London, Jan. 17. "The Times" remarks that the inequity of a double Income Tax is not unlikely to lead to definite proposals by the Dominion Premiers when they meet in London en the near future. That serious mischief being done is shown by the decision of the share-holders of the Bombay Tramways Company in favour of transferring their registered offices from London to Bombay.
"The Times" emphasizes that removal from London in such casco is regrettable on political as well as on commercial and industrial grounds. Experience shows that the maintenance of an English status tends to orders for equipment and maintenance being placed with British rather than with alien industrial concerns. Both directly and indirectly the Treasury is subjecting itself to loss By its shortsighted insistence upon the inequitable assessment of Indian sbareholders.
Text read from the printed page and cleaned; old type leaves the occasional error.