TAXES ON ROYALTIES.
"I/have got just one other land tax to deal with," Mr Lloyd George said m the course of his Limehouse speech, and^ that is one that acts on royalties. The landlords are receiving eight millions per year by way of royalties. What for? They never deposited tho j coal there. It was not they who i planted these great granite rocks m Wales. Who laid the foundations of the,mountains? Was it the landlords? And yet they by some divine right de- ■ mand their toll for merely the right of I men to risk their lives m hewing those rocks. Eight millions a year! "Take any coalfield. I went down to a coalfield tho other day,-and they pointed out to me many collieries there. They said: 'You see that colliery there. The first man who' went there spent a quarter of a million m. smkmg shafts and driving the levels He never got to the coal. He lost a quarter of a million. A second.-man came along, spent £100,000—he -failed. « i . wJ an. came alon S: ho-got the failed, what did L landlord^ 2$ He simply put m tho bailiffs The capitalist risks at any rate the -whoS of his money, the engineer puts m Ha brains, the minor risks his life "
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Bibliographic details
Ashburton Guardian, Volume XXXI, Issue 7915, 1 October 1909, Page 2
Word Count
214TAXES ON ROYALTIES. Ashburton Guardian, Volume XXXI, Issue 7915, 1 October 1909, Page 2
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