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FURTHER PARTICULARS.

LONDON, April 30. Mr Austen Chamberlain, in delivering J;he Budget, said that the Excess Profits Tax would be abolished as soon as possible. It would be 40 per cent this year, yielding £50,000,000. The principal preferential articles would bo tea, cocoa, sugar, tobacco, rum, motor spirits, cinema films, clocks, watches, and musical instruments. The preference on spirits consists of a surcharge of 2s 6d on foreign goods. A reduced tax on tea will operate from June 2. It is anticipated that the total loss of revenue involved will be £2,300,000. British loans to Allies and the dominions include £171,000,000 to the dominions. Death duties' have been advanced on estates between £15,000 and £20,000 from 5 per cent to 6 per cent; on estates, between £1,500,000 and £1,----500,000 from 30 to 32 per cent; and over £2,000,000, to 40 per cent.

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https://paperspast.natlib.govt.nz/newspapers/AG19190502.2.19.2

Bibliographic details

FURTHER PARTICULARS., Ashburton Guardian, Volume XXXIX, Issue 9599, 2 May 1919

Word Count
142

FURTHER PARTICULARS. Ashburton Guardian, Volume XXXIX, Issue 9599, 2 May 1919

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