Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-13
AWAITING
SNOWDEN BUDGET
Chancellor of Exchequer in
Peculiar Position to Pre-
sent First Schedule.
BY the Associated Press.

LONDON, April 12.--All eyes are on
Philip Snowden, Labor chancellor Of the
exchequer, as Monday, the day for pres
entation of the first budget Of the pres
ent Labor government draws near.
He showed the world at The Hague
that he knew how to say no." and he
has been very firm in repeating that
negative every time Winston Churchill,
former chancellor, has asked him to re-
veal in Parliament his present budget
intentions. Consequently there has
has been q lot Of guessing about what
he intends to do, but very few persons
SnoWden's position n peculiar. Po-
litical necessity demands that he shape
his budget with one eye on Liberal party
support. Financial necessity almost de-
marlds that he, a staunch free trader,
retain some Of the tariffs imposed by
the last Conservative government.
Estimates Give Idea.
AS most of the principal estimates for
the coming fiscal year have been pub
lished, some idea of the financial situa-
ton of the British government can be
cleaned.
It is known that Mr.. Snodwen must
provide for an ordinary expenditure Oh
9S, 9o4, 000, 900, not including the sink
ing fund or rating relief for the new
financial year which started April !,
which Is an increase Of 5000, 000, 900 over
last year. OF this increased expendi-
ture, the financial experts think Mr..
Snowden will be able to effect saving
of $4,000 900 which Will leave him
the formidable task of finding the re-
naming $125, 600 900 by the imposition
of taxes. How he will do 1t Is the ques-
ton eyoryone Is asking, particularly
the Conservative party.
The features of last years budget, in
troduced on April Is, 1929, by Mr..
Churchill, were the repeal of the tea
taxes and the substitution Of special
rates for book-makers' telephones for
the betting taxes.
Fixed Cost Of Strike.
Churchill estimated the cost Of the
general strike and the coal subsidy at
S4OO, 00o, 900, but claimed that the
restoration of the gold standard had
briught about fall in the cost Of nv-
ing equivalent to the remission In In
direct taxation Of $500, 100000 q year
Railway passenger duties were a N'ta
equivalent to this relief. amounting to
$50, SOC, 600, should be used in the de-
Veloping and undermining OF railway
transportation in Great Britain. Church.
hill balanced his budget by setting
of $4,133 100000 In revenue against
an expenditure, including the rating
relief and sinking fund, Of $4,1l2,-
100000, giving a prospective surplus
of $40, 100000. The surplus, did not
ynaterialiEe.
Philip Snowden called it bribery
budget" while Lloyd George labeled 1t
as "electioneering" The day after the
budget was presented to parliament, MT.
Snowden created sensation by at
lacking the debt settlements with
foreign countries and the Balfour note
policy, saying that the Labor party
would hold itself free, II circumstances
arose, to repudiate the conditions Of
the note. Ramsay Macdonald ex-
planned later that so long as he kept
Office there would be no reputation
of debts, pointing out that Mr.. Snow
den had meant nothing more than re-
vision by negotiation.