BRITISH BUDGET.
“VINDICATION OF DEMOCRACY.”
LONDON, April 18. Commenting in the House of Commons on the British Budget, Sir Herbert Samuel said that the improvement in the finances since 1931 was a vindication of democracy. “We did not need dictators to teach us to put our finances in order,” he added. He was surprised at Mr Chamberlain’s satisfaction over the cheapness of money, which was not a symptom of national health, but of sluggish circulation. The only hope for a revival of the financial situation was the reopening of international channels of trade which the Government was choking bv a policy of economic nationalism. ’the Government should not have rejected New Zealand’s offer of free trade on a reciprocal basis, which would prevent similar future offers. Mr L. C. M. S. Avery welcomed the reduction in the motor tax. His travels showed that the horse tax was the greatest obstacle to the construction of high-powered cars suitable for the Dominions and colonies.
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Manawatu Standard, Volume LIV, Issue 120, 20 April 1934, Page 7
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162BRITISH BUDGET. Manawatu Standard, Volume LIV, Issue 120, 20 April 1934, Page 7
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