SESSION’S LAST WEEK

Grey River Argus, 2 May 1932, Page 6

SESSION’S LAST WEEK

REMAINING BILLS Income Tax Innovation (rt‘r I’rpsv Association) WELLINGTON, April 30. An indication of the concluding legislation of the session was given this afternoon by the Prime Minister, who announced that in addition to other measures, it was proposed to submit the annual taxing bill to the House •text week. Mr Forbes said that the measure would reimpose all the existing rates of income taxation, including the surtax passed last session, and that there would be no increase in the rite or any interference with the statutory or other exemptions. INCOME TAX BY INSTALMENTS. He also intimated that a clause in the Finance Bill, also to be introduced next week, will inaugurate the prac tire of the payment of income tax on the instalment basis. It was done in Great Britain. “By fixing the; rate of taxation now,” the Prime Minister added, “ ; t will be possible to issue the assessments much earlier than has usually been the case, and enable the scheme of payment to be spread over a longer period. ’ ’

Tn reply to a question, Mr Forbes said that the promised legislation dealing with the State Advances mortgagors would bo in the direction of giving the Superintendent of the State Advances Office wider powers in relation to giving remissions and rebates. LIFE OF PARLIAMENT. Another measure, he said, would be one to designed to extend the life of Parliament from three to four years. This, he anticipated, would be passed without a groat deal of trouble. There would be a small Land Laws Amendment Bill, enabling the Crown t( grant relief to certain of its tenants. There would be an amendment to the Fruit Control Act to allow Otago fruitgrowers to determine, by referendum, whether their produce should be marketed under the control scheme. There would also be legislation ratifying the trade treaty with Canada. The Prime Minister said that it was not certain whether legislation would be necessary in connection with the trade agreement with Belgium .signed last. year. FINISHING BY SATURDAY. “Wd will finish easily by next Saturday, ’’ said Mr Forbes, when usked when he expected the session to end. He added that if the question Of extending the supply authorities arose, that matter would be dealt with in the Finance Bill. No decision had yet been reached concerning the time of the opening of the ordinary session of Parliament. OTTAWA, April 29. The New Zealand-Canadian Trade treaty bill was given th© second reading. Mr. Stevens declared both countries were anxious to render the treaty effective as soon as possible