Word: budgeting
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...forthcoming a most awkward series of rebates and payments has to ensue between the state and people who have imported goods meanwhile, but such is the law. At Ottawa last week Finance Minister Charles Avery Dunning raised a terrific commotion in the Dominion Parliament by bringing in a budget the chief feature of which was 500 tariff changes, the whole so controversial that it seems likely to be much modified before being voted and submitted for the rubber stamp of Royalty. In a fiery speech against the bill Leader Richard Bedford Bennett of the Conservative opposition accused Mr. Dunning...
...second, vital feature of Mr. Dunning's budget is to broaden greatly the list of goods on which Canada extends to the mother country what is called "Imperial Preference." A double-barreled example is agricultural machinery. If shipped from the U. S. it will have to pay from 6 to 20% duties under the Dunning budget, but if shipped from Britain it will enter Canada free by "Imperial Preference...
...opening salvo in what is bound to be a long, acrimonious booming of political big guns, the Finance Minister mildly said: "This budget is frankly framed to enable us to buy more freely from those countries which buy from us most freely. . . . I speak in no spirit of retaliation. I would much rather extend lower tariff favors to those who extend them...
...examination of our fiscal situation for the next year by the Director of the Budget shows . . . we are faced with a deficit of some 20 or 30 millions of dollars...
This and the increased taxes of all sorts provided in Chancellor of the Exchequer Philip Snowden's Budget (TIME, April 21), stirred to wrath and protest the Englishman who married Miss Helen Vivien Gould (daughter of Jay) and her millions: John Graham Hope de la Poer Beresford, fifth Baron Decies, D. S. O., lately of the 7th Hussars, onetime Chief Press Censor for Ireland...