HEAVY TAXATION.

Auckland Star, Volume LXIV, Issue 238, 9 October 1933, Page 4

HEAVY TAXATION.

LIQUORS AND TOBACCO

Tlie breweries are feeling the pinch of hard times an<l heavy taxation, ami at the annual meetings of different brewery companies, loud complaints against tlie taxation by way of beer duty have been voiced. However (remarks the "Mercantile Gazette"), they are not the only ones so Handicapped, nor are they the worst off. The duty on a 1 G bottle of beer is 3d. or 17 per cent, the duty on a. 13/ 1,-i 14/ bottle of whisky is 5/6 or 40 per rent., the duty on a packet of cigarettes at "d to f>d is 3d to 4%. or, say, 45 per ceiit. Taking the whole-ale side of the oupstion, imported alcoholic liquors are taxed at an average of 163 per cent of the import value, tobacco and cigarettes at 150 nor cent, while local beer appears to be about .90 ner cent of the value apart from I'uty. However, it would appear that the limit of taxation has been'reached on ."II these lines. as consumption hns suffered severely owing to the increased cost, •ind !io other commodities are taxed at nnjrthinß approaching these rates, except "erhaps motor spirits, which have been | Hcreaeed considerably of late. Sales tax. I surtax, income tax, etc., Lave to be added Lo the above taxations.

THE LATEST QUOTATIONS banks— Buyers. Sellers i Australasia — . .12/IS/< Commercial ;.. 16/10 .. 17/1 Commercial (pref.) .. — .. s, i5/< Com. of Sydney 18/0/0 .. 18/10/1 English anr] Scottish 5/18/0 .. 6/1/1 National of N.Z 4/4/0 .. 4/6/1 Xat. of Australasia . 1.V2/6 .. _ Nat. of A'sla (com.) 6/11/0 .. 6/10/< Now South Wales .. 3-t/l-vn . V7 W n e ?J°. d 2/7/10 .. 2/8/< N.Z. D Mort. (fl paid) — .. i/J3/( Queensland National. 5/7/6 .. INSURANCE— Australian Provincial 12/3 .. National 18/2 . New Zealand 2/14/3 .'. 2,1-1/! Queensland 2'its/O .. British 3/14/5 .. 3/14/< FIPJANCIAL— Dalgety and Co 20/15/0 .. — Dom. Investment ... —' ~ 0/19/1 Farmers' Auctioneering 2/7/6 .. — Farmers' Aue. (A pref.) 17/0 .. — tanners Aue. IB pref.) l<so .. (•olrlsbrough Mort .. 1/8/9 .. l<1,; Nntlonal Mort. (Aj .. 2/10/0 .. — National Mort 'B) .. 1/7/6 .. — N.Z. and River plate 1/4/0 .. N.z. Guarantee Corp. , (ord.) 7/0 .. — Loan and Mercantile — .. 67/0/( Loan ana Merc, (pref.) 73/o'o .. — N.A. Farmers' Co-op. (oril.) — ~ o/i N.A. Farmers' Coop. (B pr«f.) 2/(i .. — Traders' Finance Corp. 1/4 .. 2/( COAL— Grey Valley ir./o .. 14/ C Pukemlro — .. l/l/< Renown (ord.) l/o .. 2/( Renown (prof.) — .. 0/1] TttTipirl _ .. 14/f Taupirl (pref.) 1/2/6 .. — Weetport 13/0 .. Westport-Stoekton (pf.) 1/0 .. — GAS— Auckland 1/3/7 .. Auckland (coin.) 17/3 .. — Gishorne 4 6 .. Wellington 1/18/0 .. — SHIPPING— Devonport Ferry 3 'ft/6 .. Howard Smith 14/4 .. Huddart, Parker (pref.) 1/4/0 .. —. Northern Steamship . 4/« ■ .. 5/1 Northern Steam (cont.) I/O .. Union Steam (pref.) . 1/4/0 .. — TIMBER— Kauri fTimber 33 0 .. — L.0.8 is/0 .. 1/0/0 National C/ 0 .. 6/9 WOOLLEN— Kaiapoi (pref.) — .. 17/3 Mosgiel 0/0/0 .. — Wellington 5/5/0 .. Wellington (pref.) .. 3/5/0 .. BREWERIES— C. L. Innes (pref.) .. — .. 17/0 N. 55. Breweries 1/17/6 .. 1/iS/O Staples 1/7/6 .. — Tooney's 1/4/0 .. 1/3/6 Tui 1/IG/O .. — MISCELLANEOUS— Adair Brothers .. 15/6 A. J. Entrican — .. 12/0 British Tobacco 3/17/0 .. K.veroft :/IS/f> .. — Colonial Sugar 50/O/0 .. 39/15/0 Consolidated Brick .. 5/6 .. 3/11 Dominion Pictures .. 10/0 .. 13/0 Dom. Pictures (pref.) 16/6 .. Donaghy's Kope 2///O .. — Kleet. Zinc (ord.) ... 1/5/0 .. Kleet. Zinc (pref.) ... 1/14/0 .. Farmers' Trading -. 3/1 .. 3/3 Farmers' Trad. (A prer.) 12/6 .. Farmers' Trad (B pref.) 8/6 .. — Gear Meat — .. 1/13/0 Haywa'rfl's Pictures ... — .. 7/0 Hill and Pluinmer .. 10/0 .. — H.M. Arcade — ~ 1/0/0 lI.M. Arcade (pref.) . — .. 1/1/0 N.Z. Drug- 3/S/O .. — Milne. ■ Clio.vce 17/6 .. — Moturoa Oil 1/0 .. — Moturoa Oil (pref.) ■ — .. 4/6 Farmers' Fertiliser . 13/6 .. — N.Z. Newspapers .... 1/7/0 .. 1/S/O N.Z. Taper Mills 1/7/0 .. — N.Z. Refrigerating .. — .. 1/0/.°, N.Z. Refrig. (con.) . 0/5 .. 9/S N. Roller Mills 1/7/0 .. — N. Roller Mills (pref.) 1/1/0 .. -_ Robinson Ice Cream . 16/3 .. 37/6 Sanford (pref.) — .. 10/0 Sharland and Co. .. 1/2/0 .. — Thailand and Co. (pref.) 1/2/0 ~ — Taranaki Oil Fields . 2/3 .. 2/0 Tonson Garlick — .. 5/0 Union Oil 1/5/0 .. — Wairakei 3/0 .. 6/0 Wilsons Cement .... 1/4/0 .. — "Woolwortli (N.Z.) prf. 1/15/0 .. 1/17/0 MINING— Alexander — .. 17/6 Bell Hooper 0/0 .. 1/0 Big River — .. 1/8 Bell Kilgour 1/7 .. 1/SJ Centra] Shotover O/10 .- 1/2 Consolidated Goldfields 15/0 .. 17/3 Oillespifi's Beich 2/2 .. 2/8 Golconda 0/6 .. 1/0 Golden Dawn 2/3 .. 2/8 Golden Point 0/1 .. O/3 Golden Sands — .. 3/8 Kawarau 0/6 .. — Kildare. — .. 2/6 King Solomon 3/3J .. 3/5 Komata Reefs ... 4/8 .. 5/6 Mataki Gold Dredging — .. 2/4 New Guinea — .. 0/6 N.Z. Crown 1/6 .. 2/0 Nokomai 2/6 .. 2/11 Nevis Diesel 0/S4 .. — Okarlto 10/6 .. 11/1 Paddy's Point 5/2 .. .1/6 "Waihi 1/6/3 .. 1/6/0 Waihi Grand Junction 4/4 .. 4/6 AVaitahu 6/10 .. 7/6 I.awson's Flats 0/5 .. — Tonkok Harb 4/3 .. — Mount Lyell 1/4/1 .. 1/4/4 Uawang 5/0 .. 6/3 GOVERNMENT BONDS— 35/1/40, 4 p.c 101/5/0 .. — 15/2/46, 4 p.c 301/0/0 .. — 15/4/40, 4 p.c 102/5/0 ..102/10/0 15/6/53, 4 p.c 101/0/0 — INSCRIBED STOCK— 13/3/38-43, 3J p.c. ...100/10/0 .. — 35/5/38-32, 3 J p.c. ...301/10/0 .. — 15/3/30-43, 3| p.c. ..100/10/0 .. 101/5/O 15/5/30-52, 34 p.c. ...101/10/0 .. — 15/1/40, 4 p.c 101/5/0 ..101/10/0 15/2/46, 4 p.c 101/0/0 .. — 3 5/4/40, 4 p.c 102/5/O ..102/10/0 15/6/55. 4 p.c 101/0/0 .. — DEBENTURES Ak. H.8./5S 103/0/0 .. — City of Auckland. 5J.. 09/0/0 .. — Franklin P. 8., 1063."0S 100/10/0 . 102/0/0 Auck. 0.8.. 1930, 5.. 08/0/0 .. — Ak. Hos. Bd., 1035, 5* — ..100/10/0 Ak. Hos. Bd., 1935. oj — .. 102/0/0 Hauraki Plains, 1963, 6 — 85/0/0 Mt. Eden, 1032, 5 .. — .. 06/0/0 Mt. Kilen, 1960, 5* .. — .. 08/0/0 Mt. Roskill, 1903, 5i — .. 102/0/O Mt. Roskiil, 19C0, 5 J — ..102/10/0 Patea, 1046, 6 — .. 100/0/0 Waitemata, 1/10/6.1, 6 — .. 101/0/0 Waitemata, 1/6/01, 6 — ..102/10/0 Wellington, 1041. 6J.. 101/10/0 .. — Auck. Gas, 1012, i>.. 104/0/0 .. — Auck. Gas. 1035, 6*.. 102/0/0 .. — Birkenhead Gas, 1938, 6i 98/0/0 .. 100/0/0 Gis. Sheep Farmers, 1041, 6$ 84/0/0 .. —. Amalgnm. Bricks, 7i (Auckland) 90/0/0 ..100/0/0 Anidlgnm. Bricks, 7i (Wellington) . ." 00/0/0 .. 100/0/O Hamilton Theatres, 7 — .. 100/0/0 Williamson Picture, 5/0/33-40. 7 J — ~100/0/0 Wrigut, Stephenson, perp. stock, 5 — .. 90/0/0 CALL AND DIVIDEND LIST. DIVIDENDS. Due. Bank of Australasia—lnterim, 3/6 (sterling) Now Milne and Choyce—Final, pref., 6 p.c.: B pref., 7 p.c.; ord. and debs., 3 p.c Oct. 10 Sonata Reefs—.lnterim, 3d a share Oct. 30 New Zealand Guarantee Corporation—Final, pref., 7 p.q. p.a. (less 20 p.c.) : ord., "3d a share; con., 3d a sban Oct. — j Waihi Gold—lnterim. 1/ a share Nov. 1| Electro. Zinc—Pref. arrecrs to I December 31, 1932, 8 p.c. p.a. Nov. 2' Tattersfield. Ltd.—s p.c. p.a. ... Nov. 10. Imperial Chemicals—lnterim, 21 ! P-c Dec l|