TAXES REDUCED
N.S.W. Budgets for Surplus higher revenue expected (Beceived 22, 8.45 am..). SYDNEY, Sept. 21. DeliVering his sixtk sUCcessive Budget in the Legislative Assembly tonight tke Primier of New Soutk Wales, Mr B# S. B# Stevens, . stated that the Government finisked the year with a surplus of £74,319, Wkick coHtrasted Witk tke deficit of £1,694,827 ii) 1935-36. He bndge.ted for a surplus of £0398 for the currOnt year# Mr Stevens announced tkat, as fron) December 1, and possibly earlier, wages and Speeial income-taxes Would be roduced by £2,700,000, covering tke flill year, and "tkat at least 300,000 wage-
eamers at present paying wages-tax would be exempted under tke new plan, ineluding tkose earning less tkan £3 a week, tkose witk two children earn ing less than £5 a week, and those witk four children earning lesS tkan £6 a week. EeducitOns on a gradUated scale will apply to tke wages-tax paid by persons witk kigker incomes. Tke Premier pointed out tkat ke was working quietly towafds tke abolition of tke wages and special ineome-tax. He estimated tkat Government revenue for 1937-38 would be sligktly kigker tkan last year, amounting to £27,376,668. There would bo no new taxation.
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Bibliographic details
Hawke's Bay Herald-Tribune, Issue 211, 22 September 1937, Page 5
Word Count
198TAXES REDUCED Hawke's Bay Herald-Tribune, Issue 211, 22 September 1937, Page 5
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