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Show CONSCRIPTION London Writer Suggests Levy on AH Property Valued Up to Five Thousand Pounds. PERCENTAGE SCALE Presents Plan to Prevent Budgets Bud-gets From Becoming Crushing Crush-ing in Their Weight. London, March 30, 2:3D a. m The Daily Chronicle gives a prominent position po-sition to an article urging tho "conscription "con-scription of wealth." Tho writer, who is said to be a well known economist, suggests that the chancellor of tho exchequer should make a levy on all the wealth In the kingdom and thinks that a vast sum could be raised in this way. He presents a calculation to show how on graduated percentage scalo 460,000,000 could be raised in this way. He presents a calculation bo show how on a graduated percentage scale -160,000,000 could be produced by an initial levy of one per cent on all property valued up to 5,000, tho percentage gradually increasing to ten on property valued over 100,000. He says: "Wealth can be taken in any form cash, stocks or real estate. Unless something liko this is done, our peace budget will become crushing fn their weight. With a debt of 10,000,000,-000, 10,000,000,-000, Interest and sinking fund payments pay-ments will be over 120,000,000 pen sions and other war charges 40,000,- " 000, making the probable annual total I of the budgets as high as 400,000,- ,' 000. J "Such budgets can be met, but only ; with hampering a national develop- ment and danger to the nation's position posi-tion in the world." t- t |