1919-09-04 — Page 6

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DELE CLERC'SE

BLOSSOM

HUPSDAY SEPTEMBER 4Tя. 1919.

THE EXCESS PROFITS TAX. DISCUSSION IN THE COMMONS.

When the House of Commons went into Limmitter unerbe Finance Hill, on Fuly

13th.

Mr. Lockerstampon moved an amendment to Clause 24 providing that any excess profits" daty which hath been paid should Be refunded where it was shown that, in the whole perind of dura- tion of the tax, excess proâts had not. in fact, been earned.

Mr. A. Chamberlain Chancellor of the Exchequer admitted that the point would have to be dealt with, but the pro * time would he who the tax was Anally wound

11

PRESIDENT WILSON'S SPEECH TO THE SENATE. THE TREATY AND THE LEAGUE.

WANIANOTOS, July 10th. President Wilson in presenting the Cierraany to tha Peace Treaty with Senate, declared that the League of Na tions had become a practical necess and an indispensable instrumentality, for the maintenance of the new order which framers of the Treaty proposed to set then the world. The at that the {1} Covenant of the League of Nations was the to be worked out and agreed upon, ühila the first substantive part of the Treaty all be was in solution, helped to make The the formulation of the rest easier. President then reiterated the ideals for United States entered the war which

in

Describing

The amendment was withdrawn." Sir D. Maclean said, on the quastion that the part played by Americans in

seruring the final victory. the clause should stand part of the the efforts of the Penes Conference to that the excess profits' Lax was one which make the final

freedom, Aud should be strictly confined to the wae right Lasting triumph, he period. It was a tax which was not enn Old entanglements of

every kind ducise to the proper development of stond in the way-promises whi

which the it led い

great extravagance Governments made one another in the There was a unanimous

days when sight and right were confus ker of the Victor"was with out restraint, engagements which

dispositions t

of terr

and

in the entry that war

feeling

411d the

bear an adequate war LX.

ed, and the aud profits ple lanked: to something being fentemplated any don.. fur getting a proper share of the gains of profiteers during the was

ritory and extensions of sovereignty that

1t was

Mr. J. E. Davison opposed the clans seem to be to the interest of thres

who had power to insist uput them had half of the Labour party, I was born entered into without thought of he said, sheer canting hypocrisy to talk what the peuplex concerned might wish about operatien between capital

by, and these could not always Late when ne ponenteral the more bebot

s profits made at the expense of and

not easy to graft new order The during the necessities of the nation. of ideas on the old, and some of the fruits total sams that had been paid or were

of the grafting mas.

I feary

for a tine assessed on excess pronts daty during the

The bitter, but with very few exceptions whole period of the war amounted to in the men who sat with us at the

Flix less as than £1,959,600.000.

table desired

od as sincerely as we did to Sextion was that the Changlor of the get away from the bad influengs, ülexi Exchequer should take the banking timate purposes. and demoralising nabi- acrumet of every person in the Thit tiens of international counsels and ex Kingdom, ant tax him the different patients out of which the sinister designs between the amounts standing to his of Germany had sprung. credit at the beginning and at the end President Wilson did not attempt to

explain the Mr. Rogge said he hoped the House address was al Prater terms, and his wholly devoted ta the would divide against the eique was League of Nations and American join

niquitous that the Government should tign. The President said: ok them to continue the conscription of to be a world-power. The only ques wh t. There ar b The question of our ceas period than the' cun- ing

of the war.

༔|

life for 2 modes. H. did not eation is whether we can refuse the inoral

seription of

defence which the Chancellor of the Exleadership that is offered us, whether

יאן

chaquer could It up against continuing we shall accept or reject the confidence at any rate for the same period that of the world. The war and the Pence the State continued the conscription of Conference have already answered that life the conscription of prifts

After

question, and nothing but our mistaken all, during the war only

30 cent. of

the excres prouts was taken. In his view 100tion can alter it. At the end of

,200, great war every enlightened judgment have been taken demanded that at whatever st aught to per cent.

of ince throughout the war. If they naked as pendant action every Government that for its people, or justice ur a man should give up his work and ordered ability to make more capital, his ability the now purpose utterly to

destroy the might see

the State did ask on the one hand; that took taFreedom, should lend itself

J:

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T

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the Presi of contributioerlain suggested that the dent continued but the people point to consider was what effect this taxe none and would brook no denial. The bad on industry at the present moment. League of Nations, be added, was not (Henr, Denr.) Was the tax harmless from merely an instrument to adjust and KIPPERS the point of view of industrial revival,

remedy old wrongs under a new treaty or was it one of those taxes which in of peace, but was the only hope of man-

times, when they wanted to get kind.

impediment in President Wilson declared that as far way of enterprise, and one which as Germany was concerned the work of caused Cute people to re

hesitate about launching the Peace Conference stood complete. It was important The difficulties encountered were very that industry and production should be many he said, and sometinues they got into full blast, so that we might seemed insuperable. It was impossible to Sure the greatest output

It

accommodate the interest to great n industry and indirectly affected almost every n

in the world without many minar was not a tax which the House of Com

Trenty, as the result mons could have been induced to pass of this, is not exretly what we would have except in the duress of war. As to the written, and probably not what any one suggestion that they should find out what a man's banking account was prior to the war, compare it with what it was now, and tax the difference, the result of that would be that the man who had wasted his money in the meantime would go sent free. (Hear, hour.) He did not propose the reduction of the tax out of ang tenderness for profiteers or tender ness for high

and

extravagant profits in

was because the tax was considered a body of nations-interests whith directly

serious obstacle to the revival of

that it was proposed to reduce it. This miR-

nar

of the national delegations would have written. I think that it will be found. however, that the compromises which ware accepted as inevitable, nowhere cut to the heart of any principle. The work of the Conference squares as a whole. with the principles agreed upon as the husis of percs as well as with the practi cal possibilities of the international situa tion. which has

business. He did it beenuse he felt that with as fave to be faced and dealt

was a direct

the tax at the rate in

President Wilson was given an ovation resumption and

conclusion of his speech, which was close- ly followed by Senaturs, diplomats, and the crowded galleries.

It was not in the interest of class or Capital, but in the interest of trade and industry, and therefore in the interest of the nation as a whole, that he thought the Committee

te would be

wise sanction

the reduction. (Hear, hear.),

one or two

ivecofile

توراه

NO NATIONALISATION.

Fortunately for the Government and

Mr. Macruisten said it was a pity that the war should have produced a new class These of industry called profitrering. profters were buying the land of land with the hope that in the course of for the country, Ministers have yielded

her would

to the strong opposition on certain (Laughter.)

Shorn He nepects of the Transport Bill. country CONCLUSIONS they wit urger the Chancellor of the Exchequer to of its most dangerous features, the Bill ind some way by which those who had may now secure a safe passage, and by been guilty of scandalous profiteeringeordinating fort produce good results. would be made to pay their fair shareint la ben clearly shown is national to the Exchequer. At the same time, he determination not to touch nationalisa hoped the right hon. gentleman would tion. For such a step the country is not put out of his mind the thought that prepared, and an examination of nationa there was any support whatever in the lisation and Government control, so fur country for a general capital levy.

Mr. Mackinder pointed our

as they have gang, only increases hosti. that if pe

lity to further schemes. Experience has fts had gone up to the same extent us wages they would have doubled as com proved that Government control leads to pared with pre-war profits.

Mea cald nuddle, ineficiency; and political chica not be employed auless capital accummuner. The case of the telephones' is the lated, and that could not be done while a large part was being taken as excess

W. R. Smith said that he land yet to find any business in the country that had been reriously handicapped, so far its development was concerned, by this excess profits tax. He admitted that as

SK

was at pres And go hole to escape in

12

mvet ominous instance. Government supervision stands on a different level." There the new sense of the community approves a curtailment of the powers of private ownership. "Private enterprise and business management cannot be sur rendered. Daifi Express.

this was a war measure sume adjustment would be necessary at some time or other, but that time was not yet.

Mr. A. Chamberlain: Would my hon. Mr. France argued that there were cer-

arters

friend give the that gentleman's name? tain class of ગ

who had not (Laughter.) been touched by the

Major Wood: I will certainly place excess profits tax journalists and the like. who

hon. friend in communication had made my right

can take Large profits by writing about the war, with my informant, and he and who yet

aft scot-free. There whatever action he thinks fit.

Chamberlain said that he would glad. gladly

bow receive suggestions as to illegitimate profiteering should cease. It the clause were rejected there would be no excess Guy

Captain

Benn (L. Leith) said that he was not going to vote against the clause, because he was in favour of the excess profits tax. The dilemma re- ferred to by the right hon. gentlersan frequently faced people in that House who were called upon to express their opinion.

"On a division there voted; For the clauso...... Against

come tax for the man who sold nuda not in his ordinary line of business. That kind of ma Had been responsible tha any other for profitering,

Major E. Wood said that a friend had told him of a ship-owning profiteer who, CANDIES.When he had invited friends to dine with him, unlocked, as a special treat for them, wife which was full of Treasury not

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that that gentleman had hoarded up in case he should have to pay excess profits When the door of the safe was opened the floor became covered with the notes. (Laughter.)

(Continued at foot of next column.)-

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