CABLE NEWS THE BRITISH BUDGET.

Hawera & Normanby Star, Volume LVI, Issue LVI, 21 July 1909, Page 5

CABLE NEWS

THE BRITISH BUDGET.

j»T »L«CTRIC TELEGRAPH. — COPYRIGHT.}

"WINCING," NOT "MINCING." [PRESS ASSOCIATION.] (llsuoived July 21, 8.30 a.m.) LUiNJJOiN, July 20. Lord Lansdowne said that, lie was misi-eported o<n ± ( iiciuy«; that lie said "wincing," not "uiincmg." In the lobby douuts \\&v& expi'essed as to whether Mr Winstoni (JhuirchiH is to ba regardocl as tue spokesman of the Cabinet, tue general utiief merely indicating thai he expres»cd his own individual wkuies regai'ding. tlie Budget. Clause 6 of the Finance Bill has been carried, Mr Loyd-George promising that a very oonsidei*able number of charitable institutions and public organisations would be safeguarded against the increment duty. When clause 45 was discussed later, it was announced that agricultural land would be exempted from the tax oi ten per cent acoi'uing from the leuso-r upon determination of lease. ALL-NIGHT SITTING IN THE COMMONS. (Received July 21, 8.45 a.m.) LONDON, July 20. The) Commons sat until 6 in the morning and passed clause 7 of the Finance* Bill, imposing, except on agricultural land, a reversion, duty of ten per cent upon the benefits accruing to the) lessor. Government allows a reduction in respect of works of a permanent character executed by the lessor.