The Archive · 1941

S.M.C. Finance

Tax on Stock Exchange 1 the Balan ofthe oth Blur mews Fee ig a Eabseed™ ig asha Gael i hares alien eayeea are forma o¢ taxation which fe ie advised Three menus our eae een cines dosuially Ginuie aces 'AS the following will show, quite a large amount could be obtained. The turnover for the weeks ending.

January 43 show a total of One per cent of this, halt per cent levied "on "both Seller and" Buyer, would amount to $2,588,580: thus the amount for the year would be approximately $33,051,540 which after scuttling the estimated defeat would Yeave $13,651,540, This sum. together with the amount that could be raised by increasing the license fees on motor cars and dogs, both of which bby the way I consider to be luxuries; would probably bring this sum up 10 over Fourteen Millions which could be used to pay off some of the older debentures thus further redueing the All this could be done without in any. way, imposing further hardship fon the already overburdened Ratepayers and T feel confident that a unanimous vote would be given by. all to this suggestion and that further disgraceful scenes as those at the Tngtmeoting would be avoided.

For the sake of brevity Iam chang. ing my nom-de-plume from Bitten Almost to Death to

Text read from the printed page and cleaned; old type leaves the occasional error.

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