LIMIT ON PROFITS
PROPOSED IN UNITED STATES. TREASURY EXPECTS DRAFTING BILL. (By Telegraph—Press Association—Copyright) (Received This Day, at Noon.) WASHINGTON, September 25. The Secretary of the Treasury, Mr H. Morgenthau, in a statement, to the Press, announced today that Treasury experts were drafting a Eill limiting corporation profits to 6 per cent. He said: “We are going to make it as fair as possible, but of course somebody is going to get hurt. We cannot continue to live as we are and be the arsenal of democracy. We ought to remove the profit motive from war or national defence.” Asked whether industry would cooperate under the profit limitation plan, Mr Morgenthau replied in the affirmative, saying: “I have sufficient confidence in industry. They are as patriotic as anyone else.”
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19410926.2.48
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 26 September 1941, Page 6
Word count
Tapeke kupu
129LIMIT ON PROFITS Wairarapa Times-Age, 26 September 1941, Page 6
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. 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