THE McKENNA DUTIES
DEBATE IN THE COMMONS. MR CHURCHILL’S EXPLANATION. (By Telegraph.—Press Assn.—Copyright.) (Australian and N.Z. Cable Association.) LONDON, May 8. (Received May 8, 11 p.m.) In the House of Commons in the debate on the report stage of the McKenna duties, Mr Winston Churchill ridiculed the suggestion that the duties raised the question of Protection or Free Trade. The duties were practical measures for raising revenue without injury to industries. The Budget consisted of a series of balances. The silk tax paid for remissions on earned income. The execution of pledges to the Overseas Dominions in regard to Imperial Preference would cost £1,400,000 or £1,500,000. The McKenna duties this year would just pay for this; next year, they would pay for these remissions and yield an additional £1,000,000 which the Government was giving to foster Imperial trade with Britain. Labour amendments were defeated and the report stage on the McKenna duties completed.
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Southland Times, Issue 19546, 9 May 1925, Page 7
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153THE McKENNA DUTIES Southland Times, Issue 19546, 9 May 1925, Page 7
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