BRITISH TAXATION.
THE BUDGET PROPOSALS.
PREMIER REPLIiM TO CRITICS.
By Cable.—Press Association.—Copyright
Received 25, 5.5 p.m. London, July 24. There wan a crowded and enthusiastic meeting at Cnnnon street. The Premier (Mr. H. H. Asquith), who was present, characterised the speeches at the bankers' and merchants' meetings m protest against the Budget, as full of misconception. It was, he said, universally admitted that there was present almost an unprecedented gap in the exchequers of almost all rich and progressive nations. Critics admitted that the requirements of national defence and social reform necessitated new sources of revenue, however hard they pressed. The Chancellor was not justified in resorting to measures of extortion and spoliation, but the land taxes were tolls on the accretions of value in tertain classes of land which arose from social causes and not individual enterprise. The only alternative to the proposed taxes was by way of the tariff.
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Taranaki Daily News, Volume LII, Issue 155, 26 July 1909, Page 2
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151BRITISH TAXATION. Taranaki Daily News, Volume LII, Issue 155, 26 July 1909, Page 2
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