THE PETROL TAX.
ALLOCATION TO BOROUGHS. SLIGHT INCREASE IN AMOUNT. (Per Press Association.) WELLINGTON, August 16. The Minister of Public Works (the Hon. E. A. Ransom) stated to-day: "My attention has been drawn to a suggestion that the allocation of the additional petrol duty of 2d a gallon, as provided for in the Finance Bill, will lessen the amount available for boroughs and cities of over 6000 population. This suggestion, is quite a fallacy and is incorrect. "Under the original legislation these boroughs and cities received eight per cent, of the net amount of the 4d tax and ninety-two per cent went to the highways revenue fund. Now eight per cent, of the 4d tax is equivalent to 5 1-3 per cent, of the 6d tax, and it is proposed to actually give the boroughs and cities concerned 5£ per cent, which is a gain and not a loss as suggested. The balance of 94£ per cent will go to the Main Highways revenue account, and it is estimated will yield approximately for this year a sum equal to the' charges transferred to that account from the Consolidated Fund over and above the revenue from the original 4d duty.
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Bibliographic details
Ashburton Guardian, Volume 50, Issue 261, 18 August 1930, Page 4
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199THE PETROL TAX. Ashburton Guardian, Volume 50, Issue 261, 18 August 1930, Page 4
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