Deseret Evening News | 1902-03-19 | Page 3 | British Financial Policy

Financial Policy New Nell York March 19 The financial policy of ot thil government escapes ob oL while the military la Is discussed constantly If nays the London cor correspondent correspondent respondent of or The Thu Tribune like Ilka lohn tol r that the war lur ha been financed badly Lad I from the tho b mil that an 1111 opportunity bun been for tOI a 1 readjustment lIt ef ut direct Indirect taxation and tel for tho do of commercial Inter Intercourse course between the colonies und and the 1111 mother country on a preferential basis No nsw ne In 18 expected The budget speech ech estimates tes of oC the ex expenditure as printed disclose u II reduction reduction tion of from Crom thole of the thc current year und tho revenue receipts on the basis of existing Ufo are 1110 set down ns In ex excess excess cess In the nr as assume sume that Sir Michael will have hll 1 to meet a deficit of DC abou t und that ho Will borrow tile the bulk Ik and provide for tor the tho balances by Increased taxation Sugar SUlar duties un under dill der till thi agreement will not bo lie rained rul td lal export duties dulles will re rp remain main taxation on wine and spirits will not bo Increased The rhe Income from the taxation on will be Ie exposed to fresh exactions Tobacco q nn alluring owing to the tho brisk competition between and ond American trusts for tor the control of ot OH tIll home market and a con consequent consequent sequent reduction In prices Sir Michael licks Hicks will surprise the If It he reverts to any fresh Cresh source of ot revenue or widens the urea of ot indirect taxation