BRITISH BUDGET.
EXTRA EXPENDITURE.
BUT NO NEW TAXES.
Press Association— Electrio Telegraph— CoDyriehi (Received Wednesday, at 11.35 a.m.)
LONDON, Wednesday. The House of Commons was crowded for the Budget debate..
Mr Lloyd-George, in the course of his speech, said that during the year every domicile of industry had been doing a humming business despite harvest, war, and strikes. In consequence of tho increase in the Navy Estimates, and tho Insurance Act, he wanted an extra £7,500,000, but new taxes were unnecessary . : He was basing , 'his forecast 1 -dn tho assumption that the prospects for tho coming year were the most glowing British triiile had over seen. . He ex-' pectod that the yields from , taxes, costonis, excise arid duties, with £1,000,000 from the Exchequer balances, would give a balance of £185,000 for the new Budget. The revenue was estimated at £195,825,000, and the expenditure at £195,640,000.
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Bibliographic details
Wairarapa Daily Times, Volume LXV, Issue 11648, 23 April 1913, Page 5
Word Count
145BRITISH BUDGET. Wairarapa Daily Times, Volume LXV, Issue 11648, 23 April 1913, Page 5
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