INTRODUCTION TO-DAY

Rotorua Morning Post, Volume 1, Issue 203, 20 April 1932, Page 5

INTRODUCTION TO-DAY

(British Official Wireless)

KEEN INTEREST REGARDNG IMPORT -TARIFF PROPOSALS SOME TAX RELIEF LIKELY

RUGBY, Monday. The Budget will be presented in the House of Commons to-morrow, by the Chancellor of the Exchequer, (Mr. Neville Chamberlain). This will be Mr. Chamberlain's first Budget, for although he was Chancellor in 1923 he helcl office for only a few months, and after the general election in that year he was appointed Health Minister. To-morrow's speech is awaited with exceptional interest, and partieularly as the reference to the first recommendations of the Import Duties' Advisory Committee is expeeted to be of considerable importance. The neswpapers anticipate that the recommendations will not be limited to proposals in connection with those goods which come under the Abnormal Importations Act, which will shortly expire and in some quarters jt is believed that measures for the protection of certain branches of the iron and steel industries will be disclosed. In regard to income tax, althongh 110 alteration in the rates is expeeted the newspapers are confident that there will be some modification in personal allowances in relief of the income tax. It is suggested that results achieved at the Lausanne Conference in June and the Ottawa Conference in July, may necessitate the framing of a supplementary Budget.