THE HOME BUDGET.

Taranaki Daily News, Volume XXXXIII, Issue XXXXIII, 22 April 1901, Page 3

THE HOME BUDGET.

[per press association. I Received 20, 8.46 p.m.

London, April 20,

Tbo Budget has caused astonishment and sidmiration in Germany. The action of tha House of Commons in accepting frreh V>ui-<L-i:s is taken as a proof of the ;.'i'- r a f n.';-..-: of Fclf f-'acrifice. The bulk of f-'e;M-:i> * Aimis of sugar goes to England, t-'ouw G'-tinsn newspapers say it rtmains to be seen whether Sic M.. . IIi:k?-B-"-ai h succeeds iu throwing a | partion of ihe co : A of the South African 1 u :i:v vS'jw on 'o ilio Continent.

Tile li- dge 1 - provi'f'■■» a duty of 4s 2d on rr:fir>ed tugar polarising above 98 degn e-, while taw sugtr polarising below 98 decrees, gradually diminishes with each diminishing degree of polarisation by a percentage of duty until it rerehes the minimum of two shillings at 76 degrees.

SIXTY MILLIOK LOAN AUTHORISED. (Received 21, 4.55 p.m.) Lokdos, April 20. The Committee by 186 to ised the loan of sixty millions by two and three-quarters per consols, or a further issue of the war loan, stock, treafuiy bills or exchequer bonds. The Times says Sir M. Hi< k-Beach was previously assured that the City would support the issue, and that prevailing conditions were believed eminently favourable to the loan which will be placed on the market early next week. I Received 21, 5 pm.

Losdon, April 20,

Tho borrowing proposed by the Government will b'i mainly from consols 'under the Debt Conversion Act of 1888. Tli'-ra are indications that the two or three-quarter consols, falling automatically to two and a half per j cent., will be issued at a minimum of< 944. Discounts and other allowances make it probable that it will largely be allotted at £93 14s with dividend payable in July for the quarter ending June.

The Standard says it if understood that tho coming loan will be for fifty millions.

Sir M. Hitks-Beach has promised to] consider the exemption of the existing. coal txport contracts from the duty. The standard says it is understood the exemption is applicable exclusively to foreigners who are puichasers, while British purchasers abroad are liable.