Note 53 — THE RENEWAL OF THE INCOME-TAX.

See on this subject a remarkable pamphlet, entitled "Past and Present Delusions on Political Economy," by Alexander Gibbon, Esq. The author has the merit of having pointed out at least one direct infringement of an Act of Parliament, to which we have referred in the text; and we must also bear our testimony to the soundness and precision of many of the views which he has stated on the intricate subject of taxation.