THE BRITISH BUDGET.
•as, -Estimated surplus,
By Association—Copyright London, June 30.
Mr. iLloyd-George, introducing rhe
Budget, estimated the expenditure at ' £171,857,000, to which must be aaded '•' a realised deficit of makarrears of payments to local taxation account, £198,937,000. This is an increase of £9,755,000, and includes £4,461,000 for the Navy, and for the Army., Tie estimated revenue is £199,791,Ooo,i,leaving a surplus of £861,000. No new taxes are proposed, but the ■whisky and other taxes will be altered. . The pauper disqualification tor old age pensions will be removed in January. Insurances against unemployment and " invalidity on a contributory basis will be started, in 1911. Trade has been good this year, and will be better next. There has been a drop of 10,000,000 gallons in the spirits consumed, but no loss to revenue arid a distinct gain to the community. This was accompanied by a drop of 33 per cent, in convictions for drunkenness in , Scotland, and improvements, in some districts of Ireland to the extent of 36 peT cent. In England convictions showed a decrease of 18,000.
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Taranaki Daily News, Volume LIII, Issue 71, 2 July 1910, Page 5
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176THE BRITISH BUDGET. Taranaki Daily News, Volume LIII, Issue 71, 2 July 1910, Page 5
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