THE BRITISH BUDGET.
London, April Hi
Sir Michael Hicks-Beach, Chancellor of the Exchequer, delivered his Budget speech in tho House of Commons to-day. The Budget discloses no fresh taxation proposals. The surplus is to be expended on education and in the relief of agriculturists. April 17.
In tho course of his Budget speech in tho House of Commons yesterday, Sir Michael Hicks-Beach, Chancellor of tho Exchequer, said they had had a wonderful year. Tho receipts showed a total of qqol ,074.,000, and the expenditure amounted to .£97,7(51,000. , . , The surplus in hand was the largest tor--70 years. The National Debt had been reduced by £H, 000,000. Ho estimated tho revenue for t.ie next year at A 101,775,000, and tho oxpedituro at A 100,01-7,000. The surplus would bo applied as follows : —To preventing the levying of double
death duties, <£200,000 ; to reduction of land tax, <£100,000; to relief of agricultural rates, <£975,000 ; to education, £ 1:53,000.
The whole of the present year’s surplus, he added, would be devoted to the Navy. London, April 19. First-class investment stocks are firmer, owing to the Budget. Consols are quoted at 112.
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Bibliographic details
New Zealand Mail, Issue 1260, 23 April 1896, Page 37
Word Count
185THE BRITISH BUDGET. New Zealand Mail, Issue 1260, 23 April 1896, Page 37
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