BRITAIN'S TAX BURDEN.
HEAVIEST IN WORLD. IjONDOX. January 27. -||„. pressure of tax-s. which is heavier her- than in any other country in the world, is too great for our trade to bear" said Mr. Reginald Mc/kenna chairman of the London Joint City and Midland Bank, and former Chancellor of the Exchequer, in a speech at a meetins of tie bank shareholders. ■■Every shilling that can be saved now from national expenditure and devoted to the relief of taxation will come back _ n revenue Ln future years in larger receipts from more prosperous industry." Declaring that sterling would soon stand at the full gold value, Mr. Mel\enna said this would have a good moral effect, as the fear of being again forced off the gold would be a salutary check on cxtravagence.
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Auckland Star, Volume LVI, Issue 30, 5 February 1925, Page 5
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131BRITAIN'S TAX BURDEN. Auckland Star, Volume LVI, Issue 30, 5 February 1925, Page 5
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