WAR LOANS AND. THE_ TAXPAYER..
(To THE EDITOR or THE " Seressees."1 Sine-Sir R. Horne tried to make a point in the Huuse. of, iGommons• the other day by. claiming. that 350 millions of the. !present huge taxation was. not a. burden on. industry, inasmuch 'as .it was repaidin the.shapesof interest on War.Loans. Does, he forget' that the. capital sum in respect of whielithis interest. is paid came .out of the pockets of the taxpayers? and that thee capital available for industry is depleted to. that extent? All. taxation..is. a burden. on. industry, . Does. Sir R. Horne mean. no more. than the "truism: that if- nobody got any interest on any capital industry: would be, temporarily. relieved? Unfor- tunately people, hereto live. andspay:for what they- COHAIIME, and also have to save, or industry.would collapse altogethersse-
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