Hand-coloured. The BM description for its copy reads as follows: '[Charles James] Fox, in a diver's dress which leaves his face and hands bare, stands on the bed of the ocean, speaking, through a tube inscribed 'Haul up', to his assistants in a boat; these haul on a pulley attached to the mast of the boat, but cut off by the upper margin. Fox has fastened the rope to a chest inscribed '10 Per Cent'; this, with an anchor inscribed 'Pig Iron' and three barrels, one inscribed 'Beer Tax', lies on the ocean bed. He turns his back on the dead body of John Bull, lying on his back, beside the wrecked hull of the 'Constitution Cutter - John Bull commander (whose cargo he is seizing); only the top of the mast projects above the surface of the 'Ocean of Taxation'; on this a carrion bird perches, another flies towards it. The boat from which Fox has descended is 'The Experiment'; in it are salvaged money-bags inscribed '10 Pr Cent'; its crew are (l. to r.), Windham (?), Sheridan, Erskine, and Petty. ' It is presumably a satire on the 'Ministry of all the Talents' attitude to taxation including Income Tax (which they had vilified when Pitt had introduced it), after elements of the radical Whigs, of which Fox was leader, had at last come into power as part of an alliance with Grenville in January 1806 - though Fox was its Foreign Secretary, not Chancellor and rapidly declining in health: he died in August 1806. [Published 31 May 1806].