FINANCE

the money dealings between man and man, and the busine of public revenue and expenditure. It is an item of political economy. F. in personal matters is mainly concerned with the disposal of capital or income in investments, and with the adjustment of expenditure to income: the safety of investments, the proportion of income to be set aside for investment, the raising of additional income, are all questions of personal f. The main question of national f. is the raising of revenue. Today in civilized states the payment of taxes, either direct on income, or indirect through the Customs and Excise, is the main element in national revenue, and legislative sancpie is required for the levying of such xes,