30 APRIL 1932, Page 32

Finance—Public & Private

Further Thoughts on the Budget

So far, at all events, as the City is concerned, any dis- appointment at the retention of the high Income Tax and -the failure to make concessions in other directions has quickly given place to general approval of the sound and rigid character of the Budget. The more the general situation is studied, both as regards local and inter- national conditions, the clearer is the recognition of the difficult times which have still to be faced and also of the factthat for the moment our political leaders will best fulfil their duty by impressing upon the nation the need for the continuance of endurance and effort for some time longer before there can be relaxation in the matter of taxation.