New-York tribune., 1903-04-02
BRITISH FINANCES.
THE BUDGET SETTLEMENT
Germony's Expenditures = Inquiry
Into Municipal Trading.

Especial - The New--HoTk Tribune by fTencn Nspie3
'ropyrgh'. 1903: The Tribune AssociatiOn9
London April >. a. u.-The Chancellor Of the
Excnequer cannot have any surprise for the
taxpayers in his Budget speech. 1t is generally
conceded that the income tax payers must be
relieved after bearing the brunt of the war bur
oens for four years ard the hope is expressed
in many Cnionist journals that the exemptions
may be extended so that people OF moderate
means may be favored. Several journals en-
phasize the fact :hat the colonies receiving
the full benefits Of imperial defence without
paying the smallest share Of the expenses. out
they neglect to demonstrate the value Of MI
Brodrick's six paper army corps. one OF whlch
was alphabetically organized yesterday some
where within telephone call OF Charing Cross.
although not a battalion has been discovered
The staff however, VIII be in a favora BILE posi-
tion for keeping the military expenditures at
high level Another line Of comment in the
English press is the necessity for restoring the
balance between direct and indirect taxation
Many experts contend that even with the in
come tax Hghtened the preponderance of direct
taxation Will be too great, and that the in
direct taxation must not be relaxed This will
not be the ordinary course The procedure In
The natural order would be the reduction OF the
duties on tea and threepence off the income
The gigantic plan OF the Land bill for the
generation OF ireland is not TO stand alone The
Chief Secretary announced in the House OF
Commons yesterday that two captains Of IN
dustry-Lord Iveagh, the br-wer. Of Dublin.
and Mr.. PirTie. the shipbuilder, OF Belfast, are
10 undertake great scheme Of transport de-
velopment throughout the whole country. wita
the view Of aiding the revival of agrarian and
industrial undertakings. They have been led
70 propose this generous plan by the new spirit
of good will which prevails throughout the whole
island. and hope of profit enters their calcula-
tions. The government will assist the improve
rnent Of transit with money given to Ireland
an equivalent TO the English education grant.
Clifford sifton, Canadian Minister Of the In
terror. who has arrived in London in connection
with the Alaska Boundary Commission, has
taken up his quarters at the Hotel Cecil. and al
ready begun, in cooperation with the Foreign
Office, 70 prepare the Canadian case. The pre-
1i11inary meeting Of the Boundary Commission
viii be held in London before May 2. In all
probability the commission Will not actually
begin the inquiry until early in the autumn
A report has been received by the Foreign Of
fee from the British Embassy in Berlin on the
estimates Of the German Empire for 1903
Revenue and expenditure balance at f123,-
2zs636 an increase Of 100000 over last years
figures. Army expenditure is put down at
z32, 500. .92S. nearly 100000 under the British
estimate. memorandum accompanying the
estimates attributes the unsatisfactory state Of
the finances TO continued commercial depression
and also to temporary loss Of revenue from re-
cent alterations made in the legislation respect
ing sugar in Germany so as to accord with the
provisions Of the Brussels Sugar Convention
A select committee Of the House Of Commons
was appointed yesterday TO consider the question
Of municipal trading. Notwithstanding the op-
position Of the Radical members, who main
tained that parliamentary inquiry would dis
credit and restrict municipal enterprise. The
Prime Minister urged that the inquiry was
necessary. He said the government could not
look with absolute confidence upon the future
OF the enormous commercial enterprises under
taken by municipalities Municipal trading was
a very interesting and important development
Of modern rfe and IL was absurd to refuse an
inquiry when desired by large section OF the
public
Cambridge rounded out her phenomenal rec
ord Of superiority IN athletic sports by the easi-
est possible victory in the university boat race
Oxford had the choice Of positions, but one sta
ton was as good the other. The Oxford crew
was in excellent condition. and made one or two
spirited spurts but, notwithstanding superiority
Of style and form, was outclassed by Cambridge.
Oxford was beaten from the outset, and Cam
bridge might easily have heightened her lead
AT the close Cambridge rowed with remarkable
steadiness and there was an abundance Of leg
power behind the long stroke. There were two
more Etonian oars IN the Cambridge boat than
IN the oxford boat, and much heavier and
r-ore experienced crew.
Stanford Newell. United States Minister al The
Hague has returned TO Holland, after making
flying visit to London to zee ]. J. Hill, who
sailed yesterday from Liverpool by the White
Star Lines boat. N =.