8.—20b

1903. NEW ZEALAND.

INCOME-TAX: ESTIMATE OF INCREASE IN REVENUE IF EXEMPTION LOWERED TO £200.

Return to an Order of the House of Representatives dated the 24th July, 1903. Ordered, " That there be laid before this House a Return giving an estimate of the increase in revenue from income-tax in the event of the exemption being lowered to £200."—(Mr. Ell.)

RETUEN.

Estimated increase in revenue from income-tax if exemption were lowered to £200 ... ... ... ... £22,145 0 0 Note.—From the above increased revenue would be deductible the increased working-expenses of the Department, so that the increased net revenue would be more safely estimated at £20,000. JOHM McGoWAN, Land and Income Tax Department, Commissioner of Taxes. Wellington, 29th July, 1903. Approximate Cost of Paper. —Preparation, not given; printing (1,425 copies), 17s.

By Authority: John Mackay, Government Printer, Wellington.—l9o3. Price 3d.]