"ALL OR NONE."

New Zealand Herald, Volume XLVI, Issue 14188, 11 October 1909, Page 5

"ALL OR NONE."

GOVERNMENT'S NEW TAXES.

SPEECH BY LLOYD-GEORGE.

(Received October 11, 1.5 a.m.)

London, October 10.

In the Palace Theatre, Newcastle, Mr. Lloyd-George (Chancellor of the Exchequer) delivered a speech dealing with the Budget. An elaborate barricade had been erected to keep the suffragettes from the entrances. The audience was composed entirely of men; 4000 being present.

Mr. Lloyd-George was accorded a great reception as he entered the hall. During his speech there were several interruptions, and some of the offenders were ejected.

"The Budget," said Mr. LloydGeorge, has emerged from 40 days and nights in the wilderness much strengthened and improved. •We have done our best to meet hard cases, and the Bill is now practically in the form in which it is going to become law. f V

" The only classes who detest it are the food taxers, who know the Budget will put an end to their desires, and tho landlords, who chiefly object to State valuation which will put a perfectly impartial valuation upon their land and form a standard for a future buyer. The Government is going to have all the taxes or none."

If the Budget was an attack on industry, proceeded Mr. LloydGeorge, it was strange that trade was improving and that industries which were only in the making were beginning to ' make profits. The only slump had been in dukes. (Laughter.)

" The fully-equipped duke," he concluded, " costs as much to maintain as a couple of Dreadnoughts. He is as great a terror and lasts longer. The Budget simply knocked a little gilt off the ducal stagecoach."