SHIPPING AND TAXES.
DEPUTATION TO PREMIER. Auitrnlian and N.Z. Cable Association. (Received July 20, 1.50 p.m.) LONDON, July 19.. ' Replying to a deputation from tho Trades Unionists' Congress regarding tho regulation of prices of food and fuel, tho increaso of old ago pensions and tho conscription of riches, Mr Asquith said that tho Congress proposed fixing freight rates, commandeering homo crops and fixing standard pr>ivs 6? food in various areas. It was truo shipping companies wore making largo profits, but much had beon takon under tho Excess Profits tax and tho interests of the country demanded that considerable reserves should be sot aside to provide new tonnage after the war. Germany had tried fixing maximum prices but ho doubted whether it had been successful and ho was not disposed to attempt it in the United Kingdom. As regarded tho conscription of ( riches tho income tax was so high that he did not think any- country in the world was exacting equal contributions from tho well-to-do.
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Bibliographic details
Star (Christchurch), Issue 11755, 20 July 1916, Page 6
Word Count
165SHIPPING AND TAXES. Star (Christchurch), Issue 11755, 20 July 1916, Page 6
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