Page 449 - clra62_0019-(GIPE)

INDEX 441
Finana'al Relrosped, A, 1861- FOOD and drink, enormous ex.
19 01 [I '02 ]-ionllnued. penditure of people of United
to increase of debt charge. Kingdom on, ii. 370.
Nearll twelve million £ due to - imported, dependence of
~t 0 educatioQ. Especial)06i.
tlon of pOltal expenditure. Ex. other countries besides Eng.
penditure on armaments may go land on, ii. '4.
to eighty million £ a year. Great - numbers dependent on
increase of revenue in fifty years. ~merican imported, in Europe,
Present burden more easily borne
than that DC 1861. Diminution n. 24.
DC taxation in the period. Changes ~ supply, foreign, of Europe,
amongst the taxes. Need for ex. u. 34"
a.mination of the .ystem of taxa. Forergn Competition [18n], i. 423'
tlon, ~24·J27.
AI""""" I.. TO~/I I. Revenue 43°·
and expenditure DC United King. Foreign competition question arises
dom In certain years, with popu. when trade is depressed. Fallacy
lation at those times, showlDg of the argument. Portion of na·
expenditure per head, 3211. tional income derived Crom our
TII6/, I. dO. Amounts received and foreign export trade, 423-424-
handed o"er to local authorities Present annual earnings of people
by the Imperial Government,and of United Kingdom about 1,200
subventions which local authori. million £, of which income tu·
ties acknowledged, 328. paying class receive half, 424-
- II. Amount 01 national debt 425·
and charges for interest, J2CJ. Net income from exports about 140
-- III. Army and navy expendi. million £. or one-eighth of na-
ture( exclusive oC amounts charged tional income, 426-
to capital), J29. Loss of a considerable portion of our
- IV. Civil service and post export trade would not be a per-
ollice expenditure, 330. manent or great evil. Effects of
-- V. Principal branches oC reo the cotton famine mostly local.
venue, 331. Difficulty of foreign competitors
-- VI. Net receipts !rom princi· to dioplace us in our foreign trade
pal heads of customs, 332. owing to their want of the neces-
- VII. Income tax assessments, sary capital. The same difficulty
immensely greater when applied
33 2 •
-- VIII. Net receipts Crom prin. to our home trade, 428-42CJ.
cipal heads DC excise, 333- Stimulus of foreign competition io
-- IX. Yield of a penny on the a way beneficial to English
income tax at different periods, manufacturing industries, 430..
N.". The figures are lUJ:Cr now
333·
-- X. Rates of duty on principal (19031; the so-called manufac·
heatls of customs. 334. tures imported are mostly raw
-- X I. Income tax, gross assess· materials for our ownf industries,
ments to, of land, houses and which have increased greatly
railways, 335. since 1877, and are still increas-
-- XII. Proportion of certain ing, 430..
branches of revenue to total re- Foa&IGN competition and the
venue, 335.
- XIII. Taxes imposed or in· etrects of adverse tariffs, ii.
creased, or repealed or reduced III.
in 1861-1901, l'ith estimated - -- a stimulus to English
gain or loss in a complete year. industries, i. 430.
336• - export ~ade, our, compared
FISCAL agitation, fallacies of pre- with totai national income, i.
sent, ii. 423. 4 24.