POLITICS IN VICTORIA.
PREPARATIONS FOR ELECTION. MELBOURNE, March 8. The Premier, Mr. Allan, in a policy speech for the forthcoming elections, said that if the 'Commonwealth Governmen proceeded with its proposal to abolish per capita payments the finances of the State would be in a chaotic condition this year. Capitation payments to Victoria amounted to £2,144,000, and there would be great difficulty in making up this amount in direct taxation. To meet the deficit it was proposed to procfeed with a betting tax which--would yield 14 per cent, on the turnover of each bookmaker.
The revenue from the new system would result in an increase of £417,000. Consideration was also being given to the provision of sinking funds to liquidate soldier settlement loans which now amounted to £24,000,000. The immigration scheme would be proceeded with, and a dairy college, estimated to cost £30,000, w’ould be established.— (P.A.)
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Wairarapa Age, 9 March 1927, Page 6
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147POLITICS IN VICTORIA. Wairarapa Age, 9 March 1927, Page 6
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