THE BUDGET CAMPAIGN.

Taranaki Daily News, Volume LII, Issue 190, 23 September 1909, Page 2

THE BUDGET CAMPAIGN.

THE LAX I) „;^ u onS. THE CHANCELLOR'S CONCESSIONS. I j Cable.—Press Association.—Copyright London, 21. Jn the House of Commons, during the discussion on the income-tax clauses, Jlr. Balfour, leader of the Opposition, said he recognised that Mr. LloydGeorge, Chancellor of the Exchequer, was animated with a desire to remedy an injustice. He noted Mr. George's admission that the landowners had been | overtaxed for many years. Some Ministerialist expect the concession to favorably inlluenee the fortunes of the Budget. I'nionists regard it as an act of justice long overdue, and .say the concession was largely traceable to Lov« vjhslmv's representations through the Central Land Association, which proved | that many owners were spending a third of tlieir gross income upon property.

Answering a deputation, „\lr. Lloyd(•enrge admitted that the complete adjustment of the. landlords' grievances would cost three millions annually. Amongst many bankers expressing opinions favorable to the Budget arc •Mr. W, Middletou Campbell, Goirrnor of the Bank of Enn .*.» , *ind Sir K. L. Tooth, chairman of tile London Board of the Bank of \ew South Wales.