BRITISH ASSOCIATION
CONFERENCE AT BRISTOL NO OUTSTANDING PAPERS. Pres* Association-By Telegraph-Copyright. LONDON, September 8. There is not an outstanding paper being read at the meeting of the British Association, which is being held at Bristol this year. On the contrary, many seem particularly futile m view of the gravity of the times in which we live. The minds of scientists are apparently not concentrated on the larger issues. . , ■ ... Professor Gregory is dealing with rationalisation and unemployment. Professor Henry Clay, economic adviser to the Bank of England, said that the total tax burden, allowing for the change in money value, was at present as high as in the year of heaviest taxation in war time. High taxation affected unemployment mainly by reducing the amount that could be applied from profits to the expansion of profitable businesses. The flow of _ new capital which was necessary for industrial expansion was being tapped at its source by income tax, surtax, and estate duties, and whereas in pre-war time only Is 2d, or at most Is Bd, in the £ was being diverted to the Exchequer, to-day from 5s to 9s in tho £ was being diverted.
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Evening Star, Issue 20585, 10 September 1930, Page 9
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190BRITISH ASSOCIATION Evening Star, Issue 20585, 10 September 1930, Page 9
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