Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1915-09-23
new ENGLISH TAX
HITS FREE TRADE
Great Britain Forced to Impose
Tariff Charges to Meet War
Debt-Other Revenue
Plans Offered.

London, Sept. 23-The present radical
occupant of the chancellorship of the
exchequer, Reginald McI<enna, has
to some extent to the principles of
Joseph Chamberlain. He was compelled
to half mast the free trade flag and
replace it by an embroyic representa-
ton of a tariff reform banner in in
PRODUCING in the house of commons the
largest budget on record.
The total additional revenue to be
raised from the various new sources OF
income, it is estimated, will yield about
E37,400, 600 sterling, or about S190,000.-
900 per year.
Faced with huge bills for war and
ordinary expenditures, aggregating in
the neighborhood of 100000 pounds
($25, 200, ,000D daily and bent on raising
a large sum toward the current cost of
the war by taxation. apart from loans,
the chancellor proposed a sweeping in
crease in taxation. He went beyond
the customary sources of revenue, such
as the income tax, tea and tobacco, in
to the wider field of revenue, raising
advocated by the great tory statesman
who resigned office to prosecute his
tariff reform campaign.
Fiscal theories must go by the board,
Mr.. McKenna declared. The chancellor
was actuated by the two fold principle
of raising additional funds and en-
forcing economy on all classes by
means of taxation.
Tax Motors, Films, Etc.
tax Of 33 1-3 per cent a6 volorem
on all imported motor cars, bicycles,
moving picture films, clocks, watches,
musical instruments, plate glass and
hats, also was put forward by the
chancellor.
MI, Koppa'c nneDinp captapca loft
no doubt as to the drastic character of
the measures he was to take.
II ask the house." he said, ito
sanction great unprecedented burdens.
/ am confident that if the proposed
taxes are assented to by the house they
will be accepted by the country"
Emphasizing the difficulty of franz
ing estimates in time of war. Mr. Me-
kenna gave the revenues and expendi-
lures as accurately as he was able to
do. He said the revenue for the cur
rent year would be 2T2,00000O pounds,
and the expenditures 100000 pounds.
"Our national wealth is great" he
continued, "and this debt will not Grip
pie our resources, but we must not
overlook the strain which such an cx-
penditure will impose on our sources
Of supply. 1t will be necessary to bor-
row again"
Increase Sugar Duty.
The chancellor also proposed an in
crease in the duty on sugar to 9s, 4d
(2.24) per 100 weight. An all around
increase Of so per cent in the duty on
tea, coffee, chickory, tobacco. dried
fruits and other articles was suggested
and also an increase Of 10 per cent on
patent medicines.
Another source of revenue is to be an
increase in postal rates. which is ex-
pected to bring c4.975,000 (s2.,s75, ,OoO).
The chancellor plans to abolish the half
penny postage and to impose additional
charges on the telephone and tele-
graph message.
Referring to the gigantic total of ex-
penditures the chancellor said the navy
was costing e190,OOO0oO and the army
G715, 100000. The country also had to
bear external advances amounting to
e G423.000.000 The total daily rate of ex-
penditure would be upward of a4,5O0,OOO
and in the latter part of the year might
rise to G5.000,000.
Ordinary services. he said. absorbed
f170.0OO, ,00O excluding the army and
navy, but including provisions for the
national debt.