BRITISH MERCHANTS.

Taranaki Daily News, 19 January 1923, Page 5

BRITISH MERCHANTS.

REPARATIONS DECISION WANTED. VIEWS ON EMPIRE SETTLEMENT. By Telegraph.—Press Assn.—Copyright. Received Jan. 18, 10.20 p.m. London, Jan. 18. The Association of British Chambers oi Commerce carried a resolution declaring that the present drifting in connection with the reparations issue was most injurious to Britain’s commerce. Owing to a desire not to embarrass France, the above was carried without discussion. Another motion earned declared that in view of the increasing Empire trade development, indirectly reducing unemploy irent in Britain, the association would support the principle of Empire settlement by close co-operation with the Dominions, whereby the public bodies of Britain could take a direct interest in sending chosen groups from one district to selected areas in the Dominion.

The meeting also demanded the abolition of the corporations’ profits tax, and the operation of the income tax on the Royal Commission’s recommendations, allowing depreciation on wasting assets and permitting depreciation on plant and machinery to be regarded as an annual trade expendi-ture.—Aus.-N.Z, Cable Assn.