THE ENGLISH BUDGET

Waikato Times, Volume XXXII, Issue 2616, 18 April 1889, Page 2

THE ENGLISH BUDGET

(By Electric Telegraph— Coi-yriimit ) L<inikin, April \">. Tiik, Chancellor of the Exchequer delivered tin; Liudgefc in the House of Commons to-night. He makes now demands for the coming year to tin.- extent of four and a-half millions, comprising locil taxation and an increase in the army and navy est.iiiiiit.es. ;he expenditure last year was £011,000 l.olow the estimate, and the revenue ,£1,645,000 above it. The estimated expenditure for next year is ,£86,965,000 and the estimated revenue ■ .■£Sf>,oso,ooo. £800,000 is to he ] raised during tho current year, and .£1,000,000' next year, by the imposition of one per cent, additional death duty on estates over £ 10,000. £30,000 will also be raised by increasing the beer tax one-fifteenth of a penny. He hoped to deal with the gold currency in a separate measure. April 16. Mr Goschen proposes to raise £300,000 by increasing the beer tax one-fourteenth of a penny, not onerifteenth. In the course of his Budget speech he questioned whether paper money could be considered side by side with geld coinage, and said that prudent forbade making large economy by the issue of paper money, which was not represented by gold. The Chancellor declared his intention of clinging to the postal surplus, not in a miserly way, but with tenacity. He referred shortly to the expanding prosperity of the country, and to the really grave condition of European politics.