Word: budgeteer
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Dates: during 1930-1939
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Empire stewardship has now been in Conservative Party hands for nearly five years. One year ago the No. 1 steward, Chancellor of the Exchequer Neville Chamberlain, closed his annual budget with a triumphant surplus of ?31,148,000 (then $159.477,760), and reduced the basic British income tax rate from five shillings on the pound (25%) to four shillings sixpence (20%). Said hawk-nosed Mr. Chamberlain dryly, "I think the nation has finished the story of Bleak House and can begin that of Great Expectations...
Great last week were expectations when Chancellor Chamberlain closed his current budget. He more than fulfilled them. Today the Kingdom is lofting out of Depression at such a rate that the reduced income tax brought in almost exactly as much revenue as did the higher tax last year. Chancellor Chamberlain closed with a surplus of ?7,562,000 ($36,297,600) last week-best possible "window dressing" for the general election the National Government must fight soon after the Royal Jubilee...
Pleased with the alliance was President Graham because North Carolina is struggling to hold its standards in the face of crippling budget cuts. Pleased was President Few for, though Duke is very rich, its riches are largely in Southern utility securities and what, in view of the New Deal's power program, they will be worth tomorrow not even wise Dr. Few can foretell...
...years and will not be eligible to succeed himself. Salary: $15,000. He has power to veto not only whole bills but any item in an appropriation, revenue or tariff bill. The Legislature cannot, with two minor exceptions, appropriate more money than he asks for in his budget. The Vice President may serve in his Cabinet and Cabinet members may address the Legislature...
Results: 1) Since no state insures its property, the enormous prospective cost of insuring the Normandie is canceled and her operating charges are that much reduced. 2) For the first time the cost of sea prestige arising from a superluxe liner will appear frankly in the naval budget...