26 FEBRUARY 1921, Page 1

The People's Union for Economy, the body of which Lord

Salisbury is President, and which has on its committee a large number of distinguished Unionists, Liberals, and business men, has issued an excellent manifesto to every Member of both Houses of Parliament. The manifesto wisely dwells upon the evils of intolerable rates and taxes rather than upon the details

of that lower expenditure which must be the result of a reduction in the taxes. " Waste must be extirpated, and expenditure, even upon-desirable objects; - mtist for the present be severely restricted."

" The People's Union for Eooncsany therefore advocates, in the first instance, that a definite hum should be fixed each year, beyond which public expenditure should not go without the special authority of Parliament, only to be given in vary exceptional cases. This sum should be fixed as low as possible, after taking• into consideration the -advice' of an- independent commission of experts as to the taxable Capacity of the country —that' is,' the- amount which may be raised without-injury to the revival and progress of- the nation,- and ,Vehich Should in no case be exceeded. Once fixed, a definite share of it should be allotted to each of the Departments 01' the State; on whom should be placed the responsibility of making the - best -'use possible of it, subject to review by the Committee on National Expenditure or some Other similar body."