NO INCREASE EXPECTED
BRITISH INCOME TAX DEFENCE EXPENDTTT.TR E £80,000,000 FROM LOANS (Elec. Tel. Copyright—United Press Assn.) (Reed. March 6. 2.15 p.m.) LONDON, March 5. With tiie issue of the air estimates, ail the main estimates are now known. An analysis of the nuances reveals that, taking into account- I lie 1180.000.000 which the (.lovormnent. is raising for defences by loan. I lie net, figure reipiired from extra taxation is only L16.d74.000. Conseipient Iv, an increase of slightly over 3d in the pound will meet this amount.
However, the continued prosperity, trade improvement, and increased surtax from the last Budget are expected to account for approximately £16.000,C00, and, consequently, there is every possibility that tin* income lax will not iie increased.
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Bibliographic details
Poverty Bay Herald, Volume LXIV, Issue 19267, 8 March 1937, Page 13
Word Count
121NO INCREASE EXPECTED Poverty Bay Herald, Volume LXIV, Issue 19267, 8 March 1937, Page 13
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