WHY NOT A BETTING TAX?
[By Electric Cahio—Copyright.] [Aust. and N.Z. Cable Association.] (Received Thursday 7.40 p.m.) LONDON December 21. In the House of Lords. Lord Newton submitted a motion in favour of a betting tax, which would be the means of cosing taxation. Many estimated that five hundred million sterling was spent in betting annually, mostly off racecourses. Here was o' gold mine at the Chancellor's feet. Lord Liverpool mentioned that he had personally observed that the tolalisator in New Zealand had not increased betting. Lord Plymouth declared that legaliaing betting would reverse the policy that had been in operation for seventy years and it would be a shock to a large section of the public. His opinion was that the tax would not yield more than three millions annually. The motion was amended to urging the Ministry’s consideration and in this form was adopted.
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Bibliographic details
Manawatu Times, Volume XLIX, Issue 2313, 4 December 1925, Page 7
Word Count
146WHY NOT A BETTING TAX? Manawatu Times, Volume XLIX, Issue 2313, 4 December 1925, Page 7
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