INCOME TAX REVENUE. •
Nevertheless, there arc other factors in the situation which have to be taken into serious consideration when weighing the prospects for the coming new budgetary year. In' the first place, it has to be remembered that the increased revenues have been largely due to the fact that Income Taxpayers were called upon to give up during the first quarter of this year three-fourths of the Income Tax for the entire year, whereas it has been cus- tomary to pay up only fifty per cent. Of course, there is the possibility of the Income Taxpayers being called upon to make a similar effort a year hence, but even so it must be kept in mind that the year then covered by the new assessments will apply to a period of. record financial and industrial depression, and it is difficult to see how the Chancellor of the Exchequer can avoid fieing a very serious falling off both in Income and Sur-Tai,
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