£10,000,000 LOTTERY
FRENCH ENTERPRISE PROFITS FOR FARMERS PARIS, Aug. 4. France is-now to have a national lottery. Details concerning the arrangements for this have just been settled by a meeting at the Ministry of Finance. During the conference the system of organisation, of national' lotteries in Italy, Czechoslovakia, and Spain were carefully examined. It was eventually decided that the French enterprise should follow the lines of the Spanish lotteries.
Tickets to the value of about £lO,000,000 will he Issued. Of the proceeds, 00 per cent will he awarded in prizes, while the remaining 40 per cent, will be retained by the State to pay its obligations to distressed farmers and ex-service men.
Tho prizes aro to be free from all taxation. Tickets will probably be on sale soon alongside postage stamps in post offices and safes.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18190, 11 September 1933, Page 5
Word Count
136£10,000,000 LOTTERY Poverty Bay Herald, Volume LX, Issue 18190, 11 September 1933, Page 5
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