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Taranaki Daily News, 30 October 1919, Page 5

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END OF WAR CABINET.

PREMIER'S NEW COLLEAGUES,

• A CABINET OF TWENTY. By TeltgrapU.—Pres3 Assn.—Copyright, Received Oct. 29, 7.30 p.m. London, Oct. 23. Mr. Bonar Law, speaking in the House of Commons, announced the extension of the membership of the Cabinet to twenty, following the dissolution of the War Calbinet. The Prime Minister had invited the following to become members (the portfolios now held being mentioned in parenthesis):— Mr. A. J. Balfour (who recently, re. signed the Foreign Secretaryship and was appointed President of the Council). Lord Birkenhead (the Lord Chanpellor). ■ *; j.> ■s>s!• : ;f Mr. G. N. Barnes (a member of the War Cabinet without portfolio).

Dr. C. Addison (Minister of Health). Mr- Bonar Law (Leader of the House of Commons). [ Mr. -Austin Chamberlain (Chancellor of the Exchequer). Mr. W. S. Churchill (Secretary of State for War). Lord •Curzon (who succeeds Mr. Balfour as Foreign Secretary). Lord French (Lord Lieutenant for Ireland). Mr. H. A. L. Fisher (President of the' Board of Education). • Sir Auckland 'Geddes (Minister of National Service and Reconstruction). Sir Erie Geddes (Minister of Transport). " Sir R. S- Home (Minister of Labor). Lord Lee. Mr. Walter Long (First Lord of the Admiralty). Lord Milner (Secretary of State for the Colonies). The Hon. E. S. Montagu (Secretary of State for India). Mr. R. Monro, K.C. (Secretary for Scotland). Mr. Edward Shortt, K.C. (Secretary of State for Home Affairs). FINANCIAL OUTLOOK. EXCESS OF ESTIMATES EXPECTED. WAR PAYMENTS DELAYED. ! Received Oct. 29, 7.30 p.m. London, Oct. 28. The Chancellor of the Exchequer (Mr. Austen Chamberlain), in issuing a revised financial statement, says the normal revenue collection for the current year is proceeding satisfactorily, and it is expected that all heads of inland revenue, except excess profits, will fulfil or exceed the Budget estimates, possibly by some twenty millions. Excess profits fall next financial year instead of the current year, but the loss will be more than compensated by an increased yield of customs, excise, etc. On the other hand, appropriations on the other side of the account are not realising as quickly as anticipated. The chief items of these which cannot be re-. ceived this year include repayments, mainly by Australia, for the maintenance of Australian troops, amounting to £20,000,000, and the repayment by Germany of the cost of the Armv of Occupation, £60,000,000. A STORY OF MILLIONS. The Chancellor added that the continuance of food control prevents the winding up of the food purchase accounts and the return of working capital affecting stocks valued at £(15,000,000. The actual increase in expenditure over the Budget estimate, apart from the receipt of these appropriations, amounts to £133,195,000, of which the civil services (owing to .war pensions, a war bonus, extra policy grants, and expenses due to the police strike) account for £32,000,000. Increased pay in tile Army, the Navy, and the Air Force involve £21,500,000. The revised estimated total expenditure is £1,642,295,000, exceeding the Budget by £191,195,000. The revised estimated revenue is £1,168,650,000, which is £32,450,000 less than the Budget estimate. The revised expenditure shows the following reductions compared with the Budget and National Debt:—Civil Services £15,000,000; Air Force, £9,000,000; allowance for contingencies, £16,190,000. The following increases:—Army, £118,000,000; Navy, £10,800,000; Civil Services, £90,196,000; revenue departments, £0,389,000. The Chancellor tentatively gives revised estimates for a normal year tased on the existing scale, A'hicli shows a normal revenue of £800,f10,000, including £290,000,000 customs ana excise; £460,'000,000 inland revenue; £43,000,000 post office; £3,000,000 miscellaneous. A normal year's expenditure would be £BOB,000,000, including £373,000,000 to consolidated fund charges; £135,000,000 to the fighting forces; £246,500,000 to the Civil Services; £53,500,000 to the revenue services. PAYMENT BY GERMANY. Mr. Chamberlain announced that Germany pays the Allies, before next May, £20,000,000 in gold murks. The first charges on this sum will be the cost of the Armies of Occupation, also the cost of food and raw materials considered necessary to enable Germany to meet her obligations. The Reparation Committee determines the amounts and the times of subsequent payments. Mr. Chamberlain mentioned that the railways strike cost the State approximately £10,000,000. The Government's publicity campaign cost £32,000.. THE NATIONAL DEBT. The statement of the Chancellor shows that the National debt is now £8,075,000,00!), of which +'2.626,0nt1,(m() is recoverable war assets, including loans to the Allies and the Dominions. ' The debt due to America is £842,000,000. — Aus.-N.Z. Cable Assn. THE IRISH POLICE BILL. London, October 28. The Sex Disqualiiication Bill passed the committee stage. The Irish Police Bill was read a second time. It provides for increased pay, similar to that granted to the British police. The Labor Party strongly opposed the Bill, as it prohibits the Irish police joining trade unions.—Aus.N.Z.' Cable Assn. . V