THE SURTAX
[To. the Editor of the SPECTATOR.] Sin,—As a regular Socialist reader of your paper I feel com- pelled to protest against, your comments on Mr. Lees-Smith's letter to the. Nation in regard to the proposed surtax, in that they grotesquely misrepresent the categorical statements of that distinguished economist.
If he made one argument clearer than any other it was that there was no doubt that a sum of £85 millions could be raised within the formula of the Labour executive's report. Your comment is to charge him with " invertebrate optimism " because in his letter he referred to extraneous factors which might increase the yield.
To summarize his arguments by that reference is, I subinit, a shallow and unworthy action; and contrary to the Spectator's usual practice in dismissing an opponent.--I an, Sir, &c., Hill Top, Ducks Hill, Northwood. R. M. BRADBUR'S', B.Se.(Econ.).
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