AUSTRALIAN POLITICS.
TAXATIONAXI) LOAN'S. THE NKKD Fill! MONEY. By Cable—Press Association—Copyright. Melbourne, July lid. The Cabinet is still considering war taxation. It is stated there will lie a tax on incomes from personal exertion ranging from :id to os in the £; on income from property the tax will raii'_'o from 10d to os. The tax is estimated to yield £4,000,0(10. In the Senate. Mr. Bakhap said Australia and America had vast interests in the Pacific, and urged a peace alliance. Mr. Lynch, advocated cultivating lie closest trade and other relations, for they might need America's assistance in the hour of trouble which might come. A promise was given to bring before til" treasurer a suggestion to approach the American money market for an Australian loan for other than war purposes. Perth, July :10. Parliament has opened. The (Sowrr.or's speech gave a warning that iiie country could not rely on the former assistance of the Knglish money market, and must rely chiefly on local resomv•■•*.
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Taranaki Daily News, 31 July 1915, Page 2
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164AUSTRALIAN POLITICS. Taranaki Daily News, 31 July 1915, Page 2
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