BRITISH BUDGET

Hokitika Guardian, 26 April 1933, Page 6

BRITISH BUDGET

F.XAXCTAL LEAD MAINTAINED

i United Press Association—By- Electric

Tei-graph —Copyright.)

(Deceived .this day at 2.10, p.in,)

LOaDQN, April. 25

The House cheered the delivery of the Budget which, if not spectacular, was certainly a definite testimony ol" tne nation’s firmly successful struggle to maintain preeminence jn finaiwial stability..

i iic Unbie.s accepted tbe Budget as more or less inevitable, though sJuie of the younger members were disappointed at tlie ref us'. I not to balance the Budget ,and retime the income tax. The most impressive part of Mr Neviil t , Chamberlain's speech was when he reluctantly demolished, as impractic-

■ jis, tn,* io,a of budgeting for three years, and instantly putting a- sh.oing off income tax for the psychological effect o.i th e country’s spirit, .even at risk of unbalancing the Budget and gambling On trade .recovery, which is now -at a stage of materialising. “But w’hat if the psychoogicaf response is. not what was expedited, and conlidencq, faltered, and even withered before the balance of the Budget is m.taml ?•’ h<vAsked./