CANADA.
THE CANADIAN BUDGET. * TEN MILLION SURPLUS. Received May 1, 10.30 pjn. Ottawa, April 30. Introducing the budget, Mr.. MaeLean, acting-Minister, said Canada's revenue m fifty-two million sterling, being an increase of five million over the previous year. The excess of income over expenditure gave ten million sterling towards the war expenditure. A new loan would be floated later in the year to cover the additional war cost and the maintenance of the land and sea forces, wkfcft were sow costing seventy million ■terifqg yearly. CONSCRIPTING WEALTHReceived May 1, 12.26 ajn. Ottawa, April 30. The Budget provides a tax on Hie Ouiarfian Jfturiflc Railway amounting to fourteen millions sterling, an increase in tk* business profits war tax, a large augmentation in income tax, reducing tiie incomes tisMe for income tax rfagie persons to two hundred sterling ad trf married to four bnadred sterling. Higher supertaxes on all incomes are prowled. Mr. Maclean pointed out that A* Government wu strictly conscripting wealth.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19180502.2.23.4
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 2 May 1918, Page 5
Word count
Tapeke kupu
161CANADA. Taranaki Daily News, 2 May 1918, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in