DOMINION LOANS.
TAXATION FBEEDOM FACTOR.
(Special Oorrespoandent.)
WELLINGTON, This Day.
It has been stated in commercial circles in Wellington that Clause 23 of the Land and Income Tax Amendment Bill has the effect of repealing the free of income tax provision in relation to war loans debentures now in the hands of investors. The Prime Minister said last night, in answer to a question on the point, that the Government had not tihe least intention of going back upon any eon tract it had made. Tht effect of the clause in question had been discussed by Cabinet and he had been assured by the law officers that the clause would not interfere with war loan debentures issued under the "free of income tax" arrangement.
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Northern Advocate, 10 September 1920, Page 5
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124DOMINION LOANS. Northern Advocate, 10 September 1920, Page 5
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