Note 175 — JOURNAL OF ELIZABETH LADY HOLLAND (continued 3)

This was Pitt’s proposal to treble for a year the Assessed Taxes payable on houses, windows, carriages, horses, &c. By this means he proposed to provide the necessary funds for the year without increasing the national debt; and by a system of graduation he considered that the tax would only fall on those who could reasonably afford to contribute towards the revenues of the country. The tax, in effect, did not nearly approach the figure Pitt estimated it would produce.