20 AUGUST 1932, Page 26

THE GOVERNMENT'S RESPONSIBILITY.

Nevertheless, and so far especially as British Funds are concerned, there is little. doubt that much, in fact almost everything will depend upon the determination of the National Government to continue its work of economy in the national expenditure. The investors (Continued on page 248)

Finance—Public and Private

(Continued from page 246.) of the country have made a magnificent response to the Chancellor's appeal, a response akin to that which was made last January by the taxpayer, and it now remains to be seen whether the Government will respond to the response by achieving such wise reductions in un. productive national expenditure as to bring about the early remission of some part of the present onerous taxation.