AMERICA'S SINEWS OF WAR

Dominion, Volume 10, Issue 3081, 11 May 1917, Page 5

AMERICA'S SINEWS OF WAR

THE PROPOSED WAR

TAXES

LIBERTY LOAN SWELLING

Washington,. May 9. '"> The proposed war trxes as drafted by the House Committee impose an income tax on unmarried persons receiving £200 per annum, and on married persons receiving £400 and upwards. A supertax of 33 per cent, is imposed oa all incomes exceeding £100.000. The taxes on whisky, wine, cigarettes did tobacco are doubled, and the inheritance tax is a third greater. The income tax has been trebled. A thousand pounds pays £16; £20.000 pays £2400; and £600,000 pays £300,000. The profits tax has been doubled, and includes profits <M transportation, insurance, and amusements. The Bill is designed to raise 1.800,000,000 dollars. The Senate has adopted a clause empowering the President to s place embargoes, with tho object of forcing a suspension of trade with Germany. The War Revenue Bill taxes goods on the free list 10 per cent., and adds 10 per cent, to the existing tariff.—Aus.-N.Z. Cable Assn. THE GREMIMTY LOAN SIX HUNDRED MILLIONS RAISED. Washington, May 9. The Liberty Loan subscriptions total six hundred millions. It is expected that tho bonds will be redeemable at the Government's option in fifteon years and duo in thirty years. There wi'l be a. small fixed deposit, and the balance is payable in instalments. Tho minimum denomination will be a hundred dollars and the maximum 100,000 dollars. —Aus.-N.Z. Cable Assn. FRENCH COMMISSIONERS IN NEW YORK • ; ' Washington, May 9. General Joffre' and M. Viviani arrive in New York, to-day. General Joffro will he presented with a gold miniature of tho Statue of Liberty.—Aus.-N.Z.. Cable Assn. AMERICAN SOLDIER*! IN PARIS. (Rec. May 10, 10.30 p.m.)

/ Paris, May 9. For the first, time in history American soldiers marched through the Paris streets under the Stars and Stripes. The contingent consisted of 200 stu-dents-in khald, who had enlisted in the transport" service.—Aus.-N.Z. Cable Assn. / TRIBAL RAID IN INDIAN NORTH-WEST BRITISH CONVOY ATTACKED. ; (R*c. May; 11, 0.45 a.nu) Simla, May 10. The Mahsud tribesmen on May. 1 attacked a convoy' between Nilikach and Kharjurikach (in tho Indian northwest). Two British and two native officers and fifty-six sepoys were killed. The Derajat forces (in the Punjaub) have since' been strengthened by militia. The Gurkhas' dispersed the raiders iffitU loss.—Am-N.Z. iCablo Assn. FEDERAL ELECTIONS 1 DExVTH OF A NATIONALIST MEMBER.- • IBy Teleeraph-Preßß Association-OopyrigW (Rec. May. 11, 1.30 a.m.) Melbourne, May 10. Obituary.—Mr. C. R. Howroyd, Nationalist, who defeated Mr. King O'Malley (ex-Minister)' for Darwin. A fresh election will be necessary. NEW SOUTH WALES LOAN "TERMS DECIDEDLY TEMPTING." (Rec. May 10, 6.30 pirn.) London, May 10. ■ The subscription list for the New South Wales £3,000,000 5 i per cent, loan at 98 will close on May 14. The prospectus emphasises_ tho point that stock debentures domiciled iu London will not he subject to income tax or death duties in New South Wales. Payment in full will be permitted on May 21. at a discount of live per cent. Several of the newspapers criticise the action of the Treasury .in allowing the issue instead of itself lending the money, thus, avoiding the appearance of competition, but they expect that the monev will bo readily subscribed.' The "Westminster Gazette"' says: "The terms, are decidedly tempting." —Aus.-N.Z. Cable Assn. QUEENSLAND'S REFERENDUM MAJORITY AGAINST ABOLITION OF UPPER HOUSE. (Rec. May 10, 10.30 p.m.) • Brisbane, May 10. The voting continues to increase tbo majorities against the abolition of the Legislative Council, and also against the reduction of liquor licenses. —Press Assn.