§ It is computed there are 1,200 different rates of duty, all carefully considered. Proportion borne by duty in each case to average price considered.
§ General Principle of Alteration.
§ 1. Removal of prohibitions and relaxation of prohibitory duties.
§ 2. Reduction of duties upon raw materials for manufacture to very low duties; in some cases nominal; in none exceeding 5 per cent
§ 3. Reduction of duties upon articles partially manufactured to a point not exceeding 12 per cent
§ 4. Reduction of duties upon manufactured articles to a point not exceeding 20 per cent
§ 5. Reduction of duties upon colonial produce.
| (No. 13.) | |
| SUGAR. | |
| Cwt. | |
| Imports in the year ending January 5,1841 | 5,035,000 |
| Imports in the year ending January 5, 1842 | 4,883,000 |
| Entered for home consumption in 1840 | 3,606,000 |
| Entered for home consumption in 1841 | 4,065,000 |
| Gross amount of duty in 1840 | 4,465,000 |
| Gross amount of duty in 1841 | 5,123,000 |
| Estimate of the Import of Sugar for the Year 1841. | |
| British plantation, Mauritius, and East India sugar in ware-house— | |
| In London, March 5 | 410,000 |
| In out ports, March | 180,000 |
| Total in warehouse | 590,000 |
| Expected import of sugar in the year ending April 1843:— | |
| Cwt. | |
| West Indies | 2,400,000 |
| Mauritius | 800,000 |
| East Indies | 1,700,000 |
| 4,900,000 | |
| In warehouse | 590,000 |
| Total available in 1842-3 | 5,490,000 |
| The quantity of sugar taken out for home consumption in 1841-2, 4,040,000 cwt., leaving a surplus above the largest consumption of sugar, 1,220,000 cwt. | |
| (No. 14.) | |
| REMOVAL OP DUTIES—EXPORT. | |
| COFFEE. | |
| There has been a reduction in the consumption of coffee. | |
| lb. | |
| Entered for home consumption in l840 | 28,708,000 |
| 1841 | 28,421,000 |
| Gross amount of duty in 1840 | £922,000 |
| 1841 | 880,000 |
| The duties on coffee are—. | |
| On foreign coffee | 15d. per lb. |
| On coffee the produce of British possessions | 6d.— |
| Coffee imported from any British possession within the limits of the East India Company | 9d. — |
| The coffee of Hayti and Brazil take advantage of this. In dealing with coffee, or any similar article, it is important to make such ft reduction as shall reduce the price to the consumer. | |
| The Revenue for 1841 derived from the present Duties, viz.:— | |
| Revenue. | |
| From British Possessions, 17,571,8841b., at 6d | 463,699 |
| "Foreign countries, 10,849,096lb., at 9d., 1s.,and 1s, 3d | 427,947 |
| Revenue received in 1841 | £891,646 |
| Assuming no increased consumption, the Revenue at the two duties of 4d. and 8d. per lb., would be:— | £ |
| From British possessions, 17,571,8841b., at 4d. | 292,864 |
| "Foreign countries, 10,849,096lb. at 8d. | 361,636 |
| Revenue for 1842,3 | 654,500 |
| Revenue for 1841 | 891,646 |
| Loss, assuming no in crease of consumption | 237,146 |
| Assuming that the increase of consumption will be 10 per cent, viz., producing | 65,450 |
| Probable loss of revenue | £171,696 |