WAR FORTUNES.

Auckland Star, Volume LXXI, Issue 97, 24 April 1940, Page 7

WAR FORTUNES.

FUTURE PROBLEM. Estimated Yields From New Taxation. EXCISE AND POSTAL CHARGES. United Press Assoctatlon.—Copyright. (Received 12.30 p.m.) LONDON, April 23. Further legislation would be introduced relating to the margin of preference for Empire sugar, said the Chancellor of the Exchequer. The present preference would operate until August, 1942. Sir John said that if, after the war, there emerged a minority of individuals whom the war had brought nothing but colossal fortune, it would be a situation Parliament could not pasg without effective action. However, that was essentially a postwar problem. The increased beer duty was estimated to produce £15,000.000 in the current year. Duty On Matches Doubled. He proposed to double the excise duties on matches as a result of which a box of SO matches costing one penny would cost Hd. This would provide £3,500,000 this year. Telephone charges would be increased 15 per cent. Kates for corresjtondence overseas would be unchanged. Foreign postage rates would be increased by id. The postal changes will take effect as from May 1. and are estimated to produce £10,400,000 this year and £ 11,000,000 in a full year. The telephone increases are estimated to yield over £2,000.000 this year * and £•'.800,000 iu a full year. There would also be an additional charge of 3d each on ordinary, priority and greetings telegrams, also* on night telegraphs. Charges for private telegraphic services would be increased by 25 per cent. The increase in the Post Office charges was estimated to yield £12,500,000 this year, and £14,500,000 in a full year.