The Auckland Star: WITH WHICH ARE INCORPORATED The Evening News, Morning News and The Echo. WEDNESDAY.JULY 15,1914 IMPERIAL FINANCE.

Auckland Star, Volume XLV, Issue 167, 15 July 1914, Page 4

The Auckland Star: WITH WHICH ARE INCORPORATED The Evening News, Morning News and The Echo.

WEDNESDAY.JULY 15,1914 IMPERIAL FINANCE.

■ ■ • For the cause that nek, assistance, For the wrong that needs resistance, For- the future in the distance, Aud the good that toe cm da.

Contrary to the c-.\-pevt,,.tirm „f „ lirgp mimlier of saitgnin<> people, the British Government ban lore 1 through Lie (Uim ii\.t_o..'in_ih'i_l Kill providing for -iloii'hic taxation" of im-omiti •earnprl o Ter eras. As i,s will known, irtrbng objections ]~,T O .!„.,,„ llrßOi| sgaintlt t'!,;,- pro,pcs. a l j„ ,|ie Dominion-.-, a-ml the eOroniaJ pom! of view «-jw put forcibly before Mr. Lloyd George nod the nffieiius nf the Trv-.icsury a n !i„u time a S o "by the High Ooniiiiitif.'ioncro for Australia ami New Zealand. Ap. parci-lh-the impression proiluccd by Mr. Harcniirt's laßt c.imnnunication on th-iri r-übjcct. wns that th*' otojcctlorai subiniit.eil. by Sir George R-eid ami -Mr. Mackenzie had elTectcl their purpose. However. Mr. Libya! George bad. apparently made up his urn md on the, qtieeukin, ami whatever thi CVilwrial Secretory may have irrtrtight or done, the original scheme Iras ibfcn put through. There is. of coure-e. sn:r!rthiiig to he said for [the prrint of tir-w .maint.lined' by the Ciyyjceilrir of ,lj|e Exchequer. For everybody rc.-i.ler,: if\ a country enjoy* evrtain ben-oili-; frob the Government .and admin-iel ration, ipr whi.-li all inhabi- ; nils aiv. preaimod to pay in t-ome (iorL ~'f projartiirn- to .th. ir iucomo or Hpcniingmower; and it is tho fault of the permit concerned: if some nf Irs income is limed and vxpetKhtt cL.i where. Tho n\\v provision in the Film nee Hill nrjy i.l regarded as a fair v.xprs'lreiit for raising revenue l'rom rich people well able toVaffor* .-iibstant';:tl corn; ril.utions to this Suite. ~r sut a ißc.uici ni dcici-ring from Lik-ing'ad-vantage of-the Jicnitics and benefits ■provided by institutions nnd Rritfeb. mcthii.i'.s -of glvcrtvm>en'.. unless 1 hey are prepare".! Hr> I'oceomo- pc.rman-.-trlly do-mic-lrd and upend the whole of their im-oimv in "Rnplnnd. So far as pnrc.lv foreign; inToctmcnts ami incomes, ace concerned, a fairly satisfactory case c.Tn be manic- mrt for Mr. Lloyd <~leoT<*e'o scheme. 'But th« ovc_*_ Boirr'tn-ion»> ar.' not foreifrn eopxtJies like Franefl or <v.>nrKi-r.y. They StncJ l in an entirely different relation to England, acid Mr. Lloyd George"*- faihrre to realize t-lr.ti aa'l-i import-ant -fait tray perhaps throw some light iipm tho otTrr-rwiso inexplicable course I'h_t le ban adopted. Tho -ease ior the colonial resident in 'BnghVnd who is to ibe taxed on the position of his ineoac earned, expended, and already taxed it the colonies, was put cleanly and foi-Hily .by Mr. FJvans. in mo-ring his exception anvcndnicnt. lie pointed' out- tuit Mr. Lloyd George's new tax. while! might meily be eva.l'd. would inflict sitions- injury on tlie colonial sctllers. jilnters and stationholdcrs who now periodcally return in srtHi large numbers lo ligl.ind. Many of the.se make large inecnes, of which the greater part is expends in- extending their business nr niiprolng their estates in the oversea Domiions. Of ennrso, those iiieoines are ii taxed- alrcadv in tbe enunvtry -whercl'iey are earned, and as Mr. iMoltono afljerred, it is a. difficult and dangerous .poltv lo interfere with -properly alrendvlrtdeT the jurisdiction of anobhrr Govcumcnt. Rill apart frtKli this, it 'tis Hcalthat people thus circumstanced may sfTcr a very serious disadvantage- lhr.u>h their TC-idcnce in ICngland, and the ijury inflicted upon them may react iTisstroiisly upon the whole j Empire For i'is generally acirce.l by all Imperial sL-iUnoii that the 1-Jiipire i needs developlt. and .that tihe money in ivested In expfilinjr its immense natural resources, nii.lin opening up means of coimiinni.-jtiiir within it. Is. from the Imperial ..t'liibint, nut to tbe he-it pos-Li-bh- n- ijite recently P.rilisb and . colonial piioiLinen bnve been discussing the possibiiit'iif consolidatin, all eolo- ' nlul loans, hit treating the lands and ' resources, of tr Bmpire as security for their profitabj.expenditure on Imperial •projects. Fro tlie standpoint, of Imi perialist polie; Tiot.liiiijr could be more harmful to Tfeland than any measure (hilt would der (lie people of the over- {. sea. noniiiiioiafrom develoj.intr tlie Im- ' .poria-1 diiinaiito t-hc besi, possible ad- . vantafre. Apfrently Mr .Lloyd George ihns failed 1., xlise tliis important truth, ! *!«jd.iiili»'. ji...1i..r the lirst time, be has done snnri'.lhi) lo cum tiie reproachful till.- ..f "l.it-i Knglander." Tim injus- . j i-'u-o invo'.vcdn the application of tiiic ' -double, incoi tax slioul.l be :i *mlli(•icnt (ibj('L't*i<j,to it: but the rcl'usai tn discriminate twoeii tbe Dominions and foreign eoiinljs in their relation to Kn_la'n.L i.- a farlorc serious error of judgment.' for .Well the Empire may _\cl ' J have to pay^ariy.