Twenty Years of Financial Policy. a Summary of the Chief Financial Measures Passed Between 1842 And 1861, With a Table of Budgets

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The orders in council then issued led to a great disturbance of the trade with neutral nations, and created an amount of loss and disturbance 270 'Twenty Tears of Chap. V. of Commerce and industry, which it would per- 1855. haps be no exaggeration to say was equal to the entire detriment and suffering created by the increased taxes. From that cause of national loss the country has been fortunately saved by the wise measures which the late Government have adopted. In consequence of the measures
...adopted in former years by the legislature, as well as of the measures taken for the protection of our commerce since the war, hitherto with success, a sound state of commerce has been pre- served, and it appears that a vast increase has taken place in the amount of our foreign trade.
As a proof of the present power of the country to bear increased taxation, I will beg to draw the attention of the Committee to a comparison of our imports and exports in the year in which the French war broke out, in the year when peace was concluded, and in the present year.


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