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Show ITALY TO CEASE I ISSUING LOANS I When Three Billion Lire List Is Completed, Direct Taxa- tion Will Be Resorted to. M Rome, Feb. 2, 345 p. m., via Paris, H Feb 3, 12:45 a. m. In a speech de- IH llvered in Turin today E. Daneo, Ital- H Ian minister of finance, Intimated that H when tho subscription lists have been H completed for the third national loan IH at present being offered, Italy will H cease issuing loans and will resort H to Indirect taxation for the object of H further war funds. Signor Daneo said IH that the success of the present war IH loan Is assured as two billion lire H have already been subscribed and a H total of three billion may be reached H before the Issue closes on February IH 10. The two previous national loans H totalled 2,500,000,000 lire. H Cheaper to Levy Taxes. H Instead of mortgaging the future H and tying up present wealth, the mln- H Ister said It Is cheaper and more effec- H tlve to raise funds under clrcumstau- H ces such as the present by means of H taxation, which has the advantage of H forcing the public to save money and IH to curtail extravagance. H The existing war taxes include one H percent on exports, as well as taxes H on sugar, spirits, persons exempt from H military service; automobiles and in- H comes. The new taxes are expected H to include a rate of four cents for do- H mestlc letter postage 33 1-3 per cent H of the price of theater tickets, reve- H nue stamps on documents of many H kinds and probably also; taxation on H land and a heavy progressive inconv? H tax. IH |