TAX BURDEN

Ashburton Guardian, Volume 59, Issue 20, 3 November 1938, Page 5

TAX BURDEN

THE IMPOST ON COMPANIES. - **• '■ ,5 ". CHAMBERS OF COMMERCE VIEWS EXPENDITURE ON TURLfC , WORKS. ,';Y ■ ; - -, n: j/. (Per Press Association.) * • AUCKLAND, This DiayT ■' In opening the annual conference or the Associated Chambers of Oommert*;: the Mayor (Sir Ernest Davis) expressed surprise at the reports that capital is leaving New Zealand. He said that patriotism was best reflected in consistent protection of the land- we love and desire to serve. The Government of the day was entitled to receive from every section the co-operation and goodwill essential for successful administration of the country. -

Mr A. G.Jkunn (Auckland), in Ins presidential address, said that- the Associated Chambers refrained from political partisanship. He said: the company tax feft* Social Security must have a most sey.ions effect on joint stock .enterprises. •He urged that New Zealand adopt thie system of scheduling public works and withholding ribiiemergency works in time® of prosperity and operating them as employment •became worse. He urged the Government to restore confidence by ceasing, to interfere and compete with the businesses of the country, reducing the taxation, burden and realising w*is impossible to maintain the' social services at the same rates during times of depression. . , . ;.i‘