SUPER LAND TAX.

Hawera Star, Volume XLIX, 15 August 1929, Page 9

SUPER LAND TAX.

SHISEPFARMERS’ PRO i EST. i;nemployment may be CAUSED. * (By Telegraph—X’le&s Association.) DUNEDIN, August 15. The Otago and Southland Sheepownens’ Union has despatched the following resolution to the Prime Minister: “It additional revenue is necessary, we are of the opinion that it should be raised by altering the incidence of the income tax, by substituting a farmers’ income tax in lieu of a land tax, or even increasing all round the income tax rates. The proposals non- made will cause unemployment, as all except absolutely necessary expenditure will be avoided and money will be withdrawn from rural investments and production reduced. Many landholders, whose properties are unsuitable for subdivision will be ruined and it is inevitable that an all-round reduction in land values will seriously affec-t even the small farmers in disturbing their land mortgages, through mortgagee:; tightening their limits and to a certain extent making farmers’ temporary finance more difficult. A few of the old-established wealthy landowners will lie the last to suffer from the proposed super tax and it is the host class of settlers, the energetic young men, who have not been afraid to assume large responsibilities, who will suffer most.”