TRANSFER OF CAPITAL.

Dominion, Volume 2, Issue 559, 14 July 1909, Page 7

TRANSFER OF CAPITAL.

i.V .:■;■; r EAEL AND BUDGET.:; ■ ■;' : (Btf Telegtapli.T-l'rcss Aasociation.-bopyrlehU : , yi ~:(Rec. Julj' 13, 10.35 p.m.) ';■[,'.: i;i : ■ "'■ :.:■■'-■''■ '/"-:'■ :':', Lohdon, July 13, ; . The Earl ■of 'JFitzwilliflm^'' has "■. infonned "The Times" that ho.will/.probably; irt the event of the Finance Bill passing, soil a great deal of bis property. Ho has already arranged to transfer his investments abroad. . WHERE WILL' WEALTH FLY. TO? Confronted with' tho argument that the Budgot would cause capital, to fly a'wayi; Mr. Asquith recently-askedi^-',,'. .'■'.: .-',■ .. ■. ' , "Where is it going to fly tor It may traverse the. whole; civilised world, but wherever it foes it will find itself, confronted by a finance linister, as nepessitous ,as Mr. lJoyd-Qeorgo. It would not iind rest: in Gerniany, Prance/ ot the United States, In the last-named country they , are.engaged in rigging up a new; tariff and have a deficit, far more formidable, than anything we have to face;here. The truth.is there is not a civilised country in the'world which does not find itself at this moment under stress of taking its place in the race of armaments, in providing for social reform, in developing new resources and discovering new means of taxation. There is no country in the world where, when all the proposals of; this Budget have been oarried into- law, capital will be less exposed tto bhanees of spoliation or insecurity than .in : this Free-trade. country.",' ■■■ ■•• ■■;. -.•',; y.v. . ■..■;■■■■; .'■''