In The Herald: 1988

* New Zealand abandoned its plans to introduce a flat rate of income tax during the year as pressure mounted in Australia for a broad-based consumption tax. In a joint press conference with the minister for finance, Roger Douglas, the prime minister, David Lange, said New Zealand would continue with a progressive tax structure. The New Zealand dollar surged following the announcement thus dispelling the uncertainty that had dogged the markets. Dealers said the market welcomed the government's ...

Vice Regal

Yesterday, at Pyrmont, Sydney, NSW, the Governor- General, His Excellency Major General Michael Jeffery AC CVO MC, toured the Sydney Fish Markets as a guest of the Managing Director, Mr Grahame Turk.