DEFENCE CONTRIBUTION
THE TAX ON BUSINESS DECIDEDLY UNPOPULAR LONDON, May 26. The continued weakness of most shares reveals that the City's hostility to the defence contribution is unabated. Sir Robert Home voiced his discontent in a scathing statement, declaring that if a malevolent spirit desired to tempt British industry back to its old, sluggish ways, it could scarcely have conceived a more insidious device than the defence contribution, which singled out for exceptional taxation the growth of business. NATIONALISATION DURING WAR LONDON, May 27. (Received May 28. at 1.30 a.m.) " If the time comes again, as in the last war, when it is necessary to resort to nationalisation, it will not be armament firms alone that will be nationalised," said Mr A. Duff-Cooper, Secretary for War, in the House of Commons. Until that time came, he submitted there was no case for a sudden, violent revolution in the industrial world.
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Bibliographic details
Otago Daily Times, Issue 23202, 28 May 1937, Page 9
Word Count
150DEFENCE CONTRIBUTION Otago Daily Times, Issue 23202, 28 May 1937, Page 9
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