On Wednesday some interesting evidence was given before the Income-Tax
Committee by Mr. Mallet, one of the Com- missioners of Inland Revenue. Mr. Mallet placed the national income at £1,800,000,000, against the Z700,000,000 of Prussia. The capital of the United Kingdom he estimated as £8,500,000,000, which was double that of France, and four times that of Italy. According to his estimate, the number of persons possessed of fortunes of over £40,000 was in the United Kingdom thirty thousand ; in France fifteen thousand ; in Prussia eleven thousand ; and in Italy fifteen hundred. Comparing the British Income-tax with that of foreign. countries, Mr. Mallet said that whereas an Englishman with an income of £1,000 paid £50, a Prussian paid LP?, 10s. in the case of unearned income, and £30 in the case of earned income. With an income up to £320, however, the Prussian was the more heavily taxed of the two. The evidence to be given before the Committee promises to be of great interest.'
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