Commutation Act

The Commutation Act of 1784, enacted by the British Parliament, reduced the tax on tea from 119% to 12.5%, effectively ending the smuggling trade. William Pitt the Younger, acting on the advice of Richard Twining of the Twinings Tea Company, introduced the act to increase revenues through legitimate sales of tea by ending 100 years of punitive tea taxes which promoted smuggling.

The act was created to stimulate trade in China for the British East India Company, which at the time was suffering from mounting debts. Indian opium was exchanged for tea in China which was then shipped to Britain for sale on the domestic market.

The Commutation Act improved trade relations between Britain and one of its primary tea suppliers, China.

This article related to the history of the United Kingdom or its predecessor states is a stub. You can help Wikipedia by expanding it.v · Categories: Acts of the Parliament of Great Britain History of tea Smuggling 1784 in Great Britain Great Britain Acts of Parliament 1784 Taxation in the United Kingdom United Kingdom history stubs Wikimedia Foundation. 2010. Игры ⚽ Нужен реферат? James Wong Howe Compton Castle Look at other dictionaries: Tithe Commutation Act 1836 — The Tithe Commutation Act of 1836 (6 7 Will. IV, c.71) was an Act of the Parliament of the United Kingdom with the long title An Act for the Commutation of Tithes in England and Wales . It replaced the ancient system of payment of tithes in kind… …   Wikipedia commutation — com‧mu‧ta‧tion [ˌkɒmjˈteɪʆn ǁ ˌkɑː ] noun [countable] INSURANCE a single large payment instead of a series of future payments: • The assets of the insurer will be used to make a single, final payment, called a commutation, to policyholders. * * …   Financial and business terms Commutation — Com mu*ta tion, n. [L. commutatio: cf. F. commutation.] 1. A passing from one state to another; change; alteration; mutation. [R.] [1913 Webster] So great is the commutation that the soul then hated only that which now only it loves. South. [1913 …   The Collaborative International Dictionary of English Commutation of tithes — Commutation Com mu*ta tion, n. [L. commutatio: cf. F. commutation.] 1. A passing from one state to another; change; alteration; mutation. [R.] [1913 Webster] So great is the commutation that the soul then hated only that which now only it loves.… …   The Collaborative International Dictionary of English Commutation ticket — Commutation Com mu*ta tion, n. [L. commutatio: cf. F. commutation.] 1. A passing from one state to another; change; alteration; mutation. [R.] [1913 Webster] So great is the commutation that the soul then hated only that which now only it loves.… …   The Collaborative International Dictionary of English commutation — index clemency, compensation, compromise, exchange, immunity, mutuality, replacement, subrogation Burton …   Law dictionary Commutation of sentence — involves the reduction of legal penalties, especially in terms of imprisonment. Unlike a pardon, a commutation does not nullify the conviction and is often conditional. Clemency is a similar term, meaning the lessening of the penalty of the crime …   Wikipedia Commutation ticket — Com mu*ta tion tick et A ticket for transportation at a reduced rate in consideration of some special circumstance, as increase of travel; specif., a ticket for a certain number of, or for daily, trips between neighboring places at a reduced rate …   The Collaborative International Dictionary of English commutation — [käm΄yə tā′shən] n. [ME & OFr commutacion < L commutatio, a changing < commutatus, pp. of commutare,COMMUTE] 1. an exchange; substitution 2. a) the substitution of one kind of payment for another b) the payment made ☆ 3. the act of… …   English World dictionary commutation — /kom yeuh tay sheuhn/, n. 1. the act of substituting one thing for another; substitution; exchange. 2. the changing of a prison sentence or other penalty to another less severe. 3. the act of commuting, as to and from a place of work. 4. the… …   Universalium 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”