New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-04-25
THE NEWS FROM ABROAD.

Mr. GLADSTONE EXPLAINS THE BUDGET.
LONDON. April 24-In the House of Commons
this afternoon Mr. Gladstone introduced the
budget In his speech explaining it he referred to
the growing expenditure and sluggish revenue ana
70 the slowness of the recovery of trade, eS-
pccially far as its action upon revenue was con-
ccrned. He said that he could not recommend the
abolition of the duty silver plate, because the
drawback would be too great for the revenue 10
bear but he admitted that 1t was desirable 10
abolish the duty as soon as possible. Inc chahec
in the probate and legacy duties. Mr. Gladstone
said had worked exceedingly well, hut the proceeds
had been less than it was expected they would be-
The receipts from the beer duty had taen short of
the estimate by goo, 900. Mr.. Gladstone ex-
planned that CT 400, 900 of the increase in cxpendi
ture was due TO special charges on account OF the
Indian and rransvaal wars. The actual surplus OF
revenue over expenditure for the past year was
e352, 900 The revenue from tea had increased in
late years. but not the revenue from coffee. 1t IS
proposed to prevent the adulteraton of coffee with
any other substances than chccory. Mr.. Gladstone
attributed the dminution of the revenue from
alcohol TO increased savings by the people.
Continuing, Mr.. Gladstone said the condition OF
ira ic could not be called unsatisfactory, but the
effect of its Improvement upon the revenue OF the
country was sluggish. He attributed the symptom
not to dimunion Of the resources OF the country,
but to the absence of those extreme prices which
marked the previous period of prosperity The total
expenditure for the last year, including supple
mentary estimates, had been computed at
eSG 100000 The actual expenditure was
fs5 i72, ,OOO or f7lS 600 less than the estimates
But comparison of the expenditure of losl-eZ
with that of 1SsO-s1 was more serious, as 1t
showed an augmentation of over G., 2,25O,0OO. The
total revenue which had been estimated at
eS5 10000, had actually been fs5,o22,0OO.
The surplus Of revenue over expenditure
was thus e3jOOOO. The expenditure for the coming
year was estimated ut fS4,G3O,OOO winch would
include tlSO,OOO added pay for the forces III
Ireland, 800 600 on account of Cyprus. etc. Ihere
relief OF f2,250,OO0 in war charges ana
thus the estimates of expenditure would nave Deen
still further below those of last but for certain
perm 'ncnt increases such as an increase OF
EI5O, 900 required for lrsh votes, including those
for police resident magistrates and the land courts,
and increase of E1O7 900 for charges on account
OF postal ec- -raph~, and another oi $50, OOO for re-
ductOn of the debt.
Mr.. Gladstone regretted the growing popular IN
difference in regard To increase OF expenditure. nc
thought the system OF framing estimates on tle soio
responsibility OF the Ministers ad not WOIheu SAT-
isfact rly. The Americans, he salu. had SHOWN eA-
traorduary vigor and fortitude III reducing thelr
dent and in bearing heavy taxation Tor that pur-
pose. He thought our modern history was hardly 50
ere iitable. Ihc revenue for the coming year was
estimated at fS4,93jOOO, thus showing an esti-
mated surplus OF 300 900.
Mr.. Gladstone said the meagreness OF TINS surplus
was such that he had 10 abandon the nope OF great
financial TeadllStment III connection With lnc
Comfy Government bill,and IN order to fuhl prom
ises in regard to the readjustmen OF tine highway
RATE he proposed to raise 12oOOUO more ny
slight increase OF the carriage duty. lns WAS the
ouiy novelty in the budget.
When ueaiug with the details of the revenue Tor
the last year, Mr. Gladstone quoted statistics SNOW
mo mat IN iS79-'sO, 5I per cent of the revenue
was raised from alcohol, whereas durng the last
wear only l3 per cent was realized from tlat source
Meanwhile, although wages were lower than Ill the
very prosperous year OF 1872 the deposits III saw
inns banks were larger. ne stated that the Ma
tIJnaI debt had been reduced by tIlOJooO dnilhg
thn wear Mr.. Gladstone concluded by assuring the
House aud the country that he had concealed
nothing. -, . , II lofor cri+- -
icl,m ON the Budget and the speech.