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FRENCH DECREES

WHAT IS EXPECTED

(Received October 27, 2 p.m.)

LONDON, October 26. The "Daily Telegraph's" Marseilles correspondent reports that M. Daladier's eagerly-awaited speech of October 27 will probably give the first clue to the decree laws. It is expected that he will announce taxation and pensions adjustments, higher prices for tobacco, which is a State monopoly, and an extension of the 45----hour week at armament factories. venue as disclosed by the figures issued oy the Customs Department, covering a period while the Treasury benches are occupied by a Labour Government, is due to any subtle machinations of vested interests for the purpose of embarrassing the Government. Neither does the frankl admission that out of the £20,000,000 odd which it is proposed to spend this year on public 'works, no less than £14,500,000 is to be borrowed money, suggest that the Government's insulation scheme is functioning quite according to plan. "The plain fact is that the taxpayers throughout the Dominion will be called upon to provide the necessary funds to meet the obligations of the State. The present basis of taxation is already causing serious embarrassment to many of those engaged in industrial undertakings in which the whole of their capital is invested; and the effect,of the recent increase in taxation has been clearly indicated by the discussions at a largely-attended meeting of business men held recently at Wellington. I "When the time comes that the taxpayer is unable to find, the necessary money, then the social security scheme will crumble as a house built upon the sand, and in that event would probably carry with it in the crash our present superannuation and pensions schemes, as well as many private superannuation schemes subsidised byj private employers, and the of the universal social security scheme j will in the meantime have seriously prejudiced the welfare of all friendly I societies and, if it remains in operation long enough, might well bring about complete disaster to them."

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/EP19381027.2.79

Bibliographic details

Evening Post, Volume CXXVI, Issue 102, 27 October 1938, Page 10

Word Count
326

FRENCH DECREES Evening Post, Volume CXXVI, Issue 102, 27 October 1938, Page 10

FRENCH DECREES Evening Post, Volume CXXVI, Issue 102, 27 October 1938, Page 10

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