Generally Regarded as Unsensational

Horowhenua Chronicle, 29 April 1931, Page 3

Generally Regarded as Unsensational

THE BRIfisHBUDGET. Received Tuesday, 5.5 p.m. LONDON, April 28. The Budget generally is regarded as unsensational. It pleqsed those who consider an increase in direct taxation should be avoided at all costs. Motorists whoso petrol tax is now sixpence per gallon instead of fourpence, appear to be resigned to the situation. The change in the income tax collections was r H foreseen. The burden of informed opinion sees herein a start towards the restoration of old pre-war practice of a single yearly payment.

Mr. Snowden's raid on the dollar securities fund is described as a clever manoeuvre reminiscent of Mr. Churchill’s raid on the road fund.

The Conservative member (Mr, Samuel), referring thereto, says he has succeeded in balancing the Budget by ” robbing the money box on the mantelpiece.” The Daily Mail says the Budget is neither wise nor prudent. It helps no British worker or taxpayer. The payment of three-quarters instead of half the assessment in January, 1932, will inflict a cruel hardship on thousands of modest homes, seriously embarrassing business.

The Times, in an editorial, says the outstanding features of the Budget are unwarranted optimism, misplaced fertility of makeshifts and a display of the ingenuity of the tax extractor instead of zeal for economy. The raiding of

the dollar exchange will damage Britain, while in view of Germany’s position it involves an unwarrantable task'. The taxpayer is like a dentist’s patient who has escaped from the most painful attentions until the next visit.