IMPERIAL FINANCE.

Gisborne Times, Volume XXIX, Issue 3129, 27 January 1911, Page 6

IMPERIAL FINANCE.

A SURPLUS ASSURED

It is forecasted in Lonckm that Mr. Lloyd George, Chancellor of the Exchequer, will tell an interesting story of healthy revenues Avhen introducing the next Budget. The liquor trade, in the hope that the increased duties would be cancelled by a Conservative GoA r ernment, kept low stocks, and when that hope was shattered the securing of stocks sent the revenue up by leaps and bounds. . The direct taxes on estates and incomes have also exceeded the estimate and a surplus is regarded as assured. It is expected that such .uncontroversial measures as the Workmen’s Insurance Bill AVill be passed during the first session, and that then the complicated relations betiveen local government and imperial finance Avill probably come up for revision by a Ministerial committee, which Avill prepare a measure for next year. . Respecting the proposed Cabinet changes, Lord Morley, Secretary of State for India, is being pressed to postpone his retirement. Lord Chancellor Lorelnirn is also being asked to delay his retirement, as li.is grasp of the constitutional question, and his paAvers of debate, make his retirement, on a score of declining health inopportune.