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C H fi PTE £ á
Fix this textTHE
Fix this textThis lecture will tell the strange story of how the Common-
Fix this textwealth's power to give money to the States led to the Common-
Fix this textwealth's monopoly of Income taxation.
Fix this textThe saying In Holy Writ — "The Lord giveth, and the Lord
Fix this texttaketh away; blessed be the name of the Lord" — is. In material
Fix this textterras, right In point.
Fix this textI began by setting out the source and nature of the Common-
Fix this textwealth's power to give money to the States.
Fix this textSection 96 of the Commonwealth Constitution reads as
Fix this textfollows:
Fix this text"During a period of ten years after the establish-
Fix this textment of the Commonwealth and thereafter until the
Fix this textParliament otherwise provides, the Parliament raay grant
Fix this textfinancial assistance to any State on such terms and
Fix this textconditions as the Parliament thinks fit."
Fix this textAn earlier section. Section 87, known as the Braddon
Fix this textClause and sometimes called, offensively, the "Braddon Blot",
Fix this textsaid: -
Fix this text"During a period of ten years after the establish-
Fix this textment of the Commonwealth and thereafter until the Parliament
Fix this textotherwise provides, of the net revenue of the Commonwealth
Fix this textfrom duties of customs and of excise not more than one
Fix this textfourth shall be applied annually by the Commonwealth
Fix this texttowards its expenditure,"
Fix this textThe balance was to go for the benefit of the States.
Fix this text93
Fix this textIt's easy and takes two shakes of a lamb's tail!
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