- We wish we had space to deal further with
the Daily Chronicle's very valirable statistical article of -Wednesday, from-which we have just _quoted. The proof which it adduces of the way in -which heer-has flourished on war is very remarkable. A most -significant sign of the new-prosperity in- war is-the recovery of non-dividend-paying concerns: As examples some ten firms -are mentioned; all of which are doing better. Among them is one -hrew•ery -which, though it declared- nothing for three years, -has since -the, war resumed dividends on ordinary capital. Brewers will no doubt point. to the fact that there has been•a -falling off in- the actual. volume of the manufactured liquid, but this..is compensated for by the higher price. The brewers have, Very naturally and. properly from their point of view, not merely -.passed' on, . but a good deal more than passed on, -the new taxation. „That is a fact to remember when we are next told- that an increase of taxation will utterly ruin
the trade."
Previous page
