. 



No. of 

 Years 

 Value. 



Capitalized 

 Value. 



Income and 

 Property Tax, at 

 One Halfpenny in 



the Pound on 

 Capitalized Value. 



Labourers and Work men 



Clerk 



Ditto 



Salesman 



Attorney 



Surgeon 



Shopkeeper 



Manufacturer 



Merchant 



Owner of House Property.., 



,, Railway Stock 

 Mortgage 



„ Land — Farms 



,, Government Consols 



„ Annuity for Life ... 



„ Church Living for 

 Life 



,, Army or Navy Ap- 

 pointment 



,, Civil or Military 

 Pension 



£. 

 60 

 100 



300 

 500 

 600 

 600 

 400 

 1,000 

 ],000 



1,000 



1,000 

 1,000 

 1,000 

 1,000 



1,000 



1,000 



1,000 



6 

 7 

 7 

 8 

 10 

 10 



15 



25 

 30 

 30 

 15 



12 



10 



8 



£. 



300 



600 



1,800 



3,000 



4,200 



4,200 



3,200 



10,000 



10,000 



15,000 



25,000 

 30,000 

 30,000 

 15,000 



12,000 



10,000 



8,000 



b. s. a. 



12 6 



15 



3 15 



6 5 



8 15 



8 15 

 4 



6 13 

 20 16 

 20 16 



31 







52 1 8 



62 10 



62 10 



31 5 



25 



20 16 8 



16 13 4 



Mr. Chadwick proposed to apply this scheme by imposing 

 a tax sufficient to raise twenty millions, and to repeal the 

 following existing duties, and impose only a nominal duty, as 

 in the case of corn. 



Customs Duty on Tea— producing £ 5,300,000 



Ditto Sugar— ditto 6,000,000 



Ditto Coffee— ditto 500,000 



Ditto Other Articles ditto 1,800,000 



Excise Duty— Paper 1,100,000 



Fire Duty 1,800,000 



Amount of Income Tax for 1858, at 6d. 



£16,500,000 

 6,600,000 



Total Taxes to be Repealed £23,100,000 



