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FINANCE—The Chancellor of the Exchequer appoints the 6th of February

for bringing forward the Budget-Expectation of great financial changes

-In consequence of the Minister's illness the Financial Statement is

postponed-It is made on the 10th February, and the Commercial Treaty

with France produced at the same time-Elaborate and comprehensive

speech of Mr. Gladstone-Extensive changes in taxation proposed by him

- Wine Duties—Paper Duty-Reduction of Tariff-Increase of Income-

tax, &c.—Reception of the Budget in the House of Commons-Mr. Du

Cane gives notice of an Amendment disapproving of the proposed changes

--Ilis motion is postponed to give place to one made by Mr. Disraeli,

relative to the proceedings on the Treaty-Speeches of Mr. Disraeli, the

Chancellor of the Exchequer, Sir Hugh Cairns, the Attorney-General, Sir

F. Kelly, Mr. Bright, Lord John Russell, Mr. Ilorsman, Lord Palmerston,

and other Members—The amendment is negatived by 203 to 230—Debate

in the House of Lords on the French Treaty, and financial measures of

the Government-Speeches of the Earl of Derby, Earls Grey and Gran-

ville, the Duke of Argyll, and Lord Hardwicke-Mr. Du Cane's notice

comes on for discussion on the 21st February, and occupies three nights

-Speeches of Mr. Baxter, Sir S. Northcote, Mr. Hubbard, Mr. Byog: Sir

Francis Baring, Mr. Bright, Mr. Whiteside, Mr. Cardwell, Mr. Osborne,

Mr. Thomas Baring, Mr. M. Gibson, Mr. Walpole, the Chancellor of the

Exchequer, Mr. Disraeli, and Lord Palmerston—The division results in a

majority of 116 in favour of the Government-Address to the Crown in

approbation of the Commercial Treaty with France, moved by Mr. Byng

in the House of Commons on the 8th of March-Sir Hugh Cairns states

some objections to the Treaty~Mr. Horsman moves an amendment,

excepting to one of the articles—The Chancellor of the Exchequer

vindicates the Treaty—The amendment is supported by only 56 votes

against 282, and the Address is carried-Lord Taunton, in the Upper

House, moves the concurrence of the Lords in the Address—IIis Speech-

Speeches of Earl Grey, Lord Wodehouse, Lord Malmesbury, Lord Over-

stone, the Duke of Argyll, Lord Derby, the Duke of Newcastle, and other

Peers—The motion is carried on a division by 68 to 38.


FINANCE — Discussions on the several portions of the Budget-The Wine

Duties—Mr. Gladstone's exposition of this subject-Mr. M. Milnes moves

an amendment in favour of allowing the Wine Merchants a further draw-

back on their stocks—It is negatived, and the original propositions are

carried—Measure for facilitating the consumption of wine by licensing

Refreshment Houses for the sale-Opposition of tbe Licensed Victuallers

and the Temperance Societies—Speech of the Chancellor of the Exche-

quier in support of his Bill-Mr. Crook, Mr. Wyld, Mr. Ayrton, Mr. Edwin

James, Mr. Hardy, and Mr. Henley oppose the second reading, which is

supported by Mr. Ker Seymer, Alderman Salomons, Mr. Villiers, Mr.

Buxton, and other members—The second reading is carried by a majority

of 74, and the Bill becomes law, Removal of a great number of minor

Customs Duties from the Tariff—Mr. T. Duncombe advocates the case of

the Cork-cutters—Sir Joseph Paxton moves an amendment on the pro-

posed remission of the Silk Duties—The Chancellor of the Exchequer

succeeds in carrying his proposition—The Income Tax-A resolution is

moved to increase the rate to 10d. in the pound for one year-Sir Henry

Willoughby moves to substitute 9d.—This and other amendments are

negatived, and the Bill is passed—Excise ON PAPER—Various opinions as

to the policy of repeating this Tax-Sir W. Miles moves an amendment

to defeat the second reading of the Bill-Speeches of Mr. Stanhope, Mr.

Norris, Mr. Black, Mr. Maguire, Lord R. Cecil, Mr. M. Gibson, Mr. Hors-

man, the Chancellor of the Exchequer, and Sir John Pakington—The

amendment is rejected by 245 to 192——The third reading is again con-

tested, Sir Stafford Northcote meeting it with a hostile motion-Speeches

of Mr. M. Gibson, Mr. Puller, Lord H. Vane, Mr. Ellice, Mr. T. Baring,

the Chancellor of the Exchequer, and Mr. Disraeli—The third reading is

carried by nine votes only-Lord Monteagle gives notice of his intention

to move its rejection in the House of Lords—The Earl of Derby also

intimates his resolution to resist this part of the financial scheme-

Important debate upon the second reading in the House of Lords on the

21st May-Earl Granville opens the debate in an able speech-Lord

Lyndhurst asserts the constitutional right of the Lords to reject the Bill

-Lord Monteagle attacks the financial plans of the Government—Lord

Cranworth opposes Lord Lyndhurst's view as to privilege–The Duke of

Argyll vindicates the Chancellor of the Exchequer's measures—The Earl

of Derby, in a powerful speech, supports the amendments, and comments

severely on Mr. Gladstone's policy—The second reading is negatived by a

majority of 89_Great conflict of opinion occasioned by this proceeding

of the Upper House-It is regarded by some as a great infraction of the

privileges of the House of Commons-On grounds of financial expediency

the Lords' decision is approved in many quarters-Some agitation on the

privilege question takes place-In the House of Commons Lord Palmer-

ston mores the appointment of a Committee to search for precedents-

The Committee makes a report-On the 6th of July Lord Palmerston

proposes three resolutions, defining and affirming the exclusive right of

the House of Commons-Supplies to the Crown-Interesting debate on

these resolutions-Speeches of the Premier, Mr. Collier, Mr. Coningham,

Mr. B. Osborne, Mr. E. James, the Chancellor of the Exchequer, Mr.

Whiteside, Lord Fermoy, Mr. Butt, Mr. Stansfeld, Mr. Disraeli, Lord John

Russell, Mr. Horsman, Mr. Bright, and other members—The resolutions

are agreed to without division—The assertors of the exclusive privilege

of the Commons are still dissatisfied—Lord Fermoy moves a resolution

protesting against the alleged encroachment of the Lords—It is rejected

after a debate by 177 to 138—The Excise Duty on Paper being thus

continued, Mr. Gladstone proposes an adjustment of the Customs Duty

on that article with reference to the French Treaty—The Paper Manu-

facturers exert their influence to defeat the measure—They allege special

circumstances exempting their case from the rule of Free Trade—The

Conservative party take up their cause _Mr. Gladstone states the argu-

ments for his measure in a powerful speech on the 6th of August-Mr.

Puller moves an amendment, and supports the case of the Manufacturers

-Sir Hugh Cairns, Mr. Henley, and Mr. Disraeli support the amendment-

Mr. Childers, Mr. Crossley, Mr. Maguire, the Attorney-General, Lord John

Russell, and Lord Palmerston maintain the principles of Free Trade as

applicable to the case-Mr. Puller's amendment is negatived by 266 to

233, and the propositions of the Government are adopted. · [57

MILITARY AND NAVAL AFFAIRS—Mr. Sidney Herbert moves the Army

Estimates, which are of unusual magnitude—He makes a full statement

of the condition, discipline, and equipments of the Army—The Naval

Estimates, also unusually high, are moved by Lord Clarence Paget-His

speech, detailing the amount and statistics of our Naval forceThe Civil

Service Estimates are referred, on the motion of Mr. Wise, to a Select

Committee-MANNING TIE NÁVY-A resolution upon this subject is

moved by Sir C. Napier in the House of CommonsDebate thereon-

Speech of Lord C. Paget on behalf of the Government–The motion

is agreed to-Debate in the House of Lords on the same question-

Speeches of the Earl of Hardwicke, the Duke of Somerset, and Lord Ellen-

borough-On the 1st of May, Lord Lyndhurst brings the state of our

Naval Defences before the House of Lords in an elaborate speech-He

compares our preparations and equipments with those of France, and

urges the necessity of strengthening our Navy-Speeches of the Duke of

Somerset, Lord Hardwicke, and Lord Colchester-Further discussions on

the best means of manning the Navy originated by Sir C. Napier and

Mr. Lindsay in the House of Commons—Explanations of Lord C. Paget

-Mr. Lindsay's motion is negatived— PROMOTION IN THE ARMY—Sir

De Lacy Evans moves an Address, having for its object the abolition

of the purchase system - Speeches of Captain L. Vernon, Colonel

Dickson, Sir F. Smith, Captain Jervis, Colonel Lindsay, Colonel P.

Herbert, Mr. Sidney Herbert, Mr. Ellice, and other members. General

Evans' motion is rejected by 213 to 59—Lord Panmure raises the same

question in the House of Lords, but vindicates the purchase system-

Speeches of Lord De Grey, Lord Lucan, Earl Grey, the Duke of

Somerset, and the Duke of Cambridge-Flogging IN THE ARMY AND

Navy-Mr. W. Williams moves for returns on this subject, and reprobates

the practice-Lord C. Paget recommends that the motion be modified-

Remarks of Mr. Sidney Herbert, Sir C. Napier, Mr. Buxton, and other mem-

bers—The motion, as amended, is carried--Sir John Pakington moves for

a Royal Commission on the system of Promotion and Pay of Naval Officers

-It is resisted by the Government, and rejected on a division-FORTIFI-

CATION OF DOCKYARDS AND ARSENALS—Lord Palmerston, on July 23rd,

brings before the House of Commons this subject, and recommends defen-

sive measures founded on the Report of the Defence Commission-His

specch, explaining the details of the plan, and the proposed mode of de-

fraying the expenditure-Reception of the measure by the House of Com-

mons—Mr. Lindsay moves an amendment disapproving the expenditure

for land fortifications-Mr. Sidney Herbert in a long explanatory speech

justifies the recommendations of the Commission-After several speeches,

and a reply from Lord Palmerston, the proposition of the Government is

affirmed by a majority of 268 against 39—A Bill being brought in to

give effect to the resolution, Mr. Edwin James moves its rejection, and is

seconded by Sir C. Napier-Mr. Sidney Uerbert supports the motion-

After full debate, the second reading is carried by 141 to 32—In the

House of Lords, Lord Ellenborough gives his support to the Bill, but

thinks further defensive measures desirable-Speech of Lord De Grey and

Ripon, who adverts with much satisfaction to the newly-raised Volunteer

Corps-—The Fortifications Bill is passed.

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