THE HOUSE OF COMMONS

Otago Daily Times, Issue 21940, 29 April 1933, Page 9

THE HOUSE OF COMMONS

BUDGET DEBATE CONTINUED MR AMERY’S CRITICISM (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, April 27. Mr L. S. Amery, in the course of the Budget debate, while welcoming the reduction in taxation on new capital issues, said he wished that the whole system could be recast, giving preference to investments within the country. He believed that a sugar taxation system could be made to yield an additional £12.000,000 without hardship to the consumer, at the same time abolishing subsidies. They had deliberately thrown away the chance of raising substantial revenue by the taxation of foreign meat, and were now negotiating a treaty which would probably preclude them from doing so for years to come.

RESOLUTIONS AGREED TO,

LONDON, April 28.

(Received April 1 28, at 9 p.m.) In the House of Commons Mr Jack Jones (Labour) caused a roar of laughter by describing this as a ” Beer and Bunk ” Budget. Mr Neville Chamberlain, replying to the debate, claimed that there had been no serious attack on the Budget from any quarter of the House, Mr Amery, almost alone, maintaining that the Chancellor ought deliberately to have unbalanced the Budget in order to take something off the income tax, and this at a time of extraordinary difficulty. The Government had made the best use of the resources available. He deprecated continual pessimism, and personally he believed that the country had the greatest prospect of regaining some of the £304,000,000 of foreign trade which had disappeared. The improved prospects were due to what Mr MacDonald had done at Washington -in encouraging international collaboration. The House agreed to the Budget resolutions.