§ 4.0 P.M.
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. Chamberlain)
It is recognised on all hands that the present financial year is one of capital importance in the history of Europe and not least for those nations which emerged victorious from the late world - wide struggle. Eighteen months have elapsed since the preliminaries of peace were signed with Germany, and, though peace follows with limping footsteps, the time has come when each of us should set his house in order, and, not content merely with facing our immediate necessities, should lay broad and deep the foundations of future credit and prosperity. The Budget which I present to-day, therefore, is a critical one. I shall have to make a large demand upon the patience of the House, but, in order to lighten my own task, and, still more, to lessen the burden upon Members, I will ask them to allow me to defer to other occasions, or to lay before them in the White Papers now in their hands, or which will shortly be available to them, details and explanations which otherwise I should have included in my Budget statement.