INTERNATIONAL FINANCE
LITTLE RESULT FROM CONFERENCE MEANS OF INCREASING REVENUE. CUSTOMS TRAIFF NOT DEALT WITH. (Australian and N.Z. Cable Assn.) Received October 13, 5.5 p.m. LONDON, October 12. Sir It. M. Collins, who has return" I from Brussels, in an interview slated thai the Conference found nu new remedy rnr the llnancial trouble. Tieoriginal scheme propounded by the Conference fur tlo\ creation of credits In favour of impecunious countries was not worked oul in detail, but the feeling of some delegates, including myself, was that the bonds to be given by the Government of the importing country should be supported by an international guarantee. The Conference considered that the relative advantages of the various means for increasing revenue, whether by direct or indirect taxation or capital .levy, would depend upon special economic conditions in each country. It was recommended that a country should decide for Itself. The Conference, being of a financial character, did rod consider the Custims tariff.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19201014.2.27
Bibliographic details
Waikato Times, Volume 93, Issue 14491, 14 October 1920, Page 5
Word Count
159INTERNATIONAL FINANCE Waikato Times, Volume 93, Issue 14491, 14 October 1920, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.