BRITAIN’S BUDGET.

Waikato Times, Volume 107, Issue 18026, 22 May 1930, Page 6

BRITAIN’S BUDGET.

MOVE FOR REJECTION. SIR. ROBERT HORNE’S. CRITICISM. A LIBERAL CHAMPION. Wireless.) . RUGBY, May 20. In the House of Commons to-night Sir Robert Horne . (Conservative), a former Chancellor of the Exchequer, moved the rejection of the motion for the second reading of the Finance Bill. He said that oyving to the Budget’s heavy additional taxation, industry was faced with increased difficulties in competing successfully in the world’s markets. In social services this country had gone twice as far as any other, and by increasing that expenditure, for which revenue could only come from already overburdened industry, the existence of the social services themselves was threatened. Sir Herbert Samuel (Liberal) in supporting the Bill, recalled that the burden of rate relief left by the late Government’s Federation Act was very heavy, and had been estimated at £24,000,000 by Mr Neville Chamberlain. The present Chancellor was determined to, in this way, meet his obligations; perhaps he was doing more. If ■there was the smallest improvement of trade the Budget was likely to yield a surplus next year, and perhaps a considerable surplus the year after that. It was a tribute to British democracy that the Labour Government had not yielded to .thp temptation to put aside obligations regarding debts. It was a grim Budget, but he thought ; it was not' unjust. ' ' Mr F. W. Pethick-Laurence, Financial Secretary to the Treasury, said the large size of. the Budgetwas mainly due to the aftermath of war. AMENDMENT DEFEATED. MAJORITY OF 76- VOTES. BILL READ SECOND, TIMEJ ‘ ~ . LONDON, May' 2i. In the House of Commons after a long debate, Sir R. Horne’s motion to reject the Budget Bill was defeated by 282. votes to 206. The bill was read a second time.