WITHSTANDS SEVEREST ASSAULTS

Marlborough Express, Volume L, Issue 82, 6 April 1916, Page 5

WITHSTANDS SEVEREST ASSAULTS

THE WAR BUDGET

£300,000,000 EXTRA TAXATION

YEARLY

VIOLENT BATTLES ROUND VEiQUN

DiSORDEfIY GERMAN RETtgAT

NEAR DOUAUBIONT

INFANW WAVES HSJRLEi BACK

$RUTALiUT FUIILE ENEMY TACTICS

FAVOBABUE RUSSIAN REPORTS

BRITISH PARLIAMENT.

i THE LATEST BUDGET

&R MoKENNA'S STATEMENT.

ADDITIONAL' TAXATION.

A MARGIN FGftl^EAe-E TIME.

\.; [PitBBS ABSOOIAXION.3 (Received, Arail 5, 4.10 p.m.) LONDON, April 4. Mr McKenna, continuing his statement in the House of 'Commons, said that there would be an additional halfpenny in the pound <dtity< on sugar, .yielding £7,000,000. Cocoa, coffee, and chicory would be 'increased to sixpence per pound, producing £2,000,000; matches to 3s 6d in the Customs, with 3s 4£d Excise on every 10,000 matches, and minera.l -waters to fourpence per gallon, yield--;ing £2,000,000. It was proposed to < double the present duty on motor- ' cars up to 18 horse-power and treble •on higher powered cars. Motor-cycles not exceeding '4 horse-power would ;.pay two guineas, tind "higher. powered cycles three-quarters of the dutj' on motor-cars. The motor duties would £800,000. 'Tlie excess profit tals: woxilci be increased to 60 per cent. Summing up, Mr McKenna calculated that by '-MaTch of 1917 ;they would require to meet in an ordinary .yeai -£38S r OOO,OOO. Our permanent : revenue was £423,0d0,000, leaving a isiirplus, after anotlier year,of war, of deS^OOO.OOO. When peace came they 'would have a margin for remission of taxation. Civic courage was as imipurtnji't as military courage. We ought .'jiisiiy to claim that we would not be vfound wanting in these great virtues.