21 the reports from Home show that Encland is having a real, old-
Mr, Snowden's Economics"
'A. good deal of attention has recently been directed to the political sition of Air. Philip Snowden when 'a speech he came out as an opponent of the Labour Party's proposal to place a supertax on all incones of over £500, this as an alternative to a capital levy. Mr, Snowdon was right in his opposition, for in the first place the promoters of lye scheme are so hazy about it that they do no know whether it will produce £10,000,000 or £80,00¢ 000 annually, and what Mr. Sno den apparently feels is that it will do more harm than good, for it will Kill the habit of saving' altogether. A Home paper summarizes Mr. Snowden's views by stating that the most devastating argument against placing this farther burden upon the savings of the country is that one of the mods of the moment is an various memories. For there was skating on the lake which increase in national savings and an increase in capital resources, with-which constitutes Birmingham's water reservoir in 1917—which was the first time for six years that this fine stretch of water had been out which it is hopeless to expect great revival of our export 'c. Another pregnant observa-joo of Mr. Snowden's fs that lack Iso real of heavy of savings is greatly hindering the Devonshire, and (trade gyovery of Britain, as it!
Text read from the printed page and cleaned; old type leaves the occasional error.