FEDERAL FINANCE.
OVERDRAFT INCREASED. TO MEET WAGES AND SALARIES. Press Association Electric Telegraph—Copyright (Received Wednesday, 9.45 a.m.) ADELAIDE, This Fay. The Premier and Treasurer, Mr L. Hill, speaking on the third reading of the Taxation Bill, said that it had been necessary to obtain an increased overdraft from the Commonwealth Bank to pay salaries and wages in the Government service. The Bank reluctantly agreed to increase the overdraft from £620,000 to £750,000. The Bill, which proposes to increase the income tax rates to Is Id in the pound, and the land tax to Id in the pound, was passed.
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Wairarapa Daily Times, 22 October 1930, Page 5
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99FEDERAL FINANCE. Wairarapa Daily Times, 22 October 1930, Page 5
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