THE BUDGET PROPOSALS.
REBATE ON COLONIAL SUGAR IMPRACTICABLE.
THE ISSUE OF THE WAR LOAN,
Unit.- Press Association—By Eljstri. Telegraph—Copyrisht. (Received May Ist, 9.14 a.m.) LONDON, April 30. Sir Michael Hicks-Beach, in reply to Mr E. F. Flower, Conserve: ive member for Bradford, in the House of Commons, stated that a rebate on colonial sugar was impracticable, inasmuch as it was impossible to estimate the quantity of sugar not really colonial imported from the colonies. The Committee of Ways and Means re-newed-the duty on spirits. The Loans Bill »v-_ carried by 213 to 128, and tha Hou*e, by 251 to 148. adopted the report, of the Committee, which agreed to the sugar duties. It also adopted the report of the Committee agreeing to the increase in the income tax. Sir Michael Hicks-Beaoh declared the issue of the whole war loan was most advantageous, and had not disturbed the market, but had tended to improve securities. The Chancellor of the Exchequer, replying to a deputation of miners, said the duty on exported coal would fail on the foreign purchaser. That export had doubled in thirteen years, despite the higher freights, and the imposition of import duties abroad.
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Press, Volume LVIII, Issue 10954, 2 May 1901, Page 5
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195THE BUDGET PROPOSALS. Press, Volume LVIII, Issue 10954, 2 May 1901, Page 5
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