12 JANUARY 1918, Page 12

THE CONSCRIPTION OF CAPITAL.

(To rite Kerma or ran " SPECTATOR.") SIR,—Including Super Tax, I have to pay .6900 a year Income Tax. This X900 is the whole income I derive from 418,000 saved during a professional career of forty years, and every shilling of this X18,000 has already paid its full Income Tax in the days gone by. Is not this Conscription of Capital ? It enables the Government to borrow X18,000, and to put it into their till. What more would they have if they called for and obtained a transfer deed of the