FRANCE'S DEFENCE.
v THE MILITARY LOAN.. ißy Cable—Press Association—Copyright. Paris, May 28. . a With a view to conciliating the Sociallists the Government has introduced a progressive Income Tax Bill to cover the i interest and redemption of the £4U,000,1000 military loan. Commencing in Janu- . ary, 1915,' the Government will impose a ; tax of one per cent, on incomes up to £2OOO, 2.-per cent, up to £4OOO, 3 per i cent, above £4OOO, the first £4oo'of in.come to be exempt. There is a further exemption of £4O per child under sixi . teen, or parent or grandparents over seventy dependent on the taxpayer. The total yield is estimated at £2,800,000. The Chamber voted the first year's expense of regaining time-expired solI'dietsuwiih the colors. PRESSURE'BY RUSSIA. London, May 28. "The Manchester Guardian's Paris correspondent says that the Three Years' Service Bill lias been imposed on France 'by' Russia, who practically threatened a rupture of the alliance if her demaKAs •were not. eonceded.
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Taranaki Daily News, Volume LV, Issue 316, 30 May 1913, Page 5
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159FRANCE'S DEFENCE. Taranaki Daily News, Volume LV, Issue 316, 30 May 1913, Page 5
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