Rubber Tax
p. 23 · Read in the full issue
To be Imposed in Papua
From Our Own Correspondent
Port Moresby, July 29.
IT is understood that the Administra tion will present a Bill to the next session of the Legislative Council, providing for an export tax on rubber from Papua.
The tax will be 5 per cent, on the f.o.b. value at Papuan port, payable if and when such value is not less than Sid. per pound, Australian currency.
Rubber producers in Papua receive, at the present market price, a profit of approximately 1/- per lb. on rubber landed In Sydney.