LANG CABINET

Nelson Evening Mail, Volume LXIV, 20 January 1931, Page 7

LANG CABINET

WINNING BETS TAX OFFER TO RACING CLUB ALTERNATIVE WILL BE CONSIDERED (United Press Association—By Electric Telegraph—Copyright) SYDNEY, 19th January. Representatives of the metropolitan ancl country racing clubs discussed with ■Mr Gosling, Chief Secretary, the serious effects' of the winning bets tax. Mr Colin Stephen, chairman of the Australian Jockey Club, who was the chief speaker, emphasised that a number of smaller clubs would be unable to carry on owing to the diminution of attendances, less revenue from customary sources, and the marked growth of starting price illegal betting. Mr Gosling replied that Cabinet was not a racing'Cabinet, yet it appreciated that Austalians liked their racing and their betting. The Premier was determined that racing should bear its full share of present day burdens. There was no escape, but if racing bodies had an alternative plan for the present method the Government would be prepared to meet representatives at a round table conference.

MR LANG’S LETTER TO LOAN COUNCIL SYDNEY, 19th January. The publication of Mr Lang’s letter to the Loan Council created a political sensation. Mr Lang refused to see pressmen to-day. It is understood he is making a, statement at the reopening of Parliament to-morrow. (Received 20th January. 9.55 a.m.) SYDNEY. This Day. The Premier, Mr Lang referring to the letter published in the “Herald” yesterday, say its does not disprove his statement that New South Wales was not appealing to the Loan Council for financial assistance. He points out that State treasury bills were no longer accepted by the banks as security for advances to States, but only Commonwealth treasury bills.