Publisher's Synopsis
Excerpt from The Annual Register, or a View of the History and Politics of the Year 1861
Frauen - The Annual Budget is brought forward by Mr. Gladstone on the 15th of April - His Speech and Financial Propositions: remission of 1d. On Income Tax and Repeal of the Paper Duty - Remarks of Sir Stafford N orthcote, Lord Robert Cecil, and other Members - The Motion for going into a Committee on the Budget leads to protracted Debates The proposed Repeal of the Paper Duty excites much Opposition from the Conservative Party - Speeches of Mr. Thomas Baring, Mr. Bentinck, Sir S. N orthcote, Mr. Seymour Fitzgerald, Mr. Milner Gibson, Mr. White side, Mr. B. Osborne, Mr. Horsfall, Mr. Horsman, Mr. Bright, the Chan cellor of the Exchequer, Mr. Disraeli, and Lord Palmerston - No Division takes place, and the House goes into Committee - Further objections urged at this stage by the Opposition - Mr. Hubbard preposes a Resolu tion, which is withdrawn - On the Proposition to renew the existing Tea Duties, Mr. Horsfall moves, as an Amendment, to reduce the Duty to Is. - A Debate ensues, in which the Marquis of Hartington, Sir 8. North cote, Sir George Lewis, Mr. Disraeli, and Lord Palmerston take part The Resolution of the Government is passed by a Majority of ls - The other Resolutions are carried, the remission of the Paper Duty exciting strong protests from the Conservatives - The Chancellor of the Exche quer announces his intention of including all the financial arrange ments of the Budget in a single Bill - Objections taken to this mode of proceeding - Mr. Mcdonough argues against the form of the Bill on Constitutional grounds - He is powerfully answered by Sir James Graham - Sir William Heathcote, on behalf of himself and Mr. Walpole, expresses dissent from Mr. Mcdonough's views - Mr. Rolt, Mr. Whiteside, Lord R. Cecil, and Mr. Horsman support the objections to the Bill - Mr. Puller, Mr. Mellor, the Chancellor of the Exchequer, and Lord Palmer ston justify the course taken by the Government - The Bill is read a second time and committed - Further discussions on the Paper Duty On the 4th clause repealing that impost, a warm and protracted Debate arises - After Speeches from the leading Members on both sides, a Division takes place, which exhibits a Majority of 15 for the Govern ment - The result is hailed with acclamation by the Ministerial party The Bill goes up to the House of Lords - Earl Granville preposes the Second Reading in a temperate Speech - the Duke of Rutland moves the rejection of the Bill - The Earl of Derby strongly condemns the Budget, and disapproves of the mode of proceeding by a single Bill, but advises the withdrawal of the Amendment - Speeches of the Duke of Argyll, Earl Grey, and Lord Monteagle - The Duke of Rutland withdraws his Motion, and the Bill is passed, nem. Cow - Various motions for financial reductions and inquiries - Mr. Hubbard moves for a Committee to in quire ifito the means of mitigating the inequalities of the Income Tax The Motion is carried against the Government by a majority of 4, but the inquiry by Committee leads to Ono result - Mr. W. Williams moves a Resolution in favour of assimilating Probate Duties on Personal and.
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