Twenty years of financial policyA summary of the chief financial measures passed between 1842 and 1861, with a table of budgets . n-cursions upon the funds at his command. Itrust, he said, that whatever may be our dif-ferences of opinion, we shall not set the pesti-lent example of abolishing taxes and meetingthe expenditure of the country with borrowedmoney. Mr. Gladstone expressed his regretthat the Government had not done more thanthey had in the way of reducing the estimates,and his wish that the House had shown a greaterdisposition to press for a further reduction ; andconcluded by repeati


Twenty years of financial policyA summary of the chief financial measures passed between 1842 and 1861, with a table of budgets . n-cursions upon the funds at his command. Itrust, he said, that whatever may be our dif-ferences of opinion, we shall not set the pesti-lent example of abolishing taxes and meetingthe expenditure of the country with borrowedmoney. Mr. Gladstone expressed his regretthat the Government had not done more thanthey had in the way of reducing the estimates,and his wish that the House had shown a greaterdisposition to press for a further reduction ; andconcluded by repeating his hope that the Govern-ment would firmly maintain the revenue until itshould be in a position to propose those remainingreforms, which, he said, I quite agree are yetto be accomplished in our system of taxation. No other debate of general interest took place Prorogation , r . , r 1 ofParliament. upon the financial arrangements or the proposals of the Chancellor of the Exche-quer were adopted; the revised estimates wereaccepted and passed; and the Parliament wasprorogued on the 29th of July. 294 Twenty Years of. Chapter VI.


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