TAXATION PRINCIPLES

Hawera Star, Volume L, 31 July 1930, Page 5

TAXATION PRINCIPLES

PRIME MINISTER’S EXPLANATION (United Press Association —Bv Electric Telegraph Copyright). WELLINGTON, July 30. The lvecesslity fo:r taking a wide view of the Govciinriiiefiit’s .taxation' tpYOposafls w,as stressed* by tlhe Prime. •Minister in bis rciply 'this evending ',tl» a deputation.. The deputation which rqpros'e.'nted The wholesale and retail watchmakers end jewel lens of New Zealand .protested againlst the inlereaisc 'in the duty on watches if of foreign origin frtim 20 per •eeinlt. 'to 45 per .cent. It wa's pointed milt that waltlehcs could nioit he wade jn. Nnw Zealand amder any •cirlcnnnMhiiwes and that met mi-lily very iiitlt'le ■wsi'lfehnvaki'nig was done in 'Ghent Britain. It was contended that, the 'trfl'de Was bding unfairly penalised. The abject of the Government in bringing down; the rcsollutiiio'nis, the Prime Minister isnid was first and foro-ni'O.-it to derive more revenue. The Government sought also ;t!o give preference 1,0 British good's and, in addition. <i eortain amount, nf pr.oteichion to Now Zrin'l'nwd’-s own industries. “We elannot. ignore the fn)dt," .tdi'o Prime Minister said, “ that ithis- tminv is dependent on. Great- .Briito’in. We want .to see tlimit the taxation is pl-ne-cd iin the shoulders of him .people with .is Untilo iiwon l ven.ien.ee possible. Evorvonte must reatliiso that it -the finances of New Zeiallamt are not kept, in a >ir)iind starte the: business popple wi'd suffer in- the 'long 'run.

“People perhaps naturally look at things from their own .shamdlpoi-nt. They do- not- scrim to realise th.alt They are part, and! pniiccil o'f a bigger cloin'cern — l.hc .State. Anyon'o who has the intc.iots of the ■country ,a;t heart must, realise that the ump.Voais'an:: ‘things, must be f'ljced.”

The Prime Minister promised to iconsi dor the rcipresonltaltiion's ma'd'c by the doputalt'iton*