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Government. A brief Statement of the budgets of ten years will prove whether the so called Liberals have any more claim to a speciality for Retrenchment than they have for Reform.

Expenditure of the Country.
1857-58  £70,527,501 6 7 Palmerston and Lewis.
1858-59 64,709,420  10  10 Derby and Disraeli.
1859-60 69,619,266 9 1 Palmerston and Gladstone.
1860-61 72,964,536 4 1 Palmerston and Gladstone.
1861-62 72,223,627 8 10 Palmerston and Gladstone.
(New Series.)
1862-63 £67,810,987 11 10 Palmerston and Gladstone.
1863-64 67,883,404 18 4 Palmerston and Gladstone.
1864-65 66,508,265 4 10 Palmerston and Gladstone.
1865-66 67,434,769 18 1 Russell and Gladstone.

Thus showing the Liberals have expended in excess of the Derby administration in the last seven years an average of upwards of 4,000,000l. a year.

Income Tax.
1857-58   7d.    Palmerston and Lewis.
1858-59; 5d. Derby and Disraeli.
1859-60; 9d. Palmerston and Gladstone.
1860-61; 10d. Palmerston and Gladstone.
1861-62; 9d. Palmerston and Gladstone.
1862-63; 9d Palmerston and Gladstone.
1863-64; 7d.d Palmerston and Gladstone.
1864-65; 6d.d Palmerston and Gladstone.

Thus showing the Liberals raised from the income tax, in excess of the Derby administration, in the last six years, 26,000,000l., or upwards of 4,000,000l. per annum.

Lord Derby left the income tax at 5d.; Mr. Gladstone raised it to 10d.!