The British Budget.
The Budget was delivered by Mr Goschen to the smallest House known for the past twenty years. He announced that the amount required to restore the light-weight sovereigns had not been exceeded. The imports of tobacco, tea, and dried fruits had increased, while those of aloohol had decseased. The estimates of expenditure for the past three years had aggregated £244,000, 000 while the actual difference in the amount expended had been only £187,000.
He stated that the surplus last year was £1,067,000. Death dues, owing to the ravages of influenza, were £689,000 above the estimate, but the stamp duties fell £400,000 below the estimate. He set down the expenditure for the next year at £90,258,000 and the revenue at £90,477,000. There would consequently be no remission of taxation
except a small reduction in patenj^% fees, and the present dual tax on sparkling wines would be replaced by a uniform duty of 2s. Looking to the future, he was of opinion that the situation called for caution but not for alarm. He had felt it necessary to reduce the estimated receipts from the income tax £470,000 below the amount collected last year. \
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Manawatu Herald, 16 April 1892, Page 2
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194The British Budget. Manawatu Herald, 16 April 1892, Page 2
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