THE BRITISH BUDGET.

Taranaki Daily News, Volume LII, Issue 85, 6 May 1909, Page 2

THE BRITISH BUDGET.

R'KTIIKU JM«.:U.>*ION. London, -May 4. Mr. Uoyd-ticorgc, Chancellor of th<" Exchequer', answering -Mr. Kettle, member fur Tyrone, said the Treasury estimated that Ireland would |ni,v .UUO.IMI out of .£14,20(1,110(1 of the new taxation. Mr. Llovd-lieoiL'e, interviewed liy the Daily Telegraph," suiil the supertax wouid not apply to joint stork coinpanics. Jt relates only to individuals. THE CHANCELLOR'S KKI'I.V. Received May .*>. 11.-l.i p.m. London, .May ii. In the House of Commoas the Premier (Mr. 11. 11. A*|tiitli| stated thai the Customs duly would ho imposed on foreign beer. The general debate on the Budget closes to-night. Tins leading proposals are being vigorously discussed. The Covernmeiit is ac- . euse'd of utilising the Jtndgcl to carry i socialistic measures they otherwise would he unable to secure. Mr. Llovd-Ocorge, Chancellor of Ine Exchequer) pointed to the examples abroad and of some of Hie colonies of . high license duties and taxation of land ■ values, the surplus on which was partly ■ hypothetical, lie. remarked that the ; needs of the navy in HMD must be met first. Enough would then be left to relieve local ratepayer,, lie claimed that the dovernment had striven to distribute the taxation justly and fairly, lit declared that the naval expenditun would be very much higher in 11110 than ill HUB), and also foreshadowed a change namely, to tax licenses according to the quantity of liquor sold, instead of taxing them oil the amount of rent.