4 JULY 1925, Page 10

The Bill was sent to the Upper House and received

on Tuesday last its second and third readings. Lord Oxford took the opportunity to make a sound speech on Free Trade and economy. He considered that the limit of taxation had ' been reached. Lord Arnold on behalf of the Labour Party regretted the return to the Gold Standard. Lord Salisbury claimed that it had prevented disaster by saving our exchange. Earlier in the afternoon the Lords gave a second reading to the Honours Bill, which was practically a repetition of the Bill introduced in 1923 upon the Report of the Royal Commission. There was no controversy and thi debate was only enlivened by Lord Newton's invitation to any menibers • of the House whose honours had been criticised to rise up and describe what had taken place. No noble lord accepted the invitation.

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