Further, in the concluding six years of
the century, the Tea importations had further augmented to 21,706,718
lbs., the 91,183 lbs. of 1700 having become a century later upwards of
_twenty-five million pounds_.
In 1784 the Commutation Act passed the Legislature. By its provisions
the East India Company were compelled to make quarterly sales of
Tea, to sell even as low as one penny a pound above prime cost, and
to keep a sufficient quantity for one year’s consumption always on
hand. The same year Mr. Pitt reduced the duty to 12½ per cent., to
which act is ascribed the enormous increase in the trade. Although in
1795 the duty was raised to 20 per cent., still the consumption of
Tea increased. Early in the nineteenth century other fiscal changes
occurred. The Customs’ duty, for example, was fixed at 6 per cent., and
the Excise duty 90 per cent. in value; while in 1819 the former impost
was repealed, and the latter made cent. per cent. However, nothing
that statesmen or financiers could effect seemed to check the growing
fondness of English people of all social grades for their cherished
beverage. Accordingly we find that during the first twenty-seven years
of the present century--a period which completes the third fifty years
of the Tea trade--the average annual consumption amounted to about
_twenty-nine million pounds_.
Since 1827, the intervening half century has witnessed several fiscal
changes in the Tea trade. The first and most important occurred in
1834, when the Excise duty became removed, differential Customs’ duties
were imposed, and the long-existing monopoly of the East India Company
was abolished. In 1835, practically the first year of free trade, the
imports exceeded by 30 per cent. any previous period. The following
year, at the request of the Tea dealers and brokers, the differential
duties were repealed, and a fixed impost of two shillings in the pound
imposed, the result being an increase of importation to the extent of
fifty million pounds. In 1840, a rate of 5 per cent. was charged, thus
raising the duty to 2s. 2¼d. per pound.
[Illustration: DRYING.--A basket frame, wide at both ends and
contracted towards the centre, containing the tea, is placed over hot
embers of charcoal.]
Public-domain text, read in full here on John Shaqi.
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