FIXING OF PRICES.
MR. ASQUITH DISSENTS. TAXES ON WEALTH. Aust. »nd N.Z. Cable. LONDON, July 19. Replying to a deputation from the Trade Union Congress, which had made representation regarding regulation of the prices of food and fuel, the increase of old-age pensions and the conscription of riches, Mr. Asquith said the Congress proposed fixing freight rates, commandeering home crops, and fixing the standard prices of food in various areas. It was true that shipping companies were making large profits, but much was taken under the excess profits tax, and the interests of the country demanded that considerable reserves be set aside to provide for new tonnage after the war. Germany tried fixing maximum prices, and he doubted whether it had proved successful. He was not disposed to attempt it for the United Kingdom. In regard to the conscription of riches, the income tax was so high that he did not think any country in the world was exacting equal contributions from the well-to-do.
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New Zealand Herald, Volume LIII, Issue 16287, 21 July 1916, Page 8
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164FIXING OF PRICES. New Zealand Herald, Volume LIII, Issue 16287, 21 July 1916, Page 8
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