Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-03-06
Proportion Of Assessment Not Liked
in Great Britain,
WHAT GOVERNMENT ASKS.
Did Not Tax Sugar Lest France and
Germany should be Ohended-
Heavy Hill Of Expense.
IEarly pIspalchesl

Early Dispatched
London. March 6.-The budget seems
likely to meet with considerable criti-
cisn, especially the fact that the IN
come tax Is made to bear virtually half
Of the amount raised by ,he extra tax
alton. Ii has been hoped Ia some
quarters that sugar would be taxed,
but It is understood thai there was
fear Of exciting the suscept0Hities Of
France and Germany b. such a course.
The morning papers give Sir Michael
Hicks Beach but faint praise. The
conservative organs remark that the
budget has been received with s1spi-
cious cordially by the lcadedrs Of the
opposition. The Times says:
"sir Hicks Beach has missed great
opportunity which may never present
itself again. In the present state Of
the public mind he might have carried
the nation with him In a conservative
reform OF the basis OF our fiscal system.
Il Is trivial budget that any school
boy might have drawn up. Nothing
has been done TO widen the basis Of
taxation or TO create new reserve OF
contrlbutory power.
MORE MAY BE NEEDED.
The STANDARD. which comments in the
same strain, calls the budget "timid.'
Ii finds significance In The pointed re-
minder OF the chancellor OF the ex-
chequer that even a greater outlay may
be necessary within the year.
The Daily News and the Daily Chron-
icle warmly praise the budget, express
ing the opinion that Sir Michael Hicks
Beach has faced the situation with
boldness and courage,
All the papers cofnment upon the
Smith incident and give details as to
the somewhat eccentric HE OF the de-
ceased banker. The Daily Graphic re-
fers TO those foreign millionaires who
take pains TO come and die in England
apparently for the sole purpose OF con-
tributlng to the death duties.
EXPENDITURES INCREASED SIX
TINES.
London. March 1.-THE house OF COM
mons was crowded today In anticlpa-
ton OF the budget statement. The re-
port Of the chancellor Of the exchequer.
Sir Michael Hicks Beach, introducing
the budget, shows that an expenditure
OF ei5i 0S2. 900 has to be provided for
In the budget Of ls00-l90l, The state
ment shows that the exchequer ac-
count of lsss-i9O0 would have given a
surplus OF upwards OF R50oO'OoO, but
the supplementary war estimates OF
G230 0O. 600 make the expenditure ex-
coed the revenue by elI1OO0o.
The chancellor OF the eXchequer, after
laying the figures before the house,
pointed out that the country had 70
face q total estimated expenditure, In
consequence OF the war Of no less than
six times as much as had been estimat-
Cd in October last. Against the estimat-
ed expenditure Of El4.0s2,O0O for the
coming year, the chancellor Of the ex-
cheuuer. estimated the revenue on the
basis OF taxation az Gll6 900, or de-
felt Of es7oOo,oOO.
CLOSE OF WAR UNCERTAIN.
Dealing with the war expenditures, he
said the government had made the best
calculations as 20 the amount II ought
20 ask from parliament with the view
Of a successful prosecution Of the war
but Il was impossible 10 be certain
when the war would De concluded, and
the expenditure might be larger. on
the other hand. however, happy
change in the military situation, and
the fact that the season now fast APP
preaching was. IN the opinion Of all the
authorities, favorable 70 Boer opera
tlons, had TO be considered.
lie might be Obliged In July or Aug
ust TO ask parliament for further relief,
but he believed he was fairly justified
in hoping that the intended expendi-
lures would suffice 20 successfully con-
clude the war He estimated the total
war expenditures. including the deficit
OF ei7770O00, at e60.00O.0oO.
The chancellor OF the exchequer char
acterlzed the suggested methods Of
fresh taxation as IN no way impracti-
cable. saying that the government felt
justified in raising a portion OF the war
funds by a loan. but. he added, II was
also justified In calling upon the tax
payers for an Immediate and substan-
tial sacrifice.
HOW TO RAISE TAX.
In THIS connection he thought they
could reasonably anticipate that the
more acute and more costly phases Of
the war would not last long. He asked
the taxpayers TO subscribe 20 the cost
OF the war by an increase OF the income
tax to one shilling in the pound, as
producing an additional e6.5000O0.
Sir Michael Hicks-Beach also said
that In order TO meet q war expenditure
OF 10000, 0o0. he would propose that the
stamp duties on stock exchange con-
tract notes be extended to sales on the
produce exchange; that the beer duties
would be increased a shilling a barrel
OF thirty-six gallons. that there would
be an increase IN the duty on spirits OF
six pence per pound. and tea two pence
per pound.
He anticipated that the above
changes would increase the revenue
el2 $4,000, and he proposed TO save
ei.sso.0e0 by suspending the sinking
fund In relation 10 certain annuities.
He proposed TO borrow The rest OF the
necessary fund. A total Of e4s 900, 900
had TO be raised. Of which eS0O0, OO0
was now In the treasury and G35OO0. 900
would be raised By bonds or stock