New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-04-30

CREDITS WILL. BE FOUGHT
London. April 29-The Chancellor Of the Ex.
chequer. Sir Michael Hicks Beach read tho
budget statement in the House OF Commons to-
day The balance account for 1S96-'97 shows
the Excilequer revenue to be f1O3 $4,000
Nol0,'M,00D. and the expenditures f101 ,477.000
(SIoI ,3So.OOO. leaving a surplus % f2473,OOO
(S12 36J. COO
The Chancellor Of the Exchequer who was
heartily cheered added that the national debt
had been reduced f7,5s4 900 (s37, ,42O OOW during
the year and that the total value of British
trade during the last fnancial year was $685.
oW!oW &3.690. 100000. an increase Of per
cent He dwelt upon the increased prosperity
shown by this more than by the beer drunk and
the tobacco consumed
Jhe increase in the income tax revenue ex-
ceNded ths estimates by nearly f3.5OOOOO
G17.50o.OOO
The Chancellor or the Exchenuer remarked
'hat a careful estimate was made in 1895 and
that they were bound to make an equally careful
one IN 1897 adding:
ESPECIALLY because warcloud has tust
broken out and no is able to say how long It
VIII last or how far II will extend"
The receipts from the income tax are larger
than evor before
This being Jubilee year" the Chancellor Of
the Exchequcr further remarked. at Is interest
ing to compare the finances Of 1861 with
those Of last year Then the revenue was
f32,50o,o1o Cs2G2, 900. ard now it Is f112.-
oo0,O0o t$5c0G0DG0M Then II per cent Of the
revenue was derived from taxes on commodities;
now only "A per cent Of the revenue is derived
from such taxes. Then the total Of foreign
trade was f125.0oo.0j0 S625000OoO: TOW It is
iI3s 1000 (S3 600 o0o00OM
%,
country now We were the best and cheapest
monarchy IN the world in 1S36-37: Il cost the
nation tJ4 0GO so 60 COO: now I, costs the ma
ton fls5.0o0 C92JOOG)
The total exchequer expenditures FOR the cur
rent year are estimated at flOi 1O4 coo (S555.-
.'ZO.oW). ard the revenue is estimated at f103-
36oWo H5!GNO,WD. showing an apparent sur
plus OF over t1.5oo.000 $500 0OD: but. in view
OF the Increase In tho strength Of foreign navies
the Government intend 10 add half a million to
the naval estimates already presented
we had also very carefully to consider our
position as the paramount Power in South Africa
and decided to make a material increase in the
imperial garrison in that colony. These meas
ures are not taken In aggressive spirit. We
intend to fulfil our obligations and expect others
10 do tho same. For this purpose We want f20O,-
0o0 81 ,OOOOW
Cd to postal and telegraph reform. including the
Of the reduction for Colonial and foreign
postage from 2l2d to ID. per half ounce which
the British delegate will propose at the Interna.
tional Postal Congress at Washington.
The remainder Of the surplus will be devoted
to education in Ireland and scotlard and for the
entertainment OF the Colonial and foreign guests
during the Jubilee celebrations"
Sir William Vernon Harcourt, the Liberal
leader referring TO the s200000 ($1 ,OO0.-
900 set apart in the budget estimates for
strengthening the British garrisons in South
Africa. said this was for policy in
South Africa. which the Opposition was deter
mined to resist
Sir William Harcourt accused Mr.. Chamber
lain Of trying to arouse a war feeling and or
using in all his recent statements "eXasperating
lansuase calculated 70 excite feeling OF racial
haired in South Africa. which, however" he
added, thank God, has failed
Sir William Harcourts remarks were met with
cries Of OH
Continuing, he said the policy OF the Secretary
Of State for the Colonies Intending to produce
racial defeated by the good sense
and feeling Of the people Of Cape Colony and
ne pointed to the adoption of the recent concli-
atory mott IN in the Pa 'ament of Cape Colony
as being condemnation of this war policy, add
ing that he was happy TO say the peaceful policy
was supported by the Government Of Cape
Colony.
The Secretary Of State for the Colonies Joseph
Chamberlain. here entered the House and, amid
cheers. Sir William Harcourt remarked
In the presence of Mr. Chamberlain repeat
that 1t was defeat OF utterly unjustifabe
attempt TO excite -feelng. When we are asked
TO refuse a reduction of taxes OF Great Britain
in order to contribute money 10 promote war;
like, aggressive operations in South Africa (cries
OF oh, Oh.) oppose most determined re-
sistance. The proposal to apply money to un-
justfable purposes against the viii of the peo-'
pie and Government Of Cape Colony Is Of
the most injurious things with reference to the
tNnnft fa1 fA hn 81
mons
Mr. Chamberlain said had not expected to
have to reply to such pernicious and danger.
Gus language" He classed Sir William Har.
courts utterances being ''unpatriotic In the
highest degree, embarrassing to the Govern.
ment and injurious to the cause OF peace"
Continuing, Mr.. Chamberlain asserted that Sir
William Harcourts statement 10 the effect that
the Governments policy had been rejected by
the Cape Government and people was absolutely
Inaccurate The policy Of the Government, he
explained had not changed from the first
Only circumstances had changed, TO some ex.
tent The Governments policy, Mr.. Chamber
lain added is to maintain its obligations. not 10
engage In any aggressive operations to
tack the independence OF "A friendly State, but
Ito maintain our own rights and the rights OF
the nation.
Il had hoped" continued Mr. Chamberlain
that policy wodld continue 10 be non-parti-
SAN but that hope has disappeared in the face
IF Sir William Harcourt's speech. and I now
challenge him to raise the issue. Cheers and
counter-cheers) Are the Opposition prepared to
take issue with when say that, while
we intend to observe our own obligations. we
intend that obligations toward shall also
be maintained? The question between us and
the Transvaal Is not Interference In the internal
affairs Of the Transvaal. nor an attack upon the
London Convention upon our part. but breaches
OF the convention upon the part ~ the Trans
vaal. and we are calling upon them In friendly
terms to give us satisfaction"
Sir william Harcourt here interrupted Mr.
Chamberlain by remarking;
You are asking fer f2pnpO"
What norsense,' exc aimed Mr.. Chamber
lain, hotly Prolonged cheering greeted the
sharp answer OF the Secretary OF State for the
Colonies. who continued;
I'VE ask for f200.0)0 when every body knows
the Transvaal Is asking for million, and for
hundreds and hundreds OF thousands The