Sugar Stabilisation Fund
p. 11 · Read in the full issue
From Our Own Correspondent
March 1, 1948.
HAVING scrapped the copra stabilisa tion fund, the Government now pro poses to introduce a Sugar (Stabil isation Fund) Bill at this month’s sitting of the Legislative Council.
The Bill, if passed, will give statutory authority for the levying of contributions upon the sale proceeds of sugar exports.
Statutory authority is necessary, so it is said, to prevent any questions arising as to the payment of income tax on con tributions to the fund.