upon England has been to raise the price of wheat to figure which has not been reached for a score of years. So whoever suffers the British farmer is likely to be a gainer.
Sir Michael Hicks-Beach introduced his Budget last night, and had a pleasant surprise for the House. Everybody know, of course, that the accounts' for the past financial year showed a handsome surplus but it was thought that this would be entirely consumed by the extra demands of the Navy and other exceptional exponditure. The Chancellor of the Exchequer has, however, proposed a remission of taxation to the extent ofa million and a-half, The cheering feature about the surplus of £3,678,000 which Sir Michael was able to announce is that nearly half of it was realised during the last quarter of the year, so that we are evidently now in the midst of a period of
Text read from the printed page and cleaned; old type leaves the occasional error.