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Thursday, 3 July 1941

Senator McBRIDE - The Treasurer has supplied the following answer : -

The Government has placed a. tax on gold equal to 50 per cent, of the price in excess of £9 a fine ounce. The present tax amounts to 17s. an ounce. To assist the gold prospector the Government refunds to each prospector the amount of gold tax. paid upon the first 25 ounces of gold upon which he directly or indirectly pays tax in any year.

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