SALARIES

Wanganui Chronicle, Volume 79, Issue 277, 25 November 1935, Page 9

SALARIES

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Dealing with unemployment taxa- ■ tion, Dr. Adams said that the tax was not relieving unemployment but had perpetuated it. By a system of ecoi nomir borrowing thousands of unemployed workers could be replaced in employment. The removal of the sales tax would also mean the re-establish-ment of thousands more men. Explaining the borrowing scheme, Dr. Adams sai<! that £S.OOC,OOO would be obtained during the first year fof which it was now almost certain that not more than £*>.ooo.ooo would be required), £3,000,- ! 003 the second year and between I £1,000,000 and £2,000,000 the next i year. Unemployment, he said, would ’be abolished in three, if not in two Dr. Adams said that the gold export i tax could also be removed with benefit, and most of the 12j per cent, increase ’ in income tax' could also be abolished. ■The Democrat Party intended to lower ■ the unemployment tax to sixpence in i the pound and employ it for a national • health insurance scheme. This would i mean a saving of £1,000,000 in taxa- * Dr. Adams said that if the barrier of the high exchange were removed the Don in on would be enabled to purI chase more goods from the Old Country. The norma! raticn was two to ! one and the two countries lived in I harmony under that .scheme but the market today was being adversely afI feeted by the 25 per cent, exchange. The exporters received £9.000,000 benefit from the exchange, which cost the Government £4,000,000 on account of indemnities and other items. The farmers would receive more benefits from the establishment of a produce price stabilisation fund. The proposal was not or e of gr.aranteed prices but i w»uld mean that if butterfat realised only 10 a lb the farmers would re- : ceive 2d a Jb out of the fund. It was to the advantage of the Dominion to I abolish the high exchange rate as soon • as possible because each year its cost I of removal was increasing.