THE KING'S SPEECH.

Dominion, Volume 3, Issue 749, 23 February 1910, Page 5

THE KING'S SPEECH.

INCREASE IN NAVY—PROPOSALS AS TO LORDS. By Toletraph—Press Association—Copyright. London, February 21. . The new' Parliament was opened to-day by tho King. ■ There was fine.' weather for the ceremony. His Majesty was accompanied by Queen ''Alexandra and Prince and- Princess Henry of Battanburg.. Among' the chief matters foreshadowed in the ' Speech. from the Throne aro the following:— A substantial increase in the cost of the Kavy. . ■ ■ ; A proposal : to secure the undivided t '.. /authority of : , House of, Com;■/monsover finance anditspredom- ■ inance in legislation. - ; • "These' proposals) ;in my 1 Advisers' ; opinion, l " continues; flio'. Speech, v; "should provide'that the House of : Lords should bo so; constituted and empowered as to : exercise' impartially in regard 'to proposed legislation the. . functions of initiation, revision, and (subject vto ' .. .: necessary' safeguards) of delay." The Speech- foreshadows _ no new Bills. It' refers to , the friendly relations' with foreign Powers,,' to South' African Union, and -to the .Prince-, of Wales's visit to South Africa to inaugurate/ the. Parliamentary : life of a (peat United. Dominion. './Deferring to the financial; position, the Speech says:'As: the expenditure authorised by the last !Parliament was not pro-' : vided. by taxation, "there has been temporary borrowing.; / Arrangements must be made promptly; for dealing with the financial situation'thus created." • The 'Prime Minister,; Mr. ;H. H. Asquith, states;. that, ho intends to 'first introduce the Budget, - then submit a resolution, which: will form'the foundation of,a Veto Bill, which will.'.be introduced, after an extended vacation, in the middle of April. ;