THE NEW TAXATION.

Nelson Evening Mail, Volume XLIII, Issue XLIII, 22 September 1909, Page 3

THE NEW TAXATION.

- CONCISION '-TO LAND-OWNERS. • : "Sept. 22, 8.5 a.m.) . '; ' „7*7 - ILONDON, Tuesday. _ ■;"' InTthe! House : of Commons in- the discussion- onVthV Income Tax clauses of the -Fihanee:Biri','Mr-Balfour, Leader of the Opposition, recognised: that Mr Lloyd George, Chancellor of"; the Exchequer, was* animated by a desire, to, remedy injustice;--. . "He noted ,Mr" George's admission, that landowners had been overtaxed' for many years. - -Some 'Ministerialists expect that the concession -will have a favourable influence on .the fortunes of the Budget, while Unionists regard it as an act of justice; and a long,. pyerdue, concession, largely .'traceable' to Lord Onslow's representations through the Central Land Association,: which: had proved that many : owners' iwere-. spending a third of ihoir gross income upon their properties. '■: Answering a 'deputation, Mr Lloyd George admited the complaint that the adjustment of landlords' grievances cost £3,000,000 annually. Among many bankers expressing opinions unfavourable to the Budget, are Mr W. M. Campbell, Governor of the Bank of England, and Sir R. L. Tooth, Chairman of 'the London Board of the Bank of ; New South Wales.