It will be seen from this statement that the Budget,
as far as the mere figures go, is very unsensational. The fact that the Naval vote is the largest ever recorded in time of peace, is however a very remarkable proof that the nation is determined to make any pecuniary sacrifice necessary to secure a strong Fleet. Mr. Goschen, who followed the Chancellor of the Exchequer, reserved his criticism on the only controversial point,—the favouritism shown to the Irish consumer. If we mistake not, this part of the Budget will give far greater offence than the Cabinet has any idea of.