1925-04-30 — Page 7

THURSDAY, APRIL 30, 1925.

LABOUR'S ATTACK.

WORST RICH MAN'S BUDGET:"

BURDENS ON INDUSTRY.

STORY OF A PLOT.

Cabinet Minister's Safety.

OFFICIAL SECRECY.

THE CHINA MAIL.

“URGENT. PROBLEMS.

THE SECURITY PACT AND THE RHINE ZONE. CHANCELLOR'S STATEMENT.

Silk Duty a "Tax On the Poor Woman's Stockings" CONSPIRACY TO ASSASSINATE Foreign Policy

Loud Labour sheers greeted Mr. Philip Snowden's charge in the House of Cimmons yesterday that the Budget is "the worst rich man's Budget ever introduced,"

HOUSE LAUGHS.

(Reuter's Service.)

London, April 29.

In the House of Commons at the committee stage of the Budget, Mr. Philip Showden, Chancellor of the Exchequer in the Lab Cabinet, declared that: the increase in the expenditure- was not justified.

Hip Snowden

CHAMBERLAIN 1

(Reuter's Service.) and Leicester, Mr. H. L. Lanca-

London, April 29. shire, Chairman of the Hosiery been

It is reported that a plot has Advisory Committee of the Not-assassinate Mr. Austen Chamber. discovered abroad to tingham Chamber of Commercelain, the Secretary for Foreign pointed out that the tax on raw silk is harmful." He said that!

Affairs, ranufacturers naturally desired!

Official circles in London darline to las manufactures, not the rahut it is not enterically denied to make any statement,at present, material

: BOLD PONICY,

(Reuter's American Service.)

New York. April 29.

3 Winston Churchill's Budget statement is considered a master| ful exposition.

Comments in most glowing| terms are passed on the British derision return to the gol stundarek

The "New York World" con- siders it a momentous event which will thrill the world.

The "Gimes" expressing the plan that it programme of resumption of gold payments is Jikely to succeed because of its) extreme boldness.

MAGIC OF GOLB

New York, April 29 Sterling closed at d 85g. The frane gained three cents on reports that Francs is considering restoration of the gold basis, «

EARLIER CABLES.

London, April 20 The Curate's Egg" may be compared with the results of the most searching analyses of the

The Expenditure in the Navy † Pudget, criticisms of which range should have been mellved instead of increased

The Bidet qart From the scheme of widows pensions, was The worst rich man's Budget eyee introduced. Lond Labour cheers).

Sir" Alfred Mond.

fromF the "Daily Graphic's" "Brighter Brisin Budget to the uncompromising con- demnation of Express,"

the "Daily which refers to

& bad budget burdening, industry through the insurance scheme. which is intolerable in the pre- sent trate depression and be- noaning the sixpenny reduction in the Income Tax..

Mr. Churchill's boldness and} briginality are generally recog- nise, together with the brilliance of his speech. The Financial Times says it is a good budget and healthy tonie for all. Restura- tion of the free gald market will Lring far more permanent pond than possible temporary incon- venigne and is the best thing! pusale in the interests of British credit and prestige.

COMMENTS OF THE PRESS. The Times" suys that Mr. Churchill wisely rejected all quick remedies advocated for relief of what is still a serious financiad and economic position, Like his predecessor, Mr. Chur-

that there has been'n plot,"

Mr. Austen Cumberlain.

It is understood that an official statement may be issued later.

SI HORWOOD

Britain's police chief who is responsible for the safety of our Cabinet Ministers.

not aware of the plot.

Scotland Yard states that it is

Mr. Chamberlain like other

The pensions theme would ! chill adheres firmly to steady re Cabinet Ministers is protected by |

The duty on i was a tax on poor women's stekings. (laugh

ayment of our debts.

impose a burden od 81 1,000,000 a year the intinstries of the far-reaching and elaborate ins

The Daily News" says that the country at a time of imparalleledance project is of supreme im- industrial depression.

portance on the constructive side, equiring the closest serutiny. The financial and administrative! side must strongly appeal to the general financial structure is working classes, The Budget's) rondlased on the best British

ty).

Sir Alfred Mand (Labour} doubted the wisdom of returning to gold payments. He deplored the tiens lid on industry by growing systems of social insur ance, while the silk duty would injure one of the most important textile industries.

The former Chancellor, Sir Rubert Horne. Phampioned the proposals. He declared that the Preferential system had been of immenseleneth to British trade.

"We see from rents in South Africa the salt d' our failure to stive reciprocal terms to countries like that." (Ministerial cheers and Opposition laughter.)

BACK TO GOLD.

London. April 29. The House of Commons passed the first reading of the gold. standard and widows and orphans old age contributory pen- sions bills, which were formally introduced by Mr. Winston Chur- chill and Mr. Neville Chamber lain, respectively.

Mr. Neville Chamberlain is Secretary of State for Health.] London. April 29.

The gold standard bill mention- sub-

ed earlier reus the

traditions.

section of the previous Act under Col. Noville Chambe

which the holder of a currency note is entified to obtain gold payment at the face value and repeals previous regulations underwhich any person is en- titled to have gold ballion minted, but makes an exception in the case of the Bank of England.

Nevertheless the bill enforces on the Bank of England the responsibility of redeeming legal tender on request in the form of gold bullion of approximately 400

ounces.

amberlain

The "Financial News" says that throughout the note of fiscal changes introduced is one of con- tidence. The Budget should help industry and trade.

two detectives,

taken in view of the report.

No extra pris ghops have been

FASCISM'S SPREAD.

MOVEMENTS IN FORTY COUNTRIES,

(Beater's Service.),

ROME, Apr 29. Ar a meeting of the Grand Fascist Council, attended by the Premier, Signor Mussolini, the Secretary-General of the Fascist organisations abroad... Deputy Bastlanini, reported that Fascist movements

. existed in forty. countries.

ger of negle lag them was shown

in the recent alarming announce- ment frem. South Africa.

Must

Continue Unchanged. Germany's Chancellor believes that Europe will enter a new era when the problems of the Rhine zone and a security pact have been settled.

(Reuter's Service.)

for the best interests of thei Fatherland on the basis of the constitution and Germany's pre- Haneent position in the world, The

Luther, in a speech at a meeting..

Berlin, April 29, Thes Chaifollor, Dr. of industrialists, emphasised the many's foreign policy in order to necessity for continuity in Ger carry out the world's desire for the removal of Insecurity and instability.

He hoped the Allies would no longer hesitate to remove the injustice done by the not publish- : ing of the reasons far the nor evacuation of the Cologne'zone.

He said Germany's attitude with regard to the security pro-1 Eposala had not altered" but they evacuation of the Rhine zoù must' 4ot be matte dependent on the con- | chision of a security pact.

If these two urgent problems vore settled then he believed the why would; he open for the recon». ruction of Europe," politically, and morally..

Cabinet to Remain

Berlio April 29, After consulting Marshal Bindenburg di the various, im- portant political problems with very satisfactory results; the Chancellor, reported tirinet.

In the which animously decided to remain in office. Reich- stag circles are of opinion that Germany's foreign policy will re- main michanged. at least for the present.<

During his election campaign Marshal von Hindenburg said that he was grially interested in the question of the security pact. guaranteeing the Trontiers of France and Belgium. He asserted that Germany's eastern frontier

be must

altered by negotia- rions, He enigmatically rt

DR. HANS LUTHER

plied to a question whether most important consideration was he favoured

republic or to restore German prestige. He

a monarchy by saying "personal emphasized that he was striving wishes are of no avail." As only "to ensure German sover- President of the Reich he would'eignty and freedom, with a place think, only of his duty and strive in the sum of the nations."

WHERE THE ALLIES STILL REMAIN.

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The Rhine zone was to have been evacuated early in January, but the Allies decided to keep their troops in Cologne owing to Germany's alleged secret arming. The report on which this decision was based has not yet beeri published..

250,000 TONS LESS. RESULTS OF RUBBER RESTRICTION.

SCHEME DEFENDED.

(Reuter's Service.)

'LONDON, April 29. of the Rubber Growers' Associa

Speaking at the annual meeting tion, Mr. Eric Miller stated that the restriction policy had stood the test of criticism.

The Dy Herald" says the well-to-do are relieved by redur-. tion of income-tax, while the workers will bear an additional weekly expense for insurance also their beer will cost more.

THE SILA DUTY. Interviewed by Reuter, the The scheme was formed with Secretary of the Silk Association due regard to the interests of the of Britain and Ireland welcomed rubber trade and the consumers.

The critics who had drawn at the proposed new duties on im- ported silk, whereby 40 per cent.tention to the growth of the more workers will be employed.

FRANCE AND SOVIET.

(Reuter's Service.)

PARIS, April 29.

A Soviet embassy communiqué denies that it has in any way participated ip Communist pro- paganda.

The Matin, however, states that enquiry in regard to a speech the Government has opened an delivered by M Valine, the first secretary of the embassy, at a meeting organised by Chinese re- sidents of Paris, after the death of Dr. Sun Yat-sen and a diplomatic sequel is certain.

funeral oration cannot be regarded The embassy argues that the consumption of rubber ignored the Krassin conversing with M. Brland, as an unfriendly act. Ambassador surplus stocks of rubber existing declared that he was not participat for some years past the potentialing in subversive propaganda.." three years ago, also the fact that

exceuded the increased consump- normal production had largely

New York. April 29.. Mr. Winston Churchill's budget ful exposition. Comments in the statement is considered a master- most glowing terms have been tion. passed upon the British decision to return to the gold standard.

Dutch were benefiting unduly at Mr. Miller estimated the exports the expense of producers in British The "New York World" con- 1922 at over 250,000 tons less than more equitable had the Dutch for 21⁄2 years since November 1, territories, it would have been siders it which will thrill the world.

a momentous event the full production would have co-operated but it might be safely The "Times" is of the opinion stocks had been absorbed in the exports from British producing that programme of resumption of same period.

been, while 150,000 tons of surplus asserted that during this year the

Fecause of its extreme boldness.mittee of the Colonial Office, which earn R gold payments is likely to succeed

areas would bo, required at a rate The standing advisory

which would virtually eliminate London, April 29. The budget statement has been

the manufacturers' associations

and British producers. were ably represented, continued Indies were tapping had been Treed which natives in the Dutch

com

the disparity between the Dutch

EXPENSES RISING AGAIN. main features of the Budget will |- The "Daily Telegraph" says the be very welcome to the vast body Hiving, but is not satisfactory. of people obliged to Finally the hill empowers the

Our expenses are rising again. Treasury on any conditions it ambitious Budget. Serious liabl- very well received. On the stock to take the most comprehensive planted long before restriction.

The "Daily Mail" says, it is an lities are assured and we must exchange it had a most stimulat interest in the working of restric. He did not-regard the develop- watch vigilantly to see that the ing effect on certain specialitics, ton scheme. promised economies in our gross especially artificial silk shares. ly inflated expenditure are made. Courtaulds opened at 105, and in the present situation necessitat He held the opinion that soon the He could see nothing whatever ment of native rubber growing. aa The Morning Post says that now 101/6.

serious menace to the industry, Mr. Churchill's past did not pre- tinue in the ascendant. Leading the question.

Motor shares con- ing or justifying reinvestigation of necessity of an lacress in the iheartily welcomed in Nottingham Imperial preferences. The dan are firm.

vent his present from imposing high class investment securities As regards criticism that the rubber acreage would sly the

growing cassumption

thinks fit to raise any money necessary to exchange operations, provided auch loans and credits are-redeemable within two years. TAX ON SILK.

London, April 29.

While the new taxes on silk are.

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