WORSE TO COME
HIGHER TAXES FOLLOW LOWER PROFITS AUSTRALIA’S BLACK HOUR United P.A.—By telegraph —Copyright Reed. 10.5 a.m. SYDNEY, Today. Business on the stock exchanges is stagnant or decidedly weak, for as balance-sheets come in it becomes more evident how profits have been depresed by unfavourable trading conditions in Australia during the past six months. Shareholders are being warned in two notable instances not to expect generous distribution in the coming year. The fear of increased taxation is the worst bugbear, but the response to the new £10,000,000 loan for the Commonwealth is most satisfactory. HIGHER TAXATION OPPOSED Reed. 10.5 a.m. PERTH, Today. The Premier, Sir James Mitchell, informed an unemployed relief committee that he was definitely opposed to any form of extra taxation for the relief of unemployment on the ground that taxation was already too high and had already contributed greatlv to the present troubles.
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Bibliographic details
Sun (Auckland), Volume IV, Issue 1011, 30 June 1930, Page 9
Word Count
147WORSE TO COME Sun (Auckland), Volume IV, Issue 1011, 30 June 1930, Page 9
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