THE BUDGET

Dominion, Volume 2, Issue 512, 20 May 1909, Page 5

THE BUDGET

; CHANCELLOR TALKS Of CONCESSIONS. A MARGIN TO WORK ON. NEW TAXES SHOULD GIVE £17,000,000 IN 1910. (or TjStiEDfeiPH—PKES3 ASSOCIATION— CorvHIGHT.) • (Rco. May 19, 11.55 p.ttt.) Londoh, May 19; , 111 tho cbur&o of tlib Budget tlfebrttfc ill ■ the Hoilsfe' of Cotafiibhs, tlid Ciiaiicsllof- of. tlld Exchequer, Mr. Lloyd-Gcorgcj said ho hoped it would bo possible to make bonccssions with tegatd to the; ineM&d intoifld tkS add iiMfise dlilies befatd the Budget i>fopdsal§ Wero. ultimately decided. A M lute Paper Which has been published thaws that Mf.'-Lloya-Citbrgfe fcatlihites that the n&ti imposts will j'ielfl as uhilei-i veil 1 . Estimated yield; 1803 ... ... bvfer U rHliltoliS 17 „ 1011 ... ... „ 18J „ STAMP UtTTIBiS OARMED. (lteo; May 19) 11i65 p.m.) Lbrldort, May 19.' ; The House of Commons lias carried the stamp duties ■ resolutions. •' V'' ' tit was tstimuted in the Budget that ah Additibhal,.£6so,ooo pev annilm would be raised by increasing the stamp duties'biishafe transactions. It. is proposed that the stamp duty on. bearer., bbnds itnd dther seouritics transfer l able by ,deliverv'shall be raised from. 10s. to 20s. per cent.'ot the nominal value. The duty on bonds which are issued by. coloiiial. Govirnments, however, remains "af 2s. 6d. per cent. "The Times" has,expressed the' opinion that tllfe fetdrtip duties' iVlll bperdte tefy tli&adVuntageously to bankers, -who will be paralysed jvith respeot to raising' colonial co-operation loans. .Such loaiis, ,111 future, the piper predicts Mil be tJbt&iiietl by New Ybft baiikfers.l' INCOME TAX. V- ; ■ ■. ;■.' THE POSITION OF BRITONS ABROAD. ! . London, May 18. ; During the income tax debate in the House 6f CottifnOiift, Mr. Austell Oliathhmlalri, Mfi Boimt tialVj ittid Mr. li Us Pfotytuah (Uniawste)i; in - the; in terests espeeialty' (if youttgdr.. iiietl. gtiiiig. to tiio feaibHieS; VSiflly bpposed tils feSblUtibtt withdf-dwiiig - ilbatetnoiils' (6li MMied : Jiitoltifea htilbW £56fii) & yeaf) td .those iittb Ofdllldlily rC&itlCflt ifl tile United liitlgdsiit; - ~ .. Tile 6iliili6dl!or of the fixehcqltei-j Mfi )jlo 4 Vd ; Ci^6f§fe(. t6Jliied tiidt tllHso sfeiriHg tile Cro\vn ttttfbiid tvfcH) eHtlty l<3 ttbateineiitsi These iwta iiiib\veti to- i-Mltltdits In Britain byitlil&tl tilts lattet tdlltflbUtß-to tilo rcvdlltlo by InfertliS Of mdiffcet taxfttiolli