Arizona republican., 1916-04-05
MORE REVENUE LESS EXPENSE
 A|DS VAR COST
Republican A. P. Leased WireJ

LONDON, April 4.-Faced by the problem of financing for another year a war costing more than G5.0O0,OOO daily, the chancellor of the eXchequer, Reginald McKenna, was met at the outset by two favorable circumstances, namely, that owing to the expansive power of British trade, the revenue for the year exceeded the estimated revenue by 932,000,000, while the years ex- penditure has been G31 1,000,000 below the estimate
 By imposing new taxes on amuSe- ments, railway tickets, matches and mineral wells, and raising a number of the old taxes, including those on war munitions profits, incomes, sugar, CO., cOa, coffee and motor cars, the chan cellOr estimates that he will be able to raise about e65,OO0,O00, which is nearly double what many persons believed he could raise by this means.
 At the close of an able and lucid speech in the house of commons today, explaining the greatest budget in the Worlds history, the chancellor made an interesting comparison with German finances, declaring that while Great Britain was raising more than f 300
 0O0,000 annually by taxation, the sec retary of the German imperial treasury, Dr. Helfferich, will announce a doubt ful increase" of G24.0000O0
 Explaining his financial methods, MT. McKenna indicated his desire to avoid anything requiring new machin- cry for it's collection, which would prove costly and wasteful. Equally he had to distribute the necessary bur dens fairly over the whole community.
 He said he was aware of no historical parallel in other countries for the will lingness displayed by the people of Great Britain to submit cheerfully to the taxation eXactions, but it would be more successful, he added, not to drive
 this spirit of public sacrifice too hard.
 On the question of the general tariff, which has been the subject of earnest speculation in political circles. MT. Me
 Kenna put aside any idea that the government had yet been converted to that means of raising revenue or break
 ing enemy competition. On this point
 he said:
 For the house will have noticed that I have not discussed the question as to whether fiscal duties not properly inn posed might be used for controlling and directing trade in a way advantageous to ourselves and injurious to our en- emes. l and my colleagues are satis- fled that any attempt in this direction would be met by insuperabe prelim- it,n in, q sary machinery to give effect to such proposals.
 "On the whole, the budget was we'll received both Tn the house and by the public The debate following the chan cellors speech was confined to minor members. The criticism mainly con cerncd objections to the tax on matches and railway tickets, the latter on the ground that it would drive the travelling public abroad.
 William OBrien, nationalist. for the
 city of Cork, protested strongly that the new proposals were piling burdens on Ireland which she could never stand.
 The most unpopular of the taxes is | the tax on matches, which will about double their cost. It is recalled that the
 last attempt to place a tax on matches in 1874 by the liberal chancellor Robert Lowe led to such serious riots in Lon-
 donthat the attempt was abandoned. Resolutions authorizing the new taxes and increases were formally agreed to
 Edwin Samuel Montague, chancellor of I the duchey of Manchester. replying to various points raised in the debate, said
 he thought that the chancellor of the
 exchequer was entitled to congratula- tions himself on the fact of his pro- posals, which had been received with
 such gratifying assent by the com | mittee.