Winnipeg Wheat N. Y. Silk No. 1
Oct. 7354A unch. -+02
London Gold: Bar Gold, Fine per oz 168/- unchanged.
London Silver: Business was negligible, while the market ruled quiet. After the official fixing the market was very quiet.
Spot.
Forward B—Bid. A—
Taxation Has Limits The munitions we need, and are determined to have, can only be got by hard work and unflinching self-sacrifice. Inflations is merely an arbitrary and unjust means of shifting the burden between one section of the community and another; the burden itself is inescapable.
We are faced then with the necessity of cutting down every form of private expenditure to a hitherto 280 unplumbed minimum. And we must do it now, before we fall into the deadly grip of inflation, which, in the absence of Draconian measures. cannot be far away.
Recently the Chancellor foreshadowed a further contribution from taxation towards the cost of the war,
Text read from the printed page and cleaned; old type leaves the occasional error.