New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-04-17
ruE NEW BRITISH BUDGET.
, DEFICIT OF f4,jO2,0OO.
WILLIAM HARCOURTs PLAN FOR
MEETING IT
,srs OF THE DEATH DUTIES AND THE IN
.,r TAX AMONG THE MEASURES FRO
posED-MR CLANCY PROTESTS IN
,pr1.,HD.s NAME AGAINST Az AD-

,pr1AND's NAME AGAINST Az AD-
p1TIoNAL Duty on SPIRITS.
,.,aon April 16.-The Budget was introduced
-. uouse Of Commons to-day by Sir Will
"yorc,u,.t. Chancellor of the ExcheQuer Sir
a-ror, stated that the fact that the total
w." .ro for the last year was only f5O7,0oO under
'..,,n,ates proved the solidity Of the national
Nv ,os IN view Of the depression of trade. 1t
" estimated that the expenditures for the
IL, wear would he 1000. which would
'O deficit of a. 5O9 900. This deficit. he said.
,, r. m, he met either by borrowing (cheers)
-. ABANDONING the fixed provision for the
:, 80, of the national debt. 1t was proposed
"".r T. by appropriating f2,S59,oO0 from the
". r,ortgaged under the Naval Defence act by
s'', ,.ooss ~ the death duties and an increase
a. '. .nrv in the pound In the income tax. SIX
Gallon on spirits and slXpence a barrel
on beer. - s .ho,
hours His monotonous style of delivery
49,, oraatlv 70 the necessary duness Of cX-
'",.,,- IN detail the Governments complex
pa,., ~ reorcanizing the death duties by con-
",n,,rr tho existing five classes. the probate
.or,, ' estate legacy and succession duties,
,n'D ms,. ,r,noses graduated taxation. beginning
'"D' = cont an sums from 400 to 1900 and
.a,a,ng to s per cent on amounts OF over
nmo0cO A graduated scale IS also "pp"e" u
-. ,,oor,a tax. Incomes Of $50 are now exempt
..,,, TAXATION. The bill provides that incomes Oh
r;o year shall he exempted, While an "o"'e-
VAN, ~ $40 is allowed on incomes under t4Vo
.nd an abatement Of 100 on all incomes under
,.a The effec, Of this readjustment VIII pe th1' m
.~.n,,as Of 800 will pay no more undei tu' ~
"snj tav NJ pence In the pound thah 'heN uo
YYDdsr thc existing tax Of pence IN ,he pounu.
uue' ny ur.,i,or conteuded that the additional dutN
q, snrits and beer would iaI upon III. -
a. 49, and NOT affect the consumer. NTNle"lls
I,s+ vaar he showed that the loss III revenue
en snrits had been oilse, by the lhcieaSe III
ms from beer which had exceeded me I'cU, u
BY $4,000 The Chancellor oi ihy d,d 80 ne
sss.eS that the increase had neeh Que 20 IN
80 Lnothar The savings banks returns hau
rsased bv Il 600 600 which was PROOF thaI 'nc 'nc
rasources of the waEe-earning classes "du "OV"
enhanced ,-. .,,,at,ed as cor1-
,aa,a5 rrovisiors as had ever been suDii,!' 'su
70 Parliament. The proposed resuia,Ioh ~ o, ero
dan duties he declared, would occupy 'he e"-
tire session. >.,...,i,, thought an in
.oosa ~ dutv on spirits the very last eNpeue'l :
which ought 10 be resorted 20 Tor the pun .ha
roaa,rg fhe deficit Whiskey. he said was me
national beverage in Ireland, anu an '"0io"'' -
du,y on spirits would be felt heehiS' ,,,to,
S;r WilIiam Harcourt expressed the 0plhloh
,ba, Mr. Clancy had made a mistake The an
s~al expenditure per capita for hiskey; ne salu
was ~ shngs in scotland 10 IN f-nelaIr .l,,,s
DroAts made by dealers in spirituous liquors anu anu
baer /, was difHcult to conceive OF any souiOe
If revenue less open TO objection.
cihson Bowles Conservative member for Lynn
MIS- said that the Budget proposed that Inc
n be plundered for the benefit of the poor
Sa rich were victimized because they were de-
srting the Government