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THE BUDGET AND TRADE.

Newyddion
Dyfynnu
Rhannu

THE BUDGET AND TRADE. IF vou find a country which is not rrospering.. there is not much buiid- n%r going on. Ou the whole, buildiny .f: al;out the best test of the prosperity of the cuuitrv." These words were used by Mr < more than two years ago at the J vtj^rial Conference. The building trade « then brisk enough. The facts, so far as ..j&l went, were with him, and he made the nosi of the building test." But the •hange came soon enough. As the Socialist. :mo £ began to show itself more clearly beneath the Radical garment, the creeping ..•analysis of British industry begau. In November, 1908, another Radical Minister, ifr BntKELL, confessed to a Brighton tndience that there was more suffering and menoplovment connected with the building rade and timber trade than any other." uut worse remained. Since the Budget is brought in, the building trade has gone rrota slackness to stagnation, and is going rom stagnation to ruin. The last returns published in the Board of Trade Labour xazette show a percentage of 9'6 unem- ployed among carpenters and joiners, and 33 among plumbers, at the end of August; I ;j(l we are further told that these per- ■ tint ages were exceeded in London Á by irpenters and joiners, and in the Northern Count ie's, Scotland, and Ireland by carpenters, joiners, and plumbers. Returns received from bricklayers, masons, and pUsterers show little change." Unofficial reports from all over the country tell the -■i.ae tale-tha,t the great building industry -1 been crippled by the mere dread of the jchdistic Budget. A "poor man's Budget," orsooth Mr GEORGE'S preposterous cry 4 confuted out of his own mouth. jut" Is this a poor man's Budget or is it tot ? The question was pointedly asked )J Mr BALFOUR in his great Birmingham speech, and he answered it by an emphatic uegative, showing that the Budget by farapering with the security which encour- ages the employment of British capital on British soil—a security which is the very essence of industrial success "—was antagonistic to the interests of the wage earning classes of the country. The work- ing classes are rapidly awakening to the fact that although landowners and capital- ists may feel the strain of the new taxa- toH imposed by the Budget, a most grievous harden is borne by the wage-earners. Mr 1 5H CLIP SNOWDEN, the Labour MP. for .Mack burn, speaking in the House of "orauions. said:—"He estimated that S5?>,480,000 of revenue would be contri- tti 's year by the working classes, -presenting four-fifths of the total amount «m-ed from Customs and Excise duties. worked out at £ 7 12s. 6d. per family. Me had a Radical leaflet, used at, the last election, entitled, How the Working Man is Taxed,' which said that at that time those indirect taxes represented £ 7 5s. per fa.mily. The taxation per family of the working class, had, therefore, increased. H was indisputable that there were over two million families in this country, repre- seating ten million souls, whose income did not amount to c £ l per week. Their contribution to the revenue under this Budget worked out at 2s. 6d. in the £ on their incomes. And that under a Budget which claimed that it would spread taxa- tion fairly and equitably between the different sections of the community 1 Not only is the working man affected by the increased cost of living, but he is affected even more seriously by the ever- growing unemployment which the Budget has already brought about. We have referred to the state of the building trade, and there is also an enormous shrinkage of labour in other branches of industry. Employers everywhere report that trade is so unsettled that customers will not give orders, and that consequently they have 'rid to reduce their staffs of workpeople. "Jhe Budget, in Mr BALFOUR'S words, "• interferes with every industry. It cuts •it the root of all enterprise—at the very Y"ont on which modern industry, modern so, and that modern work which me&as employment and wages, are likely to carried on." No as Mr BALFOUR said, —"A poor man's Budget it is not; but you —toe country—will have to choose between that and the only other possible alternative —that great fiscal change which will, at n alL events, make us masters in our own house." In a word, it is becoming more evident every day that Tariff Reform is the only policy for the workers of this country, and we doubt not that it will have their whole-hearted support at the comino' General Election. t:>

NOTES.

- ABERYSTWTYH.

MASSACRE AND AFTERWARDS.

ABERYSTWYTH WEATHER REPORT.

SMALL HOLDING.

NEW LIFE-BOAT FOR THE DENBIGHSHIRE…

DEVIL'S BRIDGE.

.., IMR ASQUITH GOES TO BALMORAL.

HUNTING.

WELSH ROYAL RESERVE ,ARTILLERY.

--.-------------------OCTOBER…

- DAIRY SHOW AT ISLINGTON.

NEW QUAY RECTOR.

LABOUR SAYED.

- LLANBADARN FAWR.

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