Super-tax on Incomes to Make Up Deficit Canberra, Now. 21
The Federal Treasurer, Mz. Theo-ore, in the course of a' statement} fon the Australian Budget to-day, Acelared that there was no time to recast the proposals of his predcessors, but in order to fill the gap £2,000,000 in them he proposed to] obtain additional revenue from the Customs excise and by the imposition of a-super-tax varying from 10) per cent on incomes of over £200 to 20 per cent. on incomes of over} 53,000.
The Government, he continued, was convinced of the necessity controlling credit resources by nanal institutions and contemplated remodelling and increasing the scone of the functions of the. Commonwealth Bank.
Mr. Theodore added that increased duties. would be imposed on textiles, including woollen piece-goods, ha's stockings, metal manufactures and]
Text read from the printed page and cleaned; old type leaves the occasional error.