In a crowded House of Commons Mr. Stanley Baldwin, Chancellor of the Exchequer, enunciated his long-expected discourse on the finances of the United Kingdom. The budget he introduced of course had its dissentients. But on the whole Parliament was pleased with the decrease in taxation and the financial outlook for the fiscal year 1923-1924.
The main points in the budget are: a reduction from 5s to 4/6d in the pound on the income tax, a 50 percent reduction on corporation tax, a decrease in taxation on beer by 1d a pint, reduction of postal...
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