FARM INCOME FLUCTUATIONS
Untaxed Reserves Proposed (New Zealand Press Association) HASTINGS, August 6. To lessen the financial problems which follow a bad season Hawke’s Bay fruitgrowers have suggested an approach to the Government seeking permission to operate personal emergency funds built up from untaxed income in good years. The suggestion was placed before the annual Hawke’s Bay provincial conference of the New Zealand Frutgrowers’ Federation, in Hastings, this afternoon. Mr L. M. Crawford, who succeeded in having a remit along these lines amended for presentation to the federation’s Dominion conference in -Auckland later this month, suggested that the federation be asked to compile all information on hail insurance, storm, frost, and other matters affecting fluctuations of fruitgrowers’ incomes, and present to the Government a scheme allowing growers to form a tax-free fund in good years, taxable when drawn on. If such a scheme were available for the man on the land, primary industry would not be facing the problems it was today, he said.
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Press, Volume XCVII, Issue 28658, 7 August 1958, Page 9
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164FARM INCOME FLUCTUATIONS Press, Volume XCVII, Issue 28658, 7 August 1958, Page 9
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