THE BRITISH BUDGET.

Poverty Bay Herald, Volume XXXVI, Issue 11842, 4 May 1909, Page 5

THE BRITISH BUDGET.

HEAVY SURPLUSES FORECASTED

(Press AesitT-By Telegraph— Copyright) LONDON, May 3. The Duke of Westminster, m a letter to the Daily -Mail, jsays : ?■;! would not gi'udge 'the heavy . tax impb&ed on incomes by \the Budget, if a definite ass.urapce regarding the .security, of . the country , by. sea and land Mere forthcoming."' .... /■ I#ord Avebury (formerly . SiV John "Lubbc^k)/ m. a, letter 1 published m the Daily, Mail, declares that .the. general ppinipn ih the City is that the Budget proposals <are unsound and unjust, and that doubtless they will firstly fall with extreme . severity upon the 'rich, but AAnllytend' to lower wages and drive capital abroad, so before lortg the poor will be the greatest sufferers.

(Received May 4, 8.30 a.m.)

. LONDQN, May 3. Mr Lloyd-George, Chancellor ..of the Exchequer, interviewed, stated that the tax, , of -a halfpenny •m the. 1 on the capital \ r alue of the undeveloped land applies to football, cricket, golf grounds and racecourses, ' if. worth £50 . an acre, •but .they escape taxation if. the Commissioner, bf lnkind . Re\*e'nu^ decides thtey come „ imder the ' head of public amenities. . ■■..A'. \ '. ■

Mr C.-F. G. Masterman. Liberal member for West iiam, explained that a phase of the Budget avus. a triumph for Socialism, due to .the misapprehension arising from condensation! of tlie report.

'• (Received iLay 4. 10 a.m.) ■ . ' LONDON, May 3. Mr Philip SnoAA-den, ' Socialist M. P. for' BLackburn, has , estiriyited the surplus; of next year's Budget at from eight million pounds to fifteen million pounds unlcfcv unusually tad trade is experienced. -■,' '* :• .'•■' " _ ' ' ' • . The,' Dsiily .Telegraph estimate's the ad - ditional spirt dues will yield'" seven millions; instead of £1,600,^^