Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image

PRODUCTION & TAXES

<> THE OUTLOOK IN BRITAIN COMMENT ON BEAVERBROOK’S TASK. MIXED FEELINGS IN CITY. (By Telegraph—Press Association —Copyright) (Received This Day, 12.40 p.m.) LONDON, February 6. City industrial circles view Lord Beaverbrook’s appointment as Minister of Wai’ Production with mixed feelings. “Statist,” voicing the more conservative City opinion, believes that Lord Beaverbrook will be a first-class poacher converted into a good gamekeeper. The '‘Economist” praises Lord Beaverbrook’s determination and energy, but suggests that Captain O. Lyttelton would have been a better choice. Many industrialists do not expect Lord Beaverbrook to realise expectations in the absence of a comprehensive plan for the decentralisation of production and a reform of income tax collection. At the beginning of January, three million workers for the first time became liable for income tax, the assessments being based on their earnings for the first half of the fiscal year, and because many are engaged on seasonal trades, workers’ earnings at their lowest have to meet the tax at its highest incidence. This is having a damaging effect on production morale. The “Financial News” suggests that the Minister of War Production should be able to override the Treasury in this matter.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WAITA19420207.2.50

Bibliographic details
Ngā taipitopito pukapuka

Wairarapa Times-Age, 7 February 1942, Page 4

Word count
Tapeke kupu
194

PRODUCTION & TAXES Wairarapa Times-Age, 7 February 1942, Page 4

PRODUCTION & TAXES Wairarapa Times-Age, 7 February 1942, Page 4

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert