NEWS FROM 100 YEARS AGO : 7 May 1924

7 MAY 1924

On the Report Stage of the Budget resolutions in the House of Commons, unsuccessful attempts were made by Opposition members to obtain further reductions of the tea, sugar and cocoa duties in the shape of preference to the Empire Product. The Chancellor said the proposals would involve him in loss of revenue which he was not prepared to consider.

The Chancellor of the Exchequer stated in the House of Commons that before it was decided that the McKenna Duties should lapse careful consideration was given to representations from the various interests concerned.