24 JULY 1869, Page 3

Hungary is getting on well financially. There was a surplus

for 1868, the rental of the State domains and the receipts from indirect taxes having largely increased. There has been a falling- off, however, in the direct taxes, due, the Minister thinks, to want of severity in their collection, but due, it would rather appear, to the extreme and absurd severity of their incidence. The income- tax in Hungary is 2s. in the pound, and the direct taxation on land amounts to 6s. 8d. in the pound of the net income from it. Hear that, country gentlemen of England, who are appalled by a legacy duty, or an increase in the county rates from twopence to twopence halfpenny