AGAINST THE BUDGET.
A LONDON MEETING. By Cable.—Presa Association.—Copyright Received 28, 10.35 p.m. London, July 28. A very large meeting was bold in !thG city against the Budget. Lord Aldern* hum, who presided, declared his emphatic adherence to fiscal tariff reform and described Mr. Lloyd-George'® pro* posala as profoundly unjust, oppreseive and a menace to trade and commerce and banking interests.
FISCAL REFORM A NECESSITY. FOI! FINANCIAL, COMMERCIAL AND IMPERIAL REASONS. MR. BALFOUR'S VIEWS. Received 28, 10.45 p.m. London, July 26. Mr. Unlfour was cheered and cheered again w hen he referred to his prophecy At Birmingham 23 .years ago that merely from a financial standpoint tariff reform was absolutely inevitable. Feart had been expressed that import duties might violently divert commerce from its proper channels and place difficulty in the way of the legitimate trader. "The more I have been able to conaider this problem," Mr. Balfour continued ta deliberate tones, ''the less weight and substance do 1 personally and individually attach to any of' these fears. Ido not believe any scale of duties such as 1 could individually contemplate have the slightest effect in hampering industry or injuriously or violently diverting Ihc course of trade. Ido not believe the cost of collection would be other than insignificant. Ido not believe for nne moment it is going to promote any Illegitimate combinations, call them trusts or what you will, within the limits of this kingdom. On the contrary, iny own conviction is the more we look round in a detached spirit upon the treaty relations between the different countries, the commercial relation! of the different countries, and the changing circumstances of trade, the more certain it is not tlmt we must adopt a * wild or-an extreme tariff for the benefit of this or tliot manufacturer, but that for financial, commercial and Imperial reasons fiscal reform of a moderate and equitable kind I have always contemplated is more than ever a necessity. o
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Taranaki Daily News, Volume LII, Issue 158, 29 July 1909, Page 2
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323AGAINST THE BUDGET. Taranaki Daily News, Volume LII, Issue 158, 29 July 1909, Page 2
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