Show I ITALY ENRICHED BY LIRAS LIRA'S DROP ROME Oct 28 UD The The Tho Italian government revised estimates Indicated indicated indicated indi Indi- today will reaU realize e about 12 12 lire Ure from the forced loan virtually a capital levy Jevy decreed bythe by bythe bythe the cabinet when it devalued the 11 lira ra The government will wm be enriched on on n the devalued basis basI of the lira Ura about 1 The money financial circles said would be bellIed used largely to finance colonization In East Africa particularly particularly of extensive public works j there ther Property owners upon whom the forced loan falls to the extent of five per cent of the value of their property are arou aroused ed The common common common com com- mon people are delighted Those Who ho must pay the tax are studying three possible ways of doing it 1 L If It they have five per cent of the value of or thel their property in cash they may buy the necessary number number number num num- ber of bonds yielding five per cen cent interest and keep them Then they must pay 3 lire lIro per thousand valuation on thel property as an annual tax for 25 years This taxIs tax taxIs taxIs Is used to pay the Interest and amortization amortization amortization amor amor- of the forc forced d loan bonds Because the same taxpayers who must lend the money to the government government government govern govern- ment are compelled also to pay the special taxation to retire the loan eventually it Is in effect a capital levy 2 If It the property owner wants to avoid old paying the tax he be buys the bonds to the extent of five per cent of ot valuation and gives them outright to the government 3 If It the tho property owner does not not have have the ready cash to buy the bonds he may borrow 90 per cent centor of or it from the government credit institutions He must pay five percent per percent cent nt interest but receives five percent per percent percent cent on his hi bonds so o that he come comes out even on 90 per cent of or the prin prin- cipal But he must also Js pay the tax for 25 Z years |