Victorian Politics.

Feilding Star, Volume XVI, Issue 160, 5 January 1895, Page 2

Victorian Politics.

THE LAND AND INCOME TAX BILL IN JEOPARDY. (Per Press Association). Melbourne, This Day. In the Legislative Council another batch of petitions was presented against the Land and Income Tax Bill. The debate was continued by Mr Wynne, who criticised the measure adversely, urging that by the depreciating of land they would ruin the farming class. His personal observation when attending the Postal Conference in New New Zealand last March convinced him that New Zealand, under this tax, was worse off than Victoria. He submitted a scheme for meeting iihe deficit by savings and by buying out pensioners. Mr Fraser said that while fully convinced of the great difficulties in which the Government were placed he was relunctantly compelled to oppose the Bill. Victoria was financially dead. Those who had money to invest did not know how to place it. He had offered trust funds to the Treasurer of New South Wales, but he was full of money. He strongly objected tp the protectionist wall placed round Victoria, and advocated that encouragement should be given to Americans who wanted to open up . a great meat tra.de with Australia. ' JtfL It is believed that if the UpperCJ^^H ber rejects the Bill Parliamejdf|^^^| prorogued. _______^^^^^^^^^B