27 APRIL 1901, Page 14

THE BUDGET.

[TO THE EDITOR OF THE "SPECTATOR."'

Sun,—The paragraph at the beginning of your last number (April 20th) says of the Budget : "Its chief feature is the proposal greatly to increase indirect taxation." Is it not at least equally notable that the Chancellor's scheme will, as he showed, for the first time make the revenue from direct taxation (50.3 per cent. of the whole) greater than that from indirect (49.7 per cent.) ?—I am, Sir, &c., E. M.