BRITISH BUDGET.

Wairarapa Daily Times, Volume 46, Issue 14103, 22 April 1920, Page 5

BRITISH BUDGET.

PROFITEERS’ HOWL. ANOTHER GOVERNMENT BACKDOWN. (By Electric Telegraph.—Copyright.) (Australian and N.Z. Cable Association) (Received Thursday, 8.55 a.ni.) LONDON. W e dnesday. . The indications are that tlie principal opposition to the Budget will centre on, the increase in the excess profits’ taxi Trading bodies have begun a- xoriuxdable campaign, ■ - > v Mr Terrell, chairman of. the Manufactuerrs) Union, will move the rejection of the tax. It is generally outicipated that Mr Chamberlain is willing to compromise. It is reported in the eilv that he has announced his willingness to abandon the entire increase. • ■ MR ASQUITH'S vrEWS. . I’AimAL APPROVAL. ~ (Imperial News Service.).* ' . LONDON, .Tuesday. ,lu the House of Commons, during the debate ( on the Budget, Mr Asquith declared that the wine duty whs worthless iu view of the. small ye venue itwould produce,yiiid would be the cause of ill-feeling: in the wine-producing countries. .. . . A He emphasised the riye.d. of.;, greater public economy, and criticised the smallness of the provision for the reduction, of the floating, debt.' Otherwise he, ’warmly approved of She Budget./ -;' •■• "-•■ FRENCHMEN &NNOYED. ' .-. ' (United, Service.) '’. ■ ; ' '• PARlS,yWodnesd ay. Frenchmen .point piit—that the Budget proposals .are a jiojjfV'return fqr all that, Francci-has .dpiie ,for- England. It would be better if-Htere-were more wines and ldkS spifithN’'' y ■ . -;--v A LABOUR VIEW. EFFECT ON COST .Oli-LIVING, (Imperial News Service.) i -LONDON, Wednesday. " Mr J. R. .dynes (Labour) lamented undue wartime borrowing, and maintained that none of Mr Chamberlain’s proposals would diminish the cost of living. On the contrary, they! were more likely to intensify the situation. Mr dynes congratulated Mr Chamberlain on his excess profits proposals, but rejected the prolonged scheme for the redemption of the National . Debt, which could be wiped out in a few years by the continuance of a little self-sacrifice. The. /removal Of 'the debt'-would give contentment, not only to the 1 poor, iDitt to rnariy hot classed as poor. ■ Mr J. A. E. Marriott (Coalition Unionist) expressed. ;the - opinion tb;tt -’tlip Budget "would lyaye.. an ..-wlmirable effect in demonstrating to the whole world the country’s confidence in its national finances. Therefore it would re;)ct in a most favourable*’ manner 6n Bfitish credit. SUPPLYJ3ERVTCE. (Received Thursday, 11.30 a.m.) , LONDON, Wednesday. Mr Chamberlain in Jus Budget speech stated that the expenditure in* the supply service, amounted to £758,000,000, whereto muM be added £20,000,000 partly to cover tlie extra cost of unemployment and of the agreement with Australia and New Zealand in regard to Nauru Island, but mainly to provide further war bonuses and bonuses in the public services.