AMERICAN CABLE NEWS

Hokitika Guardian, 19 February 1927, Page 3

AMERICAN CABLE NEWS

fj)Y TELEGRAPH —PER PRESS ASSOCIATION.]

CANADA’S BUDGET. OTTAWA, Feb. 17

Outstanding points of the Budget are as follows: —Estimated total re\ejU,e, 394 million dollars, representing an increase of twelve millions. .Estimnted expenditure 360 millions repi exenting an increii.se of live millions. Estimated national debt reduction thirty-one millions and income anil other tax reductions twenty-seven millions. Mr Robb announced five and a half per cent loans totalling ninety-two millions maturing in November •'.Uid December next would he redeemed by new flotations at lower rates, thus saving a million dollars interest annually. Tax redactions wero elleotive bv cutting income tax ten per cent all round, sales tax from live to four per cent 'and either reduction or abolishing various stamp -excise taxes. There are no tanlt changes.

IN N [CAR A,GIT A. WASHINGTON. Feb. I<Tho Navv Department decided today to reinforce the marine expeditionary force in Nicaragua . m that 1600 men will he on dut> tlm .

U.S.A. CONGRESS. WASHINGTON, Fob. IS,

Prohahlv the most important piece of legislation since President Coolidgo assumed the Presidency, and one which lias aroused the bitterest controversy, and which is likely to have the deepest political significance, was enacted to-day, when Congress, after a long debate, passed tho MeXaiy-f laagen Agricultural Rill. This measure involves the appropriation of 250 million dollars to assit the agricultural cooperative organisations, through the Federal Farm Board, which will regulate the marketing of surplus products, and which will benefit the producers of maize, wheat, rice, hogs, cattle, cotton and tobacco. An active and forceful agricultural “Bloc” in both Houses, disregarding for the most part the usual Party lines, and employing ruthless tactics to overcome all opposition, forced the measure through. Flic hill, which bears out the prophecy that, the last election meant President Coolidge's loss of control over Congress, has received the strongest condemnation from the President, and it is confidently forecasted that lie will veto it. Congress will make a strong attempt to pass it: over the veto, and political observers presage that it will mean the worst rebuff that, President Coolidgo has yet received, influencing his chances of re-nomination for tiie Presidency in 1928.

Representative Tilson, speaking against the Bill, .summed up the vital argument against the wisdom ot enacting such legislation, which the postponements declare to he necessary for the agriculturists’ welfare at this time of agricultural depression. Mr Tilson said : “This Bill leads in the direction of Sovietism. It means that a particular class of our citizens are to he clothed with tremendous powers over the very means of life itself, affecting the life and the fortunes of the whole pimple.”