A BETTING TAX.
REVE XIT E-EA R NIXC i PR OPOS AL.
UY CABLE PRESS A'-’Si iCiAITON—COPYBIGHI LONDON, Dec. 2. In -the House of Lords, Lord Newton submitted a motion in favour of a betting tax, which would be the means of easing taxation. Many estimated that £500,000,000 was spent in betting annually, mostly off the racecourses, and here was a gold mine at the feet of the Chancellor of the Exchequer. Lord Liverpool mentioned that he had personally observed the working of the' totalisator in New Zealand, and he declared it had not increased betting. The Earl of Plymouth declared that legalising betting was the reverse of the policy in operation for seventy years. It would be a shock to a large section of the -public. His opinion was that a tax would not vield more than £3,000,000. The motion was amended to urge the .Ministry’s consideration of the matter and this was adopted.
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Bibliographic details
Hawera Star, Volume XLV, 4 December 1925, Page 5
Word Count
155A BETTING TAX. Hawera Star, Volume XLV, 4 December 1925, Page 5
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