BIG INTEREST BILLS
AUSTRALIA’S BURDEN. NEED FOE REDUCTION. PROBLEM FOB FINANCIERS. BY CABLE—PRESS ASSOCIATION —COPYRIGHT. Received 12.15 p.m. to-day. ADELAIDE, Sept. 12. Discussing the question of improving Australian credit, the Federal Attor-ney-General, Mr. L'athom said that if it were possible fa improve credit and to save one per cent interest, taxation could not he reduced by ten million sterling yearly. The total amount raised .by taxation in Australia was about seventy-seven millions yearly, apart from the payment for services rendered by the railways, post office and other Departments and the Commonwealth and States paid fifty-seven millions in interest alone. Mr. Latliom said that the burden must be reduced. Probably the first business next session would be concerning finance.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19270912.2.63
Bibliographic details
Hawera Star, Volume XLVII, 12 September 1927, Page 9
Word Count
118BIG INTEREST BILLS Hawera Star, Volume XLVII, 12 September 1927, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in