War-time Financial Problems

Download War-time Financial Problems PDF Online Free

Author :
Publisher : IndyPublish.com
ISBN 13 :
Total Pages : 320 pages
Book Rating : 4.:/5 (31 download)

DOWNLOAD NOW!


Book Synopsis War-time Financial Problems by : Hartley Withers

Download or read book War-time Financial Problems written by Hartley Withers and published by IndyPublish.com. This book was released on 1920 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

War-Time Financial Problems

Download War-Time Financial Problems PDF Online Free

Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781725132276
Total Pages : 212 pages
Book Rating : 4.1/5 (322 download)

DOWNLOAD NOW!


Book Synopsis War-Time Financial Problems by : Hartley Withers

Download or read book War-Time Financial Problems written by Hartley Withers and published by Createspace Independent Publishing Platform. This book was released on 2018-08-15 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: War-Time Financial Problems by Hartley Withers One of the questions that are now most keenly agitating the minds of the investing public and of financiers who cater for its wants, and also of employers and organisers of industry who are trying to see their way into after-the-war conditions, is that of the supply of capital. On this subject there are two contradictory theories: one considers that owing to the destruction of capital during the war, capital will be for many years at a famine price; the other, that owing to the exhaustion of all the warring powers, that is, of the greater part of the civilised world, the spirit of enterprise will be almost dead, the demand for capital will be extremely limited, and consequently the supply of it on offer will go begging to find a user. It seems likely that, as usual, the truth lies somewhere between these two extreme views; but we shall best answer the question if we first get a clear idea of what we mean by capital. On the subject of the definition of capital, economists differ with all the consistency that they only show in differing. One of the earliest descriptions of capital was given by Turgot, who thought that capital meant "valeurs accumulées." In this wide sense the word covers all goods which have value, that is, can be exchanged into other goods. From this point of view, the schoolboy who invests sixpence in marbles is a capitalist, because he has bought an asset which is not immediately consumed, but can, later on, if his fancy urges him, be exchanged into white mice or any other object of his desire. On the other hand, the schoolfellow who at the same time spends sixpence on cherries and eats them has put his money into immediate consumption, his asset is digested, and he has no capital in any sense of the word. We are delighted to publish this classic book as part of our extensive Classic Library collection. Many of the books in our collection have been out of print for decades, and therefore have not been accessible to the general public. The aim of our publishing program is to facilitate rapid access to this vast reservoir of literature, and our view is that this is a significant literary work, which deserves to be brought back into print after many decades. The contents of the vast majority of titles in the Classic Library have been scanned from the original works. To ensure a high quality product, each title has been meticulously hand curated by our staff. Our philosophy has been guided by a desire to provide the reader with a book that is as close as possible to ownership of the original work. We hope that you will enjoy this wonderful classic work, and that for you it becomes an enriching experience.

War Finance (Classic Reprint)

Download War Finance (Classic Reprint) PDF Online Free

Author :
Publisher :
ISBN 13 : 9781331196556
Total Pages : 508 pages
Book Rating : 4.1/5 (965 download)

DOWNLOAD NOW!


Book Synopsis War Finance (Classic Reprint) by : J. Nicholson

Download or read book War Finance (Classic Reprint) written by J. Nicholson and published by . This book was released on 2015-07-11 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from War Finance In September, 1914, Mr. Lloyd George, then Chancellor of the Exchequer, stated that, as in the Napoleonic war, we should win in the end by our financial strength. Germany might get the first hundred millions as easily as Britain, but Britain had far greater staying power. It is not (he said) the first hundred millions that count, but the last. In September, 1917 - just three years later - Mr. Bonar Law, Chancellor of the Exchequer, stated in a public speech that without the aid of the United States the financial position of the Allies would to-day be very disastrous. Did Mr. Lloyd George mean that the British Empire could hold on until the intervention of the United States? Certainly not. Perhaps it may be thought that Mr. Bonar Law exaggerated. Where, it may be asked, are the signs in this country of financial disaster or of the need of American support? The recognised test of national financial strength is national income. The imposing figures - too often paraded at the beginning of the War - of the capital value of the United Kingdom or of the British Empire are all based on estimates of national or imperial income. Does the national income of the United Kingdom show any signs of falling off owing to the exhaustion of the War? Are the sign (such as they are suggestive of coming disaster? About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

War-Time Financial Problems

Download War-Time Financial Problems PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (73 download)

DOWNLOAD NOW!


Book Synopsis War-Time Financial Problems by : Hartley Withers

Download or read book War-Time Financial Problems written by Hartley Withers and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

War Finance Primer (Classic Reprint)

Download War Finance Primer (Classic Reprint) PDF Online Free

Author :
Publisher : Forgotten Books
ISBN 13 : 9780656519422
Total Pages : 154 pages
Book Rating : 4.5/5 (194 download)

DOWNLOAD NOW!


Book Synopsis War Finance Primer (Classic Reprint) by : National Bank of Commerce in New York

Download or read book War Finance Primer (Classic Reprint) written by National Bank of Commerce in New York and published by Forgotten Books. This book was released on 2018-02-14 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from War Finance Primer War finance problems are not simple, but the main principles involved may be outlined with some degree of certainty. After having made a survey of the available material, we believe this War Finance Primer will help to point out the dangers involved and the best general course to be adopted. The crux of the matter is to strike a balance between loans and taxes. The present generation cannot avoid economic sacrifice. At the same time our industrial and commercial life should be fostered and the incentive to do business should be preserved. To some extent we must pay as we go; but we must not kill the goose that lays the golden egg. Our economic stability demands that we determine the happy medium between bond issues and taxation. The present problem is not only to raise the necessary money for a vigorous prosecution of the war, but to impress upon Americans, probably the most extravagant people in the world today, the fact that thrift and economy are the only permanent basis of a nation's commercial greatness. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

War-Time Financial Problems

Download War-Time Financial Problems PDF Online Free

Author :
Publisher : Forgotten Books
ISBN 13 : 9781330058213
Total Pages : 316 pages
Book Rating : 4.0/5 (582 download)

DOWNLOAD NOW!


Book Synopsis War-Time Financial Problems by : Hartley Withers

Download or read book War-Time Financial Problems written by Hartley Withers and published by Forgotten Books. This book was released on 2015-06-13 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from War-Time Financial Problems One of the questions that are now most keenly agitating the minds of the investing public and of financiers who cater for its wants, and also of employers and organisers of industry who are trying to see their way into after-the-war conditions, is that of the supply of capital. On this subject there are two contradictory theories: one considers that owing to the destruction of capital during the war, capital will be for many years at a famine price; the other, that owing to the exhaustion of all the warring powers, that is, of the greater part of the civilised world, the spirit of enterprise will be almost dead, the demand for capital will be extremely limited, and consequently the supply of it on offer will go begging to find a user. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

War and National Finance (Classic Reprint)

Download War and National Finance (Classic Reprint) PDF Online Free

Author :
Publisher : Forgotten Books
ISBN 13 : 9780656358465
Total Pages : 318 pages
Book Rating : 4.3/5 (584 download)

DOWNLOAD NOW!


Book Synopsis War and National Finance (Classic Reprint) by : Robert Henry Brand

Download or read book War and National Finance (Classic Reprint) written by Robert Henry Brand and published by Forgotten Books. This book was released on 2018-02-11 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from War and National Finance The articles which follow were written for The Round Table between the years 1912 and 1920. They all deal in one way or another with the effects of war on the financial and economic structure of this country and the British Empire. I make no claim to be a trained economist, and the articles were, all of them, written in the midst of a busy life and from a practical standpoint. I have thought it preferable, never theless, to leave them exactly as they were written, except for the omission of certain redundant passages. The reader must judge to what extent they correctly portrayed and predicted before, during and after the war the actual course of events. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Economic Statesmanship

Download Economic Statesmanship PDF Online Free

Author :
Publisher : Forgotten Books
ISBN 13 : 9780243293629
Total Pages : 426 pages
Book Rating : 4.2/5 (936 download)

DOWNLOAD NOW!


Book Synopsis Economic Statesmanship by : J. Ellis Barker

Download or read book Economic Statesmanship written by J. Ellis Barker and published by Forgotten Books. This book was released on 2017-02-06 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Economic Statesmanship: The Great Industrial and Financial Problems Arising From the War The War has shown even to the blindest that military power and economic strength are exceedingly closely interwoven, that Wars may be lost or Won not only on the battlefield, but also in the school, the laboratory, the mine, the mill, and the factory. It follows that the policy of laissez faire, the policy of drift in economic matters, in Which the security of the State is subordinated to the liberty of action of individuals Who merely strive to benefit themselves, has become discredited. The policy of laissez faire, of individualism, is a policy Which may be summed up in the phrase, Everyone for him self. At last it has become clear even to the most narrow-minded individualists that nation-wide co-opera tion, the harmonised and ordered effort of all the citizens for the furtherance of the common good, is a more potent factor for ensuring the national Welfare than unfettered competition, an internecine War of all against all, the bellum omnium contra omnes of Thomas Hobbes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

War-Time Financial Problems - Scholar's Choice Edition

Download War-Time Financial Problems - Scholar's Choice Edition PDF Online Free

Author :
Publisher :
ISBN 13 : 9781297068867
Total Pages : 248 pages
Book Rating : 4.0/5 (688 download)

DOWNLOAD NOW!


Book Synopsis War-Time Financial Problems - Scholar's Choice Edition by : Hartley Withers

Download or read book War-Time Financial Problems - Scholar's Choice Edition written by Hartley Withers and published by . This book was released on 2015-02-17 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

WAR-TIME FINANCIAL PROBLEMS

Download WAR-TIME FINANCIAL PROBLEMS PDF Online Free

Author :
Publisher : Wentworth Press
ISBN 13 : 9781372472244
Total Pages : 322 pages
Book Rating : 4.4/5 (722 download)

DOWNLOAD NOW!


Book Synopsis WAR-TIME FINANCIAL PROBLEMS by : Hartley 1867-1950 Withers

Download or read book WAR-TIME FINANCIAL PROBLEMS written by Hartley 1867-1950 Withers and published by Wentworth Press. This book was released on 2016-08-28 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Financial Chapters of the War (Classic Reprint)

Download Financial Chapters of the War (Classic Reprint) PDF Online Free

Author :
Publisher :
ISBN 13 : 9781332788538
Total Pages : 270 pages
Book Rating : 4.7/5 (885 download)

DOWNLOAD NOW!


Book Synopsis Financial Chapters of the War (Classic Reprint) by : Alexander Dana Noyes

Download or read book Financial Chapters of the War (Classic Reprint) written by Alexander Dana Noyes and published by . This book was released on 2016-06-27 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Financial Chapters of the War It would be presumptuous for any one to claim ability to answer all of them. One reason why this book bears its present title, instead of being described as a financial history of the war, is that the actual and relative importance of many eco nomic phenomena of the period cannot be deter mined conclusively until the war itself is over. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Currency and Finance in Time of War

Download Currency and Finance in Time of War PDF Online Free

Author :
Publisher : Forgotten Books
ISBN 13 : 9780260159427
Total Pages : 54 pages
Book Rating : 4.1/5 (594 download)

DOWNLOAD NOW!


Book Synopsis Currency and Finance in Time of War by : F. Y. Edgeworth

Download or read book Currency and Finance in Time of War written by F. Y. Edgeworth and published by Forgotten Books. This book was released on 2017-12-02 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Currency and Finance in Time of War: A Lecture I. The obligation attached to the Chair of Political Economy, to 'deliver from time to time a public lecture seems onerous to the present occupant of the chair. To one who has principally been employed in cultivating the more abstract portions of the science it is not easy to gather from that field fruits ready for consumption by those who are generally more interested about results than methods. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

The Economy and Finance of the War

Download The Economy and Finance of the War PDF Online Free

Author :
Publisher : Forgotten Books
ISBN 13 : 9780483890817
Total Pages : 100 pages
Book Rating : 4.8/5 (98 download)

DOWNLOAD NOW!


Book Synopsis The Economy and Finance of the War by : A. C. Pigou

Download or read book The Economy and Finance of the War written by A. C. Pigou and published by Forgotten Books. This book was released on 2018-01-25 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Economy and Finance of the War: Being a Discussion of the Real Costs of the War and the Way in Which They Should Be Met The greater part of this little book is constructed from material used in two public lectures delivered in Cambridge under the titles The Economic Costs of the War and The Distribution Of the Costs of the War. Some of the topics treated in it are also discussed in articles which I contributed to the Contemporary Review for December 1915 and April 1916; and a few passages from these articles are, with the kind permission of the Editor, reproduced verbatim. TO obviate misunderstanding, it may be well to say that, while the general lines of analysis here set out would probably be accepted by most competent economists, I should not venture to claim an equal measure of assent for all the practical recommendations. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Finance After the War (Classic Reprint)

Download Finance After the War (Classic Reprint) PDF Online Free

Author :
Publisher : Forgotten Books
ISBN 13 : 9780364780893
Total Pages : 40 pages
Book Rating : 4.7/5 (88 download)

DOWNLOAD NOW!


Book Synopsis Finance After the War (Classic Reprint) by : Drummond Fraser

Download or read book Finance After the War (Classic Reprint) written by Drummond Fraser and published by Forgotten Books. This book was released on 2018-03-17 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Finance After the War In dealing with this subject in war time one is reminded of the stirring appeal which the late Lord Kitchener made for men, munitions, and money. I venture to say that in the historical record of the war, British money-power will not be the least interesting of the three Ms. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

The World's War Debt

Download The World's War Debt PDF Online Free

Author :
Publisher : Forgotten Books
ISBN 13 : 9781330712535
Total Pages : 68 pages
Book Rating : 4.7/5 (125 download)

DOWNLOAD NOW!


Book Synopsis The World's War Debt by : Mechanics And Metals National Bank

Download or read book The World's War Debt written by Mechanics And Metals National Bank and published by Forgotten Books. This book was released on 2015-07-04 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The World's War Debt: A Record and Analysis of the Financial Obligations Left by the War, in Their Relation to the World at Large We have finished the Great War. At the threshold of a new era in the career of mankind, we are scanning the balance sheet of the nations and footing up their gains and losses. There have been immense gains, but these cannot be written in statements of figures. Only the losses can be expressed thus - losses in lives, in property value, in material progress. We are most conscious of the losses at the present time, both because it is possible for them to be reckoned, and because we are immediately faced with the duty of making them up. For the present, therefore, the balance sheet of the war is an obscure one, with the losses tangible and the gains yet to be fully determined. In this volume we have sought to deal with a single item on the tangible side of the war's balance sheet - that item which is made up of the indebtedness of the nations. The reader will find in the following pages material that has been brought together for the purpose of information. The need for a statistical summary of the finances of the recent struggle was the sole incentive in carrying out the work. It is hoped that what we have done will prove to be of real and lasting value. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Report on the War Finance, 1906 (Classic Reprint)

Download Report on the War Finance, 1906 (Classic Reprint) PDF Online Free

Author :
Publisher : Forgotten Books
ISBN 13 : 9781390179996
Total Pages : 62 pages
Book Rating : 4.1/5 (799 download)

DOWNLOAD NOW!


Book Synopsis Report on the War Finance, 1906 (Classic Reprint) by : Japan Departement of Finance

Download or read book Report on the War Finance, 1906 (Classic Reprint) written by Japan Departement of Finance and published by Forgotten Books. This book was released on 2018-08-15 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Report on the War Finance, 1906 Financial Year 1904 - 5, and yen 000 in 1905-6. The Government, moreover, proposed to reduce local finances and endeavoured, by restricting local taxation, to lighten, on the one hand, as much as possible, the burden imposed upon the nation by increased taxation and on the other, to obtain abundant sources of revenue to meet the expenditures connected with the war. Though the funds under special accounts had been established as capital sums necessary for the working of such accounts, the Govern ment recognised, in view of the necessity of defraying enormous war expenses, the propriety of employing them as a source of revenue for those expenditures and diverted and used the said funds as far as was permitted by their respective special accounts. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Economic Problems of Peace After War

Download Economic Problems of Peace After War PDF Online Free

Author :
Publisher : Forgotten Books
ISBN 13 : 9781528363624
Total Pages : 154 pages
Book Rating : 4.3/5 (636 download)

DOWNLOAD NOW!


Book Synopsis Economic Problems of Peace After War by : William Robert Scott

Download or read book Economic Problems of Peace After War written by William Robert Scott and published by Forgotten Books. This book was released on 2017-09-16 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Economic Problems of Peace After War: The W. Stanley Jevons Lectures at University College, London, in 1918 The expansiveness and the solidity of the British finances have been remarkable. Hitherto any reasonable estimate of future revenue, however optimistic it may have seemed at the date it was made, has fallen short of the reality. At the same time due weight must _be given to the present exceptional cir cumstances. From the financial point of View the situation may be compared to that of a person who has to make extraordinary efforts and is kept going by a powerful tonic. The disbursement of immense sums of borrowed money and the state of the cur reney as well as the exceptional nature of war time trade may be compared, not inaptly, to the tonic in the illustration. But the question arises what is to happen to the revenue and to the financial system generally when the time comes at which the tonic can no longer be given? An earnest effort has been made to face this problem in the last two lectures; and, given reason able care and prudent management, the result is far from dis couraging. But war time extravagance has become almost the habit of some of the great spending Departments of the Govern ment, and the restoration of reasonable economy will be necessary, indeed the financial position after the war cannot justly be described as normal until this has been accomplished. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.