LIKELY DEVELOPMENT WAR EXPENDITURE ASPECT Parliamentary Reporter. WELLINGTON, this day. Even if news is received some time to-day or overnight that Japan has surrendered, indications are that the House of Representatives will meet at 7.30 to-morrow night. By resolution of the House on Friday proceedings stand adjourned until that time and, constitutionally, members are required to assemble in accordance with that decision.
Another question that is creating interest in Parliamentary circles is whether, in view of the latest developments, the Minister of Finance, Mr. Nash, is likely to revise the Budget which he presented last Thursday night, particularly in the direction of allowing some relief from present taxation. The first reaction of most people, 'doubtless, is that if the war is over there is no further need for huge expenditure on the war. Mr. Nash's Budget, while recording a substantial' reduction on the" estimated expenditure for the war in. the current year compared with last year, still provides for no less a sum for war than £105,400,000. The question at once arises whether this amount can be cut at all.
It appears likely that Mr. Nash will review his figures, and while he may be able to make some reductions, the indications are that they are not likely to be substantial for a number of reasons.
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BUDGET REVIEW, Auckland Star, Volume LXXVI, Issue 190, 13 August 1945
BUDGET REVIEW Auckland Star, Volume LXXVI, Issue 190, 13 August 1945
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