52 



NEW TAXES. 



Property and Income Tax £20,000,000 



Estimated saving of the cost of 

 collection of Customs Duties 

 and Charges £1,800,000 



Estimated produce of new 



nominal duties — same as corn 



for purposes of registration... 1,300,000 



3,100,000 



£23,100,000 



By this scheme the excessive duties on all articles of 

 necessity would be removed, and the only other duties 

 remaining would be on spirits, wine, tobacco, malt, and 

 hops, — corn (Is.), the stamp duties, licenses, assessed taxes, 

 &c., which, according to Mr. Newrnarch's schedule, would 

 produce the remaining forty millions. 



