New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-12
THE NEW BRITISH BUDGET.
MIR. GOSCHEN Announces A SURPLUS OF
s1, ,O67 900.
THE CHANCELLOR OF THE ExCHEoUER ANALYZE:
is STILL WIDELY DIFFUsED PROS
PERITY AMONG woRKINGMEN.

AMONG WORkINGMEN.
London, April 11.-Mr Goschen. Chancellor Of the
EYchequer, presented the Budget in the House Of
Commons to-day. There was a full attendance OF
members and the scene animated. Mr.. Goschen
ssid that the estimates had been framed the theory
that the top had been attained yet curve led onward
and upward Good furtune again permitted him to sub
init budget showing surplus OF 81 ,OOO This was
largely due the eXpending departments, for IT WAS
to any extent due to expansion of the revenue
In the last budget the estimate OF expenditures was
ss0, ,2e4 900. The actual expenditures were so5,-
92s 900, leaving a surplus of s336O00. This a
remarkably small difference between the estimates
and actual expenditures The total estimates OF tX-
penditure during the last three years were s264 o0o.
600. The total difference In the expenditures was
only E137 900.
This statement received with cheers.
Analyzing the revenue, Mr.. Goschen said that the
customs produced 1o,736,ooo, being S36.Ooo above
the calculated upon. 1t was NOT alcohol that
caused the increase this year, but tobacco. The
revenue tax from tea exceedingly satisfactory.
yielding 934 900 over the estimate. tobacco pro
duced s0953 OOJ, being e41s,0Oo above the previous
year. All this, Mr.. Goschcn declared. proved that
had not fallen, and that there was still widely
difuscd prosperity among workingmen.
The excise revenue showed c543.0oO the csti
mate The increase in the consumption of home spirits
was greater in England than in Ireland Scotland.
being IL per cent in England. against 80 In
scotland and l per cent in Ireland. larger
quantity of spirits than Of beer had been consumed.
Mr. Goschen estimated tie revenue for the current
financial year at e9O.417.0oo and the eX-
penditures at 500. $4,000: leaving small margin
Of f224oOO. This Will not allow of a remission OF
taxation with the exception Of minor reduction In
patent fees. absorbing 100000 and the fixing of the
duty on sparkling wines from IS Cd and Is per gallon
to uniform rate Of I'd.
Mr. GoSchen said he held himself responsible for
the prudence OF the estimates. The mighty river OF
national prosperity still remained broad. and he trusted
that the various watersheds Of national wealth would
oontinue the stream undminished In volume. (Cheersl
Mr. Gosohen spoke for two hours. lie announced the
resignation Of Mr.. West. Chairman Of the Inland Rcve
Board
Mr. Gladstone suggested that the House follow the
usual CUSTOM and avoid discussion Of the budget until
tho day fixed for its mature con dcIaton lie hoped
the change OF duty sparkling wines. while bcncht
ting some wine producing countries would not involve
tronbe other countries The resolution concerning
wine, was passed. Mr.. GO~clrn fixed the general di-
c1i.Sion of the budget for Apn' II.
The pontceS character OF tie hu igct dsappoinis al
part!es The Conservatives In the lobby DID not at-
Tempt TO sguise their regret That Mr. G1~cbHn had
presented a statement containing nothing that would
influence the popular vote In the general elections
The Liberals who had expected some stroke 10 attract
electors the Conservative side. pleasantly >lr
pr -ed lv the harmless character Of Mr.. Goichcn's
statement