Property Tax on Bank Deposits.
The Premier' mfoims Mr Tumbull that the rropevby Tax Department has no check against* sums lying to the credit of depositors in varioub banks, which are stated at five millions. Mr Tnrnbull asserts that tlji-s fact re]>roseut3 a loss of £20,000 per annum to the i-e venue, but the Premier ridicules this estimate on the ground that a largo number of these depositors do not possess property exceeding' in valuo the £500
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Te Aroha News, Volume V, Issue 227, 5 November 1887, Page 8
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77Property Tax on Bank Deposits. Te Aroha News, Volume V, Issue 227, 5 November 1887, Page 8
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