COMPULSORY LOAN
CONTRIBUTIONS FOR WAR PARTICULARS NEXT WEEK INCOME TAX LIKELY BASIS (By Telegraph.—Press Association) WELLINGTON, Saturday Particulars of the compulsory war loan, warning of which was given last June, will be announced next week, said the Minister of Finance, the Hon. W. Nash. The loan is authorised under the Finance Emergency Regulations No. 2, which give the Minister power to call a compulsory loan, with right of appeal, to be used to obtain contributions to a war purposes loan. Although tl/j Minister did not indicate this morning the nature of the loan, it believed it will follow on the lines of a similar levy introduced during the last war, in which contributions were based on income tax payments.
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Waikato Times, Volume 127, Issue 21224, 21 September 1940, Page 10
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119COMPULSORY LOAN Waikato Times, Volume 127, Issue 21224, 21 September 1940, Page 10
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