BRITISH TAX YIELDS.

Dominion, Volume 3, Issue 646, 25 October 1909, Page 7

BRITISH TAX YIELDS.

. « REVISED ESTIMATE. A BIG FALL IN SPIRIT DUTY. A NET DEFICIT MET FROM SINKING FUND. -.;■ - (Hi TclecroDh.-Prcß., AMnrfaMnri.-Oooyrlcht.! t . (Rcc. October 21, 5.5 p.m.)'' '',".. \ London, October 23. f In the House of Commons'tho Chancellor of the Exchequer, Mr. Lloyd-George, announced his revised ostimato of the yield of the now Budget taxes. It showed decreases and! amounts to be allowed-for totalling .£2,100,000, :- and', on tho other hand; increases amounting to' r- i!l,850,OOO, leaving' a net deficit on tho original ;-■ estimate of' £250,000, which will bo mot by' taking a.further 1 half million from the- iiniing' fuhd of the National; Debt.'"' '. '. Tho items on the decrease eido mating lip' tho JJ2,i66,000 nro.as under:— ■'';'.' ■■':'■ Concessions in income tax- \ 300,000 i- : Concessions in licenses ............... 500,000 e Decrease of spirit duties ..' 800,000 i- Extra cost of land.valuation ...... 200,000 ' Local authorities' sharo of .the tax e ■■■■' on- land-increment ......;.,... 800,000 s 'Total .....................:....... .2,100,000 Tho items on the increase side making up' the .£1,850,000 are as under;- -, ~' ■ ■'■•"•-■ '."...•'■ ■'■ ■'.:£'■ r 'Increased yield of death duties... 1,300,000 o Increased yield of stamps ........1... 250,000 Increased vield of post office 200,000 ■•' ■ Yiold of land taxes, 100,000 . '.'■:•' Total .....:......'.... :......! 1,850,000 r Net deficit,. £250,000. •-'!■"" 0 Mr. Lloyd-George attributed the increase in '" the yeveniiec from stamps to a-hponi on the' r Stock' Exchange. He' declared 1 that all tlie s taxes were doing 'well except that on whisky,; i- which-in some districts' .had decreased. 30 . per s cent. Distillers had greatly reduced their re- £ serve stocks'owing-to mhcertairity as to tho u Budget prospects.; ;, . ,r: Mr.. Austen Chamberlain (who was Chanccln lor of the Exchequer in the":last Unionist. Gov-' J| eminent) said the diminution in the whisky! duties had proved that the Chancellor was too' i,- greed j\ .He asked whether the Supplementary! J Estimates included! the'iribney" for the" four ex-: trn Dreadnoughts (which, according' to a Teccnt cablegram,:are.to.be laid down in Jariu- : . ary, instead of, as originally' suggested in the] ■'.. Budget, in April, i.e., the.next financial year.).' Ho denied that there had been a boom oii.tho Slock Exchange. . ' - i.,;i ; ' j- f'NOT A PENNY! PROI-IT." W o , EARL OF PEMBROKE'S-WILTSHIRE - ; - '"- ''■■■; : LAND.-'-v"! "•'.'. . (Roc. October 24, 5.5 p'm,)' ... .':'".,'' -■ London, October 23. ■ Addressing a meeting.held under tho aus-' pices' of the .Budget Protest'Leaguo at Sal'is-' bury, Wiltshire, the: Earl of' Pembroke declared that he never made a ; penny profiS out of his 1 . 40,000' acres estate in Wiltshire..,';fiiad lie had the value, of. the estate in . consols' ho would , have been a rich ma'ri; ■■'■■.' . .The Earl added:.! "The Government has l . singled, out landlords ■ for special' taxation,- be cause they opposed Liberal' politics." !. . V LESS WHISrCY 'REVENUE. ! : " '' T i l ? v d « l ' no ' i n'the.Mtsnjnntion of "whisky' p sad tho conseqiicntproduco.of the spirit tax,--e even though, it Was increased bv tho Budget- * was (says a London .paper) • still- marked in' | August,' lis'the following official figures' of the' it amount of spirit duty, paid since the Budget' !r show: —. . „.-; 1900.■"■,*■ 1908. ! Decrease.' 1,.™??. ••-• -• JCl.&lO.COO .£1,U9,000' J; J«no ' ••■ 7K.000 "' l',fl)9,000 .: 693,000' '' -{nly ■!':.'.•. 1,170,000 -1,507,000- s 427,000' *"> August 1,263,000* 1,477.000 '/214,000' i". Total. Xfi,l23,'fl'o6 .€2,-183,000' ',_■ _The' great'-'VkclinO:" of May' and J'nne'-'Vfhs ' of course dne to tho amount of spirit taken ; -. out of bond iri anticipation of the Budget. f It is''r'em'arkabld-.'th'df:.'tho .revenue from' j, beer,was 'lcss.ro.' An^tistVth'an' in : A-iv?u'st,, 1908, ~ though in th«' curlier -three', montlis it .was j', higher than" last year. The' following is tho' . duty paid on 1 beer:—': : v"- - - . . o. ..' '190!). . .'.' 1908. " "Afft'y ;.;:-il,(isß'OoO'''jei,osS.oOo'--liic. : £2M . Jun6' ;... •1,038,000* '■ 1,084,000 :ino'.-' 4,000 July ~. I'.IiW.OOO 1,110,000 Inc. .^OOO : August, ~..,;. 1,130,000. : Dec. 127,000 Total .'.. i4;«l,oop xi,*)ia(,upo 'Dec/ill^OW