CO129-516-3 Military contribution of Colony assessmenet of contribution 13-3-1929 - 28-3-1930 — Page 51

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cause the rent-tax percentage to be regarded

in fact if not in theory as levied solely for

the purpose of the military contribution and not

as part of the Colony's general taxation system.

With the best will in the world the Colonial

Government might well find the pressure in favour

of low valuation to be irresistible.

(4) The Treasury is in entire agreement with

the argument of the War Office that the 20%

figure

has always been related to a particular

interpretation of "revenue" and that the figure

would require to be greatly increased if exemptions

on the scale indicated were made.