13 APRIL 1929, Page 44

Finance Public a nd Private

The Comi

ng Budget

LAST week I set out, with _ little_ in the way of comment or critieism, the salient features of the National Accounts for the year just recently closed, saying that this week I would. add something further in the way of explanation and criticism. It is, perhaps, as well that such com- ments and criticisms should appear before the actual delivery of the Budget on Monday, because if the &ail- ments which follow are well founded it is, perhaps, well to be prepared for a cautious Budget rather than for any sensational remissions of taxation such as may have been encouraged by the vision' of a large realized, and a possibly large prospective Surplus.