UNITED STATES.

Taranaki Daily News, 11 May 1917, Page 5

UNITED STATES.

HUGE EXPENDITUMJ, || ■{ New Yorlf, MayM? I The New York Times WashijHbi ■, be asked to appropriate a billion dfflfo t? «9l»Btr»H«s a merchant fleet to ftprt Tho Shipping Board's whole -So-grjwwe-ooijteaulatej fr-tawMP offk ' wmiJif "ftftii. ''Tver/Steer'am willSa utifcd ami Government and prifKe contracts cancclteaV" ' M The winterwheat nogs are estisbjbd. at 266 million bushels', "th« poorcsflw thirteen years. Unless consumpMftPli Miwedit&W U JW« likely. *o be «aj> exported. . if The Dopartnwnt, of..A«lwltBI» AH announced" »*(►• 4ht rinkt - wheaf' f| discouraging and it is hoped the HJ&g crop will make the production nafSX as there is a greatly increased aajreaga? The Liborty Loan subiwirtleMlini 800 doUftF- X ;

THE FRENCH EMISSARHfc V GKSfJ&RAL JOFFRJN3 MOVIMJIJftfc ■ Washington, Jfcy;-i General Joffre and M. Vivlanl wjUlf. ■ i rive in New York to-day: Uenwal iMw - will be presented with a gold UUStMMft' ' of the Statue of Liberty. T5" ' ~...'" i mi ■* ..2 ■ WAR TAXATION, ~........ all-round i&m>:„^ ,' Washington, Ma7"V>| :• The proponed wa? taxes, as drafted W'' the House Committee, 1010089 SB iaoodt'. tax On unmarried men with ttUOBW K £2OO and upwards, and on married jnX with £4OO and upwards, In ftdditiy there is a super-tav of S3 per eoni a all incomes exceeding £IOO,OOO. g The taxes 'on whisky; wine, chnrettgt and tobacco are doubled, and tt» il> hefitaflce tax is increased on*-l!bJrfl' r | The income tax hM been tfBhJML" M, comes of £IOOO pay £l6; on £M,of> incomes the tax is £2400; and on £fM > 000 the tax amounts to £300,000, TJ * profits tax is doubled, and includes farad • portation, insurance and amusement!. The Bill is designed to raia* 1600 JRI• lion dollars, , I It is expected that the Liberty Lefk bonds will be redeemable at tnt sove«' I raent's option in 15 years, and that if" demption will be due in SO yea«. There \ is a small first deposit, and tha b»l*nb« . is payable in instalments. The ititfllfliujo denomination of the bonds is 100 dollfliie, and the maximum 100,000 dollars. The Senate adopted a clause empow- ' ering the President to place with tho object of forcing a •osptnslen ■ of trade with Germany, ' •' " Tho War Revenue BUI taxea &» free list 10 per cent., and adds 10 per, cent to the existing tariff.