THE BRITISH PARLIAMENT.

Hokitika Guardian, 15 April 1920, Page 3

THE BRITISH PARLIAMENT.

TAXATION OF WAR WEALTH

A BIG QUESTION

(Imperial News Service)

* . LONDON, April 13/ J’lie Commons Committee on taxation oWfar wealth resumed its sittings. Mr

Anderson (Chairman of the Inland Re-

venue Board) submitted three alternaThe first suggestion was liberal abatement based on the of prewar wealth, should be > ■ allowed to cover savings and recognise the diminished value of a pound, the duty under each scnle to be limited in order not to reduce post-war wealth to under five thousand. The first scale which affects fortyfive thousand people, is estimated to produce four hundred and fifty milj - lions.

The second scale, affecting one hundred and five thousand, is estimated to yield seven hundred million. The third affecting seventy-five thousand, is estimated to yield three hundred million. Mr Anderson said unless they could aim at a yield of five hundred millions, it would be questionable .whether it was , Vi worth while facing the cost of the finJ ancial disturbances. The Committee adjourned after Mr Anderson had promised to submit the result of his investigations of the effect of the levy on business. .

REPLIES IN COMMONS. (Received This Day at 1.5. p.m.) LONDON, April 14. Hon Bonar Law stated it. was undesirable to publish the Anglo-French notes in regard to the occupation of German towns. He declared the AngloFrench relations were harmonious, as he hoped they always would be. He intimated that the matters are to be discussed at San Remo. Replying to Mr O’Connor, Mr Barlow announced that the Irish Government had decided persons arrested and detained by order of the military authorities, would in future be given ameliorative treatment from the date of arrest until convicted. They would be terated entirely differently from convicted and untried prisoners.