N.S.W. FINANCE.

Waikato Times, Volume 107, Issue 17979, 26 March 1930, Page 5

N.S.W. FINANCE.

ALL SALARIES PRUNED SMALLER PAY LONGER HOURSTAX ATI ON OF WAGES. United Press Assn.—Klee. Tel.—Copyright (Received March 20, 12.15 p-m.j SYDNEY, March 26. A 'definite announcement is nowpossible that the Stale Cabinet will introduce a short measure (ids session providing that all members of the Public Service shall have their salaries reduced 10 per cent and shall also work longer hours weekly. Judges are included in the scheme, which ' it is estimated will save £1,000,000 per annum. It is also proposed that there shall be no annual increases, in salaries or new appointments. A bill to introduce a general 48 hour week will also be brought down. It will provide that employers desiring that their employees should work longer hours need not apply for the Court’s permission. The Government’s proposals include the imposition of stamp duty and a tax on wages similar to the scheme about lo be considered by the Victorian Parliament. It wilt provide for a levy of id per £1 on wages up to £l2 weekly; a flat rate 'of Is 6d weekly on wages over £l2 and up to £IOOO per annum and 2s weekly on each £IOOO for salaries over I'iQUtf per annum.

DWINDLED DOWN. COMMISSIONER CLEARY’S SALARYTAXED ON £SOOO, RECEIVES £IOOO. United Press Assn.—Elec. Tel. — Copyright (Received March 20, 11.30 a.m.) SYDNEY, March 25. The Chief Railway Commissionei (Mr Cleary's salary, which was fixed at £SOOO on his appointment will amount to only £IOOO. He had foregone half owing to financial depression: £2OOO of this being devoted to distress among raiiwaymen’s families and £SOO lias been returned to the Treasury. He will he assessed for income purposes on £SOOO, the lax amounting lo £ISOO, leaving a nei income of £IOOO.