§ Another million is expected front the Customs and Excise; and this source will be the more agreeable, seeing that it is derived chiefly from the enjoyments of the higher classes. It is proposed, with certain modifications and exceptions, to raise the war duties of the Customs from one fourth to one third. Tobacco will be taxed under the Excise. Certain woods coining under this branch are to be exempted. An addition will be made to the duty on sugar of 3 shillings additional per cwt. As this tax has continued progressively to increase, and from its bulk and perishable nature cannot easily be smuggled, there is little doubt that with the addition it will be productive. The Customs then I take at 700,000l. Under the Excise an additional duty on tobacco, and in the present circumstances, and distribution of our navy, smuggling being less practicable, it will continue productive. This will be 300,000l.
Total—Custom and Excise | £.1,000,000 |
Property Tax | 5,000,000 |
6,000,000 |