PROFITS IN TOBACCO
An interesting light on the profits of tobacco is furnished by the offi cial figures in Italy, where there is a State monopoly of all smokes. Total receipts for the year 1927-28 were 3,462,654,635 lire, or 16,355,883 more than in 1926-27. After paying all expenses the net profit for the State was 2,607,314,454 lire, or about £28,500,000. During the year 31,000,000 kilograms of tobacco were consumed, or 0.731 kilograms per head of the population; that is to say, the Italians spent an equivalent of 82 lire and 32 centimes per head on tobacco in the year,
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Bibliographic details
King Country Chronicle, Volume XXIII, Issue 3075, 5 November 1929, Page 7
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99PROFITS IN TOBACCO King Country Chronicle, Volume XXIII, Issue 3075, 5 November 1929, Page 7
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