BRITISH TORY BUDGET

Grey River Argus, 27 April 1925, Page 5

BRITISH TORY BUDGET

REVIVAL OF PROTECTION. SANDWICHES A l.ri'Tl.l-: sm'IAI. REFORM. LONDON, April 2-1. Tho “Daily Telegraph’s’' I’arliamentary correspondent forecasts that the British Budget will include import duties on luxury articles. It will exclude practically, a revival of the McKenna Duties, which produced three million sterling of revenue annually.

Tt is confidently expected that the Chancellor, Mr Churchill, will announce that the Act prohibiting the export of gold, which expires at the end of this year, will not be renewed, and he may also indicate the date on which it' is proposed that Britain will revert to the gold standard, which reversion. Mr McKenna pdinted out recently, docs not mean that gold sovereigns will again be put into' circulation. The “Daily Mail” predicts a spectacular budget, with sixpence and possibly a shilling reduction in income tax; a. comprehensive scheme of insurance ' against unemployment and sickness: pensions for wulorvs and provision for preferences in accordance with tho Imperial Conference's decisions.