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I Budget Concession

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I Budget Concession t- < ——.— CEMENT ON INCOME-TAX CLAUSE At one swoop the Government last night tew bati, into the lap of the landowners touch money as they will set from the "downers by the three new land taxes of Bu,d;>6t. ? Chanoell<?r of the Exchequer, in calm, ?? ton? announced that he would make ??t of half a mtU.io? to the landowners r ? wa.y of a reduction of the income-tax ?"cultural l??nd under what is known as ?u)<. A. "\J nder (j Under Xche4nl« A." said the Chancellor I TPVresent system of taxation works rather The present system is not fair to I It seed landlords. The reductions in tax the Under Schedule A for expenditure on Jjd Da.1i, of the landowner in improvements I ^^ge-nent are inadequate." I I INCREASED REVENUE—NIL. I  Chancellor made the following conce.- I qJ. I I lior k, ?hich is based on the money spent in I I b. ??Rt?ntg and management: — L?? -maximum on Farm .w. ?percent. ? ? D?a-Mmum on Cottage )?"li-erty 2"5 per cent- ?? ???? !Q increa&ed last night 25 ?'' cent. ?ai'???<joncessio.n.E500.0CO ?H?Un ?d yield from three I and taxcs-yiz., land, JnCl> ttl^nt' and mineral £ 500,0C0. rea.«-t'd revenue from land Nil. fof the present law the above deductions ^^ov-ement are made automatically, t. -in °rder to gd the deductions up to the 1^ ^^ased maximum of 25 per cent, the ? ??n.=ed maximum of 25 per cent. the a. ?'? w ill Lave to put in a claim, an,d 1.1hll will have to ba !?ccoin<panMd by 1^C. ulare which can be inquired into. ? "hanc?Uor announced that the money «h fit bY the landowners during the previous ?? three years should be taken into %1111,t ?? arriving at the amount to be from the landowners' tax. ?r ?e the Budget proposal came up to ??. ?e tax on incomes Is. 2d. in the £ lor^ Willoughby de Er?sby rose from the ?, ? the Unionist Benches and moved )¡¡ IJQck out ls. 2d. and make it ls. ld. lIlj' the Chancellor of the Exchequer in to Said the Government could not afford this amendment, as they had six- Vj) ^'Hion sovereigns to raise in the way leased taxation.

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