HC Deb 15 March 1860 vol 157 cc648-9

In reply to Mr. CRAWFORD,

THE CHANCELLOR OF THE EXCHEQUER

said, in case the discussion on the China Vote should not be protracted beyond a late hour he proposed to ask the House to take the proposal of the Government in reference to the Income Tax into consideration to-morrow in Committee of Ways and Means.

MR. WALPOLE

said, that having understood the right hon. Gentleman to propose in his financial statement that three-quarters of the amount of the Income Tax would be raised in 1860, and that certain differences in the rate of Duty in the case of incomes below £100 and above £150 would be made, he wished to know whether he intends in his Resolutions on the subject, to introduce any alteration in the proposal which he originally submitted to the House?

THE CHANCELLOR OF THE EXCHEQUER

replied, that it was not intended to make any such alteration. In case of exemptions no mention was made of them in the preliminary Resolutions provision being made for them in the Bill which might be subsequently introduced. As to the levying three-quarters of the Income Tax in the manner to which the right hon. Gentleman referred, that was a course which might be taken, strictly speaking, in accordance with the Law as it stood.