§ 50. Mr. CHALMERSasked the Chancellor of the Exchequer whether, in framing the Budget proposals, he will refrain from proposing to spend capital taxation as revenue; and whether he will confine the expenditure of taxation of capital to the reduction of debt?
§ Major ELLIOTMy hon. Friend must not expect me to anticipate the Budget Statement.
§ Mr. CHALMERSIs it not a fact that capital taxation is being spent as income in every country since the War; and is not that the major cause of unemployment?