FINANCE.

Hawera & Normanby Star, Volume XLII, Issue XLII, 9 June 1923, Page 7

FINANCE.

j . MR. MASSEY FURTHER EXPLAINS i (BY -TELEGRAPH —PRKSH ABPOCIATION ) i DUNEDIN, June 8. A statement was made by the Prime - Minister to-day in reference to Sir L Joseph Ward's remarks with regard to , the super-tax in England and New Zea- > lands war .-liabilities. Mr. Massey .«aid . he had not got with him any financial • «oc"meilts. bu* when he got back to , Wellington he would take the opportunity of making public the informa- , tion in his possession with regard to the operation of the supertax 111 England, by whom it was collected and what rate was being paid. In the meantime he stood by the statement •he had made, which he believed could not be contradicted by anyone who understood the position. Mr Massey said that when he took over the Treasury there was £27,000 000 °™f; tfl Imperial Government, which had since then been arranged to the satisfaction both of the Chancpllor ot the Exchequer and the British Government and, he thought, of Parliament There were other liabilities for which money had to be raised, the whole ot the particulars of which he could not recollect at the moment. He did not £To™°n™ Ver< th^ a? e/ the armistice 4*6,000,000 was raised for purely war purposes for liabilities arising o\it of the war.