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NEWS OF THE WEEK.

THE chief event of the week was the Budget statement of Mr. Austen Chamberlain on Wednesday. There is really only one point of view from which it is right to regard this Budget, only one test to which it ought to be brought. In the present stage of transition, with the whole of our industrial life to be reconstructed, will the Budget create confidence ? Confi- dence is the one desideratum. We are convinced that Mr. Chamberlain could hardly have done better for the country. His statement was devoid of all viesiness and fantasy. It was shrewd, wise, safe, and statesmanlike. We have written on the Budget at length elsewhere, and here we will only give a plain summary of its contents.

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