AUSTRALIA'S AFFAIRS.

Press, Volume LXVI, Issue 20099, 1 December 1930, Page 11

AUSTRALIA'S AFFAIRS.

assessment op income TAX. CONCESSIONS GRANTED. CANBERRA, November 29. he Income Tax Assessment Bill was amen ed in tho House of Representaives to provide for exemption on in--from P ro P ert y. Instead of disI "iV nK ° n lncomes of £4OO and over I reached not n ° W disappear tiU £6OO ia [ The amendment was made in response to pressure from tho Opposijon. An amendment was also agreed to providing for the exemption of lareliolders from the special super tax or 1s 6d in the £1 chargeable on the property portion of a company's income, an imposed also on dividends from income whereon a company has already paid super tax. These concessions amount to £650,000. BOOKMAKERS AND THE NEW TAX. (Received November 30th, 5.5 p.m.) SYDNEY, November 30. Prominent bookmakers declare that the- Lanfr Government's betting tax will kill racing altogether. Bettors would desert th«j courses and the breeding of racehorses would bo retarded. ART UNION FOR UNEMPLOYED. CANBERRA, November 29. Tiie Minister for Home Affairs, Mr A. Blakeley, has announced that the Government has approved of an art union to provide relief for unemployment in tho Federal capital territory. EX-GOVERNOR-GENERAL'S OPINION. LONDON, November 28. Lord Stonehaven (retiring GovernorGeneral of Australia) has arrived in Glasgow. In an interview he declared that no part of the Empire was more loyal than Australia, which would probably recover from its difficulties more quickly than other countries.