NEW SOUTH WALES LOAN
COMMENT BY "FINANCIAL NEWS" REGARDING INCOME TAX. ! (Rec. June 24, 10.10 p.m.) London, June 24. The "Financial News" says: "The question of Queensland leases is being thrust into considerable prominence, There is reason to believa tlmfc this thorny problem was a contributory factor in producing the rift between 'Mr, Watt and Mr Hughes, whiahi left the Australian loan negotiations whero Mohammed's coffin was reputed to hang—that is, in the air. In connection with the New Fouth Wales loan prospectus, stock in which will not be subject to any taxes in ■I ew Soutli Wales, English investors are asking theiuselvea whether it wifl be competent for the New Soutli Wales Government to disregard this provision and impose, say, income tax on tihe interest pnyalrte to holders. As the British Empire is worked under a flexible constitutional system, tho Dominion Legislatures con do practically anything if isters obtain a majority. We should like our Australian kinsmen to consider that a bargain oannot be altered without the consent of both parties."—Aus.-N.Z, Cable Assn.
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Dominion, Volume 13, Issue 232, 25 June 1920, Page 7
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174NEW SOUTH WALES LOAN Dominion, Volume 13, Issue 232, 25 June 1920, Page 7
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