CHAMBER OF COMMERCE.

Hokitika Guardian, 24 November 1921, Page 3

CHAMBER OF COMMERCE.

[BV ’I'KI.KOItAI’II- —run PRESS ASSOCIATION'] CHRSTC'B URCII, November 23. At the Chambers of Commerce Conference here, Mr Leigh Hunt, on behalf of the Wellington Ghamber, moved: “That in view of tlie lurt that many of the usual Government sources of revenue are likely to show a pronounced shrinkage owing to the prej sent linaneial stringency, litis (.'onfereii.ee is of opinion that the time has

arrived when a miirli larger revenue ' should lie derived from luxuries and amusements.” ! Air I Lint said that since this remit l was framed, Mr Massey liad announced j his intention to make a further tax on j amusements. No doubt, Air Massey would be glad to have public, opinion behind him. He thought that young men and women having good salaries, were, under the income tax exemption, escaping taxation.

Air Tyers (Christ,'lior,-111 agreed that bachelors and spinsters were not contributing their share of taxation, but said that a remedy would lie better attained hy an amendment of the Income Tax Act. that would lower the exemption. He claimed an increase in the amusement tax would strike at the fathers of families. | Air Al<(Donald lOliairnian of the Board of Trade) said Unit he had been I trying to devise a luxury tax. and bad

found some ,1 itlieiilly. The remit was agreed to . it'll R ISTC’H I RC! I, N»v. 23. The Cliambei' of Commerce Conference passed tile following resolution: I ‘'That, this conference expresses its <!isI approval of the establishment of a ! in,.>r,-untile shipping board or company involving subs,'tipi ions, and guarantees l, v the Government for borrowed money.” Remits were adopted urging the Government to appoint business experts . verninent to appoint business experts as trade eommissioiiei's. particularly in the East and to amend shipping legislation in connect ion with bills of lading. Also that a flat rate of freight between America and New Zealand be ,-i con,lit ion in all future mail eniilraels.Anotlier resolution carried, stressed the necessity for further ceoimlny by the Government.

('llAMIll'll! OF COMMERCE. - CHRISTCHURCH, Nov. 21. The morning session of the ('haiiiher of Commerce Conference was mainly occupied to a discussion on remits dealing with Mortgages and D,'|Kisits Extension Bill, and banking. In connect ion with ijbe former, it was decided that tho .Minister be asked to withdraw the Bill as drafted, and to include certain clauses suggested by the Conference. It was also decided that banks be asked to pay interest. ~n credit balances of current accounts ~f t'lltf) or over, and that t lie half yearly charge for keeping customers' a,'counts be abolished: aI i, int c, ici I exchanges. The Cnnfcrcncc suggested il be allowed to noliitec to lie set op by tile Premier, junto persons for a I'axation C'oiiiuiit-