SOUTH AFRICAN FINANCE.
DEFICIT OF £2,70a,000. INCREASING THE TAXES. . (Received 9.50 &.m.) CAPETOWN, March 19. The Minister of Finance, Mr. J. C. Smuts, has submitted his budget to the House. It provides a special war-tax to produce £500,000, which will be levied upon the mines. The expenditure for the year was £11,406,000. A deficit of £2,702,000 will be met by an increase of Customs and Excise duties, reducing the exemption limit of the income tax to £300, and increasing the scale of the tax.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19150320.2.19.2
Bibliographic details
Auckland Star, Volume XLVI, Issue 68, 20 March 1915, Page 6
Word Count
84SOUTH AFRICAN FINANCE. Auckland Star, Volume XLVI, Issue 68, 20 March 1915, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.