BRITISH POLITICS.

Taranaki Daily News, 4 November 1919, Page 5

BRITISH POLITICS.

THE FINANCIAL OUTLOOK. 'MR. LLOYD GEORGE'S SPEECH. - By Telegraph.—Press Assn.—CopyiletoLondon, Oct. 31. 1 Even anti-Ministerial newspapers admit that Mr. iloyd Georgia brilliant oratorical effort on the second day. of ' the financial debate completely discomfied critkg, and was largely responsible for the overwhelming majority. Mr. Eogge and other ''Wee Frees" complained tint the Premier's rhetoric obscured the Government's view of a capital levy. One of the most Interesting speeches was Lbtd Robert Cecil's. He aaV many ■were doubtful regarding the wisdom of a levy, not because they grudged contributing or considered it unprincipled confiscation, but they feared it would produce more harm than good. He agreed that it would be madness not to inquire into the subject. H» criticised Mr. Chamberlain's forecast of a normal year's expenditure, ftad ontttiaaed whether the expenses in-1 eluded those of administrating the mandates, and whether allowance was made for domestic expenditure, such as housing, and the additional cost of edu- ■ cation. The Times lobbyist says that the Government is undertaking a lightning autumn campaign throughout the country in an endeavor to regain its lost prestige. The Government will hold 200 mass \ meetings during the next six weeks. (Tie speakers Will he headed by Messrs JJoyd George and Bonar Law. : The Times, in a leader commenting on the Government victory in the financial debate, declares that Mr. Lloyd George's £pMdr will not stand the analysis of Cold print; There will be widespread astonishment that the House of Comjtaens was so easily, cajoled, and. those pdieving in representative institutions frill tremble for democracy in the future. ■ MR. ASQUITH ON FINANCE. JftJRTHER TAXATION URGED. Received Nov. 3, 5.5 p.m. . London, Oct. 31. _ Mr. Agqpith, speaking at Aberystwyth, denounced tl» Government's financial t»licT< .He said Mr. Chamberlain's mistskulation waa the grossest in the <soUatey*« "history, yet the Premier Ctaam jakesover the financial position, the Souse of Commons was dis|olto in. laughter. Hypothetical had no use. declared that the only "V** additional taxation, either OB or wealth. He welcomed the faijtotfy into taxation on war fortunes. — Jgto.-N.Z. Cable Assn. t ' II- 'iii-