Transport Generally. 
(11) That co-ordination of transport authorities should be under- 
jaken in all the States, and that by some means co-ordination of 
iraffic for the whole of Australia should be achieved. (Paras, 41 
ta 483) 
B. TaxaTion. 
(1) That there should be uniformity throughout the Common- 
wealth and States in calculating income for income tax purposes, 
and that the combined tax should be paid as one tax in two instal 
ments. (Para. 2.) 
(2) That a similar course should be taken in regard to calculating 
nheritance duty. (Para. 7.) 
(3) That the principle of averaging or of allowing a set-off for 
losses should be fully recognized by the Australian Governments 
in making assessments for income tax. (Para. 3.) 
(4) That land tax if charged should be at an even rate on all 
land values. (Para. 8.) 
(5) That in consultation with the shipowners some more equit- 
able scheme of imposing income tax on shipping profits than that 
now existing should be arranged. (Para. 5.) 
(6) That the profits of non-Australian Companies trading here 
should be fullv assessed. (Para. 6) 
C. BANKING. 
We think that it is a matter for consideration :— 
(1) Whether the Directors of the Commonwealth Bank, if 
that Bank is to be (as it naturally would be, and indeed is 
proposed to be) the contemplated Reserve Bank, should not 
oe appointed otherwise than by the Government. (Para. 5.) 
(2) Whether its Branches, in so far as they are ordinary 
trading branches, should not be entirely divorced from the 
Bank acting as a Reserve Bank. (Para. 6.) 
(3) Whether in order to afford proper opportunities for the 
issue and negotiation of trade bills, which facilitate the busi- 
ness of a Reserve Bank, the stamp duty on bills of exchange 
should not be verv much reduced. (Para 4) 
D. Tas DBVELOPMENT AND MIGRATION 
FOR SCIENTIFIC AND INDUSTRIAL 
RESBAROH. 
CoMMISSION, THE COUNCIL 
RESEARCH AND FcoNoMIC 
(1) That the work of the Development and Migration Com- 
mission and the Council for Scientific and Industrial Research 
should be assisted by further trained staff, as necessary. (Para. 4.) 
(2) That closer co-ordination should be effected between these 
wo bodies. (Para. 5.)