BRITISH POLITICS.

Hokitika Guardian, 17 April 1923, Page 3

BRITISH POLITICS.

LATEST CABLE NEWS

ACSTKALTAN ANI) N.Z. CABLE ASSOCIATION. WIDESPREAD PREDK TIONS. NO INTENTION OF It FT THING. LONDON. April Id. Tl, c last week’s incident.- in the Commons coupled with Mr Uonat low s. health are inspiring widespread predictions of the imminence of Mr Lunar Law's retirement front Downing St. However, it is officially stated Mr lionar low’s has no intention of resigning. BON All LAW'S HEALTH. SOLID GROUNDS UGH REPORTS. LONDON. April Id. Despite oftieial denial, the "Daily Telegraph's" lobbyist -ays that unfortunately there are solid grounds for the reperts that Mr Dollar Law iseriottslv considering his retirement when the favourable moment arrives. The sole reason is that he fears his health will not stand the strain, much longer. DESK* NAT 1 0 X K( >P.EC A STK I > . LONDON. April Hi. Various papers, despite official denials. report that Mr Dollar Law is likely to resign the Prime Ministership. The ‘‘Daily Express” attributes rumour- in connect, ion with Mr Donai Law's resignation to a political plot. It savs that it is noteworthy that the “Observer's" editor. Mr Garvin, i- a great friend of Lord Hit kenbead, while Lord Riddell, owner of the "News ol llie World” is the friend of Mr Lloyd George. Lord Riddell tin- Loid ( uizmi. unot I lei -irk man, to .succeed Mr Dollar Law, a bile it suggests Mr Sianlev Baldwin (Chancellor ol the Exchequer) will he rewarded with the leadership of the llott-e ol Commons. The "Daily Expres-” adds: —“Mr Chamberlain and his Iriends must understand that the Conservative Parly will not admit them to office again, unless they return as loyal Conservatives, and not as half-hearted Coalitionists. THE BRITISH BUDGET. (Received this day at 8. Ml) a.m.) LONDON, April Hi. In introducing the Budget in the Commons Mr Baldwin (Uhancellor ol the Exchequer) said the financial year had got steadily better as it proceeded. Unemployment though still grievous, had decreased. Their surplus of one hundred and one millions had gone to the reduction of the debt. Their would he plenty of debt for their grand children to deal with when their time came. The eu-toms and excise showed a surplus ol seven millions over the estimate. Inland revenue yielded L'3(booi>,ooo over the estimate. The surplus for the year arose from the host of all possible causes, a reduction ol expenditure. which was ninety-seven millions less than the estimate.

TAXATION TO 111*: REDUCED. (Received thi-. day at l-Li) p.m.' T.ON DON. -April Hi. The Budget estimates for the ensuing year shows an expected surplus of A'TIi.OCfLOOO. Income tax "ill he reduced by sixpence, a penny per pint taken oil beer, a considerable reduction made in the po-lage rales, sixpence taken off the corporation profits tax alter tho 13th. June.