IRISH BUDGET
MINISTER REPORTS SURPLUS [BY CABLE —PRESS ASSN. COPYRIGHT.] DUBLIN, May 11. The Minister of Finance, Mr. Sean McEntee, in the Dail Eireann, when introducing the budget, foreshadowed a surplus of £16,000 sterling. Mr. McEntee claimed that Ireland is unique among the nations, in that she is extinguishing her floating debt and is reducing her unemployment. He said that the reduction in the external trade of the Free State owing to the British tariff duties had been more than offset by an extraordinary expansion of Ireland’s domestic commerce. The Free State had rid itself of a burden of ninety-two million sterling that had unjustifiably been imposed by a secret agreement with Britain in the year 1923. He added that there had been no drying up of their revenue, which had exceeded the estimates in almost every significant item.
There are numerous tariff increases proposed in the budget. These include two-fifths of a penny duty on imported daily newspapers. Mr. Cosgrave said that trade had contracted 25 per cent. He added that the economic war would, apparently, continue for all time.
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Greymouth Evening Star, 12 May 1933, Page 7
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181IRISH BUDGET Greymouth Evening Star, 12 May 1933, Page 7
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