New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-09
BRITISH BUDGET TODAY.
ANXIETY OVER THE MEANS OF MAX
ING Up DEFICIENCY.
EARL OF KIMBERLEY's DEATH-CoMMAND
OF TROOPS AT RONATfON-LACRossE.

EARL OF KIMBERLEY'S DEATF-COMMAND
OF TROOPS AT CORONATfoN-LACROss
Copyright: 1909. by The Tribune Associattono
rspecta1 70 The Tribune by French Cstle.l
London. April 9. l a. rn-The Budget Is to be
introduced to-day. and there is considerable
speculation as TO its nature. Everything points
IN -he levving Of duties on some imported arti-
clas which have hitherto esca ped impost The
timber trade is disturbed by fear that Sir Mich
ael Hicks Reach intends to mulct foreign TIM
her but the rumor does not find much accept
ance in the Parliamentary lobby. Income tax
PAYERS are dreading tomorrow. 1t is such sim
ple finance TO meet the deficiency in the Budget
by taxing money which people earn. and Sir
Michael Hicls-Beach has yet TO prove hiihseii f'
financial genius
A prevailing impression is that some addition
will be made to the duty on bounty produced
sugar and the Chancellor of the Excheduer is
being urged TO grant at the same time a rebate
in favor of West Indian sugar There Is almost
certain to be n new loan. and the general opln-
ion in the city is that II peace Is in sight an
issue will be likely to take the form OF Trans
vsal loan. guaranteed by the government but if.
on the other hand. negotiations should break
down. an issue of consols or of exchequer bonds
is anticipated.
The present large balance in the exchequer
renders the government independent Of imme-
diate financial assistance. while the conditions
Of the money market are not such as to offer
any great inducement for an immediate fiotation
Of big loan.
The passing of the who made Kimberley
famous has been quickly followed by the death
of the man TO whom the Diamond city owed
its name The dead Earl was Colonial Secretary
when Kimberley added TO Cape Colony,
thirty years ago. 1t was previous TO the an
nexation known the New Rush. Lord KIM
berley was also Secretary for the Colonies dur
ing the last Boer war and was largely response
BILE for the restoration of independence to the
Roers Ry his death the country loses one of
i.s oldest and most trusted servants. the LIB
eral party one of its most steadfast supporters
and the House of Lords Of its most familiar
figures.
Last night the House Of Commons returned to
the discussion of the proposed procedure
rules but little progress was made. 1t is be-
coming more and more probable that the gov
ernnent will not be able to achieve all that was
promised in the Kings speech Something Will
have to be rubbed off the slate.
The Duke of Connaught, who is the COM
mander of the military forces in Ireland. will
have supreme control over all the troops which
will he assembled here for the coronation.
The Lord Mayor of Cork and an influential
deputation waited J. Pierpont Morgan on
board the Oceanic at Queenstown yesterday ana
asked him TO allow the Columbia to compete for
the Kings Cup and also for the international
Yacht cups in Cork Harbor In July. Mr.. Morgan
did not give definite promise but said that he
would communicate with the Lord Mayor on the
subject Yachting men this side are keen1y
interested in the matter. and it IS felt that the
success or failure of the Cork exhibition may
largely depend Mr. Morgan's decision
Great expectations are entertained Of the To-
ronto lacrosse team, which is due to arrive at
Liverpool to-day. The Canadian players will
come direct London and will go to the Stam-
ford Bridge headquarters of the London Ath-
letic Club before playing their first match next
Monday.