STOP PRESS NEWS

Waikato Times, Volume 122, Issue 20463, 1 April 1938, Page 6

STOP PRESS NEWS

BRITISH BUDGET INCREASE IN INCOME TAX LONDON, March 31. The Treasury returns show that income tax brought nearly £10,000,000 above the estimate. Stamp duties, chiefly owing to the heavy decline of Stock Exchange business, fell £5,000,000 below the estimate. The surplus is the biggest for four years. The defence expenditure from the Budget and from borrowing totalled £262,000,000, an increase of £76,000,000 over the previous year. The Daily Telegraph regards the surplus as signal testimony of the inherent strength of Britain’s national economy, but gives the opinion that though Sir John Simon will probably be able to rely on the aggregate tax revenue during the coming year being equal to that of last year he is unlikely to be able to budget for an increase thereon. FASCIST ITALY HERR HITLER’S GREETINGS BERLIN, March 31. Herr Hitler telegrapned Signor Mussolini sincere greetings as Mar9nal of Empire, adding wishes for the greatness of Fascist Italy. OWNERSHIP OF ISLANDS BRITAIN AND AMERICA SUVA, April 1. The secretary of the Western Pacific High Commission states that four Hawanans landed on Canton Island, and have settled amicably, awaiting a diplomatic settlement of the ownership dispute. The liner Niagara reports that British and American flags are flying on the island. l