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BRITISH FINANCES.

COMPULSORY LOAN

INSTEAD OF CAPITAL TAX

By Telegraph—Press Assn.—Copyright

(Received March 10. 1-50 p.m.) LONDON, March o,

Lord Buckmaster. in the House of Lords, proposed that, instead of a capital levy, which would interfere with industry, the State would borrow the money and give securities in exchange bearing 1 per cent, interest. If the Joan lasted 13 years the State’s saving m interest would amount to 2500 millions.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TH19200310.2.72

Bibliographic details

Taranaki Herald, Volume LXVIII, Issue 16688, 10 March 1920, Page 7

Word Count
70

BRITISH FINANCES. Taranaki Herald, Volume LXVIII, Issue 16688, 10 March 1920, Page 7

BRITISH FINANCES. Taranaki Herald, Volume LXVIII, Issue 16688, 10 March 1920, Page 7

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