text_original: He had merely to spend his predecessor's surplus. He did it by taking Id. off the income tax — thus reducing it to the lowest figure — 2d. — at which it ever stood ; he i epealed the sugar duties and the tax on horses, and he made a wise readj ustment of the finance of the Post Office Savings Bank.
text_transcription: HE HAD MERELY TO SPEND HIS PREDECESSOR'S SURPLUS HE DID IT BY TAKING ONE PENCE OFF THE INCOME TAX THUS REDUCING IT TO THE LOWEST FIGURE TUPPENCE AT WHICH IT EVER STOOD HE REPEALED THE SUGAR DUTIES AND THE TAX ON HORSES AND HE MADE A WISE READJUSTMENT OF THE FINANCE OF THE POST OFFICE SAVINGS BANK
phonemes: hiː hæd mˈɪɹli tə spˈɛnd hɪz pɹˈɛdᵻsˌɛsɚz sˈɜːplʌs. hiː dˈɪd ɪt baɪ tˈeɪkɪŋ aɪdˈiː. ˈɔf ðɪ ˈɪŋkʌm tˈæks — ðˈʌs ɹᵻdˈuːsɪŋ ɪt tə ðə lˈoʊɪst fˈɪɡjɚ — tˈuː dˈiː. — æt wˌɪtʃ ɪɾ ˈɛvɚ stˈʊd ; hiː ˈaɪ ˈɛpiːld ðə ʃˈʊɡɚ dˈuːɾiz ænd ðə tˈæks ˌɔn hˈɔːɹsᵻz, ænd hiː mˌeɪd ɐ wˈaɪz ɹˌiːɐdʒ ˈʌstmənt ʌvðə fˈaɪnæns ʌvðə pˈoʊst ˈɑːfɪs sˈeɪvɪŋz bˈæŋk.