London, 14th April.
The Budget, presented in the House of Commons by the Chancellor of the Exchequer, shows a deficit of fifty-two and a half millions of pounds. It is proposed to cover £32,000,000 by a loan, and to meet the remaining deficit by putting a penny in the pound on the Income Pax, three-pence per cwt. on imported corn and other grain, and fivepence on flour. There is also to be an increased stamp duty—Specicl service.
London vid Bombay, 15th April.
The Budget has been introduced in the House of Commons by Sir Michael Hicks-Beach, the Chancellor suspend the Sinking Fund, to in-of the Exchequer. He proposes to
crease the Income Tax by one penny, and to increase the Stamp Duty on cheques and bills of exchange to two-nce. Tea, tobacco, and sugar are untouched, but the Chancellor proposes the imposition ofa tax of threepence per cwt. on corn, and five-pence per ews. on flour and meal. The new taxation will produce £5,160,000. and Sir Michael proposes to borrow £32,000,000 and obtain the remainder (to cover the deficit) by Exchequer drafts—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.