War-time financial problems

226 POST-WAR FINANCE

secretary to the Manchester and County Bank, has
put forward a scheme by which taxpayers can buy
in advance immunity for so many years from so much
annual income tax. If this suggestion could be
worked it might provide a means of quickening the
debt's repayment, though it looks rather like ex-
changing one form of debt for another. But, in any
case, it is urgent that the long promised reform of
income tax should be set in hand at once, so that it
may be purged of its present inequities and anomalies
and set to work in peace to redeem debt on a new and
more scientific basis.