PREMIERS’ CONFERENCE
LOAN COUNCIL REPORT. (Australian Press Association.) (Received this day at, 9.25. a.m) MELBOURNE, May 26. The Premiers Conference discussed the report of The Loan Councils subcommittee and proposals of the committee of experts suggesting twenty per cent, cut in public service salaries, pensions and maternity allowances and fifteen per cent reduction in interest from fixed money. They favoured heavier taxation on incomes over seven hundred pounds, high levy on singlo persons and increased sales tax and primage duties. The Loan Council’s committee reported that it had not had enough time to consider tho expert’s recommendations sufficiently. It had agreed, however, on the. necessity for ,a. twenty per cent, reduction, of all.. Government expenditure ; compared with 1929-80. It thought ~.the conversion. of Australia’s internal indebtedness at-a reduced rate of interest would them be possible.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19310526.2.27
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 26 May 1931, Page 5
Word count
Tapeke kupu
135PREMIERS’ CONFERENCE Hokitika Guardian, 26 May 1931, Page 5
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in