BIG SUPER TAX

Hokitika Guardian, 26 January 1931, Page 5

BIG SUPER TAX

MOOTED IN N.S.W,

(United Press Association—By Electric Telegraph.—Copyright.)

(Received this day ut 10 a.m.) SYDNEY, January 25

New South Wales citizens are again threatened with additional taxation. Hon. Mr Tully, Minister of Lands, speaking at Goulburn, said that the Lang Government was in a desperate financial plight. He hinted that the Ministry wa« considering ft super tux of fifty per cent.

SYDNEY COUNCIL REVENUE

SYDNEY, Jan. 26,

To amplify the Sydney Council par it is pointed out that two hundred thousand loss x - epresents the slump in rental- values o fthe Council’s properties, which include a number of hotels and business sites.

N.S.W. POLITICS

OPPOSITION PROPOSALS

SYDNEY, Jan. 26

• Important proposals of the Nationalist financial" policy were made known to-night by Mr H. S. Gullett, deputyleader of the Opposition, with the full concurrence of Mr Latham, leader of the Opposition. It suggests that the Commonwealth expenditure should be reduced at the rate of five millions for the present financial year, that there should be an internal Australian loan of ten millions for works and rural relief ; also the transfer of a large amount of credit from London to Australia, and the temporary reduction of taxation by about ten millions, by the funding in London of part of Australia’s overseas interest payments for five years. Mr Gullett claims that this plan would have a tremendous influence on bondholders.