92
attitude will depend on the efficiency with which the Inland
Revenue Department is administered and the degree of success
which the department achieves in checking evasion.
Everything
possible will be done with the staff available but I am greatly
concerned at the delay in the filling of the Assessors posts
for which chartered accountants are required (my Telegram
(1) m 54394/2/47 No. 283 of the 13th February, 1947). There is, at present,
Encl. 5
in addition to the Commissioner only one chartered accountant
in the department and, a though I realise that there may be
difficulties in obtaining candidates on the scale of salary
offered, I trust that every effort will be made to fill the
vacancies as soon as possible. I am told that the Employment
Bureau of the Institute of Chartered Accountants is very
helpful in such matters, but doubtless your appointments
department have already been in touch with the Institute.
20. I am not unduly disturbed at the possible effect on
revenue of the adoption of a 10% standard rate.
generally agreed that the 1941 Estimate of $9,300,000 was far
too low and that the actual yield would probably have been
more in the region of $15,000,000. Price levels are now very
much higher and commercial salaries and professional earnings
have considerably increased. Little more than a guess is
possible at the present stage but my advisers consider that
there is a very good chance that the figure of $16,000,000
allowed for in the Estimates will be reached.
It is
21. I attach a schedule prepared by the Commissioner of
Inland Revenue containing a brief summary of the principal
variations between the Ordinance in the form in which it was
finally enacted and the original Bill as drafted in London.
I have the honour to be,
Sir,
Your most obedient, humble servant,
hank Young.
Governor.