DEARER SWEETS
EFFECT OF SALES TAX PROBABLE PRICE INCREASES It is probable that people who prefer sweets—and especially the tablet variety—to cigarettes and other luxuries will have to pay more for them as a result of the introduction of another 5 per cent, sales tax in the new Budget. In conversation yesterday with Mr H. A; Newall, secretary of the Otago Retail Fruiterers' Association, an Otago Daily Times reporter was told that confectioners had themselves carried the 5 per cent, sales tax when it was first applied without advancing the price of confectionery. Now that the sales tax had been increased to 10 per cent, retailers, Mr Newall said, seemed to have no other option than to pass on the whole tax to the consumer. "For a number of years the publichas been able to buy the various of confectionery in tablet form at the popular prices of 3d, 6d and Is," Mr Newall said. "Approximately 60 per cent, of the confectionery sold in this country is in tablet form, and I am afraid that the public will not relish buying their sweets at prices above the ruling, convenient amounts." I.
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Bibliographic details
Otago Daily Times, Issue 24347, 11 July 1940, Page 5
Word Count
191DEARER SWEETS Otago Daily Times, Issue 24347, 11 July 1940, Page 5
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