ENGLISH BETTING TAX
REDUCTION APPROVED FURTHER REVISION LIKELY (British Official Wireless.) lice. noon. RUGBY, duly 23. On the report stage of the Finance Bill in the House of Commons, Mr. Winston Churclnil, Chancellor of the Kxcheijuei, moved a new clause, the effect 01 which was io reduce the. betting tax from October i next for credit betting from 3] per cent, to 2 per cent., and ior course belting from 2 per cent, to I per < cut. . ile hoped the redact ion in duty would add to tiie efficiency of the tax. and that there would be less eva-
If a practical scheme of grading licenses should he devised, ihat scheme would supersede, cither in whole or in pat!, (lie reduced percentages. The rate of duty upon (he totalisafor had not been settled at the present moment. As scon as Ihe new body was constituted, the Government would begin an exaniituition with them, and sec what was a fair proportion whirl, I.Jiej might properly iakc
7lie new clause was read a second time bv 199 vote-, t,, l|. and was added to the 'Bill.
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Bibliographic details
Poverty Bay Herald, Volume LIV, Issue 16705, 24 July 1928, Page 8
Word Count
184ENGLISH BETTING TAX Poverty Bay Herald, Volume LIV, Issue 16705, 24 July 1928, Page 8
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