Ten years ago the incoming Conservative Government found the national finances in good order. .... What do we find to-day? Expenditure and indebtedness have been piled up, the income-tax stands at a shilling, war taxes are continued in peace time, the national credit is impaired, and a heavy depreciation has taken place in securities of every description. You only have to look around to see the result. Industry is burdened, enterprise is restricted, workmen are thrown out of employment, and the poorer classes are straitened still further in their circumstances. (Henry Campbell-Bannerman)

Ten years ago the incoming Conservative Government found the national finances in good order. .... What do we find to-day? Expenditure and indebtedness have been piled up, the income-tax stands at a shilling, war taxes are continued in peace time, the national credit is impaired, and a heavy depreciation has taken place in securities of every description. You only have to look around to see the result. Industry is burdened, enterprise is restricted, workmen are thrown out of employment, and the poorer classes are straitened still further in their circumstances.

Henry Campbell-Bannerman

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conservative continued credit depreciation description employment enterprise expenditure found find good government heavy impaired incoming indebtedness industry national order peace place result see shilling take tax ten throw time to-day war circumstances years finances

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