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III THE BUDGET THE BUDGET RESOLUTIONS
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 House of Commons, May 4, 1903
 
 
The Leader of the Opposition1 this afternoon told us that we were at the beginning of what would be a very complex and a very protracted2 discussion. If that discussion continues as it has begun, the Government will have no reason to complain of it. We have made extensive and even daring proposals. Those proposals have been accepted and, on the whole, even acclaimed3 by the public at large, and they have not been substantially challenged in this House. The Leader of the Opposition, it is true, devoted4 his reasoned and temperate5 speech to making a careful inquiry6 into the foundations and the character of certain of the taxes by which my right hon. friend proposes to raise the revenue for the year; and I gathered he accepted, with such reservations as are proper to all engaged in a large discussion, and as are particularly appropriate to a [278]Party leader, the general principle of differentiation7 of taxation8 in regard to the amount of property, but that he demurred9 to and condemned10 differentiation in regard to the character of property. The right hon. gentleman singled out for special censure11 and animadversion the two sets of taxes in relation to land and to the licensed12 trade. He used an expression about some of the forms of taxation proposed by the Chancellor13 of the Exchequer14 which was a striking one. He said that they diverged15 from the principles which have hitherto dominated civilised society.
 
Even at the risk of that accusation16 we on this side of the House have always taken and will always assert an entirely17 different position in regard to the taxation of land and of liquor licences from that of the taxation of other classes of property. The immemorial custom of nearly every modern State, the mature conclusions of many of the greatest thinkers, have placed the tenure18, transfer, and obligations of land in a wholly different category from other classes of property. The mere19 obvious physical distinction between land, which is a vital necessity of every human being and which at the same time is strictly20 limited in [279]extent, and other property is in itself sufficient to justify21 a clear differentiation in its treatment, and in the view taken by the State of the conditions which should govern the tenure of land from that which should regulate traffic in other forms of property. When the right hon. gentleman seeks by comparisons to show that the same reasoning which has been applied22 to land ought also in logic23 and by every argument of symmetry to be applied to the unearned increment24 derived25 from other processes which are at work in our modern civilisation26, he only shows by each example he takes how different are the conditions which attach to the possession of land and speculation27 in the value of land from those which attach to other forms of business speculation.
 
"If," he inquires, "you tax the unearned increment on land, why don't you tax the unearned increment from a large block of stocks? I buy a piece of land; the value rises; I buy stocks; their value rises." But the operations are entirely dissimilar. In the first speculation the unearned increment derived from land arises from a wholly sterile28 process, from the mere withholding29 of a commodity which is [280]needed by the community. In the second case, the investor31 in a block of shares does not withhold30 from the community what the community needs. The one operation is in restraint of trade and in conflict with the general interest, and the other is part of a natural and healthy process, by which the economic plant of the world is nourished and from year to year successfully and notably32 increased.
 
Then the right hon. gentleman instanced the case of a new railway and a country district enriched by that railway. The railway, he explained, is built to open up a new district; and the farmers and landowners in that district are endowed with unearned increment in consequence of the building of the railway. But if after a while their business aptitude33 and industry creates a large carrying trade, then the railway, he contends, gets its unearned increment in its turn. But the right hon. gentleman cannot call the increment unearned which the railway acquires through the regular service of carrying goods, rendering34 a service on each occasion in proportion to the tonnage of goods it carries, making a profit by an active extension of the scale of its useful business—he cannot surely compare that process with [281]the process of getting rich merely by sitting still. It is clear that the analogy is not true.
 
We are further told that the Budget proposals proceed on the assumption that there is a corner in land, and that communities are denied the opportunity of getting the land required, whereas, it is asserted, there is in fact nothing approaching a corner in land. I do not think the Leader of the Opposition could have chosen a more unfortunate example than Glasgow. He said that the demand of that great community for land was for not more than forty acres a year. Is that the only demand of the people of Glasgow for land? Does that really represent the complete economic and natural demand for the amount of land a population of that size requires to live on? I will admit that at present prices it may be all that they can afford to purchase in the course of a year. But there are one hundred and twenty thousand persons in Glasgow who are living in one-room tenements35; and we are told that the utmost land those people can absorb economically and naturally is forty acres a year. What is the explanation? Because the population is congested in the city the price of land is high upon the suburbs, and because [282]the price of land is high upon the suburbs the population must remain congested within the city. That is the position which we are complacently36 assured is in accordance with the principles which have hitherto dominated civilised society.
 
But when we seek to rectify37 this system, to break down this unnatural38 and vicious circle, to interrupt this sequence of unsatisfactory reactions, what happens? We are not confronted with any great argument on behalf of the owner. Something else is put forward, and it is always put forward in these cases to shield the actual landowner or the actual capitalist from the logic of the argument or from the force of a Parliamentary movement. Sometimes it is the widow. But that personality has been used to exhaustion39. It would be sweating in the cruellest sense of the word, overtime40 of the grossest description, to bring the widow out again so soon. She must have a rest for a bit; so instead of the widow we have the market-gardener—the market-gardener liable to be disturbed on the outskirts41 of great cities, if the population of those cities expands, if the area which they require for their health and daily life should become larger than it is at present.
 
[283]I should like to point out to the Committee that the right hon. gentleman, in using this argument about the market-gardener, recognises very clearly—and I think beyond the possibility of a withdrawal—the possibility of these cities expanding and taking up a larger area of ground in consequence of the kind of taxation which my right hon. friend in his land taxes seeks to impose. But let that pass. What is the position disclosed by the argument? On the one hand we have one hundred and twenty thousand persons in Glasgow occupying one-room tenements; on the other, the land of Scotland. Between the two stands the market-gardener, and we are solemnly invited, for the sake of the market-gardener, to keep that great population congested within limits that are unnatural and restricted to an annual supply of land which can bear no relation whatever to their physical, social, and economic needs—and all for the sake of the market-gardener, who can perfectly42 well move farther out as the city spreads, and who would not really be in the least injured.
 
We take the view that land cannot be regarded as an ordinary commodity, nor are we prepared to place publicans' licences [284]in the same position as ordinary property. A licence is a gift from the State, and the licensed trade is subject to special restrictions43 and special taxation; this has been recognised by all parties and by all Governments. The position in regard to licences, as we know perfectly well, has been sensibly and, indeed, entirely altered in the course of the last few years. We have seen the assertion on the part of the licensed trade of their right to convert their annual tenancy of a licence from what it has been understood to be, to a freehold, and in that position they must face the logical consequences of the arguments they have used and of their action. If there are any hardships to them in the taxation proposed, let the hardships be exposed to Parliament and they will be considered in no spirit of prejudice or malice44. Do not, however, let us have attempts to represent that the tax which involves an increase in the cost of production extinguishes the profits of the industry. It does not necessarily affect the profits of the industry; it is not a deduction45 from resultant profits; it is an incident in the turnover46. If there are hard cases and special instances, we are prepared to meet them with the closest attention and with [285]a desire to avoid severity or anything like the appearance of harsh treatment of individuals. But we decline to regard licences or land on the same footing as ordinary property. Licences are not to be regarded as ordinary private property, but as public property which ought never to have been alienated47 from the State.
 
No one will deny that we are making very considerable proposals to Parliament for the finance of the year; but the Conservative Party have gravely compromised their power of resistance. Those who desire to see armaments restricted to the minimum consistent with national security, those who labour to combat the scares of war, and to show how many alarms have no foundation,—those are not ill-situated, if they choose to make criticisms on the scale and scope of the finance required for the year's expenditure48. But an Opposition that day after day exposes the First Lord of the Admiralty and the Prime Minister to a rain of questions and cross-questions, the only object of which, or an important object of which, is to promote a feeling of insecurity, involving demands for new expenditure of an almost indefinite character, those who, like the right hon. Member [286]for Dover,[16] hurry to and fro in the land saying—or was it singing?—"We want eight, and we won't wait"—they, at least, are not in the best position to tell the taxpayer49 to call on some one else. Surely a reputation for patriotism50 would be cheaply gained by clamouring for ships that are not needed, to be paid for with money that is to come from other people.
 
There is another set of arguments to which I should like to refer. We have been long told that this Budget would reveal the bankruptcy51 of free-trade finance, and the Leader of the Opposition, seeking from time to time for a sound economic foothold in the fiscal52 quicksands in which he is being engulfed53, has endeavoured to rest the sole of his foot on tariff54 for revenue. The adoption55 of a policy of tariff reform, we have been told, had become absolutely necessary if the revenue of the country was to be obtained and if a natural expansion were to be imparted to it. But now, if we may judge from the newspapers, one of the complaints made against the free-trade system and the free-trade Budget of my right hon. friend is not that the revenue will expand too little, but that [287]there is the possibility that it will expand too much. It is not that we have reached the limits of practicable free-trade taxation, but that the taxation we now ask Parliament to assent56 to, will yield in the second year a much more abundant return than in the first year, and that in subsequent years the yield will increase still further. In the words of The Times newspaper: "The Chancellor of the Exchequer has laid broad and deep the basis of further revenue for future years."
 
Those who lately taunted57 us with being arrested by a dead wall of Cobdenite principles are now bewailing that we have opened up broad avenues of financial advance. They came to bewail the deficit58 of this year: they remained to censure the surplus of next. We may, no doubt, in the future hear arguments of how protection will revive industry and increase employment, as we have heard them in the past; but there is one argument which I should think it unlikely would be effectively used against us in the future, and that is that a free-trade system cannot produce revenue, because one of the criticisms which is emphatically directed against this Budget is on account of that very expansiveness [288]of revenue which it was lately declared a free-trade system never could produce.
 
But that is not the only vindication59 of free-trade finance which is at hand. How have foreign countries stood the late depression in trade? The shortfall of the revenue from the estimates in this country was last year less than two millions, in Germany it was eight millions, and in the United States over nineteen millions. Let the House see what fair-weather friends these protectionist duties are. In times of depression they shrink. In times of war they may fail utterly60. When they are wanted, they dwindle61, when they are wanted most urgently, they fade and die away altogether.
 
And what is true of the taxation of manufactured articles as a foundation for any fiscal policy is true still more of the taxation of food, and of no country is it so true as of this island. For if you were ever engaged in a war which rendered the highways of the ocean insecure the rise in prices would be such that all food taxes would have to be swept away at once by any Government which desired to use the whole vigour62 of its people in prosecuting63 the war. This year, with its [289]trade depression and its excellent maintenance of the revenue, has seen the vindication of free trade as a revenue-producing instrument; next year will see its triumph.
 
I have no apprehensions64 about the Budget which is now before the Committee. As Mr. Gladstone said, in introducing the Reform Bill of 1884, what is wanted to carry this measure is concentration and concentration only, and what will lose this measure is division and division only. And I venture to think that it will not only be a demonstration65 of the soundness of the economic fiscal policy we have long followed, but it will also be a demonstration of the fiscal and financial strength of Great Britain which will not be without its use and value upon the diplomatic and perhaps even upon the naval66 situation in Europe.
 
The right honourable67 Member for East Worcestershire[17] said this Budget was the work of several sessions, if not indeed of several Parliaments. The statement is exaggerated. The proposals outlined do not in any degree transcend68 the limits of the practical. A social policy may be very large, but at the same time it may be very simple. All these projects of [290]economic development, of labour exchanges, of insurance for invalidity, and unemployment, which depend on money grants, may require very careful and elaborate administrative69 adjustment; but so far as Parliament is concerned they do not impose difficulties or make demands upon the time of the House in any way comparable to those which are excited by the passage of an Education or a Licensing70 Bill, and I see no reason whatever why we should not anticipate that in the course of this session and next session we should be able to establish a wide and general system of national insurance, which, more than any other device within the reach of this generation of the workers of our country, will help to hold off from them some of the most fatal and most cruel perils71 which smash their households and ruin the lives of families and of workmen.
 
On many grounds we may commend this Budget to the House. It makes provision for the present. It makes greater provision for the future. Indirect taxation reaches the minimum. Food taxation reaches the minimum since the South African war. Certainly the working classes have no reason to complain. Nothing in the Budget touches the [291]physical efficiency and energy of labour. Nothing in it touches the economy of the cottage home. Middle-class people with between £300 and £2,000 a year are not affected72 in any considerable degree, except by the estate duties, and in that not to a large extent, while in some cases they are distinctly benefited in the general way of taxation. The very rich are not singled out for peculiar73, special, or invidious forms of imposition.
 
The chief burden of the increase of taxation is placed upon the main body of the wealthy classes in this country, a class which in number and in wealth is much greater than in any other equal community, if not, indeed, in any other modern State in the whole world; and that is a class which, in opportunities of pleasure, in all the amenities74 of life, and in freedom from penalties, obligations, and dangers, is more fortunate than any other equally numerous class of citizens in any age or in any country. That class has more to gain than any other class of his Majesty's subjects from dwelling75 amid a healthy and contented76 people, and in a safely guarded land.
 
I do not agree with the Leader of the Opposition, that they will meet the [292]charges which are placed upon them for the needs of this year by evasion77 and fraud, and by cutting down the charities which their good feelings have prompted them to dispense78. The man who proposes to meet taxation by cutting down his charities, is not the sort of man who is likely to find any very extensive source of economy in the charities which he has hitherto given. As for evasion, I hope the right hon. gentleman and his supporters underrate the public spirit which animates79 a proportion at any rate of the class which would be most notably affected by the present taxation. And there is for their consolation80 one great assurance which is worth much more to them than a few millions, more or less, of taxation. It is this—that we are this year taking all that we are likely to need for the policy which is now placed before the country, and which will absorb the energies of this Parliament. And, so far as this Parliament is concerned, it is extremely unlikely, in the absence of a national calamity81, that any further demand will be made upon them, or that the shifting and vague shadows of another impending82 Budget will darken the prospects83 of improving trade.
 
[293]When all that may be said on these grounds has been said, we do not attempt to deny that the Budget raises some of the fundamental issues which divide the historic Parties in British politics. We do not want to embitter84 those issues, but neither do we wish to conceal85 them. We know that hon. gentlemen opposite believe that the revenue of the country could be better raised by a protective tariff. We are confident that a free-trade system alone would stand the strain of modern needs and yield the expansive power which is necessary at the present time in the revenue. And our proof shall be the swift accomplishment86 of the fact. The right hon. gentleman opposite and his friends seek to arrest the tendency to decrease the proportion of indirect to direct taxation which has marked, in unbroken continuity, the course of the last sixty years. We, on the other hand, regard that tendency as of deep-seated social significance, and we are resolved that it shall not be arrested. So far as we are concerned, we are resolved that it shall continue until in the end the entire charge shall be defrayed from the profits of accumulated wealth and by the taxation of those popular indulgences which cannot be said [294]in any way to affect the physical efficiency of labour. The policy of the Conservative Party is to multiply and extend the volume and variety of taxes upon food and necessaries. They will repose87 themselves, not only, as we are still forced to do, on tea and sugar, but upon bread and meat—not merely upon luxuries and comforts, but also on articles of prime necessity. Our policy is not to increase, but whenever possible to decrease, and ultimately to abolish altogether, taxes on articles of food and the necessaries of life.
 
If there is divergence88 between us in regard to the methods by which we are to raise our revenue, there is also divergence in regard to the objects on which we are to spend them. We are, on both sides, inclined to agree that we are approaching, if we have not actually entered on, one of the climacterics of our national life. We see new forces at work in the world, and they are not all friendly forces. We see new conditions abroad and around us, and they are not all favourable89 conditions; and I think there is a great deal to be said for those who on both sides of politics are urging that we should strive for a more earnest, more strenuous90, more consciously [295]national life. But there we part, because the Conservative Party are inclined too much to repose their faith for the future security and pre-eminence of this country upon naval and military preparations, and would sometimes have us believe that you can make this country secure and respected by the mere multiplication91 of ironclad ships. We shall not exclude that provision, and now indeed ask the Committee to enable us to take the steps to secure us that expansion of revenue which will place our financial resources beyond the capacity of any Power that we need to take into consideration. But we take a broader view. We are not going to measure the strength of great countries only by their material resources. We think that the supremacy92 and predominance of our country depend upon the maintenance of the vigour and health of its population, just as its true glory must always be found in the happiness of its cottage homes. We believe that if Great Britain is to remain great and famous in the world, we cannot allow the present social and industrial disorders93, with their profound physical and moral reactions, to continue unchecked. We propose to you a financial scheme, but we also advance a policy [296]of social organisation94. It will demand sacrifices from all classes; it will give security to all classes. By its means we shall be able definitely to control some of the most wasteful95 processes in our social life, and without it our country will remain exposed to vital dangers, against which fleets and armies are of no avail.
 

点击收听单词发音收听单词发音  

1 opposition eIUxU     
n.反对,敌对
参考例句:
  • The party leader is facing opposition in his own backyard.该党领袖在自己的党內遇到了反对。
  • The police tried to break down the prisoner's opposition.警察设法制住了那个囚犯的反抗。
2 protracted 7bbc2aee17180561523728a246b7f16b     
adj.拖延的;延长的v.拖延“protract”的过去式和过去分词
参考例句:
  • The war was protracted for four years. 战争拖延了四年。 来自《简明英汉词典》
  • We won victory through protracted struggle. 经过长期的斗争,我们取得了胜利。 来自《简明英汉词典》
3 acclaimed 90ebf966469bbbcc8cacff5bee4678fe     
adj.受人欢迎的
参考例句:
  • They acclaimed him as the best writer of the year. 他们称赞他为当年的最佳作者。
  • Confuscius is acclaimed as a great thinker. 孔子被赞誉为伟大的思想家。
4 devoted xu9zka     
adj.忠诚的,忠实的,热心的,献身于...的
参考例句:
  • He devoted his life to the educational cause of the motherland.他为祖国的教育事业贡献了一生。
  • We devoted a lengthy and full discussion to this topic.我们对这个题目进行了长时间的充分讨论。
5 temperate tIhzd     
adj.温和的,温带的,自我克制的,不过分的
参考例句:
  • Asia extends across the frigid,temperate and tropical zones.亚洲地跨寒、温、热三带。
  • Great Britain has a temperate climate.英国气候温和。
6 inquiry nbgzF     
n.打听,询问,调查,查问
参考例句:
  • Many parents have been pressing for an inquiry into the problem.许多家长迫切要求调查这个问题。
  • The field of inquiry has narrowed down to five persons.调查的范围已经缩小到只剩5个人了。
7 differentiation wuozfs     
n.区别,区分
参考例句:
  • There can be no differentiation without contrast. 有比较才有差别。
  • The operation that is the inverse of differentiation is called integration. 与微分相反的运算叫做积分。
8 taxation tqVwP     
n.征税,税收,税金
参考例句:
  • He made a number of simplifications in the taxation system.他在税制上作了一些简化。
  • The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
9 demurred demurred     
v.表示异议,反对( demur的过去式和过去分词 )
参考例句:
  • At first she demurred, but then finally agreed. 她开始表示反对,但最终还是同意了。
  • They demurred at working on Sundays. 他们反对星期日工作。 来自《现代英汉综合大词典》
10 condemned condemned     
adj. 被责难的, 被宣告有罪的 动词condemn的过去式和过去分词
参考例句:
  • He condemned the hypocrisy of those politicians who do one thing and say another. 他谴责了那些说一套做一套的政客的虚伪。
  • The policy has been condemned as a regressive step. 这项政策被认为是一种倒退而受到谴责。
11 censure FUWym     
v./n.责备;非难;责难
参考例句:
  • You must not censure him until you know the whole story.在弄清全部事实真相前不要谴责他。
  • His dishonest behaviour came under severe censure.他的不诚实行为受到了严厉指责。
12 licensed ipMzNI     
adj.得到许可的v.许可,颁发执照(license的过去式和过去分词)
参考例句:
  • The new drug has not yet been licensed in the US. 这种新药尚未在美国获得许可。
  • Is that gun licensed? 那支枪有持枪执照吗?
13 chancellor aUAyA     
n.(英)大臣;法官;(德、奥)总理;大学校长
参考例句:
  • They submitted their reports to the Chancellor yesterday.他们昨天向财政大臣递交了报告。
  • He was regarded as the most successful Chancellor of modern times.他被认为是现代最成功的财政大臣。
14 exchequer VnxxT     
n.财政部;国库
参考例句:
  • In Britain the Chancellor of the Exchequer deals with taxes and government spending.英国的财政大臣负责税务和政府的开支。
  • This resulted in a considerable loss to the exchequer.这使国库遭受了重大损失。
15 diverged db5a93fff259ad3ff2017a64912fa156     
分开( diverge的过去式和过去分词 ); 偏离; 分歧; 分道扬镳
参考例句:
  • Who knows when we'll meet again? 不知几时咱们能再见面!
  • At what time do you get up? 你几时起床?
16 accusation GJpyf     
n.控告,指责,谴责
参考例句:
  • I was furious at his making such an accusation.我对他的这种责备非常气愤。
  • She knew that no one would believe her accusation.她知道没人会相信她的指控。
17 entirely entirely     
ad.全部地,完整地;完全地,彻底地
参考例句:
  • The fire was entirely caused by their neglect of duty. 那场火灾完全是由于他们失职而引起的。
  • His life was entirely given up to the educational work. 他的一生统统献给了教育工作。
18 tenure Uqjy2     
n.终身职位;任期;(土地)保有权,保有期
参考例句:
  • He remained popular throughout his tenure of the office of mayor.他在担任市长的整个任期内都深得民心。
  • Land tenure is a leading political issue in many parts of the world.土地的保有权在世界很多地区是主要的政治问题。
19 mere rC1xE     
adj.纯粹的;仅仅,只不过
参考例句:
  • That is a mere repetition of what you said before.那不过是重复了你以前讲的话。
  • It's a mere waste of time waiting any longer.再等下去纯粹是浪费时间。
20 strictly GtNwe     
adv.严厉地,严格地;严密地
参考例句:
  • His doctor is dieting him strictly.他的医生严格规定他的饮食。
  • The guests were seated strictly in order of precedence.客人严格按照地位高低就座。
21 justify j3DxR     
vt.证明…正当(或有理),为…辩护
参考例句:
  • He tried to justify his absence with lame excuses.他想用站不住脚的借口为自己的缺席辩解。
  • Can you justify your rude behavior to me?你能向我证明你的粗野行为是有道理的吗?
22 applied Tz2zXA     
adj.应用的;v.应用,适用
参考例句:
  • She plans to take a course in applied linguistics.她打算学习应用语言学课程。
  • This cream is best applied to the face at night.这种乳霜最好晚上擦脸用。
23 logic j0HxI     
n.逻辑(学);逻辑性
参考例句:
  • What sort of logic is that?这是什么逻辑?
  • I don't follow the logic of your argument.我不明白你的论点逻辑性何在。
24 increment o8Cx6     
n.增值,增价;提薪,增加工资
参考例句:
  • Each increment of knowledge tells us more of our world.知识的点滴增长都会增进我们对世界的认知。
  • She receives a salary increment each year.她每年得到加薪。
25 derived 6cddb7353e699051a384686b6b3ff1e2     
vi.起源;由来;衍生;导出v.得到( derive的过去式和过去分词 );(从…中)得到获得;源于;(从…中)提取
参考例句:
  • Many English words are derived from Latin and Greek. 英语很多词源出于拉丁文和希腊文。 来自《简明英汉词典》
  • He derived his enthusiasm for literature from his father. 他对文学的爱好是受他父亲的影响。 来自《简明英汉词典》
26 civilisation civilisation     
n.文明,文化,开化,教化
参考例句:
  • Energy and ideas are the twin bases of our civilisation.能源和思想是我们文明的两大基石。
  • This opera is one of the cultural totems of Western civilisation.这部歌剧是西方文明的文化标志物之一。
27 speculation 9vGwe     
n.思索,沉思;猜测;投机
参考例句:
  • Her mind is occupied with speculation.她的头脑忙于思考。
  • There is widespread speculation that he is going to resign.人们普遍推测他要辞职。
28 sterile orNyQ     
adj.不毛的,不孕的,无菌的,枯燥的,贫瘠的
参考例句:
  • This top fits over the bottle and keeps the teat sterile.这个盖子严实地盖在奶瓶上,保持奶嘴无菌。
  • The farmers turned the sterile land into high fields.农民们把不毛之地变成了高产田。
29 withholding 7eXzD6     
扣缴税款
参考例句:
  • She was accused of withholding information from the police. 她被指控对警方知情不报。
  • The judge suspected the witness was withholding information. 法官怀疑见证人在隐瞒情况。
30 withhold KMEz1     
v.拒绝,不给;使停止,阻挡
参考例句:
  • It was unscrupulous of their lawyer to withhold evidence.他们的律师隐瞒证据是不道德的。
  • I couldn't withhold giving some loose to my indignation.我忍不住要发泄一点我的愤怒。
31 investor aq4zNm     
n.投资者,投资人
参考例句:
  • My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
  • The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。
32 notably 1HEx9     
adv.值得注意地,显著地,尤其地,特别地
参考例句:
  • Many students were absent,notably the monitor.许多学生缺席,特别是连班长也没来。
  • A notably short,silver-haired man,he plays basketball with his staff several times a week.他个子明显较为矮小,一头银发,每周都会和他的员工一起打几次篮球。
33 aptitude 0vPzn     
n.(学习方面的)才能,资质,天资
参考例句:
  • That student has an aptitude for mathematics.那个学生有数学方面的天赋。
  • As a child,he showed an aptitude for the piano.在孩提时代,他显露出对于钢琴的天赋。
34 rendering oV5xD     
n.表现,描写
参考例句:
  • She gave a splendid rendering of Beethoven's piano sonata.她精彩地演奏了贝多芬的钢琴奏鸣曲。
  • His narrative is a super rendering of dialect speech and idiom.他的叙述是方言和土语最成功的运用。
35 tenements 307ebb75cdd759d238f5844ec35f9e27     
n.房屋,住户,租房子( tenement的名词复数 )
参考例句:
  • Here were crumbling tenements, squalid courtyards and stinking alleys. 随处可见破烂的住房、肮脏的庭院和臭气熏天的小胡同。 来自辞典例句
  • The tenements are in a poor section of the city. 共同住宅是在城中较贫苦的区域里。 来自辞典例句
36 complacently complacently     
adv. 满足地, 自满地, 沾沾自喜地
参考例句:
  • He complacently lived out his life as a village school teacher. 他满足于一个乡村教师的生活。
  • "That was just something for evening wear," returned his wife complacently. “那套衣服是晚装,"他妻子心安理得地说道。 来自英汉文学 - 嘉莉妹妹
37 rectify 8AezO     
v.订正,矫正,改正
参考例句:
  • The matter will rectify itself in a few days.那件事过几天就会变好。
  • You can rectify this fault if you insert a slash.插人一条斜线便可以纠正此错误。
38 unnatural 5f2zAc     
adj.不自然的;反常的
参考例句:
  • Did her behaviour seem unnatural in any way?她有任何反常表现吗?
  • She has an unnatural smile on her face.她脸上挂着做作的微笑。
39 exhaustion OPezL     
n.耗尽枯竭,疲惫,筋疲力尽,竭尽,详尽无遗的论述
参考例句:
  • She slept the sleep of exhaustion.她因疲劳而酣睡。
  • His exhaustion was obvious when he fell asleep standing.他站着睡着了,显然是太累了。
40 overtime aKqxn     
adj.超时的,加班的;adv.加班地
参考例句:
  • They are working overtime to finish the work.为了完成任务他们正在加班加点地工作。
  • He was paid for the overtime he worked.他领到了加班费。
41 outskirts gmDz7W     
n.郊外,郊区
参考例句:
  • Our car broke down on the outskirts of the city.我们的汽车在市郊出了故障。
  • They mostly live on the outskirts of a town.他们大多住在近郊。
42 perfectly 8Mzxb     
adv.完美地,无可非议地,彻底地
参考例句:
  • The witnesses were each perfectly certain of what they said.证人们个个对自己所说的话十分肯定。
  • Everything that we're doing is all perfectly above board.我们做的每件事情都是光明正大的。
43 restrictions 81e12dac658cfd4c590486dd6f7523cf     
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则)
参考例句:
  • I found the restrictions irksome. 我对那些限制感到很烦。
  • a snaggle of restrictions 杂乱无章的种种限制
44 malice P8LzW     
n.恶意,怨恨,蓄意;[律]预谋
参考例句:
  • I detected a suggestion of malice in his remarks.我觉察出他说的话略带恶意。
  • There was a strong current of malice in many of his portraits.他的许多肖像画中都透着一股强烈的怨恨。
45 deduction 0xJx7     
n.减除,扣除,减除额;推论,推理,演绎
参考例句:
  • No deduction in pay is made for absence due to illness.因病请假不扣工资。
  • His deduction led him to the correct conclusion.他的推断使他得出正确的结论。
46 turnover nfkzmg     
n.人员流动率,人事变动率;营业额,成交量
参考例句:
  • The store greatly reduced the prices to make a quick turnover.这家商店实行大减价以迅速周转资金。
  • Our turnover actually increased last year.去年我们的营业额竟然增加了。
47 alienated Ozyz55     
adj.感到孤独的,不合群的v.使疏远( alienate的过去式和过去分词 );使不友好;转让;让渡(财产等)
参考例句:
  • His comments have alienated a lot of young voters. 他的言论使许多年轻选民离他而去。
  • The Prime Minister's policy alienated many of her followers. 首相的政策使很多拥护她的人疏远了她。 来自《简明英汉词典》
48 expenditure XPbzM     
n.(时间、劳力、金钱等)支出;使用,消耗
参考例句:
  • The entry of all expenditure is necessary.有必要把一切开支入账。
  • The monthly expenditure of our family is four hundred dollars altogether.我们一家的开销每月共计四百元。
49 taxpayer ig5zjJ     
n.纳税人
参考例句:
  • The new scheme will run off with a lot of the taxpayer's money.这项新计划将用去纳税人许多钱。
  • The taxpayer are unfavourably disposed towards the recent tax increase.纳税者对最近的增加税收十分反感。
50 patriotism 63lzt     
n.爱国精神,爱国心,爱国主义
参考例句:
  • His new book is a demonstration of his patriotism.他写的新书是他的爱国精神的证明。
  • They obtained money under the false pretenses of patriotism.他们以虚伪的爱国主义为借口获得金钱。
51 bankruptcy fPoyJ     
n.破产;无偿付能力
参考例句:
  • You will have to pull in if you want to escape bankruptcy.如果你想避免破产,就必须节省开支。
  • His firm is just on thin ice of bankruptcy.他的商号正面临破产的危险。
52 fiscal agbzf     
adj.财政的,会计的,国库的,国库岁入的
参考例句:
  • The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
  • The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。
53 engulfed 52ce6eb2bc4825e9ce4b243448ffecb3     
v.吞没,包住( engulf的过去式和过去分词 )
参考例句:
  • He was engulfed by a crowd of reporters. 他被一群记者团团围住。
  • The little boat was engulfed by the waves. 小船被波浪吞没了。 来自《简明英汉词典》
54 tariff mqwwG     
n.关税,税率;(旅馆、饭店等)价目表,收费表
参考例句:
  • There is a very high tariff on jewelry.宝石类的关税率很高。
  • The government is going to lower the tariff on importing cars.政府打算降低进口汽车的关税。
55 adoption UK7yu     
n.采用,采纳,通过;收养
参考例句:
  • An adoption agency had sent the boys to two different families.一个收养机构把他们送给两个不同的家庭。
  • The adoption of this policy would relieve them of a tremendous burden.采取这一政策会给他们解除一个巨大的负担。
56 assent Hv6zL     
v.批准,认可;n.批准,认可
参考例句:
  • I cannot assent to what you ask.我不能应允你的要求。
  • The new bill passed by Parliament has received Royal Assent.议会所通过的新方案已获国王批准。
57 taunted df22a7ddc6dcf3131756443dea95d149     
嘲讽( taunt的过去式和过去分词 ); 嘲弄; 辱骂; 奚落
参考例句:
  • The other kids continually taunted him about his size. 其他孩子不断地耻笑他的个头儿。
  • Some of the girls taunted her about her weight. 有些女孩子笑她胖。
58 deficit tmAzu     
n.亏空,亏损;赤字,逆差
参考例句:
  • The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
  • We have a great deficit this year.我们今年有很大亏损。
59 vindication 1LpzF     
n.洗冤,证实
参考例句:
  • There is much to be said in vindication of his claim.有很多理由可以提出来为他的要求作辩护。
  • The result was a vindication of all our efforts.这一结果表明我们的一切努力是必要的。
60 utterly ZfpzM1     
adv.完全地,绝对地
参考例句:
  • Utterly devoted to the people,he gave his life in saving his patients.他忠于人民,把毕生精力用于挽救患者的生命。
  • I was utterly ravished by the way she smiled.她的微笑使我完全陶醉了。
61 dwindle skxzI     
v.逐渐变小(或减少)
参考例句:
  • The factory's workforce has dwindled from over 4,000 to a few hundred.工厂雇员总数已经从4,000多人减少到几百人。
  • He is struggling to come to terms with his dwindling authority.他正努力适应自己权力被削弱这一局面。
62 vigour lhtwr     
(=vigor)n.智力,体力,精力
参考例句:
  • She is full of vigour and enthusiasm.她有热情,有朝气。
  • At 40,he was in his prime and full of vigour.他40岁时正年富力强。
63 prosecuting 3d2c14252239cad225a3c016e56a6675     
检举、告发某人( prosecute的现在分词 ); 对某人提起公诉; 继续从事(某事物); 担任控方律师
参考例句:
  • The witness was cross-examined by the prosecuting counsel. 证人接受控方律师的盘问。
  • Every point made by the prosecuting attorney was telling. 检查官提出的每一点都是有力的。
64 apprehensions 86177204327b157a6d884cdb536098d8     
疑惧
参考例句:
  • He stood in a mixture of desire and apprehensions. 他怀着渴望和恐惧交加的心情伫立着。
  • But subsequent cases have removed many of these apprehensions. 然而,随后的案例又消除了许多类似的忧虑。
65 demonstration 9waxo     
n.表明,示范,论证,示威
参考例句:
  • His new book is a demonstration of his patriotism.他写的新书是他的爱国精神的证明。
  • He gave a demonstration of the new technique then and there.他当场表演了这种新的操作方法。
66 naval h1lyU     
adj.海军的,军舰的,船的
参考例句:
  • He took part in a great naval battle.他参加了一次大海战。
  • The harbour is an important naval base.该港是一个重要的海军基地。
67 honourable honourable     
adj.可敬的;荣誉的,光荣的
参考例句:
  • I don't think I am worthy of such an honourable title.这样的光荣称号,我可担当不起。
  • I hope to find an honourable way of settling difficulties.我希望设法找到一个体面的办法以摆脱困境。
68 transcend qJbzC     
vt.超出,超越(理性等)的范围
参考例句:
  • We can't transcend the limitations of the ego.我们无法超越自我的局限性。
  • Everyone knows that the speed of airplanes transcend that of ships.人人都知道飞机的速度快于轮船的速度。
69 administrative fzDzkc     
adj.行政的,管理的
参考例句:
  • The administrative burden must be lifted from local government.必须解除地方政府的行政负担。
  • He regarded all these administrative details as beneath his notice.他认为行政管理上的这些琐事都不值一顾。
70 licensing 7352ce0b4e0665659ae6466c18decb2a     
v.批准,许可,颁发执照( license的现在分词 )
参考例句:
  • A large part of state regulation consists of occupational licensing. 大部分州的管理涉及行业的特许批准。 来自英汉非文学 - 行政法
  • That licensing procedures for projects would move faster. 这样的工程批准程序一定会加快。 来自辞典例句
71 perils 3c233786f6fe7aad593bf1198cc33cbe     
极大危险( peril的名词复数 ); 危险的事(或环境)
参考例句:
  • The commander bade his men be undaunted in the face of perils. 指挥员命令他的战士要临危不惧。
  • With how many more perils and disasters would he load himself? 他还要再冒多少风险和遭受多少灾难?
72 affected TzUzg0     
adj.不自然的,假装的
参考例句:
  • She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
  • His manners are affected.他的态度不自然。
73 peculiar cinyo     
adj.古怪的,异常的;特殊的,特有的
参考例句:
  • He walks in a peculiar fashion.他走路的样子很奇特。
  • He looked at me with a very peculiar expression.他用一种很奇怪的表情看着我。
74 amenities Bz5zCt     
n.令人愉快的事物;礼仪;礼节;便利设施;礼仪( amenity的名词复数 );便利设施;(环境等的)舒适;(性情等的)愉快
参考例句:
  • The campsite is close to all local amenities. 营地紧靠当地所有的便利设施。
  • Parks and a theatre are just some of the town's local amenities. 公园和戏院只是市镇娱乐设施的一部分。 来自《简明英汉词典》
75 dwelling auzzQk     
n.住宅,住所,寓所
参考例句:
  • Those two men are dwelling with us.那两个人跟我们住在一起。
  • He occupies a three-story dwelling place on the Park Street.他在派克街上有一幢3层楼的寓所。
76 contented Gvxzof     
adj.满意的,安心的,知足的
参考例句:
  • He won't be contented until he's upset everyone in the office.不把办公室里的每个人弄得心烦意乱他就不会满足。
  • The people are making a good living and are contented,each in his station.人民安居乐业。
77 evasion 9nbxb     
n.逃避,偷漏(税)
参考例句:
  • The movie star is in prison for tax evasion.那位影星因为逃税而坐牢。
  • The act was passed as a safeguard against tax evasion.这项法案旨在防止逃税行为。
78 dispense lZgzh     
vt.分配,分发;配(药),发(药);实施
参考例句:
  • Let us dispense the food.咱们来分发这食物。
  • The charity has been given a large sum of money to dispense as it sees fit.这个慈善机构获得一大笔钱,可自行适当分配。
79 animates 20cc652cd050afeff141fb7056962b97     
v.使有生气( animate的第三人称单数 );驱动;使栩栩如生地动作;赋予…以生命
参考例句:
  • The soul animates the body. 灵魂使肉体有生命。 来自辞典例句
  • It is probable that life animates all the planets revolving round all the stars. 生命为一切围绕恒星旋转的行星注入活力。 来自辞典例句
80 consolation WpbzC     
n.安慰,慰问
参考例句:
  • The children were a great consolation to me at that time.那时孩子们成了我的莫大安慰。
  • This news was of little consolation to us.这个消息对我们来说没有什么安慰。
81 calamity nsizM     
n.灾害,祸患,不幸事件
参考例句:
  • Even a greater natural calamity cannot daunt us. 再大的自然灾害也压不垮我们。
  • The attack on Pearl Harbor was a crushing calamity.偷袭珍珠港(对美军来说)是一场毁灭性的灾难。
82 impending 3qHzdb     
a.imminent, about to come or happen
参考例句:
  • Against a background of impending famine, heavy fighting took place. 即将发生饥荒之时,严重的战乱爆发了。
  • The king convoke parliament to cope with the impending danger. 国王召开国会以应付迫近眉睫的危险。
83 prospects fkVzpY     
n.希望,前途(恒为复数)
参考例句:
  • There is a mood of pessimism in the company about future job prospects. 公司中有一种对工作前景悲观的情绪。
  • They are less sanguine about the company's long-term prospects. 他们对公司的远景不那么乐观。
84 embitter cqfxZ     
v.使苦;激怒
参考例句:
  • The loss of all his money embitters the old man.失去全部的钱,使这位老人甚为痛苦。
  • Hops serve to embitter beer.酒花的作用是使啤酒发苦。
85 conceal DpYzt     
v.隐藏,隐瞒,隐蔽
参考例句:
  • He had to conceal his identity to escape the police.为了躲避警方,他只好隐瞒身份。
  • He could hardly conceal his joy at his departure.他几乎掩饰不住临行时的喜悦。
86 accomplishment 2Jkyo     
n.完成,成就,(pl.)造诣,技能
参考例句:
  • The series of paintings is quite an accomplishment.这一系列的绘画真是了不起的成就。
  • Money will be crucial to the accomplishment of our objectives.要实现我们的目标,钱是至关重要的。
87 repose KVGxQ     
v.(使)休息;n.安息
参考例句:
  • Don't disturb her repose.不要打扰她休息。
  • Her mouth seemed always to be smiling,even in repose.她的嘴角似乎总是挂着微笑,即使在睡眠时也是这样。
88 divergence kkazz     
n.分歧,岔开
参考例句:
  • There is no sure cure for this transatlantic divergence.没有什么灵丹妙药可以消除大西洋两岸的分歧。
  • In short,it was an age full of conflicts and divergence of values.总之,这一时期是矛盾与价值观分歧的时期。
89 favourable favourable     
adj.赞成的,称赞的,有利的,良好的,顺利的
参考例句:
  • The company will lend you money on very favourable terms.这家公司将以非常优惠的条件借钱给你。
  • We found that most people are favourable to the idea.我们发现大多数人同意这个意见。
90 strenuous 8GvzN     
adj.奋发的,使劲的;紧张的;热烈的,狂热的
参考例句:
  • He made strenuous efforts to improve his reading. 他奋发努力提高阅读能力。
  • You may run yourself down in this strenuous week.你可能会在这紧张的一周透支掉自己。
91 multiplication i15yH     
n.增加,增多,倍增;增殖,繁殖;乘法
参考例句:
  • Our teacher used to drum our multiplication tables into us.我们老师过去老是让我们反覆背诵乘法表。
  • The multiplication of numbers has made our club building too small.会员的增加使得我们的俱乐部拥挤不堪。
92 supremacy 3Hzzd     
n.至上;至高权力
参考例句:
  • No one could challenge her supremacy in gymnastics.她是最优秀的体操运动员,无人能胜过她。
  • Theoretically,she holds supremacy as the head of the state.从理论上说,她作为国家的最高元首拥有至高无上的权力。
93 disorders 6e49dcafe3638183c823d3aa5b12b010     
n.混乱( disorder的名词复数 );凌乱;骚乱;(身心、机能)失调
参考例句:
  • Reports of anorexia and other eating disorders are on the increase. 据报告,厌食症和其他饮食方面的功能紊乱发生率正在不断增长。 来自《简明英汉词典》
  • The announcement led to violent civil disorders. 这项宣布引起剧烈的骚乱。 来自《简明英汉词典》
94 organisation organisation     
n.组织,安排,团体,有机休
参考例句:
  • The method of his organisation work is worth commending.他的组织工作的方法值得称道。
  • His application for membership of the organisation was rejected.他想要加入该组织的申请遭到了拒绝。
95 wasteful ogdwu     
adj.(造成)浪费的,挥霍的
参考例句:
  • It is a shame to be so wasteful.这样浪费太可惜了。
  • Duties have been reassigned to avoid wasteful duplication of work.为避免重复劳动浪费资源,任务已经重新分派。


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