CHURCHILL'S BUDGET.

Auckland Star, Volume LX, Issue 90, 17 April 1929, Page 7

CHURCHILL'S BUDGET.

Conservatives Compliment

Churchill.

SOUND PROPOSALS. (British Oflieial Wireless.) (Keeei veil noon.) KUGBY, April 10. Comment on the Chancellor of the Exchequer's speech, as was to be expected. in view of the approaching mineral election, is sharply divided on parly lines. Conservative and Liberal journals, however, congratulate Mr. Churchill <ui his masterly exposition of national iinanee with which his speech opened.

Conservative newspapers compliment him 011 the soundness of his proposals for the, disposing of the surplus, but Opposition newspapers declare that the tea duty relief and the relief to farmers are electioneering features.

EFFECT ON 'CHANGE.

(British Official Wireless.) (Keceived 1- noon.) KI'GBY, April 10. The Budget, as a whole, was well received on the Stock Exchange, and it had little effect on the markets. Tea shares, however, were firmer in anticipation of an increased demand in view of the tax remission, and the Budget effect on some railways was welcomed. Brewery and motor shares were steady and tobaccos displayed a hardening tendency.

CHEAPER TEA. (Australian anil X.Z. I'ress Association.) LONDON, April 1(1. The leading retailers of tea announce a reduction of 4d a pound to-day.