AUSTRALIAN. [BY TELEGRAPH.—COPYRIGHT.] [REUTER'S TELEGRAMS.]

Waikato Times, Volume XXII, Issue 1809, 9 February 1884, Page 2

AUSTRALIAN. [BY TELEGRAPH.— COPYRIGHT.] [REUTERS TELEGRAMS.]

Sydney, February 7. It is considered likely that the Uovernment will postpone the consideration of the proposed revision of the tariff, and proceed with the property tax scheme and increased duty on tea and tobacco. It is announced that it is the intention of the Government to propose some modification in the scheme of taxation set fotth in the Treasurer's bndget. It is stated that the personal effects, such as furniture and wearing apparel, will be exempt from the property tax, and that the limited exemption will be increased to £300. It is further stated that the tax will be fixed at a halfpenny in the £, instead of a penny as proposed.

Friday. A motion, setting forth that the financial proposals of the Government are not satisfactory, has been tabled by Mr Young in the Legislative Assembly. It is undei stood that the mover is not acting in concurrence with the leaders of the Opposition party. Further details in connection with the proposed tax property have transphel. Under the bill to be introduced the banks will pay full amount tax on the whole of their property, charging proportionate amounts against each shareholder ; foreign banks will be called upon to pay in proportion to the extent of their operations in the colony. Melbourne, February 7. The Marchioness of Normanby is now slightly better, but is still seriously ill.