PLEDGING WEALTH
TIME-PAYMENT SYSTEM INCREASE IN AUSTRALIA By Cable. —Press Association.—Copyright SYDNEY, Tuesday. In dealing with the high rate of taxation and the recurrent surpluses over his estimates the Federal Treasurer, Dr. Earle Page, said the development of the time-payment system in Australia was proceeding at an alarming rate. The result was that the prospective wealth of the community was being pledged for goods, many of them foreign, at a rate which could not be forecasted.
This had resulted in the ever-increas-ing import of such luxuries as motorcars, musical instruments and similar goods.—A. and N.Z.
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Sun (Auckland), Volume 1, Issue 47, 18 May 1927, Page 9
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95PLEDGING WEALTH Sun (Auckland), Volume 1, Issue 47, 18 May 1927, Page 9
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