GLADNESS AND GLOOM.

Auckland Star, Volume LVIII, Issue 87, 13 April 1927, Page 7

GLADNESS AND GLOOM.

BUDGET PHILOSOPHY. i i Received a.m.) | LONDON, April 1-. | While Mr. Churchill is being condemned ill tin- House uf Commons as a I financial juggler, l.y a half-hearted Op| i»iii<>:i. t lu? country generally imore i»r lc«s philosophically accept i.ig ilie r.cw burden of taxatioiu Shorn of Chancellorship verbiage the Budg. t means that tobacco will «•<• -1 • | halfpenny per ounce more, foreign win?s • from one penny to 8d per liottlo more; : matches a halfpenny per dozen boxe- ' more, and table ware, china ami pottery slight lv more. 1 5 Cigar manufacturers are mournful. ? They say they might as well go out ol s business, while motorists as a class are one of the worst hit. The roail fund reserve of £12.000,000 is entirely transferred to revenue. A ' big motoring association announces it . w ill eoiitot this summary execution. and r declares that material l'arliamentarv support i-; likely to be forthcoming. l> Motorists are al-o perturbed at the abolition of tlie Transport Department. I The tax imported on motor tyres wiil 3 increase the cost by one-third, at which 1 ilrit ish tyre manufacturers, who recently forced a big reduction to meet competition, are jubilant. There was a sharp advance in their shares to-dav. Meantime two American manufacturers are hurrying on the completion of their factories in England. Everybody is more or less agreed tliat j Mr. ( liurehill was cliaracteristicaliv ingenious in meeting the disastrous deficit. Indirect taxation. though just , : as bad in the long r\:n. is not so im- - me.iK'.lcl v om\ ions ;is increased income s ' tax. ' Any attempt in that direction woul I t lia\e been followed bv Mich an outcry t| as to shake the Government. That is - ! mainly why Mr. Churchill is being re[ferred to as a luodeiu Cinaucvalli.