POPULAR IN LONDON

Evening Post, Volume CXVI, Issue 84, 6 October 1933, Page 7

POPULAR IN LONDON

AUSTRALIAN RESIDENTS EFFECT OF BUDGET Daitcd l'ress Association—By Electric Telegraph—Copyright. (Received October 6, 11 a.m.) LONDON, October 5. Not siuco tlio Sydney's > destruction of the Emdcn roused England .to feverish enthusiasm for Australia have Australian residents in London enjoyed such popularity. Everyone, is congratulating them on the Budget, considering that Australia has set a magnificent example to Britain and the world, especially in respect of a reduction of taxation. ' The Commonwealth Budget is the leading feature in most of the morning newspapers, and lengthy; reports are displayed under triple anid double-col-umn headlines. The "Daily Telegraph's" top line reads: "Australia's Big Gift to British Trade." The "Daily Express!' heads its report: "Dramatic Gesture for Empire Trade," and directs attention to some duties which have been more than The "Daily Mail's" City Editor says Australian loan holders and British manufacturers will be pleased with Australia's sound and cheering Budget. The bold tax-cutting remarkably demonstrates the great financial recovery of Australia, especially sinco the rise in wool, and the country has now turned'towards recovery. Thus, from one of the first to suffer from, the economic blizzard, Australia is in the forefront substantially reducing taxation which is so desirable everywhere. The "News-Chronicle,'? emphasising that the Budget has firmed Australian stocks, congratulates Australia and Mr. Lyons., It recalls that Australia's collapse heralded the crisis,' and hopes that the Budget will herald a much more desirable'phase. '..-'.. The. "Daily Telegraph" says the Commonwealth Budget is the most heartening for many years. Tho sharp advance in Australia's export values has clearly induced Mr. Lyons to frame his proposals on optimistic lines.