The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-04-23
HOW IT WILL BE DONE.
y/RCOURT ANNOUNCES THAT THEIR
WILL EA DEFICIT,
But it will be Promptly Met and States How
Millions Can be Easily Raised by
Graduated Scale of Income Tax.

London, April 1.-THE budget was intro
#.duced in the house OF commons today by Sir
William Harcourt, chancellor of the
chequer. Sir William stated that the fact
that the total revenue for the last year
WAS only t507 900 under the estimates proved
the solidity of the national finances, in view
OF the depression of trade. 1t was estimated
mat the expenditures for the coming year
would be f3545S,00o, which will leave de-
felt of f4,52o,ooe. This deficit. he said, would
not be met by either borrowing (cheerS) or
by abandoning the fixed provisions for the
liquidation OF the national debt. 1t was pro-
posed To cover the deficit by appropriating
~ 359, 900 from the sum mortgaged under
the naval defense act, the income tax, an
increase of the death duties and an increase
OF a penny on the pound on the income tax,
six pence per gallon spirits and six pence
per barrel on beer.
Sir William Harcourt spoke two hours
and three quarters. His monotonouS style of
delivering added greatly to the necessary
uullness of explaining i'll detail the govern
ment's complex scheme of reorganizing the
death duties, by consolidating The existing
five classes, the probate account estate
legacy and succession duties into one. which
Is to DE called the estate duty This imposes
IL graduated taxation beginning with / per
cent sums from fl0o to 1900 and ascending
10 per cent amounts of over fl,00U,UU0
y graduated scale is also applied to the in
come tax. Incomes of tl5U are now exempt
from taxation. The bill provides that in
comes OF tlbU year shalt be exempted,
while an abatement of EliO is allowed on
incomes under t4U0 ana an abatement OF tlV0
all incomes under $500. The effec, OF tins
reimbursement VIII be THAI incomes OF 1000
will pay no more under the proposed tax
of pence in the pound than they do under
the existing tax OF pence III The pound:
Sir William contended that the additional
duty on spirits and beer would fall upon
the producer and not affect the consumer.
Reviewing the past year. he showed that the
loss in revenue on spirits had been offset
by the increase III revenue from beer, winch
had exceeded the record by tS,vuU
The chancellor of the exchequer suggest
ed that the INCREASE had been due to the mild
weather.
The savings hangs returns have increased
by tlOO0,000 which was proof that the re
sources OF the waSe-earning classes hau
been enhanced
Mr.. troschen saIG the budget contained as
complicated provisions as had ever been
submitted TO parliament The proposed reg
usIlon OF the death duties, he declared,
would occupy the entire session
Mr.. John }. Clancy. nationalist, thought an
increase of duty on spirits the very last eN-
pedient that ought TO be resorted TO for
the purpose OF meeting the deficit. Whisky,
he said, was the national beverage OF Ire
land and an increase OF duty ON spirits
would be felt keenly.
Sir William Harcourt expressed the opin
ion that Mr.. Clancy had made a mistake.
The annual expenditures per capita for
whisky. he said. was IL shillinSs in Scotland.
10 in England and only II in Ireland: In
view OF the enormous prohts maze by deal
erS in splrltuouS liquors ana beer, 1t was
difficult to conceive of any source Of revenue
less open to objection.
Gibson BoWleS, tory for Lynn Regis, said
that the budget proposed that the rich be
pundered for the benefit of the poor. The
rich were victimizcd because they were de-
sorting the government.
The Lords Passed II.
The house Of lords today passed the Beh-
ring sea bill. the house of commons having
agreed TO the amendments of Lord KIM
barley. secretary Of state for foreign al
FAIRS, including the change in clause seven.
There was no debate: the final stages of the
bill will be taken tomorrow. Clause seven
Of the Behrng sea bill, amended, is as
follows:
"Whereupon any proceeding in any court
against person and ship in respect of any
oIfenSc against the act, it is proved that
abe ship sailed from its port of departure
before the provisions of the award were
known, and that such i person or master
of a ship did not. after sailing and before
yh- alleged offense, become aware of those
provisions. such person shall be acquitted
and the ship shall be released and not for
feited.
I'm Parliament.
London April ll.-Mr. Morton bill to
abolish the power OF the house Of lords
to veto legislation passed by the house Of
commons was read IL the house OF
commons today for the first time. Later
The. bin introduced by Mr. Charles 5.
Roundeu To abolish the representation in
read for the first time.