BRITAIN'S FINANCES

Dominion, Volume 13, Issue 33, 3 November 1919, Page 5

BRITAIN'S FINANCES

DEBATE IN THE HOUSE OF LORDS MOTION TO INCREASE TAXES REJECTED By Telegraph—i'ress Association— Copyright London, October 21). The House of Lords hu.s resumed the Financial .Debate. J.ord Lmniott urged that exports must be increased to a hundred millions monthly, and revenue must cover the post-war expenditure. JJritain had a wonderful opportunity if only (lie people would work energetically to produce wealth. 'file House, by 52 votes to 13, rejected Lord Buckinaster's motion in favour oi increased taxation. Lord Buckmnstor said the 'ievy oil capital must be weighed and re-weighed before it.was adopted, especially as everything depended on the enterprise and .resource of capitalists. Taxation of war profits had been considered, and would be reconsidered — Aiis.-N.Z. Cable Assn.

A TONIC EFFECT ■ MR. OHAMBKRiLAIN'S SPEECH, (lice. November 2, 5.5 p.m.) London, October 30. Mr. Austen Chamberlain's sppech had n tonic effect in Hie House of Commons, and restored confidence m tho financial stability of the country, which tho publication of the revised Estimates had rudely disturbed. The House of Umimons'is delighted at the prospect of haying no new taxation in 1920, which will be wdicome news to the constituencies. Mr. Chamberlain's speech is regarded as a firet-rato oratorical effort, frank, lucid, and compact, bill: Ihe critics of flic Government are puzzl"d to account for the different tone of this speech as compared with the statement lie made in Ail-just.—Aus.-N.Z. Cable Assn.