Morning journal and courier., 1880-03-12
THE OLD WORLD,
Great Britain.

The Annual Budget-A Deficit i'm the
 Revenue-Explana of the Chan
 ccllOr-Defense of the Foreign Wars
 Gladstone Makes a Vigorous Attack
 on the Government.
 LONDON, March 11.-In accordance with his previous announcement Sir Stafford North cote Chancellor of the Exohequer, submitted the annual budget to the House of Commons today. There was a thin attendance great many of the members having gone to their homes The Homo Rulers were conspicuous ly absent from their seats, only sprinkling of the leaders being present to listen to the dry reading of the Chancellor's figures. The Chancellor accompanied his announcement of the various important items of the budget with running commentary of remarks de- signed to classify or explain them. He said that while he regretted to state that while there would be deficit of s3, $40, 900 on this last years rev5nue, few words would make it plain to the House that this deficit was brought about through an event which was not anticipated when the estimates were sub- mitted to the House one year ago. At that time no one in the country would have been justified in predicting that the war in South Africa would attain the dimensions which it subsequently, reached, nor involve the Treas ury in the necessity for so large an outlay. The cost of suppressing the outbreak in Zulu land had been e5, 13s, 900. At this point ex- pressions of affected astonishment and dismay were heard from the opposition benches. Sir Stafford waited moment until the House had become quiet, and then with perfect coolness repeated his statement and added ''The honorable members can't regret idle expendi lures or useless loss of money when such 6 loss occurs more than m yself but take oc- casion to assure the House that in my opinion the South African struggle was worth all and even more than it cost, even when the item of blood, SO much more valuable than money, is taken into account. That struggle has settled forever the question of British ascendency in South Africa, question which was des-. tined sooner or later to be settled in this man. ner. Beyond doubt we shall have no more se- rious trouble there and an old bone of conten- ton is finally removed from the debates of Her Majesty's Parliament. It has done even more than this. The result of the war has been to open up to the enterprise of our man ufacturers and merchants 8 practical field for the disposal of their goods and the extension of our trade. Moreover, do not hesitate to affirm my conviction that it has opened the way, as no other process could have opened II. the natives of that benighted region, result for which the British nation should count no sacrifice of time, life or treasure too great an offering"
 When the Chan cellor stated that the Gov ernment in it's estimates for the coming year did not find it necessary ts advise the imposi- ton of any new tax, while at the same time did not propose to remove any. (Cheers and counter cheers followed this announcement. The Mberals, having been of the opinion that the Chancellor would be compelled to propose an increase of income tax or some still his deficit, were clearly disappointed by his statement. The Chancellor proceeded to state that his estimates for the past year have been SO far within the mark that had it not been for the extraordinary cost of the Zulu war, he could have shown handsome sur plus. AS it was, the deficit of @. 3.34o, 900 would be met by temporary loans or the issue of exchequer bills during the year, and the anticipated regular revenue would enable these to be taken up and an estimate surplus of GA, 900 left at the end of on to say, would be increased to the sum of E178 900 by the extinguishment of certain outstanding exchsquer bonds and terminable annuities. The statement of the Chancellor, as 6 whole. is regarded as extremely favora- ble. The criticisms made on it in the House after the Chancellor had taken his seat were somewhat acriponious, but it is not believed that the debate upon the budget will be pro tracted, nor the result in any sense weakening the Chancellors position.
 The House of Commons this evening post poned discussion on the budget until Monday.
 MT. Gladstone has issued his electoral ad- dress, in which he says at home the Govern msnt has neglected legislation, aggravated the distress, augmented expenditures and taxa tion, and have plunged the finances, handed to them in singular prosperity, into series of deficits unexampled in modern times. Abroad the Government has strained it's prerogative by gross misuse and has weakened the Empire by needless wars, improbable extensions and unwise engage mentsu and has dishonored England by floh-