TREASURY REFORM.
HAPHAZARD METHODS.
UNITED STATES BUDGET. DEFICIENCY RUNNING INTO MILLIONS. United Press Association—By Electric Telegraph Copyright. Received June'l6, 8.30 a.m. NEW YORK, June 15. The Secretary of the American Treasury proposes to introduce in to Congress in December next all the departmental appropriations in a single Budget. Hitherto the individual heads of the various Government offices have been responsible for the appropriations. The haphazard methods adopted have resulted in deficiencies amounting to between four and five millions sterling. TRADE WITH THE PHILIPPINES. Received June 16, 8.55 a.m. NEW YORK, June 15. The Democrats in Congress are strongly opposing the clauses in the Tariff Bill proposing Freetrade between the United fatates and the Philippine Islands. i
EARNINGS OF CORPORATIONS,
TAX FAVOURED BY PRESIDENT TAFT. Received June 16, 10.35 p.m. NEW YORK, June 16. President Taft favours a tax of two per cent, on the net earnings of corporations. This is estimated to bring into the Treasury 50 million dollars annually.
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Wairarapa Age, Volume XXXII, Issue 3219, 17 June 1909, Page 5
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160TREASURY REFORM. Wairarapa Age, Volume XXXII, Issue 3219, 17 June 1909, Page 5
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