IRISH BUDGET
SURPLUS OF £16,000 REVENUE IN EXCESS OF ESTIMATE DUTY ON NEWSPAPERS (United Press Assn.—Telegraph Copyright.) (Rec. 5.5 p.m.) Dublin, May Ilin introducing the Budget in the Dail Eireann the Minister of Finance, Mr Scan Macentee, foreshadowed a surplus of £16,000. He claimed that Ireland was unique among the nations, having extinguished its floating debt and reduced unemployment. The reduction in external trade owing to the British duties had been more than offset by an extraordinary expansion of domestic commerce. The Free State had rid itself of the burden of £92,000,000 unjustifiably imposed by a secret agreement with Britain in 1923. There had been no drying up of revenue, which exceeded the estimates in almost every significant item. Numerous tariff increases include two-fifths of a penny duty on imported daily newspapers. Mr W. T. Cosgrave said trade had contracted by 25 per cent. The economic war would apparently continue for all time.
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Southland Times, Issue 22013, 12 May 1933, Page 7
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153IRISH BUDGET Southland Times, Issue 22013, 12 May 1933, Page 7
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