BETTING TAX
STATEMENT BY CHANCELLOR RACING NOT SERIOUSLY INJURED. Frees Association—By Telegraph—Copyright LONDON, March 29. Mr Churchill, replying to a deputation of bookmakers, intimated that he was going to ask Parliament to give the betting tax a fair trial during the Hat racing season. If the measure was fofind to bo injuring racing ho would reconsider the incidence of the tax. The Minister said he had been giving a great deal of thought to the totalisator, adding that opinion in favor of the totalisation had been gathering strength since last year. He maintained that the tax had not seriously injured racing. The blood stock sales had realised the highest prices on record. The tax had doubtless contributed to a decline in the attendances; but the weather and the industrial depression had also been great factors. The tax at present yielded half of the estimated £1,500,000. He believed that £3,000,000 a year was the utmost that could be squeezed from the racing public. The totalisator could not replace the office bookmaker.—Sydney ‘ Sun ’ Cable.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19270331.2.38
Bibliographic details
Evening Star, Issue 19521, 31 March 1927, Page 5
Word Count
172BETTING TAX Evening Star, Issue 19521, 31 March 1927, Page 5
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in