FUNDS FOR DEFENCE
CAPITAL LEVY URGED PREMIUM ON INSURANCE (Parliamentary Reporter.) WELLINGTON, this day. Disappointment was expressed in the House of Representatives by Mr. W. J. Lyon (Lab., Waitemata) that the Government had not made an attempt to raise money for defence purposes by means of a levy on unimproved land values. Defence, he urged, was essentially to defend property. If its owners considered it necessary to insure against fire, or accident, surely they would not object to paying insurance against some raider coming along to damage it. A capital levy of one half per cent on the Dominian’s land would produce, on the basis of unimproved values, £1,500,000- „ , The Rt. Hon. J. G. Coates (Nat., Kaipara): Is that the objective of the Labour Party? Mr. Lyon: People with most at stake Should make the biggest contribution. Mr. Coates: You cannot kill property, but you can kill lives. Mr. Lyon added that if a graduated tax were levied on individuals earning from £2OO per annum upwards, the Government could still get its £1,500,000. Such a course was not unreasonable.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20018, 17 August 1939, Page 5
Word Count
179FUNDS FOR DEFENCE Gisborne Herald, Volume LXVI, Issue 20018, 17 August 1939, Page 5
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