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Wednesday, 26 June 1946

Taxes PAYABLE for FINANCIAL Year 1946-47 on Personal Exertion or ". Earned " Income.

The amounts shown in the statement include the following levies: -

Australia - Social services contribution. New Zealand - Social security charge. United Kingdom - National insurance at 4s. lOd. per week.

Note. - AH figures "are expressed in the respective currencies of the countries concerned.

Mr. A.O. Cameron, vice.president and general manager of the Goodyear Tyre and Rubber Export Company, who has visited Australia three times during its social and economic readjustment, has declared that this country has done a better job ? .in controlling inflation than has been done , by any other country. He praised the Australian Government for the wisdom of its fiscal policy, which is administered by means of high tax rates, and for its determination to pay its way as it goes instead of financing its operations by means of foreign, loans. This is an independent and unsolicited testimonial, from a very high business executive in America.

Much has been said about employment, unemployment, and the decline of production. The anti-Labour press yesterday and to-day published figures which show that, at the end of the last quarter of this year, 2,026,000 men and women, excluding rural and domestic workers, were employed in Australia. This number was 74,500 above the highest wartime level, recorded in November, 1941. and 296,600-120,500 men and 176,100 women - higher than the pre-war level: Those who protest against a lowering of production should seriously consider those figures.

Mr Holt - Docs the honorable member argue that because the number of persons employed is greater, the production is higher?

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