1 MAY 1909, Page 2

In a Budget of disagreeables one of the few consoling

features is the splendid result obtained by the Income-tax in the past year. The tax was act:m.11y levied on Z1,040,000,000 of income, and, in spite of the recent rebate given to earned incomes, each . penny of tax actually yielded 22,838,000, or 2133,000 more per penny than in 1007-8. A tax which shows such power and elasticity is surely one which should not be lightly tampered with.