A tax of 16-2/3 per cent, is levied on the sale of luxuries, including jewelry, and of articles above a certain price when they become articles of luxury; also on hotel and restaurant bills. This tax will be collected by means of stamps. The new postage rate is raised to 3 cents an ounce; on book packages exceeding one ounce an extra charge of 1 cent will be levied. Letters to the United States will cost 3 cents instead of 2 cents. Post-cards in England will be 2 cents instead of 1 cent, and the parcel rate, under seven pounds, 18 cents, and between seven and eleven pounds, 25 cents. LUXURIES HEAVILY TAXED The tax on luxuries is a new tax in England, and is following the method adopted in France Dec. 31, 1917. The tax on luxuries in France is levied at the rate of 10 per cent. on the retail selling price of the scheduled articles. All payments of less than 20 cents are exempted. The schedule consists of two lists, one comprising articles taxed irrespective of price at 10 per cent., and the other, articles taxed when the retail price exceeds certain specified amounts, as follows: _Taxed Irrespective of Price._--Photographic appliances, gold or platinum jewelry, billiard tables, silk hosiery and underwear, artistic bronze and iron work, horses and ponies for pleasure purposes, curiosities and antiques, sporting guns, books, servants' liveries, gold watches, perfumery, soaps and dentifrices, paintings and sculpture, pianos, (other than cottage pianos,) tapestry, truffles, pleasure boats, and yachts. _Taxed Above Specified Prices, (approximately shown in U.S. money.)_--Pet dogs, $8; other pets, $2; smokers' requisites, $2; bicycles, $50; silver jewelry, $2; picture frames, $2; walking sticks, $2; chinaware table service, $40; single pieces, 39c to $3; men's headwear, $4; women's hats, $8; women's footwear, $8; men's footwear, $10; chocolates, 75c per pound; corsets, $10; men's suits, $35; women's costumes or mantles, $50; scissors, $2; lace and embroidery machine made, 35c per yard; handmade, $1.83 per yard; artificial flowers, $2; furs, $20; gloves, $1.58; furniture, $300 per suite; mirrors, $4; motor cycles, $400; watches, $10; handkerchiefs, $3.66 per dozen; umbrellas, $5; feathers, $5; clocks, $20; photographs, $8 per dozen; cottage pianos, $240; curtains, $20; carpets, $3.62 per yard; pajamas and dressing gowns, $16; horse carriages, $200; bird cages, $2. Payments for goods bought before Jan. 1, 1918, are exempt from the tax. AMERICA'S ASSISTANCE In presenting the budget the Chancellor of the Exchequer stated that the expenditures in the past year exceeded the estimate by $2,030,000,000. He referred to America's assistance as follows: