Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1914-11-18
David Lloyd George, Chan
cellor Of Exchequer, Gives
House Of Commons EST
mate Of Probable Cost of
Immediate Expenditure
TO DOUBLE THE
INCOME TAX
However. Collection Would
Be Made on Basis of One
third of Present Income.
Beer and Tea Paving
Their Share

| LoNDON, NOV. li.-DaV1d Lloyd
George, chancellor of the exchequer,
| in the house of commons. estimated
/ England to be $3.50, 100000, the
| largest amount England ever spent
| for war and more than twice what
was spent for the four years con-
| flict in South Africa. To pay the
enormous bills of the government it
was decided, it was said, to raise
loan of s1,75O,0oO.OOO which will be
issued at IS, to bear interest at 1-2
per cent, redeemable at par on March
l, 1928.
The chancellor proposed and the
house unanimously supported him,
that the income tax be doubled, but
only collected on one-third of the
income of this year; and that the ex-
ira half penny Zone cent? per half
pint be levied on beers and the ex-
ira three pence (six cents) per pound
on tea. He explained that the expen-
diture on the British troops would
be higher in proportion than that of
any other country in the world, as
the pay and cost of the army and
navy are greater; there are separate
allowances to the men and their fa-
miles and pensions are on a greater
scale. Already 100000 are serving,
and another million are in the course
of enlistment
Five hundred million dollars of the
new British war loan of $3.50, 100000
have already been taken by one firm,
it was announced today in the house
of commons by David Lloyd George.
The country, said Mr.. Lloyd George,
is fighting an enemy that would not,
without a smashing defeat give in
to any terms which Britain could
prudently offer.
Whether the war is long or short
lit will be necessary to settle once and
for all the great question which has
so long been the cause of irritation
in Europe After the war there would
be d period when an enormous de-
mand would be made upon the manu-
featuring resources of this country
which will be followed by one of the
most critical industrial situations the
nation has ever confronted 1t is
therefore desirable that as much
money as is possible should be raised
by taxation during the period of in
| flation, so as to reduce the per-
manent burden of the country He
would be committing an unpardon
ha ho did nn
take the earliest opportunity to en-
able people who could not fight to
contribute towards carrying on the
war. This war will fail in one of it's
chief purposes if it did not lead to
an all around reduction of the inflat-
| ed cost of armament The govern
ment proposed to levy no taxes that
| interfered with any productive in
dustry.
Mr.. Lloyd George said the govern
ment had also decided for the pres
ent not to tax the wages Of the class
es not paying an income tax.
| He said it was scarcely realized that
] 2, 900, 900 men are now serving the
country under arms and he confident
| ly expected this number would be
| increased in the next few months to
| 3, 900, 900 men, which. he added, would
entail the payment of separation
allowances amounting to $375,00O,0OO
this year.
| Incidentally, the chancellor of the
exchequer estimated that the full
year of the war cost at least $2,250,-
| 100000. This is infinitely greater
| than the cost of any war in which
Great Britain has ever engaged. The
largest amount ever before spent on
| war in a single year was $35O,OOO.-
| 900.
Mr.. Lloyd George refused to specu-
| late as to the length of the war. 1t
might be shortened or heightened, he
said, by accident, but he was bound
as the prudent chancellor or the ex-
chequer to estimate for a longer
period He emphasized the statement
that the nation should raise as much
money as possible.
| The chancellor told his hearers that
| this was a time of sacrifice.
RELIEF SHIP ARRIVES