RACING CLUBS
RELIEVED FROM INCOME TAX A RETROSPECTIVE CLAUSE
Section 27 of the Laid and Income Tax Bill, faWDduced in tho House of Representatives yesterday, makes the following provision, in regard to paymontl of income tax by racing clubs: "Notwithstanding anything to the contrary in any Act, income tax shall not be deemed to be payable by any racing club prior tlo the year of assessment commencing on the first day of April, 1920." The term racilng club is to include hunt clubs and polo clubs.
Tliis clause, which is retrospective in effect', relieves the racing clubs from a liability imposed upon them by a judgment of tfhe Supreme Court 6ome time ago. , "QUITE UNWORKABLE" COMPULSORY CLAUSES OF LAND ACT, 1908. The compulsory acquisition of land t>jthe ; Government was referred to in the House by the Prime Minister (Mr. Maswho said last night that ho could think of quite a number of compulsory purchases that had taken place while he was in Parliament, but not of one in which the negotiations had not been irksome and the expenses enormous.. The compulsory proposals placed in the Land Act of 1908 by somo of the most able men.in tie country had been "a dead failure" from beginning to end. They had been quite unworkable. "I believe, 1 ' he concluded, "that the best provisions we have in that way are the provisions under the Public Works Act. "NO HARDSHIP" COMPULSORY GOVERNMENT • LOANS. "I know perfectly well that the public think it no hardship to Jend money to the Government at this rate of interest which we propose to pay," said the Prime Minister, referring last night to the provisions for the raising of compulsory loans. "I know that—l 6peak positively—" Mr. Massey continued, "because even now our debentures are going over the counter at 5 per cent., and the rate at which they are going haa surprised me." memberFsalaries COMMITTEE TO MAKE SUGGESTIONS. ■ The Civil List Bill, proposing to increase the salaries of members of Parliament, is.to be referred to a committee for consideration. This committee, which, is ilo consist of Mr. Masse.v, Sir Frederick Lang, Mr. Luke. Mr. Wright, Mr. W. R. Smith, Mr. Sidey, and Mr. Wilford, is to have power to "confer with a similar committee to be set up by tho Legislative Council. Mr. Massey gave the necessary notice of moilion yesterday. This comm-'ittee will probably suggest amendments of the Bill ifa the direction of larger increases of salary than the Government proposed.
INCREASED DEATH DUTIES MR, MASSEY'S .'STATEMENT, "The Finance Committee will to-mor-row consider proposals in connection with increases in death duties," the Prime Minister announced in the House last night.. "You cannot bring these things into operation at once, and theso pro l posals will come into operation on April 1 next. lam not going to say by how much wo propose to increase the death duties. Thera will be some alterations in other directions. The increased duties will be more urgently required next year, as far as I am able to judge, than they are at the present time, I hope I am wrong," ABOUT WATPROFITS "I wculd like to ask some of tho honourable members here what they contributed personally towards the war. I think a good many of them would not like their banking accounts to bo published," said Mr. G. Mitchell (Wellington South) in the House last night. Ho proceeded to suggest that a jjrent many farmers had made no financial contribution to tho cost of the war at all, and their increased taxation had been more than covered by their war profits. Mr. Mitchell urged the Government to face the war debt in a courageous way, and see that tho possessors of war profits helped to clear off that debt. NO-LICENSE LIQUOR A return presented to the House of Representatives yesterday showed the quantities of liquor sent into, no-license areas last year. The figures were as follow:— Ashburton, 25,983 gallons; Bruce, 28,262 gallons; Clutha, 21,387 gallons; Eden, 15,85-4 gallons; Grey Lvnn, 5339 gallons; Invercargill, 98,301 gallons; Masterton, 43,771 gallons; Mataura, 49,103 gallons; Oamaru, 49,456 gallons; Ohineniuri, 19,40? callous; Rosktll (newly created district). 59 gallons; Wellington South, 10,362 gallons; Wellington Suburbs, 9203 gallons: total, 381,504 gallons. THE BROKENHILL STRIKERS Mr. Holland (Bullcr) gnve notice in the House of Representatives yesterday to ask the Prime Minister if ho "will take steps to facilitate the work of those Labour organisations which aro engaged in rendering assistance to the women and children of Broken Hill, whose breadwinners are divorced from their occupation of metal mining because they refuse to work under conditions which are proved to mean oither an early death or completely wrecked health. Mr. .Holland added to his question a lengthy note, suggesting that tho Broken Hill strikers wero fighting against unhealthy and unjust industrial conditions.
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Dominion, Volume 13, Issue 296, 8 September 1920, Page 8
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802RACING CLUBS Dominion, Volume 13, Issue 296, 8 September 1920, Page 8
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