Word: mckenna
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...repeal of the McKenna duties on automobiles, watches, clocks, etc., became effective with the passing of July. It was rumored that thousands...
...will say to Germany: 'If you are going to accept the Dawes and McKenna reports, we will take you at your word. We have no preparations to meet any default on your part. If after this solemn obligation you do default, then we and our Allies will be closer than ever. We will wait for the event. But we trust...
...level best to carry out the obligations imposed by it and then to trust to the sense of justice of the world to see that right is done in the end." House of Commons. The Conservative Party's motion (TIME, May 12) condemning the abolition of the McKenna duties was defeated by 317 to 252 votes. The debate was dull- except for the use of the prohibited word "lie" by Captain Terrel, Conservative, which brought him into conflict with the Speaker. Chancellor of the Exchequer Philip Snowden also stirred the House by an unusually "acrid and ironical" speech...
...Exchequer Philip Snowden's budget (TIME, May 12) withstood all amendments to change its provisions. The Chancellor stated that he expected the House to pass the budget, the whole budget, and nothing but the budget. The Government decided to regard a Conservative motion against abolition of the McKenna duties (TIME, May 12) as a vote of censure. As the Government has the undivided support of Labor and a great bulk of the Liberal Party, there was no chance of its falling. The Chancellor described Conservative agitation against the budget as "ramping, raging, tearing propaganda...
...budget abolishes, from Aug. 1, the 33⅓% duty levied by Chancellor McKenna during the War upon foreign automobiles, films, motorcycles, clocks and musical instruments. The so-called breakfast taxes on sugar, tea, coffee, cocoa, chicory are cut by one-half to one-third. The tariff on dried fruits will be dropped on Aug. 1. The inhabited house duty is to be repealed. Amusement taxes are abolished for the cheaper seats in theatres, etc., and reduced for the more expensive seats. The corporation profits tax is to be abolished...