Evening star., 1915-10-16

total war borrowings will hardly pc
less than $4,000. 100000. even upon tHe
most optimistic forecast as to the prop
able end of the war. AS time goes on
he anticipates a higher interest charge
than Great Britain is now paying, SO
that the cost of interest and manage
ment may we'll touch $500, ,0oe.ooo
year. To this he would add S1o0,ooo.-
900 for sinking fund and an equal sum
for war allowances and pensions.
Extra Burden in Taxes.
Toward meeting these charges he
wrote, I'VE have at present a revenue
of s1.35O,000, 900 annually. From this
must be deducted s1,035,Oo0.o0o, the
normal annual peace expenditure. This
leaves an available balance OF s3l5.-
600, 900. Therefore the task before the
government is to fill the gap between
s315, 900, 900 and approximately SIoo,-
100000. This can only be done py Hsw
taxation. 1t must be remembered that
the empire adopted war n1ageo i.;i III
November last by which an addltlonal
s315, 900 has been added to the Dur
den of taxes. OF this added sum more
than half will be absorbed IN paying
interest upon the loans already issued;
unless more money is speedily raised
by ,taxation," is "Coalitionist's" con-
culsion, Great Britain will have 10
borrow money to pay interest on pre-
vious loans"
This will be done by taxing practi-
cally everything in the United hlnguoI,l I1
at rate never thought of before Ihat
25 per cent tax on some opulent m
comes will be imposed is considered ex-
tremely likely. a fiat rate of shilling
on the pound on all incomes large
enough to stand up and be counted Is
probable. A very healthy addition to
the taxes on all alcoholic liquors and
tobacco has been discounted Tea ana
sugar are also to become luXurles III
every sense of the word. salt may nave
to stand tax. Among the sugsesIio IONS
recently made in London by q. l..
Beyan. who is a very we'll known busl-
ness man, are:
Taxes on indoor male servants and
dogs to be trebled; taxes to be leVled
on all tickets for cinema, theater or
music hall entertainments, and on all
especially posters an
imports in the nature of luXuraes TO be
taxed. A suggestion is two-shllllhs
tax on petrol used in privately owned
automob obiles: the post once TO De put
on a paying basis by increasing the
cost of service and making fewer de-
liveries.
Another writer upon economical sub
jects suggested a very heavy tax upon
land. This will be resisted,
for it inevitably means that the great
private estates which have been the
pride of England's aristocratic classes
for generations will be broken up. But
few think that the lawn owners can re-
sist the pressure which will be brought
on them. An annual interest charge OF
700. 900 works out roughly at si5
a head for every one of Great Britain's
or drayman. girl, child or
banker-old enough to be counted by
the census takers. Too many of them
are utterly unable to pay any such tax
1t m. MS frightfully increased burden
for the man and woman of the upper
and middle classes.
After the war there will be more
taxation on capital, less easy conditions
for labor, and less slackness in the cul-
tivation of land" said Archbishop Cum
ningham of Ely to the British Associa-
ton in session at Manchester. Bishop
is an optimist. He be-
others believe with him
that Great Britain will be in better
financial position after the war than
any of the belligerents. If it continues
as it now promises to continue, most of
them will be absolute bankrupts
The grandchildren will have little ap-
petite for war as they work out this
generation's debts.