PROFITS ON CAPITAL
LIMITED TO FOUR PER CENT IUniMM Press Assn. -hiec. Tel. Copyright) (Received Feb. 13, 3.15 p.m.) CANBERRA, Feb. 13 The Commonwealth Government intends to limit tne profits on capital, however invested, to four per cent. Profits earned by companies or people owning blocks of flats will be limited to four per cent. Another objective under the new economic plan is to bring all dividends earned on company shares down to four per cent. The Government intends that all interest and mortgage rates shall be reduced under the new scheme. The reduction of interest rates, however, will not apply to Commonwealth public loans.
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Bibliographic details
Waikato Times, Volume 130, Issue 21653, 13 February 1942, Page 4
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105PROFITS ON CAPITAL Waikato Times, Volume 130, Issue 21653, 13 February 1942, Page 4
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