BRITISH POLITICS.

Taranaki Daily News, Volume LII, Issue 222, 25 October 1909, Page 2

BRITISH POLITICS.

REVISED BUDGET STATEMENC. A DEFICIENT EXPECTED. BOOM IN THE STOCK EXCHANGE. UyCable.-I'res. Association-Copy^* ' Received U, M P»- ~ London, October 24.

Mr. Lloyd-Ccorp tCUauc ehor of £ Jxcheuucr) made a revised » *W itatement. He announced tnat the w ■es-ious iu the Income »* «o*t "»°,MW and licenses half a ft „ d cease in spirit duty .«".*^TJV tn,. extra cost of ana valuation *««". 0 .while S. locaT the increment Irom the land lal °uia be £300,000. death duties an 'creased yield of *L300.000 <*«*■ £250,008, the Post Office iWOOO and hndtaxe. £IOO,OOO. There «•*»*,* „,.,. deficit of a quarter of a million rum the sinking fund, Mr. UojU■e?ge attributed the increase in ■.limns to the boom on the Stock Ex,2. I»e declared that all the UM vtfdoing well, except whisky, winch In eoroe districts had decreased I>> »' "r cent. Distillers had greatly reduced thcr reserve stocks owing to the unci rtalnty of the Budget prospects. Mr. Austin Chamberlain said the dimunifion In the whiskyduties proved that the Chancellor was too greedy. He as*ed whether the Supplementary Estimates included money for the Dreadnoughts. He denied that there was a boom In the Stock Exchange.

FROM THE LANDLORDS' VIEWTOINT.

ftooeivod 24, 5.5 p.m. London, October 24. U a Budget protest meeting at Sallitury the Earl of Pembroke declared that hj» 'had never made a penny profit out of bis 40,000 acres in Wiltshire. Hod he had the value of the estate in Consola he would have been a rich man. He added that the Government singled out landlords for special taxation because they •vere opposed to Literal polities. TnE IRISH PARTY.

MOVF.YRAISIXG SCHEME OPPOSED.

Received 24, 5.5 pirn. London, October 24. The Sinn Fein organisation ii opposing Mr. T. P. O'Connor's mission to Amirict to raise fund's for the Parliamentary Va'tv on the grounds that it means subsidising a party which is in pawn in purely English politics. EAST MARYLEBOWHEAT.

Received 24, 5.5 p.m. London, October 24.

The East Marylebone Unionists and Conservatives, despite the executive's decision and Mr. Joseph Chamberlain's letter suggesting that Lord Robert Cecil be unopposed, adopted Richard Jebb as a Tariff Reform candidate for the next election. THE DEVELOPMENT? DILL. London, October 22. The House of Lords passed the Development Bill through committee. Amendments made secure the Parliamentary control of the bureaucracy, and deleted the nil-embracing phrase " allowing money to be spent for any economic development."