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The Report of Mr. Hubbard's committee, appointed to inuire into

the inequalities of the income tax, has been presented to Par- liament. It is called a Report, but it is rather an apology for not reporting. Mr. Hubbard's scheme was examined, and was not ac- cepted. The committee are dissatisfied with it, and are equally dis- satisfied with the present state of things. Mr. Lowe has succeeded in shaking their confidence in any change, and has not succeeded in giving them confidence in things as they are. The committee felt unequal to the occasion, and say so.

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