10 JUNE 1922, Page 2

Lord Inchcape went on to deplore the fact that the

extrava- gance of the Government had beeneallowe,d-teicontinue so long. Eir Eric Geddes had been called in with_his -axe three years earlier in all probability there wouldhe a lia.tinoome-tax to-day." Thbugb, the past could not be reealhxl, the best-thing that could happen now would be thattthe Nation shoal& hold the Govern- ment resolutely to economy. If that were done there could quite. well be " a further remission of taxation before long." Trade would respond handsomely when it was na longer necessary for people to pour out all their savings in satisfying-the tax- collector- and - the ratemollector: