SLUMP IN HEIRESSES.

Taihape Daily Times, 17 July 1919, Page 5

SLUMP IN HEIRESSES.

There is something like a heavy slump in Anglo-American heiresses. The cause is not far to seek-~ taxvation. It_"is,:-§alling«:hai'dest on the Americans who the British Isles, says ‘the Weekly'Mail and Record-. Britain takes nearly half their income, and America takes the best part of what is left. ‘sSo‘me of the wealthy Americans who live in England, but derive their incomes from America, are havingv to .ec.onvomise. People who live on theireinheritance are, of course, very much harder hit than profiteers. When the condition of things becomes again what it was before the war,» it will be seen that some of those in tlle.forefl'ont before August, 1914, will be relegated to a. back seat, while quite :1 new order of heiresses, with names unknown before the balmy days of munition contracts, ,has been thrown up. _ ' _