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Tuesday, 25 November 1941

Mr FADDEN (Darling Downs) (Leader of the Opposition) . - As the Minister has stated, this amendment is consequential on the alteration from 4 per cent, to f> per cent.; in other words, with the rate at 4 per cent, the amount of capital necessary to earn £1,000 would be £25,000, whereas with the rate at 5 per cent, the amount will be only £20,000.

Amendment agreed, to.

Clause, as amended, agreed to.

Clause 6 - (2.) The amendments effected by sections four and five of this Act shall apply to all assessments for tin: financial year beginning on the first day of July. One thousand nine lui lid red and forty-one.

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