| Show MONEY MATTERS IN GREAT BRITAIN Stock Exchange Settlement Passed More Easily Than Expected SPECULATIONS NOT ACTIVE Fite Ilh coil or tile IS rth I imeiloollnel aartA Isroly liellelt 1strolhoostlelling To New York April 17The Time Im don financial Correspondent cable We got over the stock cichnnga let llemcnl morn easily than win exptclcd 1 and he Immediate prospect li I tluti credit will remain comparatively cheap because lite foreign exchanges are more In our fmur and Iho lUnk of Kngland IP I collecting a little I gold Trade bow eter li I employing much mote credit than It did and tile country bank lay that they lute not In year elljoerionceit such heavy I demandi front the provincial provin-cial bra he bra Home five million pound were dlppcnwd over the country during dur-ing Uojlerllde mainly for holiday lour pope ami 1 usually this money niter back within a few weeks Title year hardly any will return and 110 roth Intnka ate already drawing away gold to lOur llwli Incrrapcd new circulation circula-tion almost a month earlier Ihun usuaL All this li I against meat ihetipncn of credit and lieu I Against an Increap of nock Iulntlo i People i are finding employment for their means In I coin mere and manufacture and will not return tn lh Hock market In large numt ri until they have mad money In I their builnen Till explain why Itiiglullon prevail In every depatl ment of the lock exchange ivcr > txvl 1 there declare that there ll I nothing doIng do-Ing which mmn ut pioent that a 1 1 feel Drop of Pit ordinary dayj la not being be-ing done ol In two or tier W have no tremendou ruiltm of I iprculallon but only tier quiet Jobbing and small ped tiling that Jut keep Morris gi4nir In the miiln trading In perurlllei miut bt voormup for the Iork exchanger now contain 1X3 member and IJII clerk Wero tile average gross Income of suh ot theism only S too a year ami that la I a very moderate wtlmate It would Imply I an airregale Incnnw of MTWJ 01 Ns Ir Mon um r1n nllnlIII nn1 to Jobber prom Dullne therefore ran mly I rolatlvo fill1 wi nr not doing Ih I of role 01 1 rllln bun ot t moithairo onl are nl Ukefyt dolt for tome tint to come IVINT OP Till wciic The moot Intending event of thin week is I government budget A yon know we am lending Ih nMluu of Kuroi In the fahlon of einmttiiu ni val and military mmdllurM which une party In the elate r < ll Wasteful and proviallve lot strife and tile other precautionary Hut what may lnlete1 itme Is I i the manner In which th chase Collor fir the eselsequoir dMlge the neo 001tyfsolimming snore taiM For Hut current year faill lilt on March Mat next he rrnuire 9113AP400 i for Imperial i purimmers and the revenue for th past year was X1011324019 Ho ion the bIt l of exiting taxation the preolectivor do licit U I almost Jtltooow II knock off rsuooOW of this by luiwnOIng part of the debt pinging fund and another an-other XWOOOO he look I for from value small increnw In taxation The ml he expects In make good by Ihe natural Inereopoa of llm revenue i NO he will come out llh Ifoars end wlUt a small urplu These ngure relate to the Imperial expenditure alone but we give between nine and ten mlllloui now In grants of aid in Ih municipal and county pending nulhorltle mi that the total revenue In lie l ralnl lilt year an pntarhci CIMOOOMI an amount wholly tinprtwlenle1 In our annalp How long I lie nation can gn on carrying Ihi burden bur-den without grumbling no man can my but II to I a burden Poo arinillr Im l wnij ikal ai yet nobody stomp t think It 1 I heavy Your flnaticlr might leant a Ion from our In the art of extracting enormoui rjvenuea from n very few tin which leave I trade trw and the citizens uneonrloup of the gnat part of the weight Impiwid WRATH KXCrHNO TAX One view tat rvrltea great wrath In I tho city Th chancellor of the ex I cheimer In delrou ti > put u five ihllllng Plamp duly on all bond and pharr ot foreign and colonial nrlgln not inilly itanuwl Title Poe kooo all AIIIT railroad phare and bond not lIt 14 I lurd here and the contention 10 I that It will hurt builne Th tax to f only payable iince but If a ronvervion taken place and the nw security is I isued 10 root lace the ronIIII then tiler I Palms rmh taxit means one hllllng tvr Ion ihare on all your shares rut matter whether they are worth ten lot Ur I I a share or two hundred A S menu 111 Is 1lnor Not UI licanyt tile propwoAl total there to I a doubt It 11 will mucroI i In I accompllihlng anything 1lIwhll I he market U I nearly ptralyzed It Me law I Rome Othttrave 11115111elep Ill I Dialects limmlOortl 01 n1 al Iraqi an no plIgre or hood Ink can be trarefort4 llhout the ilamp which the Iran rerrer must pay without a chance for rnumonl |
