Take, if you like, and purely as an illustration, one industry alone,--agriculture,--of all industries the most important for the permanent well-being of any land.

Examine the budgets of foreign lands,--we have the advantage in other directions,--but examine and compare them with our own, and Honorable Members will be rather ashamed at the contrasts between the wise and lavish generosity of countries much poorer than ours and the short-sighted and niggardly parsimony with which we dole out small sums of money for the encouragement of agriculture in our country....
"We are not getting out of the land anything like what it is capable of endowing us with.

Of the enormous quantity of agricultural and dairy produce, and fruit, and the timber imported into this country, a considerable portion could be raised on our own lands."[21] The proposed industrial advance is to be secured largely at the expense of capital, but for its ultimate profit.

The capitalists are to pay the initial cost.

Mr.Lloyd George is very careful to remind them that even if the present income tax were doubled, five years of the phenomenal yet steady growth of the income of the rich and well-to-do who pay this tax, would leave them as well off as they were before.