SWITZERLAND PLANS BALANCED BUDGET
ECONOMIES APPROVED BY PLEBISCITE BERNE, November 27. The Federal plebiscite resulted, 507,000 voters being in favour of the Government’s plan to balance the Budget in three years; the negative vote was 194,000. The Young Peasant and Communist parties recommended rejection of the plan. Fifty-six per cent, of the electorate polled. The plans include a tax on national defence and the taxation of capital yields at their source. 'Hie plans are expected to make economies of £5,400,000 and to bring in new revenue amounting to £6,600,000 a year.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ST19381129.2.62
Bibliographic details
Southland Times, Issue 23678, 29 November 1938, Page 7
Word Count
91SWITZERLAND PLANS BALANCED BUDGET Southland Times, Issue 23678, 29 November 1938, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.