Great Britain

Stratford Evening Post, Volume XXVIII, Issue 20, 22 September 1915, Page 5

Great Britain

A MEMORABLE SCENE. /■>. tril ■ • •>- M * - . f; i, y )l\ . •> ' . ,‘"i I•, t ) • . ‘ - V.: '■ A VIEW OF THE COMMONS. AWAITING THE CHANCELLOR.*i i ,t -■ H <■- ■ -i'. i ■ U- i **.r 'i 1 [United Press ’'Association.] > i 1 : 1 ; 12.3d.p-'m-j *' ‘ “ * London, September 21. matiste Iqpked .f^m pective 4 gal7ei^ 1( ; upon animated scene. Everywhere there were .Much . . coats .and white waistcoats,, dotted with bald heads, and sprinkled with V Khaki/.uniforms. Well-dressed, women were espied behind the grille in t e ladies’ gallery, hut it might have been a harem, as not one face was distinguishable.' The front betid, strange cpmpb'iind 4f all *6HV‘bt P^* 1 ; ticians, 1 R&dfttUs arifd T»« hlSiflg sid^ by the mr-Hoh/Sir Alfred. M. Mond (Liberal member for Swansea) in close coalition with Sir Hany ; C. -inehiber ‘• tor' h :><■* <l/ , CHANCELLOR'S SPEECH. DENTED BURDENS. APPROACHING five millions daily expenditure. (Received 11 a.m.) London, September 2L Mr McKenna (Chancellor of Exchequer) asked' the House to assent to great unprecedented burdens. He estimated the revenue on the existing basis at 272 millions and the expenditure at 1590 millions. He was sure the country would courageously and confidently ” face the outlay. Every * section must contribute and make great sacrifices. He estimated that at the -end of this year the dead weight of th© debt would be 2200 millions. This, would in nowise cripple our resources. We .had a Navy costing 190 millions and ah Army costing 715 millions, with extenal advances amounting to 423 millions. He estimated the daily rate of expenditure for all services from now to the end of the financial year at upwards of 41- millions, that amount possibly rising towards the close of the financial year to upwards of five millions.

TALKING IN MILLIONS. (Received 10.80 a.m.) London, September 21. Mr McKenna stated that the expenditure for the current year included thirty-six millions on Pre-and-Post-Moratorium Bills and 170 millions on ordinary national services, excluding the Army and Navy. There was no record of any Nation voluntary accepting liabilities hearing so high a proportion to th© total, income vvherefor provision must ho made within a single year. With regard to the new taxation, Loth the strict free trader and the scientific tariff reformer must temporarily put their fiscal theories aside, look at the condition of. foreign exchanges, discourage imports, and also have a strict guard on the necessity of reducing the consumption. Besides the increase of the income tax, improved machinery will be considered for assisting employees and special relief for reduced incomes.

IN THE ' HOUSE OF COMMONS. ‘ , tjf i 4 (Received 9 a.m.) ~ -• ) Vj;rj jo , K ] o n < September 21. Mr McKenna (Chancellor of the Exchequer) adds a forty per- cent, increase oAMfe&iicbrite Taxu . i Mr Tennant, in reply to Mr Wedgewood, said the -supplr'~ of ." grenadethrowers arid trench mortars »» «°«JO weeks exceeded tieneral ' .Hariultori s demands, Init there had been instances whore ithq | jnor,tars. werq. befoiy , the nnmbor>ireq u h‘Bfiil' ■>' ■ I' •• .<Mf*> !■ ■t ’ ■ ' , < !!.)• i I l ’ 1 l! f jj THE REVISED fAXATIpN/:, j 'f ■; itip;■! : 9o.;*»vs) "li.i'i .''.'S! ■> ;. i >p- f *’« *. .PROPOSED SUPER-TAX. (Received '11.20 a.m.) , London, September 21. Mr McKenna continuing, said the forty per cent increase would be for the full year, making twenty per cent, feinthe* remaining six months, i .The Exemption limit*; would be reduced trt> say, £l3O and bn abatemerit* to. £l2O. Thle tax would be payable half-year-iv.j 'The changes in'thq incmpo tax !pould yield an 1 increase of realising in tllp H<t proposed a tax', ( on yvar profits'.and’alfO to raise a surtax on the following scale: A man without children , earning 60s weekly, to pay 18s lid quarterlya man similarly* circumstanced earning 80s weekly, to pay 46s 2d quarterly; a man with £SOOO a year to pay £1029; a man with £IO,OOO to pay £2529; a man over £IO,OOO, 7s in the £, and all excess over £10,000; the possessor of £IOO,OOO a year, to pay £34,029.

particulars of the increa- ■ ■ '■ SES. n> n A'iy Loudon, September 21. Continuing, Mr McKenna said the revenue from excess war profits was estimated at thirty millions for tuo full year,- but only six millions was collected before March 31st. The total additional revenue lor the full effective year under the inland revenue was estimated at seventy-seven millions. The proposed duty on sugar increases the price half-penny per lb, yielding £117,000 '-per year. There would be a fifty per cent, increase on tea, coffee, dried fruits, and tobacco; the increase on tea would provide four and a-half millions per year; on tobacco, . £5,000,000; there would bo an increase in the duty on motor spirit ot 3d per gallon; on patent medicine the duty' would be doubled, yielding a quarter of a million. There would be no alteration in beer and spirits. « IMPORTS and inland revenue (Received Noon). London, September 21. Mr McKenna, dealing with the imports, which might properly be restricted by duties for reasons of foreign exchange and the restriction of luxury, proposed an ad yaTbrum duty of 33 1-3 per cent, on motor i ,

cars, motor cycles, cinema films, clocks, watches, musical instruments, plate glass, and hats, which would yield £115,000 per year. Changes in the Post Office, and Telegraph rates, would yield an increase of £5,975,000. The total additional revenue from Customs and excise for the present year would he twenty-five millions, the total new taxation producing £lO,215,000 per year. The retrenchment committee had adopted the suggestion for the abolition of half-penny postage, reducing the weight of a letter carried for a penny. There would bo a higher scale for parcels post, inland telegrams, press telegrams, and an increase in poundage of postal orders, as well as higher telephone charges. JACK JOHNSON’S INDIGNATION. London, September 20. Jack Johnson has been fined £1 for furious driving when visiting the wounded at Colchester. When trapped and reported by a policeman, he said: “You fellows ought to be out at the front instead of interfering with us who are helping your people.”