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A FINANCIAL RETROSPECT, 1861-1901 327
money, and without any inquiry as to the actual duties
toot had been last got rid of. No 'Juestion as to Free
Trade, it may be again repeated, IS involved, as the
nation was never more free trading than it was in the
sixties. One or two duties, such as the corn duty, may
be technically a breach of Free Trade, but the mischief
resulting from such a breach. as it was considered in
the days of Cobden, is much less than the mischief of
a high income tax which- is now the substitute. It is
not proposed, however, to argue out the question here,
but only to show that it is inevitably raised for dis-
cussion.
[NoTE.-I desire specially to express my thanks to Dr. Ginsburg,
Secretary, and Mr. Mackenzie, Chief Clerk of the Royal Statistical
Society, for the preparation of the annexed tables. I have only been
able to revise them partially, but I am sure they are completely trust·
worthy. I have also to add (1904) that while a little difference would be
tnade in some of the figures by taking the latest financial year, following
on the close of the war, the results yielded by the retrospect generally
would not vary substantially from those here stated. The Appendix
following does not include the supplementary Tables in tbe original
paper, which will be found in the Statistical Society's Journal for 1902.
-R. G.]