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MR CHAMBERLAIN'S BUDGET. Faots and Figures. (London Daily Telegraph.) The.tariff proposals of Mr Chai l>erlain—as laid down by him in i speech at Glasgow—may be appro mately summarised as follows : REMITTED TAXATION. £ I Tea 4,770,0(00 Sugar 2,950,000 Cocoa 113,000 Coffee 89,000 Rebjate on colonial wino 25,000 £7,9-17,000 NEW TAXATION, £ I Corn 3.018,000 Meat ia6*,ooo Dairy Produce 1,303,000 Deficit i 2.462,000 To the deficit of £2,462,000 shown above an addition must necessarily be made for a growth in both Home and Colonial production, and a corresponding diminution in foreign imports, as a result of tariff re-ar-rangement, and Mr Chamberlain takes the figure at £2,800,000. He proposes to more than wipe out this deficit by a tax of 10 per cent, on foreign manufactured goods, which he estimates to yield £9,000.000. The subjoined tables show in detail the existing position of our import trade in the articles of food above referred to. They illustrate the extent of our present dependence upon foreign countries and the Colonies respectively, and suggest the directions in which the proposed scale of duties may bo expected to stimulate the productive capacity of the Empire. Remission of Taxation. TEA. IMPORTS for Home Consumption, 1902. China India Ceylon Elsewhere ft ... 11,531,834 ... 148,727,837\ ... 85,540,878 8,639,043 Total ... 254,440,192 Duty at 6d per lb ... £6,361,000 Loss of revenue by proposed reduction to lid per lb ... £4,770,000 SUGAR. IMPORTS for Home Consumption, 1902, 30,789,550 cwt. Normal yield to revenue on present duties ... £5,900,000 Proposed reduction ol duty by 50 per cent. £2.950,000 Loss of Revenue £2,950,000 SUGAR IMPORTS from British Colonies, 1902. Cwt. Mauritlius ... 323,733 British East Indies 202,816 British West Indies 1,279,485 IMPORTS for Home Consumption, 1902, 53,766,8021b. Yield to revenue at 2s per cwt. for fiscal year 1902-3 £225,816 Loss by proposed reduction of duty to Is ... £112.908 SOUROE OF IMPORTS (in value). Foreign Countries ... £1,841,000 British Possessions cian Ann IMPORTS for Home Consumption, fiscal year 1902-3, 257,563cwt. Duty paid £178,628 Loss to revenue by proposed reduction of 50 per cent £89,314 Total imports in 1902, 941,522 cwt.. of which Ceylon contributed 8,907cwt., and other British Possessions 131,136cwt. WINE. IMPORTS, 1902. £ Foreign Countries ... 4,788,015 British South Africa 1,087. Australia 157,298 Loss by rebate of, say, 6d per gallon on 1,000,000 gallons of Colonial Wine ... ... £25,000 New and Preferential Taxation. IMPORTS, 1902 (MAIZE EXCEPTED). Cwt. Wheat Flour Barley Oats Beans Peas Rye Buckwheat 81,002,000 19,336.1)00 25,210,(>00 15,857,000 3,115,000 2,035,000 1,147,000 Total 147,830,000 Deduct proportion received from the Colonies 27,094,000 I Total foreign lau.vaD.uuo A tax on the foreign import at 2s per quarter woukl yield £3,018,000 CORN IMPORTS FROM THE COLONIES, 1902. British N. America. Cwts. Cwts. Barley ... 74,000 "Vheat ... 9.527,000 " 1 «"' - ... 1,943,000 OaU ... 590,000 Peas ... 215,000 Rye ... 390,000 —12,739,000 British India. 8,841,000 Wheat ... 4.174,000 *'lour ... 30,000 Beans ... 14,000 Poas ... 23.000 - 4,211,000 New Zealand. Wheat - 1.56,000 156,000 Tot °l 27,091,000 Average production of wheat and wheat flour in tin- United Kingdom for the three years 1900-2 ">9 ?S7 000 cwt, or 22J per wn i 0 { th ' p total consumption. SUMMARY OK Cony IMPORTS 1902. Wheat am] Flour.—Foreign Countries, £27.453.000; British Possesooo ' JB ' ss!, ' oo °- Tota1 ' £M.<m. Barley.—Foreign Countries, Ll7107,000 ; British Possessions, £-25000. Total. £7.132,000. Oats.—Foreign Countries, X 4.856 000 ; British Possessions, £135 000 Total, £5,041,000. Total, Foreign Countries, £39.416,000 : total, British Possessions, £B- - Oram! Total, £48,179,000,

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https://paperspast.natlib.govt.nz/newspapers/TDN19031125.2.41.1

Bibliographic details
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Taranaki Daily News, Volume XXXXV, Issue 254, 25 November 1903, Page 4

Word count
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545

Page 4 Advertisements Column 1 Taranaki Daily News, Volume XXXXV, Issue 254, 25 November 1903, Page 4

Page 4 Advertisements Column 1 Taranaki Daily News, Volume XXXXV, Issue 254, 25 November 1903, Page 4

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