FINANCE BILL.

Dominion, Volume 5, Issue 1498, 22 July 1912, Page 5

FINANCE BILL.

THE DISQUIET IN LONDON, CHANCELLOR'S ATTITUDE CRITICISED. By Telegraph—Press Association—Copyright London, July 19. In the House of Commons the Finnnco Bill was read a second time by 2G9 to 221. Tho Chancellor of tho Exchequer (Sir. Lloyd-George) defended ids policy speech. Ho' refuted tho suggestion that Consols and other gilt-edged securities had depreciated owing to Radical finance. Tho Leader of tho tho Opposition (Mr. Bonav Law) attributed tho disquiet in the city in the Chancellor's speeches nd-. vising talcing from the rich in order to give to the poor. Several newspapers criticise Mr. LloydGeorge's expression yesterday, that one reason for the depreciation in British securities was a conspiracy to run them down. This had been operating for years on platforms and in the press, mid when there existed an organised attempt to decry and disparage securities tho result must aifect the market. "Tho Times" ridicules the motion, and adds: "Mr, Lloyd-Georgo is the first Chancellor who has never shown a disposition to consult financial men in the city or elsewhere who understand tho broad aspects of finance. Ho has adopted an attitude of antagonism, and has disdained their co-operation, trusting in. his headstrong ignorance."