HC Deb 18 April 1842 vol 62 cc670-1

These are the four articles which produce the largest revenue. They produced,—

In 1835–7 £51,830,000
1838–40 49,289,000
Decrease £2,541,000

That showed a decrease of nearly 5 per cent.! Had these duties increased with the population, they would have produced 53,903,000l., or 4,614,000l. more than they did, being a virtual falling-off of 1,538,000l. per annum. From this, then, he deduced the fact that concurrently with the rise in the price of wheat, there had been a virtual falling-off in the revenue to the amount of 2,321,000l., nearly the same amount as that of the actual deficiency which had occasioned the Income-tax. This falling-off of revenue had taken place, notwithstanding an increase of duty paid on the importation of foreign corn to the amount of 1,477,000l. during the last three over the former three years; and above one-half the falling-off had taken place on articles most used by the industrious classes. He would show this by another paper. The hon. Member read the following Tables of the Separate Items quoted above in Gross:—