§ MAJOR REEDsaid, he understood the right hon. Gentleman the Chancellor of the Exchequer to have stated the other night, that he proposed that incomes above £150 should, for the three next years, be subject to a tax of 7d. in the pound, while incomes between £100 and £150 should only be subject to a tax of 5d. in the pound. But in the printed Resolutions of the right hon. Gentleman then before the House, no allusion was made to the imposition of the lower rate in the case of incomes under £150. Under those circumstances, he wished to know whether there had been an omission in that case on the part of the printer, or whether the right hon. Gentleman intended that all incomes liable to the tax should be assessed at the rate of 7d. in the pound.
THE CHANCELLOR OF THE EXCHEQUERsaid, that there was no omission in the present Resolutions, although he proposed to carry into effect the statement he had made on Friday last. The Resolutions had been drawn in the usual form, and they set forth the maximum duty which it would be competent to him to propose. But he could move a diminution of that duty, and he meant to avail himself of that right on the occasion of his introducing the Bill for carrying the measure into effect.