DE-RATING.
vw.or)» TUffl ASSISTANCE TO' FARMERS BY COALITION. GOVERNMENT. Substantial relief 1 will be granted to rural , ; ratepayers ps a result of the: Government’s decisicbl to -rriake ! grants' ‘to county councils out of. the Main Highways Revenue Fund as a /subsidy on rates. ■' " \ The subsidy to be made will be at the irate of 2s 6d/in the pound on the; average annual • amount ‘of 'rates collected by the local bodies during : the ihfee years ended March and ihMns " a total sum invoiVid of #280,000. The grant will be’applied-in making refunds to ratepayers at the rate of 121 per cent, of the amountjpay&ble in respect of rates levied/for. theiifiaanciali year ended March 31, 1932, Grants' also apply to road board districts entirely within the boundaries of a county. This is a step towards the lifting of the burden from our producers that the (Coalition Government intends as part of its policy towards restoring financial stability and confidence.—L.4.
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Hokitika Guardian, 21 November 1931, Page 5
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156DE-RATING. Hokitika Guardian, 21 November 1931, Page 5
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