AUSTRALIA'S FINANCE.

Ashburton Guardian, Volume 50, Issue 130, 14 March 1930, Page 5

AUSTRALIA'S FINANCE.

LAND TAXATION ASSESSMENT. GOLF COURSES INCLUDED. (United Press Association— Copyright.) (Received This Day, 10.10 a.m.) CANBERRA, This Day. Several alterations .in the assessment for land taxation are proposed by a Bill introduced in the House of Representatives. One effect will be to render golf courses liable to land taxation. Previously sports grounds, but not racecourses, have been exempt.

AEROPLANE MAIL SUBSIDIES.

HEAVY COST NOT JUSTIFIED. CANBERRA, March 13. The Auditor-General, in his report, discloses the fact that the cost of carrying letters by the aeroplane services operating in various parts of Australia was very heavy. The subsidy paid by the Government on one service represented £4 per letter, the subsidy to another 10s; still another was 2s per letter. He claimed that the cost was not justified. The Federal Government has decided to discontinue the' subsidy of £28,000 a year to the Larkin Aircraft Supply, Ltd., for air mail services between Melbourne and Hay, Adelaide and Cootamundra, Mildura and Broken Hill, on the grounds mentioned in the Auditor-General's report. Subsidies to the Queensland and Western Australian air services are to be continued. Captain Larkin, managing director, stated that his company would probably have to wind up, dismissing 100 employees and closing down their large aircraft works.