30 NOVEMBER 1929, Page 38

PATRIOTIC EFFORT.

When the War was in progress it must be remembered that holders of securities were taxed up to 6s. in the 1 on their interest on securities, to say nothing of Super Tax and Death Duties and the Excess Profits Duty. Capitalists and workers alike, to the full measure of their strength, supported the various national War Loans and many were the cases where in addition to the actual price paid for the Loan, patriotic subscribers' paid their bankers interest on suns borrowed to obtain the Loans because, although they wished to support and aid their country, they simply had not the means at their disposal and had to anticipate future income.