Mr Stafford, in a letter to the " Colonist," thus explains his reference, in his speech at Nelson, to an Income-Tax : — " lam led to believe that the opinion recently expressed by me at Nelson in favor of an Income-Tax has been assumed by some persons to mean that I de3ired to increase the taxation of the Colony by means of auch a tax. Such an assumption is incorrect ; what I intended to imply was that a portion of the aggregate revenue might be obtained by an Income-Tax, preferably to raising it by some of the Custom duties now levied on articles of consumption. This could be secured by an enactment which provided that so soon as an lncomeTax came into operation, certain duties of Customs, mow levied, should be abolished, and certain others considerably lowered. I believe such a course to ba desirable, both on fiscal grounds, and as a question of fairness as regards the indi•jdual ratepayer."
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Southland Times, Issue 987, 17 July 1868, Page 2
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157Untitled Southland Times, Issue 987, 17 July 1868, Page 2
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