THE ENGLISH BUDGET.
[REDTEE's CABLEGBAMS.] London, April 24. -. Mk. Childers, the Chancellor of the Exchequer, delivered his Budget statement in the Hoifee of Commons this evening. He estimated the revenue , for the ensuing financial year at £85,500,000, and the expenditure at £85,250,000. It was proposed to oon-. tinue the reduction of the National Debt, and £8,000,000 would he paid off. during the year. In order to meet the deficiency arising frorqrthe re-coinage of,' ■worn and light coin, it was proposed to issue gold ten shilling pieces containing ; only nine-tenths the quantity of gold contained in the present half sovereign. The speeoh also announced that it was intended to issue stock bearing interest at the rate of 2f per cent., which wonid be offered to holders of all 3 per cent, consols. No increase of taxation was announced.
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New Zealand Herald, Volume XXI, Issue 7002, 26 April 1884, Page 5
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137THE ENGLISH BUDGET. New Zealand Herald, Volume XXI, Issue 7002, 26 April 1884, Page 5
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