BRITISH POLITICS.

Wairarapa Age, Volume XXXII, Issue 9602, 23 September 1909, Page 5

BRITISH POLITICS.

THE FINANCE BILL. INCOME TAX CLAUSES. Received September 22, 8.5 a LONDON, S-ptember2l. In the course of thy discussion on the Income Tax clauses, Mr Balfour said he recognised that Mr LloydGeorge was animated by a desire to remedy injustice. He noted the Chancellor's admission that landowners had been overtaxed for many years. Some of the Ministerialists expect that tlu Government's concession in regard to reba e3 to landowners vvnl have a favourable influence on the fortunes of the budget. The Unionists regard the modification as an act of justice long overdue. The concession is largely traceable to Lord Onslow's representations through the Central Land Associ ation, which proved that many owners were spending a third ol their gross income upon their property. Answering a deputation. Mr Lloyd • George admitted that a complete adjustment of the landlords' grievances would cost three millions annually. UNFAVOURABLE OPINIONS. Received September 22, 8.5 a.m. LONDON, September 21. Among many bankers expressing opinions unfavourable to the Budget are Mr W. M. Campbell, governor of the Bank of England, and Sir El. L. Tooth, chairman of the London board of the Bank of New South. Wales.