Sold for £504,000,000
Lord Inverforth, Minister of Munitions, in his introductory note to a White Paper on the sale surplus War Stores, says that, pending the presentation of the Ministry of Munitions Appropriation Account for the year 1919-20, be has thought it desirable to bring to the notice of Parliament the financial results of the sale of surplus Government property, The grand: total of sales of surplus Government star stores and of raw materials on trading accounts from the armistice to June ~30, 19%, amounts in round numbers to £504,000,000, The sales of surplus stores to date represent approximately 93 per cent. of the total surpluses notified to the Ministry as available for disposal to June 30. As very large stocks of surplus stores have still to be notified for disposal, Lord Inverarniother £800,000,000 may reason: to. the £504,000,000 shown' above. forth estimates that, in addition ably be expected to accrue to the Exchequer. The Disposal. Board, of which Lord Inverforth is pre-seven months ending with July 31] sident, and Sir Howard Frank, there have, been 52° murders in Bart., x.c.8., chairman, was con: Greater New York, it is well to stituted on January 23, 1919. remember both the mimper of uiil- Prior to that date comparatively lions of people who live in this city little surplus property, with the and the peculiarly heterogeneous exception of animals, hag been at present under discussion, more. A further wage advance is! "New York Times" After all, the selling to the best advantage the character of its population, says the disposed of, and the problem of
definite fuetor in high prices. On The item of taxation forms a very have village with a single homicide would vast publ assets involved, a worse record for the same|one of extraordinary magnitude a venge-of 11 cloths the net. retain-period and from this point of view and complexity. The property to able profit to the manufacturer per than is New York's, and the village be disposed of was lying all over suit Iength—allowing 3} yards per murderer probably would be less the world, much of it in regions suit—was 1s.: while in the case, of easily explicable by either heredity or environment than his urban where its' handling was extremely five other cloths the net retainable difficult and its disposal in situ brother. profit was 1s. 3d. per suit length. almost impossible.
These figures, it has to be empha-With all allowances made, how-stores which had been in use for The number of different types, Sized, refer to the manufacturer's ever, and even for the metropolis, profits on cloth, military purposes exceeded 350,000. 52 murders in seven months is ion Taxation xD Luan Prices, disquieting is the fact that in the many, is even more and what
report deals at great length with industry already.xeferred to, the|of the men and women who killed] fornia, the Japanese In addition to the burdens on the} seven months mentioned not one! dispute' over Japanese in Cality connexion with the present,
the part played during the period has been sentenced to pay the "Kokumin'"" alleges that. America ending June, 1919, by taxation and penalty allotted by our law for murder in the first degree. Not all has been trying to ascertain Japan's vast of renewals in putting up those who have been arrested and naval and military secrets, on the prices, As a result of these charged with a capital offence have supposition that Japan's national charges, amounting respectively to Yet been tried. and in 16 off defence is directed against America. £997,000 (Excess Profits Duty og te nds,000 and super and income tax enough evidence an: aekicle:, oonsldatinig' tie gri industrial reserves £115,000) and 88ainst anybody to risk an are industrial situation of Europe the $141,000 renewals, paper profits of In few of the cases brought Japanese paper "Forodzw" argues £1,472,000, or 19.7 per cent. on sales, has there been any real question that the term "gentleman" no were in reality reduced to £331,090, 88 to whether or not the neoned longer carries its peculiarly noble or 4.5 per cent. on sales, compared V8 concerned as principal access English meaning in England, with a pre-war profit of £185,000, S0"Y in the actual Killing, but al- the Tabour elgnente en that cons, owing to the growing influence of 10.1 percent, is reckoned on sales per cent. on sales. "The *#¥S, as yet. either a minor plea try, who are showing themselves has been accepted or the jurors of £1,847,000. while the 4.5 per cent. is calculated on sales which have ineveased in value (largely owing to the increase in the prices of raw material) to £7,449,000, the actual net profit now retainable being almost: double the pre-war amount.
On the effect on the development of the industry of this heavy taxation the report says: "The incidence of Excess Profits Duty oper-have found reason or excuse for a verdict that mitigated the supreme penalty.
Text read from the printed page and cleaned; old type leaves the occasional error.