5 NOVEMBER 1927, Page 18

THE PROPOSED SOCIALIST SURTAX

[To the Editor of the SPECTATOR.]

SIR,—You say, " Professor Bowley and Sir Josiah Stamp !rive calculated, if our memory does not mislead us, that if the excess income of those families which have more than £500 a year were distributed among families which have less, the benefiting families would get only an increase of 5s. a week."

As far as Sir J. Stamp, at least, is concerned, yours is an understatement. His figure is not £500, but £250. See

Wealth and Taxable Capacity, p. am, Sir, &c.,

A. A. MITCHELL.

7 liuntly Gardens, Glasgow.