DE-RATING.
A SSISTANCE TO FARMERS BY COALITION GOVERNMENT.
Substantial relief trill be granted to rural ratepayers as a result of the Government’s decision to make grants to county councils out of the Main Highways Revenue Fund as a subsidy on rates. The subsidv to be madewill he at the rate of 2/6 in the pound on the average annual amount of rates collected by the local bodies during the three*years ended March 31. 3930, and means a total sum involved o. £250,000. . - Tbe grant will he applied in making refunds to ratepayers at the rate of 12i per cent, of the amount payable in respect of rates levied for the financial year ended March 31, 1932. Grants also- apply _to road board districts entirely within the boundaries of a county. This is a step towards the lifting of the burden from our producers that the Coalition Government intends as part of its policy towards restoring financial stability and confidence. (L. 4.)
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19311121.2.7
Bibliographic details
Gisborne Times, Volume LXXII, Issue 11493, 21 November 1931, Page 2
Word Count
161DE-RATING. Gisborne Times, Volume LXXII, Issue 11493, 21 November 1931, Page 2
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.