EES RED. ARMY UNIFORM (1) AS IT IS;
(2) AS IT WAS BEFORE THE WAR AND WILL BE AGAIN; AND (3) AS TO SUIT MR.
CHURCHILL'S MARLBOROUGH TRADITIONS, IT SHOULD HAVE BEEN.]

In resisting the proposal to make a levy on capital Mr. CHAMBERLAIN
covered the ground so exhaustively that, as Sir F. BANBURY
subsequently observed, the chief complaint to be made of his speech
was that it was not delivered three months before, when it would have
saved the money-market great anxiety and prevented much depreciation
of capital. For, according to the CHANCELLOR OF THE EXCHEQUER, a levy
on war-wealth was never really practicable, and even if it had been
would have had no effect upon the amount of the floating debt, his
most pressing problem. But, if so, why not have said it at the start,
instead of setting up a Committee to try to find a solution for the
insoluble?

Mr. CHAMBERLAIN'S contention that by the income-tax and super-tax
wealth was already heavily conscripted would have perhaps been better
left without illustration. His case of the gentleman with L131,000 a
year, who after paying his taxes had only L42,500 to spend, left Mr.
STEPHEN WALSH quite cold. Sir DONALD MACLEAN, by some odd process of
reasoning, came to the conclusion that the Government's decision would
be welcomed by all the enemies of capital, and announced his intention
of joining the Labour Party in the Lobby.

_Wednesday, June 9th._--The Air Navigation Bill passed through
the usually serene atmosphere of the Upper House, but not without
encountering a certain number of "bumps." Lord MONTAGU, calling to
mind the nursery saying, "if pigs could fly," was alarmed by the
possibility that "air-hogs" might interfere with the amenities, and
might even endanger the lives, of earth-bound citizens by flying over
them at unduly low altitudes. He suggested two thousand feet as a
minimum. Lord LONDONDERRY resisted the Amendment on the ground that it
was difficult to gauge the height at which aircraft flew, and thought
few airmen would care to risk the penalties provided in the Bill--a
fine of two hundred pounds and six months' imprisonment--by indulging
a taste for forbidden stunts.

At first blush you would hardly think it necessary to include the City
Corporation among the local authorities who may establish aerodromes.
The "one square mile" does not offer much encouragement to the airman
who wishes to make a safe landing. But you never can tell what may
happen. The "Old Lady