TO RAISE MONEY

Hokitika Guardian, 26 April 1932, Page 5

TO RAISE MONEY

MR LANG’S POLICY BIG TAX INCREASE EXPECTED. (Australian Press Association.) | SYDNEY, April 25. The New South Wales State. Parliament meets to-morrow, when it is anticipated that Mr Lang, the Premier, will introduce a Bill to validate any illegality arising from the recent actions affecting the Audit Act. It is understood the Government are unwilling to go to the country, and will endeavour to carry on until toe Privy Council’s decision is known regarding the Legislative Council Abolition question.

It i» expected that the Government will now introduce legislation to raise revenue in order to meet the State’s requirements including drastic inceases in the taxation on high incomes and earnings, also a levy on property above a certain value; and there is also the possibility of the imposition, of a capital levy, as was recommended by a recent Labour Conference.

The “Herald” says: Important developments in State politics are expected when Parliament meets on Tuesday. Drastic financial measures are to be brought down by the Premier, which will undoubtedly again bring the Government into conflict with the Legislative Council,

UNEMPLOYMENT LOAN.

RAISING OF THREE MILLIONS

MELBOURNE, April 25

Air Lyons announced definite plans for raising three millions to alleviate unemployment during the winter. Authority had been given by the Loan Council for each State, on its own responsibility, to raise the money. An exception is New South Wales, but if this State is prepared to give an assurance that it will also honour the Premieite’ plan, similar authority will ho given.

A statement implying there will be (no alteration in the exchange position, was made at the close of the Commonwealth Bank Board meeting, by Sir Robert Gibson, to-night.

“There has been a good' deal of speculation on this subject,” he said, “utterances having been made in certain quarters about the proper functions of exchange in relation to the economic life, of Australia. I wish to say that the Board will not he swayed by sectional interests, but will continue, while in control of the exchange position, to perform its task in the interests of the Commonwealth generally, irrespective of criticism.”

STATE TREASURY AS BANK,

SYDNEY, A 1 »11 m

The “Telegraph” say® that secret plans for constituting the State treasury as a bank, on which cheques will be drawn for payment of Governmental account?, have been drawn up, and are at present in possession of Mr Lang. The paper add® that special legislation will be necessary to put it into operation, as it is virtual inflation _

THE LANG DICTATORSHIP

DENOUNCED BY FEDERAL A.L.P

(Received this day at 9.25 n.m'. SYDNEY, April 26

A (Statement, defining the attitude of the New South Wales branch of the Federal Australian Labour Party, issued on behalf of the executive says:— The New South Wale? branch of tne A.L.P. finds it necessary to declare that, there can be no unity, or compromise. with the Lang dictatorship, although it has successfully deceived and intimidated thousands of honest Labourites, lias disgraced and dishonoured the name ol the Australian Labour Party by its conduct and administration.