14 APRIL 1928, Page 3

The greatest tactical futility of the Conference was to adopt

with enthusiasm both the Capital Levy and the Surtax. One or the other would be_ possible, though .detrimental. But both.!. The Capital Levy would knock away the „very, financial foundation which is held to justify the expectation of the I.L.P. that /85,000,000 could be raised annually by the Surtax. _ * * -*