INTERNAL HOSTILITY.

Press, Volume LXII, Issue 18677, 28 April 1926, Page 9

INTERNAL HOSTILITY.

OPPOSmON UNITED. (MOTH'S TILMmuU.) (Received April 27th, 8.10 p.m.) LONDON, April 28. In the House of Commons, the preliminary skirmish on the finance debate indicated that the Ministerialists were mainly content with. the Budget as playing for 'safety, and clearing the financial ground for several years ahead. The Opposition Parties unitedly opposed the new taxes, which aroused intense hostility from quarters which usually do not co-operate. Mr Lloyd George was unable to share the Chancellor's satisfaction regarding the restoration of the gold standard, which, he claimed, had restricted export trade. He thought that the betting tax would confer a bonus on street betting, and promised that the Liberals would unflaggingly oppose the protective duties. It is noteworthy that the bfetting clause imposes a 10s license on bookmakers and a similar impost in reßpect of every addrest. whereat betting is conducted. A remission of the tax will be allowed in case of bets laid off.

" CHICORY " BUDGET. NEWSPAPER COMMENT. (AUSTBAtIAN and n.z cable association.) (Received April 27th, 9 p.m.) LONDON, April 26. The Budget was received without enthusiasm. While it was admitted as sound finance, disappointment was felt that there was no reduction in taxation. "The Times" says that Mr ChurohDi has faced the difficulties in this difficult year in a way in which they ought to be faced. The Sinking Fund operation cannot fail to have a favourable effect upon credit The benefit will percolate through the whole industrial system. Several papers, describe it as the "chicory" Budget. The "Daily Express" says it onl; offers an abolition of duty thereon, involving a sacrifice of £SOO a year. The "Morning Post" affirms that the success of the preference and silk duties show that a general tariff would be justified.

LIBERAL OPPOSITION. (BEUTBfi's TILEOBIMt.) (Received April 27th, 8 p.m.) LONDON, April 157. A meeting of the Liberal Parliamentary Party, after the Budget speech, Mr Lloyd George presiding, decided to oppose the new tax on betting, the raid on the road fund,. and further protective duties. FRENCH PAYMENTS. £4,000,000 FOR FISCAL YEAR. (A.UBTBALUN AND JT.Z. CißUt A.SSOCUTIOJT.) (Received April 27th, 8 p.m.) i PARIS, April 28. In the Chamber, M. Peret announced that £2,000,000 of France's debt would be paid to Britain before December 31st, and £2,000,000 before the end of the British fiscal year 1926-27. These payments would be credited towards the annual payments which were to be definitely agreed upon.