A HUGE DEBIT BALANCE.
(Received March 13, 10.10 a.m,)
SYDNEY, March 13,
•. The Budget for the • last financial year closed with a debit balance of £1,167,000. ■;■.'. ': . Mr Holman admitted that it was a serious blunder dropping the Income Tax and Stamp Duties Bill. New South Wales was the most lightly tax,ed State in the 1 Commonwealth, namely, 17s 3d per head. He said he proposes to raise £35,000 by imposing charges on outgoing vessels- on the same basis as the charges on inward vessels. Companies will be taxed upon their own profits at a flat rate of Is in the £1.
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Ashburton Guardian, Ashburton Guardian, Volume XXXIII, Issue 8817, 13 March 1914
A HUGE DEBIT BALANCE. Ashburton Guardian, Volume XXXIII, Issue 8817, 13 March 1914
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