4 MARCH 1922, Page 2

Sir Robert Horne naturally said nothing about relief for the

taxpayer, as any statement on that subject must be reserved for the Budget. But the figures which he presented on Wed- nesday do not leave much room for any reduction of taxation. Yet upon a considerable reduction the revival of trade almost entirely depends. As regards education the Government have evidently been impressed by the by-elections. The savings on education are to be reduced from the 18 millions recommended by the Geddes- Committee to 6it millions. We believe that there are plenty of opportunities for large savings in education, though we have resisted -the proposed reduction of the teachers' salaries. The. Department of Overseas Trade is to be retained, though it will become part- of the Board of Trade.