WAR LOAM FOR WORKERS.
ADDITIONAL TAXATION RECOMMENDED. LONDON", January 30. The committee's report on the -war loan tchema for workers provides that eveiy tieposit of 15s 6d, or accumulation of tavirgs reaching that sum, shall entit.e the •uoscriber to receive £1 a.t the end of five j-ears, or a pro rata amount for a lesser fieriod. The committee report against increasing the interest on savings bank 'deposits, and against forced loans by deductions fr<itn incomes, but recommend the iDrganisation on an extensive scale of voluntary saving associations, and the adoption of an instalment scheme facilitating the lodgment of small amounts until they reach 15s fid either through, the savings banks or by cards with spaces for sixjenny stamps. The committee also suggest drastic taxation calculated to curtail unnecessary expenditure, and also that a greater proportion of the cost of the war be raissd by additional taxation, particularly from the wealthier portion of the community. They recommend war savings by associations, and devices for schemes to encourage thrift, but d.> not recommend lottery bonds, fearing the objection of a large 'section on the ground that the element of *hance is involved.
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Evening Star, Issue 16026, 1 February 1916, Page 3
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190WAR LOAM FOR WORKERS. Evening Star, Issue 16026, 1 February 1916, Page 3
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