IMPERIAL POLITICS.

Taranaki Daily News, Volume LVII, Issue 29, 24 June 1914, Page 5

IMPERIAL POLITICS.

DEBATE ON THE FINANCE BILL." By Cable—rress Association—Copyright London, June 22.

In the House of Commons, Mr. Samuel, in moving the second reading of the Finance Bill, said the Government proposed to divide the Bill into two parts, one dealing with new taxation and the other with local grants. The lafter would be postponed. The income-tax as proposed in the Bill would be reduced by owe penny.

Mr. Holt welcomed the announcement and added thai he would vote for the second reading. Mr. Long taunted the Government with surrendering to threats. It is understood that the dissatisfied Liberals will abandon their hostile amendments.

The Speaker ruled that the provisions of the Finance Bill of grants for local purposes, also the rating clauses, exceeded the scope of the resolutions upon which the Pill was based. A fresh resolution was necessary, but it was not necessary to withdraw the Bill.

ATD TO LOCAL AUTHORITIES POSTPONED. SOME FURTHER SUGGESTIONS. Received 23, 11.16 p.m. "' ' London, June 23.

The income-tax, reduction merely affects the proposed increase of unearned incomes to sixteen pence. This rebate is about equivalent to the amount the Government intended to grant as aid to local authorities, which scheme is now postponed until 1915. Many Liberals suggest reconsideration of the reduction of the income tax and to substitute a reduction of the sugar duty.