NEW TARIFF.

The question of the income-tax being thus settled, government proceeded to carry into effect the other great branch in their financial scheme—the alterations in the tariff or customs duties. A complete copy of the tariff was placed in the hands of each member of parliament previously to the 5th of May, on which day it was announced that it would be moved to go into committee on this important subject. On that day the proceedings in the house of commons, were commenced by an elaborate preliminary statement on the part of the prime-minister, in which he showed that the general object of the present government was to simplify the existing law. Sir Robert Peel then went over in detail some of the chief alterations proposed in duties on what is called raw material. Among the articles under this denomination were clover-seed, woods, ores, oils, extracts, and timbers, on all of which he proposed to reduce the duties. On articles of foreign manufacture, Sir Robert continued to explain that he proposed to levy an amount of duty, generally speaking, not to exceed twenty per cent. He next proceeded to combat the argument of his opponents, that he had begun at the wrong end, that he should have reduced the duties on articles of provision, and have dealt more largely with the corn-laws. Taking the whole tariff, he contended that it would be seen that the cost of sustenance was greatly reduced. At that moment, he said, under the old law the duty on foreign wheat would have been 27s. a quarter; under the new law it was 13s. Then again, beef, fresh or slightly salted, was absolutely prohibited; but he proposed to admit it at 8s. a hundred-weight. He further proposed to lower the duties on lard, hams, salmon, herrings, hops, &c. Sir Robert then explained that in the amended tariff, on the representation of straw-plait makers, the duty had been increased from 5s. to 7s 6d. in the pound; at the same time he showed that it would be no protection to them, inasmuch as the article was of such a nature that it could be easily smuggled into this country without detection. He then endeavoured to convince those who feared the reduction of duties on live cattle, that their alarm was groundless, arguing that the English grower had substantial security in the quality of the article, and that England from this circumstance might become an exporting country. Mr. Labouchere said that he had heard the speech of the right honourable baronet with great pleasure. At the same time he asserted that the late government had announced a tariff reform; and that it was only the want of success which attended its plans with respect to corn, timber, and sugar, which had prevented it from submitting to the house measures of a similar character to those now brought forward. After a protracted discussion, the house divided on the question, that the speaker do now leave the chair, which was carried by a majority of two hundred and nineteen against one hundred and fifty-two. On the 13th of May, on the motion of going into committee on the customs’ duties bill, Lord Howick proposed this resolution:—“That in making a new arrangement of the customs’ duties, it is not expedient to impose different rates of duty upon the same articles when imported from foreign countries or from British possessions, in any case where no such difference now exists; and that in those cases in which such a difference already exists, it is not expedient that it should be increased.” He argued that such differences would injure the revenue without benefiting the consumer; while they would force colonial traders into precarious existence. This view of the case was ably combated by Mr. Gladstone; and on a division the motion was negatived by a majority of two hundred and eighty-one against one hundred and eight. The house considered the tariff in detail after the Whitsuntide recess; when the duties on cattle and provisions excited keen discussion, the agricultural members being alarmed at the prospect of foreign competition, which they anticipated from the reduced duties. On the house going into committee on the 23rd of May, the motion being made, “That in lieu of the present rates of duty now payable on the articles enumerated in the annexed schedules, there shall be raised, levied, and paid upon the importation of the said articles into the United Kingdom, the rates of duty proposed in the annexed schedules;” Mr. Miles moved, by way of amendment, the following words:—“All live stock imported from foreign countries being charged by weight.” In support of his amendment Mr. Miles went into a variety of calculations to show the injury that would result to the farmer from the proposed arrangement of duties, contending that the United States, Denmark, Holland. Prussia, and the various states of Germany, would fatten cattle for the English market, and thus render it impossible for the farmers at home to compete with the foreign breeder. He was supported by the Earl of March, and Messrs. H. Palmer and G. Heathcote, and opposed by Lords Alford and Norreys, Colonel Wyndham, and Messrs. Gaily Knight and Gladstone. The latter said that a material omission in Mr. Miles’s argument, was the want of proof that a large quantity of cattle could be imported so as to injure the English farmer. Lord John Russell, in continuation, said that he rejoiced to hear the principles laid down by Sir Robert Peel; but he argued that they should have been extended to the corn-laws. Other members spoke on both sides of the question; and after a reply from Mr. Miles, the amendment was rejected by a majority of three hundred and eighty against two hundred and sixty-seven. When the committee resumed on the following day, Mr. Miles moved an amendment, imposing a duty of 5s. 6d. per cwt. on live cattle, and 9s. 4d. per cwt. on the dead meat. This amendment, however, was withdrawn; and one moved by Mr. Villiers, that the duty of one shilling per head on oxen and bulls be substituted for the government proposition, was rejected. The items in the tariff were then taken seriatim. Discussions took place, and amendments were proposed on the duties affecting swine and hogs, foreign fish, apples, butter, potatoes, timber, cotton manufactures, foreign silk, &c.; but in each case the duties affixed by government were affirmed by large majorities. The third reading of the customs’ act was at length moved on the 28th of June, on which occasion Mr. John Jervis moved a clause to grant a drawback on coals proved to be exported for the consumption of British steam-vessels. This motion was rejected; and on the question that the bill do pass, Lord John Russell made some few remarks on its general provisions, and Sir Robert Peel acknowledged the support which he had generally received from both sides of the house. The question being then put from the chair, the bill was read a third time, and passed in the midst of loud cheers.

The customs’ act was read a first time in the house of lords two days after it had passed the commons, and the Earl of Ripon moved the second reading on the 5th of July. Two days afterwards the house went into committee on the bill, and every amendment proposed by opposition lords was negatived without division, and the bill passed through committee, and was reported.

The subject of the duties on sugar was brought forward in a committee of ways and means, on the 3rd of June, by the chancellor of the exchequer, who explained the reasons why government could not consent to the admission of foreign sugar at a lower rate of duty, and moved a resolution that the present duties should be continued one year; which proposition, after a lengthened discussion, was confirmed.

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