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ONE-SIDED FREE TRADE.
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We thus see that while the material condition of our population has steadily improved, their moral and intellectual condition has also advanced in a remarkable degree.

One of the signs of improvement is in the matter of thrift. Take the Savings' Bank figures:—

5.—Thrift.

In 1841 the deposits were ... ... ... £ 24,474,689
1851 ... ... ...   30,277,654
1861 ... ... ...   41,546,475
1871 ... ... ...   55,844,667
1879 ... ... ...   75,809,994
1880 ... ... ...   77,721,084

6.—Bankruptcy.

In 1879 the insolvencies were in number 13,132, and in amount £29,678,000.

In 1880 the insolvencies were in number 10,298, and in amount £16,188,000.


7. Taxation.

Year.   Population.   Amount Raised.   Per Head.
1865 ... 29,861,908 ... £ 70,313,436 ... £ 2 7 1
1870 ... 31,205,444 ...   75,434,252 ...   2 8 4
1875 ... 32,749,167 ...   74,921,873 ...   2 5 9
1878 ... 33,799,386 ...   79,763,298 ...   2 7 2
1880 ... 34,468,552 ...   81,265,055 ...   2 7 1
1881 ... 34,788,814 ...   84,041,288 ...   2 8 4

INCOME TAX.

1869 Gross value| of property and profits assessed £ 434,804,000
1874   543,026,000
1879   578,046,000


8.—National Debt.

In 1870 this was ... ... ... ... £ 797,943,660
1874 ... ... ... ...   776,107,783
1880 ... ... ... ...   774,044,235
1851 ... ... ... ...   768,703,692

Let us now take Banking and the Clearing House returns:—

9.—Banking.

June, 1880, Deposits at principal London Banks and Discount Companies £ 105,000,000
June, 1881   118,500,000