21 FEBRUARY 1931, Page 1
Meanwhile the Conference of Premiers had adopted a three year
plan " of retrenchment, which _included a rednetion of - 0E681 salaries corresponding to the fall in the cost of living and a 3s. 6d. Ilcome Tax without rebate on the interest of all public loans to take the place of the Commonwealth Super Tax of ls. 6d. The Com- monwealth Bank is by no means satisfied with this " three year plan." For one thing, the reduction in official salaries appears to be only what would occur automatically next month.
