PROFITS LIMIT PLAN
Australia To Drop It CANBERRA, August 2. The Treasury will drop the proposal to limit profits to 4 per cent., said an official spokesman today. The full Cabined: will be asked to approve the decision on Monday, and it is inevitable that it will be accepted by the Government. It was now certain that the scheme was administratively impossible. “We are quite convinced,” said the spokesman, “that there is no way in which we can establish a profit limit that will give just treatment to all parties involved. Even if the Government: were to go to the country on the scheme and receive a mandate for it. it would still be impossible to devise legislation that could be regarded as ei pt it,'tide." The spokesman hinted that the Government would investigate other ways and means of dealing with wartime profits.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19420804.2.55
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 35, Issue 262, 4 August 1942, Page 5
Word count
Tapeke kupu
143PROFITS LIMIT PLAN Dominion, Volume 35, Issue 262, 4 August 1942, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in