GOLD EXPORT TAX.
In his defence of the gold "export tax % Prime Minister, Mr. Forbes, shows that M. does not understand the subject. He taua in terms, on the one hand, of the value of line koH and on the other of export taxation on 20 carat gold. The value of 20 carat.gold in Xew Zealand currency to-day is not ±8 Wγ as stated, but £7 7/2. The gold producers in the Xorth Island would receive per 20 carat ounce the sum of £15 14/7 after paying tan- i tion What the Prime Minister seems to o»e ei"ht of id the fact that gold mining investors in England have the whole world to choose' from and those of Australia have a vast licia also. How can he expect our gold mimn e industry to prosper when he places it at » disadvantage by heavy taxation? It would not be so bad if only profits were taxed. Aew Zealand will never receive any great attcntiou to the gold mining industry until ite status is raised to a level which will enable it.to compete in the world's financial m » \
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Bibliographic details
Auckland Star, Volume LXVI, Issue 275, 20 November 1935, Page 6
Word Count
186
GOLD EXPORT TAX.
Auckland Star, Volume LXVI, Issue 275, 20 November 1935, Page 6
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