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Updated: May 25, 2025
He gave voice to that indignation which lay suppressed beneath the cowed feeling which for the moment the Chancellor of the Exchequer's performance had left among his hearers. In a few minutes the House was wildly cheering the intrepid champion who had rushed into the breach, and when Mr.
He did not know on what authority the Chancellor of the Exchequer had made his statement as to the amount of money that would be expended in labour; but he wondered it had not occurred to the right hon. member for Portsmouth, that even upon the Chancellor of the Exchequer's own showing, the right hon. gentleman must have made a gross mistake.
Since it was formerly only possible to exceed the limit on the fiduciary issue by a breach of the law, under the Chancellor of the Exchequer's promise to get an indemnity for it from Parliament, and since Treasury tradition insisted on a 10 per cent.
"Let it be remembered, the Chancellor of the Exchequer argues in favour of this measure, that the money he asks for will certainly be paid back, while only one-half, he tells you, of the money advanced or relief works is sought to be reclaimed. Why, Sir, that was just my argument three months ago." The Chancellor of the Exchequer's Bill was carried by a large majority.
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