THE IMPERIAL BUDGET.
' Large - Estimated DeficiencyProposed Increase of Income 'Tax, also Duty oa Spirits and ■:■■"'Beer,■'■;••■■'■";'.■■■ :\---'. :;-■-:.■-'':\'-:'': >.r The Eight Hon. H. E. Childerg, Chancellor of the Exchequer, delivered the Budget statement in the House of Commons to-day. He announced that the revenue for thepast financial year amounted to) £88,Q50500, and;theexperidi-< ture\ to £8^100,0)30; Sllie reTenue for the current;yfea^he^ esUmatedrat £85,C00,660f' '•aad^tii^ exclusive of the na.Tal and military credit ■of £11-CpC^Go^,:f;Tt<l^stioi«ited deficiency^ at the 1 •end:\-';blf^:tKiß"'-'y'ea.r would be £14,900,000, arid to cover this he pro. posed an increase, of the -Income Tax to eightpence, the duty on spirits by two ■hillings, and on beer by one shilling,' arid also to suspend, the Public Debt Sinking Fund.' ■' ■' ■.',: ■■■ y.'y ' '■ " ': \ /.,; ■/
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https://paperspast.natlib.govt.nz/newspapers/THS18850501.2.15
Bibliographic details
Thames Star, Volume XVI, Issue 5082, 1 May 1885, Page 2
Word Count
116THE IMPERIAL BUDGET. Thames Star, Volume XVI, Issue 5082, 1 May 1885, Page 2
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