The Archive · 1938

Finance Bill Given Commons Approval

T. Robertson — Labour Motion Lost; Sir John Simon Sees Little Relief Ahead — SPECIAL TO THE "N.C

London, May 27.

The Labour motion to reject the Finance Bill was defeated in the House of Commons last night by 250 votes to 122.

'A. V. Alexander, for the Labour Opposition, reminded the Government. that it had come into power in 1931 on the claim that it would safeguard the countr finances by orthodox methods.

The Government, he continued, had increased the dead weight debt and had started a series of unbalanced Budgets, after absorbing for expenditure the whole of the economic: on the War Loan conversion operation.

Mr. Alexander based his criticism of the Finance Bill on the contrast he sought to draw between profiteering, which he alleged was taking place out of rearmament and from the State subsidies, in the one hand. and the heavy indirect taxation on the other,

Text read from the printed page and cleaned; old type leaves the occasional error.

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