WEST AUSTRALIAN LOAN AND TAXES.
STATE HOTEL AND MILK SUPPLY.
Perth, December 6.
The Loan Bill, providing for the raisin.-' of £5,600,000, has passed both Houses. It includes items covering the establishment of a State hotel, sawmills, brick . vardti milk supply, and a steamer service* '■'■
In reply to a question, the Premier (Mr Scadden) said that he considered it inadvisable to float the loan in Australia,. ■ : ''l The Colonial Secretary informed 1 the Council that the Agent-General advised that the loan could now be placed on reasonable terms, but if delayed ■ beyond
Monday next - the State - would - be- ~ fore* stalled. ;. . ,■■"■/' i '~ ... ....■ ■ '.. ■.'•! -:■■/--■■ '■Iho has introduced a Taxation Bill, which provides -for an all-round land tax of Id in the £ on the unimproved value, abolishing the; £d tax on improved values. The income ..tax is fixed at 4d in .the £ up to £600, rising thence by Id foxeach additional £250.. up to £2500. - On incomes of over £5000 the tax 'is Is."'-"Ab-sentees . will pay 50 per- cent, . extra, and all companies Is in the £ on net profits.
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Bibliographic details
New Zealand Herald, Volume XLIX, Issue 15169, 7 December 1912, Page 7
Word Count
175WEST AUSTRALIAN LOAN AND TAXES. New Zealand Herald, Volume XLIX, Issue 15169, 7 December 1912, Page 7
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