AUSTRALIAN POLITICS.

Taranaki Daily News, Volume LIII, Issue 153, 7 October 1910, Page 5

AUSTRALIAN POLITICS.

THE LAND TAX BILL. By Gable —Press Association —Copyright. Melbourne, October ti. In the House of Representatives; during the land tax debate, Mr. Hughes moved amendments fixing the definition of under valuation of 25 per cent, below the value fixed by the Commissieser. Under such circumstances the Commonwealth might acquire the land at the owner's valuation plus ten per cent., irrespective of whether the under valuation was intentional or not. Mr. Foster pointed out that in New Zealand, before this clause was abapdoned, it caused values to become inflated. The amendment *8 carried. TO KILL TRUSTS. A DRASTIC MEASURE. Received' 7, 0.10 a.m. Melbourne, October*®. In the House of Representatives a Bill to amend the Anti-Trust Act was read a first time. It contains drastic penalties and l provides a penalty of £SOO against any attempt to control trade, with an additional £SOO per day for each day such attempt is continued; Hso a penalty of £SOO per day or a month's imprisonment, or both, against any attempt to control prices. The penalty in case of a corporation is fixed at £IOOO for each day during which the offence continues. The land tax debate has been resumed.