“REDUCED PRODUCTION”
RESULT OF MORTGAGE EXEMPTION PLAN ANOTHER CANTERBURY PROTEST Press Association CHRISTCHURCH, Wednesday. The Government land taxation proposals were discussed today by the , general committee of the Canterbury Agricultural and Pastoral Association. The following resolution was carried: That this association strongly protests against the Government's decision to promote legislation providing for a super-tax on farm lands and a reduction in the amount of the mortgage exemption, as the result will be disorganisation of finance by heavy withdrawals of mortgage moneys invested in land, which must necessarily mean reduced production and the creation of additional unemployment. This meeting is also of opinion that the present land tax is not equitable and suggests that a graduated tax on all incomes, however earned, should be substituted.’’ Members were bitter in their denunciation of the Government's proposals.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19290822.2.119
Bibliographic details
Sun (Auckland), Volume III, Issue 748, 22 August 1929, Page 10
Word Count
134“REDUCED PRODUCTION” Sun (Auckland), Volume III, Issue 748, 22 August 1929, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). 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.
Log in