DOMINION WAR LOAN.

Taihape Daily Times, 8 April 1918, Page 4

DOMINION WAR LOAN.

COMPULSORY SUBSCRIPTIONS. Considerable interest is being taken in the compulsory clauses of last year's Finance Act, as the impression is growing that they may soon ne brought into operation. These clauses apply only to taxpayers whose taxable incomes exceed £7OO. Such taxpayers are under obligation to subscribe to the War Loan. The compulsory is based on the clause amount paid in income tax and land tax for the year ended March 31, 1916, when taxation was on a lower basis than at present. The obligation is to subscribe to all the loans so far floated in New Zealand, including the present issue, four and a-half times the total of the subscrirer's land tax and income tax, exclusive of excess profits duty, for the "car ended March 31, 1916. The present issue completes the flotations covered by. the compulsory clauses, which may be brought into operation at any time after April 15, when subscriptions to the loan close.