Hope of Substantial Reduction of Taxation Copenhagen, Dec. 17.
The Rigsdag's new Premier, M. Madsen Mygdal, in outlining to th Cabinet his programme, stated that he would consider his principal task the discovery and solution of the economic crisis, By reducing State and district expenditure in order to achieve n substantial reduction of, tation, which weighed heavily on che economic life of the nation, it vas necessary to adapt a number of laws voted during the inflation period and wartime to present seonomic condition:
'M. Mygdal announced that he would endeavour as soon as possible to come to a definite arrangement regard to the affairs of the Landmans bank and would try to attract foreign capital so as to solve the question of credit. He foreshadowed amendment of the existing taxation laws with a view to the enuragement and development of voluntary thrift—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.