IMPERIAL POLITICS.

Gisborne Times, Volume XXVII, Issue 2614, 23 September 1909, Page 5

IMPERIAL POLITICS.

CABLE NEWS.

THE BUDGET DISCUSSION. United Press Association —Copyright. LONDON, Sept. 21. The Trades Boards’ Bill was read a third time in the House of Lords. In the House of Commons, in the course of discussion on the income tax clauses of the Finance Bill, Mr Balfour said ho recognised that Mr LloydGeorgo was animated by a desire to remedy injustice. He noted Mr LloydGeorge’s admission that landowners had been overtaxed for many years. Some Ministerialists expect the concession to favorably influence the fortunes of the Budget proposals. Unionists regard it as an act of justice, long overdue. The concession is largely traceable to Lord Onslow’s representations through tho Central Land Association, which proved that many owners were spending a third of their gross income upon their property. In answering a deputation, Mr LloydGeorge admitted that be computed that the adjustment of landlords’ grievances would cost £3,000,000 annually. Amongst many bankers expressing opinions unfavorable to the Budget are Mr W. M. Campbell, Governor of the Bank of England, and Sir R. R. Tooth, chairman of the London Board of the Bank of New South Wales.