OUTSTANDING DEATH DUTIES
difficulty money TO PAY (From Our Parliamentary Correspondent) WELLINGTON, This Day. Replying to a question by Mr Hanan (Invercargill) in the House, the Prune Minister said ho was unable at the moment to give the exact figures as to the amount of death duty outstanding. From his recollection it was approximately a million pounds. People who were 'left behind had sometimes a difficulty iu raising the necessary funds to meet the duty charges. Interest was paid on the amounts outstanding. Mr Hanan—That is in the nature of a penalty. Mr Massey—No. It simply means that the • trustees who are not able to find the money in reasonable time, have an opportunity to allow the duty to remain outstanding and pay the interert on it. Mr Hanan—How long are they allowed ? Mr Massey—Six months. Mr Mitchell—And what happens then? Mr Massey— I They pay interest.
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https://paperspast.natlib.govt.nz/newspapers/NEM19221014.2.27
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Nelson Evening Mail, Volume LVI, 14 October 1922, Page 5
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147OUTSTANDING DEATH DUTIES Nelson Evening Mail, Volume LVI, 14 October 1922, Page 5
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