§ MR. CHIOZZA MONEYI beg to ask Mr. Chancellor of the Exchequer, in view of the fact that an old-age pensions scheme is proposed at an estimated cost of 926 £6,000,000 per annum, only £1,200,000, of which is provided for by this year's Budget Estimates, if he can state definitely whether it is the intention of the Government to provide the balance of £4,800,000 by new taxation or by reducing the annual appropriation of £28,000,000 which has been made since the financial year 1905–6 for the National Debt services.
§ MR. LLOYD-GEORGEI must refer my hon. friend to the speech of the Prime Minister on opening the Budget, which goes as far as it is possible to go at this stage towards anticipating the financial arrangements of future years.