Finance debate over loans and taxes in wartime Parliament
Members dissect the loan terms from Bank of England renewal and the Ways and Means. Deliberations cover income tax prospects, tea and spirits duties, rum and brandy rates, and potential reforms. Critics warn against overreaching estimates while praising sound finances powering wartime effort and a future peace.
MENTIONED IN THIS ARTICLE
Fiinof
Finkme
Thracy
Baron Hompeth
Consolidated Fund
Mutor
Grenada
Treaty of Lisle
Mansion House
Tfe
Gentlanan
Ife
Rote
Piéé
Pitt
Cane
Sam Hot
Tie
France
Ile
Gentleman
Gentiemag
Gessleman
Bank of England
Verney
Burdon
Jolliffe
Norrow
Tax Budget Proposes Five Percent Duty on Tea
London reports the Chancellor unveils the Budget with a 5 percent tax on high priced tea, plus five percent duties on rum and brandy. Income tax and convoy bill cited as yielding eight million plus. Fire destroys Limehouse Hole home and deal-yard, nine evacuees escape. Adelphi Packet capture noted and patronage inquiries opened.
MENTIONED IN THIS ARTICLE
Yeterday
Isis
House of Commons
East India Company
Adelphi Packet
Leeward Islands
James Mints
Limehourt-hole
Also Mentioned on This Page
Coor
Guidleman
Bank Charter Loan
Vote of Credit
Eatneta Company
London