Difficulties of the “claimant” states, 497. — Provision for transfers of revenue in the Australian federal system, 498. — State disabilities resulting from Commonwealth policies, 499. — Measures of relative financial inferiority, 503. — Application of the standards, 505.

I. The Australian Tariff Committee's report and free trade theory, 289. — The expansion of primary production, 290. — The tariff and the growth of population in Australia, 293. — II. Marshall's doctrine of increasing and decreasing returns, 295. — The tariff and land values, 296. — The tariff as a method of reducing the severity of decreasing returns, 297. — III. Patten's case for protection, 299. — The conditions necessary for its application, 302. — IV. The limits of economic protection, 305. — V. The expediency of the tariff as a method of subsidizing industry, 306.

Growing Importance of Tax Problems. The Australian Commission. — State and Federal Taxes, 72. — The Income Tax, 74. — The Averaging System, 76. — Exemptions and Allowances, 80. — Taxation at the Source, 83. — Differentiation, 88. — Graduation, 89. — Miscellaneous Topics, 91.