OVERSUBSCRIBED

Grey River Argus, 19 December 1930, Page 5

OVERSUBSCRIBED

FEDERAL LOAN By Two Millions ; (Au>. and N.Z. Cable Assn.) 1 (Received Dec 'tub-cr 18 at 9. p.m ,} CANBERRA, December 18. Horn .Air. I.Vuton (Actin,.- prime j Minister), has announced that the •ca-h. subserptiom, to the twntyi'! gilt million Federal conversion loan > has already amounted to £17.173,790, and the conversion has amounted to : £1 1,393,440, which he described as '‘‘a wonderful achievement, consider- , ing that th-.- loan has.been open only tor four weeks.’’ Air. Fenton anticipated that the lean w/11 be oversubscribed by two : million sterling. “TIAIES COAIPLIAIENTA.RY • (Aus. and N.Z. Cable Assn.) LONDON. December 17. “The Times’’ says: The success of that loan shows that Australian people have faith in the future, and do not believe in the danger of repudiation, .or even inflation. The result should make Air. Scullin’s position less difficult, and also ■ ncourage those other sturdy figures, the Labour Premiers of Victoria and South Australia CANBERRA. December 18. The annual report of the Common- | wealth Commissioner for Taxation states that the sales tax collections for the past three months amounted to ' £1,068,000. 1 The number of income tax payers in the Commonwealth is 257,939 with taxable incomes amounting to 119 millions. jThe amount cf tax paid was £6,219,000. , In addition to 7,765 absentees were 'assessed for tax amounting to £225,116. j There were eight thousand five hundred companies of almost sixty millions sterling for tax amounting to two and ithree-quarter millions.