A GIFT TAXED.

Press, Volume LXI, Issue 18461, 15 August 1925, Page 12

A GIFT TAXED.

WOOL-GROWERS TO 1 BRITISH SEAMEN. REQUEST FOR REFUND. ~ ' I (sficxm. TO "toi r*ts3.") WELLINGTON. AnEu»t It Though saac 27C0 shipowners i»| . parts of New Zealand decided in M to recognise the services of the oMn j and iron of the Royal Navy cantilo marine to New Zealand m , duce sby cioatinu the AcknowteWof Debt to British Seamen F*ri *• C.ovcrnment demanded nK^a*rt, x all t-Ue uun'oy ttiat they } Tho fund was created ou; of profits made on the resale of New L laiiu uojl i,y the inn*-nal UovsraJS hair ol which were distributed to «i woolsroweis of ihe Dominion. \fy it becanvD apnarvnt that these nrf would be realised, the >fcees£2 [ signed authorities tor meir iuahiS > shaves to bo paid oxer to trotS ar.vt tor the funds to Iv applied far* " relief of sailors of the i.i\v of M cantilo marine suffering from !. or illness as tho result of s*t2 [' or for the dependents of men "toqIL Ihe sum paid over out of the wool profits totalled i-Jll.TUl. Department's Bapacitj. iU Tho Land and Income Tax meux then notified tiio had sigued away their iadnijS| shares of tho accrued surplus, tfßf these profits must be shoan ib annual income tax returns am) paid upon them. Tlnj tru»te« of tut.d wore appealed to, and. that it «;h givssly unfair thai 2fl| sncepfarmors lo railed to pay income tax on aiuo'imsiS they had never received. legal advice, and under a sum anmoximating £30,000 ifai bo paid by the Government Omh mint distributing the woci the Land and Income Tax 'lliis was done, p.nd the Inctw ] Department received aa|| balance of £176,793 went to Want £35,000 Back. Now the trustees have potitnai Parliament that provision staati 1 made in the Finance Bill for a of this money. „ In addition, the h=.v« asked to pay the sum of per annum from March, 1954, Flock House pn:pertv. siiefc |fc* acquired to train soeeiaQj- hIhH ' children of British saOars to tana t farmers. In this regard titer ak the Land and Income Tax amended to provide that tltclr should be free from tuitiat.