PRUNING KNIFE.

Hawera Star, Volume XLVIII, 13 February 1925, Page 5

PRUNING KNIFE.

USED ON NAVY ESTIMATES. BURDEN EASED A LITTLE. BY CABLE-PRESS ASSOCIATION—COPYRIGHT LONDON, Feb. .11. The Daily Express says that Afr Winston Churchill’ (Chancellor of the Exchequer) won over Cabinet to his view regarding a reduction of the naval estimates, though the sea lords stubbornly held out for an increase to £10,000,000 instead of £5,000.000, which Mr Churchill was willing to grant. Mr W. C. Bridgman (First Lord of the Admiralty) and Mr L. C. M. S. Amery (Colonial Secretary) backed the Admiralty, but Air Churchill carried his point, obviating tlie possibility of following his father (Lord Randolph Churchill) into the wilderness. A reduction of at least sixpence in the income tax is assured. BRITAIN’S TAX BURDEN. “The pressure of taxes, which is heavier here than in any other country in the world, is too great for our trade to bear,’’ said Mr Reginald McKenna, chairman of the London Joint City and Midland Bank and former Chancellor of the Exchequer, in a speech at a meeting of the bank shareholders. “Every shilling that can be saved now from national expenditure and devoted to the relief of taxation will come back in revenue in future years in larger receipts from more prosperous industry. ’ ’

Declaring that sterling would, soon stand at the full gold value, Mr McKenna said this would have a good moral effect, as the fear of being again forced off the gold would be a salutary check on extravagance.

OIL FOR, STEAM

ONE METHOD OF ECONOMY. W LONDON, Feb. 11. In a. remarkable discussion at the Society of Arts, Sir .Tames Fortescue Flanni'ng urged that the Diesel engine would shortly entirely displace the steam boiler at sea. No type of maehinerv lent itself more thoroughly to standardisation, and present developments towards advanced standardisation would encourage the general use of Diesel machinery for navigation. liOrd Invernairn. in opening the discussion, said if the Navy substituted Diesel engines for steam, it would effect an' economy which would make the Chancellor of the Exchequer’s mouth water, anil extend the range of light cruisers from 4000 to 12,000 knots. The Japanese Ambassador agreed that great changes were imminent, and stressed the necessity for Japan to secure a supply of oil.