AUSTRALIAN POLICY
STATES'TINANCE& FLOTILLA OF TWENTY DESTROYERS. LAND TAX. |ni lEUoniPH— tutst arbocutiok—cofrniatnJ(Rcc. March 31, 0.30 a.m.) Brisbane, March 30, Mr. Fisher, Federal Prime Minister, delivered tho first section of his policy speech at Gympio to-night. Dealing with national finance, ho declared for a fixed minimum of fivo millions per annum guaranteed to tho States, tho latter to receivo any surplus on a per capita basis. Ho proposes tho creation of an Australian floot of not less than twenty destroyers, call- \ ing for an expondituro of at least throe millions, in addition to tho cost of maintenance/during the next three years. Military defonco will include a schomo of universal compulsoiy military training. To effectively accomplish tho naval and military schemes, financial provision will bo made by direct taxation. In default of. proper steps being taken by the Stateß to provide land for immigrants, the Federation will institute a progressivo land tax, with aa exemption fixed at £5000. It is also proposed to levy an übsenteo tax.
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Dominion, Volume 2, Issue 470, 31 March 1909, Page 7
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166AUSTRALIAN POLICY Dominion, Volume 2, Issue 470, 31 March 1909, Page 7
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