WAR BUDGET

Waikato Times, Volume 125, Issue 20908, 13 September 1939, Page 8

WAR BUDGET

BIG DEFICIT IN CANADA EQUALITY OF SACRIFICE STATEMENT BY MINISTER (United Press Assn.—Elec. Tel. Copyright) (Received Sept. 13, 3.15 p.m.) OTTAWA, Sept. 12 The Revenue Minister, Mr J. L. Ilslev, in presenting the War Budget, said#Ganada was following a “pay as you go” policy. As far as practicable the Government would insist on the “principle of equality of sacrifice, on the basis of ability to pay.” Mr llsley forecast a deficit of 156,000,000 dollars in the current fiscal year. He believed that any borrowing would be comparable with peace-time levels. The income sur-taxes have been increased to 20 per cent and excise taxes on beverages and tobacco have been increased. AUSTRALIAN PRODUCE BOUGHT BY BRITAIN FRUITS, SUGAR AND WHEAT (United Press Assn.—Elec. Tel. Copyright) CANBERRA, Sept. 12 The Federal Minister of Commerce announced to-day that Britain had bought the whole surplus of Australian dried fruits at prices approximating to those recently ruling in the open market. He said it was probable also that Britain would take the whole surplus of the sugar crop, 450,000 long tons. Negotiations were proceeding for the sale of the surplus wheat crop to Britain. Rush of Recruits The Prime Minister, Mr R. G. Menzies, is greatly impressed with the manner in which men are offering their services for home and abroad. He said the military authorities w’ere faced with an enormous number of applications and a rush for enlistment. The Government intended to make another examination of the militia training system with a view to its extension. FOOD SUPPLIES GIFT FROM AUSTRALIA URGED £1,000,000 WORTH TO BRITAIN (United Frees Aten.—Elec. Tel. Copyright) (Received Sept. 13, 1 p.m.) CANBERRA, Sept. 13 Mr Curtin, resuming the debate on the Budget in the House of Representatives, suggested that as Australia had immense food resources the Budget should provide for a gift of £1,000,000 worth of food supplies to the people of Britain. GALLANT LEAD NEW ZEALAND’S ACTION TRIBUTE BY LONDON PRESS (United Press Assn.—Elec. Tel. Copyright) LONDON, Sept. 11 The Daily Telegraph says that the nature of the Dominions’ action is a matter for their respective Governments. New Zealand's decision to raise a force to serve within or without the country Is a gallant lead, and the stricken fields of Gallipoli and France have shown the value of her troops. HELP FROM JEWS WILLING TO SERVE ANYWHERE JOIN THE BRITISH ARMY .United Press Assn.—Elec. Tel. Copyright) (Received Sept. 13, 11 a.m.) JERUSALEM, Sept. 12 Forty-five thousand Jews were registered in the first two days of mobilisation of volunteers, local defence services and auxiliary services of the British Army. Ninety per cent are willing to serve in the British Army anywhere. Rights as Human Beings Dr. Weizmann, president of the World Zionist Organisation, in a new year message to the Jewish people, says:— “In a world where human rights and dignity count once more the Jew will regain his rights as a human being and as a citizen. The Jewish people can look forward to the fulfilment of their historic right to a free return to their homeland. “ Special responsibility lies upon our brethren in countries where we enjoy freedom of action. This hour demands from us the readiness for the utmost sacrifices to save our people and their historic hopes from destruction. NEW YORK STOCK EXCHANGE PRICES HIGHER (United Press Assn.—Elpc. Tel. Copyright) (Received Sept. 13,. 3.15 p.m.) NEW YORK, Sept. 12 The early profit-taking which caused a sharp decline on the stock market was swept aside before the market closed, sending prices higher.