BRITISH TAXES.

Auckland Star, Volume LIX, Issue 31, 7 February 1928, Page 7

BRITISH TAXES.

BUDGET FORECAST

No Encouragement For Reduction. CHANCELLOR'S SPEECH. (British Official Wireless.) RUGBY, February fl. 11l the course of his speech at Birmingham on Friday the Chancellor of the Exchequer. Mr. "\\ inston Churchill, said that obviously there could be 110 general election in The Franchise Bill must be passed into law and new voters must take their place upon the register. The mere machinery of that process would carry Parliament into the spring or summer of 1920.

Mr. Churchill gave no encouragement to those who have lately been snix the hope that the coinilijr lUldjiet will reveal a reduction in income tax. The best hup.' for the income taxpayer, lie said, lay in an improvement in the national credit and in the conversion of the immense internil del it to a more Mr. W. Churchill. favourable rate of inte rot. -V reduction in local rates, which were a harassing luirden on production aid industry, called more nrgentlv for attention, and if he had the ncce--ary money to advance in this direction he would round <. ifl the iinancial poiicv nf the present Parliament by reducing the inconic tax by od and by giving additional relief to the smaller clasa of income taxpayer?. 1 he. (iovernnient had already helped the >avin£ and public i.v reestablishing the. jrohl standard. ]t had not only helped the mercantile and the banking intere-t-. but had iriven honest money to workmen and iiad steadily reduced the cost of li\ ins.