LOAN AND LOWER TAXES
MOTE BY 'OPPOSITION
A REMEDIAL POLICY
United Press Association—By Electric Telegraph—Copyrights (Received 26th January, 10.30 a.m.) SYDNEY, This Day. Important proposals in the Nationalists', financial policy have been made known by Mr. H. S. GullHt, De-puty-Leader of the Opposition, with the full concurrence of Mr. Latham, Leader of the Opposition in the Federal Parliament. He suggests (that the Commonwealth expenditure should be reduced at the rate of £5,000,000 in the present financial year, that there should be an internal Australian loan of £10,000,000 for public works and rural relief, also the transfer of a large amount of credit from London to Australia, and a temporary reduction of taxation by about £10,000,000 by the funding in London of part of Australia's overseas interest payments for five years. Mr. Gullett claims that this plan would have a tremendous influence on the bondholders.
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https://paperspast.natlib.govt.nz/newspapers/EP19310126.2.49.1
Bibliographic details
Evening Post, Volume CXI, Issue 21, 26 January 1931, Page 9
Word Count
144LOAN AND LOWER TAXES Evening Post, Volume CXI, Issue 21, 26 January 1931, Page 9
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