LAND TAX PAYMENTS.

New Zealand Herald, Volume LVIII, Issue 17964, 14 December 1921, Page 10

LAND TAX PAYMENTS.

GOOD RESPONSE MADE. MONEY OUT OF OAPITAL. - LOOKING TO THE FUTURE. .^'■v-.-".'-' ' :. '. '"'■' ■■-.' ''■"■■■:':..':■:■"; ".:--- ■■■', : In ! naoit»jPH.T-B«sojAt Riwiyu.] •■-; ' Tuesday. ; , ■ Sptekin^in;se. fious^of VJtepwnl* |iyOS this Evening on the secondr reading of. the Hill .authorising the; borrowing ?of £p,opo,poo for -public works, : the Prinie Stwister made -reference, -.to.''.-the)'land (and income tax* tor the present year, he said, the lihdvtfcx was coming in. very MtistootorPy/.ind' within three or foul *?«!!» pr*qtically the whole pj it would have beep collected. ' hit. -Vigor Brown (Napier): Some, of to sell their land to'pay their tax. '•..'>, Mr. Massey: I know that threequarters -of, the people, have, this 7*»» had to.peyjheir la|id tait out pf. their Iwpita}.' (Hear,- hear/) :•'.. Tfer« ia no ! getting away ironj that. However; the wool sales : to-W nave, beeii very ■ encouraging,- and if would appear as it Vjfool is graaMly rising: in value. :. U it gets back to the priceUt which, it stow in/,1914, Mshall be able to get along pretty satisfactorily; The faet that landowners had to pay! their tax' out .of capital, he added, meant a levy on capital, and theycould ntygo on doing that for long. If they had to repeat:, that they might have » vojry serious o{ things, Mr. H, E, Holland (BuUer){ Have they paid in ; cash! , ,; . '> :> Mr. Maseey! Yes, all of them. There are quite a number of men in this House who have had to pay land tax, and I do 'not believe therei is aI single One of them-who has. not-had to pay the whole or the greater part of it but of capital . : , Mln regard to income tia* he contraaed, v'the position ia,,not so bad. There are business men who are able to pass it on to others (the people with whom they do businew), but* I do not mean to say that all of them do. I hope we shall be able to collect the income tax when the time arrives. I .do not expert any serious difficulty this year, but I am looking forward to next ,y*»r, and ,We have to make preparation for ii. When people see that the Government i» re? trenching in all directions, and endeavour, ing to increase the revenue. 1 want 'them to understand that it is not so much for this year as next year, We have to cut down expenditure to be prepared for. the difficulties that may come next year. We can pay our way, there is no doubt about that, I have not the very sliijhUst. anxiety about the country as a whole. ' It.Will be able to get over its difficulties. The people are so industrious and energetic that we will not take long in doing it.? 1