16 MAY 1925, page 1

After The Recent Nouncil Of - Ministers It Was Said That

M. Caillaux saw his way to introchice economies to the value of £7,000,000 a year, but we still do not know hovi he is going to do . it. Nor do we see what M. Caillaux is doing......

* * As Regards New Taxation, M. Caillaux Spoke Of

raising the Income Tax, particularly on large incomes and on . those deriVed from agriculture, and of raising the price of tobacco. 'He also intends to put higher taxes on sugar......

M. Caillaux Is- Therefore In An Extremely Difficult...

he plainly wants to do the 'right thing, but a :certain - caution even , it - it were not wise would be inevitable; 'since . h e has to get a promise of support froni7''pettple......

Iti Confessing That He Could Not Get On Without Further

loans or _credit transactions this year, M. Caillaux said that the service of the principal loan would be provided for by such reparations as could reasonably be expected from......

News Of The - Week V A Very Eonntry•in Europe Would Feel...

g 2 by the production of satisfactory. - evidence that Prance at last means to face iealities and put her finaneial house in order. - - The Statement - which M. Caillaux made to......

Editorial And P Db/ 'shine} Offices - : 13 -york Street,...

garden, London,_W .C. 2.—A Subscription to The "Spectator" costs Thirty Shillings per annum, .includirig pOsiab to any pail of tlu, work'. The Postage on this isr inland.......