FORECAST OF CUTS

Rotorua Morning Post, Volume 1, Issue 16, 11 September 1931, Page 3

FORECAST OF CUTS

Press Association —

-"Post" Special Service.

RIGID TEST FOR UNEMPLOYED BENEFITS BAN ON LUXURY IMPORTS

-Copyright.

By Telephone-

LONDON, Thursday. The Chancellor of the Exchequer, Mr Philip Snowden, will rise to deliver the Emergency "Axe and Tea" Budget at 3.30 p.m. He will speak for one hour and the Budget resolubions rnust be carried the same night, but an opportunity for full debate ovill be given next week. • The "Daily Express" forecasts 'that the biggest surprise in the debate will be Mr Walter Runciman's proposal for the prohibition of luxury imports that were banned in 1916. This will relieve tho adverse trade balance of £20,000.000. The "Daily Herald" says that the economies in the unemployed fund, in addition to a percentage of reduction of benefits, will include the application of a rigid "needs test" to half a million who have been unemployed for six months. Any further relief coming to them will come from che rates. The "Herald" adds: — "If the contemplated 15 per cent cut is made in teachers' salaries, there will be 60,000 throughout the country receiving less than £3 weekly. The "Daily Mail" said that Sir Robert Horne estimates the adverse trade balance at £75,000,000, the prospect of which is causing anxiety.