With the amount of duty on tea twice as high in 1850 as in 1833, how is it that tea may be universally bought at one half of the price of 1833? How is it that an article which yields five millions of revenue has become so cheap that it is now scarcely a luxury? Before we answer this, let us explain why we say that the duty is twice as high now as in 1833. Before the opening of the China trade tea was taxed under the Excise at an ad-valorem duty of ninety-six per cent. on one sort, and one hundred per cent. on another, which gave an average of about half-a-crown a pound. Those who resisted the destruction of the Company’s monopoly predicted that the supply would fall off under the open trade; that the Chinese would not deal with private merchants; that the market for tea in China was a limited one; that tea would become scarcer and dearer. The Government knew better than this. It repealed the Excise duty with all its cumbrous machinery of permits; and it imposed a Customs’ duty _at per pound_, which exists now, as it did in 1836, with the addition of five per cent. Had the duty of 1833 been continued,—the hundred per cent duty—the great bulk of tea, which is sold at an average of a shilling a pound would have been only taxed a shilling a pound; it is now taxed 2_s._ 2¼_d._ By a side-wind, the Government, with what some persons may call financial foresight, doubled the tax upon the humbler consumers. But it may be fairly questioned whether, if the tax of 1833 had continued, the Government would not have secured as much revenue by the poor doubling their consumption of tea. The demand for no article of general use is so fluctuating as that for tea. In seasons of prosperity, the consumption rises several millions of pounds above the average; in times of depression it falls as much below. Tea is the barometer of the poor man’s command of something more than bread. With a tax of 2_s._ 2¼_d._ a pound, it is clear that if sound commercial principles, improved navigation, wholesale competition, and moderate retail profits, had not found their way into the tea-trade, since the abolition of the monopoly in 1833, the revenue upon tea would have been stationary, instead of having increased a million and a half. All the manifold causes that produce commercial cheapness in general—science, careful employment of capital in profitable exchange, certainty and rapidity of communication, extension of the market—have been especially working to make tea cheap. Tea is more and more becoming a necessary of life to all classes. Tea was denounced first as a poison, and then as an extravagance. Cobbett was furious against it. An Edinburgh Reviewer of 1823, keeps no terms with its use by the poor: ‘We venture to assert, that when a labourer fancies himself refreshed with a mess of this stuff, sweetened by the coarsest black sugar, and with azure blue milk, it is only the warmth of the water that soothes him for the moment;