PROMISES OF TAX RELIEF

Taranaki Daily News, 10 July 1929, Page 11

PROMISES OF TAX RELIEF

NEW SOUTH WALES SURPLUS S RAILWAYS RECEIPTS IMPROVE. LOWER HARBOUR DUES PROBABLE, ” By Telegraph—Press Assn. —Copyright. Australian Press Association. Sydney, July 9. A surplus of £530,000 on the con soil- ;• dated revenue fund is disclosed ih the nnancial statement issued by the State . Treasurer, Mr. Stevens. Tax relief is. promised. The railways allowed a delicit of £1,200,000, but the receipts ex- ;S eceded last year’s figures by £500,000. The increased powers given to the .a Tax Commissioner resulted in £250,000 extra being collected by those evading the tax. - ■ •

A reduction of harbour dues is likely, us the Harbour Trust showed a surplus • d £115,000 for the year from July 1. VICTORIA REDUCES EXPENDITURE<*| COUNCIL OF DEFENCE PLANS. By Telegraph—Press Assn.—Copyright. Melbourne, July 9. The Prime Minister stated, after the. ’X meeting or the Council of Defence, that plans had been formulated for a sub- .j’ stantial reduction jn expenditure. -The Defence Department did not, however, propose to do anything that would permanently injure any ’of the defence or-..T ganisations or impair the efficiency to : ;y any material degree.