London, Apr. 25. Increases in the surtax on Incomes, 1 rise in the tobacco and sugar duties, fin Increase in the death duties, the Imposition of duties on ims, a rise the motor-eax horse-power duty changes in the motor-cycle duties wore announced by the Chancellor of the Exchequer, Sir John Simon, in the House Commons today.
"The Chancellor said there would be tne Increase In the standard rate of Income Tax, at present 5/6d. in £1, The surtax on incomes up to £8,000, hho said, would be a further five per ent, and on incomes over £8,000 a further 10 por cent.
"Phe tobacco duly had been raised 2/~ por Ib. to 11/0d. The sugar duty hood "been Increased Mid. per Ib. and death duties increased by ten per tent. on estates over £50,000. Film duties would produce 1,000,000 in full year, The motor-ear horsepower duly had been raised from 15 - to £1.50 from January 1, with changes In the motor-cycle duties.
After announcing the new duties, the said that estimated revenue on the now basis of taxation was £942,-
£027,250000, was £17,500,000. under the estimate, but nearly £255,000,000 above the figure for 1037-38, The ross total of defence expenditure of all kinds, including air ald precautions, was almost exactly *£400,000,000. This compared with {205,500,000 in the previous year.
The total estimated expenditure on the Consolidated Fund Service for 1039-40 was £247,000,000, being an increase of £5,000,000. Supptementexpenditure for defence was the most serious and most important question, and was the cardinal issue in the present Budget. The estimated expenditure on the supply services was £075,000,000, he estimated expenditure on Air Raid) Precautions in the ensuing compared with the original estimate of £280,000,000, to be met from Fevenue; but the original figure of £590,000,000 for defence expenditure this year (£350,000,000 from Loan and +£230,000,000 from revenue) had risen to about £630,000,000 in all aspects—and-may well be more."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.