FEDERAL LAND TAX.

Hawera & Normanby Star, Volume LXV, Issue LXV, 17 November 1913, Page 5

FEDERAL LAND TAX.

Times—Sydney Sun Special Cables

(Received Nov. 15, 7.59 p.m ) LONDON. Nov. 15. At the annual meeting of the Scottish and Australian Investment Company Mr John Harley said that £20,818 had .been paid in 1912 in colonial taxation, the bulk being Federal, land tax. This amount equalled a dividend of 4 per cent, on ordinary capital. The'tax was levied on all freehold properties, whether productive or not, and the taxation exceeded anything that could be termed reasonable. Strong remonstrances v made to the Government had proved unavailing, and only one course remained namely, to sell the freehold on which the Federal land tax was levied. This, would take time, but they would find other outlets for capital because Australia, with all its faults of Government, was a great country with a future before it.