Title:
PP/GC/LE/37 Letter from Sir G.C.Lewis to Henry John Temple, third Viscount Palmerston, on expected income from taxes, appointments to government commissions and the government of Naples, 27 September [1855]
Date:
27/09/1855
Content:
Letter from Sir George Cornewall Lewis, [second Baronet, Chancellor of the Exchequer], Harpton [Court, Radnorshire, Wales], to Henry John Temple, third Viscount Palmerston: he hears an increase is anticipated of about 1,200,000 pounds for the quarter and about 2,900,000 pounds for the year in inland revenue. This covers all taxation except customs and the Post Office. The increase for the quarter is in spite of the cessation of the duty on malt on 1 July and of the repayment of about 200,000 pounds of drawback on malt since that time. There will be some reduction in the quarter from customs. The Bank of France have raised its discount rate to six percent. The Bank [of England] will have to raise its rate to five percent. "The disclosures consequent on the failure of the British bank have exhibited a vast deal of roguery in the managing body, and of helplessness and ignorance in the shareholders." He will write to Lord Stanley about the Commission. Independent persons are very unwilling to give unpaid services to the government. "One cannot wonder at it." Henley has declined to serve on the Exchequer Commission, and Lewis is now disposed to try to avoid that Commission altogether. "I hope that England and France will not send such a letter to Naples as will make them as responsible for the good government of Naples as the E[ast] I[ndia] Company were by treaty for the good of Oude, and that we shall not be reduced to the alternative of either disregarding a self imposed obligation, or of forcibly taking possession of the country; a measure which would never be attributed to disinterested motives." 27 Sep [1855] [Postscript] Lewis will write to Hall about the office for the War Department. 27 Sep 1855 PP/GC/LE/24 also refers to the failure of the bank firm of William Strahan, Paul, and Robert Makin Bates.
Extent:
Two papers
License:
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Subject:
Edward John Stanley, second Baron Stanley, first Baron Eddisbury, President of the Board of Trade
Joseph Warner Henley, Commissioner into the Court of Chancery
Kingdom of Naples; Kingdom of the Two Sicilies; Italy
Oudh, alias Oude, India
Sir Benjamin Hall, first Baronet, President of the Board of Works [?]
Patronage
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