Further, on 2nd April, he proposed a commutation of the land tax.
These figures are interesting in view of the agitation for a Treasury land tax.
There is no land tax, and licence or business taxes are levied by the municipalities for local purposes.
They were acquiring land, and some thought that there ought to be a land tax.
Do you imagine, then, that it is the land tax which raises your revenue?
It is not so at present, as a study of the land tax will show.
I repeat I am no advocate for a land tax, or any other-203- kind of internal tax, nor do I think we were in any danger of them.
There has been no readjustment of the land tax for very many years.
In all its many financial difficulties it does not seem ever to have tried to increase the revenue by raising the land tax.
Do you imagine, then, that it is the land tax Act which raises your revenue?