The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-04-12
ENGLAND's BUDGET.
MIR. Goschen Makes a Good Showing
to Parliament.


LONDON, April 1l.-Mr. Gosohen, chan
celor Of the exohequer, presented the bud
get in the House OF Commons to-day. There
was a full attendance of members, and the
scene was very animated. Mr.. Goscheu said
that as traveller Ia ascending a hill fre>
quently fan led that ha had reached the
highest point only 10 tlnd it was not the
top, SO had been for tho past three weeks
his experience with the financial prosperity
of the country. Estimates had been
framed on the theory that the top had been
attained, yet a curve Led onward aud up
ward. Good fortune again permitted him
TO submit a budget show wing a surplus Of
El,6J1 600 This was already due to the
expenditure of the departments, for it was
not to any extent due to an expansion of
the revenue. There had been tune when
he had suffered greas anxiety. During
January and February the prospect was not
bright, but during March it was better, and
this enabled him TO submit u satisfactory
result
CLOSE FIGURING.
In the last budget the estimate Of expen-
ditures was E9J, ,204, ,0JO. The actual expeu-
ditures were sos. ops 900, leaving a surplus
OF 1885, 600 This was a remarkably small
difference between the estimate and the
actual expenditures The total estimates Of
1884 ,0OO,0 900. Total difference In expendi-
lures was only 4l37,000 This statement
was received with cheers
Aualyzing the revenue, Mr..
Goschen said that the customs produced
gl9, 10000. being ESQ, 900 above the sum
calculated upon. 1t was not alcohol thas
caused the increase this year, but tobacco.
The revenue tax from tea was exceedingly
satisfactory. yielding e34, 900 over the eS l.
mate; tobacco produced 80 ,053, 900, being
94lS,OOO over the previous year. All this.
MIR. Goschen declared, proved that wages
had not fallen aud that there was still
widely diffused prosperity among the work.
ingmen. The excise revenues showed
9543, 900 over the estimate The increase in
the consumption OF home spirits was greater
In England than In ireland or Scotland. be-
ing 616 per cent. in England against 3-5
in Scotland and g per cent. in Ireland.
More spirits were consumed than boer
THE ESTIMATES FOR THIS YEAR.
MIR. Gosohen estimated the revenue for
the current fiscal year at R90, AIT 900 and
the expenditures at goo, 1858, 200, leaving q
small margin OF g224 OCO. This will not al
low OF remission of taxation, with the ex-
ception OF a minor reduction in patent
fees, absorbing 95OOOO and the
ling wines from 2a Cd. and Is.
per gallon to uniform rate OF 2s Mr..
Goschen said he held himself responsib ble for
the prudence of the estimates. The mighty
river of the national prosperity still re-
maiued broad, aud he trusted that the va
rious water sheds Of the national wealth
would continue the stream undimlnished
in volume [Cheers.l
The pointless character OF the budget dis
appoints all parties. The conservatives, In
the lobby, did not attempt to disguise their
regret that Mr.. Goschen had presented a
statement containing nothing that would
influence the popular vote In the general
elections. The liberals, who had expected
some coup to attract the electors to the
conservative side, we're pleasantly surprised
by the harmless character of Mr.. Goschen's
statement