London.

Manawatu Herald, 21 April 1896, Page 2

London.

Sir Michael Hicks-Beach, Chancellor of the Exchequer, has de livered his Budget speech in the House of Commons. The Budget discloses no fresh taxation proposals. The surplus is to be expended on education and in the relief oi agriculturists. The Rev. Mr Napp, the American missionary who was expelled from Diarbekr, has arrived at Aleppo. In the debate in the House of Commons on the Education Bill, introduced by Sir John Gorsfc, Vice President of the Committee of Council on Education, Mr Acland, M.P. for Eotterham, strongly condemned the proposal to give the County Councils the control of the schools. The result would be, he said, to cripple the School Boards and injure the cause of education. He also complained that the Bill did not provide for the management of voluntary gchools. The ordinary stock of Guinness Company is quoted at £540. The shares rose £30 in one day. The Chancellor of the Exchequer, said they had had a wonderful year. The receipts showed a total of £101,074,000, and the expenditure amounted to £97,764,000. The surplus in hand was the largest for 50 years. The National Debt has been reduced by £8,000,---000. He estimated the revenue for the next year at £101,755,000, and the expenditure at £100,047,000. The whole of the present year's surplus, he added, would be devoted to the Navy. New Zealand frozen meat is unchanged. The New Zealand hemp market is quiet. Seventy bales sold at £15 10s per ton. The butter market is flat—colonial nominally, 883 to 925; Danish, unchanged.