Papurau Newydd Cymru

Chwiliwch 15 miliwn o erthyglau papurau newydd Cymru

Cuddio Rhestr Erthyglau

6 erthygl ar y dudalen hon

,.. THE REVENUE.

Newyddion
Dyfynnu
Rhannu

THE REVENUE. Upon the revenue for the quarter ending 5th of July, as compared with the corresponding quarter of last year, there is a deficiency of £ 349,693; being somewhat about £200,000 more than was expected. For ourselves, we confess that we are not at all surprised at the deficiency, nor do we think it can be matter of wonder or alarm in any quarter. There must always be a fluctuation in the amount of the revenue more or less in every quarter. We cannot expect a constant increase. There must of necessity be a variation in the amount. The decrease in this quarter is principally in the customs and excise—the deficiency in the customs being £ 245,415, and that in the excise f 149,064. The increase is in stamps £ 21,080. The post-office and taxes produce an increase of £40,000, or so. The whole decrease on the quarter is £411,123, and the increase £ 61,430, leaving a ba- lance of £ 349,693; but the decrease on the year is, only £ S2,'628, the decrease on the customs being exactly coun- terbalanced by the increase on the excise.. Were taxation made more general, and at the same time more just, the revenue would not only be more flourishing but less subject to fluctuation of a desponding character. Let us hope that time, the great reformer, will effect this. Upon the subject of the Revenite the Morning Herald makes the following observations:- "Considering all things, the statement is gratifying, and is an answer to that which has been put forth for several days past, respecting the alarming state of the revenue.' That for some time past there has been great distress among the cotton and silk weavers there cannot be the least doubt; but that distress, we well know, has entirely arisen, so far as the manufacture of cotton goods is concerned, in consequence of the masses of machinery which have been within the last twenty years erected, and which masses have poured goods faster than they can be consumed at home—though the English people are very extravagant as to dress, take them generally—or faster than foreigners can take and pay for our goods abroad. The same reasoning, only in a lesser degree, may be applied to the silk goods' trade. Last year, we believe, there was double the quantity of silk imported, which brought down the price, and that materially and the presump- tion is, that double the quantity of silk goods were made. Now, it stands to reason, that if the consumption did not double, the manufacturers would be overstocked, which alone would put a stop to further production. The consequence was, weavers were thrown out of employment. The fashion of late years has been for the poor to forsake agriculture and take to manufactures. But who can blame them ? for to sit and weave under cover is much easier than to stand and dig exposed to the weather. The consequence has been, over-production of manufactured goods— under-production in such things as poultry, fruit, &c. &c. Cali- coes, which at one time were 50s a piece, are now worth 10s. Over-production by means of machinery has brought this about; while fowls in London, which, twentv-five years ago, were worth 4s a couple, have been selling lately as high as 12s and 18s a couple. Fruit and many other things have borne prices in pro- portion. Let any one only reflect a little when they give a penny for a small apple or a pear also the high prices they pay for geese, turkeys, ducks, &c.; and then we think they will agree with us, that, if people turn to manufacturing, they consequently forsake the rearing of pigs, poultry, fruit, &c. Mr. Robinson, Mr. Huskisson, and others, by their talk, have set people mad as to manufacturing. Every one has been striving his utmost to produce goods the evil, however, has cured itself, at least for the present. We hope the present Ministry will, in their places in Parliament, avoid making long speeches about commerce, &c. for such speeches always do harm, by encouraging people to trade more than they ought to trade-to produce more goods than they ought to produce. The consequences invariably are, ruin to the over-traders and over-manufacturers. At the same time it must be admitted that the country is benefitted by cver-production, for things are rendered so much cheaper to the consumer. We have often wished that the makers of machines for spinning and weav- ing cloth would turn their attention to agricultural luxuries, that so we might have an over-production of fowls, chickens, geese, turkeys, pears, apples, &c.

Advertising

■Mtitwf).:

.... IFTELAND. -'""J.V«

.,'q/--q",, FRIDAY'S LONDON…

..1foreign.