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POINCARE’S BUDGET NAVY AND AIR NEEDS FIRST (United P.A.—By Telegraph — Copyright) (Australian and N.Z. Press Association.) PARIS, Wednesday. M. Poincare, Premier and Finance Minister, in a preliminary outline of his 1929 Budge't, says it is impossible to reduce direct taxation at present, perhaps not before 1931. The Estimates for the Government departments -would have resulted in a d-efleit of £48,000,000, but the Government had cut them down, even those for national defence. It argued that a healthy financial situation, with undiminished credit, are elements in the defence of the country as important as frontier fortifications or supplies. The Budget will give' preference to the carrying out of the naval building programme and the naval air service. It also includes a loan of £4,000,000 for tbe purpose of agricultural credits to enable the farmers to replace their machinery and to buy needed stock. The Budget establishes a fund of about £84,000 for research into caDcer and tuberculosis.
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Bibliographic details
Sun (Auckland), Volume II, Issue 440, 23 August 1928, Page 9
Word Count
159ESTIMATES CUT DOWN Sun (Auckland), Volume II, Issue 440, 23 August 1928, Page 9
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