21 JULY 1894, Page 2

In reply, Sir William Harcourt gave illustrations of the burden

his Budget would take away from the shoulders of many overburdened men. And even the owner of a million would only have to pay an additional 4,020 per annum, from the age of forty, by way of insurance, to cover the additional Death-duty which his estate would ultimately have to yield. And Sir William gave much offence to Lord Rosebery's personal adherents by saying that a man with such a fortune would often throw away more money than that in a single afternoon upon "a moderate two-year-old." It was inferred by almost all his audience that Sir William Harcourt was deliberately directing a gibe against his official chief.