THE TOTE
CHURCHILL’S BRAIN WAVE. BETTING TAX. BUT PURITANS FROWN. London, Feb. 8. The Daily Mail says that a proposal to introduce totalizators on the biggest racecourses, and possibly curtail bookmakers, is ’embodied in a memorandum advancing the feasibility of a betting tax which Mr Winston Churchill (Chancellor of the Exchequer), who is searching all avenues for revenue, has circulated for the purpose of sounding his colleagues. A minority of the Cabinet is rigidly opposed to the proposition on Puritanical grounds, but it is probable that it will yield £10,000,000 to £12,000,000. Mr Churchill has persuaded the majority of the Cabinet that the proposal should be supported, even at the risk of offending a proportion of their electorate. It would abolish the existing anomally of credit bookmaking being legal and cash betting, being illegal. —Published in The Times.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ST19260319.2.72
Bibliographic details
Southland Times, Issue 19822, 19 March 1926, Page 10
Word Count
138THE TOTE Southland Times, Issue 19822, 19 March 1926, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.