BRITISH FINANCE.
LOWER EXPENDITURE, BIG SAVING MADE. BETTER TIMES AHEAD. By Telegraph.—Press Assn.—Copyright. Received May 4, 9.45 p.m. London, May 3. In the House of Commons, Sir Robert Horne, replying to the Budget debate, expressed the opinion that he was justified in expecting a trade revival and increased receipts, owing to the cheapening of money. The coak strike in 1921 cost £25,000,000, the railway agreement £44,000,000, and the repeal of the Corn Production Act £30,000,000. He pointed out that it cost £11,000,000 yearly to reduce the sugar duty sufficiently to benefit the consumers. He is confident that with normal conditions the- Supplementary Estimates would not exceed the anticipated margin at the end of the year above the Budget surplus. In 1919-1920 the Government spent £1,100,000,000 on supply services; the expenditure today was less than half, and in the current year the Government would pay £217,000,000 less than in 1921-1922. Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 5 May 1922, Page 5
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152BRITISH FINANCE. Taranaki Daily News, 5 May 1922, Page 5
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