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Updated: May 12, 2025
Under our ad valorem system such preferences are to some extent inevitable, and complaints have often been made that the spirit of this provision has been violated by a lower appraisement of the same articles at one port than at another. An impression strangely enough prevails to some extent that specific duties are necessarily protective duties. Nothing can be more fallacious.
I almost hesitate before adding that there are no taxes in Bermuda beyond a 10 per cent. ad valorem duty on everything imported into the islands except foodstuffs; for the housing accommodation is already rather overstrained, and should this fact become generally known, I apprehend that there would be such an influx into Bermuda from the United Kingdom of persons desirous of escaping from our present crushing burden of taxation, that the many caves of the archipelago would all have to be fitted up as lodging-houses.
Smith," said the reporter of the Mariposa Newspacket, "we'd like to get your views of the effect of the proposed reduction of the differential duties." "By gosh, Pete," said Mr. Smith, "you can search me. Have a cigar." "What do you think, Mr. Smith, would be the result of lowering the ad valorem British preference and admitting American goods at a reciprocal rate?"
Another question, wholly independent of protection, presents itself, and that is, whether the duties levied should be upon the value of the article at the place of shipment, or, where it is practicable, a specific duty, graduated according to quantity, as ascertained by weight or measure. All our duties are at present ad valorem.
If gentlemen are apprehensive of oppression from the weight of the tax, let them make an estimate of its proportion, and they will find that it very little exceeds five per cent, ad valorem, so that they will gain very little by having them thrown into that mass of articles, whilst by selecting them in the manner proposed, we shall fulfil the prevailing expectation of our fellow citizens, and perform our duty in executing the purposes of the constitution.
Conversely, a rate only adequate to equalize this difference on cheaper goods would remove protection from the fine-goods manufacture, the increase in which has been one of the striking features of the trade's development in recent years. I therefore recommend that in any revision the importance of a graduated scale of ad valorem duties on cloths be carefully considered and applied.
For this extensive and important operation, he was to receive 20,000 florins a month from the general exchequer; and in addition he was to be allowed the brandschatz the black-mail, that is to say of the whole country-side, and the taxation upon all vessels going up and down the river before Rheinberg; an ad valorem duty, in short, upon all river-merchandise, assessed and collected in summary fashion.
BOUDINOT observed, that he was well informed that the tax or duty of ten dollars was provided, instead of the five per cent ad valorem, and was so expressly understood by all parties in the Convention; that therefore it was the interest and duty of Congress to impose this tax, or it would not be doing justice to the States, or equalizing the duties throughout the Union.
Another question, wholly independent of protection, presents itself, and that is, whether the duties levied should be upon the value of the article at the place of shipment, or, where it is practicable, a specific duty, graduated according to quantity, as ascertained by weight or measure. All our duties are at present ad valorem.
Of late years, a considerable amount of American specie has found its way into the settlement, probably in exchange for furs clandestinely disposed of by the merchants beyond the line. The petty merchants import their goods from England by the Company's ships; an ad valorem duty is imposed on these goods, the proceeds of which are applied to the payment of the constabulary force of the colony.
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