CRAZE FOR SPECULATION
THE REASON OUTLINED. , PROFIT FREE PROM TAXATION. (United Press Association.) (By Electric Telegraph—Copyright,) LONDON, April ID. (Received April 20, at 7 p.m.) . Mr Henry Morgan, vice-president of the Society of Accountants, speaking at Cardiff, said that the craze for speculation was extending to every section of the community, particularly women. • He added; “ I have heard of cases of women, selling their jewels ,to speculate on the Stock Exchange, and several cases of small fortunes being made by a sudden jump in shares. The reason for this craze for speculation is the taxation, whereby the Government takes by way of income tax and super tax from 30 per cent; to 50 pet cent, of a man’s earnings. Naturally business men hesitate to risk capital in business ventures, and prefer to risk speculation, the profit from which is free from taxation. This attitude ia far more widespread than is generally imagined.—Australian Press Association.
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Bibliographic details
Otago Daily Times, Issue 20389, 21 April 1928, Page 13
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154CRAZE FOR SPECULATION Otago Daily Times, Issue 20389, 21 April 1928, Page 13
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