LAND TAX PROPOSALS

Otago Daily Times, Issue 21361, 15 June 1931, Page 7

LAND TAX PROPOSALS

ATTITUDE OF LIBERALS CRISIS MAY BE AVOIDED . • » . PARTY LEADERS CONFER , (British Official Wireless.) (By* Electric Telegraph—Copyright.) (United Press Association.) RUGBY, June 12. The leaders of the Liberal and Labour parties met to explore the situation which - has arisen over the Liberal Party’s amendment to an important clause in the land taxation proposals in the Government’s Finance Bill. The deliberations will probably be continued during the week-end. The -newspapers express the belief that accommodation is likely to be found and, that the crisis anticipated in Mr Lloyd George’s Edinburgh speech may be avoided. At to-day’s conversations the Prime Minister was accompanied by Mr Snowden, who is in charge of the Finance /Bill, and Mr Lloyd George and Sir Herbert Samuel attended on' behalf of the Liberals.

A full meeting of the Liberal Party on Monday will finally decide what action will be taken on the amendment, which is tabled for consideration in the Mouse of Commons on Tuesday.

The situation that will arise this week in the House of .Commons when the Liberal amendment to the land tax proposals in the Government’s Finance Bill will be discussed was described by Mr Lloyd George in a speech at Edinburgh as critical. The Liberals propose that the tax shall fall exclusively on undeveloped land by conceding to owners the right to deduct' from the land tax the amount paid on the same land as income tax.