The Financial Debate.

Thames Star, Volume XXIII, Issue 6916, 24 June 1891, Page 4

The Financial Debate.

LIKELY TO BE PBOTEAOTED. [Br Telegka-i'H—Special Cokkesfondent.] Wellington, Last night. j The financial debate, which commenced this evening in the presence of crowded galleries and a full house, is likely to ran vroil into next week. The- Hon. Mr Bryco began with unwonted vigor, but slackened off materially before .getting through. He claimed that the surplus was inherited from the lato Gorcrnme-ifc, and unsparingly condemned the taxation proposals. The principle of tho graduated Land Ta^: was unsound, snd calculated to drive capital away. ■ Tbe Minister for Education followed, acd spoke with loss fjjppsncythun hitherto. Ho assured the House that the Land and Income Tas would jield the necessary revenue, and fiivo. an ample margin, Tho taxation proposals bad the mark of prudence to commend theta, inasmuch as they did not come into force fo? nine months, thus enabling tho Sffpesaary machinery for raising re.veauo, to bo perfected, fa eonoittsion, he claimed that every Liberal true to the trust imposed in him would support tbeG-oyeraifieni policy and carry it out in its entirety. Mr McArthur's rising was signalled by the retirement of £raany members to tho lobbies. The hon. gentleman warmly defended tho administration of Sir 11. Atkinson, to whom the credit ol the surplus shown in the S^tesaieut really belouged.