COMMONWEALTH FINANCE.
TAXATION AND REVENUE. By Telegraph.—Press Association.—Copyright Received Friday, 10.10 p.m. Sydney, Friday.
Mr Holman's income tax proposals reduced exemption from £3OO to £250, and graduation to alter so as to commence at 8d and rising ho as to reach 14d in the £ on incomes in excess of £9700. The previous graduation was 6d to la.
The revenue for 1814-15 is eßti mated at £20,039,000, and expenditure £19,506,000, leaving a surplus of £533,000.
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King Country Chronicle, Volume VIII, Issue 651, 14 March 1914, Page 5
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74COMMONWEALTH FINANCE. King Country Chronicle, Volume VIII, Issue 651, 14 March 1914, Page 5
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