BRITISH BUDGET.
DUTIES ON LUXURIES. LONDON, April 24. The Daily Telegraph’s Parliamentary correspondent forecasts that the Budget will include import duties on luxury articles and practically a revival *of the McKenna duties, which produced £3,000,000 annually. It is confidently expected that Mr Winston Churchill (Chancellor of the Exchequer) will announce that the Act prohibiting the eiport of gold, which expires at the end of the year, will not be renewed, .and lie may indicate the date on which it is proposed Britain will revert to the gold standard, which Mr McKenna pointed out recently does not mean that gold sovereigns will again be put into circulation.—A. and N.Z. cable. RESTORATION OF STERLING. NEW YORK, April 24. Britain’s plans to restore the sterling to a gold parity basis have the support of American bankers. Her return to the gold standard and Mr Churchill’s Budget speech sent demand bills within six cents of par, the highest since 1915. They reached 481 cents to-day.—A. and N.Z. cable.
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Manawatu Standard, Volume XLV, Issue 122, 27 April 1925, Page 5
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164BRITISH BUDGET. Manawatu Standard, Volume XLV, Issue 122, 27 April 1925, Page 5
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