FEDERAL BUDGET
FINANCIAL NEWS .COMMENT.
(Australian Press Association)
~ ..L,. LONDONj, August’' 231 The Financial News-describes ..Australia’s new taxes ns 'thig price the public has to pay for labour disturbances The most favourable features are the continuance of British preference 'and -i provision . for debt redemption. , INDIGNATION' GROWS. : ' ...CSYDOTV,August 23. The Federal Government’s new Customs and Excise duties, in addition to their extra taxation Gojj incomes and on amusemenWf-as I’cabled yesterday, have caused -/an : outburst of, ; 'indighatip'pNthroughoiit: : -,Aufetrnlia. • The prqsS’.generally severely : condemns the -Trtasurer’s announcement.
The theatres; managers aip',.the motor industry "/predict severeblosses and trade disturbance, with' -repercussion in tjie‘ districts. is reported that the increasfedyduties on liquors, picture film;;'motor chassis and petrol have caused ' a.;,slump in share prices on the Stock Eixchangefe ; ;N.l. The Evening News in an editorial, concludes: The Government cannot but regard the reaction "of the electors with anything but misgiving.
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Hokitika Guardian, 24 August 1929, Page 5
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144FEDERAL BUDGET Hokitika Guardian, 24 August 1929, Page 5
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