London Financial News Condemns New Taxation
INJURY TO INDUSTRY.
Received Sunday, 7 p.m. LONDON, Nov. 21,
Tho Financial News states that the new super-tax proposals will accentuate the complaint of double taxation from those liable both here and in Australia but the effects of increased customs duties may bo considerably more serious, Manufacturers here will necessarily be injured, while from Australia’s standpoint, tho tariff changes will perpetuate a policy which already has been condemned as contributing to that failure of expansion of national income which is the root of her financial ditlieultioß. The editorial says the paper awaits details of the banking proposals and says a disturbing element lies in tho source from which they proceed and concludes: “Mr. Theodore admitted Australia's credit is somewhat impaired and his statement has not given grounds for thinking he is on tho right road to restore it." •
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Horowhenua Chronicle, 25 November 1929, Page 3
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144London Financial News Condemns New Taxation Horowhenua Chronicle, 25 November 1929, Page 3
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