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Otago Daily Times, Issue 19498, 5 June 1925, Page 4

A quoAion of great: importance 1.0 dairy companies has 'been taken up by the executive of the Federation of the Taranaki Co- I operative Dairy Companies—namely, that of income tare levied on cooperative dairy companies. It is considered (reports our , Hawora correspondent) that tbo principle ol exemption of dairy farmers from income tax should extend to and include operations of a co-operative dairy factory which exists for manufacturing into butler tun! cheese the dairy farmers’ milk supply and not for profit-making part roses. The levying of the tax, it was staled, lerl to serious results, as dairy companies, in order to avoid : the tax, paid out to their suppliers the lit ! most limit and did not reserve from the divisible income sufficient sums each year i-o kwp the dairy oomjwwiieri in a j financial position, Tin* federation iv.> j lias got into roach with members of Parliament ami hopes are entertained that , something will bo done at the next, session j of Parliament.