OPINIONS IN THE CITY.
Opinions expressed in a number of quarters in the city to day on the compulsory loan to bo raised by the Government were that it was not as bad as it might 'have been and, in a number of quarters, not as bad as expected. Capital, had not been touched—the loan would ibe taken out of profit. One businessman said: “AVe are all in this war. If we cannot go to fight, then we have to work and pay. but the loan means that the capital ana the business producing the profit which will pay the loan will not be touched. AVliile the war is on we should be prepared to just hold our own and go without the profit we have known in other times.”
It was pointed out in another quarter that older men would appreciate the provision that death duties could come from the money held by the Government under the loan. This meant that, should death 1 duties become due from an estate, they would be met by the money already in the hands of the Government, and this would obviate in certain cases the need for the sale, as happened on many occasions, of an estate’s most valuable assets in order to pay death duties.
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Bibliographic details
Manawatu Standard, Volume LX, Issue 256, 26 September 1940, Page 8
Word Count
214OPINIONS IN THE CITY. Manawatu Standard, Volume LX, Issue 256, 26 September 1940, Page 8
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