IMPERIAL POLITICS

Timaru Herald, Volume XIIC, Issue 14040, 25 October 1909, Page 5

IMPERIAL POLITICS

THE DEVELOPMENT BILL. Press Association-By Telegraph-Copyright LONDON, Oct. 22. The House of Lords passed the Development Bill through Committee. Amendments were made to secure Parliamentary control bftbe bureihicracy, and delete an arl-embra'cing "phrase allowing money to be spent for any economic development. Received 5;5 p.m., Oct. 24th. EARL LOSING MONEY. LONDON, Oct. 23. At a Budget protest meeting at Salisbury, the Earl of Pembroke declared that he had rteySr jhgide one penny profit but.-of -his ..-40,000 acres estate in Wiltshire. . Had he the value of the estate in Consols ii<B would have been a rich man. He addied that the Government had singled but landlords for special taxation because they opposed the Liberal politics. BUDGET REVISION.

CHANCELLOR^' STATEMENT

LONDON, Oct. 23. In the House of ConimehSj Mr Lloyd George, the Chancellor, made a revised Budget Statement. He announced that the concessions in,income tax had cost £300,000; licenses, .£500,060; the decrease in the spirit duty £BOO,OOO, and the extra cost of land valuation £200,000. Tlie local share in the future increment rtf jland tax would be £300,000. The death duties gave an increased yield of £1,300,000, stamps £225,000, and the land taxes £IOO,OOO. A net deficit of £225,000 would be met by taking a further half million from the sinking fund.

Mr George attributed the 'increase in stamp duties to the boom on the Stock Exchange, and declared that all the taxes were doing well except the tax on whisky, which in some districts had decreased 30 per cent. ' The distillers had greatly reduced their reserve stocks, owing to the uncertainty of the' : Budget prospects. Mr Austen Chamberlain said that the diminution in whisky dutias had proved that the Chancellor was too greedy. He asked whether the supplementary estimates included money for Dreadnoughts, and denied that there had been a boom on the Stock Exchange. MR O'CONNOR OPPOSED. SPLIT IN A CAMP. Received 5.5 p.m., Oct. 24th. LONDON, Oct. 23. The Sinn Fein organisation is opposing Mr T. P. O'Connor's'mission to America to raise funds for the parliamentary party, on the ground that it means the authorising of the party which is in pawn in purely English politics. The East -Marylebone Unionists and the Conservatives, despite the executive's decision and Mr Joseph Chamberlain's letter suggesting that Lord Robert Cecil be unopposed, adopted the platform of Mr Richard Jebb, as the tariff reform candidate.