COMPULSORY WAR LOAN CONTRIBUTIONS
THE NEW AUSTRALIAN MEASUE'E. Melbourne, October 10. In the House of Bepresentativos, Mr. W. A. Watt (Acting Prime Minister) moved the second reading of the Compulsory War Loan Bill. He said the measure fixes the amount that may ho compulsorily raised at six times the nvcrago of tho subscribers' income tax during tho past three years. No account will be taken of subscriptions to previous loans, but compulsion will not be used with respect to more than one loan in any one. year. The Bill will only bo enforced in the event of tho loan not being fully subscribed, and then only to the amount of the deficit. Explaining tho reasons for introducing the Bill, ho said that Australia could not lean further on the British Govern.;, mont, as, since tho war, it had already lent the Commonwealth £.47,500,000, besides paying £54,345,000 for the maintenance of Australian troops at the fiwit, of which only £16,000,000 had been repaid. Soldiers and persons receiving less than £250 a year would be exempted from compulsory subscription. .
Tlio dobate was adjourned.—Press Assn.
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Dominion, Volume 12, Issue 14, 11 October 1918, Page 5
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182COMPULSORY WAR LOAN CONTRIBUTIONS Dominion, Volume 12, Issue 14, 11 October 1918, Page 5
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