AUSTRALIAN INVESTMENT.
THE BURSTIHCkUP PROCESS. » , "By Electric Telegraph—Copyright] Times—Sydney Sun Special Cables (Received 8 aim.) London, November 16. At the annual meeting of the Scottish Australian Investment Co., Mr John Parley said that the sum of £20,818 was paid in 1912 for colonial taxation, the bulk being Federal land tax. An amount equal to dividends of four per cent, on the ordinary capital was levied on all freehold properties whether productive or not. The taxation exceeded anything that could be termed reasonable, hut strong remonstrances to the Government proved unavailing. The. only one course remaining was to sell the freehold on which the Federal land tax was levied. This would take time. They would find other outlays for the, capital, because Australia, with all its faults of Government, was a great country with a future before it.
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Bibliographic details
Stratford Evening Post, Volume XXXVII, Issue 65, 17 November 1913, Page 7
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137AUSTRALIAN INVESTMENT. Stratford Evening Post, Volume XXXVII, Issue 65, 17 November 1913, Page 7
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