Increased income and company tax in surplus budget
The 1960-61 budget presented by Treasurer Holt in the House of Representatives raises company tax by 6d in the pound after scrapping the 5 per cent tax concession. Pensions and allowances rise to £5 a week, while the plan targets a cash surplus of £15,493,000 against last year’s £28,500,000 deficit. Personal and company tax changes are forecast to raise about £40.9 million annually and £36.9 million for the rest of the current year.
MENTIONED IN THIS ARTICLE
Holt
House of Representatives
Ala Ith
Austisia
Adiances
Sigan
Hall
Tme
Holt Warns of Inflation Risks in Budget Speech
Mr Holt describes speculation and rising expenditure fueling inflation, with higher prices and scarce materials. He urges steadying the rate of expenditure growth, cautioning against excessive imports while noting import losses and a need to protect reserves and maintain growth.
MENTIONED IN THIS ARTICLE
Holt
Australia
Monetary Fund
Budget At A Glance 1960 61 Budget Highlights
The 1960-61 Budget introduced by Mr Holt in the House Ry er Withdy featured tax rises of 5 in the pound and 6d in the pound on company tax. Age and invalid pensions increased by 3d a week, rural housing and war pensions saw rises, and exemptions and Liberalised means tests affected radio valves and electric shavers. A surplus of £15,493 is projected.
MENTIONED IN THIS ARTICLE
Holt
A.C.T Development Allocation Boosts Budget Totals
The budget shows an overall increase with total ACT expenditure for 1960-61 at 12.318 million pounds. Revenue is forecast at 4.169 million, with a significant rise in land rates and home rents to 1.7 million. Grants cover police, education, Canberra University College, and housing loans, while the Interior Department adds 350,000 for housing loans and 500,000 for private building societies.
MENTIONED IN THIS ARTICLE
National
Capis Development Commision
Department of the Tnterial
Commission
Department of the Interior
House of Representatives
Treasur
Holt
Canberra University College
Canberra
Wits
Graeme Thorne found strangled body in bush edges
Detectives believe Graeme Thorne was strangled after his kidnapping. Three Grandview Grove boys discovered the body about 4.30 pm in scrub near Wakehurst Parkway, wrapped in a blanket and with limbs bound. An examination by authorities followed as Dr. Percy prepared a second autopsy. The Thorne family was notified at Bondi after the grim discovery.
MENTIONED IN THIS ARTICLE
R. Walden
Graeme Thorne
Les
Grandview Grove
Tilerus
Government Medical Office
Percy
City Morgue
Eric Coughlan
Phillip Wall
Andrew McCue
Also Mentioned on This Page
Seland
Walla
Ms. Holt
Aidalla
Snecultion Itt
Jane
Treasury
Mic Hereenke
Phos
Demassens
A.C.T
Mr. Mensies
Wakehurst, Parkway
Geaeme Thorne
Schoolap
Clive Goodwin
St. Mark's Church of England
Darling Paint
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