[?]Enue-Expenditure

Gap Widens

OR changes in income taxation ocedure will come into opera i the British Solomon Islands torate on January 1, 1957. gh loss of revenue arising om will have to be made up er directions, the amendments esigned “to relieve the tax s on residents of the ms.” »utline of the new concessions pven by the High Corn ier, Mr. John Gutch, at the g of the BSIP Advisory 1 in Honiara on October 11. concessions are: reduction in the basic rate : tax by 6d in the £l. n increase in the Personal llowance of £lOO. n increase of £75 in the lucation allowance for each lild being educated overseas ibject to limitation of total igibility. i increase to £2,000 in the inimum figure of chargeable come at which surtax be imes payable. l business of the meeting was onsideration of the draft ;es for 1957. ■ outlining the requirements 'eminent in the year ahead, itch said: ivill be evident from these that the gap between 5 and recurrent expenditure ning significantly. This must s cause for concern, parti at a time when it is clear owing to the economic :ies of the United Kingdom, est for increased assistance ;ay the least, unlikely to be e. d my advisers have therefore d the situation most care- We have reached the ion that this trend was lie, and that it is likely to e for some years if the requirements of the Territory be met. of the main reasons for it ’act that departmental staffs iw being built up to an strength and standard they are to do their work ely, they must be given the es for that purpose.” 3. B. Perriman, a director of Carpenter and Co. Ltd., left on October 6 for a business :o New Guinea. He is d to return to Sydney about )er 11.