HARD FACTS.
ECONOMIC POSITION PACING BRITAIN. HUGE DEFICIT FORECASTED. Received Wednesday, 7 p.m. LONDON, Feu.' IV. Several newspaper lobbyists asset i, that Mr. Snowden, in the course of a... seventy-five minutes address, warned a party meeting that there might be adeficit in the forthcoming Budget or from £40,000,000 to £50,000,000. He said he was determined to prevent conditions arising which would laiiu . Britain in the position of otner countries which i»ad five or six million unem* ployed. It is understood Mr. Snowden admitted that it is not proposed ts increase direct taxation. Members of the Ministry are reported - to have forecasted that there would be' no change either in the income or super tax leaving the inference that there ' will be .substantial increases in indirect taxation ■ whereanent they recall Mr. Snowden # g( admission at the Guild hall* in October last that he might have to»outrage his'strict financial principles,.
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Bibliographic details
Horowhenua Chronicle, 19 February 1931, Page 6
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148HARD FACTS. Horowhenua Chronicle, 19 February 1931, Page 6
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