CO129-625-1 Trading Reserve Fund 1-5-1950 - 31-10-1951 — Page 23

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serious effect on revenue for 1952/53 even though they may be modified long before that date. Any proposal for additional taxation now would Inevitably raise the

constitutional question which would be most undesirable. We should be accused of deliberately shelving constitutional reform in order to be able to force through this fresh taxation.