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Friday, 15 May 1970


Mr BURY - As with so many other matters, this matter is not quite as simple as it appears on the surface. It so happens that a good many primary producers do have a taxable income from their non-farming activities that is greater than their taxable income from farming activities. Their farm income in the first place is written down considerably for taxation purposes by very numerous deductions for primary production which the Government has built up over the years in the taxation laws.

In many cases, people whose whole lives are spent on farms and farming properties do gain greater income out of some outside investment than they do out of farming income per se. This is particularly so at the moment. A large number of people who may be thought of nominally as Pitt Street farmers are in fact genuine full time primary producers who have been unfortunate particularly in the last few years not to earn as much income from this strenuous activity as they have from a perhaps limited number of investments which they have been able to acquire.







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