A DANGEROUS ROAD

Poverty Bay Herald, Volume LV, Issue 17236, 16 April 1930, Page 5

A DANGEROUS ROAD

THE BRITISH BUDGET EXPLOITING THE WEALTHY (Ki.'C. Tel. Cojiyilghl-- United Pros;-: Assn.) LONDON, April 1:1. ' The responsible section of the press regards the Budget as increasing the burdens of industry and stresses the drain on the capital resources of the not ion. The Times says: “The Budget, like (he speech, is essentially uviimagina rivo. If does* not reveal a single new idea and will deepen the disquieting impression that the wealthier section of the community is merely being exploited bv the Socialist Government in order to provide expansion of social services.” The motor industry welcomes the retention of the McKenna duties. Although the expected relief from (he horse-power tax lias not materialised, the industry generally is relieved at the fact that there is to be no further taxat ion. The Daily Telegraph says: "The Budget is another step on the dangerous road where three-quarters or seven-eighths of the community will be enjoying full political power and complete control of the expenditure without personal contribution to the revenue except through the consumption of tobacco, spirits, beer and a few food commodities.”