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Wednesday, 21 July 1920

Mr HUGHES - The answers to the honorable member's questions are as follow: -

1.   Considerable losses of stock have occurred in certain districts, but the precise extent has not been ascertained.

2.   No.

3.   Section 64 of the Income Tax Assessment Act provides means for relief from liability to taxation when a taxpayer has suffered such a loss that the exaction of the full amount of tax will entail serious hardship.

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