House of Representatives.

Waikato Times, Volume X, Issue 810, 25 August 1877, Page 2

House of Representatives.

WbixWton, Wednesday. - -.*, » Wbllinghoit, Thursday. INCIDENCE OF TAXATION. In the afternoon sitting to day, the taxation debate was resumed, Mr Fyke's amendment was agreed to. Mr KEADEJR WOOD thought that both sides of the House had gone mid regsrdiug taxation. No one had anj facts tj go pd. Our fiuance was m a penniless condition, and something must be done to place affairs on a sound, stable basis, but neither party were ablo to do it. The Land Fund should be made colonial revenue, and he would move as an amendment, " That m the opinion of the House, owing to the necessity there was last year of meeting part of the ordinary expenditure of the country by by the isaue of Treasury bills, and the fact that by . he Treasurer's statement the receipts and expenditure cmaot be equalised with the Appropriation Act, the Land Fund should at once be made part of the ordinary revenue, and appro • priated by the House." Mr Wood then at great length criticised the Financial and Public Works Statements; He said he movsd the amendment entirely on his own aesponsibiiity, without any consultation or parky object. The iSPEAKUJfi ruled the words of the amendment irrelevant. Major AAtkioson's motion, with Mr Pyke's and Sir Q- Grey's amendments were agreed to' Mr WOOD then moved his amendment as a bubstantive motion. The debate was adjourned till tonight.