AUSTRALIAN.

Hokitika Guardian, 26 September 1918, Page 3

AUSTRALIAN.

[per PRESS ASSOCIATION. —COPYRIGHT.]

PAPEII SHORTAGE. I MELBOURNE, September ‘M. A private conference of newspapn proprietors and the Paper Controller discussed the question of curtailing papers. HEAVIER TAXATION. MELBOURNE, September 25. Hon. Mr Watt, Acting-Federal Premier speaking at the annual conference’of the Women’s National League reiterated bis warning that much heavier taxation was coming. The Budget must find OJ millions for war pensions, interest and sinking fund. They must reduce the consumption of paper and limit the importation of petrol . federal BUDGET. '.Received ibis day at 1.30 p.m.) MELBOURNE, Sept. 26. Mr Watt in hi s Budget speech, estimated the revenue for 1918-19, not including additional taxation which amounts to £5,356,000 at £39,219,591. The estimated expenditure will be £15,344 595 The proposed additional income tax will yield £220,000, the entertainments tax £275,000, postage £510,000 and customs and excise £l,985,000. The public debt now amounts to £28,402,202. Outlining the proposed compulsory investment in the wai loan, Mr Watt said the scheme provided for a penalty of twice the annual average income tax on iion-subscribei s, and the enforcement of the penalty did not absolve from the obligation the subscriber. The amount demanded in this measure would apply to the present war loan. He remarked that Australia should bo congratulated the condition of her finance produc- : tion, trade and manufacture. No ami omit was included in the estimates \oi : a. bachelor’s tax.

PAPER SUPPLIES, f Received this day at 1 40 p.m.) MELBOURNE, This Day. Representatives of the newspapers discussing with the Controller of paper and industries a proposal which will decrease the importation bf paper bj forty per cent.

PRICE OF LIQUOR. MELBOURNE, This Day. The Federal Government ha s fixed pricey of liquor at those ruling on Ist Soutember.

INCREASING TAXATION. ADELAIDE This Day. In tho Assembly the Treasurer outlying the taxation proposals said an cuts and incomes of over a hundred additional one pound on non-enV.sted oaehelors and widowers without dependpounds would’ bo imposed. INCREASED DUTIES. MELBOURNE This Day. |n the House of Representatives, Mr Watt tabled new duties on liquor tobacco. The duties of imported spirits has risen to 2-ss. a gallon. Australian spirits to pay excise of 24/- per gallon and beer 1/- per gallon. Imported tobacco will pay an increase of Bd. nor lb., cigarettes 2/- and cigars 1/-.