In contrast with some countries, there is no sign whatever that, much a6 the war is costing Great Britain, her finances have apeven within measurable distance of feeling the strain. A nation with a normal income of 2,000 millions can afford to spend quarter of it on war. Consider. able importance, however, attaches to the question as to the best means the Government can employ to obtain the sums the Chancellor of the Exchequer will need. Ought they to be obtained by taxation or by borrowing? To get as much as possible out of the country by taxation means hampering the springs of industry: to borrow with the idea of sav the taxpayer means postponing difficulties until another day. As usual, the via media should prove the best and the Chancellor of the Exchequer has, at all events, this to encourage him in prosecuting it, that the nation is prepared for a steep bill and will be ready, when the war 's over, to go without many of he reforms which under the term 60- cial legislation have been promised to it.
Text read from the printed page and cleaned; old type leaves the occasional error.