RETROSPECT EFFECT
Some speculation is being indulged in in Public Service circles, and amongst others who are aflleetcd by the 10 per cent, cut in wages and salaries, as to the effect if tho Finance Bill is not passed by Ist April, the date on which the Bill provides for the reduction to come into operation. It is now apparent that the measure will not be passed by the date mentioned.
The Bill is quite clear in stating that the reduction shall operate "as from the_ first day of April, 1931," which is plainly a retrospective provision. The wording of Mr. Massey's Public Expenditure Adjustment Act, of 1922, when he made the first post-war cut, was in exactly the same terms, and, although his Bill did not receive the assent of the Governor-General until 30th January, the reduction in salaries had effect. as from the beginning of the same month.
In the present case any payments which may bo made between Ist April and the date the legislation is passed will be adjusted subsequently.
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Bibliographic details
Evening Post, Volume CXI, Issue 75, 30 March 1931, Page 10
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174RETROSPECT EFFECT Evening Post, Volume CXI, Issue 75, 30 March 1931, Page 10
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