THE FINANCIAL POSITION.
MR LLOYD GEORGE'S STATEMENT, (Received April 20, 11.5 p.m.) London, April 20. In the House of Commons Mr Lloyd George stated that the realised deficit was £26,248,000, but wlien the arrears were collected the surplus would be £2,963,000. Had the Budget been passed in 1909 the surplus would have been £4,200,000. The land tax arrears were £1,940,000, which would doubtless be collected. He hoped to collect another £23,455,000 in income tax making the actual loss £350,000. The less on stamps would be £600,000. No country in the world and no other fiscal system, could have emerged w> triumphantly from such a severe strain.
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https://paperspast.natlib.govt.nz/newspapers/TC19100421.2.27.2
Bibliographic details
Colonist, Volume LII, Issue 12773, 21 April 1910, Page 3
Word Count
106THE FINANCIAL POSITION. Colonist, Volume LII, Issue 12773, 21 April 1910, Page 3
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