GRADUATED LAND TAXATION
NEW PROPOSALS IX VICTORIA. FOLLOWING NEW ZEALAND'S LEAD. By Cable—Press Association.—Copyright Melbourne, .September 1. la the Assembly the Treasurer introduced the land taxation proposals .o provide for levying a. tax of a halfpenny in the pound on 'the estates of persons whtose unimproved value ra,ii«es from f.IOO to €-2300, three-farthings "no to £6OOO, a penny up to £IO,OOO, twopence in the pound where the vain:' is €50,000, mid threepence in estates above. £BO,OOO. The Treasurer, in moving the second reading, said the main objects of the Bill were:— (1) The extension of agricultural settlcmleut. (2) To meet the expected shortage of Customs returns from the Commonwealth.
Tt is proposed to break up large estates l, v „ steady decrease. The reason for n.n exemption up to £SOO was conditioned r oy a desire to sec closer se'ttls-
At present there «-ere 403 estate in ™!™ rMI ' ,i V' u ( ." vor t ' 3;i -nno ™ capital f "''lf 1 *t, £7,153,000. Owin s to C.ovemimcnt found a difllculty in help, fflfi people, and during the past twenh*wii years had lost over £12,000 An «<■«* of emotion over immigration ,1318,00 ft annunlly, imchidino- the
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Taranaki Daily News, Volume LII, Issue 179, 2 September 1909, Page 2
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191GRADUATED LAND TAXATION Taranaki Daily News, Volume LII, Issue 179, 2 September 1909, Page 2
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