AN EXTRAORDINARY TASK.
After referring to the proposals in regard to the issue of bank notes, and the provision of the necessary,. reserii<is, as explained in the Bill, Sir Joseph emphasised the necessity for making everything safe for the country, and remarked that at. the present moment the people were faced with an extraordinary task, and, no matter when the end of the war might be, wo would be very unwise to take any risks.
A further provision was to enable trustftea to invest money entrusted to them in the. War Loan free of stamp duty, and put them in the same position of helping the country as if the testa.tor had been alive. H© thought members would realise that a good deal of money would be obtained in this way. As he had already explained, there could be no trafficking in death duty stock, and it was to be limited to £1,000,000. When the loan had been raised, it would be possible to consider what was death duty stock and ordinary stock.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19170829.2.15.6
Bibliographic details
Evening Post, Volume XCIV, Issue 51, 29 August 1917, Page 3
Word Count
173AN EXTRAORDINARY TASK. Evening Post, Volume XCIV, Issue 51, 29 August 1917, Page 3
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in