HIGHWAYS FUNDS
ALLOCATION TO LOCAL BODIES REDUCTION SOUGHT IN BILL THE SUN'S Parliamentary Reporter j PARLIAAIENT BLDGS, Friday. ! Not mentioned by the Alinister «>f t Lands, the Hon. E. A. Ransom, in his j explanation of the provisions of the j Fia**••»«•* Bill, in the House this evening j was an interesting point relating to the allocation of the net revenue from the petrol-tax. The amount devoted to j city and borough councils for work on i main highways within their boundaries j has been, according to clause 38 of the • bill, reduced by 2i per cent. The clause alters the provision under the Alotor Spirits Taxation Act, 1927. j wherein it is provided that after the deduction of administrative costs, the net petrol-tax revenue shall be apportioned giving 92 per cent to the Revenue Fund of the Alain Highways Account and the balance to boroughs of a population of 6,000 and upward in proportion to their size and population for expenditure on main highways within the borough boundaries. The new provision in the Finance Bill seeks to alter the amount paid to tho Main Highways Revenue Fund to 94-1 per cent., reducing the balance payable to cities and boroughs by 2S per
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Bibliographic details
Sun (Auckland), Volume IV, Issue 1052, 16 August 1930, Page 6
Word Count
203HIGHWAYS FUNDS Sun (Auckland), Volume IV, Issue 1052, 16 August 1930, Page 6
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