BUDGET BILL READ.

Auckland Star, Volume LXIV, Issue 116, 19 May 1933, Page 7

BUDGET BILL READ.

AMENDMENT SUGGESTED. LONDON, May IS. In the House of Commons a Labour motion for the rejection of the Finance Bill on the ground that it left the heaviest burdens on those least able to bear them was defeated. The Chancellor of the Exchequer, Mr. Neville Chamberlain, in reply to some Conservative opposition to taxation of heavy oils as a burden on industry, said that if, as suggested, there was a general desire for the substitution of a tax oh foreign sugar or tea, he would sympathetically consider it. The bill was read a second time by 308 votes to 48. KEEP OFF MARKET. REQUEST TO BORROWERS. (British Official Wireless.) RUGBY, May 18. In a notice issued on January 13 the Chancellor of the Exchequer, Mr. Neville Chamberlain, in withdrawing his earlier and more comprehensive request in regard to new issues of capital, asked intending borrowers to retrain for the present from coming on the London market, inter alia, for foreign isßues. Mr. Chamberlain did not attempt at that time to define precisely the scope of the term "issue," which was used by him. Now he finds it necessary to make a further explanation. For the present Mr. Chamberlain thinks it not.iu the public interest that large blocks of securities, including securities dealt in on the London Stock Exchange, should be purchased ( from foreign "holders with a view to their sale in this country, either by issue to the public or otherwise.