The Saint Paul globe., 1901-04-19
MUST Ply IHE PIPER
BRITAIN'S WAR DANCE In SOUTH
AFRICA Is A COSTLY
DIVERSION.
Continued From First Pag..

poor, pay two shillngs per hundred
weight, and glucose, CT which great deal
mas Deen heard lately, and which is used
In the manufacture of jams and aerated
waters, will have to bear a tax Of one
shilling and eight pence. I anticipate
yield Of e5,1S0,0OO from this tax. The
West Indies will not be exempt.
My next proposal is a novel one, un-
known in this country for forty-fiye
years. 1t is an export duty of q shilling
ton on coal. In order to secure a duty
from coal, I am not sacrificing the trade.
The imposition Of q shilling, which Is
infinitely less than the fluctuations in
price, will do no real injury to the coal
trade, even supposing that the export
of. coal is checked. 1 am not sure that
even that result would be an evil From
this source expect G2. SOC, ,O00 making an
aggregate Of Eli 100000 from new tax
alton.
MY final balance sheet will bring from
taxation revenue of e122, ,2C0, COO; from
new taxation, Ell 050,c00, a total Of $14S,-
255, 600. ! propose to reduce the expendi-
ture by again suspending the sinking
fund to &1S2, ,962, 600 This shows a de-
f1cit Of 339, ,707, 600, to which must be added
&1, ,250, 900 for the fresh debt 1 have to
borrow, I must ask the house to
give me borrowing powers to use
AL SctS0 VI Il0 OSdlClL, SS4lOUU,UU, ana IN
order to finance the excheQuer, I ask
powers to borrow EGO, 100000 by means OF
consols. AS to obtaining contributions
from the Transvaal, Sir David Barbour $
reports are not encouraging at present
l think the house will see the war has
brought the country to the verge Of ruin
Opposition cheers greeted this remark).
This can no longer be endured. The
small war has cost a151, ,000 900, double
~ -
G67, 100000 of the unfunded debt redeem
able within the next ten years. have
tried to put before the house a true ac-
count of our finances for the present and
immediate future. In our time no chan
cellor Of the exchequer has had SO diff
cult a task and none has had a more In
dulgent audience. l have not laid pro-
posals before the house with a view to
gaining transient popularity, but have
endeavored to establish principle of
contribution by the whole community to
the burdens of the state.
Sir Michael Hicks-Beach concluded at
GAS .. m., amid loud applause, having
spoken two hours and tWenty-Six min
utes.
Sir William Vernon Harcourt compli-
mented the chancellor OF the eXchequer
on the ability he had shown, saying his
speech was characterized by honesty, q
qualify very muCns ldChlIlS III Iuo COAAuuCI
Of the war, in telling the house and peo-
pie the truth in regard to the budget.
The budget, continued Sir william Yer
non Harcourt was but a chapter in the
disastrous events of the war. 1t was
proposed to borrow altogether G1Z,O~0eOO
more four times as much as was borrow
ed for the Crimean war.
1--WE are living in an age Of newspaper
finance" said Sir William, "and of In
creased expenditures. We cannot go on
without involving this country in t1nan-
ciaa ruin The fashionable doctrine of
the day is conscription and protection;
does anybody believe that this increase
of expenditure is not to go on?'
After the speech Of the chancellor of
the exchequer In the house Of commons,
Mr.. John Redmond the Nationa ist lead
er. asked what interest Ireland had in
the war Which led to this extrao ID nary,
disastrous and disgraceful financial situ-
alton. He protested against fresh taxa
ton, which, he said, imposed great IL
Justice In Ireland, which, as admitted
by the government commission In 1893,
was greatly overtaxed. He condemned
Joseph Chamberlain and the war policy
Replying to criticisms, Sir Michael
Hicks-Beach said there were. valuable
assets in the Transvaal colony, but 1t
was impossible to say, in the present
condition Of the country, what those con-
tributions would be.
At lao this morning Mr.. Balfour, the
government leader, said it was necessary
to pass resolutions tonight whereupon
the house, divided upon the sugar duty.
which adopted, 1873 to 125 The coal duty
was adopted, Hi to 127s