Financial Debate.

Daily Telegraph (Napier), Issue 6813, 20 July 1893, Page 3

Financial Debate.

[FEOM OUR fiPKCIAL CORBESFONDBNTJ

[lil TKLEOB4PII I

WuiAiNCrTON, Last night

Tho financial debate was advanced a step to-night, but the end is eeetniugty fur oil', though when Bic Kobert Stout concluded hid spirited address with au eloquent peroration it momentarily looked as if the debato wan B-oinx to collape, and the Treasurer tctualty %t on to his feet -with the intention of making" his reply, but Uaptain Russell wae prepared to follow tho member for Inaugahua, and the lion. Mr Ward had perforce to bid his time, which will probably not be reached before the middle of noxt wee*. Mr Duthie held the floor for an hour before tho diunor adjournment, and for »iother hour afterwards, aud lij condemned nearly every feature that tho Budget proposed, apparently holdiog that nothing good ooaU ooine out of Kezartth Sir liobert ftoutfollowtd, and made an exceedingly able speech, which h«d the effect of showing that a,* a debater be towered bead and shoulders above all others in the rank aud file of the Government - party. That he is not iv entire accord with the Ministry wae, however, shown by his opposition to the exemption frona taxation Ot improvement*, and to graduated taxation Aβ an ad.-iresH, however, though HomevUiU Visionary, it whh ,of it decidedly brilliant character, free from personal recri'.nmatlou, and tended to ruirto the tono of the debate. Oaptaiu Nusiell exhaustively tutored into figures to show that tho proposed exemption of improvement) would benelic tho r<; wi>r. more than tho country, and hu pertinently asked was theie any equity in such a proposed system of taxation? '.! ha cry of the Town and Country would, he orgud, be intensified if the exemption of improvements was agreed to Mr Meredith waa tho fourth aud last speaker, bus his r-reacher-lika delivouu.oo did not tend to keep the Homa iv tint electrified Btato which had been tho cue ' with thosepreoedinif him.