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the agitation on this subject until it was revived recently as
I have explained.
D
4.
I repeated my views to Sir P. Chater and
his colleagues, and I understood that he, Mr. Keswick and Mr.
Osborne (I do not recollect to have had any conversation on the
subject with Ir. Stewart) agreed that the system I had proposed
of devoting a specified proportion of the margin between
Ordinary Revenue and Ordinary Expenditure would achieve the
result desired by Mr. Chamberlain, and remove the constant
friction and difficulty attendant on the present system of levy-
-ing the contribution on gross Revenue. Being myself of opinion
that the contribution is not excessive I proposed that the
proportion should be one-half of the margin which I estimated
would leave the average amount over a series of years practical-
-ly identical with what it is today. The majority however if
not all of the Unofficials were of opinion that that percentage
was too high. As I had stated in my speech in October, 1908,
that I had made calculations and sugestions on this subject
which I had submitted to your predecessor, the Unofficials
informed me that they proposed to ask me to lay these papers on
*
the Table. I accordingly telegraphed to ask your sanction to
449
do so,
but the terms of your reply (in which you deprecated
their
FRP 15449
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