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. 
