THE BUDGET.

Dominion, Volume 2, Issue 529, 9 June 1909, Page 7

THE BUDGET.

UNIONISTS MOVE ITS REJECTION. "CONFISCATION." LABOUR PARTY THE REAL AUTHORS.: (or TELroßirn—riisss absolution—corrmoßT.J (Rcc. Juno 9, 1,5 a,m.) London, Jtmc 8. In the House of Com moos Mr. Außten Chamberlain (formerly Unionist Chancellor of tho Exchequer) movod tho rejection of the Budget. Mr. Chamberlain maintained that tho Government was forging a weapon of oppressive confiscation. Tho real authors of tho Budget were Mr. Snowden and tMb Labour party. If tho Budget was a triumph for Free-trade and tbo death-blow of fiscal reform, lot tho electors decide. ' : The Right Hon. Ales. Ure, Lord Advocate for Scotland, scoiTod at tho idea of capital taking wings and flying away. Ho vigorously defended tho land clauses of tho Budget, l'h'o debate was adjourned. SUMMARY OF TAXES. . The' new taxes imposed by Mr. Lloyd-George in his Budget on Thursday ato: Increased tax on motor-cars according ■ to horse-power. Tax of 3d, a gallon on petrol for motor-cars. lucreascd tax of 2d. on incomes over .£3OOO. with super-tax of 6d. after .€SOOO on the amount abovo' JE3OOO. V Abatement ot <£10 por child under sixteen on incomes under ,£SOO. , Increased estate and legaoy duties. Increased Etamp duties. • ' Inoreased license duties. Tax of 3d. in the pound on liquor sold in clubg. . . New scale of increased duties on-brewers and distillers. Tax of 20 per cent, (not retrospective) of tho future • unearned increment of land (i.e., the increase in v-aluo owing to the growth of a city or to public enterprise). Valuation to be taken at once. . j W' *. n P° on mineral royalties, lax of ia;vin the pound on capital value of undeveloped land and ungottcn minerals.Ten per cent reversion duty on benefit accruing from lessor's termination of a lease. • Increase of 3s. 9<l. a gallon on spirits, about 7£d. a bottle, or id. a small glass. Increase .of Bd. a lb. on unmanufactured tobacco, or an'oz., with corresponding increase on cigars and cigarettes. ;