If the war is remarkable for nothing else, it will always stand out in history og an event which has established more new principles than any which has happened before. To state two years ago that a British Parliament would limit rentals and the returns on mortgages would have been to court ridiou'e: yet this is being done by a Bill introduced in the House of Commons by Mr. Walter Long. The equities of the case for the Bill are of such a nature that serious attention cannot be denied them and the refusal to accept the wer as a reason for increasing rents above their pre-war level lengthy expatiation. The outstanding feature of the war legislation seems to be the enunciation of the doctrine that! monopolists should not be allowed to gather in all the plums, At th same time the present Bill is a decided advance upon the principle as originally laid down in the Bill for taxing war profits. There it seemed that the monopolist might be allowed to reap the benefits of the present state of affairs, the state receiving a considerable portion in the shape of a heavy tax. The new Bill, however, seems to deny the right of the landlord to obtain any greater advantage from his capital than he did in the deve before the war, and while he may possibly complain at his inability to make arrangemente thus to meet an increased income tax, he strengthens, by any such plaint, the cage of a government which has apparently struck the mark in an attempt to prevent increased taxation being ultimately borne by the consumer, in this case the tenant.
Tea. 9.
Text read from the printed page and cleaned; old type leaves the occasional error.