DIFFICULT YEAR AHEAD.
Lighter Taxation Needed. OUTLOOK IN AUSTRALIA. By : Cable—Frees Association —Copyright. Australian and N.Z. Cable Association. (Received April 8, 11.50 p.m.) '• ■' SYDNEY, April 8. At the annual conference of Affiliated Chambers of Commerce of jNew* South Wales, in his presidential address, Mr Dunlop said it was essential that commerce and industry should be freed from the heavy taxation that was absorbing much of the money. which should be available to private enterprise for reproductive development. He advised the Government to stop borrowing, when it would be surprised how well and how Boon the State would come to a wonderful prosperity.
The Railway goods manager, addressing the Conference, said it was going to be a difficult year to malte the railways show a profit. Not only had' the 44-hour week meant a deplorable loss, but the failure of the wheat harvest, which had been first estimated at 56,000,000 bushels, and was now calculated to amount to 30,000,000, would mean a huge additional loss in trucking.
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Timaru Herald, Volume CXXIII, 9 April 1926, Page 9
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166DIFFICULT YEAR AHEAD. Timaru Herald, Volume CXXIII, 9 April 1926, Page 9
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