May 4, Norwirnstaxpina the fact that_a commission is sitting to inquire into the possibility or advisability of a levy on war wealth, and that parliamentary leaders of the calibre of Mr.
Bonar Law have given a kind of blessing to the theory of a capital levy, financial and commercial circles in Great Britain have not so far displayed any real nervousness over the project. But this is not because they believe in the soundness of such a levy. It is merely because they have confidence that the country's common sense, plus doubts as to its feasibility, will preclude its adoption. Scanning the commercial horizon during these: past two or three months, the only cloud we can see which created real uneasiness was the increase in the Bank rate. This meant curbing the easy flow of money in the direction of industrial enterprise, and at a time
Text read from the printed page and cleaned; old type leaves the occasional error.