" HEN ROOSTS " DISAPPEARING .
Nor must it be forgotten that whereas a year 'pie Lord Snowden obtained additional revenue through taking £4,000,000 from the Rating Relief Suspense Account and £20,000,000 from the Exchange Reserve, thoie sources will not be open to the Chancellor in his new Budget. It is true that at present no use seems to have been made of the Exchange Reserve, and there is the question of revenue from new tariffs, a revenue which has been estimated.in some quarters nt £30,000,000, but (conon:a4.4 on page $32.)_ Finance—Public and Private (continued from page 430.) estimates of a new tax of this description must be very difficult to form if -only for the reason that it is im- possible to tell what may be the effect upon the general volume of trade, and, therefore, upon articles which had already been subjected to taxation under the guise of Customs and Excise Duties.
It is also true that certain cuts have been made in Ex- penditure, but until there is a material improvement in the unemployment problem it is difficult to see how the main items of Expenditure can at present be reduced to an extent promising a really large Budget surplus.
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