British India

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Wilson, the new Finance Minister, was obliged to place an income-tax of 4 per cent, on all incomes above £,^0 a year, and 2 per cent, on all incomes from iJ^20 to £^0, but had to relinquish a proposed taxation of tobacco, and a license-tax on trades and professions. Mr. Samuel Laing, who succeeded Mr. Wilson, abolished the income-tax on all incomes under £^0 a year, and effected a reduction of 3^ millions on military expenses, and half a million on civil expenditure.
During the period from 1856
... to 1862 the natural growth in the land revenue, showed an increase of 2\ millions sterling so that Lord Canning was able to declare in 1862 "that he left India in peace and prosperity." Blind, weak, and incapable as Lord Canning's de- tractors judged him, still the proudest boast of his country will ever be that while hasty counsel urged him to wage an almost justifiable war of retribution, he had courage to declare that " no taunts or sarcasms, come from what quarter they may, will turn me from the path which I believe to be that of my public duty." He had stood calm, proudly reserved and unmoved though the raging storm of race hatred surged around and almost threatened to sweep him away in its tempestuous passion.

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