MORTON’S FORK
Comparison With N.Z. Budget
The company taxation proposed in the latest Budget was described as similar to Cardinal Morton’s fork by Mr Neville Vincent, chairman of directors of Vibrapac Blocks, Ltd., at the annual meeting of the company yesterday. Cardinal Morton, a former Archbishop of Canterbury was Lord Chancellor of England in Tudor times, said Mr Vincent, when he combined the offices of spiritual director and Royal adviser, rather like a “medieval Mr Nordmever.” The Cardinal had introduced a device called Morton’s fork, said Mr Vincent, which caught, on the second prong, many taxpayers who tried to escape the first. Mr Nordmeyer proposed to use a similar instrument today, he said, one prong of which would prod the company into paying out more of its profits in dividends, while the other was waiting to catch the unwary shareholder.
Permanent link to this item
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Bibliographic details
Press, Volume XCVII, Issue 28630, 5 July 1958, Page 12
Word Count
140MORTON’S FORK Press, Volume XCVII, Issue 28630, 5 July 1958, Page 12
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Acknowledgements
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