FURTHER TAXATION
MR. FENTON'S OPINION
ANXIETY IN AUSTRALIA
Untied rtess Association—By Electric Tel*
sraph—Copyright. (Received 20lh September, 1 p.m.) MELBOURNE, This Day.
The Acting-Prime Minister, Mr. Fenlon, reiterated his opinion that increased taxation was inevitable. "Even with all our reductions there must be further taxation. We are not going to put any extra burden on industry." The' Board of the Commonwealth Bank expressed the opinion that progress had been made by some States in regard to balancing their Budgets, but the Federal position was regarded as entirely unsatisfactory, The uncertainty of outlook was accentuating the depression in business circles, and in some influential circles the opinion is held that die indecision of the Federal Cabinet Subcommittee which is exploring the situation is unwittingly working up all the elements of a serious crisis. It is felt that if action is not taken shortly to, inaugurate fair measures of economy, steps of a drastic nature may have to be taken to prevent the national "financial position drifting further into chaos.
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Bibliographic details
Evening Post, Volume CX, Issue 71, 20 September 1930, Page 9
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168FURTHER TAXATION Evening Post, Volume CX, Issue 71, 20 September 1930, Page 9
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