4 NOVEMBER 1916, Page 10

tobacco monopoly in France, Italy, Austria, Japan, Spain, and Sweden

The author has no difficulty in showing, by moans of a great array of official statistics, that a tobacco monopoly is less profitable to ths State than a tobacco duty, and that it affords an object-lesson of ths economic weakness of the Collectivist doctrine. The consumer suffers, of course, and the monopolist country has no export trade in tobacco, to say nothing of the trouble involved in the State management of an industry.