TAXATION OF SILVER PLATE
At a meeting of the Goldsmiths' and Silversmith's Free Trade Association, held at 12, Pall Mall East, on the 2nd inst., the chairman, Mr. Edwd. J. Watherston, said that although it was scarcely probable that the Government would be able to deal with the question of hall-marking in the next session of Parliament, owing to arrears of public business, it was his firm belief that next year would see the last of the impolitic taxation on gold and silver plate. Nothing could be more unreasonable, in the face of the depreciation in the price of silver, and the fall in the value of the Indian rupee, than to tax the raw material, thus limiting its consumption for manufacturing purposes. The tax upon silver plate was always a most impolitic tax, but it was ten-fold more impolitic when silver had become a drug in the market, and when skilled silversmiths were being forced to emigrate by reason of the limited trade in this country. Mr. Gorham Thurber, of the great American silver-smith's firm, of Providence, Rhode Island, had lately been over, and had secured thirty of the best workmen in England. The fact was that the silver trade in this country had been taxed almost out of existence.
Source: Monmouthshire Merlin and South Wales Advertiser - 11th November 1881