DUNEDIN OBJECTION
TO QUAKE RELIEF TAX. (li,/ Te.le.ijruph — I‘t'i I*resit Assochtinn) |)r.\'Kl)lX, April 10. The proposal in the Hawkes Bay Earthquake, Hill to impose a tax of ] s (jJ per cent, on insurable property in order to raise the money to replace the £1,500,000 taken from the Reserve Fund in London is not meeting with much favour with the Dunedin business and farming community. I'heir chief criticism is being directed against the position which would arise under the Hill -seeing that a man whose wealth is represented hv investment,. in debentures bonds, etc., would escape altogether. This is termed illogica 1. Mr A. C. Cameron, President of tile Chamber of Commerce, said that the tax was unjust and inequitable, and would tend further to embarrass a man who had invested in business or farming. An ideal method of taxation was a tax upon the income of the individual, plus customs and excise duties on luxuries.
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Hokitika Guardian, 13 April 1931, Page 8
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155DUNEDIN OBJECTION Hokitika Guardian, 13 April 1931, Page 8
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