GOLD AND HIGH TAXES
COMPETITION IN ARMAMENTS. ; LONDON, June 8. There is a great deal to be said for a ‘managed’ i-urreiiuy, but the gold standard, with all its difiiuulties w’ill be simpler and more effective than any other,’’ Lord Oxford told Cambridge Liberals recently. A< to ‘‘the overburdening taxation which oppressed us,’’ he said the ratio per head, both of direct ami indirect taxation in this country, w:is double that of France, our cost of living was SO per cent, above that of 191.3, and there were still about I 250,090 unemployed. Competition in armaments impoverished the world. Expenses on our -\rmy, Na\y and Air Force totalled £1 31’,000,(100 a \ear. *De hope io the world largelv depended i.»a [he wisdom which th'. 1 League ol Nations brought to its de-
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Grey River Argus, 29 June 1925, Page 7
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132GOLD AND HIGH TAXES Grey River Argus, 29 June 1925, Page 7
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