BIGGER DEDUCTIONS

Evening Post, Volume CXI, Issue 98, 28 April 1931, Page 6

BIGGER DEDUCTIONS

JENGLISH "TOTE 11 BETTING

,The English Eacecout&e. Betting, Conjteol Board, has decided that the pcijrcntago deduction from the totallsator pools, which -was raised to 10 per cent, (during the National Hunt sca&on, shall isontuiue at that rate throughout the juesent flat-racing season, states advice recently to hand fiom England. , When ;the percentage was fixed at C. per cent, on the beginning of operations in, 1929, the boaid had little information available as to the volume of business to-be texpected or the expenses of.operation. With the'information now before it, the board is satisfied that the higher 'rate of deduction is neccd&iry inJ order that there may be an earlier prospect of providing a surplus for the purposes of the 'Act. The percentage' deduction in force in France is 11 per cent., in India And Mouth Africa 12% per cent., and in Gerknany 16 2-3 "per cent. I ■ The board has given full consideration to the rule relating to dividends, which at presont prescribes that the dividend <?n the unit of betting, namely, two shillings, shall be paid to the nearest threepence below the calculated dividend. It has decided that, with effect from 23rd 31areh, the dividend on a two-shilling unit will be paid to the nearest penny Tielow the calculated dividend, the dividends on bets of higher denominations Jieing multiples of the unit dividend.