The Hague Rules, 1921, Explained. By Sanford D. Cole. (Effingham
Wilson. 2s. 6d. net.)—The Maritime Law Com- mittee of the International Law Association, with the co-opera- tion of shipowners, shippers, bankers and underwriters, drew up last month at The Hague a new set of rules defining the risks to be assumed by sea carriers under a bill of lading. Mr. Colo in this useful pamphlet relates briefly the history of the bill of lading and the circumstances under which this attempt to simplify and standardize the oonditions have been made. He then explains the new rules, of which he gives the full text•.-4 Excess Profits Duty and Corporation Profits Tax (1921 Supple." ment). By J. Gault. (Same publisher. 2s. net.)—,Mr. Gault has done well to prepare this supplement to his book, containing the text of the last Finance Act so far as it relates to the profits taxes with some new cases and a few comments. Excess Profits Duty has ceased in name, but it will, in fact, continue to trouble the Exchequer and all traders for a long time to come, and it is likely to cost the nation a vast sum this year in repay- ments occasioned by the depression in trade. The Corporation Profits Tax, too, though apparently simple, is being developed by the misplaced ingenuity of the departmental authorities into something very different from a tax of 5 per cent. on the profits of limited companies. Mr. Gault's pamphlet, therefore, deserves attention.
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