LAND TAX RELIEF

Press, Volume LVII, Issue 17293, 3 November 1921, Page 7

LAND TAX RELIEF

DEFERRED payments. acceptance OF BILLS ÜBGED. (SPECIAL TO "THE PRESS.") WELLINGTON, November 2. fi«.kine ft ■certain amount of relief for the payers of land tax, Mr W. D. Lvsnar asked the Prime Miniver, m '< House of Representatives to-day, it was n ot a fact that when the income tax was las* due, the Commissioners accepted promissory notes in lieu of wsh from some taxpayers for a portion of the am° unt due - He asked wheth£r ° t woU ld not be possible to mako some, c.irh arrangemnnt in connexion with oavment of land tax. November 1 ...a very awkward month for t'he <■ \>rmers and if some little time was '' Xwed'them to get their wool in and tn receive some payment far their butter fat it would help them very much. Mr s: 'id that he believed that «.fcen the land tax was last being col, I 'he believed also the income , th© Commissioners accepted promissory notes, the bills being duly honoured awl returning interest, but a change ta ' <en P^ ace s,nce t * ie ' l. Promissory notes were not much use to the Department unless the banks were able to discount them. Mr Lysnar: Get the Bank of Aew Zealand to discount them; it is tfhe Government bank- • Jfr Massey: "There is a limit to the> advanoes the bank can make, and that is a point I am not certain about." The record of advances the Bank of New Zealand made in the past six months showed it to have been an enormous amount. He coiild only say, in effect, what ho had said the previous day: that the Government would not inflict hardship on anybody if it could be helped. He had indicated that by tihe introduction of the Bill then discussed, it was hoped to make things a littlei easier for those whoso profits for the iiMt six months had I teen verjt small. Ho could not state definitely tiliat the Department would accept promissory notes from every individual who was unaMe to pay his tax, but the Department and the Government would do the beat they could.