World Lottery Would Clear £950,000,000
LONDON, Fri. (10.30 a.m.)—A group of promoters who hope to persuade the Government to launch a world-wide lottery, has explained its plans in London, and has claimed that the Treasury would make a clear profit every year of £950,000,000 one-third of which would be used to reduce income tax by 3/- in the £. Half the estimated proceeds should be shared among more than 1,000,000 prize-winners each year. They suggest the remainder could be allocated as follows: To repay the national debt £500.000,000; to reduce income tax, £300,000,000; to buy extra food from the Empire and Commonwealth £100.000.000; to provide for old people and invalids £45,000.000; to aid medical research £5,000,000. The renewal of the lottery each year should be subject to Parliament's sanction.
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Northern Advocate, 17 January 1948, Page 5
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128World Lottery Would Clear £950,000,000 Northern Advocate, 17 January 1948, Page 5
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