BRITISH FINANCE
A GRIM BUDGET OPTIMISTIC ESTIMATES. .Press Association Electric Telefirarfi —Copyright LONDON, Wednesday. 1 ‘ The grim Budget of 1932-33 does not seem destined to repeat the success of the 1931-32 Budget/' says “The Times." “No provision is made for a payment to the United States. The estimates of the cost of unemployment relief are also too optimistic, and the default of the Irish Free State will cost £3,500,000.
“Already, unforeseen charges falling on the Budget total £50,000,000. There is little sign that the yield from taxes will he buoyant enough to offset this.
“No doubt the nation has decided that 1933 must see a final settlement of the international debts, hut addi-, tional economies must also he found if the Budget of 1933-34 is not going to be as grim as the others. The present over-taxation is one of the principal causes cheeking public and private enterprise. ’ ’
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Wairarapa Daily Times, 19 January 1933, Page 5
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148BRITISH FINANCE Wairarapa Daily Times, 19 January 1933, Page 5
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