Total Expenditure Of £549,492,000

Manawatu Times, Volume 67, Issue 210, 3 September 1942, Page 5

Total Expenditure Of £549,492,000

(By Telegraph—Press Assn.—Copyright.) Received Thursday, 1.16 a.m. CANacKKA, Sept. 2. A recurd buuyc. .wr <t iu... «~*ieiiui.uie or ws uurv--u.cu uy tne Ktueiai ncu.u.ee (i*u. -. ..ves hu-ii.yiit. u vn.a aiuoux. wy 1J4..1-. a..a o.o*. ..ia. B u, piwv.ue ,wvu icuv.i.y it t,y..„.wuwy or w.uvw,vuu. .j.irig in ~-,6-u,wwU,ooo anu auuU.oita. -uiums anu uac.»o revenue wni amount ku *,)<»,koo,UuV in tne tun year, oe.atie %ji tms tax, wn.cn wu! presu.nauiy ue irnloosed on tooacco ana nquo., win be announced later. me entertainment tax wni commence at tnreepence in the admission charge of one snnung and increase by twopence tor ever, sixpence wnereby the admission charge exceeds one shining up to five shillings. Above nve shillings the increase is threepence tor every sixpence above five shillings, approximately a 25 per cent, reuuct.on will apply to “flesh and biood ” shows. “This year," said Ivir. Chietley, “the Government races the problem of finding £*00,000,000 which is the gap between the estimated expenditure and the estimated revenue. The excess spending power of the people must be transferred to the Government to pay the fighting forces and for labour and materials useo in producing munitions and war supp.ies. “While relying to a large extent on tnvoluntary efforts of the people, the Government is resolved that its payment wiD not be evaded. Last year we receiver. £120,000,000 from public loans. If we double that amount this year w« will re ceive £240,000,000 which is four times that received in 1940-41. This woui. leave £60,000,000 to be provided from savings bonds and savings certificates. This is about the British rate of contributions to small savings and with our higher wages should be capable of accomplishment.’’ The expenditure for the Army, Navy and Air Force will amount to £415,000,00.. “The Government has been giving close consideration to the vitally important question of postwar reconstruction,” said Mr Chifley. “The Government has accepted the recommendation of a cabinet sub-committee that it is necessary to invest the Commonwealth Parliament with legal powers sufficiently wide to save the nation from the chaos which is likely to result unless the Commonwealth Parliament is able to deal with postwar reconstruction on a national basis. “Broadly,” said Mr Chifley, “our postwar aim must be the physical development of our country linked with expanded production and increased population. By these means employment will be assured to our people and security to the children of Australia. Power to control prices and production is an essential adjunct to any progressive policy of physical development. Such control is possible to-day only because of the war powers. The present powers would disappear with the war and they must be continued by constitutional alterat.ons. The Government, therefore, proposes to introduce a Bill to achieve tne required amendment to the Constitution.”