OPINION FROM SYDNEY
INCREASED TAXATION"
"(By Telegraph.—Press Association)
AUCKLAND, This Day. Mr. AY. P. Eiidean, M.P., who early this week received an aflirmative reply to an inquiry in Australia whether the high exchange had proved beneficial to the Commonwealth, sent another cable to a reliable authority in Sydney asking whether-it would be advisable to fix a high rate of exchange similar to that in. Australia. ■ ■
The reply received states s that the effect of a high exchange is to stimulate primary exports temporarily, to increase internal costs, and also the burden of interest remittances. It is logical that an increase in taxation will follow.
Mr. Endean has telegraphed this reply to the Prime Minister,: with the comment "This would seem to be the sounder view. Kindly convey this information to Sir Henry Buckleton."
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Bibliographic details
Evening Post, Volume CXIV, Issue 122, 19 November 1932, Page 14
Word Count
133OPINION FROM SYDNEY Evening Post, Volume CXIV, Issue 122, 19 November 1932, Page 14
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