SNOWDEN DEFENDED

Ashburton Guardian, Volume 50, Issue 159, 17 April 1930, Page 5

SNOWDEN DEFENDED

BUDGET PROPOSALS.

LIBERAL LEADER'S VIEWS

HIS PREDECESSOR'S DEBTS

(United Press Association—Copyright.)

(Received This Day, 1.20 p.m.) LONDON, April 16

In the House of Commons, continuing the debate on the Budget, Mr D. Lloyd George (Liberal leader) said the expenditure mattered more than taxation, but Mr Snowden had faced the expenditure like a man. Mr Churchill (ex-Chancellor of the Exchequer) was responsible for the greater part of the deficit. Mr 'Snowden had provided for expenditure to which he had committed the country, and. had not piled up a deficit for 1931 on a gamble of restoration of trade. Mr Churchill was the first Chancellor who had deliberately bequeathed a deficit to his successor. Mr Snowden was now paying for his predecessor's gambling debts, Mr Snowden, replying to the debate, said that the Opposition seemed to think that all the money taken in taxation was thrown down the sink. He most profoundly believed that Labour's unemployment scheme had saved the countrv from revolution. W lth regard to the new death duties, wartime profiteering fortunes were now coming in for estate duties. "I am goinn; to get some of that back," declared Mr Snowden. The Budget resolution was agreed to without division.