WAR PROFITS
AUSTRALIAN 4 PER CENT POLICY A DROPPED BY THE FEDERAL GOVERNMENT. SCHEME “ADMINISTRATIVELY IMPOSSIBLE.” (By Telegraph—Press Association—Copyright) (Received This Day. 10.40 a.m.) CANBERRA, This Day. “The Ministry will drop the proposal to limit profits to. 4 . per cent,” said a Government spokesman today. The full Cabinet would be asked to approve the decision on Monday, and it was inevitable that it would be accepted. The Government was now certain that the scheme was administratively impossible. “We are quite convinced,” said the spokesman, “that there is no way in which we can establish a profit limit that will give just treatment to all parties involved. Even if the Government were to go to the country on the scheme and receive a mandate for it, it would still be .impossible to devise legislation that could be regarded as equitable.” The spokesman hinted that the Government would investigate other ways and means ef dealing with war time profits.
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Wairarapa Times-Age, 1 August 1942, Page 2
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157WAR PROFITS Wairarapa Times-Age, 1 August 1942, Page 2
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