EATEN UP BY THE FEDERAL LAND TAX.
EQUIVALENT OF A FOUR PER CENT. DIVIDEND. Br Toleirranh- Press "Times"—'Sydney "Sun" Special Cables. London, November 16. _ At the annual meeting of the Scot-tish-Australian Investment Company, Mr. John Harloy said that £20,818 had been paid in 191.2 in colonial taxation, the bulk being Federal land tax. . Tho amount equ.allod a dividend of i per oent. on ordinary capital, and had been levied on all freehold properties, whether reproductive or aot. The' taxation exceeded anything that could'bo termfed reasonable. Strong remonstrances had beon made to the Government, buti had boon unavailing, Only one courso remained: to sell all freehold on. which tho Federal land tax was levied. This would take -time. They Would find other outlets for their capital, because Australia, with all its faults.-.of government, was a great country, with a future before, it.
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Dominion, Volume 7, Issue 1909, 18 November 1913, Page 7
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141EATEN UP BY THE FEDERAL LAND TAX. Dominion, Volume 7, Issue 1909, 18 November 1913, Page 7
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