Premier R. B. Bennett, who is also Minister of Finance, has brought down his first budget, and in doing jso_ has announced "a deficit of '$75,000,000 for the fiscal year 1930- 31. This was not entirely unexpected, as general revenues are down considerably, and there have been ares apprvpelations for the relat of unemployment. Large sums, too, were expended during the past year on account of war pensions, /and total payments on this account since the cessation of hostilities in 1018 amount to $460,000,000, The budget is a comprehensive one, and was presented in a masterly fashion..In his speech, which lasted more than two hours and a half the Premier summed up the financial situation of the country in jan elaborate and systematic way. While his task in announcing such a large debit balance was not a pleasant one, he impressed his hearers of all parties with the thorough manner in which he reviewed the nation's business.
Im order to meet with the new conditions, the budget includes a number of important changes in taxation and tariff.. Granted that Diisiness regains some headway in the next six months, the new im-Posts should be sufficient to previde fan. adequate reve in the event that a deficit again' looms up towards the end of the financial year, Mr. Bennett proposes to relieve the situation by short term borrowing: Only such taxes have been imposed Jas appear absolutely essential, for the Premier. declared that he did not wish to hamper industry at such 3 time of Canadian National Railways failed) che the public by "$20,219,798" to. corn its fixed!
Capital furnished to Canadian Farm Loan Board in year $5,009,839, After setting two new records on, her initial westward crossing of the Atlantic, the Empress of Britain steamed slowly into old Quebec, there to be greeted by: thousands upon thousands of the populace, The mai changes announced are|, ho thronged the citadel and the docks throughout a warm summer evening to welcome a newcomer to the port. The trip from Southampton was accomplished in 6 days, 13 hours and 25 minutes and that from Cherbourg in 6 days, 5 hours and 25 minutes; both these times are St, Lawrence route records. priced 3 ture than ($1,200.
The new white Empress brought distinguished company, a number Spoke By tA atte who cameltoe fad aments Coe ly to make the maiden voy Further safeguards 'W. Beatty, president of the Ing' of foreign products, Pacific Railway; Viscount OF these changes, the one which Proprietor of woked the most comment 50 ily Mail:" Rt, Hon, Sir La. the te dao: Mr anda. on {Francis Lindley, British ambassador
budget it certain' manter "of [ed Canadian Minister to Washing jerridge, the former newly-appoint WD
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Text read from the printed page and cleaned; old type leaves the occasional error.