NEW SOUTH WALES PARLIAMENT

Evening Star, Issue 17955, 28 April 1922, Page 4

NEW SOUTH WALES PARLIAMENT

SUPER TAX REIMPOSEI). Press Association—By Telegraph—CopyrightAustralian and N.Z. Press Association. SYDNEY, April 27. In the Assembly Mr Cocks, in moving tho reimposition of the super tax, said that tho deficit between £5,000,000 and £6,000,000 with which the Government was faced included £1,600,000 on wheat pools, with a further contingency of £500,000. This loss was the result of the promise of a payment of 7s 6d per bushel and also over-payments. Replying to the contention that tho tax would cast an undue burden upon tho primary producers, he declared that if tho House refused to endorse the measure the £1.000,000 involved would so hamper the Government that it would be impossible to carry on. Air Cocks announced that £6,900,000 of loan monev would fall due in Londoip by October. * The Dooley Government had been negotiating for the notation ol_ aconversion loan of £5,000,000. . The Government had been advised that money would be secured at 96, but bad decided that the terms were not sufficiently favorable. Further negotiations were proceeding to secure the same terms as those recently secured by Now Zealand. Sir George Fuller declared that tho tax was essential, but ’no hoped that fins would bo tho last year it would oc necessary. , , , A fnfcilo attempt was made to reduce the tax from 6d to 3d. After a protracted debate, in which the gag ''/as applied several times, the Bill passed all its stapes. Trouble over tho (Members’ Salaries Reduction Bill arose on a proposal to make it retrospective from March 2j. Alter much caustic criticism of the measure generally Mir George Fuller undertook to make it operative from (May 1 and lo take it through all its stages at one sitting. April 28. (Received April 28, at 11.40 a.m.) In the Assembly the Salaries Bill was a(rain amended to date from July l) - ex ' ccpt in tho case of Ministers, who v-oluu-tarily agreed to a reduction of £275 per annum from March 25. Progress was reported near midnight, and the Assembly adjourned until Tuesday. The Legislative Council parsed the Super Tax Bill through all its stages.