PARLIAMENT

Hokitika Guardian, 29 September 1922, Page 1

PARLIAMENT

[nY TEI.KOItAFH —I’Klt CHESS ASSOCI.I I lON WELLINGTON, Sept. 2<> THE COUNCIL. The Council met at 2.30 p.m. The Imprest Supply Bill was pul through all stages and passed. The State Advances Amendment Bill was reported by the Statutes Revision Committee without amendment. The discussion on Tiou McGregor’s Juries Amendment Bill was resumed, and after many expressions of opinionfor and against. tl.«c Majority tordiets Bill was’ read a second time. The measure was supported by the Leader of the Council, Sir Win Eraser. who stated that there was little dance of the Government taking >l> sue!) contentious legislation this session. The Council adjourned, at 3.35 p.m. THE HOUSE-

Tilt* House met at 2.30 p.m. The Auckland City and Auckland Hospital Board Empowering .Bill fTlon Parr)), Petone and Lower Hntt Gas I ighting Bill GUr Wilford) Invercargill Corporation Empowering Bill (Hon Hanan). The. following Local Bills were read

a second time: —Wanganui River Tourist Amendment Bill (Mr Veiteh), Christchurch District Drainage Amendment Bill (Mr Isitt). On the motion of Mr Hockly, the Tepuke Country Bill was discharged from the Order Paper, the Standing Orders of the House not having been complied with. At the evening sitting, the Judicature Amendment Bill, State Fire Insurance Bill, Electric Power Boards Amendment Bill were read a .second time. The House rose at 11.40 p.m. land tax amendment. Reductions of the land tax and the income tax are proposed in the Land and Income Tax Amendment Bill, 1 which was introduced in the House. The super-tax on land is to be reduced from ‘2O per cent, to 10 per cent., and the super-tax on income is to be removed altogether. Tile Bill makes some other amendments in the existing law. The rates of income for the financial year commenced on April Ist., 1922. are set out as follows: On income assessable under SubSection (0) of Section 112 of the principal Act (companies’ debentures) the rate of income tax shall he 3s for every £1 thereof. On income assessable under SubSection (3) of Section 24 on the Land and Income TSx Amendment Act, 1920 (local bodies’, debentures), the rata rate of income tax shall be 2s Gd for every £1 thereof. On the taxable income of all taxpayers other than those referred to in Clause 1 or Clause 2 of the schedule, the rates of income tax shall he as follows (a) Where the income on which tax is payable does not exceed £4OO, the rate shall be Is for every £1 thereof. (b) Where such income exceeds £4OO, but does not exceed £6,000, the rate shall be Is for £l. thereof increased by one-hundredth part of Id for every £1 in excess of £4OO. (c) Where such income exceeds £6,(XK) the rate shall be 5s 8d for every £1 thereof, increased by one •two-hundredth part of Id for every £1 iii excess of £6OOO, hut so as not to exceed in any case the rate of -7s 4d in the £l. The income tax payable by any taxpayer as hereinbefore provided shall be reduced by 10 per centum of so much thereof as is levied in respect oi earned income, provided that if tin. earned income of a taxpayer for any year exceeds £2OOO. tho reduction provided for by this clause shall be made only in respect of the sum of £2OOO. It has been stated here that the Tax Bill will not apply to land tax to be paid in November next, nor to the income tax which is due in February, but only to the returns to be sent in next year. This is incorrect. The Bill applies to the tax for which returns have nl ready been sent in

QPUSTIOKS. In reply to questions. Ministers (rave the followin'' answers:— That full investigation is miule in all cases where application is mack* under the hardship clause of the I’nb-

lic Expenditure Adjustment Act and each case is dealt with on its merits. That the contribution from New Zea land officially notified by the League' of Nations for 1922 is £5300 and that amount has been paid. The Government is asking the High Commissioner to ascertain if the allocation of levies has been revised. That the Now Zealand Government is already co-operating with the Imperial Government in its overseas settlement scheme though some important details suggested by the Government of this country have not yet boen agreed to in their entirety. That the whole matter of the introduction of legislation to remove scix disability in respect of appointments of justices of the peace is receiving consideration of the Government.

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