The budget proposals for 1925, Inid before Parliament in Septomber, show some noteworthy changes from the current budget. It is bale anced at 3,278,582,190 marks, and shows an inerense over this yom budget by 11.68 per cent. The greatest increase occurs in the item. of military expenditure and amounts, to 29.9 per cent, During the' past four years the State revenues have regularly exceeded estimates, and the surplus thus obtained has now reached. 1,180,600,000 marks, These results have encouraged the Government to lessen the burden of direct taxes. Several propositions have been drawn up with the object of abolishing tance remaining—from [former times which have not been very remunerative, in order to re since the taxes on income and cay tal. In consequence of these revisions, direct taxes in 1925 ure exe jested to yield about 02,600,000 marks less than this yern
Text read from the printed page and cleaned; old type leaves the occasional error.