UNSOUND FINANCE.
TAXATION UPON CAPITAL.
EFFECT ON LABOUR MARKET.
By Telegraph.—Press Association.—Copyright.
London, August 4. The Duke of Portland, addressing the tenants on his Welbeck estate, said that £1000 weekly was spent in wages on this estate, but this amount would necessarily be largely diminished if the Budget became law, thus disorganising the local labour market.
Taxation upon capital, he continued, was fundamentally unsound finance, and would bring ruin upon agriculturists.
The chairman of Watney's Brewery Company, at the annual meeting, stated that the increased license duties would cause the company to pay £100,000 additional taxation.
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Bibliographic details
New Zealand Herald, Volume XLVI, Issue 14132, 6 August 1909, Page 5
Word Count
96UNSOUND FINANCE. New Zealand Herald, Volume XLVI, Issue 14132, 6 August 1909, Page 5
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