THE IMPERIAL BUDGET.
London, April 15.
Mr Goschen, Chancellor of the Exchequer, delivered bis financial statement in the Honse of Commons to-night. Ho makes new demands for the coming year to the extent of £4,500,000, comprising local taxation and increases in the Array and Navy estimates. The expenditure last year was £941,000 below the estimate, and the revenue £1,645,000 above, The estimated expenditure for next year is £86,967,000, and the estimated revenue £85,050,000. He proposes to apply £1,000,000 of the profits of the conversion of consols towards the deficiency, and £500,000 from the same source to the reduction of the National Debt, £BOO,OOO is to be raised daring the current year, and £1,000,000 next year, by the imposition of 1 per cent additional death duty on estates over £IO,OOO. £300,000 will also be raised by increasing the beer tax onefifteenth of a penny, leaving a margin of £182,000. Mr . Goschen said that ho desired to deal with the whole question of death dues, but be was afraid it would occupy all the session. He hoped to deal with the gold currency in a separate measure.
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Temuka Leader, Issue 1880, 18 April 1889, Page 1
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185THE IMPERIAL BUDGET. Temuka Leader, Issue 1880, 18 April 1889, Page 1
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